Document:

UNCONDITIONAL AND IRREVOCABLE GUARANTY OF PAYMENT
                -------------------------------------------------

DATE:           DECEMBER 1, 1999

PRINCIPAL:      EFFICIENCY LODGE, INC.

LENDER:         CROWN GROUP, INC. AND CHADCO, INC.

GUARANTOR:      W. RAY BARNES

NOTE:           THAT CERTAIN PROMISSORY NOTE DATED AS OF DECEMBER 1, 1999,  MADE
                BY PRINCIPAL IN FAVOR OF LENDER IN THE TOTAL PRINCIPAL AMOUNT OF
                $797,040.83 (THE "NOTE").

    In  consideration  of the sum of Ten Dollars  ($10.00) cash in hand paid and
other valuable  considerations,  as well as for the purpose of seeking to induce
Lender to extend or renew credit to Principal,  the  undersigned  (herein called
the  "undersigned" or "Guarantor") does hereby  irrevocably  guarantee to Lender
and to Lender's  endorsees,  transferees,  successors  or assigns of either this
Unconditional  and  Irrevocable  Guaranty of Payment  ("Guaranty") or any of the
obligations  secured  hereunder,  or both, the prompt payment of all amounts due
under the Note given by Principal and payable to Lender, including any renewals,
modifications or extensions thereof.  The undersigned does further agree that if
the Note is not paid by Principal in accordance with its terms,  the undersigned
will  immediately  make the  payments  required and perform the  obligations  of
Principal thereunder.

    The  undersigned  agrees  to pay all  costs  of  collection  and  reasonable
attorney's  fees (including  attorney's fees incurred in negotiations  and trial
and  appellate  proceedings)  incurred by Lender in enforcing or  attempting  to
enforce this Guaranty upon the default of Principal.

    The undersigned further waives notice of the acceptance of this Guaranty, or
of any default by Principal,  except that  Principal  shall give 15 days written
notice to Guarantor prior to initiating legal action hereunder.

    Lender shall have the right to proceed against the undersigned without first
proceeding against Principal or any property securing payment of the Note.

    The  undersigned  acknowledges  receipt  of good,  valuable  and  sufficient
consideration for his making of this Guaranty.

    The  undersigned  hereby  waives  any  right  or  claim  of right to cause a
marshalling of any of Principal's assets or the assets of any other party now or
hereinafter held as security for the Note.

    In case of the dissolution,  liquidation or insolvency of the Principal,  or
in case of any bankruptcy, reorganization,  arrangement, adjustment, composition
or other  proceeding  under any bankruptcy or insolvency  laws  instituted by or
against  Principal or in the event any receivership  proceeding is instituted by
or against Principal, the obligations covered by this Guaranty
shall immediately become due and payable by the undersigned without notice to or
further consent from the undersigned.

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<PAGE>
    The  undersigned  will not  assert  any  right to which it may be or  become
entitled,  whether  by  subrogation,  contribution  or  otherwise,  against  the
Principal,  except  after  payment in full of all amounts  (including  costs and
expenses) which may be or become payable in respect of or under the Note.

    This  Guaranty is  irrevocable.  This  Guaranty and all  obligations  of the
undersigned hereunder shall terminate and cease only at the time Lender receives
payment in full of all sums payable to it by Principal under the Note.

    The undersigned  agrees that this Guaranty shall inure to the benefit of and
may be enforced by Lender or Lender's  endorsees,  transferees,  successors  and
assigns,  and shall be binding upon and enforceable  against the undersigned and
its legal representatives, heirs, successors and/or assigns.

    This Guaranty  shall be governed by the laws of the State of Florida and the
undersigned   hereby  consents  to  the  jurisdiction  of  the  courts  of  such
jurisdiction  and to  being  sued  therein.  The  venue  of any  action  brought
hereunder  shall be, at the  election  of  Lender,  in state  court in  Escambia
County,  Florida,  and the undersigned hereby specifically submits to said venue
and to the jurisdiction of the courts of such  jurisdiction,  expressly  waiving
the right to seek jurisdiction or venue in any other county or state.

    Notwithstanding  anything to the contrary  contained in this  Guaranty or in
the  Note,  it is the  intent of the  parties  that any  interest  for which the
undersigned  is  obligated  hereunder  shall not  exceed the  maximum  amount of
interest  permitted to be enforced  against the undersigned  under the governing
law specified above.

    IN  WITNESS  WHEREOF,  the  undersigned  has  executed  and  delivered  this
instrument under seal effective as of the date first above written.

                                  /s/ W. Ray Barnes
                                  W. Ray Barnes

STATE OF GEORGIA

COUNTY OF COBB

    The  foregoing  instrument  was  acknowledged  before  me this 1st day of
December, 1999, by W. Ray Barnes, who is personally known to me.

                                  /s/ Leo W. Clifton, Jr.
(SEAL)                            NOTARY PUBLIC

                                  My Commission Expires:  December 28, 2000

                                       2<PAGE>

                                                                     Exhibit 4.1

             Incorporated under the laws of the State of Delaware

                      WorldWide Web NetworX Corporation

                  Total Authorized Issue 110,000,000 Shares

100,000,000 Shares $.001 Par Value             10,000,000 Shares $.01 Par Value
           Common Stock                                Preferred Stock

                                   SPECIMEN

This is to certify that _______________________________________ is the owner of

_______________________________________________________________________________
            Fully Paid and Non-Assessable Shares of Common Stock of
                       WorldWide Web NetworX Corporation

transferable only on the books of the Corporation by the holder thereof in
person or by a duly authorized Attorney upon surrender of this Certificate
properly endorsed. Witness, the seal of the Corporation and the signatures of
its duly authorized officers

Dated

----------------------               [SEAL]              ----------------------
            Secretary                                                President<PAGE>

                                                                     Exhibit 4.2

                                   EXHIBIT "B"

                        WORLDWIDE WEB NETWORX CORPORATION
                       SERIES A 6% CUMULATIVE CONVERTIBLE
                                    DEBENTURE

     NEITHER THIS DEBENTURE NOR THE SHARES OF COMMON STOCK ISSUABLE UPON
     CONVERSION OF THIS DEBENTURE HAS BEEN REGISTERED UNDER THE SECURITIES ACT
     OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR THE SECURITIES LAWS OF ANY
     OTHER STATE. THIS DEBENTURE HAS BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A
     VIEW TO DISTRIBUTION OR RESALE, AND MAY NOT BE OFFERED FOR SALE, SOLD,
     MORTGAGED, PLEDGED, HYPOTHECATED OR OTHERWISE TRANSFERRED NOR WILL ANY
     ASSIGNEE OR TRANSFEREE HEREOF BE RECOGNIZED BY THE CORPORATION AS HAVING
     ANY INTEREST IN SUCH DEBENTURE WITHOUT AN EFFECTIVE REGISTRATION STATEMENT
     FOR SUCH DEBENTURE UNDER THE SECURITIES ACT AND ANY APPLICABLE STATE
     SECURITIES LAWS, OR AN OPINION OF COUNSEL SATISFACTORY TO THE CORPORATION
     THAT REGISTRATION IS NOT REQUIRED UNDER THE SECURITIES ACT AND APPLICABLE
     STATE SECURITIES LAWS.

[NAME]______________________                                     Mt. Laurel, NJ

$___________________________                                     ______  , 1999

         FOR VALUE RECEIVED, WORLDWIDE WEB NETWORX CORPORATION, a corporation
organized and existing under the laws of the State of Delaware (the "Company"),
hereby promises to pay to ____________________________ (together with any
subsequent holder or holders of this Debenture, the "Lender") or registered
assigns, the principal sum of _______________________________________ NO/100
($______) with interest to commence accruing from the date of this Series A 6%
Cumulative Convertible Debenture (the "Debenture") on the unpaid principal
balance from time to time outstanding until due and payable on or before twelve
(12) months from the date of this Debenture (the "Maturity Date"), at the rate
provided in Section 1.(a) hereof. Each holder of this Debenture, by acceptance
hereof, agrees to and shall be bound by the provisions of this Debenture.

                                       1

<PAGE>

         1. PAYMENT TERMS OF DEBENTURE.

         (a) PAYMENT OF PRINCIPAL AND INTEREST. This Debenture shall bear
interest on the outstanding principal balance hereof at the rate of six percent
(6%) per annum (computed on the basis of a 360-day year of twelve 30-day
months). Unless previously converted in accordance with Section 2 hereof,
principal and interest shall be payable on the Maturity Date, unless the
Maturity Date is not a banking day in New York City in which case the Maturity
Date for the payment of the principal and interest shall be the next such
banking day. All payments of principal and interest hereunder shall be made by
the Company in lawful money of the United States of America of immediately
available funds. Both the payment of principal and interest hereunder shall be
delivered at the address of the Lender on the books of the Company, or such
other place as the holder hereof shall designate to the Company in writing.

         (b) VOLUNTARY PREPAYMENT. The Company may at any time prepay this
Debenture (a "Voluntary Prepayment"), prior to the Maturity Date in whole or in
part from time to time after issuance but not prior to the Conversion Date (as
defined herein) as set forth in Section 2 hereof, without premium or penalty,
upon not less than thirty (30) but not more than sixty (60) days' prior written
notice to the holder hereof. Each such notice shall specify the prepayment date
(the "Prepayment Date") and the amount to be prepaid. All Voluntary Prepayments
shall be applied first to accrued but unpaid interest and second to the payment
of principal on this Debenture.

         If less than all of the Debentures in this Series, if any, are to be
repaid, the Company will repay all of the Debentures in this Series on a pro
rata basis. If any Debenture is to be repaid in part only, a new Debenture or
Debentures in principal amount equal to the unrepaid principal portion thereof
will be issued.

         The Company's prepayment rights are subject to the Lender's right to
convert this Debenture into shares of common stock, $.001 par value per share,
(the "Shares") of the Company in accordance with Section 2.

         2. CONVERSION.

         (a) RIGHT TO CONVERT. The Lender shall have the right to convert (the
"Conversion Right") the principal amount and all accrued and unpaid interest of
this Debenture into Shares after the earlier of (i) the effective date of the
registration statement to be filed by the Company registering the resale of the
Shares, or (ii) 120 days after the filing of such registration statement by the
Company. If the Lender does not exercise his Conversion Right by 5:00 p.m. New
York City time on the earlier of (i) or (ii), his Conversion Right shall
terminate.

         (b) CONVERSION OF DEBENTURE INTO SHARES. Subject to and in compliance
with the provisions of this Section 2, all of the outstanding principal hereon
may, at the option of the Lender, be converted as set forth in subparagraph (a)
of this Section 2. Any accrued but unpaid interest shall be added to the
principal amount of the Debenture upon conversion. The number of Shares the
Lender shall be entitled to receive upon conversion shall be determined by
adding the principal

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<PAGE>

amount of the Debenture plus any accrued but unpaid interest and dividing that
aggregate amount by the lesser of (i) a thirty-five percent (35%) discount from
the five (5) day average closing bid price per share of the Company's common
stock (the "Common Stock") quoted on the over-the-counter bulletin board
("OTC:BB") immediately preceding the business day on which the Company receives
written notice via facsimile of the Lender's intent to convert the Debenture
(the "Conversion Date"), or (ii) the five (5) day average closing bid price of
the Common Stock immediately preceding the later of the date that (y) the
closing on an aggregate amount of $2,500,000.00 Debentures, or (z) the closing
on the over-allotment option for an additional $500,000.00 of Debentures. The
price at which the principal and interest, if any, are converted into Shares in
accordance with this subparagraph (b) is the "Conversion Price". Notwithstanding
the foregoing, the Conversion Price shall not be less than $.25 per Share and
not more than $1.50 per Share.

                  The Company's delivery to the Lender of the fixed number of
Shares (rounded up in the case of a fractional Share) into which the Debenture
is convertible shall be deemed to satisfy the Company's obligation to pay the
principal amount of the Debenture and all accrued interest that has not
previously been paid. No fractions of shares or scrip representing fractions of
shares will be issued on conversion, but instead of any fractional interest, the
Company shall round up to the nearest Share.

         (c) CONVERSION PROCEDURE. To exercise the Conversion Right, the Lender
shall surrender this Debenture to the Company at its principal office for notice
during regular business hours, after having first or simultaneously given
written notice via facsimile to the Company at such principal office on a
business day that such holder elects to convert this Debenture in the form
attached hereto as Exhibit A. Such notice shall also state the name or names
(with address or addresses) in which the certificate or certificates for Shares
issuable upon such conversion shall be issued. This Debenture, when surrendered
for conversion, shall be accompanied by proper assignment thereof to the Company
or in blank. The date when such written notice and this Debenture is received by
the Company as set forth in the subparagraph (c) shall be the "Conversion Date".
As promptly as practicable after the Conversion Date, but in no event more than
five (5) business thereafter, the Company shall issue and deliver to the Lender,
or such other as the notice states, a certificate or certificates as such holder
may request for the number of full Shares issuable upon the conversion of this
Debenture. Such conversion shall be deemed to have been effected immediately
prior to the close of business on the Conversion Date, and at such time the
rights of the Lender as holder of this Debenture shall cease and the person or
persons in whose name or names any certificate or certificates for Shares shall
be issuable upon such conversion shall be deemed to have become the holder or
holders of record of Shares represented thereby.

         3. ADJUSTMENT OF CONVERSION PRICE IN EVENT OF AN EXTRAORDINARY COMMON
            STOCK EVENT.

         (a) Upon the happening of an Extraordinary Common Stock Event occurring
after the date hereof (as hereinafter defined), the Conversion Price shall,
simultaneously with the happening of such Extraordinary Common Stock Event, be
adjusted by dividing the then effective Conversion Price by a fraction, the
numerator of which shall be the number of shares of Common Stock of all

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<PAGE>

classes outstanding immediately after such Extraordinary Common Stock Event
(including as outstanding all Shares issuable upon conversion of this Debenture
or other outstanding securities convertible into Common Stock) and the
denominator of which shall be the number of shares of Common Stock of all
classes outstanding immediately prior to such Extraordinary Common Stock Event
(including as outstanding all Shares issuable upon conversion of this Debenture
or other outstanding securities convertible into Common Stock), and the quotient
so obtained shall thereafter be the Adjusted Conversion Price. The Adjusted
Conversion Price shall be readjusted in the same manner upon the happening of
any successive Extraordinary Common Stock Event or Events. "Extraordinary Common
Stock Event" shall mean (i) the issuance of additional shares of the Common
Stock as the result of any dividend or other distribution on outstanding Common
Stock, (ii) subdivision of outstanding shares of Common Stock of any class into
a greater number of shares of the Common Stock, or (iii) combination of
outstanding shares of the Common Stock of any class into a smaller number of
shares of the Common Stock.

         (b) OTHER DIVIDENDS. In the event the Company shall make or issue, or
fix a record date for the determination of holders of Common Stock entitled to
receive a dividend or other distribution payable in securities of the Company
other than shares of Common Stock, then and in each such event lawful and
adequate provision shall be made so that the Lender shall receive upon
conversion thereof in addition to the number of shares of Common Stock
receivable thereupon, the amount and type of securities of the Company which
they would have received had this Debenture been converted into Shares on the
date of such event and had they thereafter, during the period from the date of
such event to and including the Conversion Date (as that term is hereafter
defined), retained such securities receivable by them as aforesaid during such
period, giving application to all adjustments called for during such period
under this Section 3 with respect to the rights of the Lender.

         (c) RECLASSIFICATION. If the Shares issuable upon the conversion of
this Debenture shall be changed into the same or different number of shares of
any class or classes of stock, whether by reclassification or otherwise (other
than a subdivision or combination of shares or stock dividend provided for
above, or a reorganization, merger, consolidation or sale of assets provided for
elsewhere in this Section 3, then and in each such event the Lender shall have
the right thereafter to convert this Debenture into the kind and amount of
shares of stock and other securities and property receivable upon such
reorganization, reclassification or other change, by holders of the number of
Shares into which this Debenture might have been converted immediately prior to
such reorganization, reclassification or change, all subject to further
adjustment as provided herein.

         (d) REORGANIZATION: SALE OR MERGER. If at any time or from time to time
there shall be a capital reorganization of the Common Stock (other than a
subdivision, combination, reclassification or exchange of shares provided for
elsewhere in this Section 3) or a merger or consolidation of the Company or the
sale, transfer, lease, or other disposition of all or substantially all assets
and properties (a "Sale or Merger") of the Company shall be effected in such a
way that the holders of Common Stock shall be entitled to receive stock,
securities or property with respect to or in exchange for Common Stock, then,
with respect to this Debenture if not converted into Shares in accordance with
the terms hereof immediately prior to the completion of such reorganization or
Sale

                                       4
<PAGE>

or Merger, as a part of and as a condition to the effectiveness of such
reorganization or Sale or Merger, lawful and adequate provision shall be made so
that (i) if the Company is not the surviving corporation, this Debenture shall
be converted into debentures of the surviving corporation having equivalent
terms and provisions and (ii) in lieu of being able to convert into Shares of
the successor corporation the Lender shall thereafter be entitled to receive
upon conversion of this Debenture (including any principal amount of debentures
issued upon conversion of this Debentures) the number of shares of stock or
other securities or property of the Company or of the successor corporation
resulting from such reorganization or Sale or Merger to which a holder of the
number of Shares deliverable upon conversion of this Debenture immediately prior
to such reorganization or Sale or Merger would have been entitled to receive. In
any such case, appropriate provisions shall be made with respect to the rights
of the Lender (including any principal amount of additional debentures issued
upon conversion of this Debenture) after the reorganization of Sale or Merger to
the end that the provisions of this Section 3 (including without limitation
provisions for adjustment of the Conversion Price and the number of Shares
purchasable upon conversion of this Debenture or such additional debentures)
shall thereafter be applicable, as nearly as may be, with respect to any shares
of stock, securities or assets to be deliverable thereafter upon the conversion
of this Debenture or such additional debentures. Notwithstanding anything in
this Debenture to the contrary, the transaction between the Company and Artra
Group Incorporated shall not be deemed an Extraordinary Event which would
trigger any adjustment as may be described in this Section 3.

         (e) NOTICE OF ADJUSTMENT. In each case of an adjustment or readjustment
of the Conversion Price, the Company will furnish to the Debenture holder,
within 30 days after any such adjustment or readjustment, a certificate,
prepared by the chief financial officer of the Company, showing such adjustment
or readjustment, and stating the facts upon which such adjustment or
readjustment is based.

         4. RESERVATION OF COMMON STOCK. The Company shall at all times reserve
and keep available out of its authorized but unissued shares of Common Stock,
solely for the purpose of effecting the conversion of this Debenture into
Shares, such number of its shares as shall from time to time be sufficient to
effect the conversion of this Debenture, and if at any time the number of
authorized but unissued shares of Common Stock shall not be sufficient to effect
the conversion of the aggregate principal amount of this Debenture and any
accrued but unpaid interest hereon then outstanding, the Company shall take such
action as may, in the opinion of its counsel, be necessary to increase its
authorized but unissued shares of Common Stock to such number of shares as shall
be sufficient for such purpose.

         5. EVENTS OF DEFAULT AND ACCELERATION. If any of the following events
shall occur and be continuing for any reason whatsoever (and whether such
occurrence shall be voluntary or involuntary or come about or be effected by
operation of law or otherwise):

         (a) the Company defaults in the payment of the principal of this
Debenture and such default continues for a period of fifteen (15) business days
after the date such payment was due; or

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<PAGE>

         (b) the Company defaults in any material respect in the performance or
observance of any other covenant, agreement, term or condition contained herein
other than a notice provision and such default shall not have been remedied
within thirty (30) days after the date written notice thereof shall have been
received by the Company from the holder, or

         (c) the Company defaults in any material respect in the performance or
observance of any notice provision contained herein;

         (d) the Company or any of its subsidiaries shall be involved in
financial difficulties as evidenced:

                  (i) by its commencement of a voluntary case under Title 11 of
the United States Code as from time to time in effect, or by its authorizing, by
appropriate proceedings of its board of directors or other governing body, the
commencement of such a voluntary case;

                  (ii) by its filing an answer or other pleading admitting or
failing to deny the material allegations of a petition filed against it
commencing an involuntary case under said Title 11, or seeking, consenting to or
acquiescing in the relief therein provided, or by its failing to controvert
timely the material allegations of any such petition;

                  (iii) by the entry of an order for relief against it in any
involuntary case commenced under said Title 11 which remains undischarged or
unstayed for more than sixty (60) days;

                  (iv) by its seeking relief as an Indebtedness or under any
applicable law, other than said Title 11, of any jurisdiction relating to the
insolvency, liquidation or reorganization of Indebtors or to the modification or
alteration of the rights of creditors, or by its consenting to or acquiescing in
such relief;

                  (v) by entry of an order by a court of competent jurisdiction
(A) finding it to be bankrupt or insolvent or (B) ordering or approving its
liquidation, reorganization or any modification or alteration of the rights of
its creditors which remains undischarged or unstayed for more than sixty (60)
days;

                  (vi) by the entry of an order by a court of competent
jurisdiction assuming custody of, or appointing a receiver or other custodian
for, all or a substantial part of its property which remains undischarged or
unstayed for more than sixty (60) days; or

                  (vii) by its making an assignment for the benefit of, or
entering into an agreement with, its creditors, or appointing or consenting to
the appointment of a receiver or other custodian for all or a substantial part
of its property;

then the holder may, by written notice to the Company, declare the Company to be
in default hereunder (an "Event of Default") and may exercise any right, power
or remedy permitted to such holder by law, including, without limitation:

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<PAGE>

                  (i) the right to declare the entire principal amount of this
Debenture and accrued interest thereon, if any, due and payable;

                  (ii) the right to commence any proceeding against the Company
in furtherance of the foregoing.

         6. NOTICES OF RECORD DATE. In the event (i) the Company establishes a
record date to determine the holders of any class of securities who are entitled
to receive any dividend or other distribution, or (ii) there occurs any capital
reorganization of the Company, any reclassification or recapitalization of the
capital stock of the Company, any Sale or Merger or any voluntary or involuntary
dissolution, liquidation or winding up of the Company, the Company shall mail to
the holder of this Debenture at least ten (10) days prior to the record date
specified therein, a notice specifying (a) the date of such record date for the
purpose of such dividend or distribution and a description of such dividend or
distribution, (b) the date on which any such reorganization, reclassification,
Sale or Merger, dissolution, liquidation or winding up is expected to become
effective, and (c) the time, if any, that is to be fixed, as to when the holders
of record of Common Stock (or other securities) for securities or other property
deliverable upon such reorganization, reclassification, Sale or Merger,
dissolution, liquidation or winding up.

         In addition, the Company shall, within 30 days after the occurrence of
any default (the term "default" to include the events specified above without
grace or notice) known to it, give to the holder of this Debenture notice of
such default; provided that, except in the case of a default in the payment of
principal of, or interest on this Debenture, the Company shall be protected in
withholding of such notice if it in good faith determines that the withholding
of such notice is in the interest of the Debenture holder.

         7. REGISTRATION AND TRANSFER. This Debenture is transferable only on
the register maintained by the Company. The holder of this Debenture agrees
that, prior to the sale or transfer of this Debenture, such holder shall
surrender said Debenture to the Company in exchange for a new Debenture to be
registered in the name of the proposed transferee in the principal amount equal
to the unpaid balance of principal of the Debenture surrendered and otherwise
having the same terms and provisions of the Debenture surrendered. The holder of
this Debenture consents and agrees that the last holder of such Debenture as
registered on the books of the Company may be treated by the Company and all
other person(s) dealing with such Debenture as the absolute owner thereof for
any purposes and as the person entitled to receive all payments of interest,
principal and premium, if any, with respect to such Debenture and as the person
entitled to exercise the rights represented by such Debenture, any notice to the
contrary notwithstanding, unless and until such holder seeks to transfer
registered ownership of such Debenture on the books of the Company and such
transfer is effected.

         8. COMPLIANCE WITH USURY LAWS. All agreements between the Company and
the Lender are hereby expressly limited so that in no contingency or event
whatsoever, whether by reason of acceleration of maturity of the Indebtedness
evidenced hereby or otherwise, shall the amount paid or agreed to be paid to the
Lender for the use, forbearance or detention of the Indebtedness evidenced
hereby exceed the maximum permissible under applicable law. As used

                                       7
<PAGE>

herein, the term "applicable law" shall mean the law in effect as of the date
hereof; provided, however, that in the event there is a change in the law which
results in a higher permissible rate of interest, then this Debenture shall be
governed by such new law as of its effective date. If, from any circumstance
whatsoever, fulfillment of any provision hereof at the time performance of such
provision shall be due, shall involve transcending the limit of validity
prescribed by law, then the obligation not be fulfilled shall automatically be
reduced to the limit of such validity, and if from any circumstances the Lender
should ever receive as interest an amount which would exceed the highest lawful
rate, such amount which would be excessive interest shall be applied to the
reduction of the principal balance evidenced hereby and not to the payment of
interest. This provision shall control every other provision of all agreements
between the Company and the Lender.

         9. GOVERNING LAW AND VENUE. This Debenture shall have the effect of an
instrument executed under seal and shall be governed by and construed in
accordance with the laws of the State of New York. Venue for any and all actions
arising from or in connection with this Debenture shall be in the state and
federal courts of New York County, New York.

         10. OTHER. No recourse for the payment of the principal of, premium, if
any, or interest on this Debenture, or for any claim based hereon or otherwise
in respect hereof, and no recourse under or upon any obligation, covenant or
agreement of the Company in the Debenture or any indenture supplemental thereto,
or in any note, or because of the creation of any indebtedness represented
thereby, shall be had against any incorporator, stockholder, officer or
director, as such, past, present or future, of the Company or of any successor
person, either directly or through the Company, whether by virtue of any
constitution, statute or rule of law or by the issue hereof, expressly waived
and released.

         IN WITNESS WHEREOF, the Company has caused this Debenture to be
executed under seal by its duly authorized officer as of the date set forth
above.

                                                                   WORLDWIDE WEB
                                                            NETWORX CORPORATION

                                                 Robert D. Kohn, President & CEO

                                       8
<PAGE>

                                    EXHIBIT A

WorldWide Web NetworX Corporation
3000 Atrium Was, Suite 202
Mt. Laurel, NJ 08054
(609) 627-6893 (fax)

         Re:   Conversion of Debenture

Gentlemen:

         The undersigned owner of this Debenture hereby irrevocably exercises
the option to convert the entire principal amount of this Debenture and any
accrued bu unpaid interest hereon, into Shares in accordance with the terms of
this Debenture, and directs that the Shares issuable and deliverable upon the
conversion be issued in the name and delivered to the undersigned unless a
different name has been indicated below. If Shares are to be issued in the name
of a person other than the undersigned, the undersigned will pay any transfer
taxes payable with respect thereto.

Date:
     ------------------------

                                   (Signature)

FILL IN FOR REGISTRATION OF SHARES

--------------------------  ---------------------------------------------------
(Printed Name)              (Social Security Number or other identifying number)

--------------------------  ---------------------------------------------------
(Printed Name)              (Social Security Number or other identifying number)

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

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

                                       9

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