Document:

THE SECURITIES  REPRESENTED BY THIS  CERTIFICATE  HAVE NOT BEEN REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED, (THE "SECURITIES ACT") OR THE SECURITIES
LAWS OF ANY STATE OF THE UNITED STATES.  THE SECURITIES  REPRESENTED HEREBY HAVE
BEEN ACQUIRED FOR INVESTMENT AND MAY NOT BE SOLD, TRANSFERRED, PLEDGED, ASSIGNED
OR OTHERWISE DISPOSED IN THE ABSENCE OF AN EFFECTIVE  REGISTRATION STATEMENT FOR
THE SECURITIES UNDER THE SECURITIES ACT OR AN OPINION, IF REQUESTED,  OF COUNSEL
SATISFACTORY  TO THE  COMPANY  THAT  REGISTRATION  IS  NOT  REQUIRED  UNDER  THE
SECURITIES ACT.

                    COMMON STOCK PURCHASE WARRANT CERTIFICATE

                           Dated: August 21, 2000

                  to Purchase 450,000 Shares of Common Stock of

                          CONTINENTAL CHOICE CARE, INC.

         CONTINENTAL   CHOICE  CARE,   INC.,  a  New  Jersey   corporation  (the
"Company"),  hereby certifies that Alvin S. Trenk and his Permitted  Assigns (as
defined herein) (collectively, the "Holder"), for value received, is entitled to
purchase  from  the  Company  at any time  commencing  on the  date  hereof  and
terminating  on the  Expiration  Date (as defined  herein) up to 450,000  shares
(each a "Share" and collectively the "Shares") of the Company's common stock, no
par value per share (the  "Common  Stock"),  at an  exercise  price of $3.00 per
Share (the "Exercise Price"). The number of Shares purchasable hereunder and the
Exercise Price are subject to adjustment as provided in Section 5 hereof.

         1.       Exercise of Warrants.

                  (a) Portions.  The rights to purchase the Shares shall vest in
five portions (each a "Portion"),  the "First Portion" being 56,250 Shares;  the
"Second Portion" being 56,250 Shares;  the "Third Portion" being 112,500 Shares;
the "Fourth Portion" being 112,500 Shares; and the "Fifth Portion" being 112,500
Shares.

                  (b)      Targets.

                           (i)      The First Portion shall be exercisable  upon
                                    the  Market   Capitalization   (as   defined
                                    herein)  being  equal  to  or  greater  than
                                    $63,750,000 (the "First Target");

                           (ii)     The Second Portion shall be exercisable upon
                                    the Market  Capitalization being equal to or
                                    greater  than   $143,750,000   (the  "Second
                                    Target");

                           (iii)    The Third Portion shall be exercisable  upon
                                    the Market  Capitalization being equal to or
                                    greater   than   $243,750,000   (the  "Third
                                    Target");

                           (iv)     The Fourth Portion shall be exercisable upon
                                    the Market  Capitalization being equal to or
                                    greater  than   $343,750,000   (the  "Fourth
                                    Target");

                           (v)      The Fifth Portion shall be exercisable  upon
                                    the Market  Capitalization being equal to or
                                    greater   than   $443,750,000   (the  "Fifth
                                    Target");  the First Target,  Second Target,
                                    Third   Target,   Fourth  Target  and  Fifth
                                    Target, each a "Target").

                  (c) Market Capitalization.  "Market Capitalization" shall mean
the lowest  Daily  Market  Value for a Trading  Day (as such  terms are  defined
herein)  during any period of twenty  consecutive  Trading  Days.  "Daily Market
Value"  shall be  computed  by  multiplying  (i) the  number  of  shares  of the
Company's then  outstanding  Common Stock,  plus the number of then  unexercised
Warrant Shares, plus the number of shares then reserved for issuance pursuant to
the Common Stock  Purchase  Warrant issued to Lazar & Company I.G., LLC pursuant
to the  Purchase  Agreement  dated June 7, 2000  between the Company and Lazar &
Company I.G.,  LLC (the  "Purchase  Agreement"),  plus the number of shares then
reserved for  issuance  pursuant to the Key  Employee  Warrants  other than this
Warrant,  plus the number of shares then  reserved for issuance  pursuant to the
Company's  Incentive Plan (as such  undefined  terms are defined in the Purchase
Agreement),  by (ii) (A) if the Common Stock is registered  under the Securities
Exchange Act of 1934, as amended (the  "Exchange  Act"),  the price at which the
Common  Stock was last sold on such  Trading  Day, in the  principal  securities
exchange or other  securities  market on which the Common  Stock is being traded
(or the  equivalent in an  over-the-counter  market),  or if no sale occurred on
such  Trading  Day,  the average of the last bid and asked prices of such Common
Stock, in the principal  securities exchange or other securities market on which
the Common  Stock is being  traded  (or the  equivalent  in an  over-the-counter
market),  or (B) if the Common Stock is not  registered  under the Exchange Act,
the value of the Common Stock as determined by an independent  financial  expert
mutually agreed upon by the Company and the Holder and, in the event the Company
and the  Holder  fail to so  mutually  agree  within 30 days  after  the  Holder
requests that a determination  of Market  Capitalization  hereunder be made, the
parties shall submit the selection of the  independent  financial  expert to the
American Arbitration Association for arbitration in New Jersey.

                  (d) Procedure.  Upon presentation and surrender of this Common
Stock Purchase Warrant Certificate ("Warrant Certificate"),  or Lost Certificate
Affidavit (as defined herein),  accompanied by a completed  Election to Purchase
in the form  attached  hereto as Exhibit A (the  "Election  to  Purchase")  duly
executed,  to the Company in accordance  with Section 10,  together with a check
payable to the Company in the amount of the  Exercise  Price  multiplied  by the
number of Shares being purchased,  the Company or the Company's  Transfer Agent,
as the case may be, shall, within two business days of receipt of the foregoing,
deliver  to the Holder  hereof,  certificates  of fully paid and  non-assessable
Common  Stock  which in the  aggregate  represent  the  number of  Shares  being
purchased;  provided, however, that the Holder may elect to utilize the cashless
exercise  provisions  set forth in Section 1(e) in lieu of tendering all or part
of the Exercise Price in cash. The  certificates  so delivered  shall be in such
denominations  as  may be  reasonably  requested  by the  Holder  and  shall  be
registered  in the name of the Holder or such other name as shall be  designated
by the Holder. All or less than all of the Warrants  represented by this Warrant
Certificate  or that may be exercised  with respect to a specific  Target may be
exercised  and, in case of the  exercise  of less than all,  the  Company,  upon
surrender  hereof,  will at the  Company's  expense  deliver to the Holder a new
Warrant  Certificate or Certificates (in such  denominations as may be requested
by the Holder) of like tenor and dated the date hereof  entitling  the Holder to
purchase the number of Shares represented by this Warrant Certificate which have
not been  exercised  and to receive all other  rights with respect to the Shares
which the Holder has on the date hereof.

                  (e) Cashless Exercise. Notwithstanding the foregoing provision
regarding  payment of the Exercise  Price in cash,  in lieu of tendering  all or
part of the Exercise Price in cash the Holder may:

                           (i) elect to pay all or part of the Exercise Price by
delivery  of shares of Common  Stock held by the Holder for at least six months,
in which case (A) the number of shares of Common Stock to be delivered  shall be
determined  by dividing the  aggregate  of the Exercise  Price for the number of
Shares  with  respect  to  which  the  Holder  elects  to pay all or part of the
Exercise  Price by delivery of shares of Common  Stock,  by the Market Value (as
defined herein) of one share of Common Stock, (B) such shares of Common Stock so
delivered  shall  be free and  clear  of all  liens  and  encumbrances,  and (C)
certificates  for such shares of Common  Stock shall be delivered to the Company
duly endorsed in blank for transfer; and/or

                           (ii) elect to pay all or part of the  Exercise  Price
by delivery of a promissory  note to the Company in the principal  amount of the
aggregate of the  Exercise  Price for the number of Shares with respect to which
the Holder  elects to pay all or part of the  Exercise  Price by  delivery  of a
promissory note;  provided,  the Company may not accept any such promissory note
as payment if the Board of  Directors  of the Company  determines  in good faith
that receipt of any such  promissory  note as payment would,  as a result of the
application thereto of generally accepted accounting principles, have a material
adverse  effect on the Company.  Each  promissory  note delivered to the Company
pursuant to this Section 1(e) shall be a  three-year,  full-recourse  note,  and
shall bear interest at a rate of 7% (compounded annually,  computed on the basis
of 360 days counting the actual number of days elapsed).

As used in this Section  (1)(e),  "Market  Value"  refers to the Current  Market
Value of the Common  Stock on the day before the  Election to Purchase  and this
Warrant  Certificate  are duly  surrendered to the Company for a full or partial
exercise hereof.

         2.  Expiration.  This  Warrant  shall  expire on August  20,  2005 (the
"Expiration Date"),  notwithstanding termination of the Holder's employment with
the Company prior thereto.

         3. Exchange, Transfer and Replacement.

                  (a) Exchange.  At any time prior to the exercise hereof,  this
Warrant  Certificate  may be exchanged  upon  presentation  and surrender to the
Company,  alone or with other  Warrant  Certificates  of like tenor of different
denominations  registered  in the name of the same Holder,  for another  Warrant
Certificate or Certificates of like tenor in the name of such Holder exercisable
for the aggregate  number of Shares as the Warrant  Certificate or  Certificates
surrendered.

                  (b)  Replacement  of  Warrant  Certificate.  Upon  receipt  of
evidence reasonably satisfactory to the Company of the loss, theft, destruction,
or  mutilation  of this Warrant  Certificate  and, in the case of any such loss,
theft,  or  destruction,  upon delivery of an indemnity  agreement of the Holder
reasonably satisfactory in form and amount to the Company (collectively, a "Lost
Certificate Affidavit"),  or, in the case of any such mutilation, upon surrender
and cancellation of this Warrant Certificate,  the Company, at its expense, will
execute and deliver in lieu thereof, a new Warrant Certificate of like tenor.

                  (c) Cancellation;  Payment of Expenses.  Upon the surrender of
this  Warrant   Certificate  in  connection  with  any  transfer,   exchange  or
replacement  as provided in this  Section 3, this Warrant  Certificate  shall be
promptly  canceled by the Company.  The Company  shall pay all taxes (other than
securities transfer taxes) and all other expenses (other than legal expenses, if
any,  incurred by the Holder or  transferees)  and charges payable in connection
with  the  preparation,  execution  and  delivery  of the  Warrant  Certificates
pursuant to this Section 3.

                  (d) Warrant  Register.  The  Company  shall  maintain,  at its
principal  executive  offices (or at the offices of the  transfer  agent for the
Warrant  Certificate  or such  other  office or agency of the  Company as it may
designate  by  notice  to the  holder  hereof),  a  register  for  this  Warrant
Certificate (the "Warrant Register"), in which the Company shall record the name
and  address  of the  person in whose  name this  Warrant  Certificate  has been
issued,  as well as the name and address of each Permitted Assign and each prior
Holder of this Warrant Certificate.

         4. Rights and Obligations of Holders of this Warrant  Certificate.  The
Holder of this Warrant  Certificate  shall not, by virtue hereof, be entitled to
any  rights  of a  shareholder  in the  Company,  either  at  law or in  equity;
provided,  however,  that upon  exercise  of some or all of the  Warrants,  such
Holder shall, for all purposes, be deemed to have become the Holder of record of
such Common Stock on the date on which this Warrant Certificate, together with a
duly executed Election to Purchase, was surrendered and payment of the aggregate
Exercise  Price was made,  irrespective  of the date of  delivery  of such share
certificate.

         5.       Adjustments.

                  (a)  Stock  Dividends,  Reclassifications,  Recapitalizations,
etc. In the event the  Company:  (i) pays a dividend in Common  Stock or makes a
distribution in Common Stock, (ii) subdivides its outstanding  Common Stock into
a greater number of shares,  (iii) combines its outstanding  Common Stock into a
smaller number of shares, or (iv) increases or decreases the number of shares of
Common Stock  outstanding by  reclassification  of its Common Stock (including a
recapitalization  in  connection  with a  consolidation  or  merger in which the
Company  is the  continuing  corporation),  then (A) the  Exercise  Price on the
record  date of such  dividend or  distribution  or the  effective  date of such
action shall be adjusted by multiplying  such Exercise Price by a fraction,  the
numerator  of  which  is the  number  of  shares  of  Common  Stock  outstanding
immediately  before  such  event and the  denominator  of which is the number of
shares of Common Stock  outstanding  immediately  after such event,  and (B) the
number of shares of Common  Stock  for which  this  Warrant  Certificate  may be
exercised  immediately  before such event shall be adjusted by multiplying  such
number by a fraction,  the numerator of which is the Exercise Price  immediately
before such event and the denominator of which is the Exercise Price immediately
after such event.

                  (b) Adjustments for Dividends in Stock or Other  Securities or
Property. If while this Warrant, or any portion hereof,  remains outstanding and
unexpired the holders of the securities as to which  purchase  rights under this
Warrant exist at the time shall have  received,  or, on or after the record date
fixed for the determination of eligible stockholders, shall have become entitled
to  receive,  without  payment  therefor,  other  or  additional  stock or other
securities or property (other than cash) of the Company by way of dividend, then
and in each case, this Warrant shall represent the right to acquire, in addition
to the  number  of shares  of the  security  receivable  upon  exercise  of this
Warrant,  and without  payment of any  additional  consideration  therefor,  the
amount of such other or additional  stock or other securities or property (other
than  cash) of the  Company  that  such  holder  would  hold on the date of such
exercise  had it been the  holder of record of the  securities  receivable  upon
exercise  of this  Warrant  on the date  hereof and had  thereafter,  during the
period from the date hereof to and including the date of such exercise, retained
such shares  and/or all other  additional  stock  available  to it as  aforesaid
during such  period,  giving  effect to all  adjustments  called for during such
period by the provisions of this Section 5.

                  (c)  Merger,  Sale of Assets,  etc.  If at any time while this
Warrant,  or any portion hereof, is outstanding and unexpired there shall be (i)
a  reorganization  (other  than a  combination,  reclassification,  exchange  or
subdivision  of  shares  otherwise  provided  for  herein),  (ii)  a  merger  or
consolidation  of the  Company  with or into  another  corporation  in which the
Company is not the surviving entity, or a reverse triangular merger in which the
Company is the surviving  entity but the shares of the  Company's  capital stock
outstanding  immediately  prior to the  merger  are  converted  by virtue of the
merger  into  other  property,  whether  in the  form of  securities,  cash,  or
otherwise,  or (iii) a sale or transfer of the Company's  properties  and assets
as, or  substantially  as, an entirety to any other  person,  then, as a part of
such reorganization,  merger, consolidation,  sale or transfer, lawful provision
shall be made so that the Holder of this Warrant shall thereafter be entitled to
receive upon exercise of this Warrant,  during the period  specified  herein and
upon payment of the Exercise Price then in effect, the number of shares of stock
or other securities or property of the successor corporation resulting from such
reorganization,  merger,  consolidation,  sale or transfer  that a holder of the
shares  deliverable  upon  exercise of this Warrant  would have been entitled to
receive in such reorganization,  consolidation, merger, sale or transfer if this
Warrant  had been  exercised  immediately  before such  reorganization,  merger,
consolidation,  sale or transfer,  all subject to further adjustment as provided
in this Section 5. The foregoing provisions of this Section 5(c) shall similarly
apply  to  successive  reorganizations,   consolidations,   mergers,  sales  and
transfers and to the stock or securities  of any other  corporation  that are at
the  time  receivable  upon  the  exercise  of this  Warrant.  If the per  share
consideration  payable to the Holder  hereof for shares in  connection  with any
such transaction is in a form other than cash or marketable securities, then the
value of such  consideration  shall be determined in good faith by the Company's
Board of Directors. In all events, appropriate adjustment (as determined in good
faith by the Company's  Board of Directors)  shall be made in the application of
the  provisions  of this Warrant with respect to the rights and interests of the
Holder after the  transaction,  to the end that the  provisions  of this Warrant
shall be applicable  after that event, as near as reasonably may be, in relation
to any shares or other  property  deliverable  after that event upon exercise of
this Warrant.

                  (d)  Adjustments  for Certain  Further  Issuances of Stock. If
while this Warrant, or any portion hereof, remains outstanding and unexpired the
Company  shall issue any shares of Common Stock or any  securities  convertible,
exchangeable  or  exercisable  for shares of Common  Stock (other than shares of
Common Stock or securities  exercisable for shares of Common Stock issuable upon
exercise  of this  Warrant or the Key  Employee  Warrants,  or  pursuant  to the
Incentive Plan),  then the Exercise Price applicable to any subsequent  exercise
of this Warrant  shall be adjusted by  multiplying  the  Exercise  Price then in
effect by a fraction,  the  numerator of which is the number of shares of Common
Stock and other securities  convertible,  exchangeable or exercisable for shares
of Common Stock outstanding immediately before such issuance and the denominator
of  which  is the  number  of  shares  of  Common  Stock  and  other  securities
convertible,  exchangeable or exercisable for shares of Common Stock outstanding
immediately  after such issuance,  giving effect to all  adjustments  called for
during such period by the provisions of this Section 5.

                  (e) No  Impairment.  The Company  will not,  by any  voluntary
action, avoid or seek to avoid the observance or performance of any of the terms
to be observed or performed  hereunder by the Company,  but will at all times in
good faith assist in the carrying  out of all the  provisions  of this Section 5
and in the taking of all such action as may be necessary or appropriate in order
to protect the rights of the Holder of this Warrant against impairment.

                  (f) Notice of  Adjustment.  Whenever the Exercise Price or the
number of shares of Common  Stock  and other  property,  if any,  issuable  upon
exercise  of the Warrant  Certificates  is  adjusted,  as herein  provided,  the
Company shall deliver to the Holders of the Warrant  Certificates  in accordance
with Section 10 a certificate of the Company's Chief  Financial  Officer setting
forth, in reasonable  detail,  the event requiring the adjustment and the method
by which such  adjustment  was  calculated and specifying the Exercise Price and
number of shares of Common Stock issuable upon exercise of Warrant  Certificates
after giving effect to such adjustment.

                  (g) Current Market Value.  "Current Market Value" per share of
Common  Stock or any other  security  at any date means (i) if the  security  is
registered  under the Exchange  Act, the average of the daily closing bid prices
(or the  equivalent  in an  over-the-counter  market)  for each day on which the
Common Stock is traded for any period on the  principal  securities  exchange or
other  securities  market on which the Common  Stock is being  traded  (each,  a
"Trading Day") during the period commencing eleven Trading Days before such date
and ending on the date one day prior to such date; provided, however that if the
closing bid price is not  determinable  for at least five  Trading  Days in such
period, the "Current Market Value" of the security shall be determined as if the
security were not registered  under the Exchange Act, or (ii) if the security is
not registered under the Exchange Act, (A) the value of the security, determined
in good faith by the Board of Directors of the Company and  certified in a board
resolution,  based  on the  most  recently  completed  arm's-length  transaction
between the Company and a person  other than an affiliate of the Company and the
closing of which occurs on such date or shall have occurred within the six-month
period  preceding such date, or (B) if no such  transaction  shall have occurred
within the  six-month  period,  the value of the  security as  determined  by an
independent  financial expert mutually agreed upon by the Company and the Holder
and, in the event the Company and the Holder fail to so mutually agree within 30
days after the date of the  requirement  to determine  the Current  Market Value
hereunder,  the parties shall submit the selection of the independent  financial
expert to the American Arbitration Association for arbitration in New Jersey.

         6. Notices of Certain  Events.  In case:  (i) the Company  shall take a
record of the holders of its Common Stock (or other stock or  securities  at the
time  receivable upon the exercise of this Warrant) for the purpose of entitling
them to receive any  dividend or other  distribution,  or any right to subscribe
for or purchase any shares of stock of any class or any other securities,  or to
receive any other right, or (ii) of any capital  reorganization  of the Company,
any  reclassification of the capital stock of the Company,  any consolidation or
merger of the Company with or into another corporation, or any conveyance of all
or  substantially  all of the assets of the Company to another  corporation,  or
(iii) of any voluntary  dissolution,  liquidation  or winding-up of the Company,
then,  and in each such case,  the Company will mail or cause to be delivered or
given in the  manner  provided  herein to the  Holder  of this  Warrant a notice
specifying,  as the case may be,  (A) the date of which a record  is to be taken
for the  purpose of such  dividend,  distribution  or right,  or (B) the date on
which such reorganization, reclassification,  consolidation, merger, conveyance,
dissolution, liquidation or winding-up is to take place, and the time, if any is
to be fixed, as of which the holders of record of Common Stock (or such stock or
securities at the time  receivable  upon the exercise of this Warrant)  shall be
entitled  to  exchange  their  shares of Common  Stock (or such  other  stock or
securities)   for   securities   or  other   property   deliverable   upon  such
reorganization,    reclassification,    consolidation,    merger,    conveyance,
dissolution,  liquidation or winding-up. Such notice shall be delivered or given
at least 15 days prior to the date therein specified.

         7. Issuance of  Certificates.  Within two business days of receipt of a
duly completed Election to Purchase,  together with this Warrant Certificate and
payment of the Exercise  Price,  the Company,  at its expense,  will cause to be
issued in the name of and delivered to the Holder of this Warrant, a certificate
or certificates for the number of fully paid and non-assessable shares of Common
Stock  to which  the  Holder  shall be  entitled  on such  exercise.  In lieu of
issuance of a fractional share upon any exercise hereunder, the Company will pay
the cash value of that fractional share, calculated on the basis of the Exercise
Price.  In the  event  the  shares  of  Common  Stock  underlying  this  Warrant
Certificate are not registered  under the Securities Act for resale under a then
effective registration statement, all such certificates shall bear a restrictive
legend to the effect that the Shares  represented by such  certificate  have not
been registered under the Securities Act, and that the Shares may not be sold or
transferred in the absence of such registration or an exemption therefrom,  such
legend to be  substantially in the form of the bold-face  language  appearing at
the top of Page 1 of this Warrant  Certificate.  Where  applicable,  the Company
shall remove such legends so as to  facilitate  the transfer of such  securities
pursuant  to an  effective  registration  statement  or,  if and  to the  extent
applicable, pursuant to Rule 144 under the Securities Act, provided (in the case
of Rule 144 transfers)  that the Holder has provided such  documentation  as the
Company and its transfer agent shall reasonably require in connection therewith.
In the event that unlegended certificates have been delivered to a Holder, and a
previously  effective  registration  statement  with  respect to the  underlying
securities  is no  longer  effective  and  the  underlying  securities  are  not
otherwise freely transferable,  the Holder shall return such certificates to the
Company in  exchange  for  legended  certificates  of like tenor  within 10 days
following the written request therefor by the Company.

         8.  Reservation  of Stock.  The Company  covenants that during the term
this Warrant is  exercisable,  the Company will reserve from its  authorized and
unissued Common Stock a sufficient  number of shares to provide for the issuance
of Common Stock upon the exercise of this Warrant and,  from time to time,  will
take all steps  necessary to amend its Certificate of  Incorporation  to provide
sufficient  reserves of shares of Common Stock  issuable  upon  exercise of this
Warrant.  The Company further  covenants that all shares that may be issued upon
the exercise of the rights  represented  by this Warrant will,  upon exercise of
the rights represented by this Warrant and payment of the Exercise Price, all as
set forth  herein,  be free from all taxes,  liens and charges in respect of the
issue  thereof   (other  than  taxes  in  respect  of  any  transfer   occurring
contemporaneously  or otherwise  specified herein).  The Company agrees 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 shares of Common  Stock upon any  exercise  of this
Warrant.

         9.  Disposition  of  Warrants  or Shares.  The  Holder of this  Warrant
Certificate,  and  each  holder  and  transferee  of any  Shares,  by his or its
acceptance  thereof,  agrees that no public  distribution  of Warrants or Shares
will  be  made  in  violation  of the  provisions  of the  Securities  Act.  Any
transferee  shall acquire the Warrants  subject to all of the relevant terms and
conditions contained in this Warrant Certificate.

         10.      Notices.

                  (a)  All  demands,  notices,  and  communications  ("notices")
provided for in this Warrant  Certificate  will be in writing and will be either
personally  delivered,  mailed by registered or certified  mail (return  receipt
requested) or sent by reputable  overnight  courier  service  (delivery  charges
prepaid) to any party at the address specified below, or at such address, to the
attention of such other Person, and with such other copy, as the recipient party
has  specified  by prior  written  notice to the sending  party  pursuant to the
provisions of this Section 10.

             If to the Holder:
             -----------------

             Alvin S. Trenk
             c/o Continental Choice Care, Inc.
             44 Aspen Drive
             Livingston, New Jersey 07039

             If to the Company:
             ------------------

             Continental Choice Care, Inc.
             44 Aspen Drive
             Livingston, New Jersey  07039
             Attention:  President

             with a copy, which will not constitute notice to the Company, to:
             -----------------------------------------------------------------

             Pitney, Hardin, Kipp & Szuch LLP
             200 Campus Drive
             P.O. Box 1945
             Morristown, New Jersey  07962-1945
             Attention:  Joseph Lunin
             Facsimile Number:  (973) 966-1550

                  (b) Any such  notice  will be deemed to have been  given  when
delivered  personally,  on the third business day after deposit postage pre-paid
in the  U.S.  mail,  or on the  business  day  after  deposit  with a  reputable
overnight courier service delivery charges pre-paid, as the case may be.

         11.  Governing  Law. This Warrant  Certificate  will be governed by and
construed  in  accordance  with the  domestic  laws of the State of New  Jersey,
without giving effect to any choice of law or conflict rule of any  jurisdiction
that  would  cause  the  laws  of  any  other  jurisdiction  to be  applied.  In
furtherance of the  foregoing,  the internal law of the State of New Jersey will
control the interpretation and construction of this Warrant Certificate, even if
under any choice of law or conflict of law analysis, the substantive law of some
other jurisdiction would ordinarily apply.

         12. Jurisdiction. Each of the parties hereby (a) irrevocably submits to
the  exclusive  jurisdiction  of the state  courts  of, and the  federal  courts
located in, the State of New Jersey in any action or  proceeding  arising out of
or relating to, this Warrant  Certificate,  (b) waives, and agrees to assert, by
way of  motion,  as a  defense,  or  otherwise,  in any  such  suit,  action  or
proceeding,  any claim that it is not subject  personally to the jurisdiction of
the above-named courts, that its property is exempt or immune from attachment or
execution  under  the law of  another  jurisdiction,  that the  suit,  action or
proceeding  is brought  in an  inconvenient  forum,  that the venue of the suit,
action or proceeding is improper or that this Warrant Certificate or the subject
matter  hereof may not be enforced in or by such court,  and agrees not to seek,
any review by any court of any other  jurisdiction  which may be called  upon to
grant an enforcement of the judgment of any such court.

         13. Successors and Assigns.  This Warrant  Certificate shall be binding
upon and shall inure to the benefit of the parties  hereto and their  respective
successors and Permitted Assigns.

         14. Severability.  If any provision of this Warrant Certificate is held
to be unenforceable  under applicable law, such provision shall be excluded from
this Warrant Certificate, and the balance hereof shall be interpreted as if such
provision were so excluded.

         15. Modification and Waiver. This Warrant Certificate and any provision
hereof may be amended, waived, discharged or terminated only by an instrument in
writing signed by the Company and the Holder.

         16. Specific  Enforcement.  The Company and the Holder  acknowledge and
agree  that  irreparable  damage  would  occur  in  the  event  that  any of the
provisions of this Warrant  Certificate  were not  performed in accordance  with
their specific terms or were otherwise  breached.  It is accordingly agreed that
the parties shall be entitled to an injunction or injunctions to prevent or cure
breaches  of  the  provisions  of  this  Warrant   Certificate  and  to  enforce
specifically  the terms and  provisions  hereof,  this being in  addition to any
other remedy to which either of them may be entitled by law or equity.

         17.  Assignment.  This Warrant  Certificate  may not be  transferred or
assigned,  in whole or in part, at any time,  except to (i)  Alvin S. Trenk,  a
member of his immediate family or a trust for the benefit of same, or any entity
controlled by any of the foregoing,  or (ii) to any  third-party  with the prior
written  consent  of the  Company,  which  consent  shall  not  be  unreasonably
withheld;  so long as such  individual or entity acquires the Warrant subject to
this provision  ("Permitted  Assign").  Assignment to a Permitted  Assign can be
effected by the Holder's submission of this Warrant to the Company together with
a duly executed  Assignment in substantially  the form and substance of the Form
of Assignment which accompanies this Warrant Certificate and, upon the Company's
receipt hereof,  and in any event,  within three business days  thereafter,  the
Company shall issue a Warrant Certificate to the Holder to evidence that portion
of this Warrant  Certificate,  if any as shall not have been so  transferred  or
assigned.

         IN WITNESS WHEREOF,  the Company has caused this Warrant Certificate to
be duly  executed,  manually or by facsimile,  by one of its officers  thereunto
duly authorized.

                                       CONTINENTAL CHOICE CARE, INC.

Date: August 21, 2000                  By:  STEVEN L. TRENK
     ----------------------               --------------------------------------
                                     Name:  Steven L. Trenk
                                    Title:  President

<PAGE>

                              ELECTION TO PURCHASE
              To Be Executed by the Holder in Order to Exercise the
                    Common Stock Purchase Warrant Certificate

         The  undersigned  Holder  hereby  elects  to  exercise  _______  of the
Warrants  represented by the attached Common Stock Purchase Warrant Certificate,
and to purchase  the shares of Common Stock  issuable  upon the exercise of such
Warrants,  and requests that  certificates  for securities be issued in the name
of:

                  ---------------------------------------------
                     (Please type or print name and address)
                  ---------------------------------------------

                 (Social Security or Tax Identification Number)

and delivered to:
          --------------------------------------------------------------
         (Please type or print name and address if different from above)

If such number of Warrants being exercised  hereby shall not be all the Warrants
evidenced  by the attached  Common Stock  Purchase  Warrant  Certificate,  a new
Common Stock Purchase Warrant Certificate for the balance of such Warrants shall
be  registered  in the name of, and  delivered to, the Holder at the address set
forth below.

         [In full  payment of the  purchase  price with  respect to the Warrants
exercised and transfer taxes, if any, the undersigned  hereby tenders payment of
$______________  by check, money order or wire transfer payable in United States
currency to the order of  CONTINENTAL  CHOICE  CARE,  INC.] or [The  undersigned
elects  cashless  exercise in  accordance  with Section 1(e) of the Common Stock
Purchase Warrant Certificate.]

                                     HOLDER:

Dated:                               By:
       -------------                    ----------------------------------------
                                     Name:
                                     Title:
                                     Address:

<PAGE>

                               FORM OF ASSIGNMENT

                   (To be signed only on transfer of Warrant)

For value received,  the undersigned hereby sells,  assigns,  and transfers unto
_______________  the  right  represented  by  the  within  Warrant  to  purchase
____________  shares of Common Stock of  CONTINENTAL  CHOICE  CARE,  INC., a New
Jersey  corporation,   to  which  the  within  Warrant  relates,   and  appoints
_____________ Attorney to transfer such right on the books of CONTINENTAL CHOICE
CARE,  INC.,  a New  Jersey  corporation,  with full  power of  substitution  of
premises.

Dated:                              By:
       -------------                   -----------------------------------------
                                    Name:
                                    Title:
                                    (signature must conform to
                                    name of holder as specified on
                                    the fact of the Warrant)

                                    Address:

Signed in the presence of:THE SECURITIES  REPRESENTED BY THIS  CERTIFICATE  HAVE NOT BEEN REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED, (THE "SECURITIES ACT") OR THE SECURITIES
LAWS OF ANY STATE OF THE UNITED STATES.  THE SECURITIES  REPRESENTED HEREBY HAVE
BEEN ACQUIRED FOR INVESTMENT AND MAY NOT BE SOLD, TRANSFERRED, PLEDGED, ASSIGNED
OR OTHERWISE DISPOSED IN THE ABSENCE OF AN EFFECTIVE  REGISTRATION STATEMENT FOR
THE SECURITIES UNDER THE SECURITIES ACT OR AN OPINION, IF REQUESTED,  OF COUNSEL
SATISFACTORY  TO THE  COMPANY  THAT  REGISTRATION  IS  NOT  REQUIRED  UNDER  THE
SECURITIES ACT.

                    COMMON STOCK PURCHASE WARRANT CERTIFICATE

                           Dated: August 21, 2000

                  to Purchase 450,000 Shares of Common Stock of

                          CONTINENTAL CHOICE CARE, INC.

         CONTINENTAL   CHOICE  CARE,   INC.,  a  New  Jersey   corporation  (the
"Company"),  hereby certifies that Steven L. Trenk and his Permitted Assigns (as
defined herein) (collectively, the "Holder"), for value received, is entitled to
purchase  from  the  Company  at any time  commencing  on the  date  hereof  and
terminating  on the  Expiration  Date (as defined  herein) up to 450,000  shares
(each a "Share" and collectively the "Shares") of the Company's common stock, no
par value per share (the  "Common  Stock"),  at an  exercise  price of $3.00 per
Share (the "Exercise Price"). The number of Shares purchasable hereunder and the
Exercise Price are subject to adjustment as provided in Section 5 hereof.

         1.       Exercise of Warrants.

                  (a) Portions.  The rights to purchase the Shares shall vest in
five portions (each a "Portion"),  the "First Portion" being 56,250 Shares;  the
"Second Portion" being 56,250 Shares;  the "Third Portion" being 112,500 Shares;
the "Fourth Portion" being 112,500 Shares; and the "Fifth Portion" being 112,500
Shares.

                  (b)      Targets.

                           (i)      The First Portion shall be exercisable  upon
                                    the  Market   Capitalization   (as   defined
                                    herein)  being  equal  to  or  greater  than
                                    $63,750,000 (the "First Target");

                           (ii)     The Second Portion shall be exercisable upon
                                    the Market  Capitalization being equal to or
                                    greater  than   $143,750,000   (the  "Second
                                    Target");

                           (iii)    The Third Portion shall be exercisable  upon
                                    the Market  Capitalization being equal to or
                                    greater   than   $243,750,000   (the  "Third
                                    Target");

                           (iv)     The Fourth Portion shall be exercisable upon
                                    the Market  Capitalization being equal to or
                                    greater  than   $343,750,000   (the  "Fourth
                                    Target");

                           (v)      The Fifth Portion shall be exercisable  upon
                                    the Market  Capitalization being equal to or
                                    greater   than   $443,750,000   (the  "Fifth
                                    Target");  the First Target,  Second Target,
                                    Third   Target,   Fourth  Target  and  Fifth
                                    Target, each a "Target").

                  (c) Market Capitalization.  "Market Capitalization" shall mean
the lowest  Daily  Market  Value for a Trading  Day (as such  terms are  defined
herein)  during any period of twenty  consecutive  Trading  Days.  "Daily Market
Value"  shall be  computed  by  multiplying  (i) the  number  of  shares  of the
Company's then  outstanding  Common Stock,  plus the number of then  unexercised
Warrant Shares, plus the number of shares then reserved for issuance pursuant to
the Common Stock  Purchase  Warrant issued to Lazar & Company I.G., LLC pursuant
to the  Purchase  Agreement  dated June 7, 2000  between the Company and Lazar &
Company I.G.,  LLC (the  "Purchase  Agreement"),  plus the number of shares then
reserved for  issuance  pursuant to the Key  Employee  Warrants  other than this
Warrant,  plus the number of shares then  reserved for issuance  pursuant to the
Company's  Incentive Plan (as such  undefined  terms are defined in the Purchase
Agreement),  by (ii) (A) if the Common Stock is registered  under the Securities
Exchange Act of 1934, as amended (the  "Exchange  Act"),  the price at which the
Common  Stock was last sold on such  Trading  Day, in the  principal  securities
exchange or other  securities  market on which the Common  Stock is being traded
(or the  equivalent in an  over-the-counter  market),  or if no sale occurred on
such  Trading  Day,  the average of the last bid and asked prices of such Common
Stock, in the principal  securities exchange or other securities market on which
the Common  Stock is being  traded  (or the  equivalent  in an  over-the-counter
market),  or (B) if the Common Stock is not  registered  under the Exchange Act,
the value of the Common Stock as determined by an independent  financial  expert
mutually agreed upon by the Company and the Holder and, in the event the Company
and the  Holder  fail to so  mutually  agree  within 30 days  after  the  Holder
requests that a determination  of Market  Capitalization  hereunder be made, the
parties shall submit the selection of the  independent  financial  expert to the
American Arbitration Association for arbitration in New Jersey.

                  (d) Procedure.  Upon presentation and surrender of this Common
Stock Purchase Warrant Certificate ("Warrant Certificate"),  or Lost Certificate
Affidavit (as defined herein),  accompanied by a completed  Election to Purchase
in the form  attached  hereto as Exhibit A (the  "Election  to  Purchase")  duly
executed,  to the Company in accordance  with Section 10,  together with a check
payable to the Company in the amount of the  Exercise  Price  multiplied  by the
number of Shares being purchased,  the Company or the Company's  Transfer Agent,
as the case may be, shall, within two business days of receipt of the foregoing,
deliver  to the Holder  hereof,  certificates  of fully paid and  non-assessable
Common  Stock  which in the  aggregate  represent  the  number of  Shares  being
purchased;  provided, however, that the Holder may elect to utilize the cashless
exercise  provisions  set forth in Section 1(e) in lieu of tendering all or part
of the Exercise Price in cash. The  certificates  so delivered  shall be in such
denominations  as  may be  reasonably  requested  by the  Holder  and  shall  be
registered  in the name of the Holder or such other name as shall be  designated
by the Holder. All or less than all of the Warrants  represented by this Warrant
Certificate  or that may be exercised  with respect to a specific  Target may be
exercised  and, in case of the  exercise  of less than all,  the  Company,  upon
surrender  hereof,  will at the  Company's  expense  deliver to the Holder a new
Warrant  Certificate or Certificates (in such  denominations as may be requested
by the Holder) of like tenor and dated the date hereof  entitling  the Holder to
purchase the number of Shares represented by this Warrant Certificate which have
not been  exercised  and to receive all other  rights with respect to the Shares
which the Holder has on the date hereof.

                  (e) Cashless Exercise. Notwithstanding the foregoing provision
regarding  payment of the Exercise  Price in cash,  in lieu of tendering  all or
part of the Exercise Price in cash the Holder may:

                           (i) elect to pay all or part of the Exercise Price by
delivery  of shares of Common  Stock held by the Holder for at least six months,
in which case (A) the number of shares of Common Stock to be delivered  shall be
determined  by dividing the  aggregate  of the Exercise  Price for the number of
Shares  with  respect  to  which  the  Holder  elects  to pay all or part of the
Exercise  Price by delivery of shares of Common  Stock,  by the Market Value (as
defined herein) of one share of Common Stock, (B) such shares of Common Stock so
delivered  shall  be free and  clear  of all  liens  and  encumbrances,  and (C)
certificates  for such shares of Common  Stock shall be delivered to the Company
duly endorsed in blank for transfer; and/or

                           (ii) elect to pay all or part of the  Exercise  Price
by delivery of a promissory  note to the Company in the principal  amount of the
aggregate of the  Exercise  Price for the number of Shares with respect to which
the Holder  elects to pay all or part of the  Exercise  Price by  delivery  of a
promissory note;  provided,  the Company may not accept any such promissory note
as payment if the Board of  Directors  of the Company  determines  in good faith
that receipt of any such  promissory  note as payment would,  as a result of the
application thereto of generally accepted accounting principles, have a material
adverse  effect on the Company.  Each  promissory  note delivered to the Company
pursuant to this Section 1(e) shall be a  three-year,  full-recourse  note,  and
shall bear interest at a rate of 7% (compounded annually,  computed on the basis
of 360 days counting the actual number of days elapsed).

As used in this Section  (1)(e),  "Market  Value"  refers to the Current  Market
Value of the Common  Stock on the day before the  Election to Purchase  and this
Warrant  Certificate  are duly  surrendered to the Company for a full or partial
exercise hereof.

         2.  Expiration.  This  Warrant  shall  expire on August  20,  2005 (the
"Expiration Date"),  notwithstanding termination of the Holder's employment with
the Company prior thereto.

         3. Exchange, Transfer and Replacement.

                  (a) Exchange.  At any time prior to the exercise hereof,  this
Warrant  Certificate  may be exchanged  upon  presentation  and surrender to the
Company,  alone or with other  Warrant  Certificates  of like tenor of different
denominations  registered  in the name of the same Holder,  for another  Warrant
Certificate or Certificates of like tenor in the name of such Holder exercisable
for the aggregate  number of Shares as the Warrant  Certificate or  Certificates
surrendered.

                  (b)  Replacement  of  Warrant  Certificate.  Upon  receipt  of
evidence reasonably satisfactory to the Company of the loss, theft, destruction,
or  mutilation  of this Warrant  Certificate  and, in the case of any such loss,
theft,  or  destruction,  upon delivery of an indemnity  agreement of the Holder
reasonably satisfactory in form and amount to the Company (collectively, a "Lost
Certificate Affidavit"),  or, in the case of any such mutilation, upon surrender
and cancellation of this Warrant Certificate,  the Company, at its expense, will
execute and deliver in lieu thereof, a new Warrant Certificate of like tenor.

                  (c) Cancellation;  Payment of Expenses.  Upon the surrender of
this  Warrant   Certificate  in  connection  with  any  transfer,   exchange  or
replacement  as provided in this  Section 3, this Warrant  Certificate  shall be
promptly  canceled by the Company.  The Company  shall pay all taxes (other than
securities transfer taxes) and all other expenses (other than legal expenses, if
any,  incurred by the Holder or  transferees)  and charges payable in connection
with  the  preparation,  execution  and  delivery  of the  Warrant  Certificates
pursuant to this Section 3.

                  (d) Warrant  Register.  The  Company  shall  maintain,  at its
principal  executive  offices (or at the offices of the  transfer  agent for the
Warrant  Certificate  or such  other  office or agency of the  Company as it may
designate  by  notice  to the  holder  hereof),  a  register  for  this  Warrant
Certificate (the "Warrant Register"), in which the Company shall record the name
and  address  of the  person in whose  name this  Warrant  Certificate  has been
issued,  as well as the name and address of each Permitted Assign and each prior
Holder of this Warrant Certificate.

         4. Rights and Obligations of Holders of this Warrant  Certificate.  The
Holder of this Warrant  Certificate  shall not, by virtue hereof, be entitled to
any  rights  of a  shareholder  in the  Company,  either  at  law or in  equity;
provided,  however,  that upon  exercise  of some or all of the  Warrants,  such
Holder shall, for all purposes, be deemed to have become the Holder of record of
such Common Stock on the date on which this Warrant Certificate, together with a
duly executed Election to Purchase, was surrendered and payment of the aggregate
Exercise  Price was made,  irrespective  of the date of  delivery  of such share
certificate.

         5.       Adjustments.

                  (a)  Stock  Dividends,  Reclassifications,  Recapitalizations,
etc. In the event the  Company:  (i) pays a dividend in Common  Stock or makes a
distribution in Common Stock, (ii) subdivides its outstanding  Common Stock into
a greater number of shares,  (iii) combines its outstanding  Common Stock into a
smaller number of shares, or (iv) increases or decreases the number of shares of
Common Stock  outstanding by  reclassification  of its Common Stock (including a
recapitalization  in  connection  with a  consolidation  or  merger in which the
Company  is the  continuing  corporation),  then (A) the  Exercise  Price on the
record  date of such  dividend or  distribution  or the  effective  date of such
action shall be adjusted by multiplying  such Exercise Price by a fraction,  the
numerator  of  which  is the  number  of  shares  of  Common  Stock  outstanding
immediately  before  such  event and the  denominator  of which is the number of
shares of Common Stock  outstanding  immediately  after such event,  and (B) the
number of shares of Common  Stock  for which  this  Warrant  Certificate  may be
exercised  immediately  before such event shall be adjusted by multiplying  such
number by a fraction,  the numerator of which is the Exercise Price  immediately
before such event and the denominator of which is the Exercise Price immediately
after such event.

                  (b) Adjustments for Dividends in Stock or Other  Securities or
Property. If while this Warrant, or any portion hereof,  remains outstanding and
unexpired the holders of the securities as to which  purchase  rights under this
Warrant exist at the time shall have  received,  or, on or after the record date
fixed for the determination of eligible stockholders, shall have become entitled
to  receive,  without  payment  therefor,  other  or  additional  stock or other
securities or property (other than cash) of the Company by way of dividend, then
and in each case, this Warrant shall represent the right to acquire, in addition
to the  number  of shares  of the  security  receivable  upon  exercise  of this
Warrant,  and without  payment of any  additional  consideration  therefor,  the
amount of such other or additional  stock or other securities or property (other
than  cash) of the  Company  that  such  holder  would  hold on the date of such
exercise  had it been the  holder of record of the  securities  receivable  upon
exercise  of this  Warrant  on the date  hereof and had  thereafter,  during the
period from the date hereof to and including the date of such exercise, retained
such shares  and/or all other  additional  stock  available  to it as  aforesaid
during such  period,  giving  effect to all  adjustments  called for during such
period by the provisions of this Section 5.

                  (c)  Merger,  Sale of Assets,  etc.  If at any time while this
Warrant,  or any portion hereof, is outstanding and unexpired there shall be (i)
a  reorganization  (other  than a  combination,  reclassification,  exchange  or
subdivision  of  shares  otherwise  provided  for  herein),  (ii)  a  merger  or
consolidation  of the  Company  with or into  another  corporation  in which the
Company is not the surviving entity, or a reverse triangular merger in which the
Company is the surviving  entity but the shares of the  Company's  capital stock
outstanding  immediately  prior to the  merger  are  converted  by virtue of the
merger  into  other  property,  whether  in the  form of  securities,  cash,  or
otherwise,  or (iii) a sale or transfer of the Company's  properties  and assets
as, or  substantially  as, an entirety to any other  person,  then, as a part of
such reorganization,  merger, consolidation,  sale or transfer, lawful provision
shall be made so that the Holder of this Warrant shall thereafter be entitled to
receive upon exercise of this Warrant,  during the period  specified  herein and
upon payment of the Exercise Price then in effect, the number of shares of stock
or other securities or property of the successor corporation resulting from such
reorganization,  merger,  consolidation,  sale or transfer  that a holder of the
shares  deliverable  upon  exercise of this Warrant  would have been entitled to
receive in such reorganization,  consolidation, merger, sale or transfer if this
Warrant  had been  exercised  immediately  before such  reorganization,  merger,
consolidation,  sale or transfer,  all subject to further adjustment as provided
in this Section 5. The foregoing provisions of this Section 5(c) shall similarly
apply  to  successive  reorganizations,   consolidations,   mergers,  sales  and
transfers and to the stock or securities  of any other  corporation  that are at
the  time  receivable  upon  the  exercise  of this  Warrant.  If the per  share
consideration  payable to the Holder  hereof for shares in  connection  with any
such transaction is in a form other than cash or marketable securities, then the
value of such  consideration  shall be determined in good faith by the Company's
Board of Directors. In all events, appropriate adjustment (as determined in good
faith by the Company's  Board of Directors)  shall be made in the application of
the  provisions  of this Warrant with respect to the rights and interests of the
Holder after the  transaction,  to the end that the  provisions  of this Warrant
shall be applicable  after that event, as near as reasonably may be, in relation
to any shares or other  property  deliverable  after that event upon exercise of
this Warrant.

                  (d)  Adjustments  for Certain  Further  Issuances of Stock. If
while this Warrant, or any portion hereof, remains outstanding and unexpired the
Company  shall issue any shares of Common Stock or any  securities  convertible,
exchangeable  or  exercisable  for shares of Common  Stock (other than shares of
Common Stock or securities  exercisable for shares of Common Stock issuable upon
exercise  of this  Warrant or the Key  Employee  Warrants,  or  pursuant  to the
Incentive Plan),  then the Exercise Price applicable to any subsequent  exercise
of this Warrant  shall be adjusted by  multiplying  the  Exercise  Price then in
effect by a fraction,  the  numerator of which is the number of shares of Common
Stock and other securities  convertible,  exchangeable or exercisable for shares
of Common Stock outstanding immediately before such issuance and the denominator
of  which  is the  number  of  shares  of  Common  Stock  and  other  securities
convertible,  exchangeable or exercisable for shares of Common Stock outstanding
immediately  after such issuance,  giving effect to all  adjustments  called for
during such period by the provisions of this Section 5.

                  (e) No  Impairment.  The Company  will not,  by any  voluntary
action, avoid or seek to avoid the observance or performance of any of the terms
to be observed or performed  hereunder by the Company,  but will at all times in
good faith assist in the carrying  out of all the  provisions  of this Section 5
and in the taking of all such action as may be necessary or appropriate in order
to protect the rights of the Holder of this Warrant against impairment.

                  (f) Notice of  Adjustment.  Whenever the Exercise Price or the
number of shares of Common  Stock  and other  property,  if any,  issuable  upon
exercise  of the Warrant  Certificates  is  adjusted,  as herein  provided,  the
Company shall deliver to the Holders of the Warrant  Certificates  in accordance
with Section 10 a certificate of the Company's Chief  Financial  Officer setting
forth, in reasonable  detail,  the event requiring the adjustment and the method
by which such  adjustment  was  calculated and specifying the Exercise Price and
number of shares of Common Stock issuable upon exercise of Warrant  Certificates
after giving effect to such adjustment.

                  (g) Current Market Value.  "Current Market Value" per share of
Common  Stock or any other  security  at any date means (i) if the  security  is
registered  under the Exchange  Act, the average of the daily closing bid prices
(or the  equivalent  in an  over-the-counter  market)  for each day on which the
Common Stock is traded for any period on the  principal  securities  exchange or
other  securities  market on which the Common  Stock is being  traded  (each,  a
"Trading Day") during the period commencing eleven Trading Days before such date
and ending on the date one day prior to such date; provided, however that if the
closing bid price is not  determinable  for at least five  Trading  Days in such
period, the "Current Market Value" of the security shall be determined as if the
security were not registered  under the Exchange Act, or (ii) if the security is
not registered under the Exchange Act, (A) the value of the security, determined
in good faith by the Board of Directors of the Company and  certified in a board
resolution,  based  on the  most  recently  completed  arm's-length  transaction
between the Company and a person  other than an affiliate of the Company and the
closing of which occurs on such date or shall have occurred within the six-month
period  preceding such date, or (B) if no such  transaction  shall have occurred
within the  six-month  period,  the value of the  security as  determined  by an
independent  financial expert mutually agreed upon by the Company and the Holder
and, in the event the Company and the Holder fail to so mutually agree within 30
days after the date of the  requirement  to determine  the Current  Market Value
hereunder,  the parties shall submit the selection of the independent  financial
expert to the American Arbitration Association for arbitration in New Jersey.

         6. Notices of Certain  Events.  In case:  (i) the Company  shall take a
record of the holders of its Common Stock (or other stock or  securities  at the
time  receivable upon the exercise of this Warrant) for the purpose of entitling
them to receive any  dividend or other  distribution,  or any right to subscribe
for or purchase any shares of stock of any class or any other securities,  or to
receive any other right, or (ii) of any capital  reorganization  of the Company,
any  reclassification of the capital stock of the Company,  any consolidation or
merger of the Company with or into another corporation, or any conveyance of all
or  substantially  all of the assets of the Company to another  corporation,  or
(iii) of any voluntary  dissolution,  liquidation  or winding-up of the Company,
then,  and in each such case,  the Company will mail or cause to be delivered or
given in the  manner  provided  herein to the  Holder  of this  Warrant a notice
specifying,  as the case may be,  (A) the date of which a record  is to be taken
for the  purpose of such  dividend,  distribution  or right,  or (B) the date on
which such reorganization, reclassification,  consolidation, merger, conveyance,
dissolution, liquidation or winding-up is to take place, and the time, if any is
to be fixed, as of which the holders of record of Common Stock (or such stock or
securities at the time  receivable  upon the exercise of this Warrant)  shall be
entitled  to  exchange  their  shares of Common  Stock (or such  other  stock or
securities)   for   securities   or  other   property   deliverable   upon  such
reorganization,    reclassification,    consolidation,    merger,    conveyance,
dissolution,  liquidation or winding-up. Such notice shall be delivered or given
at least 15 days prior to the date therein specified.

         7. Issuance of  Certificates.  Within two business days of receipt of a
duly completed Election to Purchase,  together with this Warrant Certificate and
payment of the Exercise  Price,  the Company,  at its expense,  will cause to be
issued in the name of and delivered to the Holder of this Warrant, a certificate
or certificates for the number of fully paid and non-assessable shares of Common
Stock  to which  the  Holder  shall be  entitled  on such  exercise.  In lieu of
issuance of a fractional share upon any exercise hereunder, the Company will pay
the cash value of that fractional share, calculated on the basis of the Exercise
Price.  In the  event  the  shares  of  Common  Stock  underlying  this  Warrant
Certificate are not registered  under the Securities Act for resale under a then
effective registration statement, all such certificates shall bear a restrictive
legend to the effect that the Shares  represented by such  certificate  have not
been registered under the Securities Act, and that the Shares may not be sold or
transferred in the absence of such registration or an exemption therefrom,  such
legend to be  substantially in the form of the bold-face  language  appearing at
the top of Page 1 of this Warrant  Certificate.  Where  applicable,  the Company
shall remove such legends so as to  facilitate  the transfer of such  securities
pursuant  to an  effective  registration  statement  or,  if and  to the  extent
applicable, pursuant to Rule 144 under the Securities Act, provided (in the case
of Rule 144 transfers)  that the Holder has provided such  documentation  as the
Company and its transfer agent shall reasonably require in connection therewith.
In the event that unlegended certificates have been delivered to a Holder, and a
previously  effective  registration  statement  with  respect to the  underlying
securities  is no  longer  effective  and  the  underlying  securities  are  not
otherwise freely transferable,  the Holder shall return such certificates to the
Company in  exchange  for  legended  certificates  of like tenor  within 10 days
following the written request therefor by the Company.

         8.  Reservation  of Stock.  The Company  covenants that during the term
this Warrant is  exercisable,  the Company will reserve from its  authorized and
unissued Common Stock a sufficient  number of shares to provide for the issuance
of Common Stock upon the exercise of this Warrant and,  from time to time,  will
take all steps  necessary to amend its Certificate of  Incorporation  to provide
sufficient  reserves of shares of Common Stock  issuable  upon  exercise of this
Warrant.  The Company further  covenants that all shares that may be issued upon
the exercise of the rights  represented  by this Warrant will,  upon exercise of
the rights represented by this Warrant and payment of the Exercise Price, all as
set forth  herein,  be free from all taxes,  liens and charges in respect of the
issue  thereof   (other  than  taxes  in  respect  of  any  transfer   occurring
contemporaneously  or otherwise  specified herein).  The Company agrees 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 shares of Common  Stock upon any  exercise  of this
Warrant.

         9.  Disposition  of  Warrants  or Shares.  The  Holder of this  Warrant
Certificate,  and  each  holder  and  transferee  of any  Shares,  by his or its
acceptance  thereof,  agrees that no public  distribution  of Warrants or Shares
will  be  made  in  violation  of the  provisions  of the  Securities  Act.  Any
transferee  shall acquire the Warrants  subject to all of the relevant terms and
conditions contained in this Warrant Certificate.

         10.      Notices.

                  (a)  All  demands,  notices,  and  communications  ("notices")
provided for in this Warrant  Certificate  will be in writing and will be either
personally  delivered,  mailed by registered or certified  mail (return  receipt
requested) or sent by reputable  overnight  courier  service  (delivery  charges
prepaid) to any party at the address specified below, or at such address, to the
attention of such other Person, and with such other copy, as the recipient party
has  specified  by prior  written  notice to the sending  party  pursuant to the
provisions of this Section 10.

             If to the Holder:
             -----------------

             Steven L. Trenk
             c/o Continental Choice Care, Inc.
             44 Aspen Drive
             Livingston, New Jersey  07039

             If to the Company:
             ------------------

             Continental Choice Care, Inc.
             44 Aspen Drive
             Livingston, New Jersey  07039
             Attention:  President

             with a copy, which will not constitute notice to the Company, to:
             -----------------------------------------------------------------

             Pitney, Hardin, Kipp & Szuch LLP
             200 Campus Drive
             P.O. Box 1945
             Morristown, New Jersey  07962-1945
             Attention:  Joseph Lunin
             Facsimile Number:  (973) 966-1550

                  (b) Any such  notice  will be deemed to have been  given  when
delivered  personally,  on the third business day after deposit postage pre-paid
in the  U.S.  mail,  or on the  business  day  after  deposit  with a  reputable
overnight courier service delivery charges pre-paid, as the case may be.

         11.  Governing  Law. This Warrant  Certificate  will be governed by and
construed  in  accordance  with the  domestic  laws of the State of New  Jersey,
without giving effect to any choice of law or conflict rule of any  jurisdiction
that  would  cause  the  laws  of  any  other  jurisdiction  to be  applied.  In
furtherance of the  foregoing,  the internal law of the State of New Jersey will
control the interpretation and construction of this Warrant Certificate, even if
under any choice of law or conflict of law analysis, the substantive law of some
other jurisdiction would ordinarily apply.

         12. Jurisdiction. Each of the parties hereby (a) irrevocably submits to
the  exclusive  jurisdiction  of the state  courts  of, and the  federal  courts
located in, the State of New Jersey in any action or  proceeding  arising out of
or relating to, this Warrant  Certificate,  (b) waives, and agrees to assert, by
way of  motion,  as a  defense,  or  otherwise,  in any  such  suit,  action  or
proceeding,  any claim that it is not subject  personally to the jurisdiction of
the above-named courts, that its property is exempt or immune from attachment or
execution  under  the law of  another  jurisdiction,  that the  suit,  action or
proceeding  is brought  in an  inconvenient  forum,  that the venue of the suit,
action or proceeding is improper or that this Warrant Certificate or the subject
matter  hereof may not be enforced in or by such court,  and agrees not to seek,
any review by any court of any other  jurisdiction  which may be called  upon to
grant an enforcement of the judgment of any such court.

         13. Successors and Assigns.  This Warrant  Certificate shall be binding
upon and shall inure to the benefit of the parties  hereto and their  respective
successors and Permitted Assigns.

         14. Severability.  If any provision of this Warrant Certificate is held
to be unenforceable  under applicable law, such provision shall be excluded from
this Warrant Certificate, and the balance hereof shall be interpreted as if such
provision were so excluded.

         15. Modification and Waiver. This Warrant Certificate and any provision
hereof may be amended, waived, discharged or terminated only by an instrument in
writing signed by the Company and the Holder.

         16. Specific  Enforcement.  The Company and the Holder  acknowledge and
agree  that  irreparable  damage  would  occur  in  the  event  that  any of the
provisions of this Warrant  Certificate  were not  performed in accordance  with
their specific terms or were otherwise  breached.  It is accordingly agreed that
the parties shall be entitled to an injunction or injunctions to prevent or cure
breaches  of  the  provisions  of  this  Warrant   Certificate  and  to  enforce
specifically  the terms and  provisions  hereof,  this being in  addition to any
other remedy to which either of them may be entitled by law or equity.

         17.  Assignment.  This Warrant  Certificate  may not be  transferred or
assigned,  in whole or in part, at any time,  except to (i) Steven L. Trenk,  a
member of his immediate family or a trust for the benefit of same, or any entity
controlled by any of the foregoing,  or (ii) to any  third-party  with the prior
written  consent  of the  Company,  which  consent  shall  not  be  unreasonably
withheld;  so long as such  individual or entity acquires the Warrant subject to
this provision  ("Permitted  Assign").  Assignment to a Permitted  Assign can be
effected by the Holder's submission of this Warrant to the Company together with
a duly executed  Assignment in substantially  the form and substance of the Form
of Assignment which accompanies this Warrant Certificate and, upon the Company's
receipt hereof,  and in any event,  within three business days  thereafter,  the
Company shall issue a Warrant Certificate to the Holder to evidence that portion
of this Warrant  Certificate,  if any as shall not have been so  transferred  or
assigned.

         IN WITNESS WHEREOF,  the Company has caused this Warrant Certificate to
be duly  executed,  manually or by facsimile,  by one of its officers  thereunto
duly authorized.

                                       CONTINENTAL CHOICE CARE, INC.

Date: August 21, 2000                  By: STEVEN L. TRENK
                                          --------------------------------------
                                     Name: Steven L. Trenk
                                    Title: President

<PAGE>

                              ELECTION TO PURCHASE
              To Be Executed by the Holder in Order to Exercise the
                    Common Stock Purchase Warrant Certificate

         The  undersigned  Holder  hereby  elects  to  exercise  _______  of the
Warrants  represented by the attached Common Stock Purchase Warrant Certificate,
and to purchase  the shares of Common Stock  issuable  upon the exercise of such
Warrants,  and requests that  certificates  for securities be issued in the name
of:

                  ---------------------------------------------
                     (Please type or print name and address)
                  ---------------------------------------------

                 (Social Security or Tax Identification Number)

and delivered to:
          --------------------------------------------------------------
         (Please type or print name and address if different from above)

If such number of Warrants being exercised  hereby shall not be all the Warrants
evidenced  by the attached  Common Stock  Purchase  Warrant  Certificate,  a new
Common Stock Purchase Warrant Certificate for the balance of such Warrants shall
be  registered  in the name of, and  delivered to, the Holder at the address set
forth below.

         [In full  payment of the  purchase  price with  respect to the Warrants
exercised and transfer taxes, if any, the undersigned  hereby tenders payment of
$______________  by check, money order or wire transfer payable in United States
currency to the order of  CONTINENTAL  CHOICE  CARE,  INC.] or [The  undersigned
elects  cashless  exercise in  accordance  with Section 1(e) of the Common Stock
Purchase Warrant Certificate.]

                                     HOLDER:

Dated:                               By:
       -------------                    ----------------------------------------
                                     Name:
                                     Title:
                                     Address:

<PAGE>

                               FORM OF ASSIGNMENT

                   (To be signed only on transfer of Warrant)

For value received,  the undersigned hereby sells,  assigns,  and transfers unto
_______________  the  right  represented  by  the  within  Warrant  to  purchase
____________  shares of Common Stock of  CONTINENTAL  CHOICE  CARE,  INC., a New
Jersey  corporation,   to  which  the  within  Warrant  relates,   and  appoints
_____________ Attorney to transfer such right on the books of CONTINENTAL CHOICE
CARE,  INC.,  a New  Jersey  corporation,  with full  power of  substitution  of
premises.

Dated:                              By:
       -------------                   -----------------------------------------
                                    Name:
                                    Title:
                                    (signature must conform to
                                    name of holder as specified on
                                    the fact of the Warrant)

                                    Address:

Signed in the presence of:

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