Document:

PRIVATE EQUITY LINE OF CREDIT AGREEMENT

                                  BY AND AMONG

                                CERTAIN INVESTORS

                                       AND

                              WEALTHHOUND.COM, INC
                              --------------------

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                            DATED AS OF JULY 3, 2000

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                                       1
<PAGE>

          This PRIVATE EQUITY LINE OF CREDIT AGREEMENT is entered into as of the
3rd day of July, 2000 (this  "Agreement"),  by and between the various investors
identified  on  Schedule  A hereto  (each an  "Investor"  or  "Investors"),  and
Wealthhound.com,  Inc., a corporation  organized and existing  under the laws of
the State of Florida (the "Company").

         WHEREAS,  the parties  desire  that,  upon the terms and subject to the
conditions  contained herein, the Company shall issue and sell to each Investor,
from time to time as provided  herein,  and each  Investor  shall  purchase  his
Proportionate Share of up to $12,200,000 of the Common Stock (as defined below);
and

         WHEREAS,  such investments will be made in reliance upon the provisions
of Section 4(2) ("Section 4(2)") and Regulation D ("Regulation D") of the United
States  Securities  Act of 1933,  as  amended  and the  regulations  promulgated
thereunder  (the  "Securities  Act"),  and/or upon such other exemption from the
registration requirements of the Securities Act as may be available with respect
to any or all of the investments in Common Stock to be made hereunder.

         NOW, THEREFORE, the parties hereto agree as follows:

                                    ARTICLE I

                               CERTAIN DEFINITIONS

         Section 1.1 "Average Daily Price" shall be the price based on the VWAP.

         Section 1.2 "Bid Price"  shall mean the closing bid price (as  reported
by Bloomberg L.P.) of the Common Stock on the Principal Market.

         Section 1.3 "Capital Shares" shall mean the Common Stock and any shares
of any other class of common stock whether now or hereafter  authorized,  having
the right to  participate  in the  distribution  of  earnings  and assets of the
Company.

         Section 1.4 "Closing"  shall mean one of the closings of a purchase and
sale of the Common Stock pursuant to Section 2.1.

         Section 1.5 "Closing Date" shall mean, with respect to a Closing at the
election of the Investor made from time to time,  either the eighth  Trading Day
following  the  Optional  Purchase  Date  related to such  Closing or the second
trading day  following  the Valuation  Period,  provided all  conditions to such
Closing have been satisfied on or before such Trading Day.

         Section 1.6 "Commitment  Amount" shall mean the $12,200,000 up to which
the  Investors  have agreed to provide to the  Company in order to purchase  Put
Shares pursuant to the terms and conditions of this Agreement.

         Section 1.7 "Commitment Period" shall mean the period commencing on the
earlier  to occur of (i) the  Effective  Date or (ii) such  earlier  date as the
Company and the  Investor  may  mutually  agree in writing,  and expiring on the
earliest to occur of (x) the date on which the  Investors  shall have  purchased
Put  Shares  pursuant  to this  Agreement  for an  aggregate  Purchase  Price of
$12,200,000,  (y) the date this

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Agreement  is  terminated  pursuant to Section  2.5,  or (z) the date  occurring
twenty-four (24) months from the date of commencement of the Commitment Period.

         Section 1.8 "Common Stock" shall mean the Company's common stock, $.001
par value per share.

         Section 1.9 "Common Stock  Equivalents"  shall mean any securities that
are convertible into or exchangeable  for Common Stock or any warrants,  options
or  other  rights  to  subscribe  for or  purchase  Common  Stock  or  any  such
convertible or exchangeable securities.

         Section 1.10      "Condition Satisfaction Date" See Section 7.2.

         Section 1.11      "Legend" See Section 9.1.

         Section 1.12 "Damages" shall mean any loss, claim,  damage,  liability,
costs and expenses (including,  without limitation,  reasonable  attorneys' fees
and disbursements and costs and expenses of expert witnesses and investigation).

         Section  1.13  "Effective  Date"  shall  mean the date on which the SEC
first declares  effective a  Registration  Statement  registering  resale of the
Registrable Securities as set forth in Section 7.2(a).

         Section 1.14 "Exchange  Act" shall mean the Securities  Exchange Act of
1934, as amended and the regulations promulgated thereunder.

         Section 1.15 "Floor  Price"  shall mean  forty-four  cents  ($0.44) per
share.

         Section 1.16  "Investment  Amount" shall mean the dollar amount (within
the range  specified  in Section 2.2) to be invested by the Investor to purchase
Put Shares with respect to any Optional Purchase Date as notified by the Company
to the Investor in accordance with Section 2.2 hereof.

         Section 1.17      "Legend" See Section 8.1.

         Section 1.18  "Material  Adverse  Effect"  shall mean any effect on the
business,  operations,  properties,  prospects,  or  financial  condition of the
Company  that is material  and adverse to the Company or to the Company and such
other  entities  controlling  or  controlled  by the Company,  taken as a whole,
and/or  any  condition,  circumstance,  or  situation  that  would  prohibit  or
otherwise  interfere  with the  ability of the Company to enter into and perform
its obligations under any of (a) this Agreement and (b) the Registration  Rights
Agreement.

         Section 1.19  "Maximum Put Amount"  shall mean the amounts set forth in
the following table:
<TABLE>
<CAPTION>
------------------------- ---------------------- ----------------------- ---------------------- ----------------------
VWAP                      Average Daily          Average Daily Trading   Average Daily          Average Daily
                          Trading Volume of up   Volume of               Trading Volume of      Trading Volume of
                          to 75,000              75,001-150,000          150,001-250,000        250,001 or more
------------------------- ---------------------- ----------------------- ---------------------- ----------------------
<S>                       <C>                    <C>                     <C>                    <C>
0.50-0.75                 $200,000               $300,000                $500,000               $650,000
------------------------- ---------------------- ----------------------- ---------------------- ----------------------
0.76-1.00                 $300,000               $500,000                $650,000               $750,000
------------------------- ---------------------- ----------------------- ---------------------- ----------------------
1.01-1.50                 $400,000               $600,000                $750,000               $850,000
------------------------- ---------------------- ----------------------- ---------------------- ----------------------
</TABLE>

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<TABLE>
<CAPTION>
------------------------- ---------------------- ----------------------- ---------------------- ----------------------
<S>                       <C>                    <C>                     <C>                    <C>
1.51-2.50                 $600,000               $750,000                $850,000               $1,000,000
------------------------- ---------------------- ----------------------- ---------------------- ----------------------
2.51-3.50                 $750,000               $900,000                $1,000,000             $1,000,000
------------------------- ---------------------- ----------------------- ---------------------- ----------------------
Above 3.51                $800,000               $1,000,000              $1,250,000             $1,500,000
------------------------- ---------------------- ----------------------- ---------------------- ----------------------
</TABLE>
"Average Trading Volume" shall mean the average daily volume of shares of Common
Stock traded  during the  preceding  thirty (30) Trading  Days.  The Maximum Put
Amount represents the aggregate of all Proportionate Shares of all Investors.

         Section 1.20 "NASD" shall mean the National  Association  of Securities
Dealers, Inc.

         Section 1.21 "Optional Purchase Date" shall mean the Trading Day during
the Commitment  Period that an Optional  Purchase Notice to sell Common Stock to
the Investor is deemed delivered pursuant to Section 2.2(b) hereof.

         Section 1.22 "Optional  Purchase Notice" shall mean a written notice to
the Investor  setting forth the  Investment  Amount that the Company  intends to
sell to the Investor.

         Section 1.23 "Outstanding" when used with reference to Common Shares or
Capital Shares (collectively the "Shares"),  shall mean, at any date as of which
the  number of such  Shares is to be  determined,  all  issued  and  outstanding
Shares,  and shall  include all such Shares  issuable in respect of  outstanding
scrip or any  certificates  representing  fractional  interests  in such Shares;
provided,  however,  that  "Outstanding"  shall  not mean any such  Shares  then
directly or indirectly owned or held by or for the account of the Company.

         Section  1.24  "Person"  shall mean an  individual,  a  corporation,  a
partnership, an association, a trust or other entity or organization,  including
a government or political subdivision or an agency or instrumentality thereof.

         Section 1.25 "Principal  Market" shall mean the Nasdaq National Market,
the Nasdaq  Small-Cap  Market,  the NASD OTC Bulletin Board,  the American Stock
Exchange or the New York Stock Exchange,  whichever is at the time the principal
trading exchange or market for the Common Stock.

         Section 1.26  "Proportionate  Share" shall mean the  proportion  of the
Commitment  Amount  agreed  to be  purchased  by each  Investor  as set forth on
Schedule A.

         Section 1.27 "Purchase  Price" as used in this Agreement shall mean the
following: For each Trading Day during a Valuation Period (or such other date on
which  the  Purchase  Price is  calculated  in  accordance  with the  terms  and
conditions of this  Agreement)  the Purchase Price shall be 88% of the VWAP. The
foregoing percentage is a "Purchase Price Percentage."

         Section  1.28 "Put"  shall mean each  occasion  the  Company  elects to
exercise its right to tender an Optional  Purchase Notice requiring the Investor
to purchase a discretionary amount of the Company's Common Stock, subject to the
terms of this  Agreement  which  tender must be given to each  Investor for such
Investor's Proportionate Share.

         Section 1.29 "Put Shares"  shall mean all shares of Common Stock issued
or issuable  pursuant to a Put that has occurred or may occur in accordance with
the terms and conditions of this Agreement.

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<PAGE>

         Section 1.30 "Registrable Securities" shall mean the Put Shares and the
Warrant Shares until the Registration  Statement has been declared  effective by
the SEC and all Put Shares and Warrant  Shares have been disposed of pursuant to
the Registration Statement.

         Section 1.31  "Registration  Rights Agreement" shall mean the agreement
regarding  the  filing  of the  Registration  Statement  for the  resale  of the
Registrable Securities,  entered into between the Company and the Investor as of
the Subscription Date.

         Section  1.32  "Registration   Statement"  shall  mean  a  registration
statement  on Form SB-2 (if use of such form is then  available  to the  Company
pursuant to the rules of the SEC and, if not, on such other form  promulgated by
the SEC for which the Company then  qualifies  and which counsel for the Company
shall deem  appropriate  and which form shall be available for the resale of the
Registrable  Securities  to be  registered  thereunder  in  accordance  with the
provisions  of this  Agreement and the  Registration  Rights  Agreement,  and in
accordance with the intended method of distribution of such securities), for the
registration  of the  resale  by the  Investor  and  Finder  of the  Registrable
Securities under the Securities Act.

         Section  1.33  "Regulation  D" shall have the  meaning set forth in the
recitals of this Agreement.

         Section 1.34 "SEC" shall mean the Securities and Exchange Commission.

         Section  1.35  "Section  4(2)"  shall have the meaning set forth in the
recitals of this Agreement.

         Section 1.36 "Securities Act" shall have the definition  ascribed to it
in the recitals of this Agreement.

         Section 1.37 "SEC Documents" shall mean, to the extent applicable,  the
Company's  Form 10, latest Form 10-K as of the time in question,  all Forms 10-Q
and 8-K filed thereafter,  and the Proxy Statement for its latest fiscal year as
of the time in question  until such time the Company no longer has an obligation
to maintain the  effectiveness  of a Registration  Statement as set forth in the
Registration Rights Agreement.

         Section  1.38  "Subscription  Date"  shall  mean the date on which this
Agreement is executed and delivered by the parties hereto.

         Section 1.39 "Trading  Cushion"  shall mean, at any time, the mandatory
thirty (30) Trading Days between Optional Purchase Dates.

         Section 1.40 "Trading Day" shall mean any day during which the New York
Stock Exchange shall be open for business.

         Section 1.41 "Valuation Event" shall mean an event in which the Company
at any time during a Valuation Period takes any of the following actions:

                           (a)      subdivides or combines its Common Stock;

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                           (b) pays a dividend in its Capital Stock or makes any
                  other distribution of its Capital Shares;

                           (c) issues any additional Capital Shares ("Additional
                  Capital Shares"),  otherwise than as provided in the foregoing
                  Subsections  (a) and (b) above,  at a price per share less, or
                  for other  consideration  lower,  than the Bid Price in effect
                  immediately prior to such issuance, or without consideration;

                           (d) issues any  warrants,  options or other rights to
                  subscribe for or purchase any  Additional  Capital  Shares and
                  the price per share for which Additional Capital Shares may at
                  any time  thereafter  be issuable  pursuant to such  warrants,
                  options  or other  rights  shall be less than the Bid Price in
                  effect immediately prior to such issuance;

                           (e)  issues  any  securities   convertible   into  or
                  exchangeable  for  Capital  Shares and the  consideration  per
                  share  for which  Additional  Capital  Shares  may at any time
                  thereafter   be  issuable   pursuant  to  the  terms  of  such
                  convertible or exchangeable  securities shall be less than the
                  Bid Price in effect immediately prior to such issuance;

                           (f) makes a  distribution  of its assets or evidences
                  of  indebtedness  to the  holders of its  Capital  Shares as a
                  dividend  in  liquidation  or by way of return of  capital  or
                  other than as a dividend  payable  out of  earnings or surplus
                  legally  available for dividends  under  applicable law or any
                  distribution  to such  holders  made in respect of the sale of
                  all or  substantially  all of the Company's assets (other than
                  under  the   circumstances   provided  for  in  the  foregoing
                  subsections (a) through (e); or

                           (g)  takes  any  action   affecting   the  number  of
                  Outstanding Capital Shares,  other than an action described in
                  any of the  foregoing  Subsections  (a)  through  (f)  hereof,
                  inclusive,  which in the  opinion  of the  Company's  Board of
                  Directors,  determined in good faith,  would have a materially
                  adverse  effect upon the rights of the Investor at the time of
                  a Put.

         Section 1.42 "Valuation  Period" shall mean the period of fourteen (14)
Trading Days during which the Purchase  Price of the Common Stock is determined,
which  period  shall be with  respect  to the  Purchase  Prices on any  Optional
Purchase Date, the fourteen (14) Trading Days following the Trading Day on which
an Optional Purchase Notice is deemed to be delivered;  provided,  however, that
if a Valuation Event occurs during any Valuation  Period, a new Valuation Period
shall  begin  on the  Trading  Day  immediately  after  the  occurrence  of such
Valuation Event and end on the fifth Trading Day thereafter.

         Section 1.43 "VWAP" shall mean the daily volume weighted  average price
of the Common Stock on the Principal  Market as reported by Bloomberg  Financial
using the AQR function.

         Section 1.44 "Warrants"  shall mean the common stock purchase  warrants
of the Company  described in Section 13.2, a form of which is annexed  hereto as
Exhibit E.

         Section 1.45 "Warrant Shares" shall mean the Common Stock issuable upon
exercise of the Warrants.

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                                   ARTICLE II

                        PURCHASE AND SALE OF COMMON STOCK

         Section 2.1  Investments/Puts.  Upon the terms and conditions set forth
herein (including, without limitation, the provisions of Article III hereof), on
any Optional  Purchase Date the Company may exercise a Put by the delivery of an
Optional  Purchase  Notice.  The number of Put Shares  that the  Investor  shall
receive  pursuant  to such Put shall be  determined  by  dividing  the  relevant
portions of the Investment  Amount specified in the Optional  Purchase Notice by
the  corresponding  Purchase  Prices for each  Trading Day during the  Valuation
Period.

         Section 2.2       Mechanics.
                           ---------

                           (a) Optional  Purchase Notice. At any time during the
Commitment  Period,  the Company may deliver an Optional  Purchase Notice to the
Investor, subject to the conditions set forth in Section 7.2; provided, however,
the  Investment  Amount  for  each  Put  as  designated  by the  Company  in the
applicable  Optional Purchase Notices shall be neither less than $200,000 in the
aggregate to all Investors nor more than the Maximum Put Amount.

                           (b) Date of Delivery of Optional  Purchase Notice. An
Optional  Purchase Notice shall be deemed delivered on (i) the Trading Day it is
received by  facsimile  or  otherwise by the Investor if such notice is received
prior to 12:00 noon New York time, or (ii) the  immediately  succeeding  Trading
Day if it is received by facsimile  or otherwise  after 12:00 noon New York time
on a Trading Day or at any time on a day which is not a Trading Day. No Optional
Purchase Notice may be deemed delivered, on a day that is not a Trading Day.

         (c)  Determination of Put Shares Issuable.  The Purchase Price shall be
based on the  Average  Daily  Price on each  separate  Trading  Day  during  the
Valuation Period. The number of Put Shares to be purchased by each Investor with
respect to such  Investor's  Proportionate  Share shall be determined on a daily
basis during each Valuation  Period and settled on the Closing Date. The portion
of  Investment  Amount for which Put Shares may be issued for each  Trading  Day
during  the  Valuation  Period  may not exceed  one-fourteenth  (1/14th)  of the
Investment Amount.

         (d) Floor Price  Limitation.  If the Average Daily Price on any Trading
Day during the Valuation  Period is less than the Floor Price, the Company shall
not sell and the  Investor  shall not  purchase  the Put Shares  otherwise to be
purchased  for such Trading Day unless the Investor  elects,  at the  Investor's
sole option,  to purchase  such Put Shares at the Floor Price.  In the event the
Investor does not elect to purchase such Put Shares at the Floor Price,  then in
such case,  one-fourteenth  (1/14th) of the Investment Amount shall be withdrawn
from the Investment Amount for each such Trading Day

         (e) Maximum Optional Purchase Notices/Amount.  There shall be a maximum
of  twenty-four  (24)  Optional  Purchase  Notices given during the term of this
Agreement.  The  Company  shall have the right to issue each  Optional  Purchase
Notice for an Investment Amount up to the Maximum Put Amount.

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         Section 2.3  Closings.  On each  Closing Date for a Put (i) the Company
shall deliver in the form required pursuant to Article IX hereof to the Investor
or to escrow one or more certificates,  at the Investor's  option,  representing
the Put Shares to be purchased  by the Investor  pursuant to Section 2.1 herein,
or if  deliverable  without  legend  pursuant to Article IX and if DTC eligible,
deliver the Put Shares electronically after the Optional Purchase Date and on or
prior to the Closing  Date,  registered  in the name of the  Investor or, at the
Investor's  option,  deposit such  certificate(s)  into such account or accounts
previously  designated  by the Investor and (ii) the Investor  shall  deliver to
escrow the Investment  Amount specified in the Optional  Purchase Notice by wire
transfer  of  immediately  available  funds on or before the  Closing  Date.  In
addition,  on or prior to the Closing Date, each of the Company and the Investor
shall deliver all documents,  instruments and writings  required to be delivered
or reasonably requested by either of them pursuant to this Agreement in order to
implement and effect the transactions  contemplated herein.  Payment of funds to
the Company and delivery of the  certificates to the Investor shall occur out of
escrow in accordance  with the escrow  agreement  referred to in Section  7.2(p)
following (x) the Company's deposit into escrow of the certificates representing
the Put Shares and (y) the  Investor's  deposit  into  escrow of the  Investment
Amount; provided, however, that to the extent the Company has not paid the fees,
expenses and disbursements of the Investor's  counsel in accordance with Section
13.1,  the  amount of such fees,  expenses  and  disbursements  shall be paid in
immediately  available funds drawn out of the deposited  funds, at the direction
of the Investor,  to  Investor's  counsel with no reduction in the number of Put
Shares issuable to the Investor on such Closing Date.

         Section  2.4  Liquidated  Damages.  In the event the Put Shares are not
timely  delivered  by the Company on a Closing  Date,  the Company  will pay the
Investor,  as  liquidated  damages  for such  failure  to  deliver  and not as a
penalty, one percent (1%) of the applicable Investment Amount for each seven (7)
day period,  or part thereof  following  such failure,  in cash,  until such Put
Shares  have been  delivered.  The Escrow  Agent  shall be  directed to pay such
liquidated damages to the Investor out of the Investment Amount delivered by the
Investor to the Escrow Agent.

         Section 2.5 Termination of Investment Obligation. The obligation of the
Investor  to  purchase  shares  of  Common  Stock  shall  terminate  permanently
(including  with  respect to a Closing  Date that has not yet  occurred)  in the
event  that  (i)  there  shall  occur  any  stop  order  or  suspension  of  the
effectiveness of the  Registration  Statement for a consecutive ten day calendar
period or for an aggregate  of thirty (30)  Trading  Days during the  Commitment
Period,  for any reason,  or (ii) the  Company  shall at any time fail to comply
with the requirements of Section 6.2, 6.3, 6.4, 6.5 or 6.6.

                                   ARTICLE III

                   REPRESENTATIONS AND WARRANTIES OF INVESTOR

         Each Investor represents and warrants to the Company that:

         Section 3.1 Intent.  The Investor is entering  into this  Agreement for
its own account and not with a view to the distribution of the Common Stock, and
the Investor has no present arrangement  (whether or not legally binding) at any
time to sell the  Common  Stock to or through  any  person or entity;  provided,
however, that by making the representations  herein, the Investor does not agree
to hold the Common Stock for any minimum or other specific term and reserves the
right to dispose of the Common Stock at any time in accordance  with federal and
state securities laws applicable to such disposition.

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<PAGE>

         Section 3.2  Sophisticated  Investor.  The Investor is a  sophisticated
investor (as described in Rule  506(b)(2)(ii) of Regulation D) and an accredited
investor  (as  defined  in Rule 501 of  Regulation  D),  and  Investor  has such
experience  in business and  financial  matters that it is capable of evaluating
the merits and risks of an investment in Common Stock. The Investor acknowledges
that an investment in the Common Stock is speculative and involves a high degree
of risk.

         Section 3.3  Authority.  This  Agreement has been duly  authorized  and
validly  executed  and  delivered  by the  Investor  and is a valid and  binding
agreement of the Investor  enforceable  against it in accordance with its terms,
subject to applicable  bankruptcy,  insolvency,  or similar laws relating to, or
affecting  generally the  enforcement of,  creditors'  rights and remedies or by
other equitable principles of general application.

         Section 3.4 Not an Affiliate. The Investor is not an officer,  director
or to Investor's  good faith belief,  an "affiliate" (as that term is defined in
Rule 405 of the Securities Act) of the Company.

         Section 3.5 Absence of  Conflicts.  The  execution and delivery of this
Agreement and any other document or instrument executed in connection  herewith,
and the consummation of the transactions  contemplated  thereby,  and compliance
with the  requirements  thereof,  will not  violate any law,  rule,  regulation,
order, writ, judgment,  injunction,  decree or award binding on Investor, or, to
the Investor's knowledge, (a) violate any provision of any indenture, instrument
or agreement to which Investor is a party or is subject, or by which Investor or
any of its assets is bound,  (b) conflict with or constitute a material  default
thereunder, (c) result in the creation or imposition of any lien pursuant to the
terms of any such indenture,  instrument or agreement, or constitute a breach of
any  fiduciary  duty owed by  Investor  to any third  party,  or (d) require the
approval  of any  third-party  (which  has not been  obtained)  pursuant  to any
material contract,  agreement,  instrument,  relationship or legal obligation to
which  Investor  is  subject  or to  which  any of  its  assets,  operations  or
management may be subject.

         Section 3.6 Disclosure;  Access to  Information.  Investor has received
all documents,  records,  books and other  information  pertaining to Investor's
investment in the Company that have been  requested by Investor.  The Company is
subject to the periodic reporting requirements of the Exchange Act, and Investor
has had access to copies of any such reports that have been requested by it.

         Section 3.7 Manner of Sale. At no time was Investor  presented  with or
solicited  by or through any leaflet,  public  promotional  meeting,  television
advertisement or any other form of general solicitation or advertising.

                                   ARTICLE IV

                  REPRESENTATIONS AND WARRANTIES OF THE COMPANY

         The Company  represents and warrants to the Investor,  except as may be
set forth in the Disclosure Schedule delivered in connection herewith, that:

         Section 4.1  Organization of the Company.  The Company is a corporation
duly  organized  and  existing in good  standing  under the laws of the State of
Florida and has all requisite  corporate  authority to own its properties and to
carry on its  business as now being  conducted.  The  Company  does not have any
subsidiaries.  The  Company is duly  qualified  as a foreign  corporation  to do
business and is

                                       9
<PAGE>

in good  standing  in every  jurisdiction  in which the  nature of the  business
conducted or property owned by it makes such qualification necessary, other than
those in which the  failure  so to  qualify  would not have a  Material  Adverse
Effect.

         Section 4.2  Authority.  (i) The Company  has the  requisite  corporate
power and  authority  to enter  into and  perform  its  obligations  under  this
Agreement  and the  Registration  Rights  Agreement and to issue the Put Shares;
(ii) the execution, issuance and delivery of this Agreement and the Registration
Rights  Agreement and the  consummation by it of the  transactions  contemplated
hereby  have been duly  authorized  by all  necessary  corporate  action  and no
further  consent or  authorization  of the Company or its Board of  Directors or
stockholders is required;  and (iii) this Agreement and the Registration  Rights
Agreement  have been duly executed and  delivered by the Company and  constitute
valid and binding  obligations of the Company enforceable against the Company in
accordance  with their terms,  except as such  enforceability  may be limited by
applicable  bankruptcy,  insolvency,  or similar laws  relating to, or affecting
generally  the  enforcement  of,  creditors'  rights  and  remedies  or by other
equitable principles of general application.

         Section  4.3  Capitalization.  As of the date  hereof,  the  authorized
capital stock of the Company consists of 200,000,000  shares of Common Stock, of
which  75,774,025  shares of Common Stock were issued and outstanding as of June
14,  2000.  None of the  authorized  and  issued  capital  stock of the  Company
consists of preferred  stock.  Except as set forth in the  Financial  Statements
described in Section 4.5, there are no options, warrants, or rights to subscribe
to,  securities,  rights or obligations  convertible into or exchangeable for or
giving any right to  subscribe  for any shares of capital  stock of the Company.
All of the outstanding  shares of Common Stock of the Company have been duly and
validly authorized and issued and are fully paid and nonassessable.

         Section 4.4 Common  Stock.  As of the  commencement  of the  Commitment
Period,  the Company will have  registered  its Common Stock pursuant to Section
12(b) or 12(g) of the Exchange Act and be in full  compliance with all reporting
requirements  of the Exchange Act, if any, and the Company will have  maintained
all requirements for the continued listing or quotation of its Common Stock, and
such Common Stock is then listed or quoted on the  Principal  Market.  As of the
date hereof, the Common Stock is quoted in the OTC "Pink Sheets."

         Section 4.5  Financial  Statements.  The Company has  delivered or made
available  to the  Investor  true and  complete  copies of  unaudited  financial
statements  (without  footnotes)  as of and for the period  ending May 31,  2000
("Financial  Statements").  The Company has not  provided  to the  Investor  any
information that,  according to applicable law, rule or regulation,  should have
been disclosed  publicly prior to the date hereof by the Company,  but which has
not been so disclosed.  The Financial  Statements fairly present in all material
respects the  financial  position of the Company as of the dates thereof and the
results of  operations  for the periods then ended,  subject to normal  year-end
audit adjustments.

         Section   4.6  Valid   Issuances.   Assuming   the   accuracy   of  the
representations  and  warranties  contained in Sections  3.1, 3.2 and 3.7 hereof
both at the  date  hereof  and at the time of sale  and  issuance,  the sale and
issuance of the Put Shares will be exempt from registration under the Securities
Act in reliance upon Section 4(2) thereof  and/or  Regulation D thereto and when
issued,  the Put  Shares  shall be duly and  validly  issued,  fully  paid,  and
nonassessable.  Neither  the  sales  of the  Put  Shares  pursuant  to,  nor the
Company's   performance  of  its  obligations   under,  this  Agreement  or  the
Registration  Rights  Agreement will (i) result in the creation or imposition of
any liens,  charges,  claims or other encumbrances

                                       10
<PAGE>

upon the Put Shares or any of the assets of the  Company,  or (ii)  entitle  the
holders of Outstanding Capital Shares to preemptive or other rights to subscribe
to or acquire the Capital  Shares or other  securities  of the Company.  The Put
Shares  shall not subject the  Investor to personal  liability  by reason of the
possession thereof.

         Section 4.7 No General  Solicitation  or  Advertising in Regard to this
Transaction.  Neither the Company nor any of its affiliates nor any  distributor
or any person  acting on its or their  behalf (i) has  conducted or will conduct
any general  solicitation  (as that term is used in Rule 502(c) of Regulation D)
or general  advertising with respect to any of the Put Shares,  or (ii) made any
offers or sales of any  security  or  solicited  any offers to buy any  security
under any  circumstances  that would  require  registration  of the Common Stock
under the Securities Act.

         Section 4.8  Corporate  Documents.  The Company has  furnished  or made
available to the Investor true and correct  copies of the Company's  Articles of
Incorporation,  as amended and in effect on the date hereof (the "Certificate"),
and the  Company's  By-Laws,  as amended  and in effect on the date  hereof (the
"By-Laws").

         Section 4.9 No Conflicts.  The execution,  delivery and  performance of
this  Agreement  by the  Company  and the  consummation  by the  Company  of the
transactions contemplated hereby, including, without limitation, the issuance of
Common  Stock do not and will not (i)  result in a  violation  of the  Company's
Articles of  Incorporation  or By-Laws or (ii)  conflict  with,  or constitute a
default  (or an event that with  notice or lapse of time or both would  become a
default)  under,  or  give to  others  any  rights  of  termination,  amendment,
acceleration or cancellation of, any material agreement,  indenture,  instrument
or any "lock-up" or similar  provision of any underwriting or similar  agreement
to which the Company is a party,  or (iii) result in a violation of any federal,
state,  local or  foreign  law,  rule,  regulation,  order,  judgment  or decree
(including federal and state securities laws and regulations)  applicable to the
Company or by which any  property  or asset of the  Company is bound or affected
(except for such conflicts, defaults, terminations,  amendments,  accelerations,
cancellations  and  violations as would not,  individually  or in the aggregate,
have a Material  Adverse  Effect) nor is the Company  otherwise in violation of,
conflict  with or in default  under any of the  foregoing;  provided  that,  for
purposes of the  Company's  representations  and  warranties as to violations of
foreign  law,   rule  or  regulation   referenced  in  clause  (iii),   no  such
representations and warranties are being made insofar as the execution, delivery
and  performance  of this Agreement by the Company and the  consummation  by the
Company of the  transactions  contemplated  hereby are or may be affected by the
status of the  Investor  under or  pursuant  to any such  foreign  law,  rule or
regulation.  The business of the Company is not being  conducted in violation of
any law, ordinance or regulation of any governmental entity, except for possible
violations  that either  singly or in the  aggregate  do not and will not have a
Material  Adverse  Effect.  The Company is not required under federal,  state or
local law, rule or regulation to obtain any consent,  authorization or order of,
or make any filing or  registration  with, any court or  governmental  agency in
order for it to execute,  deliver or perform any of its  obligations  under this
Agreement or issue and sell the Common Stock in accordance with the terms hereof
(other than any SEC, NASD or state securities filings that may be required to be
made by the Company subsequent to any Closing,  any registration  statement that
may be filed pursuant hereto, and any shareholder approval required by the rules
applicable  to companies  whose common  stock  trades on any  Principal  Market;
provided that,  for purposes of the  representation  made in this sentence,  the
Company  is  assuming   and   relying   upon  the   accuracy  of  the   relevant
representations and agreements of the Investor herein.

                                       11
<PAGE>

         Section  4.10  No  Material  Adverse  Change.  Since  the  date  of the
Financial  Statements  described in Section 4.5, no Material  Adverse Effect has
occurred or exists with respect to the Company.

         Section 4.11 No Undisclosed Liabilities. The Company has no liabilities
or obligations which are material, individually or in the aggregate, and are not
disclosed to the Investor in the  Financial  Statements or otherwise in writing,
other than those  incurred in the ordinary  course of the  Company's  businesses
since the date of the Financial  Statements  and which,  individually  or in the
aggregate, do not or would not have a Material Adverse Effect on the Company.

         Section  4.12 No  Undisclosed  Events  or  Circumstances.  No  event or
circumstance  has  occurred  or  exists  with  respect  to  the  Company  or its
businesses,  properties,  prospects,  operations or financial  condition,  that,
under applicable law, rule or regulation, requires as of the date hereof, public
disclosure or announcement prior to the date hereof by the Company.

         Section 4.13 No Integrated  Offering.  Neither the Company,  nor any of
its  affiliates,  nor any person acting on its or their behalf has,  directly or
indirectly,  made any offers or sales of any security or solicited any offers to
buy any security,  other than pursuant to this  Agreement,  under  circumstances
that would require registration of the Common Stock under the Securities Act.

         Section 4.14 Litigation and Other Proceedings. There are no lawsuits or
proceedings pending or to the best knowledge of the Company threatened,  against
the Company, nor has the Company received any written or oral notice of any such
action, suit,  proceeding or investigation,  which might have a Material Adverse
Effect.  Except  as set  forth on  Schedule  4.14,  no  judgment,  order,  writ,
injunction  or decree or award has been  issued by or, so far as is known by the
Company,  requested of any court,  arbitrator or governmental agency which might
result in a Material Adverse Effect.

         Section 4.15 No Misleading or Untrue Communication. The Company and any
Person   representing   the  Company,   in  connection  with  the   transactions
contemplated  by  this  Agreement,   have  not  made,  at  any  time,  any  oral
communication in connection with same, which contained any untrue statement of a
material fact or omitted to state any material  fact  necessary in order to make
the statements,  in the light of the  circumstances  under which they were made,
not misleading.

                                    ARTICLE V

                            COVENANTS OF THE INVESTOR

         Section 5.1 Compliance with Law. The Investor's trading activities with
respect to shares of the Company's  Common Stock will be in compliance  with all
applicable  state and federal  securities  laws,  rules and  regulations and the
rules and  regulations  of the Principal  Market on which the  Company's  Common
Stock is listed.

         Section 5.2 No Short Sales.  The Investor and its affiliates  shall not
engage in short sales of the Company's Common Stock; provided, however, that the
Investor may, subject to compliance with applicable laws, rules and regulations,
enter into any short  sale or other  hedging  or  similar  arrangement  it deems
appropriate  with respect to Put Shares  after it receives an Optional  Purchase
Notice with respect to such Put Shares so long as such sales or  arrangements do
not involve more than the number of such Put Shares.

                                       12
<PAGE>

                                   ARTICLE VI

                            COVENANTS OF THE COMPANY

         Section  6.1   Registration   Rights.   The  Company  shall  cause  the
Registration Rights Agreement to remain in full force and effect and the Company
shall comply in all respects with the terms thereof.

         Section 6.2  Reservation  of Common Stock.  As of the date hereof,  the
Company  has  reserved  and the  Company  shall  continue  to  reserve  and keep
available at all times,  free of preemptive  rights,  shares of Common Stock for
the purpose of enabling the Company to satisfy any  obligation  to issue the Put
Shares; such amount of shares of Common Stock to be reserved shall be calculated
based  upon  the  minimum  Purchase  Price  therefor  under  the  terms  of this
Agreement.

         Section 6.3 Listing of Common  Stock.  The Company  shall  maintain the
listing of the Common Stock on a Principal  Market,  and as soon as  practicable
(but in any event prior to the  commencement  of the Commitment  Period) to list
the Put Shares.  The Company  further shall,  if the Company applies to have the
Common Stock traded on any other Principal  Market,  include in such application
the Put Shares, and shall take such other action as is necessary or desirable in
the opinion of the Investor to cause the Common Stock to be listed on such other
Principal  Market as promptly  as  possible.  The Company  shall take all action
necessary  to  continue  the  listing  and  trading of its  Common  Stock on the
Principal Market  (including,  without  limitation,  maintaining  sufficient net
tangible  assets) and will comply in all respects with the Company's  reporting,
filing and other obligations under the bylaws or rules of the Principal Market.

         Section 6.4 Exchange Act Registration.  The Company shall (i) cause its
Common  Stock to become and continue to be  registered  under  Section  12(g) or
12(b) of the Exchange  Act,  will comply in all respects  with its reporting and
filing  obligations  under  said Act,  and will not take any  action or file any
document  (whether  or not  permitted  by said Act or the rules  thereunder)  to
terminate or suspend such  registration or to terminate or suspend its reporting
and filing  obligations  under  said Act.  The  Company  will take all action to
obtain a listing and continue the listing and trading of its Common Stock on the
Principal  Market and will comply in all respects with the Company's  reporting,
filing and other obligations under the bylaws or rules of the Principal Market.

         Section 6.5 Legends. The certificates evidencing the Common Stock to be
sold by the Investor pursuant to Section 9.1 shall be free of legends, except as
set forth in Article IX.

         Section  6.6  Corporate  Existence.  The  Company  will  take all steps
necessary to preserve and continue the corporate existence of the Company.

         Section 6.7 Additional  SEC Documents.  The Company will deliver to the
Investor, as and when the originals thereof are submitted to the SEC for filing,
copies of all SEC Documents so furnished or submitted to the SEC.

         Section 6.8 Blackout Period.  The Company will  immediately  notify the
Investor  upon the  occurrence  of any of the  following  events in respect of a
registration  statement  or related  prospectus  in respect  of an  offering  of
Registrable Securities; (i) receipt of any request for additional information by
the

                                       13
<PAGE>

SEC or any other federal or state  governmental  authority  during the period of
effectiveness of the registration statement for amendments or supplements to the
registration  statement or related  prospectus;  (ii) the issuance by the SEC or
any other federal or state  governmental  authority of any stop order suspending
the  effectiveness  of  the  Registration  Statement  or the  initiation  of any
proceedings for that purpose;  (iii) receipt of any notification with respect to
the suspension of the  qualification  or exemption from  qualification of any of
the  Registrable  Securities for sale in any  jurisdiction  or the initiation or
threatening of any proceeding for such purpose;  (iv) the happening of any event
that  makes  any  statement  made  in such  registration  statement  or  related
prospectus or any document  incorporated or deemed to be incorporated therein by
reference  untrue in any  material  respect or that  requires  the making of any
changes in the registration statement,  related prospectus or documents so that,
in the case of the  registration  statement,  it will  not  contain  any  untrue
statement of a material  fact or omit to state any material  fact required to be
stated therein or necessary to make the statements  therein not misleading,  and
that in the case of the  related  prospectus,  it will not  contain  any  untrue
statement of a material  fact or omit to state any material  fact required to be
stated therein or necessary to make the statements  therein, in the light of the
circumstances under which they were made, not misleading;  and (v) the Company's
reasonable  determination  that a  post-effective  amendment to the registration
statement would be appropriate;  and the Company will promptly make available to
the Investor any such  supplement  or amendment to the related  prospectus.  The
Company  shall not deliver to the Investor any Optional  Purchase  Notice during
the continuation of any of the foregoing events.

         Section 6.9 Expectations  Regarding  Optional Purchase Notices.  Within
ten  (10)  days  after  the  commencement  of each  calendar  quarter  occurring
subsequent to the commencement of the Commitment  Period, the Company undertakes
to notify the Investor as to its reasonable expectations as to the dollar amount
it intends to raise during such calendar  quarter,  if any, through the issuance
of Optional  Purchase  Notices.  Such  notification  shall  constitute  only the
Company's  good faith estimate and shall in no way obligate the Company to raise
such amount,  or any amount,  or otherwise limit its ability to deliver Optional
Purchase  Notices.  The failure by the Company to comply with this provision can
be  cured  by  the  Company's  notifying  the  Investor  at any  time  as to its
reasonable expectations with respect to the current calendar quarter.

         Section 6.10 Disclosure of Material Information.  In the event that any
or all of the information disclosed to the Investor in writing prior to the date
hereof  becomes  material,  the  Company  shall  make full and  complete  public
disclosure in accordance with all applicable law.

         Section 6.11 Consolidation;  Merger. The Company shall not, at any time
after the date hereof, effect any merger or consolidation of the Company with or
into, or a transfer of all or substantially all of the assets of the Company to,
another  entity (a  "Consolidation  Event")  unless the  resulting  successor or
acquiring  entity  (if  not the  Company)  assumes  by  written  instrument  the
obligation to deliver to the Investor such shares of stock and/or  securities as
the Investor is entitled to receive pursuant to this Agreement.

         Section 6.12  Issuance of Put Shares.  The sale and issuance of the Put
Shares shall be made in  accordance  with the  provisions  and  requirements  of
applicable federal and state law.

                                       14
<PAGE>

                                   ARTICLE VII

                       CONDITIONS TO DELIVERY OF OPTIONAL

                   PURCHASE NOTICES AND CONDITIONS TO CLOSING

         Section 7.1  Conditions  Precedent to the  Obligation of the Company to
Issue and Sell Common Stock.  The  obligation  hereunder of the Company to issue
and sell the Put Shares to the  Investor  incident to each Closing is subject to
the satisfaction,  at or before each such Closing, of each of the conditions set
forth below.

                           (a)  Accuracy of the  Investor's  Representation  and
                  Warranties. The representations and warranties of the Investor
                  shall be true and correct in all  material  respects as of the
                  date of this Agreement and as of the date of each such Closing
                  as though made at each such time.

                           (b)  Performance by the Investor.  The Investor shall
                  have  performed,  satisfied  and complied in all respects with
                  all  covenants,  agreements  and  conditions  required by this
                  Agreement to be  performed,  satisfied or complied with by the
                  Investor at or prior to such Closing.

         Section 7.2 Conditions Precedent to the Right of the Company to Deliver
an Optional  Purchase  Notice and the Obligation of the Investor to Purchase Put
Shares.  The right of the Company to deliver an Optional Purchase Notice and the
obligation  of the  Investor  hereunder  to  acquire  and pay for the Put Shares
incident  to a  Closing  is  subject  to the  satisfaction,  (i) on the  date of
delivery  of such  Optional  Purchase  Notice,  (ii)  for each  day  during  the
Valuation  Period,  and (iii) on the applicable  Closing Date (each a "Condition
Satisfaction Date"), of each of the following conditions:

                           (a) Registration of the Common Stock with the SEC. As
                  set forth in the Registration  Rights  Agreement,  the Company
                  shall have filed with the SEC a  Registration  Statement  with
                  respect to the resale of the Registrable Securities that shall
                  have  been  declared  effective  by the SEC prior to the first
                  Optional Purchase Date, but in no event later than two hundred
                  and seventy (270) days after the Subscription Date.

                           (b) Effective Registration Statement. As set forth in
                  the Registration Rights Agreement,  the Registration Statement
                  shall  have  previously  become  effective  and  shall  remain
                  effective on each Condition  Satisfaction Date and (i) neither
                  the Company nor the Investor  shall have received  notice that
                  the SEC has  issued  or  intends  to issue a stop  order  with
                  respect  to  the  Registration   Statement  or  that  the  SEC
                  otherwise has suspended or withdrawn the  effectiveness of the
                  Registration Statement,  either temporarily or permanently, or
                  intends  or  has  threatened  to do  so,  and  (ii)  no  other
                  suspension of the use or withdrawal  of the  effectiveness  of
                  the Registration Statement or related prospectus shall exist.

                           (c)  Accuracy of the  Company's  Representations  and
                  Warranties.  The representations and warranties of the Company
                  shall be true and correct in all material  respects as of each
                  Condition  Satisfaction  Date as though made at each such time
                  (except for representations  and warranties  specifically made
                  as of a particular  date) with respect to all periods,  and as
                  to all events and  circumstances  occurring or existing to and
                  including each  Condition  Satisfaction  Date,  except for any
                  conditions which have

                                       15
<PAGE>

                  temporarily caused any representations or warranties herein to
                  be incorrect and which have been  corrected with no continuing
                  impairment to the Company or the Investor.

                           (d)  Performance  by the Company.  The Company  shall
                  have  performed,   satisfied  and  complied  in  all  material
                  respects  with  all   covenants,   agreements  and  conditions
                  required  by  this  Agreement  and  the  Registration   Rights
                  Agreement to be  performed,  satisfied or complied with by the
                  Company  at or  prior  to each  Condition  Satisfaction  Date,
                  including but not limited to the  requirements for the Company
                  and its  transfer  agent set forth in Sections  9.1 and 9.2 to
                  deliver  unlegended  Common  Stock  pursuant  to the terms set
                  forth in Sections 9.1 and 9.2, and Exhibit D hereto.

                           (e) No  Injunction.  No  statute,  rule,  regulation,
                  executive order, decree,  ruling or injunction shall have been
                  enacted,  entered,  promulgated  or  endorsed  by any court or
                  governmental   authority   of  competent   jurisdiction   that
                  prohibits or directly or materially  adversely  affects any of
                  the  transactions  contemplated  by  this  Agreement,  and  no
                  proceeding  shall have been commenced that may have the effect
                  of  prohibiting or materially  adversely  affecting any of the
                  transactions contemplated by this Agreement.

                           (f) Adverse Changes.  Since the date of filing of the
                  Company's  most recent SEC  Document,  no event that had or is
                  reasonably  likely  to  have a  Material  Adverse  Effect  has
                  occurred.

                           (g) No  Suspension  of  Trading  In or  Delisting  of
                  Common  Stock.  The  trading  of the Common  Stock  (including
                  without  limitation  the  Put  Shares)  shall  not  have  been
                  suspended by the SEC, the Principal Market or the NASD and the
                  Common Stock  (including  without  limitation  the Put Shares)
                  shall have been  approved for listing or  quotation  and shall
                  have  actually  been  listed or quoted  on, and shall not have
                  been  delisted  from the  Principal  Market.  The  issuance of
                  shares of Common Stock with respect to the applicable Closing,
                  if  any,   shall  not   violate   the   shareholder   approval
                  requirements of the Principal Market.

                           (h) Legal Opinions.  The Company shall have caused to
                  be delivered  to the  Investor  and  Finders,  within five (5)
                  Trading  Days  of  the  effective  date  of  the  Registration
                  Statement,  an opinion of the Company's independent counsel in
                  the form of Exhibit B hereto,  addressed  to the  Investor and
                  Finders;  provided,  however,  that in the event  that such an
                  opinion  cannot  be  delivered  by the  Company's  independent
                  counsel to the Investor, the Company shall promptly revise the
                  Registration  Statement  and shall  not  deliver  an  Optional
                  Purchase  Notice.  If an Optional  Purchase  Notice shall have
                  been delivered in good faith without  knowledge by the Company
                  that an opinion of independent counsel can not be delivered as
                  required, at the option of the Investor, either the applicable
                  Closing Date shall  automatically be postponed for a period of
                  up to five (5) Trading Days until such an opinion is delivered
                  to the Investor,  or such Closing shall otherwise be canceled.
                  Liquidated damages determined pursuant to Section 2.4 shall be
                  calculated  and payable on the  Closing  Date.  The  Company's
                  independent  counsel  shall also  deliver to the  Investor and
                  Finders upon  execution  of this  Agreement an opinion in form
                  and  substance  reasonably  satisfactory  to the  Investor and
                  Finders addressing,  among other things, corporate matters and
                  the exemption  from  registration  under the Securities

                                       16
<PAGE>

                  Act  of the  issuance  of the  Registrable  Securities  by the
                  Company to the Investor and Finders under this Agreement.

                           (i) Due Diligence. No dispute between the Company and
                  the Investor  shall exist pursuant to Section 8.2(c) as to the
                  adequacy  of the  disclosure  contained  in  the  Registration
                  Statement.

                           (j) Ten Percent Limitation. On each Closing Date, the
                  number of Put  Shares  then to be  purchased  by the  Investor
                  shall  not  exceed  the  number  of  such  shares  that,  when
                  aggregated with all other shares of Common Stock then owned by
                  the Investor  beneficially or deemed beneficially owned by the
                  Investor,  would result in the Investor  owning more than 9.9%
                  of all of such Common  Stock as would be  outstanding  on such
                  Closing Date,  as determined in accordance  with Section 16 of
                  the Exchange Act and the regulations  promulgated  thereunder.
                  For  purposes of this  Section  7.2(j),  in the event that the
                  amount of Common Stock outstanding as determined in accordance
                  with  Section  16 of the  Exchange  Act  and  the  regulations
                  promulgated  thereunder  is greater on a Closing  Date than on
                  the date upon which the Optional  Purchase  Notice  associated
                  with such  Closing  Date is given,  the amount of Common Stock
                  outstanding  on such Closing Date shall govern for purposes of
                  determining   whether  the  Investor,   when  aggregating  all
                  purchases of Common Stock made pursuant to this Agreement and,
                  if any,  Shares,  would own more than 9.9% of the Common Stock
                  following such Closing Date.

                           (k)  Cross  Default.  The  Company  shall  not  be in
                  default of a term,  covenant,  warranty or  undertaking of any
                  other agreement to which the Company and Investor are parties,
                  nor shall there have  occurred  an event of default  under any
                  such other agreement,  in each case which default would have a
                  material  adverse  effect on the  financial  condition  of the
                  Company  or  the   Company's   ability  to  comply   with  its
                  obligations to the Investor.

                           (l)  Minimum  Average  Trading  Volume.  The  average
                  trading  volume for the Common Stock over the previous  thirty
                  (30) Trading Days equals or exceeds  75,000 shares per Trading
                  Day.

                           (m) No Knowledge. The Company shall have no knowledge
                  of any  event  more  likely  than  not to have the  effect  of
                  causing  such  Registration   Statement  to  be  suspended  or
                  otherwise  ineffective (which event is more likely than not to
                  occur within the fifteen  Trading Days  following  the Trading
                  Day on which such Notice is deemed delivered).

                           (n) Trading  Cushion.  The Trading Cushion shall have
                  elapsed  since the  immediately  preceding  Optional  Purchase
                  Date.

                           (o)  Shareholder  Vote.  The  issuance  of  shares of
                  Common Stock with respect to the applicable  Closing,  if any,
                  shall not violate the shareholder approval requirements of the
                  Principal Market.

                           (p) Escrow  Agreement.  The parties hereto shall have
                  entered into a mutually  acceptable  escrow  agreement for the
                  Purchase  Prices  due  hereunder,   providing  for

                                       17
<PAGE>

                  reasonable  interest  on any funds  deposited  into the escrow
                  account established under such agreement.

                           (q) Other. On each Condition  Satisfaction  Date, the
                  Investor  shall have  received and been  reasonably  satisfied
                  with such other  certificates and documents as shall have been
                  reasonably requested by the Investor in order for the Investor
                  to confirm the Company's  satisfaction  of the  conditions set
                  forth in this Section 7.2., including,  without limitation,  a
                  certificate in substantially the form and substance of Exhibit
                  C hereto,  executed in either case by an executive  officer of
                  the Company and to the effect that all the  conditions to such
                  Closing shall have been  satisfied as at the date of each such
                  certificate.

                                  ARTICLE VIII

         DUE DILIGENCE REVIEW; NON-DISCLOSURE OF NON-PUBLIC INFORMATION

         Section 8.1 Due Diligence Review.  The Company shall make available for
inspection and review by the Investor,  advisors to and  representatives  of the
Investor  (who  may or may  not be  affiliated  with  the  Investor  and who are
reasonably  acceptable to the Company),  any  underwriter  participating  in any
disposition of the Registrable  Securities on behalf of the Investor pursuant to
the  Registration  Statement,  any such  registration  statement or amendment or
supplement  thereto or any blue sky,  NASD or other  filing,  all  financial and
other  records,  all SEC Documents and other filings with the SEC, and all other
corporate documents and properties of the Company as may be reasonably necessary
for the purpose of such review, and cause the Company's officers,  directors and
employees to supply all such information reasonably requested by the Investor or
any  such  representative,  advisor  or  underwriter  in  connection  with  such
Registration  Statement  (including,  without  limitation,  in  response  to all
questions  and other  inquiries  reasonably  made or  submitted by any of them),
prior to and  from  time to time  after  the  filing  and  effectiveness  of the
Registration  Statement  for the sole  purpose of enabling the Investor and such
representatives,  advisors and underwriters and their respective accountants and
attorneys  to conduct  initial  and ongoing due  diligence  with  respect to the
Company and the accuracy of the Registration Statement.

         Section 8.2       Non-Disclosure of Non-Public Information.
                           ----------------------------------------

                           (a) Except as  disclosed  to the  Investor in writing
prior to the date hereof,  the Company  represents and warrants that the Company
and its  officers,  directors,  employees  and  agents  have not  disclosed  any
non-public  information to the Investor or advisors to or representatives of the
Investor.   The  Company  covenants  and  agrees  that  it  shall  refrain  from
disclosing,  and shall cause its  officers,  directors,  employees and agents to
refrain from disclosing,  (including, without limitation, in connection with the
giving of the Adjustment Period Notice pursuant to Section 2.4), unless prior to
disclosure of such information the Company  identifies such information as being
non-public   information   and  provides  the   Investor,   such   advisors  and
representatives  with the  opportunity  to  accept  or  refuse  to  accept  such
non-public information for review. The Company may, as a condition to disclosing
any  non-public  information  hereunder,  require the  Investor's  advisors  and
representatives  to enter into a  confidentiality  agreement in form  reasonably
satisfactory to the Company and the Investor.

                                       18
<PAGE>

                           (b) The Company acknowledges and understands that the
Investor is entering into this Agreement and the  Registration  Rights Agreement
at the request of the Company  and in good faith  reliance on (i) the  Company's
representation  set forth in Section  4.16 that  neither it nor its agents  have
disclosed  to the Investor any  material  non-public  information;  and (ii) the
Company's  covenant  set forth in Section 6.10 that if all or any portion of the
information  disclosed  to the  Investor  in  writing  prior to the date  hereof
becomes  material,  the  Company  shall  timely  make full and  complete  public
disclosure  of all or such  portion of such  information  that shall have become
material in accordance with all applicable law.

                           (c)  Nothing  herein  shall  require  the  Company to
disclose   non-public   information   to  the   Investor  or  its   advisors  or
representatives,  and  the  Company  represents  that it  does  not  disseminate
non-public  information  to any investors who purchase stock in the Company in a
public offering, to money managers or to securities analysts, provided, however,
that  notwithstanding  anything  herein to the  contrary,  the Company  will, as
hereinabove provided, immediately notify the advisors and representatives of the
Investor  and,  if any,  underwriters,  of any  event  or the  existence  of any
circumstance   (without  any  obligation  to  disclose  the  specific  event  or
circumstance)  of which it becomes aware,  constituting  non-public  information
(whether or not requested of the Company  specifically  or generally  during the
course of due diligence by such persons or entities), which, if not disclosed in
the  prospectus  included  in  the  Registration   Statement  would  cause  such
prospectus  to  include  a  material  misstatement  or to omit a  material  fact
required to be stated therein in order to make the statements, therein, in light
of the circumstances in which they were made, not misleading.  Nothing contained
in this  Section 8.2 shall be  construed  to mean that such  persons or entities
other than the Investor  (without the written  consent of the Investor  prior to
disclosure of such  information)  may not obtain  non-public  information in the
course  of  conducting  due  diligence  in  accordance  with  the  terms of this
Agreement  and nothing  herein shall  prevent any such persons or entities  from
notifying  the Company of their opinion that based on such due diligence by such
persons  or  entities,  that  the  Registration  Statement  contains  an  untrue
statement of a material  fact or omits a material  fact required to be stated in
the  Registration  Statement  or  necessary  to make  the  statements  contained
therein, in light of the circumstances in which they were made, not misleading.

                                   ARTICLE IX

                                     LEGENDS

         Section 9.1 Legends.  Unless otherwise provided below, each certificate
representing   Registrable  Securities  will  bear  the  following  legend  (the
"Legend"):

         THE SECURITIES  EVIDENCED BY THIS  CERTIFICATE HAVE NOT BEEN REGISTERED
         UNDER THE U.S.  SECURITIES  ACT OF 1933,  AS AMENDED  (THE  "SECURITIES
         ACT"), OR ANY OTHER APPLICABLE  SECURITIES LAWS AND HAVE BEEN ISSUED IN
         RELIANCE UPON AN EXEMPTION FROM THE  REGISTRATION  REQUIREMENTS  OF THE
         SECURITIES ACT AND SUCH OTHER  SECURITIES  LAWS.  NEITHER THIS SECURITY
         NOR ANY  INTEREST  OR  PARTICIPATION  HEREIN  MAY BE  REOFFERED,  SOLD,
         ASSIGNED, TRANSFERRED,  PLEDGED, ENCUMBERED,  HYPOTHECATED OR OTHERWISE
         DISPOSED OF, EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT

                                       19
<PAGE>

         UNDER THE  SECURITIES  ACT OR PURSUANT TO A TRANSACTION  THAT IS EXEMPT
         FROM,  OR NOT  SUBJECT  TO,  SUCH  REGISTRATION.  THE  HOLDER  OF  THIS
         CERTIFICATE IS THE  BENEFICIARY  OF CERTAIN  OBLIGATIONS OF THE COMPANY
         SET  FORTH  IN  A  PRIVATE  EQUITY  LINE  OF  CREDIT   AGREEMENT  AMONG
         WEALTHHOUND.COM,  INC. AND CERTAIN INVESTORS DATED JULY 3, 2000. A COPY
         OF THE PORTION OF THE AFORESAID  AGREEMENT  EVIDENCING SUCH OBLIGATIONS
         MAY BE OBTAINED FROM THE COMPANY'S EXECUTIVE OFFICES.

         Upon the execution and delivery  hereof,  the Company is issuing to the
transfer  agent for its  Common  Stock  (and to any  substitute  or  replacement
transfer  agent for its Common Stock upon the Company's  appointment of any such
substitute or replacement transfer agent) instructions in substantially the form
of Exhibit D hereto.  Such instructions shall be irrevocable by the Company from
and after the date  hereof or from and after the  issuance  thereof  to any such
substitute  or  replacement  transfer  agent,  as the  case  may be,  except  as
otherwise  expressly  provided in the Registration  Rights Agreement.  It is the
intent and purpose of such  instructions,  as provided  therein,  to require the
transfer  agent  for  the  Common  Stock  from  time to time  upon  transfer  of
Registrable  Securities by the Investor to issue  certificates  evidencing  such
Registrable Securities free of the Legend during the following periods and under
the following  circumstances and without consultation by the transfer agent with
the  Company or its  counsel  and  without  the need for any  further  advice or
instruction or documentation to the transfer agent by or from the Company or its
counsel or the Investor:

                  (a) at any time after the Effective  Date,  upon  surrender of
         one or more certificates  evidencing Common Stock that bear the Legend,
         to the extent  accompanied  by a notice  requesting the issuance of new
         certificates free of the Legend to replace those surrendered;  provided
         that (i) the Registration  Statement shall then be effective;  (ii) the
         Investor  confirms to the transfer  agent that it has sold,  pledged or
         otherwise  transferred or agreed to sell, pledge or otherwise  transfer
         such Common Stock in a bona fide  transaction  to a third party that is
         not an affiliate of the Company; and (iii) the Investor confirms to the
         transfer  agent that the  Investor  has  complied  with the  prospectus
         delivery requirement; and

                  (b) at any time upon any surrender of one or more certificates
         evidencing  Registrable  Securities that bear the Legend, to the extent
         accompanied  by a notice  requesting  the issuance of new  certificates
         free  of  the  Legend  to  replace  those  surrendered  and  containing
         representations  that (i) the  Investor is permitted to dispose of such
         Registrable  Securities  without  limitation  as to amount or manner of
         sale  pursuant  to Rule  144(k)  under the  Securities  Act or (ii) the
         Investor has sold, pledged or otherwise  transferred or agreed to sell,
         pledge or otherwise  transfer such  Registrable  Securities in a manner
         other  than  pursuant  to an  effective  registration  statement,  to a
         transferee who will upon such transfer be entitled to freely  tradeable
         securities.  Any of the notices  referred to above in this  Section 9.1
         may be sent by facsimile to the Company's transfer agent.

         Section 9.2 No Other Legend or Stock Transfer  Restrictions.  No legend
other than the one  specified  in Section 9.1 has been or shall be placed on the
share  certificates  representing  the Common Stock and no instructions or "stop
transfers   orders,"  so  called,   "stock  transfer   restrictions,"  or  other

                                       20
<PAGE>

restrictions  have been or shall be given to the Company's  transfer  agent with
respect thereto other than as expressly set forth in this Article IX.

         Section 9.3  Investor's  Compliance.  Nothing in this  Article IX shall
affect in any way the Investor's  obligations under any agreement to comply with
all applicable securities laws upon resale of the Common Stock.

                                    ARTICLE X

                               CHOICE OF LAW/VENUE

         Section 10.1 Choice of Law/Venue.  This Agreement and the  Registration
Rights  Agreement shall be governed by and construed in accordance with the laws
of the State of New York without  regard to principles of conflicts of laws. Any
action  brought by either party against the other  concerning  the  transactions
contemplated  by this Agreement or the  Registration  Rights  Agreement shall be
brought only in the state courts of New York or in the federal courts located in
the state of New York. Both parties and the individuals executing this Agreement
and  other  agreements  on  behalf  of  the  Company  agree  to  submit  to  the
jurisdiction of such courts and waive trial by jury. The prevailing  party shall
be entitled to recover from the other party its reasonable  attorney's  fees and
costs.  In the event that any provision of this Agreement or any other agreement
delivered  in  connection   herewith  is  invalid  or  unenforceable  under  any
applicable  statute  or  rule  of law,  then  such  provision  shall  be  deemed
inoperative  to the extent that it may  conflict  therewith  and shall be deemed
modified to conform with such statute or rule of law. Any such  provision  which
may prove invalid or  unenforceable  under any law shall not affect the validity
or enforceability of any other provision of any agreement.

                                   ARTICLE XI

              ASSIGNMENT; ENTIRE AGREEMENT, AMENDMENT; TERMINATION

         Section 11.1  Assignment.  Neither this Agreement nor any rights of the
Investor or the Company  hereunder  may be assigned by either party to any other
person.  Notwithstanding  the  foregoing,  (a) the  provisions of this Agreement
shall inure to the benefit of, and be  enforceable  by, and be binding upon, any
transferee  of any of the Common  Stock  purchased  or acquired by the  Investor
hereunder  with  respect to the Common  Stock held by such  person  unless  such
Common Stock is free from restrictions on further transfer of such Common Stock,
and (b) the  Investor's  interest in this Agreement may be assigned at any time,
in whole or in part, to any other person or entity  (including  any affiliate of
the Investor)  effective upon written  notice to the Company.  The Company shall
have the  right to  require  any  assignee  to  execute  a  counterpart  of this
Agreement.

         Section 11.2  Termination.  This Agreement shall terminate  twenty-four
(24) months after the commencement of the Commitment Period; provided,  however,
that the  provisions of Articles VI, VIII,  IX, X, XI, and XII shall survive the
termination of this Agreement.

         Section  11.3  Entire  Agreement,  Amendment.  This  Agreement  and the
Registration Rights Agreement  constitute the full and entire  understanding and
agreement  between the parties with regard to the  subjects  hereof and thereof,
and no party  shall be liable or bound to any other  party in any  manner by any
warranties,  representations  or covenants  except as specifically  set forth in
this  Agreement  or therein.

                                       21
<PAGE>

Except as expressly  provided in this Agreement,  neither this Agreement nor any
term hereof may be amended,  waived,  discharged or  terminated  other than by a
written instrument signed by both parties hereto.

                                   ARTICLE XII

                            NOTICES; INDEMNIFICATION

         Section  12.1  Notices.  All  notices,  demands,  requests,   consents,
approvals,  and other communications required or permitted hereunder shall be in
writing and, unless otherwise specified herein,  shall be (i) personally served,
(ii) deposited in the mail,  registered or certified,  return receipt requested,
postage  prepaid,  (iii) delivered by reputable air courier service with charges
prepaid, or (iv) transmitted by hand delivery, telegram, or facsimile, addressed
as set forth below or to such other  address as such party shall have  specified
most recently by written notice. Any notice or other  communication  required or
permitted to be given hereunder shall be deemed effective (a) upon hand delivery
or  delivery  by  facsimile,   with  accurate  confirmation   generated  by  the
transmitting  facsimile  machine,  at the address or number designated below (if
delivered on a business day during normal business hours where such notice is to
be received),  or the first  business day following  such delivery (if delivered
other than on a business day during normal  business  hours where such notice is
to be received) or (b) on the second  business day following the date of mailing
by express courier service,  fully prepaid,  addressed to such address,  or upon
actual receipt of such mailing,  whichever shall first occur.  The addresses for
such communications shall be:

     If to Wealthhound.com, Inc.:

         Wealthhound.com, Inc.
         11 Broadway, Suite 260
         New York, New York 10004
         Telecopier: (212) 509-6186

   with a copy to (which communication shall not constitute notice):

         Melvin Weinberg, Esq.
         Parker Chapin LLP
         405 Lexington Avenue
         New York, NY 10174
         Telecopier: (212) 704-6288

     If to the Investor:

         To the address and telecopier number set forth on Schedule A hereto

     with a copy to (which communication shall not constitute notice):

         Grushko & Mittman, P.C.

                                       22
<PAGE>

         551 Fifth Avenue, Suite 1601
         New York, New York 10176
         Telecopier: (212) 697-3575

Either party hereto may from time to time change its address or facsimile number
for  notices  under this  Section  12.1 by giving at least ten (10) days'  prior
written  notice of such changed  address or facsimile  number to the other party
hereto.

         Section 12.2      Indemnification.
                           ---------------

                           (a) The Company agrees to indemnify and hold harmless
the Investor, its partners, Affiliates, officers, directors, employees, and duly
authorized  agents, and each Person or entity, if any, who controls the Investor
within the  meaning of  Section  15 of the  Securities  Act or Section 20 of the
Exchange  Act,  together  with  the  Controlling  Persons  (as  defined  in  the
Registration  Rights Agreement) from and against any Damages,  joint or several,
and any  action  in  respect  thereof  to  which  the  Investor,  its  partners,
Affiliates,  officers, directors, employees, and duly authorized agents, and any
such Controlling  Person becomes subject to,  resulting from,  arising out of or
relating to any  misrepresentation,  breach of warranty or  nonfulfillment of or
failure to perform any covenant or agreement on the part of Company contained in
this Agreement in any event as such Damages are incurred.

                           (b)  The  Investor   agrees  to  indemnify  and  hold
harmless the Company, its partners, Affiliates,  officers, directors, employees,
and duly authorized  agents, and each Person or entity, if any, who controls the
Investor within the meaning of Section 15 of the Securities Act or Section 20 of
the  Exchange  Act,  together  with the  Controlling  Persons (as defined in the
Registration  Rights Agreement) from and against any Damages,  joint or several,
and  any  action  in  respect  thereof  to  which  the  Company,  its  partners,
Affiliates,  officers, directors, employees, and duly authorized agents, and any
such Controlling  Person becomes subject to,  resulting from,  arising out of or
relating to any  misrepresentation,  breach of warranty or  nonfulfillment of or
failure to perform any covenant or  agreement on the part of Investor  contained
in this Agreement in an aggregate amount not to exceed  one-quarter of each such
Investor's Proportionate Share.

         Section 12.3 Method of Asserting Indemnification Claims. All claims for
indemnification  by any Indemnified  Party (as defined below) under Section 12.2
will be asserted and resolved as follows:

                           (a) In the event any  claim or demand in  respect  of
which any person  claiming  indemnification  under any provision of Section 12.2
(an  "Indemnified  Party") might seek  indemnity  under Section 12.2 is asserted
against or sought to be collected from such Indemnified  Party by a person other
than the  Company,  the  Investor or any  affiliate  of the Company or (a "Third
Party  Claim"),  the  Indemnified  Party shall  deliver a written  notification,
enclosing a copy of all papers served,  if any, and specifying the nature of and
basis for such  Third  Party  Claim and for the  Indemnified  Party's  claim for
indemnification  that is being  asserted  under any  provision  of Section  12.2
against any person (the "Indemnifying  Party"),  together with the amount or, if
not then  reasonably  ascertainable,  the estimated  amount,  determined in good
faith, of such Third Party Claim (a "Claim  Notice") with reasonable  promptness
to the Indemnifying  Party. If the Indemnified  Party fails to provide the Claim
Notice with reasonable promptness after the Indemnified Party receives notice of
such  Third  Party  Claim,  the

                                       23
<PAGE>

Indemnifying Party will not be obligated to indemnify the Indemnified Party with
respect to such Third Party Claim to the extent  that the  Indemnifying  Party's
ability  to  defend  has been  irreparably  prejudiced  by such  failure  of the
Indemnified  Party. The Indemnifying  Party will notify the Indemnified Party as
soon as practicable within the period ending thirty (30) calendar days following
receipt  by the  Indemnifying  Party of either a Claim  Notice  or an  Indemnity
Notice (as defined below) (the "Dispute Period") whether the Indemnifying  Party
disputes its liability or the amount of its liability to the  Indemnified  Party
under Section 12.2 and whether the Indemnifying Party desires,  at its sole cost
and expense, to defend the Indemnified Party against such Third Party Claim.

                  1. If the  Indemnifying  Party notifies the Indemnified  Party
within the Dispute  Period  that the  Indemnifying  Party  desires to defend the
Indemnified Party with respect to the Third Party Claim pursuant to this Section
12.3(a), then the Indemnifying Party will have the right to defend, with counsel
reasonably  satisfactory to the Indemnified  Party, at the sole cost and expense
of  the  Indemnifying   Party,   such  Third  Party  Claim  by  all  appropriate
proceedings,  which proceedings will be vigorously and diligently  prosecuted by
the  Indemnifying  Party  to a  final  conclusion  or  will  be  settled  at the
discretion  of  the  Indemnifying  Party  (but  only  with  the  consent  of the
Indemnified  Party in the case of any  settlement  that  provides for any relief
which affects the Indemnified  Party, other than the payment of monetary damages
or that provides for the payment of monetary damages as to which the Indemnified
Party  will  not  be  indemnified  in  full  pursuant  to  Section  12.2).   The
Indemnifying  Party will have full  control  of such  defense  and  proceedings,
including any  compromise or settlement  thereof;  provided,  however,  that the
Indemnified Party may, at the sole cost and expense of the Indemnified Party, at
any time prior to the Indemnifying Party's delivery of the notice referred to in
the first sentence of this clause 1, file any motion,  answer or other pleadings
or take any other action that the Indemnified  Party  reasonably  believes to be
necessary or appropriate to protect its interests; and provided further, that if
requested by the  Indemnifying  Party,  the Indemnified  Party will, at the sole
cost and expense of the Indemnifying  Party,  provide reasonable  cooperation to
the Indemnifying Party in contesting any Third Party Claim that the Indemnifying
Party  elects to contest.  The  Indemnified  Party may  participate  in, but not
control,  any defense or settlement  of any Third Party Claim  controlled by the
Indemnifying  Party  pursuant  to this  clause 1, and except as  provided in the
preceding  sentence,  the Indemnified Party will bear its own costs and expenses
with  respect  to  such  participation.   Notwithstanding  the  foregoing,   the
Indemnified  Party may take over the control of the defense or  settlement  of a
Third Party Claim at any time if it  irrevocably  waives its right to  indemnity
under Section 12.2 with respect to such Third Party Claim.

                  2. If the  Indemnifying  Party fails to notify the Indemnified
Party within the Dispute  Period that the  Indemnifying  Party desires to defend
the Third Party Claim pursuant to Section 12.3(a),  or if the Indemnifying Party
gives such notice but fails to prosecute vigorously and diligently or settle the
Third  Party  Claim,  or if the  Indemnifying  Party  fails to give  any  notice
whatsoever  within the Dispute Period,  then the Indemnified Party will have the
right to defend,  at the sole cost and expense of the  Indemnifying  Party,  the
Third Party Claim by all  appropriate  proceedings,  which  proceedings  will be
prosecuted by the Indemnified  Party in a reasonable manner and in good faith or
will be settled at the discretion of the Indemnified  Party (with the consent of
the Indemnifying  Party, which consent will not be unreasonably  withheld).  The
Indemnified  Party  will have full  control  of such  defense  and  proceedings,
including any  compromise  or settlement  thereof;  provided,  however,  that if
requested by the Indemnified  Party,  the  Indemnifying  Party will, at the sole
cost and expense of the Indemnifying  Party,  provide reasonable  cooperation to
the Indemnified  Party and its counsel in contesting any Third Party Claim which
the Indemnified Party is contesting. Notwithstanding the foregoing provisions of
this clause 2, if the  Indemnifying  Party has  notified the  Indemnified  Party
within the Dispute Period that the

                                       24
<PAGE>

Indemnifying  Party  disputes  its  liability  or the  amount  of its  liability
hereunder to the Indemnified Party with respect to such Third Party Claim and if
such  dispute  is  resolved  in favor of the  Indemnifying  Party in the  manner
provided in clause 3 below, the Indemnifying  Party will not be required to bear
the costs and  expenses  of the  Indemnified  Party's  defense  pursuant to this
clause 2 or of the Indemnifying Party's participation therein at the Indemnified
Party's request, and the Indemnified Party will reimburse the Indemnifying Party
in full for all reasonable costs and expenses incurred by the Indemnifying Party
in connection with such litigation.  The Indemnifying  Party may participate in,
but not control,  any defense or settlement  controlled by the Indemnified Party
pursuant  to this clause 2, and the  Indemnifying  Party will bear its own costs
and expenses with respect to such participation.

                  3. If the  Indemnifying  Party notifies the Indemnified  Party
that it does not dispute its  liability  or the amount of its  liability  to the
Indemnified  Party with  respect to the Third Party Claim under  Section 12.2 or
fails to notify the  Indemnified  Party  within the Dispute  Period  whether the
Indemnifying  Party disputes its liability or the amount of its liability to the
Indemnified Party with respect to such Third Party Claim, the Loss in the amount
specified  in the Claim  Notice will be  conclusively  deemed a liability of the
Indemnifying  Party under Section 12.2 and the Indemnifying  Party shall pay the
amount of such Loss to the  Indemnified  Party on  demand.  If the  Indemnifying
Party has timely  disputed  its  liability or the amount of its  liability  with
respect to such claim,  the  Indemnifying  Party and the Indemnified  Party will
proceed in good faith to  negotiate a  resolution  of such  dispute,  and if not
resolved through  negotiations  within the Resolution Period, such dispute shall
be resolved by  arbitration  in  accordance  with  paragraph (c) of this Section
12.3.

                           (b) In the event any Indemnified  Party should have a
claim under Section 12.2 against the Indemnifying  Party that does not involve a
Third Party Claim, the Indemnified Party shall deliver a written notification of
a claim for indemnity  under Section 12.2 specifying the nature of and basis for
such claim,  together with the amount or, if not then reasonably  ascertainable,
the estimated  amount,  determined in good faith,  of such claim (an  "Indemnity
Notice") with reasonable  promptness to the  Indemnifying  Party. The failure by
any Indemnified Party to give the Indemnity Notice shall not impair such party's
rights hereunder except to the extent that the Indemnifying  Party  demonstrates
that it has been  irreparably  prejudiced  thereby.  If the  Indemnifying  Party
notifies the Indemnified  Party that it does not dispute the claim or the amount
of the  claim  described  in such  Indemnity  Notice  or  fails  to  notify  the
Indemnified  Party  within the Dispute  Period  whether the  Indemnifying  Party
disputes  the  claim or the  amount  of the claim  described  in such  Indemnity
Notice,  the  Loss in the  amount  specified  in the  Indemnity  Notice  will be
conclusively deemed a liability of the Indemnifying Party under Section 12.2 and
the  Indemnifying  Party  shall pay the  amount of such Loss to the  Indemnified
Party on demand. If the Indemnifying  Party has timely disputed its liability or
the amount of its liability with respect to such claim, the  Indemnifying  Party
and the  Indemnified  Party will proceed in good faith to negotiate a resolution
of such dispute,  and if not resolved through negotiations within the Resolution
Period,  such  dispute  shall be  resolved by  arbitration  in  accordance  with
paragraph (c) of this Section 12.3.

                                  ARTICLE XIII

                                  MISCELLANEOUS

         Section  13.1 Fees and  Expenses.  Each of the Company and the Investor
agrees to pay its own expenses  incident to the  performance of its  obligations
hereunder,  except that the Company shall pay the

                                       25
<PAGE>

reasonable  fees,  expenses and  disbursements  of the Investor's  counsel in an
amount not less than $1,500 per Closing.

         Section 13.2 Brokerage.  Each of the parties hereto  represents that it
has had no  dealings  in  connection  with this  transaction  with any finder or
broker who will  demand  payment of any fee or  commission  from the other party
except as described on Schedule 13.2("Finder"). The Company agrees to pay to the
Finder a fee equal to twelve  percent (12%)  ("Finder's  Fee") of the Investment
Amount actually  received by the Company,  as set forth on Schedule 13.2 hereto.
Said sum shall be paid out of the  escrow  account  established  for  deposit of
Investment Amounts.  The Finder shall also receive the Warrants in the aggregate
amount set forth on Schedule 13.2 hereto. A form of Warrant is annexed hereto as
Exhibit E. The Warrants  shall be issued upon the  execution of this  Agreement.
The per share  purchase  price of the  Warrants  is set forth on  Schedule  13.2
hereto.  The  Finders  are  granted  the  registration  rights  set forth in the
Registration  Rights Agreement with respect to the Warrant Shares. The Company's
obligations to the Finders is binding even if the Registration  Rights Agreement
is not  signed  by the  Finders.  A  default  by the  Company  of the  Company's
obligations  to the Finders  shall be deemed a default  under the  Agreement and
shall  terminate the  Investment  Obligation.  The Investment  Obligation  shall
terminate  if the Finder  does not receive  the  Finder's  Fee or Warrants on or
before a Closing  Date or if the  Warrants  deliverable  upon  execution of this
Agreement  are not  delivered  within  five  (5) days of the  execution  of this
Agreement.  The Company on the one hand,  and the  Investor,  on the other hand,
agree to indemnify  the other  against and hold the other  harmless from any and
all liabilities to any other persons claiming brokerage  commissions or finder's
fees on account of  services  purported  to have been  rendered on behalf of the
indemnifying  party  in  connection  with  this  Agreement  or the  transactions
contemplated hereby.

         Section 13.3  Counterparts.  This Agreement may be executed in multiple
counterparts,  each of which may be executed by less than all of the parties and
shall be deemed to be an original  instrument which shall be enforceable against
the parties actually executing such counterparts and all of which together shall
constitute one and the same instrument.

         Section 13.4 Entire Agreement.  This Agreement, the Exhibits hereto and
the   Registration   Rights   Agreement  set  forth  the  entire  agreement  and
understanding  of  the  parties  relating  to  the  subject  matter  hereof  and
supersedes  all  prior  and   contemporaneous   agreements,   negotiations   and
understandings  between  the  parties,  both oral and  written  relating  to the
subject  matter  hereof.  The  terms  and  conditions  of all  Exhibits  to this
Agreement are incorporated herein by this reference and shall constitute part of
this Agreement as if fully set forth herein.

         Section 13.5 Survival;  Severability. The representations,  warranties,
covenants  and  agreements  of the parties  hereto  shall  survive  each Closing
hereunder.  In the event  that any  provision  of this  Agreement  becomes or is
declared by a court of competent  jurisdiction to be illegal,  unenforceable  or
void,  this  Agreement  shall  continue  in full force and effect  without  said
provision; provided that such severability shall be ineffective if it materially
changes the economic benefit of this Agreement to any party.

         Section 13.6 Title and Subtitles. The titles and subtitles used in this
Agreement  are  used  for  convenience  only  and  are not to be  considered  in
construing or interpreting this Agreement.

                                       26
<PAGE>

         Section  13.7  Reporting  Entity for the Common  Stock.  The  reporting
entity relied upon for the  determination of the VWAP,  trading price or trading
volume of the Common  Stock on any given  Trading  Day for the  purposes of this
Agreement shall be Bloomberg,  L.P. or any successor thereto. The written mutual
consent of the  Investor  and the Company  shall be required to employ any other
reporting entity.

                      [THIS SPACE INTENTIONALLY LEFT BLANK]

                                       27
<PAGE>

         IN WITNESS WHEREOF,  the parties hereto have caused this Private Equity
Line of Credit  Agreement  to be executed  by the  undersigned,  thereunto  duly
authorized, as of the date first set forth above.

                                     WEALTHHOUND.COM, INC.

                                     By: /s/ Alex W. Comandini
                                        ------------------------
                                        Name: Alex W. Comandini
                                        Title: President

                                      /s/ Hans Gassner
                                      -----------------------------------------
                                          JADESBURG LIMITED - Investor
                                          Hans Gassner, Director

                                       28THIS WARRANT AND THE COMMON  SHARES  ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE
NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED,  OR APPLICABLE
STATE SECURITIES LAWS. THIS WARRANT AND THE COMMON SHARES ISSUABLE UPON EXERCISE
OF THIS WARRANT MAY NOT BE SOLD,  OFFERED FOR SALE,  PLEDGED OR  HYPOTHECATED IN
THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS TO THIS WARRANT UNDER SAID
ACT AND APPLICABLE  STATE  SECURITIES  LAWS OR AN OPINION OF COUNSEL  REASONABLY
SATISFACTORY TO WEALTHHOUND.COM, INC. THAT SUCH REGISTRATION IS NOT REQUIRED.

                              Right to Purchase [4,000,000 2,000,000] Shares of
                              Common Stock of WEALTHHOUND.COM, INC. (subject to
                              adjustment as provided herein)

                          COMMON STOCK PURCHASE WARRANT

                                  [EQUITY LINE]

No. ____                                               Issue Date: July 3, 2000

         WEALTHHOUND.COM,  INC., a corporation  organized  under the laws of the
State of Florida (the  "Company"),  hereby  certifies  that, for value received,
[_________],  or assigns, is entitled,  subject to the terms set forth below, to
purchase  from the Company from and after the Issue Date and at any time or from
time to time before 5:00 p.m., New York time,  through four (4) years after such
date (the "Expiration Date"), up to [____________________] (subject to reduction
as  provided  below)  fully paid and  nonassessable  shares of Common  Stock (as
hereinafter  defined),  $.001 par value per share, of the Company, at a purchase
price of [___________] per share (such purchase price per share as adjusted from
time to time as herein provided is referred to herein as the "Purchase  Price").
The number and  character of such shares of Common Stock and the Purchase  Price
are subject to adjustment as provided herein.

         As used  herein  the  following  terms,  unless the  context  otherwise
requires, have the following respective meanings:

         (a) The term Company shall include Wealthhound.com, Inc. and any
corporation which shall succeed or assume the obligations of Wealthhound.com,
Inc. hereunder.

         (b) The term "Common  Stock"  includes (a) the Company's  Common Stock,
$.001par value per share,  as authorized on the date of the  Agreement,  (b) any
other capital stock of any class or classes (however designated) of the Company,
authorized  on or after such date,  the  holders of which  shall have the right,
without  limitation as to amount,  either to all or to a share of the balance of
current  dividends and liquidating  dividends after the payment of dividends and
distributions  on any shares  entitled to  preference,  and the holders of which
shall ordinarily,  in the absence of contingencies,  be entitled to vote for the
election of a majority of directors of the Company (even if the right so to vote
has been  suspended by the  happening of such a  contingency)  and (c) any other
securities into which or for which any of the securities described in (a) or (b)
may  be  converted  or  exchanged  pursuant  to  a  plan  of   recapitalization,
reorganization, merger, sale of assets or otherwise.

         (c) The term "Other  Securities" refers to any stock (other than Common
Stock) and other  securities  of the Company or any other person  (corporate  or
otherwise)  which the holder of the  Warrant at any time  shall be  entitled  to
receive,  or shall have received,  on the exercise of the Warrant, in lieu of or
in  addition  to Common  Stock,  or which at any time shall be issuable or shall
have been  issued in exchange  for or in  replacement  of Common  Stock or Other
Securities pursuant to Section 4 or otherwise.

                                       1
<PAGE>

         1.       Exercise of Warrant.
                  --------------------

                  1.1. Number of Shares  Issuable upon Exercise.  From and after
the date hereof  through and including the  Expiration  Date,  the holder hereof
shall  be  entitled  to  receive,  upon  exercise  of this  Warrant  in whole in
accordance  with the terms of subsection 1.2 or upon exercise of this Warrant in
part in accordance  with  subsection 1.3, shares of Common Stock of the Company,
subject to adjustment pursuant to Section 4.

                  1.2. Full  Exercise.  This Warrant may be exercised in full by
the holder  hereof by surrender of this Warrant,  with the form of  subscription
attached as Exhibit A hereto  (the  "Subscription  Form") duly  executed by such
holder,  to the Company at its principal  office or at the office of its Warrant
agent (as  provided  in  Section  11),  accompanied  by  payment,  in cash or by
certified or official  bank check  payable to the order of the  Company,  in the
amount  obtained by  multiplying  the number of shares of Common Stock for which
this Warrant is then exercisable by the Purchase Price (as hereinafter  defined)
then in effect.

                  1.3. Partial  Exercise.  This Warrant may be exercised in part
(but not for a fractional  share) by surrender of this Warrant in the manner and
at the place  provided in subsection  1.2 except that the amount  payable by the
holder on such partial  exercise shall be the amount obtained by multiplying (a)
the  number  of  shares  of  Common  Stock  designated  by  the  holder  in  the
Subscription  Form by (b) the Purchase Price then in effect. On any such partial
exercise,  the Company,  at its expense,  will forthwith issue and deliver to or
upon the order of the holder hereof a new Warrant of like tenor,  in the name of
the  holder  hereof  or as such  holder  (upon  payment  by such  holder  of any
applicable  transfer taxes),  may request,  the number of shares of Common Stock
for which such Warrant may still be exercised.

                  1.4. Limitation on Exercise. In the event the Company properly
exercises  its right to give an Optional  Purchase  Notice as  described  in the
Private Equity Line Credit Agreement  ("Credit  Agreement")  entered into by the
Company  and  certain  Investors  at or about the Issue Date of this  Warrant in
relation  to  $12,200,000  of  Commitment  Amount  (as  defined  in  the  Credit
Agreement) and one or more Investors  identified in the Credit  Agreement do not
comply with their  agreement to purchase Common Stock of the Company (as defined
in the Credit Agreement) (a "Commitment Default"),  then the number of shares of
Common Stock issuable upon exercise of this Warrant shall be reduced.  Upon each
occurrence  of a  Commitment  Default,  the  number of  shares  of Common  Stock
issuable upon exercise of this Warrant shall be: the maximum  purchasable number
of shares of Common  Stock as set forth  above  multiplied  by a  fraction,  the
numerator  of which is the amount of  Commitment  Amount in  relation to which a
Commitment  Default has not occurred,  and the  denominator of which is equal to
the Commitment  Amount. The result so obtained is the number of shares of Common
Stock  issuable upon full exercise of this Warrant.  There shall be no reduction
in the amount of Common Shares issuable upon exercise of this Warrant unless and
until the occurrence of a Commitment  Default.  Under no circumstances and in no
event will the  Warrant  Holder be  required to return to the Company or forfeit
any  Common  Shares  received  or  receivable  upon  exercise  of  this  Warrant
regardless  of the  occurrence of a Commitment  Default after  compliance by the
Warrant Holder with the exercise  procedure set forth in this Warrant whether or
not the Company has or has not issued the Common Stock issuable upon exercise of
this Warrant.

                  1.5. Fair Market Value. Fair Market Value of a share of Common
Stock as of a  particular  date (the  "Determination  Date") shall mean the Fair
Market Value of a share of the Company's  Common  Stock.  Fair Market Value of a
share of Common Stock as of a Determination Date shall mean:

                           (a) If the  Company's  Common  Stock is  traded on an
exchange or is quoted on

                                       2
<PAGE>

the  National  Association  of  Securities  Dealers,  Inc.  Automated  Quotation
("NASDAQ")  National  Market  System or the  NASDAQ  SmallCap  Market,  then the
closing or last sale price,  respectively,  reported  for the last  business day
immediately preceding the Determination Date.

                           (b) If the Company's Common Stock is not traded on an
exchange or on the NASDAQ  National  Market System or the NASDAQ SmallCap Market
but is traded in the  over-the-counter  market, then the mean of the closing bid
and asked prices  reported for the last business day  immediately  preceding the
Determination Date.

                           (c) Except as  provided  in clause (d) below,  if the
Company's  Common  Stock is not  publicly  traded,  then as the  Holder  and the
Company agree or in the absence of agreement by arbitration  in accordance  with
the rules then standing of the American Arbitration Association, before a single
arbitrator  to be chosen  from a panel of persons  qualified  by  education  and
training to pass on the matter to be decided.

                           (d) If  the  Determination  Date  is  the  date  of a
liquidation, dissolution or winding up, or any event deemed to be a liquidation,
dissolution or winding up pursuant to the Company's charter, then all amounts to
be payable per share to holders of the Common  Stock  pursuant to the charter in
the event of such liquidation, dissolution or winding up, plus all other amounts
to be payable per share in respect of the Common Stock in liquidation  under the
charter,  assuming for the purposes of this clause (d) that all of the shares of
Common Stock then issuable upon exercise of all of the Warrants are  outstanding
at the Determination Date.

                  1.6. Company Acknowledgment.  The Company will, at the time of
the exercise of the Warrant,  upon the request of the holder hereof  acknowledge
in writing  its  continuing  obligation  to afford to such  holder any rights to
which  such  holder  shall  continue  to be  entitled  after  such  exercise  in
accordance with the provisions of this Warrant. If the holder shall fail to make
any such request, such failure shall not affect the continuing obligation of the
Company to afford to such holder any such rights.

                  1.7. Trustee for Warrant Holders.  In the event that a bank or
trust  company  shall  have been  appointed  as trustee  for the  holders of the
Warrants  pursuant to Subsection  3.2, such bank or trust company shall have all
the powers and duties of a warrant  agent  appointed  pursuant to Section 10 and
shall accept,  in its own name for the account of the Company or such  successor
person as may be entitled thereto,  all amounts otherwise payable to the Company
or such successor,  as the case may be, on exercise of this Warrant  pursuant to
this Section 1.

         2.1.  Delivery of Stock  Certificates,  etc. on  Exercise.  The Company
agrees that the shares of Common Stock  purchased  upon exercise of this Warrant
shall be deemed to be issued to the holder  hereof as the  record  owner of such
shares as of the close of business on the date on which this Warrant  shall have
been  surrendered  and  payment  made for such shares as  aforesaid.  As soon as
practicable  after the exercise of this  Warrant in full or in part,  and in any
event  within 10 days  thereafter,  the  Company at its expense  (including  the
payment by it of any applicable issue taxes) will cause to be issued in the name
of and delivered to the holder  hereof,  or as such holder (upon payment by such
holder  of  any  applicable  transfer  taxes)  may  direct  in  compliance  with
applicable Securities Laws, a certificate or certificates for the number of duly
and validly  issued,  fully paid and  nonassessable  shares of Common  Stock (or
Other Securities) to which such holder shall be entitled on such exercise, plus,
in lieu of any  fractional  share  to  which  such  holder  would  otherwise  be
entitled,  cash equal to such fraction  multiplied by the then Fair Market Value
of one full  share,  together  with any  other  stock  or other  securities  and
property  (including  cash,  where  applicable) to which such holder is entitled
upon such exercise pursuant to Section 1 or otherwise.

                                       3
<PAGE>

         2.2.     Cashless Exercise.
                  ------------------

                  (a) Payment may be made either in (a) cash or by  certified or
official  bank check or checks  payable to the order of the Company equal to the
applicable aggregate Purchase Price, (ii) by delivery of Warrants,  Common Stock
and/or Common Stock  receivable upon exercise of the Warrants in accordance with
Section (b) below, or (iii) by a combination of any of the foregoing methods for
the number of Common  Shares  specified  in such form (as such  exercise  number
shall be  adjusted to reflect any  adjustment  in the total  number of shares of
Common  Stock  issuable  to the  holder per the terms of this  Warrant)  and the
holder  shall  thereupon  be entitled to receive the number of duly  authorized,
validly issued,  fully-paid and non-assessable  shares of Common Stock (or Other
Securities) determined as provided herein.

                  (b) Notwithstanding any provisions herein to the contrary,  if
the Fair Market  Value of one share of Common Stock is greater than the Purchase
Price (at the date of  calculation  as set forth  below),  in lieu of exercising
this Warrant for cash the holder may elect to receive  shares equal to the value
(as determined  below) of this Warrant (or the portion thereof being  cancelled)
by  surrender of this Warrant at the  principal  office of the Company  together
with the properly  endorsed  Subscription  Form in which event the Company shall
issue to the  holder a number  of  shares of  Common  Stock  computed  using the
following formula:

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

                  Where    X=       the number of shares of Common Stock to be
                                    issued to the holder

                           Y=       the   number  of  shares  of  Common   Stock
                                    purchasable  under the Warrant or, if only a
                                    portion of the  Warrant is being  exercised,
                                    the portion of the Warrant  being  exercised
                                    (at the date of such calculation)

                           A=       the Fair Market Value of one share of the
                                    Company's  Common Stock (at the date
                                    of such calculation)

                           B=       Purchase Price (as adjusted to the date of
                                    such calculation)

                  (c) The Warrant  Holder may elect to pay the Purchase Price in
the manner described in Section  2.2(a)(ii) above only commencing 270 days after
the Issue Date of this Warrant,  and only if the Common Stock  purchasable  upon
exercise of this Warrant at the time of such  exercise is not then included in a
current and effective  registration statement filed pursuant to the Registration
Rights  Agreement  referred  to in the Credit  Agreement  ("Registration  Rights
Agreement").

         3.       Adjustment for Reorganization, Consolidation, Merger, etc.
                  ----------------------------------------------------------

                  3.1.  Reorganization,  Consolidation,  Merger, etc. In case at
any time or from time to time,  the Company  shall (a) effect a  reorganization,
(b)  consolidate  with or merge into any other  person,  or (c)  transfer all or
substantially all of its properties or assets to any other person under any plan
or arrangement  contemplating the dissolution of the Company, then, in each such
case,  as a condition  to the  consummation  of such a  transaction,  proper and
adequate  provision  shall be made by the  Company  whereby  the  holder of this
Warrant,  on the exercise  hereof as provided in Section 1 at any time after the
consummation of such  reorganization,  consolidation  or merger or the effective
date of such  dissolution,  as the case may be,  shall  receive,  in lieu of the
Common  Stock (or Other  Securities)  issuable  on such  exercise  prior to such
consummation or such effective date, the stock and other securities and property
(including

                                       4
<PAGE>

cash) to which such holder would have been entitled upon such consummation or in
connection  with such  dissolution,  as the case may be, if such  holder  had so
exercised  this  Warrant,  immediately  prior  thereto,  all  subject to further
adjustment thereafter as provided in Section 4.

                  3.2.  Dissolution.  In the  event  of any  dissolution  of the
Company  following the transfer of all or substantially all of its properties or
assets, the Company, prior to such dissolution,  shall at its expense deliver or
cause to be delivered  the stock and other  securities  and property  (including
cash,  where  applicable)  receivable  by the holders of the Warrants  after the
effective date of such dissolution pursuant to this Section 3 to a bank or trust
company  having its principal  office in New York, NY, as trustee for the holder
or holders of the  Warrants  only to the extent  that the value of such cash and
property exceeds the Purchase Price.

                  3.3.   Continuation   of  Terms.   Upon  any   reorganization,
consolidation,  merger or transfer (and any dissolution  following any transfer)
referred to in this Section 3.3, this Warrant  shall  continue in full force and
effect and the terms hereof shall be applicable to the shares of stock and other
securities  and property  receivable  on the exercise of this Warrant  after the
consummation of such  reorganization,  consolidation  or merger or the effective
date of dissolution  following any such transfer,  as the case may be, and shall
be binding upon the issuer of any such stock or other securities,  including, in
the case of any such transfer,  the person acquiring all or substantially all of
the  properties or assets of the Company,  whether or not such person shall have
expressly  assumed  the terms of this  Warrant as  provided in Section 4. In the
event  this  Warrant  does not  continue  in full  force  and  effect  after the
consummation of the transaction described in this Section 3.3, then only in such
event  will  the  Company's  securities  and  property  (including  cash,  where
applicable)  receivable  by the  holders of the  Warrants  be  delivered  to the
Trustee as contemplated by Section 3.2.

                  4.  Extraordinary  Events Regarding Common Stock. In the event
that the  Company  shall (a) issue  additional  shares of the Common  Stock as a
dividend or other  distribution on outstanding  Common Stock,  (b) subdivide its
outstanding shares of Common Stock, or (c) combine its outstanding shares of the
Common Stock into a smaller number of shares of the Common Stock,  then, in each
such event, the Purchase Price shall,  simultaneously with the happening of such
event,  be adjusted by multiplying  the then Purchase  Price by a fraction,  the
numerator  of which  shall be the number of shares of Common  Stock  outstanding
immediately prior to such event and the denominator of which shall be the number
of shares of Common  Stock  outstanding  immediately  after such event,  and the
product so obtained shall  thereafter be the Purchase Price then in effect.  The
Purchase Price, as so adjusted,  shall be readjusted in the same manner upon the
happening of any successive  event or events described herein in this Section 4.
The  number of shares of Common  Stock  that the  holder of this  Warrant  shall
thereafter,  on the  exercise  hereof as  provided  in Section 1, be entitled to
receive shall be increased to a number  determined by multiplying  the number of
shares of Common  Stock that would  otherwise  (but for the  provisions  of this
Section 4) be issuable on such exercise by a fraction of which (a) the numerator
is the  Purchase  Price that would  otherwise  (but for the  provisions  of this
Section 4) be in effect, and (b) the denominator is the Purchase Price in effect
on the date of such exercise.

         5.  Certificate  as to  Adjustments.  In each case of any adjustment or
readjustment in the shares of Common Stock (or Other Securities) issuable on the
exercise of the  Warrants,  the Company at its expense will  promptly  cause its
Chief Financial Officer or other appropriate designee to compute such adjustment
or  readjustment  in  accordance  with the terms of the  Warrant  and  prepare a
certificate  setting forth such adjustment or readjustment and showing in detail
the facts upon which such  adjustment  or  readjustment  is based,  including  a
statement of (a) the consideration received or receivable by the Company for any
additional shares of Common Stock (or Other Securities) issued or sold or deemed
to have been issued or

                                       5
<PAGE>

sold, (b) the number of shares of Common Stock (or Other Securities) outstanding
or deemed to be outstanding, and (c) the Purchase Price and the number of shares
of  Common  Stock to be  received  upon  exercise  of this  Warrant,  in  effect
immediately  prior  to  such  adjustment  or  readjustment  and as  adjusted  or
readjusted as provided in this Warrant.  The Company will  forthwith mail a copy
of each such  certificate  to the holder of the Warrant and any Warrant agent of
the Company.

         6.  Reservation  of  Stock,  etc.  Issuable  on  Exercise  of  Warrant;
Financial Statements.  The Company will at all times reserve and keep available,
solely for issuance and delivery on the exercise of the Warrants,  all shares of
Common Stock (or Other Securities) from time to time issuable on the exercise of
the Warrant.  This Warrant  entitles the holder hereof to receive  copies of all
financial and other information distributed or required to be distributed to the
holders of the Company's Common Stock.

         7.  Assignment;   Exchange  of  Warrant.  Subject  to  compliance  with
applicable  Securities laws, this Warrant,  and the rights evidenced hereby, may
be transferred by any registered holder hereof (a "Transferor")  with respect to
any or all of the Shares.  On the surrender  for exchange of this Warrant,  with
the  Transferor's  endorsement  in the form of  Exhibit B attached  hereto  (the
Transferor Endorsement Form") and together with evidence reasonably satisfactory
to the Company  demonstrating  compliance with applicable  Securities  Laws, the
Company at its  expense but with  payment by the  Transferor  of any  applicable
transfer  taxes)  will issue and  deliver  to or on the order of the  Transferor
thereof a new Warrant or Warrants of like tenor,  in the name of the  Transferor
and/or the transferee(s)  specified in such Transferor  Endorsement Form (each a
"Transferee"),  calling in the  aggregate  on the face or faces  thereof for the
number of shares of Common  Stock called for on the face or faces of the Warrant
so surrendered by the Transferor.

         8.   Replacement  of  Warrant.   On  receipt  of  evidence   reasonably
satisfactory  to the Company of the loss,  theft,  destruction  or mutilation of
this Warrant  and, in the case of any such loss,  theft or  destruction  of this
Warrant,   on  delivery  of  an  indemnity   agreement  or  security  reasonably
satisfactory  in form and  amount  to the  Company  or,  in the case of any such
mutilation,  on surrender and  cancellation of this Warrant,  the Company at its
expense will execute and deliver, in lieu thereof, a new Warrant of like tenor.

         9.  Registration  Rights.  The Holder of this  Warrant has been granted
certain  registration  rights by the Company.  These registration rights are set
forth in the Credit Agreement and Registration Rights Agreement.

         10. Maximum Exercise.  The Holder shall not be entitled to exercise, on
an  exercise  date,  this  Warrant in  connection  with that number of shares of
Common  Stock which would be in excess of the sum of (i) the number of shares of
Common Stock  beneficially owned by the Holder and its affiliates on an exercise
date,  and (ii) the number of shares of Common Stock  issuable upon the exercise
of this Warrant with respect to which the determination of this proviso is being
made on an exercise  date,  which would  result in  beneficial  ownership by the
Holder and its affiliates of more than 9.99% of the outstanding shares of Common
Stock of the  Company  on such  date.  For the  purposes  of the  proviso to the
immediately  preceding  sentence,  beneficial  ownership  shall be determined in
accordance  with  Section  13(d) of the  Securities  Exchange  Act of  1934,  as
amended, and Regulation 13d-3 thereunder.  Subject to the foregoing,  the Holder
shall not be limited to aggregate  exercises  which would result in the issuance
of more than 9.99%.  The restriction  described in this paragraph may be revoked
upon 75 days  prior  notice  from the  Holder to the  Company.  The  Holder  may
allocate  which of the equity of the Company  deemed  beneficially  owned by the
Subscriber shall be included in the 9.99% amount described above and which shall
be allocated to the excess above 9.99%.

         11.  Warrant  Agent.  The Company  may,  by written  notice to the each
holder of the Warrant,

                                       6
<PAGE>

appoint an agent for the purpose of issuing  Common Stock (or Other  Securities)
on the exercise of this Warrant  pursuant to Section 1,  exchanging this Warrant
pursuant to Section 7, and replacing this Warrant  pursuant to Section 8, or any
of the foregoing, and thereafter any such issuance,  exchange or replacement, as
the case may be, shall be made at such office by such agent.

         12. Transfer on the Company's Books.  Until this Warrant is transferred
on the books of the Company,  the Company may treat the registered holder hereof
as the absolute owner hereof for all purposes, notwithstanding any notice to the
contrary.

         13. Notices, etc. All notices and other communications from the Company
to the  holder of this  Warrant  shall be mailed by first  class  registered  or
certified mail,  postage prepaid,  at such address as may have been furnished to
the Company in writing by such holder or, until any such holder furnishes to the
Company an  address,  then to, and at the  address  of, the last  holder of this
Warrant who has so furnished an address to the Company.

         14.  Miscellaneous.  This  Warrant  and any term hereof may be changed,
waived,  discharged or terminated only by an instrument in writing signed by the
party against which enforcement of such change, waiver, discharge or termination
is sought.  This Warrant shall be construed and enforced in accordance  with and
governed by the laws of New York. Any dispute  relating to this Warrant shall be
adjudicated in New York State.  The headings in this Warrant are for purposes of
reference only, and shall not limit or otherwise affect any of the terms hereof.
The  invalidity  or  unenforceability  of any  provision  hereof shall in no way
affect the validity or enforceability of any other provision.

         IN WITNESS WHEREOF, the Company has executed this Warrant under seal as
of the date first written above.

                                            WEALTHHOUND.COM, INC.

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

                                       7
<PAGE>

                                                                       EXHIBIT A

                              FORM OF SUBSCRIPTION
                   (To be signed only on exercise of Warrant)

TO: WEALTHHOUND.COM, INC.

The  undersigned,  pursuant to the provisions set forth in the attached  Warrant
(No.____), hereby irrevocably elects to purchase (check applicable box):

___      ________ shares of the Common Stock covered by such Warrant; or

___ the  maximum  number  of  shares of Common  Stock  covered  by such  Warrant
pursuant to the cashless exercise procedure set forth in Section 2.

The  undersigned  herewith  makes  payment of the full  purchase  price for such
shares  at  the  price  per  share  provided  for  in  such  Warrant,  which  is
$___________. Such payment takes the form of (check applicable box or boxes):

___      $__________ in lawful money of the United States; and/or

___ the  cancellation of such portion of the attached  Warrant as is exercisable
for a total of _______  shares of Common  Stock  (using a Fair  Market  Value of
$_______ per share for purposes of this calculation); and/or

___ the  cancellation  of such number of shares of Common Stock as is necessary,
in accordance  with the formula set forth in Section 2, to exercise this Warrant
with  respect  to the  maximum  number of shares  of Common  Stock  purchaseable
pursuant to the cashless exercise procedure set forth in Section 2.

The undersigned  requests that the certificates for such shares be issued in the
name   of,   and   delivered   to   ____________________    whose   address   is
__________________________________________________________________________.

The  undersigned  represents  and  warrants  that all  offers  and  sales by the
undersigned of the securities issuable upon exercise of the within Warrant shall
be made pursuant to registration of the Common Stock under the Securities Act of
1933,  as amended  (the  "Securities  Act") or  pursuant  to an  exemption  from
registration under the Securities Act.

Dated:___________________           _______________________________________
                                    (Signature  must  conform  to name of holder
                                    as specified on the face of the Warrant)

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

                                       8
<PAGE>

                                                                       Exhibit B

                         FORM OF TRANSFEROR ENDORSEMENT
                   (To be signed only on transfer of Warrant)

                  For value received, the undersigned hereby sells, assigns, and
transfers  unto the person(s)  named below under the heading  "Transferees"  the
right represented by the within Warrant to purchase the percentage and number of
shares of Common  Stock of  WEALTHHOUND.COM,  INC.  to which the within  Warrant
relates  specified  under the  headings  "Percentage  Transferred"  and  "Number
Transferred," respectively,  opposite the name(s) of such person(s) and appoints
each such  person  Attorney  to transfer  its  respective  right on the books of
WEALTHHOUND.COM, INC. with full power of substitution in the premises.
<TABLE>
<CAPTION>

======================================== ===================================== =====================================

              Transferees                Percentage                                           Number
              -----------                Transferred                                      Transferred
                                         -----------                                      -----------
---------------------------------------- ------------------------------------- -------------------------------------
<S>                                      <C>                                    <C>
---------------------------------------- ------------------------------------- -------------------------------------

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

======================================== ===================================== =====================================
</TABLE>

Dated:                  ,
       -----------------  ----                   -------------------------------
                                                 (Signature  must  conform  to
                                                 name of holder as  specified
                                                 on the face of the warrant)

Signed in the presence of:

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

                                    ------------------------------
ACCEPTED AND AGREED:                           (address)
[TRANSFEREE]

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

                                       9

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