Document:

Exhibit 10.2 

REVOLVING PROMISSORY NOTE 

$10,000,000.00

May 22,2008 

Intelligroup, Inc.

499 Thornall Street 
Edison, New
Jersey 08837 
(“Intelligroup”) 

Empower, Inc. 
499 Thornall Street 
Edison, New Jersey 08837

(individually and collectively with
Intelligroup, "Borrower") 

HSBC Bank USA, National Association

3219 Route 46 East 
Suite 201 
Parsippany, NJ 07054 
(Hereinafter
referred to as the "Bank") 

Borrower jointly and severally promises
to pay to the order of Bank, in lawful money of the United States of America, at
its office indicated above or wherever else Bank may specify, the sum of up to
Ten Million and No/100 ($10,000,000.00) Dollars or such sum as may be advanced
and outstanding from time to time, with interest on the unpaid principal balance
at the rate and on the terms provided in this Promissory Note and the Interest
Rate Election Rider attached hereto and made a part hereof (including all
renewals, extensions or modifications hereof, collectively this "Note").

REVOLVING CREDIT ADVANCES.
This is a revolving credit note. Borrower may
borrow, repay and reborrow, and Bank may advance and readvance under this Note
respectively from time to time (each an "Advance" and together the "Advances"),
so long as the total indebtedness and all other Advances under the Loan
Agreement outstanding at any one time does not exceed the lesser of (i) the
principal amount stated on the face of this Note or (ii) the Borrowing Base.
Bank's obligation to advance or readvance under this Note shall terminate if an
Event of Default exists. 

INTEREST RATE TO BE APPLIED.
Interest Rate. Interest shall accrue on the
unpaid principal balance of each Advance (as defined herein) under this Note
from the date such Advance is made available to the Borrower as set forth on the
Interest Rate Election Rider attached hereto and made a part hereof. 

Default Rate. In addition to all other rights contained in this Note, if an
Event of Default (defined herein) occurs and as long as an Event of Default
continues, all outstanding Obligations in Bank's discretion shall bear interest
at the Prime Rate plus 3% ("Default Rate"). The Default Rate shall also apply
from acceleration until the Obligations or any judgment thereon is paid in full,
except as otherwise required by law. 

INTEREST COMPUTATION. (Actual/360).
Interest shall be computed on the basis of a
360-day year for the actual number of days in the interest period ("Actual/360
Computation"). The Actual/360 Computation determines the annual effective
interest yield by taking the stated (nominal) interest rate for a year's period
and then dividing said rate by 360 to determine the daily periodic rate to be
applied for each day in the Interest Period. Application of the Actual/360
Computation produces an annualized effective interest rate exceeding that of the
nominal rate.

1

Exhibit 10.2 

REPAYMENT TERMS. Interest payments and prepayments shall be due and payable in
accordance with the terms of the Interest Rate Election Rider attached hereto
and made a part hereof. All outstanding principal will be repaid in accordance
with the Loan Agreement, as hereinafter defined In any event, this Note shall be
due and payable in full, including all principal and accrued interest, on May
21, 2011, the maturity date of this Note. In addition, Borrower shall
immediately repay all principal amounts as required by Section 2.5(d) of the
Loan Agreement. 

RESCISSION OF PAYMENTS.
If any payment received by Bank under this
Note or the other Loan Documents is rescinded, avoided or for any reason
returned by Bank because of any adverse claim or threatened action, the returned
payment shall remain payable as an obligation of all Persons liable under this
Note or the other Loan Documents as though such payment had not been
made.

LOAN AGREEMENT; LOAN DOCUMENTS;
OBLIGATIONS. This Note is subject to the
terms and conditions of that certain Revolving Credit and Security Agreement
between Bank and Borrower dated as of the date hereof, as the same may be
modified and amended from time to time (the "Loan Agreement"). All capitalized
terms not otherwise defined herein shall have such meaning as assigned to them
in the Loan Agreement. The term "Obligations" used in this Note refers to any
and all Indebtedness and other obligations under this Note, all other
Indebtedness as defined in the respective Loan Documents, and all obligations
under any swap agreements as defined in 11 U.S.C. §101 between Bank or any of
its affiliates and Borrower whenever executed. 

ATTORNEYS' FEES AND OTHER COLLECTION
COSTS. Borrower shall pay all of Bank's
reasonable expenses incurred to enforce or collect any of the Obligations,
including, without limitation, reasonable arbitration, paralegals', attorneys'
and experts' fees and expenses, whether incurred without the commencement of a
suit, in any trial, arbitration, or administrative proceeding, or in any
appellate or bankruptcy proceeding. 

USURY. Regardless of any other provision of this Note or other Loan Documents,
if for any reason the effective interest should exceed the maximum lawful
interest, the effective interest shall be deemed reduced to, and shall be, such
maximum lawful interest, and (i) the amount which would be excessive interest
shall be deemed applied to the reduction of the principal balance of this Note
and not to the payment of interest, and (ii) if the loan evidenced by this Note
has been or is thereby paid in full, the excess shall be returned to the party
paying same, such application to the principal balance of this Note or the
refunding of excess to be a complete settlement and acquittance
thereof.

EVENTS OF DEFAULT. An "Event of Default" hereunder shall be the occurrence of any
“Event of Default” as set forth in Section 8.1 of the Loan Agreement.

REMEDIES UPON EVENT OF DEFAULT.
Upon the occurrence of an Event of Default,
Bank may at any time thereafter, exercise any one or all of the remedies set
forth at Section 8.2 of the Loan Agreement 

WAIVERS AND AMENDMENTS.
No waivers, amendments or modifications of
this Note and other Loan Documents shall be valid unless in writing and signed
by an officer of Bank. No waiver by Bank of any Event of Default shall operate
as a waiver of any other Event of Default or the same Event of Default on a
future occasion. Neither the failure nor any delay on the part of Bank in
exercising any right, power, or remedy under this Note and other Loan Documents
shall operate as a waiver thereof, nor shall a single or partial exercise
thereof preclude any other or further exercise thereof or the exercise of any
other right, power or remedy.

Each Borrower or any other Person
liable under this Note waives presentment, protest, notice of dishonor, demand
for payment, notice of intention to accelerate maturity, notice of acceleration
of maturity, notice of sale and all other notices of any kind. Further, each
agrees that Bank may extend, modify or renew this Note or make a novation of the
loan evidenced by this Note for any period and grant any releases, compromises
or indulgences with respect to any collateral securing this Note, or with
respect to any Borrower or any Person liable under this Note or other Loan
Documents, all without notice to or consent of any Borrower or any Person who
may be liable under this Note or other Loan Documents and without affecting the
liability of Borrower or any Person who may be liable under this Note or other
Loan Documents. 

2

Exhibit 10.2 

MISCELLANEOUS PROVISIONS.
Assignment. This Note and other Loan
Documents shall inure to the benefit of and be binding upon the parties and
their respective heirs, legal representatives, successors and assigns. Bank's
interests in and rights under this Note and other Loan Documents are freely
assignable, in whole or in part, by Bank. Borrower shall not assign its rights
and interest hereunder without the prior written consent of Bank, and any
attempt by Borrower to assign without Bank's prior written consent is null and
void. Any assignment shall not release Borrower from the Obligations.
Applicable Law; Conflict Between Documents.
This Note and other Loan Documents shall be
governed by and construed under the laws of the state where Bank first shown
above is located as shown in the heading of this Note without regard to that
state's conflict of laws principles Severability. If any provision of this
Note or of the other Loan Documents shall be prohibited or invalid under
applicable law, such provision shall be ineffective but only to the extent of
such prohibition or invalidity, without invalidating the remainder of such
provision or the remaining provisions of this Note or other such document.
Plural; Captions. All references in the Loan Documents to Borrower, Guarantor, Person,
document or other nouns of reference mean both the singular and plural form, as
the case may be. The captions contained in the Loan Documents are inserted for
convenience only and shall not affect the meaning or interpretation of the Loan
Documents. Binding Contract. Borrower by execution of and Bank by acceptance of this Note
agree that each party is bound to all terms and provisions of this Note.
Entirety. This Note and the other Loan Documents delivered in connection herewith
and therewith embody the entire agreement between the parties and supersede all
prior agreements and understandings relating to the subject matter hereof and
thereof. Advances. Bank in its sole discretion may make other advances and readvances under
this Note pursuant hereto. Joint and Several
Obligations. Each Borrower is jointly and
severally obligated under this Note. Fees and
Taxes. Borrower shall promptly pay all
documentary, intangible recordation and/or similar taxes on this transaction
whether assessed at closing or arising from time to time, together with any
interest and/or penalties relating thereto. Business Purpose. Borrower represents
that the loan evidenced hereby is being obtained for business purposes.
Litigation
Any litigation arising hereunder or related hereto shall be subject to the
provisions set forth in the Loan Agreement agreeing to Waiver of Jury Trial.

3

Exhibit 10.2

IN WITNESS WHEREOF, Borrower, as of the day and year first above written, has
caused this Note to be executed under seal.

	Intelligroup, Inc. 
	  
	  
	By________/s/ Alok
    Bajpai____________________________ 
	Title: 	         Alok Bajpai 
	Its: 	         CFO, Treasurer and Secretary 
	  
	  
	Empower, Inc. 
	  
	  
	By________/s/ Alok
    Bajpai____________________________ 
	Title: 	Alok
      Bajpai 
	Its: 	Secretary and
      Treasurer 

4

Exhibit 10.2

INTEREST RATE ELECTION RIDER

1. INTEREST RATE(S); PAYMENTS AND
PREPAYMENTS.

1.1 Interest Rates. So long as the Bank
has not demanded payment of any amounts hereunder, or such earlier date as the
obligations of the Borrower to the Bank under this Note, and any other
agreements between the Bank and the Borrower related hereto, shall become due
and payable and subject to the other terms of this Note, the outstanding
principal balance shall bear interest at a rate per annum for the Interest
Periods (as hereinafter defined) which the Borrower selects in accordance with
this paragraph and the other provisions of this Note equal to: (a) a variable
rate (the "Variable Rate") equal to Eighty-five hundredths of a Percent (0.85%) below the Prime Rate
(as hereinafter defined) (a "Variable Rate Advance"); or (b) One and one-half of
a Percent (1.50%) above the LIBOR Rate (as hereinafter defined) for Interest
Periods of one, two, three or six months, but not longer than the remainder of
the term of this Note (a "LIBOR Advance").

1.2 Rate Selection. When the Borrower
desires to select an interest rate, the Borrower shall give the Bank three days’
prior notice or such shorter notice as the Bank in its sole discretion may
accept, specifying the effective date thereof (which shall be a Banking Day (as
hereinafter defined)), the type of interest rate, the amount to which the
interest rate shall apply and the duration of the first Interest Period
therefor. Any such notice shall be irrevocable and shall be subject to other
terms and conditions set forth in this Note. If the Bank does not receive timely
notice of a requested LIBOR Advance, the Borrower shall be deemed to have
selected a Variable Rate Advance. Each LIBOR Advance may only be requested in
increments greater than One Hundred Thousand
Dollars and Zero Cents ($100,000.00). If any
interest rate is selected, the Bank shall record on the books and records of the
Bank an appropriate notation evidencing such selection, each repayment on
account of the principal thereof and the amount of interest paid, and the
Borrower authorizes the Bank to maintain such records and make such notations
and agrees that the amount shown on the books and records as outstanding from
time to time shall constitute the amount owing to the Bank pursuant to this
Note, absent manifest error.

1.3 Payment of Interest. Interest on all
amounts outstanding (except for LIBOR Advances) shall be payable monthly in
arrears on the 24th day of each month commencing the month following the date of
this Note, and continuing thereafter on the same day of each succeeding month
until the principal balance shall be paid in full. Interest on all LIBOR
Advances shall be payable, in arrears, on the first Banking Day following the
expiration of the applicable Interest Period and, in respect of any LIBOR
Advance of more than three (3) months' duration, interest shall also be payable,
in arrears, on each earlier Banking Day which is three (3) months after the
first day of the applicable Interest Period.

1.4 Interest Periods. Each Interest Period
shall commence on the date selected and shall end on the date the Borrower shall
elect, in each case as set forth in Paragraph 1.1 hereof; provided, however,
that (a) any Interest Period that would otherwise end on a day which is not a
Banking Day shall be extended to the next Banking Day; and (b) any Interest
Period that would otherwise extend beyond demand for payment of any amount shall
end on the date of such demand, or such earlier date as the obligations of the
Borrower to the Bank under this Note, and any other agreements between the Bank
and the Borrower related hereto, shall become due and payable.

1.5 Conversion of Outstanding Amounts. So
long as the Bank has not demanded payment of any amounts hereunder, the Borrower
may (a) on any Banking Day, convert any outstanding Variable Rate Advance to a
LIBOR Advance in the same aggregate principal amount and (b) on the last Banking
Day of the then current Interest Period applicable to a LIBOR Advance, convert
such LIBOR Advance to a Variable Rate Advance. If the Borrower desires to
convert an advance as set forth in the prior sentence, it shall give the Bank
prior notice in a form satisfactory to the Bank, specifying the date of such
conversion, the amount to be converted and if the conversion is from a Variable
Rate Advance to a LIBOR Advance, the duration of the Interest Period
therefor.

1.6 End of Interest Period. Subject to all
of the terms and conditions applicable to a request that a new interest rate
selected be a LIBOR Advance, the Borrower may elect to continue a LIBOR Advance
as of the last day of the applicable Interest Period to a new LIBOR Advance. If
the Borrower fails to notify the Bank of the Interest Period for a subsequent
LIBOR Advance at least three (3) Banking Days or such shorter notice as the Bank
in its sole discretion may accept prior to the last day of the then current
Interest Period, then, at the Bank's discretion, such outstanding LIBOR Advance
shall become a Variable Rate Advance at the end of the current Interest Period
for such outstanding LIBOR Advance and shall accrue interest in accordance with
the provisions regarding Variable Rate Advances described herein. 

5

Exhibit 10.2

1.7 Basis for Determining LIBOR Inadequate or Unfair. In the event that the Bank shall determine that by reason of
circumstances affecting the interbank Eurodollar market, adequate and reasonable
means do not exist for determining the LIBOR Rate, or Eurodollar deposits in the
relevant amount and for the relevant maturity are not available to the Bank in
the interbank Eurodollar market, with respect to a proposed LIBOR Advance or a
proposed conversion of any Variable Rate Advance to a LIBOR Advance, the Bank
shall give the Borrower prompt notice of such determination. If such notice is
given, then: (a) any requested LIBOR Advance shall be made as a Variable Rate
Advance, unless the Borrower gives the Bank one Banking Day’s prior written
notice that its request for such borrowing is canceled; (b) any advance which
was to have been converted to a LIBOR Advance shall be continued as a Variable
Rate Advance; and (c) any outstanding LIBOR Advance shall be converted to a
Variable Rate Advance on the last Banking Day of the then current Interest
Period for such LIBOR Advance. Until such notice has been withdrawn, the Bank
shall have no obligation to make LIBOR Advances or maintain outstanding LIBOR
Advances and the Borrower shall not have the right to request LIBOR Advances or
convert advances to LIBOR Advances.

1.8 Illegality of LIBOR Rate.
Notwithstanding any other provision of this Note, if, after the date of this
Note, any applicable law, treaty, regulation or directive, or any change therein
or in the interpretation or application thereof, shall make it unlawful for the
Bank to make or maintain any LIBOR Advance, the obligation of the Bank hereunder
to make or maintain such LIBOR Advance shall forthwith be suspended for the
duration of such illegality and the Borrower shall, if any such LIBOR Advance is
outstanding, promptly upon request from the Bank, prepay such LIBOR Advance or
convert such LIBOR Advance to another type of advance. If any such payment is
made on a day that is not the last Banking Day of the then current Interest
Period applicable to such advance, the Borrower shall pay the Bank, upon the
Bank's request, any amount required under Paragraph 1.9 of this Note.

1.9 Termination of Pricing Option. After
the Bank has demanded payment of any amounts hereunder, or such earlier date as
the obligations of the Borrower to the Bank under this Note, and any other
agreements between the Bank and the Borrower related hereto, shall become due
and payable, the Borrower’s right to select pricing options, if applicable,
shall cease, and, if the Borrower would, but for the application of the
preceding clause, have had the right to elect among interest rate options,
notwithstanding anything to the contrary in this Note, interest shall accrue at
a rate per annum equal to 3.0% plus the Variable Rate.

1.10 Optional Prepayment.

	     	(a)	     	
      The Borrower has the right to pay
      before due the unpaid balance of any Variable Rate Advance or any part
      thereof without penalty or premium, but with accrued interest on the
      principal being prepaid to the date of such repayment.

		 
		(b)		
      At its option and upon prior
      written notice to the Bank, the Borrower may prepay any LIBOR Advance in
      whole or in part from time to time without premium or penalty but with
      accrued interest on the principal being prepaid to the date of such
      repayment; provided, however, that such LIBOR Advance may only be prepaid
      on the last Banking Day of the then current Interest Period applicable
      thereto.

		 
		(c)		
      In the event that any prepayment
      of a LIBOR Advance is required or permitted on a date other than the last
      Banking Day of the then current Interest Period applicable thereto, then
      so long as this Note has not become due and payable in accordance with its
      terms, the Borrower shall have the right to prepay such LIBOR Advance in
      whole (but not in part), provided that the Borrower shall pay to the Bank
      concurrently with such prepayment a Yield Maintenance Fee in an amount
      computed as follows: The current rate for United States Treasury
      securities (bills on a discounted basis shall be converted to a bond
      equivalent) with a maturity date closest to the maturity date of the term
      chosen pursuant to the Interest Period as to which the prepayment is made,
      shall be subtracted from the "cost of funds" component of the LIBOR
      Advance in effect at the time of prepayment. If the result is zero or a
      negative number, there shall be no Yield Maintenance Fee payable. If the
      result is a positive number, then the resulting percentage shall be
      multiplied by the amount of the principal balance being prepaid. The
      resulting amount shall be divided by 360 and multiplied by the number of
      days remaining in the term chosen pursuant to the Interest Period as to
      which the prepayment is made. Said amount shall be reduced to present
      value calculated by using the number of days remaining in the designated
      term and using the above-referenced United States Treasury security rate
      and the number of days remaining in the designated term chosen pursuant to
      the Interest Period as to which the prepayment is made.
  

6

Exhibit 10.2

		 		
      The resulting amount shall be the
      Yield Maintenance Fee due to the Bank upon prepayment of the LIBOR
      Advance. If this Note shall become due and payable for any reason, then
      any Yield Maintenance Fee with respect to the Note shall become due and
      payable in the same manner as though the Borrower had exercised its right
      of prepayment. The Borrower recognizes that the Bank will incur
      substantial additional costs and expenses including loss of yield and
      anticipated profitability in the event of prepayment of all or part of
      this Note and that the Yield Maintenance Fee compensates the Bank for such
      costs and expenses. The Borrower acknowledges that the Yield Maintenance
      Fee is bargained-for consideration and not a penalty.

		 
	     	(d)	     	
      All prepayments of any LIBOR
      Advance shall be applied first to fees and expenses then due hereunder,
      then to interest on the unpaid principal balance accrued to the date of
      prepayment and last to the principal balance then due
    hereunder.

2. DEFINITIONS.

2.1 Definitions. The following definitions
are applicable to this Interest Rate Election Rider:

	     	(a)	     	
      "Banking Day" shall mean with
      respect to LIBOR Advances, a London Banking Day and with respect to all
      other advances, any day other than a day on which commercial banks in New
      York are required or permitted by law to close.

		 
		(b)		
      "Interest Period" shall mean with
      respect to any LIBOR Advance, the one, two, three or six month period
      selected by the Borrower pursuant to Paragraph 1.1 and with respect to any
      other advance the period of duration, if any, selected by the Borrower
      pursuant to Paragraph 1.1 respecting such advance.

		 
		(c)		
      "LIBOR Advance" shall have the
      meaning set forth in Paragraph 1.1 above.

		 
		(d)		
      "LIBOR Rate" shall mean the rate
      of interest (rounded upwards if necessary to the next 100th of one
      percent) two (2) London Banking Days prior to a proposed LIBOR Advance,
      determined by the Bank to be the prevailing rate per annum at which
      deposits in United States dollars for an applicable period, determined by
      the Bank in its sole discretion, are offered by banks in the London
      Interbank Market.

		 
		(e)		
      "London Banking Day" shall mean
      with respect to LIBOR Advances, any day on which commercial banks are open
      for international business (including dealings in U.S. Dollar ($)
      deposits) in London, England and New York.

		 
		(f)		
      "Prime Rate" shall mean the rate
      per annum from time to time established by the Bank as the Prime Rate and
      made available by the Bank at its main office or, in the discretion of the
      Bank, the base, reference or other rate then designated by the Bank for
      general commercial loan reference purposes, it being understood that such
      rate is a reference rate, not necessarily the lowest, established from
      time to time, which serves as the basis upon which effective interest
      rates are calculated for loans making reference thereto.

		 
		(g)		
      "Variable Rate Advance" shall
      have the meaning set forth in Paragraph 1.1
above.

2.2 Other Terms. Terms set forth in this
Note which are defined in the Note shall have the meanings set forth in the
Note.

2.3 Incorporation. This Rider is
incorporated into the Note to which it is attached and is a part
thereof.

7

Exhibit 10.2

IN WITNESS WHEREOF, Borrower, as of the day and year first above written, has
caused this Rider to be executed under seal.

	Intelligroup, Inc. 
	  
	  
	By________/s/ Alok
    Bajpai____________________________ 
	Title: 	         Alok Bajpai 
	Its: 	         CFO, Treasurer and Secretary 
	  
	  
	Empower, Inc. 
	  
	  
	By________/s/ Alok
    Bajpai____________________________ 
	Title: 	Alok
      Bajpai 
	Its: 	Secretary and
      Treasurer 

8f8k1207ex10i_previnsur.htm

     

    SECURITIES
PURCHASE AGREEMENT

    

    THIS SECURITIES PURCHASE
AGREEMENT (this “Agreement”) is made effective the 30th day of April,
2008 by and between, Prevention Insurance.com, Inc., a Nevada corporation (the
“Company”) and Paragon Capital LP, a Delaware limited partnership
(“Paragon”).

    

    RECITAL

    

    WHEREAS, Paragon is willing to
advance the Company ten thousand dollars ($10,000) for corporate purposes, and
the Company is willing to issue warrants exercisable into shares of common
stock.

    

    AGREEMENT

    

    NOW, THEREFORE, in
consideration of the foregoing recital and the mutual promises hereinafter set
forth, and, other good and valuable consideration, the parties hereto agree as
follows:

    

    1. Issuance of Warrants
Paragon hereby agrees to advance to the Company $10,000 (the “Advance”) for the
purpose of paying administrative expenses including making required filings with
the SEC and paying other legal expenses.  The Company will execute a
warrant agreement (the “Warrant”) which is attached.

     

     

    2.           Authorization

     

     

    (a)           Corporate
Action  All corporate action on the part of the Company necessary for
the sale of the warrants and warrant shares upon exercise of the Warrant and the
performance of the Company's actions
hereunder will be taken by the Company at the appropriate time prior to
exercise. This Agreement constitutes a valid and legally binding obligation of
the Company, enforceable in accordance with its terms.

     

     

    (b)           Valid
Issuance  Upon an exercise, the warrant shares, when
transferred in compliance with the provisions of this Agreement will be duly
authorized, validly issued, fully paid and non-assessable, and will be free of
any liens or encumbrances caused or created by the Company.  This
transaction is deemed to be an arms length transaction.

     

     

    (c)           No Preemptive Rights
Except as provided herein, no person currently has or will have any right of
first refusal or any preemptive rights in connection with the transfer of the
warrant shares upon an exercise, or any future issuance of securities by the
Company.

     

    

    3.           All
notices, requests and instructions hereunder shall be in writing and delivered
to each party as may from time to time be designated by a party
hereto.

    

    4.           In
the event that any term, covenant, condition, or other provision contained
herein is held to be invalid, void or otherwise unenforceable by any court of
competent jurisdiction, the invalidity of any such term, covenant, condition,
provision or agreement shall in no way affect any other term, covenant,
condition or provision or agreement contained herein, which shall remain in full
force and effect.

     

     

    
      
        
        

      

      
         

        
          

        

      

      
        
        

      

    

     

    
 

    5.           This
Agreement contains all of the terms agreed upon by the parties with respect to
the subject matter hereof.  This Agreement has been entered into after
full investigation.

    

    6.           This
Agreement shall be construed in accordance with and governed by the laws of the
State of New York applicable to agreements made and to be performed within the
State of New York without giving the effect to the conflict of law principals
thereof.

    

    7.           No
amendments or additions to this Agreement shall be binding unless in writing,
signed by both parties, except as herein otherwise provided.

    

    

    
      	
               
      

            	
              Please
      sign below to acknowledge the acceptance of the terms of this
      Agreement.

            

    

    

    
      	
              PARAGON
      CAPITAL LP

            	
              PREVENTION
      INSURANCE.COM, INC.

            

    

    

    
      	
              By:___________________________

            	
              By:
      _________________________

            

    

    
      	
               
      

            	
              ALAN
      DONENFELD

            

    

    
      	
               
      

            	
              Managing
      Member of Paragon Capital Advisors
LLC,

            

    

    
      	
               
      

            	
              General
      Partner of Paragon Capital LP

            

    

     

     

     

     

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    
 

    EXHIBIT
1

    

    NEITHER
THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE
SECURITIES INTO WHICH THESE SECURITIES ARE EXERCISABLE HAVE BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES
LAWS. THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED
(I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL, IN A
GENERALLY ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR
(II) UNLESS SOLD PURSUANT TO RULE 144 OR RULE 144A UNDER SAID ACT.
NOTWITHSTANDING THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH
A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE
SECURITIES.

    

    PREVENTION
INSURANCE.COM, INC.

    

    Warrant
to Purchase Common Stock

    

    Warrant
No.: A-1

    Number of
Shares of Common Stock: 10,000,000

    Date of
Issuance: April 30, 2008

    

             PREVENTION
INSURANCE.COM, INC., a Nevada corporation (the "Company"), hereby certifies
that, for $10,000, the receipt and sufficiency of which are hereby acknowledged,
Paragon Capital LP and/or its affiliates and/or designees, the registered holder
hereof or its permitted assigns (the "Holder"), is entitled, subject to the
terms set forth below, to purchase from the Company, at the Exercise Price (as
defined below) then in effect, upon surrender of this Warrant, to purchase
Common Stock (including any warrants to Purchase Common Stock issued in
exchange, transfer or replacement hereof, the "Warrant"), at any time or times
on or after the date hereof, but not after 11:59 p.m., New York time, on the
Expiration Date (as defined below), 10,000,000 fully paid nonassessable shares
of Common Stock (as defined below) (the "Warrant Shares"). Except as otherwise
defined herein, capitalized terms in this Warrant shall have the meanings set
forth in Section 17. This Warrant is the Warrant to purchase Common Stock issued
pursuant to a Consulting Agreement dated as of April 30, 2008 (the "Closing
Date"), by and between the Company and the Holder (the
"Agreement").

    

             Section
1. Exercise of Warrant.

    

                (a)
Mechanics of Exercise. Subject to the terms and conditions hereof (including,
without limitation, the limitations set forth in Section 1(f)), this Warrant may
be exercised by the Holder on any day on or after the date hereof, in whole or
in part, by (i) delivery of a written notice, in the form attached hereto as
Exhibit A (the "Exercise Notice"), of the Holder's election to exercise this
Warrant and (ii) (A) payment to the Company of an  amount equal to the
applicable Exercise Price multiplied by the number of Warrant Shares as to which
this Warrant is being exercised (the "Aggregate Exercise Price") in cash or wire
transfer of immediately available funds or (B) by notifying the Company that
this Warrant is being exercised pursuant to a Cashless Exercise (as defined in
Section 1(d)). The Holder shall not be required to deliver the original Warrant
in order to effect an exercise hereunder. Execution and delivery of the Exercise
Notice with respect to less than all of the Warrant Shares shall have the same
effect as cancellation of the original Warrant and issuance of a new Warrant
evidencing the right to purchase the remaining number of Warrant Shares.

     

     

    
      
        
        

      

      
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    Section
1. Exercise of Warrant. Continued

     

    On or
before the first Business Day following the date on which the Company has
received each of the Exercise Notice and the Aggregate Exercise Price (or notice
of a Cashless Exercise) (the "Exercise Delivery Documents"), the Company shall
transmit an acknowledgment of confirmation of receipt of the Exercise Delivery
Documents to the Holder and the Company's transfer agent (the "Transfer Agent").
On or before the third Business Day following the date on which the Company has
received all of the Exercise Delivery Documents, the Company shall (X) issue and
deliver to the address specified in the Exercise Notice, a certificate,
registered in the name of the holder of this Warrant or its designee, for the
number of shares of Common Stock to which the holder of this Warrant is entitled
pursuant to such exercise, or (Y) provided that the Transfer Agent is
participating in the Depository Trust Company ("DTC") Fast Automated Securities
Transfer Program, upon the request of the Holder, credit such aggregate number
of shares of Common Stock to which the Holder is entitled pursuant to such
exercise to the Holder's or its designee's balance account with DTC through its
Deposit Withdrawal Agent Commission system. Upon delivery of the Exercise Notice
and Aggregate Exercise Price referred to in clause (ii)(A) above or notification
to the Company of a Cashless Exercise referred to in Section 1(d), the Holder
shall be deemed for all corporate purposes to have become the holder of record
of the Warrant Shares with respect to which this Warrant has been exercised,
irrespective of the date of delivery of the certificates evidencing such Warrant
Shares. If this Warrant is submitted in connection with any exercise pursuant to
this Section 1(a) and the number of Warrant Shares represented by this Warrant
submitted for exercise is greater than the number of Warrant Shares being
acquired upon an exercise, then the Company shall as soon as practicable and in
no event later than three Business Days after any exercise and at its own
expense, issue a new Warrant (in accordance with Section 8(d)) representing the
right to purchase the number of Warrant Shares purchasable immediately prior to
such exercise under this Warrant, less the number of Warrant Shares with respect
to which this Warrant is exercised. No fractional shares of Common Stock are to
be issued upon the exercise of this Warrant, but rather the number of shares of
Common Stock to be issued shall be rounded up to the nearest whole number. The
Company shall pay any and all taxes which may be payable with respect to the
issuance and delivery of Warrant Shares upon exercise of this
Warrant.

    

                (b)
Exercise Price. For purposes of this Warrant, "Exercise Price" means $0.01,
subject to adjustment as provided herein.

    

                (c)
Company's Failure to Timely Deliver Securities. If the Company shall fail for
any reason or for no reason to issue to the Holder within three Business Days of
receipt of the Exercise Delivery Documents, a certificate for the number of
shares of Common Stock to which the Holder is entitled and register such shares
of Common Stock on the Company's share register or to credit the Holder's
balance account with DTC for such number of shares of Common Stock to which the
Holder is entitled upon the Holder's exercise of this  Warrant, and if
on or after such Business Day the Holder purchases (in an open market
transaction or otherwise) shares of Common Stock to deliver in satisfaction of a
sale by the Holder of shares of Common Stock issuable upon such exercise that
the Holder anticipated receiving from the Company, then the Company shall,
within three Business Days after the Holder's request and in the Holder's
discretion, either (i) pay cash to the Holder in an amount equal to the Holder's
total purchase price (including brokerage commissions, if any) for the shares of
Common Stock so purchased (the "Buy-In Price"), at which point the Company's
obligation to deliver such certificate (and to issue such shares of Common
Stock) shall terminate, or (ii) promptly honor its obligation to deliver to the
Holder a certificate or certificates representing such shares of Common Stock
and pay cash to the Holder in an amount equal to the excess (if any) of the
Buy-In Price over the product of (A) such number of shares of Common Stock,
times (B) the Closing Bid Price on the date of exercise.

    

                (d)
Cashless Exercise. Notwithstanding anything contained herein to the contrary,
the Holder may, in its sole discretion, exercise this Warrant in whole or in
part and, in lieu of making the cash payment otherwise contemplated to be made
to the Company upon such exercise in payment of the Aggregate Exercise Price (a
"Cash Exercise"), elect instead to receive upon such exercise the "Net Number"
of shares of Common Stock determined according to the following formula (a
"Cashless Exercise"):

     

     

    
      
        
        

      

      
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                      (A x B) - (A x
C)

        Net
Number =     -------------------------

                                            B

    

                   For
purposes of the foregoing formula:

    

                         A
= the total number of Warrant Shares with respect to which this Warrant is then
being exercised.

    

                         B
= the Closing Sale Price of the shares of Common Stock (as reported by
Bloomberg) on the date immediately preceding the date of the Exercise
Notice.

    

                         C
= the Exercise Price then in effect for the applicable Warrant Shares at the
time of such exercise.

    

                (e)
Disputes. In the case of a dispute as to the determination of the Exercise Price
or the arithmetic calculation of the Warrant Shares, the Company shall promptly
issue to the Holder the number of Warrant Shares that are not disputed and
resolve such dispute in accordance with Section 14.

    

                (f)
Limitations on Exercise; Beneficial Ownership. The Holder shall not have any
restriction on exercise of this Warrant.

    

             Section
2. Adjustment of Exercise Price and Number of Warrant Shares. The Exercise Price
and the number of Warrant Shares shall be adjusted from time to time as
follows:

    

                (a)
Adjustment upon Issuance of shares of Common Stock. If and whenever on or after
the Closing Date the Company issues or sells, or in accordance with this Section
2 is deemed to have issued or sold, any shares of Common Stock (including the
issuance or sale of shares of Common Stock owned or held by or for the account
of the Company, but excluding shares of Common Stock deemed to have been issued
or sold by the Company in connection with any Excluded Security) for a
consideration per share (the "New Issuance Price") less than a price (the
"Applicable Price") equal to the Exercise Price in effect immediately prior to
such issue or sale or deemed issuance or sale (the foregoing a "Dilutive
Issuance"), then immediately after such Dilutive Issuance, the Exercise Price
then in effect shall be reduced to an amount equal to the New Issuance Price.
Upon each such adjustment of the Exercise Price hereunder, the number of Warrant
Shares shall be adjusted to the number of shares of Common Stock determined by
multiplying the Exercise Price in effect immediately prior to such adjustment by
the number of Warrant Shares acquirable upon exercise of this Warrant
immediately prior to such adjustment and dividing the product thereof by the
Exercise Price resulting from such adjustment. For purposes of determining the
adjusted Exercise Price under this Section 2(a), the following shall be
applicable:

    

                         (i)
Issuance of Options. If the Company in any manner grants any Options and the
lowest price per share for which one share of Common Stock is issuable upon the
exercise of any such Option or upon conversion, exercise or exchange of any
Convertible Securities issuable upon exercise of any such Option is less than
the Applicable Price, then such share of Common Stock shall be deemed to be
outstanding and to have been issued and sold by the Company at the time of the
granting or sale of such Option for such price per share. For purposes of this
Section 2(a)(i), the "lowest price per share for which one share of Common Stock
is issuable upon exercise of such Options or upon conversion, exercise or
exchange of such Convertible Securities" shall be equal to the sum of the lowest
amounts of consideration (if any) received or receivable by the Company with
respect to any one share of Common Stock upon the granting or sale of the
Option, upon exercise of the Option and upon conversion, exercise or exchange of
any Convertible Security issuable upon exercise of such Option. No further
adjustment of the Exercise Price shall be made upon the actual issuance of such
shares of Common Stock or of such Convertible Securities upon the exercise of
such Options or upon the actual issuance of such shares of Common Stock upon
conversion, exercise or exchange of such Convertible Securities.

     

     

    
      
        
        

      

      
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                         (ii)
Issuance of Convertible Securities. If the Company in any manner issues or sells
any Convertible Securities and the lowest price per share for which one share of
Common Stock is issuable upon the conversion, exercise or exchange thereof is
less than the Applicable Price, then such share of Common Stock shall be deemed
to be outstanding and to have been issued and sold by the Company at the time of
the issuance or sale of such Convertible Securities for such price per share.
For the purposes of this Section 2(a)(ii), the "lowest price per share for which
one share of Common Stock is issuable upon the conversion, exercise or exchange"
shall be equal to the sum of the lowest amounts of consideration (if any)
received or receivable by the Company with respect to one share of Common Stock
upon the issuance or sale of the Convertible Security. No further adjustment of
the Exercise Price shall be made upon the actual issuance of such shares of
Common Stock upon conversion, exercise or exchange of such Convertible
Securities, and if any such issue or sale of such Convertible Securities is made
upon exercise of any Options for which adjustment of this Warrant has been or is
to be made pursuant to other provisions of this Section 2(a), no further
adjustment of the Exercise Price shall be made by reason of such issue or
sale.

    

                         (iii)
Change in Option Price or Rate of Conversion. If the purchase price provided for
in any Options, the additional consideration, if any, payable upon the issue,
conversion, exercise or exchange of any Convertible Securities, or the rate at
which any Convertible Securities are convertible into or exercisable or
exchangeable for shares of Common Stock increases or decreases at any time, the
Exercise Price and the number of Warrant Shares in effect at the time of such
increase or decrease shall be adjusted to the Exercise Price and the number of
Warrant Shares which would have been in effect at such time had such Options or
Convertible Securities provided for such increased or decreased purchase price,
additional consideration or increased or decreased conversion rate, as the case
may be, at the time initially granted, issued or sold. For purposes of this
Section 2(a)(iii), if the terms of any Option or Convertible Security that was
outstanding as of the date of issuance of this Warrant are increased or
decreased in the manner described in the immediately preceding sentence, then
such Option or Convertible Security and the shares of Common Stock deemed
issuable upon exercise, conversion or exchange thereof shall be deemed to have
been issued as of the date of such increase or decrease. No adjustment pursuant
to this Section 2(a) shall be made if such adjustment would result in an
increase of the Exercise Price then in effect or a decrease in the number of
Warrant Shares.

    

                         (iv)
Calculation of Consideration Received. In case any Option is issued in
connection with the issue or sale of other securities of the Company, together
comprising one integrated transaction in which no specific consideration is
allocated to such Options by the parties thereto, the Options will be deemed to
have been issued for a consideration of $0.01. If any shares of Common Stock,
Options or Convertible Securities are issued or sold or deemed to have been
issued or sold for cash, the consideration received therefore will be deemed to
be the net amount received by the Company therefore. If any shares of Common
Stock, Options or Convertible Securities are issued or sold for a consideration
other than cash, the amount of such consideration received by the Company will
be the fair value of such consideration, except where such consideration
consists of securities, in which case the amount of consideration received by
the Company will be the Closing Sale Price of such security on the date of
receipt. If any shares of Common Stock, Options or Convertible Securities are
issued to the owners of the non-surviving entity in connection with any merger
in which the Company is the surviving entity, the amount of consideration
therefore will be deemed to be the fair value of such portion of the net assets
and business of the non-surviving entity as is attributable to such shares of
Common Stock, Options or Convertible Securities, as the case may be. The fair
value of any consideration other than cash or securities will be determined
jointly by the Company and the Holder. 

     

     

    
      
        
        

      

      
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    If such
parties are unable to reach agreement within ten days after the occurrence of an
event requiring valuation (the "Valuation Event"), the fair value of such
consideration will be determined within five Business Days after the tenth day
following the Valuation Event by an independent, reputable appraiser selected by
the Holder and approved by the Company. The determination of such appraiser
shall be final and binding upon all parties absent manifest error and the fees
and expenses of such appraiser shall be borne by the Company.

    

                         (v)
Record Date. If the Company takes a record of the  holders of shares
of Common Stock for the purpose of  entitling them (A) to receive a
dividend or other distribution payable in shares of Common Stock, Options
or  in Convertible Securities or (B) to subscribe for
or  purchase shares of Common Stock, Options or Convertible
Securities, then such record date will be deemed to be the date of the issue or
sale of the shares of Common Stock deemed to have been issued or sold upon the
declaration of such dividend or the making of such other distribution
or  the date of the granting of such right of subscription or
purchase, as the case may be.

    

               (b)
Adjustment upon Subdivision or Combination of shares of Common Stock. If the
Company at any time on or after the Closing Date subdivides (by any stock split,
stock dividend, recapitalization or otherwise) one or more classes of its
outstanding shares of Common Stock into a greater number of shares, the Exercise
Price in effect immediately prior to such subdivision will be proportionately
reduced and the number of Warrant Shares will be proportionately increased. If
the Company at any time on or after the Closing Date combines (by combination,
reverse stock split or otherwise) one or more classes of its outstanding shares
of Common Stock into a smaller number of shares, the Exercise Price in effect
immediately prior to such combination will be proportionately increased and the
number of Warrant Shares will be proportionately decreased. Any adjustment under
this Section 2(b) shall become effective at the close of business on the date
the subdivision or combination becomes effective.

    

                (c)
Other Events. If any event occurs of the type contemplated by the provisions of
this Section 2 but not expressly provided for by such provisions (including,
without limitation, the granting of stock appreciation rights, phantom stock
rights or other rights with equity features), then the Company's Board of
Directors will make an appropriate adjustment in the Exercise Price so as to
protect the rights of the Holder; provided that no such adjustment pursuant to
this Section 2(c) will increase the Exercise Price or decrease the number of
Warrant Shares as otherwise determined pursuant to this Section 2.

    

                Section
3. Rights upon Distribution of Assets. If the Company shall declare or make any
dividend or other distribution of its assets (or rights to acquire its assets)
to holders of shares of Common Stock, by way of return of capital or otherwise
(including, without limitation, any distribution of cash, stock or other
securities, property or options by way of a dividend, spin off,
reclassification, corporate rearrangement, scheme of arrangement or other
similar transaction) (a "Distribution"), at any time after the issuance of this
Warrant, then, in each such case:

    

                (a)
any Exercise Price in effect immediately prior to the close of business on the
record date fixed for the determination of holders of shares of Common Stock
entitled to receive the Distribution shall be reduced, effective as of the close
of business on such record date, to a price determined by multiplying such
Exercise Price by a fraction of which (i) the numerator shall be the Closing Bid
Price of the shares of Common Stock on the trading day immediately preceding
such record date minus the value of the Distribution (as determined in good
faith by the Holder and approved by the Company's Board of Directors) applicable
to one share of Common Stock, and (ii) the denominator shall be the Closing Bid
Price of the shares of Common Stock on the trading day immediately preceding
such record date; and

     

     

    
      
        
        

      

      
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                 (b)
the number of Warrant Shares shall be increased to a number of shares equal to
the number of shares of Common Stock obtainable immediately prior to the close
of business on the record date fixed for the determination of holders of Common
Stock entitled to receive the Distribution multiplied by the reciprocal of the
fraction set forth in the immediately preceding paragraph (a); provided that in
the event that the Distribution is of shares of or common stock ("Other Shares
of Common Stock") of a company whose common shares are traded on a national
securities exchange or a national automated quotation system, then the Holder
may elect to receive a warrant to purchase Other Shares of Common Stock, the
terms of which shall be identical to those of this Warrant, except that such
warrant shall be exercisable into the number of shares of Other Shares of Common
Stock that would have been payable to the Holder pursuant to the Distribution
had the Holder exercised this Warrant immediately prior to such record date and
with an aggregate exercise price equal to the product of the amount by which the
exercise price of this Warrant was decreased with respect to the Distribution
pursuant to the terms of the immediately preceding paragraph (a), and the number
of Warrant Shares calculated in accordance with the first part of this paragraph
(b).

    

             Section
4. Purchase Rights; Fundamental Transactions.

    

                (a)
Purchase Rights. In addition to any adjustments pursuant to Section 2 above, if
at any time the Company grants, issues or sells any Options, Convertible
Securities or rights to purchase stock, warrants, securities or other property
pro rata to the record holders of any class of shares of Common Stock (the
"Purchase Rights"), then the Holder will be entitled to acquire, upon the terms
applicable to such Purchase Rights, the aggregate Purchase Rights which the
Holder could have acquired if the Holder had held the number of shares of Common
Stock acquirable upon complete exercise of this Warrant (without regard to any
limitations on the exercise of this Warrant) immediately before the date on
which a record is taken for the grant, issuance or sale of such Purchase Rights,
or, if no such record is taken, the date as of which the record holders of
shares of Common Stock are to be determined for the grant, issue or sale of such
Purchase Rights.

    

                (b)
Fundamental Transactions. If the Company enters into or is party to a
Fundamental Transaction, then the Holder shall have the right to either (A)
purchase and receive upon the basis and upon the terms and conditions herein
specified and in lieu of the Warrant Shares immediately theretofore issuable
upon exercise of the Warrant, such shares of stock, securities or assets
(including cash) as would have been issuable or payable with respect to or in
exchange for a number of Warrant Shares equal to the number of Warrant Shares
immediately theretofore issuable upon exercise of the Warrant, had such
Fundamental Transaction not taken place or (B) require the repurchase of this
Warrant for a purchase price, payable in cash within five Business Days after
such request, equal to the Black Scholes Value of the remaining unexercised
portion of this Warrant on the date of such request. The terms of any agreement
pursuant to which a Fundamental Transaction is effected shall include terms
requiring any such successor or surviving entity and Holder to comply with the
provisions of this Section 4(b). The provisions of this Section shall apply
similarly and equally to successive Fundamental Transactions and shall be
applied without regard to any limitations on the exercise of this
Warrant.

    

             Section
5. Noncircumvention. The Company hereby covenants and agrees that the Company
will not, by amendment of its Articles of Incorporation, Bylaws or through any
reorganization, transfer of assets, consolidation, merger, scheme of
arrangement, dissolution, issue or sale of securities, or any other voluntary
action, avoid or seek to avoid the observance or performance of any of the terms
of this Warrant, and will at all times in good faith carry out all the
provisions of this Warrant and take all action as may be required to protect the
rights of the Holder. Without limiting the generality of the foregoing, the
Company (i) shall not increase the par value of any shares of Common Stock
receivable upon the exercise of this Warrant above the Exercise Price then in
effect, (ii) shall take all such actions as may be necessary or appropriate in
order that the Company may validly and legally issue fully paid and
nonassessable shares of Common Stock upon the exercise of this Warrant, and
(iii) shall, so long as this Warrant is outstanding, take all action necessary
to reserve and keep available out of its authorized and unissued shares of
Common Stock, solely for the purpose of effecting the exercise of this Warrant,
the number of shares of Common Stock as shall from time to time be necessary to
effect the exercise of this Warrant then outstanding (without regard to any
limitations on exercise).

     

     

    
      
        
        

      

      
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             Section
6. Reservation of Authorized Shares.

    

                (a)
Initial Reservation. Within 60 days of a written demand by the Holder, the
Company shall reserve out of its authorized and unissued Common Stock the number
of shares of Common Stock needed to satisfy a full exercise of this Warrant and
provide to the Holder evidence thereof in form and substance satisfactory to the
Holder.

    

                (b)
Ongoing Reservation. So long as this Warrant is outstanding, the Company shall
take all actions necessary to reserve and keep available out of its authorized
and unissued Common Stock, solely for the purpose of effecting the exercise of
this Warrant, the number of shares of Common Stock as shall at all times after
60 days from a written demand by the Holder and from time to time thereafter as
necessary to effect the exercise of this Warrant; provided that at no time shall
the number of shares of Common Stock so reserved be less than the number of
shares required to be reserved by Section 6(a) hereof (without regard to any
limitations on conversions) (the "Required Reserve Amount").

    

                (c)
Insufficient Authorized Shares. If, at any time after 60 days of a written
demand by the Holder while this Warrant remain outstanding the Company does not
have a sufficient number of authorized and unreserved shares of Common Stock to
satisfy its obligation to reserve for issuance  upon the exercise of
this Warrant at least a number of shares of Common Stock equal to the Required
Reserve Amount (an "Authorized Share Failure"), then the Company shall
immediately take all  action necessary to increase the Company's
authorized shares of Common Stock to an amount sufficient to allow the Company
to reserve the Required Reserve Amount for this Warrant. Without limiting the
generality of the foregoing sentence, as soon as practicable after the date of
the occurrence of an Authorized Share Failure, but in no event later than 60
days after the occurrence of such Authorized Share Failure, the Company shall
hold a meeting of its stockholders for the approval of an increase in the number
of authorized shares of Common Stock. In connection with such meeting, the
Company shall provide each stockholder with a proxy statement and shall use its
best efforts to solicit its stockholders' approval of such increase in
authorized shares of Common Stock and to cause its Board of Directors to
recommend to the stockholders that they approve such proposal.

    

             Section
7. Warrant Holder not Deemed a Stockholder. Except as otherwise specifically
provided herein, the Holder, solely in such Person's capacity as a holder of
this Warrant, shall not be entitled to vote or receive dividends or be deemed
the holder of share capital of the Company for any purpose, nor shall anything
contained in this Warrant be construed to confer upon the Holder, solely in such
Person's capacity as the Holder of this Warrant, any of the rights of a
shareholder of the Company or any right to vote, give or withhold consent to any
corporate action (whether any reorganization, issue of stock, reclassification
of stock, consolidation, merger, conveyance or otherwise), receive notice of
meetings, receive dividends or subscription rights, or otherwise, prior to the
issuance to the Holder of the Warrant Shares which such Person is then entitled
to receive upon the due exercise of this Warrant. In addition, nothing contained
in this Warrant shall be construed as imposing any liabilities on the Holder to
purchase any securities (upon exercise of this Warrant or otherwise) or as a
shareholder of the Company, whether such liabilities are asserted by the Company
or by creditors of the Company. Notwithstanding this Section 7, the Company
shall provide the Holder with copies of the same notices and other information
given to the shareholders of the Company generally, contemporaneously with the
giving thereof to the shareholders.

     

     

    
      
        
        

      

      
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             Section
8. Reissuance of Warrants.

    

                (a)
Transfer of Warrant. If this Warrant is to be transferred, the Holder shall
surrender this Warrant to the Company, whereupon the Company will forthwith
issue and deliver upon the order of the Holder a new Warrant (in accordance with
Section 8(d)), registered as the Holder may request.

    

                (b)
Lost, Stolen or Mutilated Warrant. Upon receipt by the Company of evidence
reasonably satisfactory to the Company of the loss, theft, destruction or
mutilation of this Warrant, and, in the case of loss, theft or destruction, of
any indemnification undertaking by the Holder to the Company in customary form
and, in the case of mutilation, upon surrender and cancellation of this Warrant,
the Company shall execute and deliver to the Holder a new Warrant (in accordance
with Section 8(d)).

    

                (c)
Exchangeable for Multiple Warrants. This Warrant is exchangeable, upon the
surrender hereof by the Holder at the principal office of the Company, for a new
Warrant or Warrants (in accordance with Section 8(d)) representing in the
aggregate the right to purchase the number of Warrant Shares then underlying
this Warrant, and each such new Warrant will represent the right to purchase
such portion of such Warrant Shares as is designated by the Holder at the time
of such surrender; provided, however, that no Warrants for fractional shares of
Common Stock shall be given.

    

                (d)
Issuance of New Warrants. Whenever the Company is required to issue a new
Warrant pursuant to the terms of this Warrant, such new Warrant (i) shall be of
like tenor with this Warrant, (ii) shall represent, as indicated on the face of
such new Warrant, the right to purchase the Warrant Shares then underlying this
Warrant (or in the case of a new Warrant being issued pursuant to Section 8(a)
or Section 8(c), the Warrant Shares designated by the
Holder  which,  when added to the number of shares of Common
Stock  underlying the other new Warrants issued in connection with
such issuance, does not exceed the number of Warrant Shares
then  underlying  this Warrant),  (iii) shall have
an issuance date,  as  indicated  on the face of
such new  Warrant  which is the same as the
Closing  Date,  and (iv)  shall  have
the same  rights  and  conditions  as
this Warrant.

    

             Section
9. Notices. Whenever notice is required to be given under this Warrant, unless
otherwise provided herein, such notice shall be given in accordance with Section
7 of the Agreement. The Company shall provide the Holder with prompt written
notice of all actions taken pursuant to this Warrant, including in reasonable
detail a description of such action and the reason therefor. Without limiting
the generality of the foregoing, the Company will give written notice to the
Holder (i) immediately upon any adjustment of the Exercise Price, setting forth
in reasonable detail, and certifying, the calculation of such adjustment and
(ii) at least fifteen days prior to the date on which the Company closes its
books or takes a record (A) with respect to any dividend or distribution upon
the shares of Common Stock, (B) with respect to any grants, issuances or sales
of any Options, Convertible Securities or rights to purchase stock, warrants,
securities or other property to holders of shares of Common Stock or (C) for
determining rights to vote with respect to any Fundamental Transaction,
dissolution or liquidation, provided in each case that such information shall be
made known to the public prior to or in conjunction with such notice being
provided to the Holder.

    

             Section
10. Amendment and Waiver. Except as otherwise provided herein, the provisions of
this Warrant may be amended and the Company may take any action herein
prohibited, or omit to perform any act herein required to be performed by it,
only if the Company has obtained the prior written consent of the Holder;
provided that no such action may increase the Exercise Price of this Warrant or
decrease the number of shares or class of stock obtainable upon exercise of this
Warrant.

    

             Section
11. Severability. If any provision of this Warrant or the application thereof
becomes or is declared by a court of competent jurisdiction to be illegal, void
or unenforceable, the remainder of the terms of this Warrant will continue in
full force and effect.

     

     

    
      
        
        

      

      
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             Section
12. Governing Law; Jurisdiction; Jury Trial. All questions concerning the
construction, validity, enforcement and interpretation of this Warrant shall be
governed by the internal laws of the State of New York, without giving effect to
any choice of law or conflict of law provision or rule (whether of the State of
New York or any other jurisdictions) that would cause the application of the
laws of any jurisdictions other than the State of New York. Each party hereby
irrevocably submits to the exclusive jurisdiction of the state and federal
courts sitting in The City of New York, Borough of Manhattan, for the
adjudication of any dispute hereunder or in connection herewith or with any
transaction contemplated hereby or discussed herein, and hereby irrevocably
waives, and agrees not to assert in any suit, action or proceeding, any claim
that it is not personally subject to the jurisdiction of any such court, that
such suit, action or proceeding is brought in an inconvenient forum or that the
venue of such suit, action or proceeding is improper. Each party hereby
irrevocably waives personal service of process and consents to process being
served in any such suit, action or proceeding by mailing a copy thereof to such
party at the address for such notices to it under this Warrant and agrees that
such service shall constitute good and sufficient service of process and notice
thereof. Nothing contained herein shall be deemed to limit in any way any right
to serve process in any manner permitted by law. EACH PARTY HEREBY IRREVOCABLY
WAIVES ANY RIGHT IT MAY HAVE, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE
ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION WITH OR ARISING OUT OF
ANY TRANSACTION CONTEMPLATED HEREBY.

    

             Section
13. Construction; Headings. This Warrant shall be deemed to be jointly drafted
by the Company and the Holder and shall not be construed against any person as
the drafter hereof. The headings of this Warrant are for convenience of
reference and shall not form part of, or affect the interpretation of, this
Warrant.

    

             Section
14. Dispute Resolution. In the case of a dispute as to the determination of the
Exercise Price or the arithmetic calculation of the Warrant Shares, the Company
shall submit the disputed determinations or arithmetic calculations within two
Business Days of receipt of the Exercise Notice giving rise to such dispute, as
the case may be, to the Holder. If the Holder and the Company are unable to
agree upon such determination or calculation of the Exercise Price or the
Warrant Shares within one Business Day of such disputed determination or
arithmetic calculation being submitted to the Holder, then the Company shall,
within one Business Day submit (a) the disputed determination of the Exercise
Price to an independent, reputable investment bank selected by the Holder and
approved by the Company or (b) the disputed arithmetic calculation of the
Warrant Shares to an independent, reputable accounting firm selected by the
Holder and approved by the Company. The Company shall cause, at its expense, the
investment bank or the accounting firm, as the case may be, to perform the
determinations or calculations and notify the Company and the Holder of the
results no later than five Business Days from the date it receives the disputed
determinations or calculations. Such investment bank's or accountant's
determination or calculation, as the case may be, shall be binding upon all
parties absent demonstrable error.

    

             Section
15. Remedies, Other Obligations, Breaches and Injunctive Relief. The remedies
provided in this Warrant shall be cumulative and in addition to all other
remedies available under this Warrant, at law or in equity (including a decree
of specific performance and/or other injunctive relief), and nothing herein
shall limit the right of the Holder to seek actual damages for any failure by
the Company to comply with the terms of this Warrant. The Company acknowledges
that a breach by it of its obligations hereunder will cause irreparable harm to
the Holder and that the remedy at law for any such breach may be inadequate. The
Company therefore agrees that, in the event of any such breach or threatened
breach, the holder of this Warrant shall be entitled, in addition to all other
available remedies, to an injunction restraining any breach, without the
necessity of showing economic loss and without any bond or other security being
required.

     

     

    
      
        
        

      

      
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             Section
16. Transfer. This Warrant may be offered for sale, sold, transferred or
assigned without the consent of the Company.

    

             Section
17.  Certain  Definitions.  For purposes of this
Warrant, the following terms shall have the following meanings:

    

              "Affiliate"
means, as to any Person, any other Person which directly or indirectly controls,
is controlled by, or is under common control with such Person. For purposes of
this definition, "control" of a Person includes (A) the power, direct or
indirect, (i) to vote or direct the voting of 10% or more of the outstanding
shares of Voting Stock of such Person, or (ii) to direct or cause the direction
of the management and policies of such Person (whether by ownership of Capital
Stock, by contract or otherwise) or (B) the ownership of Capital Stock or other
securities representing 10% or more of the total economic interests of such
Person; provided, that the Holder shall be deemed to be an Affiliate of the
Company.

    

                "Aggregate
Exercise Price" has the meaning set forth in Section 1(a).

    

                "Applicable
Price" has the meaning set forth in Section 2(a).

    

                "Approved
Stock Plan" means any employee benefit plan which has been approved by the Board
of Directors of the Company, pursuant to which the Company's securities may be
issued to any employee, officer or director for services provided to the
Company.

    

                "Authorized  Share  Failure"  has
the  meaning  set forth in Section 6(b).

    

                "Black
Scholes Value" means the value of this Warrant based on the Black and Scholes
Option Pricing Model obtained from the "OV" function on Bloomberg determined as
of the day immediately following the public announcement of the applicable
Fundamental Transaction and reflecting (i) a risk-free interest rate
corresponding to the U.S. Treasury rate for a period equal to the remaining term
of this Warrant as of such date of request is 2.5% and (ii) an expected
volatility equal to 60%.

    

                "Bloomberg"
means Bloomberg Financial Markets.

    

                "Business
Day" means any day other than Saturday, Sunday or other day on which commercial
banks in The City of New York, New York are authorized or required by law to
remain closed.

    

                "Buy-In
Price" has the meaning set forth in Section 1(c).

    

                "Capital
Stock" means and includes, with respect to any Person (a) any and all shares,
interests, participations or other equivalents of or interests in (however
designated) corporate stock, including shares of preferred or preference stock
of such Person, (b) all partnership interests (whether general or limited) in
such Person which is a partnership, (c) all membership interests or limited
liability company interests in such Person which is a limited liability company,
(d) any interest or participation that confers on a Person the right to receive
a share of the profits and/or losses of, or distributions of assets of such
Person, and (e) all equity or ownership interests in such Person of any other
type, and any and all warrants, rights or options to purchase any of the
foregoing.

    

                "Cash
Exercise" has the meaning set forth in Section 1(d).

    

                "Cashless
Exercise" has the meaning set forth in Section 1(d).

     

     

    
      
        
        

      

      
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                 "Closing
Bid Price" and "Closing Sale Price" means, for any security as of any date, the
last closing bid price and last closing trade price, respectively, for such
security on the Principal Market, as reported by Bloomberg, or, if the Principal
Market begins to operate on an extended hours basis and does not designate the
closing bid price or the closing trade price, as the case may be, then the last
bid price or last trade price, respectively, of such security prior to 4:00:00
p.m., New York time, as reported by Bloomberg, or, if the Principal Market is
not the principal securities exchange or trading market for such security, the
last closing bid price or last trade price, respectively, of such security on
the principal securities exchange or trading market where such security is
listed or traded as reported by Bloomberg, or if the foregoing do not apply, the
last closing bid price or last trade price, respectively, of such security in
the over-the-counter market on the electronic bulletin board for such security
as reported by Bloomberg, or, if no closing bid price or last trade price,
respectively, is reported for such security by Bloomberg, the average of the bid
prices, or the ask prices, respectively, of any market makers for such security
as reported in the "pink sheets" by Pink Sheets LLC (formerly the National
Quotation Bureau, Inc.). If the Closing Bid Price or the Closing Sale Price
cannot be calculated for a security on a particular date on any of the foregoing
bases, the Closing Bid Price or the Closing Sale Price, as the case may be, of
such security on such date shall be the fair market value as mutually determined
by the Company and the Holder. If the Company and the Holder are unable to agree
upon the fair market value of such security, then such dispute shall be resolved
in the same manner as the disputes described in Section 14. All such
determinations to be appropriately adjusted for any stock dividend, stock split,
stock combination or other similar transaction during the applicable calculation
period.

    

                "Closing
Date" has the meaning set forth in the preamble to this Warrant.

    

                "Common
Stock" means (i) the Company's shares of common stock, $0.001 par value per
share, and (ii) any share capital into which such common stock shall have been
changed or any share capital resulting from a reclassification of such common
stock.

    

                "Company"
has the meaning set forth in the preamble to this Warrant.

    

                "Convertible
Securities" means any stock or securities (other than Options) directly or
indirectly convertible into or exercisable or exchangeable for shares of Common
Stock.

    

                "Dilutive
Issuance" has the meaning set forth in Section 2(a).

    

                "Distribution"
has the meaning set forth in Section 3.

    

                "DTC"
has the meaning set forth in Section 1(a).

    

                "Excluded
Security" means any Common Stock issued or issuable: (i) in connection with any
Approved Stock Plan; (ii) upon conversion of any Preferred Stock or this
exercise of the Warrant; and (iii) upon conversion of any Options or Convertible
Securities which are outstanding on the day immediately preceding the Closing
Date, provided that the terms of each such Options or Convertible Securities are
not amended, modified or changed on or after the Closing Date.

    

                 "Exercise
Delivery Documents" has the meaning set forth in Section 1(a).

    

                "Exercise
Price" has the meaning set forth in Section 1(b).

    

                "Exercise
Notice" has the meaning set forth in Section 1(a).

     

     

    
      
        
        

      

      
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                "Expiration
Date" means the date three year after the Closing Date or, if such date falls on
a day other than a Business Day or on which trading does not take place on the
Principal Market (a "Holiday"), the next date that is not a
Holiday.

    

                "Fundamental
Transaction" means that the Company shall, directly or indirectly, in one or
more related transactions, (i) consolidate or merge with or into (whether or not
the Company is the surviving corporation) another Person, or (ii) sell, assign,
transfer, convey or otherwise dispose of all or substantially all of the
properties or assets of the Company to another Person, or (iii) allow another
Person to make a purchase, tender or exchange offer that is accepted by the
holders of more than the 50% of either the outstanding shares of Common Stock
(not including any shares of Common Stock held by the Person or Persons making
or party to, or associated or affiliated with the Persons making or party to,
such purchase, tender or exchange offer), or (iv) consummate a stock purchase
agreement or other business combination (including, without limitation, a
reorganization, recapitalization, spin-off or scheme of arrangement) with
another Person whereby such other Person acquires more than the 50% of the
outstanding shares of Common Stock (not including any shares of Common Stock
held by the other Person or other Persons making or party to, or associated or
affiliated with the other Persons making or party to, such stock purchase
agreement or other business combination), or (v) reorganize, recapitalize or
reclassify its Common Stock.

    

                "Holder"
has the meaning set forth in the preamble to this Warrant.

    

                "New
Issuance Price" has the meaning set forth in Section 2(a).

    

                "Maximum
Percentage" has the meaning set forth in Section 1(f).

    

                "Consulting
Agreement" has the meaning set forth in the preamble to this
Warrant.

    

                "Options"
means any rights, warrants or options to subscribe for or purchase shares of
Common Stock or Convertible Securities.

    

                "Other
Shares of Common Stock" has the meaning set forth in Section 3(b).

    

                 "Person"
means an individual, a limited liability company, a partnership, a joint
venture, a corporation, a trust, an unincorporated organization, any other
entity and a government or any department or agency thereof.

    

                "Principal
Market" means the NASD OTC Bulletin Board.

    

                "Purchase
Rights" has the meaning set forth in Section 4(a).

    

                "Registration
Rights Agreement" means that certain Registration Rights Agreement, dated as of
even date herewith, by and among the Company and the Holder.

    

                "Required
Reserve Amount" has the meaning set forth in Section 6(a).

    

                "Transfer
Agent" has the meaning set forth in Section 1(a).

    

                "Valuation
Event" has the meaning set forth in Section 2(a)(iv).

     

     

    
      
        
        

      

      
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                "Voting
Stock" means, with respect to any Person, the Capital Stock of such Person of
any class or classes, the holders of which are ordinarily, in the absence of
contingencies, entitled to vote for the election of members of the Board of
Directors (or Persons performing similar functions) of such Person.

    

                "Warrant"
has the meaning set forth in the preamble to this Warrant.

    

                "Warrant
Shares" has the meaning set forth in the preamble to this Warrant.

    

    

     

     

     

     

     

    [Signature
Page Follows]

    

    

    
 

    

    

    

    
      
        
        

      

      
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             IN
WITNESS WHEREOF, the Company has caused this Warrant to Purchase Common Stock to
be duly executed as of the Date of Issuance set out above.

    
 

     

     

     

     

    PREVENTION
INSURANCE.COM, INC.

    

     
By:  __________________________                                                        

     
Name: Alan P.
Donenfeld                                                          

     
Title:   President

    

    

     

     

     

    
 

    
      
        
        

      

      
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    EXHIBIT
A

    

    EXERCISE
NOTICE

    TO BE
EXECUTED BY THE REGISTERED HOLDER TO EXERCISE THIS

    WARRANT
TO PURCHASE COMMON STOCK

    

    PREVENTION
INSURANCE.COM, INC.

    

     The
undersigned holder hereby exercises the right to purchase _________________ of
the shares of Common Stock ("Warrant Shares") of PREVENTION INSURANCE.COM, INC.,
a Nevada corporation (the "Company"), evidenced by the attached Warrant to
Purchase Common Stock (the "Warrant"). Capitalized terms used herein and not
otherwise defined shall have the respective meanings set forth in the
Warrant.

    

             1.
Form of Exercise  Price.  The Holder intends that payment of
the Exercise Price shall be made as:

    

                ____________
a "Cash Exercise" with respect to _________________ Warrant Shares;
and/or

    

                ____________
a "Cashless Exercise" with respect to ____________ Warrant Shares.

    

              2.
Payment of Exercise Price. In the event that the holder has elected a Cash
Exercise with respect to some or all of the Warrant Shares to be issued pursuant
hereto, the holder shall pay the Aggregate Exercise Price in the sum of
$___________________ to the Company in accordance with the terms of the
Warrant.

    

             3.
Delivery of Warrant Shares. The Company shall deliver to the holder __________
Warrant Shares in accordance with the terms of the Warrant.

    

    Date:
_______________ __, ______

    

     ________________________________

    Name
of  Holder

    

    By:______________________________

    

    Name:____________________________

    

    Title:___________________________

    

    

    

    

    
 

    
      
        
        

      

      
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    ACKNOWLEDGMENT

    

              The
Company hereby acknowledges this Exercise Notice and hereby directs OTR to issue
the above indicated number of shares of Common Stock in accordance with the
Transfer Agent Instructions from the Company and acknowledged and agreed to by
OTR.

    

                                    PREVENTION
INSURANCE.COM, INC.

    

    By:
__________________________

    Name:
Alan P. Donenfeld

    Title:   President

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