Document:

Exhibit 10.13

                              AMENDED AND RESTATED

               CERTIFICATE OF DESIGNATIONS, PREFERENCES AND RIGHTS

                                       OF

                      SERIES A CONVERTIBLE PREFERRED STOCK

                                       OF

                          BIOACCELERATE HOLDINGS, INC.

                      (Pursuant to Nevada Revised Statutes)

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

      Bioaccelerate  Holdings,  Inc., a corporation organized and existing under
the laws of the State of Nevada (the "Company"), hereby certifies that, pursuant
to the  authority  vested in the Board of Directors of the Company (the "Board")
by  the  Certificate  of  Incorporation  of the  Company  (the  "Certificate  of
Incorporation"),  as amended, the following resolution was adopted as of October
13, 2005 by the Board pursuant to the applicable Nevada Revised Statutes:

      RESOLVED,  that  pursuant  to the  authority  granted to and vested in the
Board in accordance with the provisions of the Certificate of Incorporation,  as
amended,  there shall be created a series of Preferred Stock,  $0.001 par value,
which series shall have the following  designations and number thereof,  powers,
preferences, rights, qualifications, limitations and restrictions:

      1.  Designation  and Number of Shares.  There shall  hereby be created and
established  a series of Preferred  Stock  designated  as "Series A  Convertible
Preferred  Stock" (the "Series A Preferred  Stock").  The  authorized  number of
shares of Series A Preferred  Stock shall be 5,500,000  shares;  provided,  that
whatever  number of shares of Series A Preferred Stock is not issued and sold in
the offering of Series A Preferred Stock being undertaken contemporaneously with
the  creation of the Series A Preferred  Stock shall be  cancelled,  retired and
eliminated by the Company from the shares of Series A Preferred  Stock which the
Company  shall be  authorized  to issue.  Any such  shares of Series A Preferred
Stock so cancelled,  retired and eliminated  shall have the status of authorized
and unissued shares of Preferred  Stock issuable in undesignated  Series and may
be  redesignated  and  reissued  in any series  other than as Series A Preferred
Stock.

      2. Conversion.

      (a) Right to  Convert.  Each share of Series A  Preferred  Stock  shall be
convertible  into a number of shares of the Company's  common  stock,  par value
$0.001 per share (the "Common Stock") equal to the applicable Liquidation Amount
(as defined in Section 5 hereof) divided by the then applicable Conversion Price
(as defined  herein) upon the earlier to occur of (i) the election of the holder
to convert (an "Optional Conversion"), in whole or in part, at any time, or from
time to time,  commencing  with date of the  issuance  of such share of Series A
Preferred  Stock  (the  "Issuance  Date") or (ii) the  earliest  to occur of the
following dates (an "Automatic Conversion"):
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(A) the date, at any time after the one year  anniversary  of the Issuance Date,
upon which both (x) the average of the Market  Price (as  defined  herein) for a
share of Common Stock for a period of at least thirty  consecutive  Trading Days
(as defined herein) exceeds Three Hundred Per Cent (300%) of the then-applicable
Conversion  Price and (y) the average of the trading volume for the Common Stock
during such period exceeds 100,000 shares per day (subject to adjustment of such
trading  volume  threshold in the event of stock  splits,  reverse stock splits,
stock dividends, recapitalizations or similar events) shares per Trading Day and
the shares of Common Stock issued upon such  conversion  are  registered at such
time under an effective registration statement; (B) upon the affirmative vote of
the holders of a majority of the then  outstanding  shares of Series A Preferred
Stock;  or (C)  immediately  prior  to the  closing  of an  underwritten  public
offering of the  Company's  Common  Stock for  aggregate  gross  proceeds to the
Company  of not less than One  Hundred  Million  Dollars  ($100,000,000)  if the
public  offering  price of the Company's  Common Stock is at least two (2) times
the then applicable  Conversion Price and the shares of Common Stock issued upon
such  conversion  are  registered  at such time under an effective  registration
statement.

      (b) As used herein,  "Market Price" means,  with respect to any applicable
security as of any  applicable  date,  (i) the last closing  trade price of such
security on whichever national securities exchange or trading market (including,
without  limitation,  the Nasdaq and the OTC  Bulletin  Board) is the  principal
trading  market  where such  security is listed by the Company for trading  (the
"Principal Market"),  as reported by Bloomberg,  or (ii) if the Principal Market
should  operate on an extended  hours basis and does not  designate  the closing
trade  price,  then  the  last  trade  price  of  such  security  prior  to  the
commencement of extended  trading hours on the applicable  date, but in no event
later than 4:30:00 p.m., New York local time, as reported by Bloomberg, or (iii)
if no last trade price is reported for such security by  Bloomberg,  the average
of the bid prices,  on the one hand,  and the ask prices,  on the other hand, of
all market  makers for such  security as  reported in the "pink  sheets" by Pink
Sheets LLC  (formerly  the National  Quotation  Bureau,  Inc.).  The  applicable
trading market for such  calculation,  whether it is the Principal Market or the
"pink sheets",  is hereafter  referred to as the "Trading  Market".  The Company
shall make all  determinations  pursuant to this paragraph in good faith. In the
absence of any available public quotations for the Common Stock, the Board shall
determine in good faith the fair value of the Common Stock, which  determination
shall be set forth in a certificate by the Secretary of the Company.

      As used herein,  "Trading Day" means a day on which the principal  Trading
Market with respect to the Common Stock is open for the transaction of business.

      (c)  Effecting  a  Conversion.  Immediately  upon  the  occurrence  of  an
Automatic Conversion, each holder's shares of Series A Preferred Stock, shall be
deemed  to have  been  converted  into the  applicable  number  of shares of the
Company's Common Stock in accordance with the then applicable  Conversion Price,
and certificates  evidencing such shares of Common Stock shall be issued to such
holder within five business  days after receipt of the  applicable  certificates
evidencing such holder's shares of Series A Preferred Stock, together with other
customary  documentation  (including  delivery  instructions).  The holder shall
effect any Optional  Conversion by surrendering  the certificate or certificates
representing  the  shares of Series A  Preferred  Stock to be  converted  to the
Company,  together with written notice of its election to convert and specifying
the name or names (with  address) in which a  certificate  or  certificates  for
shares of Common  Stock are to be issued (a  "Stockholder  Conversion  Notice").

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Each Stockholder  Conversion Notice shall specify the number of shares of Series
A Preferred Stock to be converted and the date on which such conversion is to be
effected,  which date may be neither prior to, nor more than 10 days after,  the
date the holder delivers such Stockholder  Conversion  Notice.  If no conversion
date is specified in a Stockholder  Conversion Notice, the conversion date shall
be  the  date  that  the  Stockholder  Conversion  Notice  is  delivered.   Each
Stockholder  Conversion Notice,  once given,  shall be irrevocable.  A holder of
Series A Preferred  Stock may only convert shares of Series A Preferred Stock in
blocks equal to not less than the lesser of (i) the number of shares of Series A
Preferred  Stock,  convertible  into 15,000  shares of Common Stock and (ii) all
shares of Series A Preferred Stock then held by the  stockholder.  If the holder
is converting  less than all shares of Series A Preferred  Stock  represented by
the  certificate  or  certificates  tendered by the holder with the  Stockholder
Conversion  Notice,  the Company  shall convert the number of shares of Series A
Preferred  Stock so  specified  and shall  promptly  deliver  (but not more than
fifteen  business  days later) to such holder a  certificate  for such number of
shares as have not been  converted.  Upon an Automatic  Conversion,  the Company
shall notify each holder thereof and each holder shall surrender the certificate
or certificates representing all of the shares of Series A Preferred Stock owned
by such holder and each  holder of shares of Series A  Preferred  Stock shall be
deemed to be the holder of record of the Common Stock issued upon such Automatic
Conversion.  All fractional shares resulting from the conversion of the Series A
Preferred  Stock  shall be  rounded  up to the next  highest  whole  share.  All
certificates  representing  shares of Series A Preferred  Stock  surrendered for
conversion  shall be delivered to the Company for  cancellation  and canceled by
it. As promptly as  practicable  (but no more than ten business  days) after the
surrender of any shares of Series A Preferred  Stock, the Company shall (subject
to compliance  with the  applicable  provisions of federal and state  securities
laws)  deliver  to the  holder  of such  shares  so  surrendered  certificate(s)
representing the number of fully paid and  nonassessable  shares of Common Stock
into which such shares are  entitled to be  converted.  Upon a  conversion,  any
accrued and unpaid  dividends  shall be paid either in cash, to the extent funds
are legally available  therefor,  or shares of Common Stock valued at the Market
Price, in the sole discretion of the Company.

      (d) Conversion Price. The initial conversion price per share of the Series
A Preferred  Stock (the  "Conversion  Price"),  shall be equal to One Dollar and
Fifty Cents ($1.50) per share of Common Stock into which such number of share of
Series A Preferred  Stock is  convertible,  subject to adjustment as provided in
Section 3.

      (e) Reservation of Shares. The Company covenants that it will at all times
reserve and keep  available  out of its  authorized  and  unissued  Common Stock
solely for the purpose of issuance upon conversion of Series A Preferred  Stock,
as herein provided,  free from preemptive  rights or any other actual contingent
purchase  rights of persons  other than the holders of Series A Preferred  Stock
pursuant to this clause,  not less than such number of shares of Common Stock as
shall be issuable  upon the  conversion  of all  outstanding  shares of Series A
Preferred  Stock.  The Company  covenants  that all shares of Common  Stock that
shall be so issuable shall, upon issue, be duly and validly  authorized,  issued
and fully paid, nonassessable and freely tradeable.

      If at any time the  number of  authorized  but  unissued  shares of Common
Stock shall not be sufficient to effect the  conversion of all then  outstanding
shares of Series A Preferred  Stock, in addition to such other remedies as shall
be available to the holders of such Series A Preferred  Stock,  the Company will
take such  corporate  action  necessary to increase its  authorized but unissued
shares of Common Stock to such number of shares as shall be sufficient  for such
purposes.

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      (f) Issue Taxes.  The Company shall pay all issue taxes, if any,  incurred
in respect of the issue of shares of Common Stock on conversion.  If a holder of
shares of Series A Preferred  Stock specifies that the shares of Common Stock to
be issued on Automatic Conversion are to be issued in a name or names other than
the name or names in which such Series A  Preferred  Stock stand or the names of
affiliates of the initial  holder of such shares,  then the Company shall not be
required to pay any additional transfer or other taxes incurred by reason of the
issuance  of such  shares of  Common  Stock to the name of  another,  and if the
appropriate  transfer  taxes  shall  not have been  paid to the  Company  or the
transfer agent for the Series A Preferred  Stock, as applicable,  at the time of
Automatic Conversion of the Series A Preferred Stock, as applicable,  the shares
of Common Stock issued upon conversion  thereof may be registered in the name or
names in which the Series A Preferred  Stock,  as applicable,  were  registered,
despite the instructions to the contrary.

      3. Adjustment of Conversion Price.

      (a)  Definition  of  Additional  Stock.  For  purposes of this  Section 3,
"Additional  Shares of Common Stock"  includes all shares of Common Stock issued
by the Company after the Issuance Date, other than:

            (i)   The  Shares  of Series A  Preferred  Stock,  or the  Shares of
                  Common  Stock  issued  upon  conversion  of shares of Series A
                  Preferred Stock;

            (ii)  Shares of Common Stock (subject to appropriate  adjustment for
                  any stock dividend,  stock split, combination or other similar
                  recapitalization  affecting such shares) issuable or issued to
                  the Company's  employees,  officers,  directors or consultants
                  pursuant  to a stock  option  plan or  restricted  stock  plan
                  approved by the Board;

            (iii) Shares  of  Common  Stock  issued  or  issuable   pursuant  to
                  subsection 3(d) below;

            (iv)  Shares  of  Common  Stock or  Preferred  Stock  issuable  upon
                  exercise  of  options,   warrants   or  upon   conversion   of
                  convertible  securities or other rights  outstanding as of the
                  Issuance Date; and options,  warrants,  and other  convertible
                  securities or rights issued in connection with the sale by the
                  Company of the Series A Preferred Stock, if any; and

            (v)   Securities and options,  warrants and other rights to purchase
                  securities issued (a) to financial  institutions or lessors in
                  connections  with  commercial  credit  agreements,   equipment
                  financings   or   similar   transactions   or  (b)  to   other
                  corporations,   persons  or   entities  in   connection   with
                  acquisitions,   mergers  or  similar  business   combinations,
                  partnership  arrangements,   strategic  alliances,   licensing
                  arrangements  or  similar  non-capital  raising   transactions
                  approved  by  the  Board,   including  within  this  exception
                  securities  and  options,  warrants  and  rights  to  purchase
                  securities  issued to raise  capital  provided that the use of
                  proceeds   is   to   consummate   such   non-capital   raising
                  transactions.

      The number and kind of  securities  issuable  upon the  conversion  of the
Series A Preferred Stock and the Conversion Price shall be subject to adjustment
from time to time in accordance with the following provisions:

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      (b)  Subdivision or  Combination of Shares.  In the event that the Company
shall at any time or from time to time,  prior to conversion of shares of Series
A Preferred  Stock (x) subdivide the  outstanding  shares of Common Stock into a
larger  number of shares or (y) combine the  outstanding  shares of Common Stock
into a smaller  number of shares,  then,  and in each such case,  the Conversion
Price in effect immediately prior to such event shall be adjusted (and any other
appropriate  actions  shall be taken by the  Company)  so that the holder of any
share of Series A Preferred Stock thereafter surrendered for conversion shall be
entitled to receive the number of shares of Common Stock or other  securities of
the  Company  that such holder  would have owned or would have been  entitled to
receive upon or by reason of any of the events  described  above, had such share
of Series A Preferred Stock been converted  immediately  prior to the occurrence
of such event.  An  adjustment  made  pursuant to this Section 3(b) shall become
effective  retroactively in the case of any such subdivision or combination,  to
the close of  business  on the day upon  which  such  corporate  action  becomes
effective.

      (c) Stock Dividends.  In case Additional Shares of Common Stock are issued
as a dividend or other  distribution  on the Common  Stock (or such  dividend is
declared),  the  Conversion  Price shall be reduced,  as of the date a record is
taken of the holders of Common Stock for the purpose of receiving  such dividend
or other  distribution (or if no such record is taken, as at the earliest of the
date of such  declaration,  payment or other  distribution),  to the  Conversion
Price determined by multiplying the Conversion Price in effect immediately prior
to such  declaration,  payment  or  other  distribution  by a  fraction  (i) the
numerator  of which  shall be the number of shares of Common  Stock  outstanding
immediately  prior to the  declaration  or  payment  of such  dividend  or other
distribution,  and (ii) the  denominator  of which shall be the total  number of
shares of Common Stock outstanding  immediately after the declaration or payment
of such  dividend or other  distribution.  In the event that the  Company  shall
declare or pay any dividend on the Common Stock  payable in any right to acquire
Common Stock for no consideration, then the Company shall be deemed to have made
a dividend  payable in Common  Stock in an amount of shares equal to the maximum
number of shares issuable upon exercise of such rights to acquire Common Stock.

      (d)  Recapitalization  or Reclassification of Common Stock. In case of any
(i) capital  reorganization or any reclassification  (other than a change in par
value) of the capital  stock of the Company,  or (ii)  exchange or conversion of
the Common Stock for or into securities of another  corporation or other entity,
or (iii)  consolidation  or merger of the Company  with or into any other person
(other than a merger which does not result in any reclassification,  conversion,
exchange or cancellation  of outstanding  shares of Common Stock or any issuance
of Additional Shares of Common Stock) or (iv) sale, lease or other conveyance of
all or  substantially  all of the assets of the Company,  then in each  instance
referred to in the preceding  clauses (i) through (iv), the Board and the person
formed by such  consolidation  or resulting  from such  capital  reorganization,
reclassification   or  merger  or  which  acquires  (by  sale,  lease  or  other
conveyance) such assets,  as the case may be, shall make provision such that the
Series A Preferred Stock shall thereafter be convertible for the kind and amount
of shares of stock,  other securities,  cash and other property  receivable upon
such capital  reorganization,  reclassification,  consolidation,  merger,  sale,
lease or other  conveyance,  as the case may be, by a holder of shares of Common
Stock  equal to the  number of shares of Common  Stock  underlying  the Series A
Preferred  Stock,  as  applicable,  issuable upon the conversion of the Series A
Preferred  Stock  immediately  prior  to the  effective  date  of  such  capital
reorganization,  reclassification,  merger, consolidation,  sale, lease or other
conveyance  and,  in each  instance  referred  to in the  preceding  clauses (i)
through (iv) (each,  a  "Transaction"),  appropriate  adjustment  (as reasonably
determined in good faith by the Board) shall be made in the  application  of the
provisions  herein set forth with respect to rights and interests  thereafter of
the holders of the Series A Preferred  Stock, to the end that the provisions set
forth herein  (including the specified  changes in and other  adjustments of the
number of shares  underlying the Series A Preferred  Stock) shall  thereafter be
applicable,  as near as  reasonably  may be, in  relation  to any such shares of
stock  or  other  securities  or  other  property  thereafter  deliverable  upon
conversion of the Series A Preferred Stock. The Company shall not enter into any
Transaction unless effective provision shall be made so as to give effect to the
provisions set forth in this subsection (d).

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      The Company shall not effect any transaction  described in this subsection
3(d) unless (i) it first gives  twenty (20) days' prior  written  notice of such
merger, consolidation,  exchange of shares, recapitalization,  reorganization or
other similar event or sale of assets (during which time the holders of Series A
Preferred  Stock shall be entitled to convert the Series A Preferred  Stock) and
(ii) the resulting successor or acquiring entity (if not the Company) assumes by
written  instrument the obligations of this  subsection  3(d). The provisions of
this  subsection  3(d)  shall  similarly  apply  to  successive  consolidations,
reorganizations,  reclassifications,  exchanges,  conversions,  mergers,  sales,
leases and other conveyances.

      (e) Issuance of Stock at Less than Conversion  Price. If the Company shall
issue any Additional  Shares of Common Stock after the Issuance Date (other than
as  provided  in  the  foregoing   subsections   3(b)  through  3(d)),   for  no
consideration or for a consideration per share less than the Conversion Price in
effect on the date of and immediately  prior to such issue,  then in such event,
the Conversion Price shall be reduced,  concurrently with such issue, to a price
equal to the quotient obtained by dividing:

            (i)   an amount  equal to (x) the  total  number of shares of Common
                  Stock  outstanding  immediately prior to such issuance or sale
                  multiplied by the Conversion Price in effect immediately prior
                  to such issuance or sale, plus (y) the Aggregate Consideration
                  Received  (as such term is defined in  subsection  3(g)(v)) or
                  deemed to be  received by the  Company  upon such  issuance or
                  sale, by

            (ii)  the  total  number  of  shares  of  Common  Stock  outstanding
                  immediately after such issuance or sale.

      (f)  Issuance of Options and  Convertible  Securities  Deemed  Issuance of
Additional  Shares of Common Stock. If the Company,  at any time or from time to
time after the Issuance  Date,  shall issue any  options,  warrants or rights to
purchase  Common Stock  (collectively,  "Options") or securities  that, by their
terms,  directly or indirectly,  are convertible into or exchangeable for shares
of Common  Stock  ("Convertible  Securities")  (in each case  other  than  those
securities  excluded,  pursuant to Section 3, from the definition of "Additional
Shares of Common  Stock") or shall fix a record  date for the  determination  of
holders  of any class of  securities  entitled  to receive  any such  Options or
Convertible  Securities,  in each case  other than  those  securities  excluded,
pursuant  to  Section 3, from the  definition  of  "Additional  Shares of Common
Stock",  then the maximum  number of shares of Common Stock (as set forth in the
instrument  relating thereto without regard to any provision  contained  therein
for a subsequent  adjustment of such number)  issuable upon the exercise of such
Options or, in the case of  Convertible  Securities  and Options  therefor,  the
conversion  or exchange of such  Convertible  Securities,  shall be deemed to be
Additional  Shares of Common Stock issued under this  Certificate as of the time
of such issue or, in case such a record  date shall have been  fixed,  as of the
close of business on such record date,  provided  that in any such case in which
Additional Shares of Common Stock are deemed to be issued:

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            (i)   no further  adjustment in the  Conversion  Price shall be made
                  upon the subsequent issue of Convertible  Securities or shares
                  of  Common   Stock  upon  the  exercise  of  such  Options  or
                  conversion  or exchange of such  Convertible  Securities  and,
                  upon the  expiration of any such Option or the  termination of
                  any  such  right  to  convert  or  exchange  such  Convertible
                  Securities,  the  Conversion  Price  then in effect  hereunder
                  shall  forthwith be increased  to the  Conversion  Price which
                  would  have been in effect at the time of such  expiration  or
                  termination had such Option or Convertible Securities,  to the
                  extent  outstanding  immediately  prior to such  expiration or
                  termination,  never been issued, and the Common Stock issuable
                  thereunder shall no longer be deemed to be outstanding;

            (ii)  if such  Options  or  Convertible  Securities  by their  terms
                  provide,  with  the  passage  of  time or  otherwise,  for any
                  increase  in the  consideration  payable  to the  Company,  or
                  decrease  in the  number of shares of Common  Stock  issuable,
                  upon  the  exercise,   conversion  or  exchange  thereof,  the
                  Conversion  Price computed upon the original issue thereof (or
                  upon the  occurrence  of a record date with respect  thereto),
                  and any subsequent adjustments based thereon,  shall, upon any
                  such increase or decrease becoming effective, be recomputed to
                  reflect such  increase or decrease  insofar as it affects such
                  Options or the rights of  conversion  or  exchange  under such
                  Convertible Securities, provided that no readjustment pursuant
                  to this  clause (B) shall have the  effect of  increasing  the
                  Conversion  Price to an amount which  exceeds the lower of (i)
                  the Conversion Price on the original  adjustment date, or (ii)
                  the  Conversion  Price  that  would  have  resulted  from  any
                  issuance  of  Additional  Shares of Common  Stock  between the
                  original adjustment date and such readjustment date; and

            (iii) if such  Options  or  Convertible  Securities  by their  terms
                  provide,  with  the  passage  of  time or  otherwise,  for any
                  decrease  in the  consideration  payable  to the  Company,  or
                  increase  in the  number of shares of Common  Stock  issuable,
                  upon  the  exercise,   conversion  or  exchange  thereof,  the
                  Conversion  Price computed upon the original issue thereof (or
                  upon the  occurrence  of a record date with respect  thereto),
                  and any subsequent adjustments based thereon,  shall, upon any
                  such decrease or increase becoming effective, be recomputed to
                  reflect such  decrease or increase  insofar as it affects such
                  Options or the rights of  conversion  or  exchange  under such
                  Convertible Securities, provided that no readjustment pursuant
                  to this  clause (C) shall have the  effect of  decreasing  the
                  Conversion  Price to an amount which  exceeds the lower of (i)
                  the Conversion Price on the original  adjustment date, or (ii)
                  the  Conversion  Price  that  would  have  resulted  from  any
                  issuance  of  Additional  Shares of Common  Stock  between the
                  original adjustment date and such readjustment date.

      (g) Other  Provisions  Applicable to Adjustment  Under this Section 3. The
following  provisions  shall be applicable to the  adjustments in the Conversion
Price as provided in this Section 3.

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            (i)   Treasury  Shares.  The number of shares of Common Stock at any
                  time  outstanding  shall not include any shares  thereof  then
                  directly or indirectly  owned or held by or for the account of
                  the Company.

            (ii)  Other Action Affecting Common Stock. If the Company shall take
                  any  action  affecting  the  outstanding  number  of shares of
                  Common  Stock  other  than an action  described  in any of the
                  foregoing  subsections  3(b) through  3(f) hereof,  inclusive,
                  which would have an  inequitable  effect on the holders of the
                  Series A Preferred  Stock,  then the Conversion Price shall be
                  adjusted  in such manner and at such times as the Board on the
                  advice of the Company's  independent public accountants may in
                  good faith determine to be equitable in the circumstances.

            (iii) Minimum  Adjustment.  No  adjustment of the  Conversion  Price
                  shall be made if the amount of any such adjustment would be an
                  amount less than one percent (1%) of the Conversion Price then
                  in effect, but any such amount shall be carried forward and an
                  adjustment in respect thereof shall be made at the time of and
                  together with any subsequent  adjustment which,  together with
                  such  amount  and any  other  amount  or  amounts  so  carried
                  forward,  shall  aggregate  an  increase  or  decrease  of one
                  percent (1%) or more.

            (iv)  Certain  Adjustments.   The  Conversion  Price  shall  not  be
                  adjusted  upward except in the event of a  combination  of the
                  outstanding  shares of Common  Stock into a smaller  number of
                  shares of Common Stock.

            (v)   Determination of Consideration.

                  (A)   For purposes of subsection  3(e), the "Effective  Price"
                        of  Additional  Shares of Common  Stock  shall  mean the
                        quotient  determined  by  dividing  the total  number of
                        Additional  Shares of Common  Stock  issued or sold,  or
                        deemed to have been issued or sold,  by the  Corporation
                        under subsection 3(e), into the Aggregate  Consideration
                        Received,  or  deemed  to  have  been  received,  by the
                        Company  under this  subsection  3(e),  for the issue of
                        such Additional Shares of Common Stock.

                  (B)   For  purposes of this  Subsection  3(f),  the  Aggregate
                        Consideration  Received  by the Company for the issue of
                        any Additional  Shares of Common Stock shall be computed
                        as follows:

                  (A)   Cash and Property: Such consideration shall:

                        (1)   insofar as it consists of cash, be computed at the
                              aggregate  gross  amount of cash  received  by the
                              Company before  deduction of any  underwriting  or
                              similar  commissions,  compensation or concessions
                              paid or allowed by the Company in connection  with
                              such issue or sale and  without  deduction  of any
                              expenses  payable  by the  Company  and  excluding
                              amounts  paid or payable for  accrued  interest or
                              accrued dividends;

                        (2)   insofar  as it  consists  of  property  other than
                              cash, be computed at the fair market value thereof
                              at the time of such issue,  as  determined in good
                              faith by the  Board;  and in the event  Additional
                              Shares of Common  Stock are issued  together  with
                              other shares or  securities or other assets of the
                              Company for  consideration  which covers both,  be
                              the proportion of such  consideration so received,
                              computed as provided in clauses (1) and (2) above,
                              as determined in good faith by the Board.

                                       13
<PAGE>

                  (B)   Options and Convertible  Securities.  The  consideration
                        per share received by the Company for Additional  Shares
                        of Common Stock  deemed to have been issued  pursuant to
                        subsection 3(f)(ii), relating to Options and Convertible
                        Securities, shall be determined by dividing

                        (1)   the total amount,  if any,  received or receivable
                              by the Company as  consideration  for the issue of
                              such Options or Convertible  Securities,  plus the
                              minimum    aggregate    amount    of    additional
                              consideration  (as set  forth  in the  instruments
                              relating thereto,  without regard to any provision
                              contained  therein for a subsequent  adjustment of
                              such  consideration)  payable to the Company  upon
                              the exercise of such Options or the  conversion or
                              exchange of such Convertible Securities, or in the
                              case of Options for  Convertible  Securities,  the
                              exercise   of   such   Options   for   Convertible
                              Securities  and the conversion or exchange of such
                              Convertible Securities, by
                        (2)   the maximum  number of shares of Common  Stock (as
                              set  forth in the  instruments  relating  thereto,
                              without regard to any provision  contained therein
                              for  a  subsequent   adjustment  of  such  number)
                              issuable  upon the exercise of such Options or the
                              conversion   or  exchange   of  such   Convertible
                              Securities.

      (h) No Impairment.  The Company will not, by amendment of its  Certificate
of   Incorporation   or  through   any   reorganization,   transfer  of  assets,
consolidation,  merger,  dissolution,  issue or sale of  securities or any other
voluntary action, avoid or seek to avoid the observance or performance of any of
the terms to be observed or  performed  hereunder by the Company but will at all
times in good faith assist in the carrying out of all the  provisions of Section
3 and in the taking of all such action as may be  necessary  or  appropriate  in
order to protect the conversion  rights of the holders of the Series A Preferred
Stock against impairment.

      (i) Notices of Adjustments.  Whenever the Conversion  Price is adjusted as
herein provided,  the Chief Financial Officer (or other senior executive officer
in the absence of such person) of the Company shall, in good faith,  compute the
adjusted Conversion Price in accordance with the foregoing  provisions and shall
prepare a written  certificate  setting forth such adjusted Conversion Price and
showing  in detail  the facts upon  which  such  adjustment  is based,  and such
written  instrument  shall  promptly be delivered  to each record  holder of the
Series A Preferred Stock.

                                       14
<PAGE>

      4. Ranking.

The  Series  A  Preferred  Stock  shall  rank,  as  to  dividends,  rights  upon
liquidation, dissolution or winding up, senior and prior to (i) the Common Stock
and (ii) each other class or series of capital  stock of the  Company  hereafter
created which does not expressly  rank pari passu with or senior to the Series A
Preferred Stock, as applicable,  except as otherwise approved by the affirmative
vote or consent of the holders of a majority of the outstanding shares of Series
A Preferred  Stock pursuant to Section 9 hereof.  (All equity  securities of the
Company to which the Series A Preferred  Stock  ranks  senior to,  whether  with
respect  to  dividends,  rights  upon  liquidation,  dissolution,  winding up or
otherwise,  including the Common Stock, are  collectively  referred to herein as
"Junior  Securities," all equity securities of the Company to which the Series A
Preferred  Stock ranks on a parity  with,  whether  with respect to dividends or
upon  liquidation,  dissolution,  winding  up  or  otherwise,  are  collectively
referred  to herein as  "Parity  Securities"  and all equity  securities  of the
Company to which the Series A Preferred Stock ranks junior, whether with respect
to  dividends or upon  liquidation,  dissolution,  winding up or  otherwise  are
collectively referred to herein as "Senior Securities").

      5. Liquidation Rights.

(a) Liquidation Preference.  Upon a voluntary or involuntary liquidation,  under
applicable bankruptcy or reorganization  legislation,  or dissolution or winding
up of the Company,  (each a  "Liquidation"),  before any  distribution of assets
shall be made to the holders of Junior  Securities,  the holder of each share of
Series A Preferred Stock then outstanding shall be paid out of the assets of the
Company legally  available for distribution to its stockholders  (the "Available
Assets") an amount per share equal to the "Liquidation  Amount." For purposes of
a Liquidation,  the "Liquidation Amount" shall mean the original issue price per
share of the Series A Preferred  Stock  ($6.00,  as adjusted  for stock  splits,
dividends,  combinations  or other  recapitalization  of the Series A  Preferred
Stock)  plus  any  accrued  and  unpaid  dividends   thereon  (the  "Liquidation
Preference").   Upon  the  completion  of  the  distribution  required  by  this
subsection  5(a),  and any other  distribution  to any other  class or series of
Senior Securities,  if assets remain in the Company, the remaining assets of the
Company  available for distribution to stockholders  shall be distributed  among
the holders of shares of any other series of preferred  stock in accordance with
their  respective  terms,  then to the holders of Common Stock pro rata based on
the  number of shares  of the  Common  Stock  actually  outstanding  and held by
holders of shares of Common Stock. Notwithstanding the foregoing, if the holders
of the Series A Preferred Stock would receive on an as-converted basis an amount
greater  than the  Liquidation  Preference,  such  holders  shall be entitled to
receive such greater amount.  In the event of any "Deemed  Liquidation" (as such
term is  hereinafter  defined),  the holder of each share of Series A  Preferred
Stock then outstanding  shall be paid out of the Available Assets the greater of
(x) the Liquidation Preference or (y) such amount as the holders of the Series A
Preferred Stock would receive on an as-converted  basis.  For purposes hereof, a
"Deemed  Liquidation"  shall be deemed to have  occurred  if the  Company  shall
effect any merger, combination,  reorganization of the Company, other than (i) a
merger,  combination or reorganization or other transaction (or a related series
of such  transactions)  in which  less than  Fifty Per Cent  (50%) of the voting
power of the Company is disposed of or in which the  stockholders of the Company
immediately  prior to such merger,  reorganization  or consolidation own greater
than Fifty Per Cent (50%) of the Company's  voting power  immediately  after, or
(ii) any transaction to which a majority in interest of the outstanding Series A
Preferred Stock has consented.

      (b) Priority.  If the Available Assets are insufficient to pay the holders
of Series A  Preferred  Stock the full  amount of the  Liquidation  Amount,  the
holders of Series A Preferred Stock, in the aggregate, will share ratably in the
distribution  of the Available  Assets in proportion to the  respective  amounts
that would  otherwise be payable in respect of the shares held by them upon such
distribution  if all amounts payable on or with respect to such shares were paid
in full.

                                       15
<PAGE>

      (c) Notice. The Company will send a written notice of a Liquidation to the
holders of record of the Series A Preferred  Stock,  stating a payment date, the
Liquidation  Amount and the place  where the  Liquidation  Amount  will be paid,
using any of the  following  delivery  methods:  (i) in person;  (ii)  mailed by
certified  or  registered  mail,  return  receipt  requested;  or (iii)  sent by
national  courier,  not less  than 25 days  prior  to the  payment  date  stated
therein.  The notice will be addressed to each holder at its address as shown by
the records of the Company.

      6.  Appraisal.  If a majority  in  interest of the holders of the Series A
Preferred  Stock  reasonably  disagrees  with any of the Board's  determinations
referred   to  in  Section  2,   Section  3  or   Section  5  above   (each,   a
"Determination"),  then the Company  and a majority in interest of such  holders
(the "Series A  Representative")  shall use good faith efforts to mutually agree
upon the designation of a single  Qualified  Appraiser (as defined below) within
seven (7) business  days of such event  requiring a  Determination.  The date of
such event requiring a Determination  shall be referred to as the "Determination
Date." If such a single  Qualified  Appraiser is  designated,  that person shall
make a Determination.  If the Company and the Series A Representative  do not so
agree upon the designation of a single  Qualified  Appraiser within such period,
then within five (5) business days following the end of such period, each of the
Company  and the Series A  Representative  by written  notice to the other shall
designate  a  Qualified  Appraiser  (or if any party fails to select a Qualified
Appraiser  within the time period  specified,  the person  selected by the other
party shall be the  Qualified  Appraiser)  and the two  Qualified  Appraisers so
designated  shall within ten (10)  business  days of their  designation  jointly
designate a third Qualified  Appraiser and solely such third Qualified Appraiser
so  designated  shall  independently  make a  Determination.  If there is only a
single  Qualified  Appraiser,  the fees and expenses of the Qualified  Appraiser
shall be paid equally by the Company and the Series A  Representative.  If three
Qualified Appraisers are appointed,  the Company shall pay the fees and expenses
of the Qualified Appraiser which it appoints,  the Series A Representative shall
pay the fees and expenses of the Qualified Appraiser which it appoints,  and the
fees and expenses of the third  Qualified  Appraiser  shall be shared equally by
the Company and the Series A Representative.  The designated Qualified Appraiser
shall make the Determination not later than ten (10) business days following the
Determination  Date. The Determination made by the Qualified  Appraiser shall be
final,  conclusive  and binding on the  parties  hereto.  None of the  Qualified
Appraisers  shall  be  affiliated  with  any  of  the  Company,   the  Series  A
Representative  or  another  Qualified  Appraiser.  For  the  purposes  of  this
Agreement,  "Qualified  Appraiser"  shall mean an individual who is engaged on a
regular basis  (although  not  necessarily  full time) in valuing  securities or
arrangements similar to this Agreement, as the case may be, and may include (but
shall not be limited to) professional business appraisers, investment bankers or
accountants.

      7. Dividends.

      Each share of Series A Preferred  Stock shall carry a cumulative  dividend
at a rate of Six Per Cent (6%) per annum, payable out of funds legally available
therefor,  prior and in preference to the payment of all other  dividends on the
Junior Securities,  quarterly in arrears (with the first payment on December 31,
2005) in cash or shares of the Company's Common Stock, at the Company's  option,
whether or not declared by the Board of  Directors.  The shares of the Company's
Common Stock issued in payment of the dividend  hereunder shall be valued at the
twenty (20) trading day trailing  average market price of the Common Stock as of
the date five (5) days prior to the dividend payment date. In the event that the
shares of Common  Stock  issued in payment of  dividends  payable  more than one
hundred eighty (180) days after the issuance of the Series A Preferred  Stock to
which  such  dividends  relate  are  not  then  registered  under  an  effective
registration statement, the Company shall only pay such dividends in cash.

                                       16
<PAGE>

      8. Voting Rights.

Each holder of outstanding shares of Series A Preferred Stock is entitled to the
number of votes equal to the number of whole  shares of Common  Stock into which
the  shares of Series A  Preferred  Stock  held of  record  by such  holder  are
convertible as of the applicable  record date at each meeting of stockholders of
the Company  (and written  actions of  stockholders  in lieu of  meetings)  with
respect to any and all matters  presented to the stockholders of the Company for
their action or  consideration.  Except as provided by law and by the provisions
of Section 9 below, the holders of shares of Series A Preferred Stock shall vote
together with the holders of Common Stock as a single class.

Notwithstanding  the above,  the Company  shall  provide each holder of Series A
Preferred  Stock  with  prior  written   notification  of  any  meeting  of  the
stockholders  (and  copies  of proxy  materials  and other  information  sent to
stockholders). In the event of any undertaking by the Company of a record of its
stockholders  for the purpose of  determining  stockholders  who are entitled to
receive  payment of any dividend or other  distribution,  any right to subscribe
for, purchase or otherwise acquire (including by way of merger, consolidation or
recapitalization) any share of any class or any other securities or property, or
to receive any other right, or for the purpose of determining  stockholders  who
are entitled to vote in connection  with any proposed sale,  lease or conveyance
of all or  substantially  all of the  assets  of the  Company,  or any  proposed
liquidation,  dissolution or winding up of the Company, the Company shall mail a
notice to each holder, at least ten (10) days prior to the record date specified
therein (or twenty (20) days prior to the  consummation  of any  transaction  or
event,  whichever  is  earlier),  of the date on which any such  record is to be
taken for the purpose of such dividend,  distribution, right or other event, and
a  brief  statement  regarding  the  amount  and  character  of  such  dividend,
distribution, right or other event to the extent known at such time.

To the extent  that under the Nevada  Revised  Statutes  ("NRS") the vote of the
holders of the Series A Preferred Stock,  voting separately as a class or series
as  applicable,  is required to  authorize a given  action of the  Company,  the
affirmative  vote or consent of the holders of at least a majority of the shares
of the Series A Preferred  Stock,  voting  together in the  aggregate and not in
separate  series  unless  required  under  the NRS,  represented  at a duly held
meeting at which a quorum is present or by written  consent of a majority of the
shares of Series A Preferred  Stock (except as otherwise  may be required  under
the NRS),  voting  together in the aggregate  and not in separate  series unless
required  under the NRS,  shall  constitute  the  approval of such action by the
class or by both series, as applicable. To the extent that under the NRS holders
of the Series A Preferred Stock are entitled to vote on a matter with holders of
Common  Stock,  voting  together as one class,  each share of Series A Preferred
Stock shall entitle the holder  thereof to cast that a number of votes per share
as is equal to the  number  of  shares of  Common  Stock  into  which it is then
convertible  using the  record  date for  determining  the  stockholders  of the
Company  eligible to vote on such matters as the date as of which the Conversion
Price is calculated.  Holders of the Series A Preferred  Stock shall be entitled
to written notice of all stockholder meetings or written consents (and copies of
proxy  materials and other  information  sent to  stockholders)  with respect to
which they would be entitled by vote, which notice would be provided pursuant to
the Company's bylaws and the NRS).

                                       17
<PAGE>

      9.  Protective  Provisions.  So long as the  shares of Series A  Preferred
Stock are outstanding,  the Company shall not, take, approve or otherwise ratify
any of the following  actions  without the consent of at least a majority of the
aggregate of the then outstanding shares of Series A Preferred Stock,  voting as
a separate series:

      (a)  authorize,  issue or agree to  authorize  or issue  any new  class or
series of Senior  Securities or Parity Securities or securities or rights of any
kind  convertible  into or  exercisable  or  exchangeable  for any  such  Senior
Securities or Parity  Securities,  or offer, sell or issue any Senior Securities
or Parity  Securities or securities  or rights of any kind  convertible  into or
exercisable or exchangeable for any such Senior Securities or Parity Securities;

      (b)  purchase,  repurchase  or redeem  shares of (i)  Common  Stock,  (ii)
securities or rights of any kind convertible into or exercisable or exchangeable
for Common Stock or (iii) other  securities of the Company,  (except in the case
of a termination  of an employee,  at which the Company may repurchase or redeem
such shares of Common  Stock at cost and pursuant to any  agreement  under which
such shares of Common Stock were issued);

      (c) increase the authorized  number of shares of Series A Preferred Stock;
or

      (d) amend the  Certificate  of  Incorporation  or Bylaws of the Company or
alter or change the rights,  preferences or privileges of the Series A Preferred
Stock or any Parity Securities or Senior Securities in each case so as to affect
adversely the rights, preferences or privileges of the Series A Preferred Stock.

      10. No Reissuance of Series A Preferred Stock.

No  outstanding  share or shares of Series A  Preferred  Stock  acquired  by the
Company by reason of  redemption,  purchase,  conversion  or otherwise  shall be
reissued,  and all such shares of Series A Preferred  Stock shall be  cancelled,
retired and  eliminated  from the shares of Series A  Preferred  Stock which the
Company  shall be  authorized  to issue.  Any such  shares of Series A Preferred
Stock  acquired by the Company shall have the status of authorized  and unissued
shares  of  Preferred  Stock  issuable  in   undesignated   Series  and  may  be
redesignated and reissued in any series other than as Series A Preferred Stock.

      11. Registered Holders.

A holder of Series A Preferred Stock  registered on the Company's stock transfer
books as the owner of shares of Series A Preferred Stock shall be treated as the
owner of such shares for all purposes.  All notices and all payments required to
be mailed to a holder of shares of Series A  Preferred  Stock shall be mailed to
such holder's  registered address on the Company's stock transfer books, and all
dividends and redemption  payments to a holder of Series A Preferred  Stock made
hereunder  shall be  deemed  to be paid in  compliance  hereof  on the date such
payments are deposited  into the mail  addressed to such holder at such holder's
registered address on the Company's stock transfer books.

                                       18
<PAGE>

      12. Certain Remedies.

Any registered holder of shares of Series A Preferred Stock shall be entitled to
an  injunction  or  injunctions  to prevent  breaches of the  provisions of this
Certificate of Designations and to enforce specifically the terms and provisions
of this  Certificate  of  Designations  in any court of the United States or any
state thereof having jurisdiction, this being in addition to any other remedy to
which such holder may be entitled at law or in equity.

      13. Headings of Subdivisions.

      The headings of the various  subdivisions  hereof are for  convenience  of
reference only and shall not affect the  interpretation of any of the provisions
hereof.

      14. Severability of Provisions.

      If any right, preference or limitation of the Series A Preferred Stock set
forth  herein (as may be  amended)  from time to time is  invalid,  unlawful  or
incapable of being enforced by reason of any rule of law or public policy,  such
right,  preference or limitation  (including,  without limitation,  the dividend
rate) shall be enforced to the  maximum  extent  permitted  by law and all other
rights,  preferences  and limitations set forth herein (as so amended) which can
be given effect without the invalid, unlawful or unenforceable right, preference
or  limitation  herein set forth shall be deemed  dependent  upon any other such
right, preference or limitation unless so expressed herein.

                  [Remainder of Page Intentionally Left Blank.]

                                       19
<PAGE>

      IN WITNESS  WHEREOF,  the undersigned,  being the CEO of the Company,  has
executed this Certificate of Designations as of October 13, 2005.

                                   BIOACCELERATE HOLDINGS, INC.

                                   By:   /s/ Lee Cole
                                        ----------------------------------------
                                        Name:  Lee Cole
                                   Title: CEOTHIS WARRANT AND THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY
STATE, AND MAY NOT BE TRANSFERRED IN VIOLATION OF SUCH ACT, THE RULES AND
REGULATIONS THEREUNDER OR ANY STATE SECURITIES LAWS OR THE PROVISIONS OF THIS
WARRANT.

                    No. of Shares of Common Stock: 2,250,000

                                     WARRANT

                           To Purchase Common Stock of

                                 BIOMETRX, INC.

                  THIS IS TO CERTIFY THAT Russell Kuhn (the "Holder"), or his
registered assigns, is entitled, at any time from the Warrant Issuance Date (as
hereinafter defined) to the Expiration Date (as hereinafter defined), to
purchase from BIOMETRX, INC., a Delaware corporation (the "Company"), Two
Million Two Hundred Fifty Thousand (2,250,000) shares of Common Stock (as
hereinafter defined and subject to adjustment as provided herein), in whole or
in part, including fractional parts, at a purchase price per share equal to $.20
("Exercise Price"), subject to any adjustments made to such amount pursuant to
Section 4 hereto on the terms and conditions and pursuant to the provisions
hereinafter set forth.

1.    DEFINITIONS

                  As used in this Warrant, the following terms have the
respective meanings set forth below:

                  "Additional Shares of Common Stock" shall mean all shares of
Common Stock issued by the Company after the Closing Date, other than Warrant
Stock.

                  "Book Value" shall mean, in respect of any share of Common
Stock on any date herein specified, the consolidated book value of the Company
as of the last day of any month immediately preceding such date, divided by the
number of Fully Diluted Outstanding shares of Common Stock as determined in
accordance with GAAP (assuming the payment of the exercise prices for such
shares) by a firm of independent certified public accountants of recognized
national standing selected by the Company and reasonably acceptable to the
Holder.

                  "Business Day" shall mean any day that is not a Saturday or
Sunday or a day on which banks are required or permitted to be closed in the
State of New York.

                  "Closing Date" shall have the meaning set forth in the
Subscription Agreement.

                  "Commission" shall mean the Securities and Exchange Commission
or any other federal agency then administering the Securities Act and other
federal securities laws.

                                       1
<PAGE>

                  "Common Stock" shall mean (except where the context otherwise
indicates) the Common Stock, par value $.001 per share, of the Company as
constituted on the Closing Date, and any capital stock into which such Common
Stock may thereafter be changed, and shall also include (i) capital stock of the
Company of any other class (regardless of how denominated) issued to the holders
of shares of Common Stock upon any reclassification thereof which is also not
preferred as to dividends or assets over any other class of stock of the Company
and which is not subject to redemption and (ii) shares of common stock of any
successor or acquiring corporation received by or distributed to the holders of
Common Stock of the Company in the circumstances contemplated by Section 4.4.

                  "Convertible Securities" shall mean evidences of indebtedness,
shares of stock or other securities which are convertible into or exchangeable,
with or without payment of additional consideration in cash or property, for
shares of Common Stock, either immediately or upon the occurrence of a specified
date or a specified event.

                  "Current Warrant Price" shall mean the Exercise Price subject
to any adjustments to such amount made in accordance with Section 4 hereof.

                  "Exchange Act" shall mean the Securities Exchange Act of 1934,
as amended, or any successor federal statute, and the rules and regulations of
the Commission thereunder, all as the same shall be in effect from time to time.

                  "Exercise Period" shall mean the period during which this
Warrant is exercisable pursuant to Section 2.1.

                  "Expiration Date" shall mean December 15, 2005.

                  "Fully Diluted Outstanding" shall mean, when used with
reference to Common Stock, at any date as of which the number of shares thereof
is to be determined, all shares of Common Stock Outstanding at such date and all
shares of Common Stock issuable in respect of this Warrant, outstanding on such
date, and other options or warrants to purchase, or securities convertible into,
including without limitation the shares of Common Stock outstanding on such date
which would be deemed outstanding in accordance with GAAP for purposes of
determining book value or net income per share.

                  "GAAP" shall mean generally accepted accounting principles in
the United States of America as from time to time in effect.

                   "Holder" shall mean the Person in whose name the Warrant or
Warrant Stock set forth herein is registered on the books of the Company
maintained for such purpose.

                  "Market Price" per Common Share means the average of the
closing bid prices of the Common Shares as reported on the National Association
of Securities Dealers Automated Quotation System for the National Market,
("NASDAQ") or, if such security is not listed or admitted to trading on the
NASDAQ, on the principal national security exchange or quotation system on which
such security is quoted or listed or admitted to trading, or, if not quoted or
listed or admitted to trading on any national securities exchange or quotation
system, the closing bid price of such security on the over-the-counter market on
the day in question as reported by the National Association of Security Dealers,
Inc., or a similar generally accepted reporting service, as the case may be, for
the five (5) trading days immediately preceding the date of determination.

                                       2
<PAGE>

                  "Other Property" shall have the meaning set forth in Section
4.5.

                  "Outstanding" shall mean, when used with reference to Common
Stock, at any date as of which the number of shares thereof is to be determined,
all issued shares of Common Stock, except shares then owned or held by or for
the account of the Company or any subsidiary thereof, and shall include all
shares issuable in respect of outstanding scrip or any certificates representing
fractional interests in shares of Common Stock.

                  "Person" shall mean any individual, sole proprietorship,
partnership, joint venture, trust, incorporated organization, association,
corporation, institution, public benefit corporation, entity or government
(whether federal, state, county, city, municipal or otherwise, including,
without limitation, any instrumentality, division, agency, body or department
thereof).

                  "Restricted Common Stock" shall mean shares of Common Stock
which are, or which upon their issuance on the exercise of this Warrant would
be, evidenced by a certificate bearing the restrictive legend set forth in
Section 9.1(a).

                  "Securities Act" shall mean the Securities Act of 1933, as
amended, or any successor federal statute, and the rules and regulations of the
Commission thereunder, all as the same shall be in effect at the time.

                  "Subscription Agreement" shall mean the Subscription Agreement
dated as of a date even herewith by and between the Company and the Holder, as
it may be amended from time to time.

                  "Transfer" shall mean any disposition of any Warrant or
Warrant Stock or of any interest in either thereof, which would constitute a
sale thereof within the meaning of the Securities Act.

                  "Transfer Notice" shall have the meaning set forth in Section
9.2.

                  "Warrant Issuance Date" shall mean any date on which Warrants
are issued pursuant to the Subscription Agreement.

                  "Warrants" shall mean this Warrant and all warrants issued
upon transfer, division or combination of, or in substitution for, any thereof.
All Warrants shall at all times be identical as to terms and conditions and
date, except as to the number of shares of Common Stock for which they may be
exercised.

                  "Warrant Price" shall mean an amount equal to (i) the number
of shares of Common Stock being purchased upon exercise of this Warrant pursuant
to Section 2.1, multiplied by (ii) the Current Warrant Price as of the date of
such exercise.

                  "Warrant Stock" shall mean the shares of Common Stock
purchased by the holders of the Warrants upon the exercise thereof.

                                       3
<PAGE>

2.    EXERCISE OF WARRANT

                  2.1. Manner of Exercise. From and after the Warrant Issuance
Date and until 5:00 P.M., New York City time, on the Expiration Date, Holder may
exercise this Warrant, on any Business Day, for all or any part of the number of
shares of Common Stock purchasable hereunder.

                  In order to exercise this Warrant, in whole or in part, Holder
shall deliver to the Company at the office or agency designated by the Company
pursuant to Section 12, (i) a written notice of Holder's election to exercise
this Warrant, which notice shall specify the number of shares of Common Stock to
be purchased, (ii) payment by cash, check or bank draft payable to the Company
of the Warrant Price in cash or by wire transfer or cashier's check drawn on a
United States bank for all shares then being purchased and (iii) this Warrant.
Such notice shall be substantially in the form of the subscription form
appearing at the end of this Warrant as Exhibit 1, duly executed by Holder or
its agent or attorney. Upon receipt of the items referred to in clauses (i),
(ii) and (iii) above, the Company shall, as promptly as practicable, and in any
event within five (5) Business Days thereafter, execute or cause to be executed
and deliver or cause to be delivered to Holder a certificate or certificates
representing the aggregate number of full shares of Common Stock issuable upon
such exercise, together with cash in lieu of any fraction of a share, as
hereinafter provided. The stock certificate or certificates so delivered shall
be, to the extent possible, in such denomination or denominations as Holder
shall request in the notice and shall be registered in the name of Holder or,
subject to Section 9, such other name as shall be designated in the notice. This
Warrant shall be deemed to have been exercised and such certificate or
certificates shall be deemed to have been issued, and Holder or any other Person
so designated to be named therein shall be deemed to have become a holder of
record of such shares for all purposes, as of the date the Warrant has been
exercised by payment to the Company of the Warrant Price. If this Warrant shall
have been exercised in part, the Company shall, at the time of delivery of the
certificate or certificates representing Warrant Stock, deliver to Holder a new
Warrant evidencing the rights of Holder to purchase the unpurchased shares of
Common Stock called for by this Warrant, which new Warrant shall in all other
respects be identical with this Warrant.

                  The Holder shall be entitled to exercise the Warrant
notwithstanding the commencement of any case under 11 U.S.C. ss. 101 et seq.
(the "Bankruptcy Code"). In the event the Company is a debtor under the
Bankruptcy Code, the Company hereby waives to the fullest extent permitted any
rights to relief it may have under 11 U.S.C. ss. 362 in respect of the Holder's
exercise right. The Company hereby waives to the fullest extent permitted any
rights to relief it may have under 11 U.S.C. ss. 362 in respect of the exercise
of the Warrant. The Company agrees, without cost or expense to the Holder, to
take or consent to any and all action necessary to effectuate relief under 11
U.S.C. ss. 362.

                  2.2. Payment of Taxes and Charges. All shares of Common Stock
issuable upon the exercise of this Warrant pursuant to the terms hereof shall be
validly issued, fully paid and nonassessable, and without any preemptive rights.
The Company shall pay all expenses in connection with, and all taxes and other
governmental charges that may be imposed with respect to, the issue or delivery
thereof.

                                       4
<PAGE>

                  2.3. Fractional Shares. The Company shall not be required to
issue a fractional share of Common Stock upon exercise of any Warrant. As to any
fraction of a share which Holder would otherwise be entitled to purchase upon
such exercise, the Company shall pay a cash adjustment in respect of such final
fraction in an amount equal to the same fraction of the Market Price per share
of Common Stock on the relevant exercise date.

                  2.4. Continued Validity. A holder of shares of Common Stock
issued upon the exercise of this Warrant, in whole or in part (other than a
holder who acquires such shares after the same have been publicly sold pursuant
to a Registration Statement under the Securities Act or sold pursuant to Rule
144 thereunder), shall continue to be entitled with respect to such shares to
all rights to which it would have been entitled as Holder under Sections 9, 10
and 14 of this Warrant. The Company will, at the time of exercise of this
Warrant, in whole or in part, upon the request of Holder, acknowledge in
writing, in form reasonably satisfactory to Holder, its continuing obligation to
afford Holder all such rights; provided, however, that if Holder shall fail to
make any such request, such failure shall not affect the continuing obligation
of the Company to afford to Holder all such rights.

3.    TRANSFER, DIVISION AND COMBINATION

                  3.1. Transfer. Subject to compliance with Sections 9, transfer
of this Warrant and all rights hereunder, in whole or in part, shall be
registered on the books of the Company to be maintained for such purpose, upon
surrender of this Warrant at the principal office of the Company referred to in
Section 2.1 or the office or agency designated by the Company pursuant to
Section 12, together with a written assignment of this Warrant substantially in
the form of Exhibit 2 hereto duly executed by Holder or its agent or attorney.
Upon such surrender, the Company shall, subject to Section 9, execute and
deliver a new Warrant or Warrants in the name of the assignee or assignees and
in the denomination specified in such instrument of assignment, and shall issue
to the assignor a new Warrant evidencing the portion of this Warrant not so
assigned, and this Warrant shall promptly be cancelled. A Warrant, if properly
assigned in compliance with Section 9, may be exercised by a new Holder for the
purchase of shares of Common Stock without having a new Warrant issued.

                  3.2. Division and Combination. Subject to Section 9, this
Warrant may be divided or combined with other Warrants upon presentation hereof
at the aforesaid office or agency of the Company, together with a written notice
specifying the names and denominations in which new Warrants are to be issued,
signed by Holder or its agent or attorney. Subject to compliance with Section
3.1 and with Section 9, as to any transfer which may be involved in such
division or combination, the Company shall execute and deliver a new Warrant or
Warrants in exchange for the Warrant or Warrants to be divided or combined in
accordance with such notice.

                  3.3. Expenses. The Company shall prepare, issue and deliver at
its own expense the new Warrant or Warrants under this Section 3.

                  3.4. Maintenance of Books. The Company agrees to maintain, at
its aforesaid office or agency, books for the registration and the registration
of transfer of the Warrants.

                                       5
<PAGE>

4.    ADJUSTMENTS

                  The number of shares of Common Stock for which this Warrant is
exercisable, or the price at which such shares may be purchased upon exercise of
this Warrant, shall be subject to adjustment from time to time as set forth in
this Section 4. The Company shall give Holder notice of any event described
below which requires an adjustment pursuant to this Section 4 at the time of
such event.

                  4.1. Stock Dividends, Subdivisions and Combinations. If at any
time the Company shall:

                           (a) take a record of the holders of its Common Stock
for the purpose of entitling them to receive a dividend payable in, or other
distribution of, Additional Shares of Common Stock,

                           (b) subdivide its outstanding shares of Common Stock
into a larger number of shares of Common Stock, or

                           (c) combine its outstanding shares of Common Stock
into a smaller number of shares of Common Stock,

                  then (i) the number of shares of Common Stock for which this
Warrant is exercisable immediately after the occurrence of any such event shall
be adjusted to equal the number of shares of Common Stock which a record holder
of the same number of shares of Common Stock for which this Warrant is
exercisable immediately prior to the occurrence of such event would own or be
entitled to receive after the happening of such event, and (ii) the Current
Warrant Price shall be adjusted to equal (A) the Current Warrant Price
multiplied by the number of shares of Common Stock for which this Warrant is
exercisable immediately prior to the adjustment divided by (B) the number of
shares for which this Warrant is exercisable immediately after such adjustment.

                  4.2. Certain Other Distributions.

                  In case the Company shall issue any Common Stock or any
rights, options or warrants to all holders of record of its Common Stock
entitling all holders to subscribe for or purchase shares of Common Stock at a
price per share less than the Current Warrant Price per share of the Common
Stock on the date fixed for such issue, the Current Warrant Price in effect
immediately prior to the close of business on the date fixed for such
determination shall be reduced to the amount determined by multiplying such
Current Warrant Price by a fraction, the numerator of which shall be the number
of shares of Common Stock outstanding immediately prior to the close of business
on the date fixed for such determination plus the number of shares of Common
Stock which the aggregate of the offering price of the total number of shares of
Common Stock so offered for subscription or purchase would purchase at such
Market Price and the denominator of which shall be the number of shares of
Common Stock outstanding immediately prior to the close of business on the date
fixed for such determination plus the number of shares of Common Stock so
offered for subscription or purchase, such reduced amount to become effective
immediately after the close of business on the date fixed for such
determination. For the purposes of this clause (b), (i) the number of shares of
Common Stock at any time outstanding shall not include shares held in the
treasury of the Company and (ii) in the case of any rights, options or warrants
which expire by their terms not more than 60 days after the date of issue, sale,
grant or assumption thereof, no adjustment of the Current Warrant Price shall be
made until the expiration or exercise of all rights, options or warrants,
whereupon such adjustment shall be made in the manner provided in this clause
(b), but only with respect to the shares of Common Stock actually issued
pursuant thereto. Such adjustment shall be made successively whenever any event
specified above shall occur. In the event that any or all rights, options or
warrants covered by this clause (b) are not so issued or expire or terminate
before being exercised, the Current Warrant Price then in effect shall be
appropriately readjusted.

                                       6
<PAGE>

                  4.3. Other Provisions Applicable to Adjustments under this
Section. The following provisions shall be applicable to the making of
adjustments of the number of shares of Common Stock for which this Warrant is
exercisable and the Current Warrant Price provided for in this Section 4:

                           (a) When Adjustments to Be Made. The adjustments
required by this Section 4 shall be made whenever and as often as any specified
event requiring an adjustment shall occur. For the purpose of any adjustment,
any specified event shall be deemed to have occurred at the close of business on
the date of its occurrence.

                           (b) Fractional Interests. In computing adjustments
under this Section 4, fractional interests in Common Stock shall be taken into
account to the nearest 1/10th of a share.

                           (c) When Adjustment Not Required. If the Company
shall take a record of the holders of its Common Stock for the purpose of
entitling them to receive a dividend or distribution or subscription or purchase
rights and shall, thereafter and before the distribution to stockholders
thereof, legally abandon its plan to pay or deliver such dividend, distribution,
subscription or purchase rights, then thereafter no adjustment shall be required
by reason of the taking of such record and any such adjustment previously made
in respect thereof shall be rescinded and annulled.

                           (d) Challenge to Good Faith Determination. Whenever
the Board of Directors of the
Company shall be required to make a determination in good faith of the fair
value of any item under this Section 4, such determination may be challenged in
good faith by the Holder, and any dispute shall be resolved by an investment
banking firm of recognized national standing selected by the Holder and
reasonably acceptable to the Company.

                           (e) Proceeding Prior to Any Action Requiring
Adjustment. As a condition precedent to the taking of any action which would
require an adjustment pursuant to this Section 4, the Company shall take any
action which may be necessary, including obtaining regulatory approvals or
exemptions, in order that the Company may thereafter validly and legally issue
as fully paid and nonassessable all shares of Common Stock which the Holder is
entitled to receive upon exercise hereof.

                                       7
<PAGE>

                  4.4. Reorganization, Reclassification, Merger, Consolidation
or Disposition of Assets. In case the Company shall reorganize its capital,
reclassify its capital stock, consolidate or merge with or into another
corporation (where the Company is not the surviving corporation or where there
is a change in or distribution with respect to the Common Stock of the Company),
or sell, transfer or otherwise dispose of all or substantially all its property,
assets or business to another corporation and, pursuant to the terms of such
reorganization, reclassification, merger, consolidation or disposition of
assets, shares of common stock of the successor or acquiring corporation, or any
cash, shares of stock or other securities or property of any nature whatsoever
(including warrants or other subscription or purchase rights) in addition to or
in lieu of common stock of the successor or acquiring corporation ("Other
Property"), are to be received by or distributed to the holders of Common Stock
of the Company, then Holder shall have the right thereafter to receive, upon
exercise of the Warrant, the number of shares of common stock of the successor
or acquiring corporation or of the Company, if it is the surviving corporation,
and Other Property receivable upon or as a result of such reorganization,
reclassification, merger, consolidation or disposition of assets by a holder of
the number of shares of Common Stock for which this Warrant is exercisable
immediately prior to such event. In case of any such reorganization,
reclassification, merger, consolidation or disposition of assets, the successor
or acquiring corporation (if other than the Company) shall expressly assume the
due and punctual observance and performance of each and every covenant and
condition of this Warrant to be performed and observed by the Company and all
the obligations and liabilities hereunder, subject to such modifications as may
be deemed appropriate, subject to the Holder's consent, in order to provide for
adjustments of shares of Common Stock for which this Warrant is exercisable
which shall be as nearly equivalent as practicable to the adjustments provided
for in this Section 4. For purposes of this Section 4.4, "common stock of the
successor or acquiring corporation" shall include stock of such corporation of
any class which is not preferred as to dividends or assets over any other class
of stock of such corporation and which is not subject to redemption and shall
also include any evidences of indebtedness, shares of stock or other securities
which are convertible into or exchangeable for any such stock, either
immediately or upon the arrival of a specified date or the happening of a
specified event and any warrants or other rights to subscribe for or purchase
any such stock. The foregoing provisions of this Section 4.4 shall similarly
apply to successive reorganizations, reclassifications, mergers, consolidations
or disposition of assets.

                  4.5. Other Action Affecting Common Stock. In case at any time
or from time to time the Company shall take any action in respect of its Common
Stock, other than any action taken in the ordinary course of the Company's
business or any action described in this Section 4, which would have a material
adverse effect upon the rights of the Holder, the number of shares of Common
Stock and/or the purchase price thereof shall be adjusted in such manner as may
be equitable in the circumstances, as determined in good faith by an investment
bank selected by Holder.

                  4.6. Certain Limitations. Notwithstanding anything herein to
the contrary, the Company agrees not to enter into any transaction which, by
reason of any adjustment hereunder, would cause the Current Warrant Price to be
less than the par value per share of Common Stock.

                  4.7. No Voting Rights. This Warrant shall not entitle its
Holder to any voting rights or other rights as a shareholder of the Company.

                                       8
<PAGE>

5.    NOTICES TO HOLDER

                  5.1. Notice of Adjustments. Whenever the number of shares of
Common Stock for which this Warrant is exercisable, or whenever the price at
which a share of such Common Stock may be purchased upon exercise of the
Warrants, shall be adjusted pursuant to Section 4, the Company shall forthwith
prepare a certificate to be executed by an executive officer of the Company
setting forth, in reasonable detail, the event requiring the adjustment and the
method by which such adjustment was calculated, specifying the number of shares
of Common Stock for which this Warrant is exercisable and describing the number
and kind of any other shares of stock or Other Property for which this Warrant
is exercisable, and any change in the purchase price or prices thereof, after
giving effect to such adjustment or change. The Company shall promptly cause a
signed copy of such certificate to be delivered to the Holder in accordance with
Section 14.2. The Company shall keep at its office or agency designated pursuant
to Section 12 copies of all such certificates and cause the same to be available
for inspection at said office during normal business hours by the Holder, its
representatives, or any prospective purchaser of a Warrant designated by the
Holder.

                  5.2. Notice of Corporate Action. If at any time

                           (a) the Company shall take a record of the holders of
its Common Stock for the purpose of entitling them to receive a dividend or
other distribution (whether in cash, or any right to subscribe for or purchase
any evidences of its indebtedness, any shares of stock of any class or any other
securities or property of any nature whatsoever, or to receive any warrants or
other rights (including, without limitation, rights to subscribe for or purchase
any evidences of its indebtedness, any shares of its stock or any other
securities or property of any nature whatsoever), or

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

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

then, in any one or more of such cases, the Company shall give to Holder (i) at
least thirty (30) Business Days' prior written notice of the date on which a
record date shall be selected for such dividend, distribution or right or for
determining rights to vote in respect of any such reorganization,
reclassification, merger, consolidation, sale, transfer, disposition,
dissolution, liquidation or winding up, and (ii) in the case of any such
reorganization, reclassification, merger, consolidation, sale, transfer,
disposition, dissolution, liquidation or winding up, at least thirty (30)
Business Days' prior written notice of the date when the same shall take place.
Such notice in accordance with the foregoing clause also shall specify (i) the
date on which any such record is to be taken for the purpose of such dividend,
distribution or right, the date on which the holders of Common Stock shall be
entitled to any such dividend, distribution or right, and the amount and
character thereof, and (ii) the date on which any such reorganization,
reclassification, merger, consolidation, sale, transfer, disposition,
dissolution, liquidation or winding up is to take place and the time, if any
such time is to be fixed, as of which the holders of Common Stock shall be
entitled to exchange their shares of Common Stock for securities or other
property deliverable upon such reorganization, reclassification, merger,
consolidation, sale, transfer, disposition, dissolution, liquidation or winding
up. Each such written notice shall be sufficiently given if addressed to Holder
at the last address of Holder appearing on the books of the Company and
delivered in accordance with Section 14.2.

                                       9
<PAGE>

                  A reclassification of the Common Stock (other than a change in
par value, or from par value to no par value or from no par value to par value)
into shares of Common Stock and shares of any other class of stock shall be
deemed a distribution by the Company to the holders of its Common Stock of such
shares of such other class of stock within the meaning of this Section and, if
the outstanding shares of Common Stock shall be changed into a larger or smaller
number of shares of Common Stock as a part of such reclassification, such change
shall be deemed a subdivision or combination, as the case may be, of the
outstanding shares of Common Stock within the meaning of Section 4.1.

6.    NO IMPAIRMENT

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

                  Upon the request of Holder, the Company will at any time
during the period this Warrant is outstanding acknowledge in writing, in form
reasonably satisfactory to Holder, the continuing validity of this Warrant and
the obligations of the Company hereunder.

7.    RESERVATION AND AUTHORIZATION OF COMMON STOCK

                  From and after the Closing Date, the Company shall at all
times reserve and keep available for issue upon the exercise of Warrants such
number of its authorized but unissued shares of Common Stock as will be
sufficient to permit the exercise in full of all outstanding Warrants. All
shares of Common Stock which shall be so issuable, when issued upon exercise of
any Warrant and payment therefor in accordance with the terms of such Warrant,
shall be duly and validly issued and fully paid and nonassessable, and not
subject to preemptive rights.

                                       10
<PAGE>

                  Before taking any action which would cause an adjustment
reducing the Current Warrant Price below the then par value, if any, of the
shares of Common Stock issuable upon exercise of the Warrants, the Company shall
take any corporate action which may be necessary in order that the Company may
validly and legally issue fully paid and non-assessable shares of such Common
Stock at such adjusted Current Warrant Price.

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

8.    TAKING OF RECORD; STOCK AND WARRANT TRANSFER BOOKS

                  In the case of all dividends or other distributions by the
Company to the holders of its Common Stock with respect to which any provision
of Section 4 refers to the taking of a record of such holders, the Company will
in each such case take such a record as of the close of business on a Business
Day. The Company will not at any time close its stock transfer books or Warrant
transfer books so as to result in preventing or delaying the exercise or
transfer of any Warrant.

9.    RESTRICTIONS ON TRANSFERABILITY

                  The Warrants and the Warrant Stock shall not be transferred,
hypothecated or assigned before satisfaction of the conditions specified in this
Section 9, which conditions are intended to ensure compliance with the
provisions of the Securities Act with respect to the Transfer of any Warrant or
any Warrant Stock. Holder, by acceptance of this Warrant, agrees to be bound by
the provisions of this Section 9.

                  9.1. Restrictive Legend. The Holder by accepting this Warrant
and any Warrant Stock agrees that this Warrant and the Warrant Stock issuable
upon exercise hereof may not be assigned or otherwise transferred unless and
until (i) the Company has received an opinion of counsel for the Holder that
such securities may be sold pursuant to an exemption from registration under the
Securities Act or (ii) a registration statement relating to such securities has
been filed by the Company and declared effective by the Commission.

                           (a) Each certificate for Warrant Stock issuable
hereunder shall bear a legend substantially worded as follows unless such
securities have been sold pursuant to an effective registration statement under
the Securities Act:

                                    "The securities represented by this
                           certificate have not been registered under the
                           Securities Act of 1933, as amended (the "Act") or any
                           state securities laws. The securities may not be
                           offered for sale, sold, assigned, offered,
                           transferred or otherwise distributed for value except
                           (i) pursuant to an effective registration statement
                           under the Act or any state securities laws or (ii)
                           pursuant to an exemption from registration or
                           prospectus delivery requirements under the Act or any
                           state securities laws in respect of which the Company
                           has received an opinion of counsel satisfactory to
                           the Company to such effect. Copies of the agreement
                           covering both the purchase of the securities and
                           restricting their transfer may be obtained at no cost
                           by written request made by the holder of record of
                           this certificate to the Secretary of the Company at
                           the principal executive offices of the Company."

                                       11
<PAGE>

                           (b) Except as otherwise provided in this Section 9,
the Warrant shall be stamped or otherwise imprinted with a legend in
substantially the following form:

                                    "This Warrant and the securities represented
                           hereby have not been registered under the Securities
                           Act of 1933, as amended, or any state securities laws
                           and may not be transferred in violation of such Act,
                           the rules and regulations thereunder or any state
                           securities laws or the provisions of this Warrant."

                  9.2. Notice of Proposed Transfers. Prior to any Transfer or
attempted Transfer of any Warrants or any shares of Restricted Common Stock, the
Holder shall give five (5) days' prior written notice (a "Transfer Notice") to
the Company of Holder's intention to effect such Transfer, describing the manner
and circumstances of the proposed Transfer, and obtain from counsel to Holder an
opinion that the proposed Transfer of such Warrants or such Restricted Common
Stock may be effected without registration under the Securities Act or state
securities laws. After the Company's receipt of the Transfer Notice and opinion,
such Holder shall thereupon be entitled to Transfer such Warrants or such
Restricted Common Stock, in accordance with the terms of the Transfer Notice.
Each certificate, if any, evidencing such shares of Restricted Common Stock
issued upon such Transfer and the Warrant issued upon such Transfer shall bear
the restrictive legends set forth in Section 9.1, unless in the opinion of such
counsel such legend is not required in order to ensure compliance with the
Securities Act.

                  9.3. Termination of Restrictions. Notwithstanding the
foregoing provisions of Section 9, the restrictions imposed by this Section upon
the transferability of the Warrants, the Warrant Stock and the Restricted Common
Stock (or Common Stock issuable upon the exercise of the Warrants) and the
legend requirements of Section 9.1 shall terminate as to any particular Warrant
or share of Warrant Stock or Restricted Common Stock (or Common Stock issuable
upon the exercise of the Warrants) (i) when and so long as such security shall
have been effectively registered under the Securities Act and applicable state
securities laws and disposed of pursuant thereto or (ii) when the Company shall
have received an opinion of counsel that such shares may be transferred without
registration thereof under the Securities Act and applicable state securities
laws. Whenever the restrictions imposed by Section 9 shall terminate as to this
Warrant, as hereinabove provided, the Holder hereof shall be entitled to receive
from the Company upon written request of the Holder, at the expense of the
Company, a new Warrant bearing the following legend in place of the restrictive
legend set forth hereon:

                           "THE  RESTRICTIONS  ON  TRANSFERABILITY  OF THE
                  WITHIN  WARRANT  CONTAINED  IN SECTION  9  HEREOF  TERMINATED
                  ON  ________,  20__,  AND ARE OF NO  FURTHER  FORCE  AND
                  EFFECT."

                                       12
<PAGE>

All Warrants issued upon registration of transfer, division or combination of,
or in substitution for, any Warrant or Warrants entitled to bear such legend
shall have a similar legend endorsed thereon. Whenever the restrictions imposed
by this Section shall terminate as to any share of Restricted Common Stock, as
hereinabove provided, the holder thereof shall be entitled to receive from the
Company, at the Company's expense, a new certificate representing such Common
Stock not bearing the restrictive legends set forth in Section 9.1.

                  9.4. Listing on Securities Exchange. If the Company shall list
any shares of Common Stock on any securities exchange, it will, at its expense,
list thereon, maintain and, when necessary, increase such listing of, all shares
of Common Stock issued or, to the extent permissible under the applicable
securities exchange rules, issuable upon the exercise of this Warrant so long as
any shares of Common Stock shall be so listed during the Exercise Period.

10.   SUPPLYING INFORMATION

                  The Company shall cooperate with Holder in supplying such
information as may be reasonably necessary for Holder to complete and file any
information reporting forms presently or hereafter required by the Commission as
a condition to the availability of an exemption from the Securities Act for the
sale of any Warrant or Restricted Common Stock.

11.   LOSS OR MUTILATION

                  Upon receipt by the Company from Holder of evidence reasonably
satisfactory to it of the ownership of and the loss, theft, destruction or
mutilation of this Warrant and indemnity reasonably satisfactory to it (it being
understood that the written agreement of the Holder shall be sufficient
indemnity), and in case of mutilation upon surrender and cancellation hereof,
the Company will execute and deliver in lieu hereof a new Warrant of like tenor
to Holder; provided, in the case of mutilation, no indemnity shall be required
if this Warrant in identifiable form is surrendered to the Company for
cancellation.

12.   OFFICE OF THE COMPANY

                  As long as any of the Warrants remain outstanding, the Company
shall maintain an office or agency (which may be the principal executive offices
of the Company) where the Warrants may be presented for exercise, registration
of transfer, division or combination as provided in this Warrant, such office to
be initially located at 33 South Service Road, Suite 111, Jericho, New York
11755, provided, however, that the Company shall provide prior written notice to
Holder of a change in address no less than thirty (30) days prior to such
change.

13.   LIMITATION OF LIABILITY

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

                                       13
<PAGE>

14.   MISCELLANEOUS

                  14.1. Nonwaiver and Expenses. No course of dealing or any
delay or failure to exercise any right hereunder on the part of Holder shall
operate as a waiver of such right or otherwise prejudice Holder's rights, powers
or remedies, notwithstanding all rights hereunder terminate on the Expiration
Date. If the Company fails to make, when due, any payments provided for
hereunder, or fails to comply with any other provision of this Warrant, the
Company shall pay to Holder such amounts as shall be sufficient to cover any
direct and indirect losses, damages, costs and expenses including, but not
limited to, reasonable attorneys' fees, including those of appellate
proceedings, incurred by Holder in collecting any amounts due pursuant hereto or
in otherwise enforcing any of its rights, powers or remedies hereunder.

                  14.2. Notice Generally. Except as may be otherwise provided
herein, any notice or other communication or delivery required or permitted
hereunder shall be in writing and shall be delivered personally or sent by
certified mail, postage prepaid, or by a nationally recognized overnight courier
service, and shall be deemed given when so delivered personally or by overnight
courier service, or, if mailed, three (3) days after the date of deposit in the
United States mails, as follows:

(a)      if to the Company, to:             bioMETRX, Inc.
                                            33 South Service Road, Suite 111
                                            Jericho, New York 11753
                                            Phone:   (516) 991-4972
                                            Fax:     (516) 750-9717

         with a copy to:                    Sommer & Schneider LLP
                                            595 Stewart Avenue, Suite 710
                                            Garden City, NY  11530
                                            Attention:  Joel C. Schneider, Esq.
                                            Phone:  (516) 228-8181
                                            Fax:      (516) 228-8211

 (b)     if to the Purchaser to:            Russell Kuhn
                                            8680 Greenback Lane #220
                                            Orangeville, CA 95662
                                            Phone:   (916) 987-2030, Ext. 27

         The Company or the Holder may change the foregoing address by notice
given pursuant to this Section 14.2.

                  14.3. Successors and Assigns. Subject to the provisions of
Sections 3.1 and 9, this Warrant and the rights evidenced hereby shall inure to
the benefit of and be binding upon the successors of the Company and the
successors and assigns of Holder. The provisions of this Warrant are intended to
be for the benefit of all Holders from time to time of this Warrant and, with
respect to Section 9 hereof, holders of Warrant Stock, and shall be enforceable
by any such Holder or holder of Warrant Stock.

                                       14
<PAGE>

                  14.4. Amendment. This Warrant and all other Warrants may be
modified or amended or the provisions hereof waived only with the prior written
consent of the Company and the Holder.

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

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

                  14.7. Governing Law. This Warrant shall be governed by the
laws of the State of New York, without regard to the provisions thereof relating
to conflict of laws. The Company consents to the jurisdiction of the federal
courts whose districts encompass any part of the City of Joplin or the state
courts of the State of New York sitting in the County of Nassau in connection
with any dispute arising under this Warrant or any of the transactions
contemplated hereby, and hereby waives, to the maximum extent permitted by law,
any objection, including any objections based on forum non conveniens, to the
bringing of any such proceeding in such jurisdictions.

                            [SIGNATURE PAGE FOLLOWS]

                                       15
<PAGE>

         IN WITNESS WHEREOF, the Company has caused this Warrant to be duly
executed and its corporate seal to be impressed hereon and attested by its
Secretary or a Company employee.

Dated:   October ___, 2005

                                          BIOMETRX, INC.

[CORPORATE SEAL]
                                          By:
                                             --------------------------------
                                             Mark Basile, President

Attest:

By:
   -----------------------------------------
       Mark Basile, Secretary

                                       16
<PAGE>

                                    EXHIBIT 1

                                SUBSCRIPTION FORM

[To be executed only upon exercise of Warrant]

The undersigned registered owner of this Warrant irrevocably exercises this
Warrant for the purchase of ______ Shares of Common Stock of bioMETRX, Inc. and
herewith makes payment therefor in cash or by check or bank draft made payable
to the Company, all at the price and on the terms and conditions specified in
this Warrant and requests that certificates for the shares of Common Stock
hereby purchased (and any securities or other property issuable upon such
exercise) be issued in the name of and delivered to _____________ whose address
is _________________ and, if such shares of Common Stock shall not include all
of the shares of Common Stock issuable as provided in this Warrant, that a new
Warrant of like tenor and date for the balance of the shares of Common Stock
issuable hereunder be delivered to the undersigned.

                                   -----------------------------------------
                                   (Name of Registered Owner)

                                   ------------------------------------------
                                   (Signature of Registered Owner)

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

                                   ------------------------------------------
                                   (City) (State) (Zip Code)

         NOTICE: The signature on this subscription must correspond with the
name as written upon the face of the within Warrant in every particular, without
alteration or enlargement or any change whatsoever.

                                       17
<PAGE>

                                    EXHIBIT 2

                                 ASSIGNMENT FORM

                  FOR VALUE RECEIVED the undersigned registered owner of this
Warrant hereby sells, assigns and transfers unto the Assignee named below all of
the rights of the undersigned under this Warrant, with respect to the number of
shares of Common Stock set forth below:

    Name and Address of Assignee                No. of Shares of Common Stock
    ----------------------------                -----------------------------

and does hereby irrevocably constitute and appoint ________________________
attorney-in-fact to register such transfer on the books of bioMETRX, Inc.
maintained for the purpose, with full power of substitution in the premises.

 Dated:__________________                    Print Name:________________________

                                             Signature:_________________________

                                             Witness:___________________________

         NOTICE: The signature on this assignment must correspond with the name
as written upon the face of the within Warrant in every particular, without
alteration or enlargement or any change whatsoever.

                                       18

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