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THIS  NOTE  AND THE COMMON SHARES ISSUABLE UPON CONVERSION OF THIS NOTE HAVE NOT
BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED.  THIS NOTE AND THE
COMMON SHARES ISSUABLE UPON CONVERSION OF THIS NOTE MAY NOT BE SOLD, OFFERED FOR
SALE,  PLEDGED  OR  HYPOTHECATED  IN  THE  ABSENCE  OF AN EFFECTIVE REGISTRATION
STATEMENT  AS  TO  THIS  NOTE UNDER SAID ACT OR AN OPINION OF COUNSEL REASONABLY
SATISFACTORY  TO  GO  ONLINE  NETWORKS CORPORATION THAT SUCH REGISTRATION IS NOT
REQUIRED.

                                CONVERTIBLE  NOTE
                                -----------------

     FOR  VALUE RECEIVED, GO ONLINE NETWORKS CORPORATION, a Delaware corporation
(hereinafter  called  "Borrower"), hereby promises to pay to LAURUS MASTER FUND,
LTD., c/o Onshore Corporate Services Ltd., P.O. Box 1234 G.T., Queensgate House,
South  Church  Street,  Grand  Cayman,  Cayman  Islands,  Fax: 345-949-9877 (the
"Holder")  or  order,  without  demand, the sum of Five Hundred Thousand Dollars
($500,000.00), with simple interest accruing at the annual rate of 8%, on May 3,
2003  (the  "Maturity  Date").

     The  following  terms  shall  apply  to  this  Note:

     ARTICLE  I

     DEFAULT  RELATED  PROVISIONS

     1.1     Payment Grace Period.  The Borrower shall have a ten (10) day grace
             --------------------
period to pay any monetary amounts due under this Note, after which grace period
a  default  interest  rate  of twenty percent (20%) per annum shall apply to the
amounts  owed  hereunder.

     1.2     Conversion  Privileges.  The  Conversion  Privileges  set  forth in
             ----------------------
Article  II  shall  remain  in  full  force and effect immediately from the date
hereof  and  until  the  Note  is  paid  in  full.

     1.3     Interest Rate.   Subject to the Holder's right to convert, interest
             -------------
payable  on  this Note shall accrue at the annual rate of eight percent (8%) and
be  payable  in  arrears commencing September 30, 2001 and quarterly thereafter,
and  on  the  Maturity  Date,  accelerated  or otherwise, when the principal and
remaining  accrued  but  unpaid  interest shall be due and payable, or sooner as
described  below.

     ARTICLE  II

     CONVERSION  RIGHTS

     The  Holder  shall  have  the  right  to  convert  the principal amount and
interest  due  under this Note into Shares of the Borrower's Common Stock as set
forth  below.

<PAGE>

2.1.     Conversion  into  the  Borrower's  Common  Stock.
         ------------------------------------------------

     (a)     The Holder shall have the right from and after the issuance of this
Note  and  then  at  any  time  until  this  Note  is fully paid, to convert any
outstanding  and  unpaid  principal portion of this Note, and/or at the Holder's
election,  the  interest accrued on the Note, (the date of giving of such notice
of  conversion  being  a  "Conversion  Date")  into fully paid and nonassessable
shares  of common stock of Borrower as such stock exists on the date of issuance
of  this  Note, or any shares of capital stock of Borrower into which such stock
shall  hereafter  be  changed  or  reclassified  (the  "Common  Stock")  at  the
conversion  price  as defined in Section 2.1(b) hereof (the "Conversion Price"),
determined  as  provided  herein.  Upon  delivery  to the Company of a Notice of
Conversion  as described in Section 9 of the subscription agreement entered into
between  the  Company  and  Holder  relating  to  this  Note  (the "Subscription
Agreement") of the Holder's written request for conversion, Borrower shall issue
and  deliver  to  the Holder within three business days from the Conversion Date
that  number  of shares of Common Stock for the portion of the Note converted in
accordance  with the foregoing.  At the election of the Holder, the Company will
deliver  accrued  but  unpaid  interest  on the Note through the Conversion Date
directly  to  the  Holder  on  or  before  the  Delivery Date (as defined in the
Subscription Agreement).  The number of shares of Common Stock to be issued upon
each conversion of this Note shall be determined by dividing that portion of the
principal  (and  interest,  at  the  election  of  the Holder) of the Note to be
converted,  by  the  Conversion  Price.

     (b)     Subject  to  adjustment  as  provided in Section 2.1(c) hereof, the
Conversion Price per share shall be the lower of (i) eighty (80%) of the average
of  the  ten  lowest  closing  bid  prices  for the Common Stock on the NASD OTC
Bulletin  Board, NASDAQ SmallCap Market, NASDAQ National Market System, American
Stock Exchange, or New York Stock Exchange (whichever of the foregoing is at the
time  the  principal  trading  exchange  or  market  for  the  Common Stock, the
"Principal  Market"),  or  if not then trading on a Principal Market, such other
principal  market or exchange where the Common Stock is listed or traded for the
thirty  (30)  trading  days  prior  to  but  not including the  Closing Date (as
defined  in  the  Subscription  Agreement) in connection with which this Note is
issued  ("Maximum  Base  Price");  or  (ii)  eighty percent (80%) percent of the
average  of  the  ten  lowest  closing  bid  prices  for the Common Stock on the
Principal  Market,  or  on any securities exchange or other securities market on
which  the  Common  Stock  is  then  being  listed or traded, for the sixty (60)
trading  days  prior  to  but  not  including  the  Conversion  Date.

     (c)     The  Maximum  Base  Price  described in Section 2.1(b)(i) above and
number  and  kind  of  shares  or  other securities to be issued upon conversion
determined pursuant to Section 2.1(a) and 2.1(b), shall be subject to adjustment
from  time  to  time  upon the happening of certain events while this conversion
right  remains  outstanding,  as  follows:

<PAGE>
     A.     Merger,  Sale  of  Assets,  etc.  If  the Borrower at any time shall
consolidate  with  or  merge into or sell or convey all or substantially all its
assets  to  any other corporation, this Note, as to the unpaid principal portion
thereof and accrued interest thereon, shall thereafter be deemed to evidence the
right  to  purchase  such  number  and  kind  of  shares or other securities and
property  as  would  have  been  issuable  or  distributable  on account of such
consolidation,  merger,  sale  or  conveyance,  upon  or  with  respect  to  the
securities subject to the conversion or purchase right immediately prior to such
consolidation,  merger,  sale  or  conveyance.  The  foregoing  provision  shall
similarly  apply  to  successive  transactions  of  a similar nature by any such
successor  or  purchaser.  Without limiting the generality of the foregoing, the
anti-dilution  provisions of this Section shall apply to such securities of such
successor or purchaser after any such consolidation, merger, sale or conveyance.

     B.     Reclassification,  etc.  If  the  Borrower  at  any  time  shall, by
reclassification  or  otherwise,  change  the  Common  Stock  into the same or a
different  number  of  securities  of any class or classes, this Note, as to the
unpaid  principal portion thereof and accrued interest thereon, shall thereafter
be  deemed  to  evidence  the  right  to  purchase  an  adjusted  number of such
securities  and  kind of securities as would have been issuable as the result of
such  change  with  respect  to  the  Common  Stock  immediately  prior  to such
reclassification  or  other  change.

C.     Stock  Splits, Combinations and Dividends.  If the shares of Common Stock
are  subdivided or combined into a greater or smaller number of shares of Common
Stock,  or  if a dividend is paid on the Common Stock in shares of Common Stock,
the  Conversion Price shall be proportionately reduced in case of subdivision of
shares or stock dividend or proportionately increased in the case of combination
of  shares,  in  each such case by the ratio which the total number of shares of
Common  Stock outstanding immediately after such event bears to the total number
of  shares  of  Common  Stock  outstanding  immediately  prior  to  such  event.

<PAGE>
     D.     Share  Issuance.  Subject  to the provisions of this Section, if the
Borrower  at  any  time  shall  issue  any  shares  of Common Stock prior to the
conversion  of  the  entire principal amount of the Note (otherwise than as: (i)
provided  in  Sections  2.1(c)A, 2.1(c)B or 2.1(c)C or this subparagraph D; (ii)
pursuant to options, warrants, or other obligations to issue shares, outstanding
on the date hereof as described in the Reports and Other Written Information, as
such  terms  are  defined  in  the  Subscription  Agreement  (which agreement is
incorporated  herein by this reference); or (iii) Excepted Issuances, as defined
in  Section  12  of  the Subscription Agreement; [(i), (ii) and (iii) above, are
hereinafter  referred  to  as  the  "Existing  Option  Obligations"]  for  a
consideration less than the Conversion Price that would be in effect at the time
of  such  issue,  then,  and  thereafter  successively upon each such issue, the
Conversion  Price  shall  be  reduced  as  follows:  (i) the number of shares of
Common  Stock outstanding immediately prior to such issue shall be multiplied by
the  Conversion  Price in effect at the time of such issue and the product shall
be  added  to the aggregate consideration, if any, received by the Borrower upon
such  issue  of  additional shares of Common Stock; and (ii) the sum so obtained
shall be divided by the number of shares of Common Stock outstanding immediately
after  such  issue.  The  resulting  quotient  shall  be the adjusted conversion
price.  Except  for  the  Existing  Option  Obligations,  for  purposes  of this
adjustment,  the  issuance of any security of the Borrower carrying the right to
convert  such  security  into shares of Common Stock or of any warrant, right or
option  to purchase Common Stock shall result in an adjustment to the Conversion
Price  upon  the  issuance  of  shares  of  Common  Stock  upon exercise of such
conversion  or  purchase  rights.

     (d)     During  the  period  the  conversion  right  exists,  Borrower will
reserve  from  its  authorized  and unissued Common Stock a sufficient number of
shares  to  provide for the issuance of Common Stock upon the full conversion of
this Note.  Borrower represents that upon issuance, such shares will be duly and
validly  issued,  fully  paid  and  non-assessable.  Borrower  agrees  that  its
issuance  of  this Note shall constitute full authority to its officers, agents,
and transfer agents who are charged with the duty of executing and issuing stock
certificates  to  execute  and  issue  the  necessary certificates for shares of
Common  Stock  upon  the  conversion  of  this  Note.

     2.2     Method  of Conversion.  This Note may be converted by the Holder in
             ---------------------
whole  or  in  part  as  described in Section 2.1(a) hereof and the Subscription
Agreement.  Upon partial conversion of this Note, a new Note containing the same
date  and provisions of this Note shall, at the request of the Holder, be issued
by  the  Borrower  to  the  Holder  for  the  principal balance of this Note and
interest  which  shall  not  have  been  converted  or  paid.

                                   ARTICLE III

     EVENT  OF  DEFAULT

     The  occurrence  of  any  of  the  following  events  of default ("Event of
Default")  shall, at the option of the Holder hereof, make all sums of principal
and  interest  then  remaining  unpaid  hereon  and  all  other  amounts payable
hereunder  immediately  due  and  payable,  all  without  demand, presentment or
notice, or grace period, all of which hereby are expressly waived, except as set
forth  below:

3.1     Failure  to  Pay  Principal  or Interest.  The Borrower fails to pay any
        ----------------------------------------
installment  of principal or interest hereon when due and such failure continues
for  a  period  of  ten  (10)  days after the due date.  The ten (10) day period
described  in  this  Section  3.1  is  the same ten (10) day period described in
Section  1.1  hereof.

     3.2     Breach of Covenant.  The Borrower breaches any material covenant or
             ------------------
other term or condition of this Note in any material respect and such breach, if
subject  to  cure, continues for a period of seven (7) days after written notice
to  the  Borrower  from  the  Holder.

     3.3     Breach  of  Representations  and  Warranties.  Any  material
             --------------------------------------------
representation  or  warranty  of  the  Borrower made herein, in the Subscription
Agreement  entered into by the Holder and Borrower in connection with this Note,
or  in  any agreement, statement or certificate given in writing pursuant hereto
or in connection therewith shall be false or misleading in any material respect.

     3.4     Receiver or Trustee.  The Borrower shall make an assignment for the
             -------------------
benefit  of  creditors, or apply for or consent to the appointment of a receiver
or trustee for it or for a substantial part of its property or business; or such
a  receiver  or  trustee  shall  otherwise  be  appointed.

     3.5     Judgments.  Any money judgment, writ or similar final process shall
             ---------
be  entered or filed against Borrower or any of its property or other assets for
more  than  $100,000,  and  shall  remain  unvacated, unbonded or unstayed for a
period  of  forty-five  (45)  days.

     3.6     Bankruptcy.  Bankruptcy,  insolvency, reorganization or liquidation
             ----------
proceedings  or  other proceedings or relief under any bankruptcy law or any law
for  the relief of debtors shall be instituted by or against the Borrower and if
instituted  against  Borrower  are  not  dismissed within 45 days of initiation.

     3.7     Delisting.  Delisting of the Common Stock from the Principal Market
             ---------
or  such  other  principal  exchange  on  which  the  Common Stock is listed for
trading;  Borrower's  failure  to  comply  with  the  conditions for listing; or
notification  from  the  Principal Market that the Borrower is not in compliance
with  the  conditions  for  such  continued  listing.

     3.8     Concession.  A  concession by the Borrower, after applicable notice
             ----------
and  cure  periods,  under  any one or more obligations in an aggregate monetary
amount  in  excess  of  $150,000.

     3.9     Stop  Trade.  An  SEC  stop trade order or Principal Market trading
             -----------
suspension.

     3.10     Failure  to  Deliver Common Stock or Replacement Note.  Borrower's
              -----------------------------------------------------
failure to timely deliver Common Stock to the Holder pursuant to and in the form
required  by  this  Note  and  Section  9  of  the Subscription Agreement, or if
required  a  replacement  Note.

<PAGE>
     3.11     Registration  Default.  The occurrence of a Non-Registration Event
              ---------------------
as  described  in  Section  10.4  of  the  Subscription  Agreement.

                                   ARTICLE IV

     MISCELLANEOUS

     4.1     Failure  or Indulgence Not Waiver.  No failure or delay on the part
             ---------------------------------
of  Holder  hereof  in  the  exercise of any power, right or privilege hereunder
shall  operate  as a waiver thereof, nor shall any single or partial exercise of
any such power, right or privilege preclude other or further exercise thereof or
of  any  other  right,  power  or  privilege.  All  rights and remedies existing
hereunder  are  cumulative  to,  and  not  exclusive  of, any rights or remedies
otherwise  available.

     4.2     Notices.  Any notice herein required or permitted to be given shall
             -------
be  in  writing  and  may be personally served or sent by fax transmission (with
copy  sent  by  regular,  certified or registered mail or by overnight courier).
For  the  purposes  hereof,  the  address and fax number of the Holder is as set
forth  on  the  first  page  hereof.  The address and fax number of the Borrower
shall  be Go Online Networks Corporation, 5681 Beach Boulevard, Suite 101, Buena
Park, CA 90621, telecopier number: (714) 736-9488, with a copy for informational
purposes only to: Cutler Law Group, 610 Newport Center Drive, Suite 800, Newport
Beach,  CA  92660,  attn:  M.  Richard  Cutler,  Esq.,  telecopier number: (949)
719-1988.  Both  Holder  and  Borrower may change the address and fax number for
service  by  service  of  notice  to  the  other  as herein provided.  Notice of
Conversion  shall  be  deemed  given  when  made  to the Company pursuant to the
Subscription  Agreement.

     4.3     Amendment Provision.  The term "Note" and all reference thereto, as
             -------------------
used  throughout  this  instrument,  shall  mean  this  instrument as originally
executed,  or  if  later  amended  or  supplemented,  then  as  so  amended  or
supplemented.

     4.4     Assignability.  This  Note  shall  be binding upon the Borrower and
             -------------
its successors and assigns, and shall inure to the benefit of the Holder and its
successors  and  assigns,  and  may  be  assigned  by  the  Holder.

     4.5     Cost  of  Collection.  If  default  is  made in the payment of this
             --------------------
Note,  Borrower  shall  pay  the  Holder  hereof reasonable costs of collection,
including  reasonable  attorneys'  fees.

<PAGE>
     4.6     Governing  Law.  This  Note  shall  be governed by and construed in
             --------------
accordance with the laws of the State of New York.  Any action brought by either
party  against  the  other  concerning  the  transactions  contemplated  by this
Agreement  shall  be  brought  only  in  the  state courts of New York or in the
federal  courts  located  in  the  state  of  New  York.  Both  parties  and the
individual  signing  this Agreement on behalf of the Borrower agree to submit to
the  jurisdiction  of  such  courts.  The  prevailing party shall be entitled to
recover  from  the  other  party  its  reasonable  attorney's  fees  and  costs.

     4.7     Maximum  Payments.  Nothing  contained  herein  shall  be deemed to
             -----------------
establish  or  require  the  payment  of  a rate of interest or other charges in
excess  of  the maximum permitted by applicable law.  In the event that the rate
of  interest  required  to be paid or other charges hereunder exceed the maximum
permitted  by such law, any payments in excess of such maximum shall be credited
against  amounts  owed  by  the  Borrower to the Holder and thus refunded to the
Borrower.

     4.8     Prepayment.  This  Note  may not be paid prior to the Maturity Date
             ----------
without  the  consent  of  the  Holder.

          4.9     Security Interest.  The holder of this Note has been granted a
                  -----------------
security  interest  in  common  stock  of  the Company more fully described in a
Security  Agreement.

                      [THIS SPACE INTENTIONALLY LEFT BLANK]

<PAGE>
IN  WITNESS  WHEREOF,  Borrower has caused this Note to be signed in its name by
its  Chief  Executive  Officer  on  this  3rd  day  of  May,  2001.

     GO  ONLINE  NETWORKS  CORPORATION

     By: /s/ Joseph M. Naughton

WITNESS:  /s/ Samantha Meglan

<PAGE>
                          NOTICE  OF  CONVERSION
                          ----------------------

(To  be  executed  by  the  Registered  Holder  in  order  to  convert the Note)

     The  undersigned  hereby  elects to convert $_________ of the principal and
$_________  of  the  interest  due  on  the  Note  issued  by GO ONLINE NETWORKS
CORPORATION  on  May  3,  2001 into Shares of Common Stock of GO ONLINE NETWORKS
CORPORATION  (the "Company") according to the conditions set forth in such Note,
as  of  the  date  written  below.

Date  of
Conversion:____________________________________________________________________

Conversion
Price:_________________________________________________________________________

Shares  To  Be
Delivered:_____________________________________________________________________

Signature:_____________________________________________________________________

Print
Name:__________________________________________________________________________

Address:_______________________________________________________________________

_______________________________________________________________________________THIS  WARRANT  AND THE COMMON SHARES ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE
NOT  BEEN  REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THIS WARRANT
AND  THE  COMMON  SHARES ISSUABLE UPON EXERCISE OF THIS WARRANT MAY NOT BE SOLD,
OFFERED  FOR  SALE,  PLEDGED  OR  HYPOTHECATED  IN  THE  ABSENCE OF AN EFFECTIVE
REGISTRATION  STATEMENT  AS  TO  THIS  WARRANT  UNDER  SAID ACT OR AN OPINION OF
COUNSEL  REASONABLY  SATISFACTORY  TO  GO  ONLINE NETWORKS CORPORATION THAT SUCH
REGISTRATION  IS  NOT  REQUIRED.

Right  to  Purchase  1,000,000  Shares  of  Common  Stock  of Go Online Networks
Corporation  (subject  to  adjustment  as  provided  herein)

                          COMMON STOCK PURCHASE WARRANT

No.  2001-1                                        Issue  Date:  May  3,  2001

     GO  ONLINE  NETWORKS CORPORATION, a corporation organized under the laws of
the  State  of  Delaware  (the  "Company"),  hereby  certifies  that,  for value
received, LAURUS MASTER FUND LTD., or assigns, is entitled, subject to the terms
set  forth  below, to purchase from the Company from and after the Issue Date of
this  Warrant  and  at  any time or from time to time before 5:00 p.m., New York
time,  through  five  (5)  years  after such date (the "Expiration Date"), up to
1,000,000  fully  paid  and nonassessable shares of Common Stock (as hereinafter
defined),  $.001  par  value  per  share, of the Company, at a purchase price of
$.06196  per  share (such purchase price per share as adjusted from time to time
as  herein  provided  is referred to herein as the "Purchase Price"). The number
and  character of such shares of Common Stock and the Purchase Price are subject
to  adjustment  as  provided  herein.

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

     (a)     The term "Company" shall include Go Online Networks Corporation and
any  corporation  which  shall  succeed  or  assume the obligations of Go Online
Networks  Corporation  hereunder.

     (b)     The  term  "Common  Stock" includes (a) the Company's Common Stock,
$.001  par  value  per  share,  as  authorized  on  the date of the Subscription
Agreement  referred  to  in Section 9 hereof, (b) any other capital stock of any
class  or  classes  (however  designated) of the Company, authorized on or after
such  date,  the holders of which shall have the right, without limitation as to
amount,  either  to  all  or  to a share of the balance of current dividends and
liquidating  dividends  after  the payment of dividends and distributions on any
shares entitled to preference, and the holders of which shall ordinarily, in the
absence  of contingencies, be entitled to vote for the election of a majority of
directors of the Company (even if the right so to vote has been suspended by the
happening  of such a contingency) and (c) any other securities into which or for
which  any  of  the  securities  described  in  (a)  or  (b) may be converted or
exchanged  pursuant  to a plan of recapitalization, reorganization, merger, sale
of  assets  or  otherwise.

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

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

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

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

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

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

     (a)     If the Company's Common Stock is traded on an exchange or is quoted
on  the  National  Association  of  Securities Dealers, Inc. Automated Quotation
("NASDAQ")  National  Market  System  or  the  NASDAQ  SmallCap Market, then the
closing  or  last  sale  price, respectively, reported for the last business day
immediately  preceding  the  Determination  Date.

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

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

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

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

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

     2.1     Delivery  of  Stock  Certificates,  etc.  on  Exercise. The Company
             ------------------------------------------------------
agrees  that  the shares of Common Stock purchased upon exercise of this Warrant
shall  be  deemed  to be issued to the holder hereof as the record owner of such
shares  as of the close of business on the date on which this Warrant shall have
been  surrendered  and  payment  made  for  such shares as aforesaid. As soon as
practicable  after  the  exercise of this Warrant in full or in part, and in any
event  within  7  days  thereafter,  the  Company  at its expense (including the
payment by it of any applicable issue taxes) will cause to be issued in the name
of  and  delivered to the holder hereof, or as such holder (upon payment by such
holder  of  any  applicable  transfer  taxes)  may  direct  in  compliance  with
applicable Securities Laws, a certificate or certificates for the number of duly
and  validly  issued,  fully  paid  and nonassessable shares of Common Stock (or
Other Securities) to which such holder shall be entitled on such exercise, plus,
in  lieu  of  any  fractional  share  to  which  such  holder would otherwise be
entitled,  cash  equal to such fraction multiplied by the then Fair Market Value
of  one  full  share,  together  with  any  other  stock or other securities and
property  (including  cash,  where  applicable) to which such holder is entitled
upon  such  exercise  pursuant  to  Section  1  or  otherwise.

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

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

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

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

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

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

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

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

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

     3.1.     Reorganization, Consolidation, Merger, etc. In case at any time or
              ------------------------------------------
from  time  to  time,  the  Company  shall  (a)  effect  a  reorganization,  (b)
consolidate  with  or  merge  into  any  other  person,  or  (c) transfer all or
substantially all of its properties or assets to any other person under any plan
or  arrangement contemplating the dissolution of the Company, then, in each such
case,  as  a  condition  to  the  consummation of such a transaction, proper and
adequate  provision  shall  be  made  by  the Company whereby the holder of this
Warrant,  on  the exercise hereof as provided in Section 1 at any time after the
consummation  of  such  reorganization, consolidation or merger or the effective
date  of  such  dissolution,  as  the case may be, shall receive, in lieu of the
Common  Stock  (or  Other  Securities)  issuable  on such exercise prior to such
consummation or such effective date, the stock and other securities and property
(including  cash)  to  which  such  holder  would  have  been entitled upon such
consummation or in connection with such dissolution, as the case may be, if such
holder  had so exercised this Warrant, immediately prior thereto, all subject to
further  adjustment  thereafter  as  provided  in  Section  4.

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

     3.3.     Continuation  of  Terms.  Upon  any reorganization, consolidation,
              -----------------------
merger  or  transfer (and any dissolution following any transfer) referred to in
this  Section  3,  this  Warrant shall continue in full force and effect and the
terms hereof shall be applicable to the shares of stock and other securities and
property  receivable  on  the exercise of this Warrant after the consummation of
such  reorganization,  consolidation  or  merger  or  the  effective  date  of
dissolution  following  any  such  transfer,  as  the  case may be, and shall be
binding upon the issuer of any such stock or other securities, including, in the
case  of any such transfer, the person acquiring all or substantially all of the
properties  or  assets  of  the  Company,  whether or not such person shall have
expressly  assumed  the  terms of this Warrant as provided in Section 4.  In the
event  this  Warrant  does  not  continue  in  full  force  and effect after the
consummation  of  the transaction described in this Section 3, then only in such
event  will  the  Company's  securities  and  property  (including  cash,  where
applicable)  receivable  by  the  holders  of  the  Warrants be delivered to the
Trustee  as  contemplated  by  Section  3.2.

          3.4.     Share  Issuance.   Except  for  the  Excepted  Issuances  as
                   ---------------
described  in Section 12(a) of the Subscription Agreement, if the Company at any
time  shall  issue  any shares of Common Stock prior to the complete exercise of
this  Warrant  for a consideration less than the Purchase Price that would be in
effect  at  the  time of such issue, then, and thereafter successively upon each
such  issue,  the  Purchase Price shall be reduced as follows: (i) the number of
shares  of  Common  Stock  outstanding  immediately prior to such issue shall be
multiplied  by  the  Purchase  Price in effect at the time of such issue and the
product  shall  be added to the aggregate consideration, if any, received by the
Company  upon  such issue of additional shares of Common Stock; and (ii) the sum
so obtained shall be divided by the number of shares of Common Stock outstanding
immediately  after  such  issue.  The  resulting  quotient shall be the adjusted
Purchase  Price.  For  purposes of this adjustment, the issuance of any security
of the Company carrying the right to convert such security into shares of Common
Stock  or  of any warrant, right or option to purchase Common Stock shall result
in  an  adjustment  to  the Purchase Price upon the issuance of shares of Common
Stock  upon  exercise  of  such  conversion  or  purchase  rights.

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

     5.     Certificate  as  to  Adjustments.  In each case of any adjustment or
            --------------------------------
readjustment in the shares of Common Stock (or Other Securities) issuable on the
exercise  of  the  Warrants,  the Company at its expense will promptly cause its
Chief Financial Officer or other appropriate designee to compute such adjustment
or  readjustment  in  accordance  with  the  terms  of the Warrant and prepare a
certificate  setting forth such adjustment or readjustment and showing in detail
the  facts  upon  which  such  adjustment  or readjustment is based, including a
statement of (a) the consideration received or receivable by the Company for any
additional shares of Common Stock (or Other Securities) issued or sold or deemed
to  have been issued or sold, (b) the number of shares of Common Stock (or Other
Securities)  outstanding or deemed to be outstanding, and (c) the Purchase Price
and  the  number  of shares of Common Stock to be received upon exercise of this
Warrant,  in  effect immediately prior to such adjustment or readjustment and as
adjusted  or  readjusted as provided in this Warrant. The Company will forthwith
mail  a  copy  of  each  such  certificate  to the holder of the Warrant and any
Warrant  agent  of  the  Company  (appointed  pursuant  to  Section  11 hereof).

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

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

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

9.     Subscription  Agreement.  This  Warrant  is  issued  pursuant  to  a
       -----------------------
Subscription  Agreement  entered  into  by  the  Company  and Subscribers of the
       ----
Company's  8%  Convertible  Notes at or prior to the issue date of this Warrant.
The  terms  of  the  Subscription  Agreement  are  incorporated  herein  by this
reference.

     10.     Maximum  Exercise.   The  Holder  shall not be entitled to exercise
             -----------------
this  Warrant  on  an exercise date, in connection with that number of shares of
Common  Stock which would be in excess of the sum of (i) the number of shares of
Common  Stock beneficially owned by the Holder and its affiliates on an exercise
date,  and  (ii) the number of shares of Common Stock issuable upon the exercise
of this Warrant with respect to which the determination of this proviso is being
made  on  an  exercise  date,  which would result in beneficial ownership by the
Holder and its affiliates of more than 4.99% of the outstanding shares of Common
Stock  of  the  Company  on  such  date.  For the purposes of the proviso to the
immediately  preceding  sentence,  beneficial  ownership  shall be determined in
accordance  with  Section  13(d)  of  the  Securities  Exchange  Act of 1934, as
amended,  and Regulation 13d-3 thereunder.  Subject to the foregoing, the Holder
shall  not  be limited to aggregate exercises which would result in the issuance
of  more than 4.99%.  The restriction described in this paragraph may be revoked
upon  75  days  prior  notice  from  the  Holder to the Company.  The Holder may
allocate  which  of  the  equity of the Company deemed beneficially owned by the
Subscriber shall be included in the 4.99% amount described above and which shall
be  allocated  to  the  excess  above  4.99%.

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

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

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

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

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

     GO  ONLINE  NETWORKS  CORPORATION

     By: /s/ Joseph M. Naughton

Witness:  Samantha Meglan

______________________________

<PAGE>
                                                       EXHIBIT  A
                              FORM OF SUBSCRIPTION
                   (To be signed only on exercise of Warrant)

TO:  Go  Online  Networks  Corporation

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

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

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

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

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

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

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

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

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

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

<PAGE>
                               Exhibit  B

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

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

                                   Percentage      Number
                  Transferees      Transferred     Transferred
                  -----------     ------------     -----------

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

Signed  in  the  presence  of:

_______________________________          ______________________________
     (Name)                              (address)

     ______________________________
ACCEPTED  AND  AGREED:                    (address)
[TRANSFEREE]

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

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00025-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00025-of-00352.parquet"}]]