Document:

EX-10.40

                                                                        ANNEX IX

                              SUBSIDIARY GUARANTEE

       SUBSIDIARY GUARANTEE, dated as of September 28, 2006, made by each of the
signatories  hereto  (together  with any other  entity  that may  become a party
hereto as provided herein, (the "Guarantors"),  in favor of the Lender signatory
(the  "Lender")  to that  certain  Bridge Loan  Agreement,  dated as of the date
hereof,  between  Sonoma  College,  Inc.,  a  California  corporation  with  its
principal  business address at 1304 South Point Boulevard,  Suite 280, Petaluma,
California 94954 (the "Company") and the Lender.

                              W I T N E S S E T H:

       Whereas, pursuant to that certain Bridge Loan Agreement,  dated as of the
date  hereof,  by and  between the  Company  and the Lender  (the  "Bridge  Loan
Agreement"),  the Company  has agreed to sell and issue to the  Lender,  and the
Lender has  agreed to  purchase  from the  Company  the  Company's  10%  Secured
Promissory  Note,  due March 28,  2007 (the  "Note"),  subject  to the terms and
conditions set forth therein; and

       Whereas,  each  Guarantor  will  directly  benefit from the  extension of
credit to the Company represented by the issuance of the Note; and

       NOW, THEREFORE, in consideration of the premises and to induce the Lender
to enter  into the  Bridge  Loan  Agreement  and to carry  out the  transactions
contemplated thereby, each Guarantor hereby agrees with the Lender as follows:

       1.     DEFINITIONS. Unless otherwise defined herein, terms defined in the
Bridge Loan  Agreement and used herein shall have the meanings  given to them in
the  Bridge  Loan  Agreement.   The  words  "hereof,"   "herein,"  "hereto"  and
"hereunder"  and words of similar import when used in this Guarantee shall refer
to  this  Guarantee  as a  whole  and not to any  particular  provision  of this
Guarantee,  and Section and Schedule  references  are to this  Guarantee  unless
otherwise specified. The meanings given to terms defined herein shall be equally
applicable  to both the singular and plural forms of such terms.  The  following
terms shall have the following meanings:

              "GUARANTEE"  means this Subsidiary  Guarantee,  as the same may be
       amended, supplemented or otherwise modified from time to time.

              "OBLIGATIONS"  means the collective  reference to all  obligations
       and  undertakings  of  the  Company  of  whatever  nature,   monetary  or
       otherwise, under the Note, the Bridge Loan Agreement, the Warrant, or any
       other future  agreement or  obligations  undertaken by the Company to the
       Lender,  together with all reasonable attorneys' fees,  disbursements and
       all  other  costs  and  expenses  of  collection  incurred  by  Lender in
       enforcing any of such Obligations and/or this Guarantee.

       2.     GUARANTEE.

              (a)    GUARANTEE.

                     (i)    The  Guarantors   hereby,   jointly  and  severally,
                            unconditionally  and  irrevocably,  guarantee to the
                            Lender  and its  respective  successors,  indorsees,
                            transferees and assigns, the prompt and

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                            complete payment and performance by the Company when
                            due (whether at the stated maturity, by acceleration
                            or otherwise) of the Obligations.

                     (ii)   Anything herein or in any other Transaction Document
                            to  the   contrary   notwithstanding,   the  maximum
                            liability of each Guarantor  hereunder and under the
                            other Transaction Documents shall in no event exceed
                            the amount which can be guaranteed by such Guarantor
                            under applicable  federal and state laws,  including
                            laws   relating  to  the   insolvency   of  debtors,
                            fraudulent  conveyance or transfer or laws affecting
                            the  rights of  creditors  generally  (after  giving
                            effect to the right of  contribution  established in
                            Section 2(b)).

                     (iii)  Each Guarantor  agrees that the  Obligations  may at
                            any time and from time to time  exceed the amount of
                            the liability of such  Guarantor  hereunder  without
                            impairing the guarantee  contained in this Section 2
                            or  affecting  the rights and remedies of the Lender
                            hereunder.

                     (iv)   The  guarantee  contained  in this  Section  2 shall
                            remain  in  full  force  and  effect  until  all the
                            Obligations  and the  obligations  of each Guarantor
                            under  the  guarantee  contained  in this  Section 2
                            shall have been satisfied by payment in full.

                     (v)    No  payment  made  by  the   Company,   any  of  the
                            Guarantors,  any other guarantor or any other Person
                            or  received  or  collected  by the Lender  from the
                            Company, any of the Guarantors,  any other guarantor
                            or any  other  Person  by  virtue  of any  action or
                            proceeding  or  any  set-off  or   appropriation  or
                            application  at any  time  or  from  time to time in
                            reduction of or in payment of the Obligations  shall
                            be deemed to modify,  reduce,  release or  otherwise
                            affect  the  liability  of any  Guarantor  hereunder
                            which shall, notwithstanding any such payment (other
                            than any payment  made by such  Guarantor in respect
                            of  the  Obligations  or  any  payment  received  or
                            collected  from such  Guarantor  in  respect  of the
                            Obligations),  remain liable for the  Obligations up
                            to the maximum liability of such Guarantor hereunder
                            until the Obligations are paid in full.

                     (vi)   Notwithstanding  anything  to the  contrary  in this
                            Agreement,    with   respect   to   any    defaulted
                            non-monetary Obligations the specific performance of
                            which by the Guarantors is not  reasonably  possible
                            (e.g.  the issuance of the Company's  Common Stock),
                            the  Guarantors  shall only be liable for making the
                            Lender whole on a monetary  basis for the  Company's
                            failure to perform such  Obligations  in  accordance
                            with the Transaction Documents.

              (b)    RIGHT OF CONTRIBUTION. Each Guarantor hereby agrees that to
       the extent that a Guarantor  shall have paid more than its  proportionate
       share of any payment made

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       hereunder,   such  Guarantor  shall  be  entitled  to  seek  and  receive
       contribution from and against any other Guarantor hereunder which has not
       paid its proportionate  share of such payment.  Each Guarantor's right of
       contribution  shall be  subject  to the terms and  conditions  of Section
       2(c).  The  provisions of this Section 2(b) shall in no respect limit the
       obligations  and  liabilities  of any  Guarantor to the Lender,  and each
       Guarantor  shall  remain  liable  to  the  Lender  for  the  full  amount
       guaranteed by such Guarantor hereunder.

              (c)    NO  SUBROGATION.  Notwithstanding  any payment  made by any
       Guarantor  hereunder  or any  set-off  or  application  of  funds  of any
       Guarantor by the Lender,  no Guarantor shall be entitled to be subrogated
       to any of the  rights of the  Lender  against  the  Company  or any other
       Guarantor or any collateral security or guarantee or right of offset held
       by the Lender for the payment of the Obligations, nor shall any Guarantor
       seek or be entitled to seek any  contribution or  reimbursement  from the
       Company  or any other  Guarantor  in  respect  of  payments  made by such
       Guarantor hereunder, until all amounts owing to the Lender by the Company
       on account of the  Obligations  are paid in full.  If any amount shall be
       paid to any Guarantor on account of such  subrogation  rights at any time
       when all of the Obligations shall not have been paid in full, such amount
       shall be held by such Guarantor in trust for the Lender,  segregated from
       other funds of such Guarantor,  and shall, forthwith upon receipt by such
       Guarantor,  be turned  over to the Lender in the exact form  received  by
       such  Guarantor  (duly  indorsed  by such  Guarantor  to the  Lender,  if
       required),  to be applied  against the  Obligations,  whether  matured or
       unmatured, in such order as the Lender may determine.

              (d)    AMENDMENTS,  ETC.  WITH  RESPECT TO THE  OBLIGATIONS.  Each
       Guarantor shall remain obligated hereunder  notwithstanding that, without
       any  reservation of rights against any Guarantor and without notice to or
       further  assent by any  Guarantor,  any demand for  payment of any of the
       Obligations  made by the Lender may be rescinded by the Lender and any of
       the Obligations continued,  and the Obligations,  or the liability of any
       other Person upon or for any part thereof,  or any collateral security or
       guarantee  therefor or right of offset with respect  thereto,  may,  from
       time to  time,  in  whole  or in part,  be  renewed,  extended,  amended,
       modified,  accelerated,  compromised,  waived, surrendered or released by
       the  Lender,  and the Bridge  Loan  Agreement  and the other  Transaction
       Documents  and any other  documents  executed and delivered in connection
       therewith may be amended, modified,  supplemented or terminated, in whole
       or in part, as the Lender may deem  advisable  from time to time, and any
       collateral security, guarantee or right of offset at any time held by the
       Lender for the payment of the Obligations may be sold, exchanged, waived,
       surrendered or released.  The Lender shall have no obligation to protect,
       secure,  perfect or insure any Lien at any time held by them as  security
       for the  Obligations or for the guarantee  contained in this Section 2 or
       any property subject thereto.

              (e)    GUARANTEE ABSOLUTE AND UNCONDITIONAL. Each Guarantor waives
       any and all notice of the creation,  renewal, extension or accrual of any
       of the  Obligations and notice of or proof of reliance by the Lender upon
       the guarantee  contained in this Section 2 or acceptance of the guarantee
       contained  in this  Section 2; the  Obligations,  and any of them,  shall
       conclusively be deemed to have been created,  contracted or incurred,  or
       renewed,  extended,  amended or waived,  in reliance  upon the  guarantee
       contained in this Section 2; and all dealings between the Company and any
       of the  Guarantors,  on the one hand, and the Lender,  on the other hand,
       likewise shall be  conclusively  presumed to have been had or consummated
       in  reliance  upon  the  guarantee  contained  in this  Section  2.  Each
       Guarantor waives to the extent  permitted by law diligence,  presentment,
       protest,

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       demand for  payment  and notice of default or  nonpayment  to or upon the
       Company or any of the Guarantors  with respect to the  Obligations.  Each
       Guarantor  understands  and agrees that the  guarantee  contained in this
       Section 2 shall be construed as a continuing,  absolute and unconditional
       guarantee of payment without regard to (a) the validity or enforceability
       of the Bridge Loan Agreement or any other  Transaction  Document,  any of
       the Obligations or any other collateral security therefor or guarantee or
       right of offset  with  respect  thereto  at any time or from time to time
       held by the Lender, (b) any defense,  set-off or counterclaim (other than
       a defense of payment or  performance  or fraud or  misconduct  by Lender)
       which may at any time be  available  to or be  asserted by the Company or
       any other  Person  against  the  Lender,  or (c) any  other  circumstance
       whatsoever (with or without notice to or knowledge of the Company or such
       Guarantor)  which  constitutes,  or might be construed to constitute,  an
       equitable or legal  discharge of the Company for the  Obligations,  or of
       such  Guarantor  under the  guarantee  contained  in this  Section  2, in
       bankruptcy or in any other instance.  When making any demand hereunder or
       otherwise   pursuing  its  rights  and  remedies  hereunder  against  any
       Guarantor,  the Lender may, but shall be under no  obligation  to, make a
       similar demand on or otherwise  pursue such rights and remedies as it may
       have  against the  Company,  any other  Guarantor  or any other Person or
       against any collateral  security or guarantee for the  Obligations or any
       right of offset with  respect  thereto,  and any failure by the Lender to
       make any such  demand,  to pursue  such other  rights or  remedies  or to
       collect any payments from the Company,  any other  Guarantor or any other
       Person or to realize upon any such collateral security or guarantee or to
       exercise  any such right of offset,  or any release of the  Company,  any
       other  Guarantor  or any other  Person or any such  collateral  security,
       guarantee  or right of offset,  shall not  relieve any  Guarantor  of any
       obligation  or  liability  hereunder,  and shall not impair or affect the
       rights and remedies, whether express, implied or available as a matter of
       law,  of the Lender  against  any  Guarantor.  For the  purposes  hereof,
       "demand"  shall include the  commencement  and  continuance  of any legal
       proceedings.

              (f)    REINSTATEMENT.  The  guarantee  contained in this Section 2
       shall continue to be effective, or be reinstated,  as the case may be, if
       at any time payment,  or any part thereof,  of any of the  Obligations is
       rescinded  or must  otherwise  be restored or returned by the Lender upon
       the insolvency, bankruptcy, dissolution, liquidation or reorganization of
       the Company or any Guarantor,  or upon or as a result of the  appointment
       of a  receiver,  intervenor  or  conservator  of, or  trustee  or similar
       officer for, the Company or any Guarantor or any substantial  part of its
       property, or otherwise, all as though such payments had not been made.

              (g)    PAYMENTS.  Each Guarantor  hereby  guarantees that payments
       hereunder will be paid to the Lender without  set-off or  counterclaim in
       U.S.  dollars at the  address set forth or referred to in the Bridge Loan
       Agreement.

       3.     REPRESENTATIONS  AND WARRANTIES.  Each Guarantor  hereby makes the
following  representations  and warranties to Lender as of the date hereof:

              (a)    ORGANIZATION   AND   QUALIFICATION.   The  Guarantor  is  a
       corporation or limited  liability  company,  duly  incorporated,  validly
       existing  and  in  good  standing   under  the  laws  of  the  applicable
       jurisdiction set forth on Schedule 1, with the requisite  corporate power
       and  authority to own and use its  properties  and assets and to carry on
       its business as currently  conducted.  The Guarantor has no  subsidiaries
       other than those identified as such on the Disclosure Annex to the Bridge
       Loan Agreement.  The Guarantor is duly

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       qualified to do business and is in good standing as a foreign corporation
       in each  jurisdiction  in which the nature of the  business  conducted or
       property owned by it makes such qualification necessary, except where the
       failure to be so qualified or in good standing, as the case may be, could
       not, individually or in the aggregate, (x) adversely affect the legality,
       validity  or  enforceability  of any of  this  Guaranty  in any  material
       respect, (y) have a material adverse effect on the results of operations,
       assets,  prospects,  or  financial  condition  of  the  Guarantor  or (z)
       adversely  impair in any  material  respect  the  Guarantor's  ability to
       perform  fully on a timely basis its  obligations  under this Guaranty (a
       "MATERIAL ADVERSE EFFECT").

              (b)    AUTHORIZATION; ENFORCEMENT. The Guarantor has the requisite
       corporate  power  and  authority  to  enter  into and to  consummate  the
       transactions  contemplated  by this Guaranty,  and otherwise to carry out
       its obligations hereunder. The execution and delivery of this Guaranty by
       the Guarantor and the consummation by it of the transactions contemplated
       hereby have been duly authorized by all requisite corporate action on the
       part of the Guarantor. This Guaranty has been duly executed and delivered
       by the Guarantor and constitutes the valid and binding  obligation of the
       Guarantor enforceable against the Guarantor in accordance with its terms,
       except as such  enforceability  may be limited by applicable  bankruptcy,
       insolvency,  reorganization,  moratorium,  liquidation  or  similar  laws
       relating to, or affecting generally the enforcement of, creditors' rights
       and remedies or by other equitable principles of general application.

              (c)    NO CONFLICTS.  The execution,  delivery and  performance of
       this Guaranty by the Guarantor and the  consummation  by the Guarantor of
       the  transactions  contemplated  thereby do not and will not (i) conflict
       with or violate any  provision of its  Certificate  of  Incorporation  or
       By-laws or (ii)  conflict  with,  constitute a default (or an event which
       with notice or lapse of time or both would  become a default)  under,  or
       give to others  any rights of  termination,  amendment,  acceleration  or
       cancellation  of, any  agreement,  indenture or  instrument  to which the
       Guarantor is a party,  or (iii)  result in a violation of any law,  rule,
       regulation,  order, judgment,  injunction, decree or other restriction of
       any court or  governmental  authority  to which the  Guarantor is subject
       (including  Federal and state  securities  laws and  regulations),  or by
       which  any  material  property  or  asset  of the  Guarantor  is bound or
       affected,  except in the case of each of  clauses  (ii) and  (iii),  such
       conflicts,    defaults,    terminations,    amendments,    accelerations,
       cancellations  and  violations  as  could  not,  individually  or in  the
       aggregate,  have or result in a Material Adverse Effect.  The business of
       the Guarantor is not being  conducted in violation of any law,  ordinance
       or regulation of any governmental authority, except for violations which,
       individually or in the aggregate, do not have a Material Adverse Effect.

              (d)    CONSENTS AND  APPROVALS.  The  Guarantor is not required to
       obtain any consent, waiver, authorization or order of, or make any filing
       or registration with, any court or other federal,  state, local,  foreign
       or other  governmental  authority or other person in connection  with the
       execution, delivery and performance by the Guarantor of this Guaranty.

              (e)    BRIDGE LOAN AGREEMENT.  The  representations and warranties
       of the Company set forth in the Bridge Loan  Agreement  as they relate to
       such Guarantor, each of which is hereby incorporated herein by reference,
       are true and correct as of each time such  representations  are deemed to
       be made pursuant to such Bridge Loan  Agreement,  and the Lender shall be
       entitled to rely on each of them as if they were fully set forth  herein,
       provided, that each reference in each such representation and warranty to
       the

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       Company's  knowledge shall, for the purposes of this Section 3, be deemed
       to be a reference to such Guarantor's knowledge.

              (f)    FOREIGN LAW. Each Guarantor has consulted with  appropriate
       foreign  legal  counsel with respect to any of the above  representations
       for which non-U.S.  law is applicable.  Such foreign counsel have advised
       each applicable Guarantor that such counsel knows of no reason why any of
       the above  representations  would not be true and accurate.  Such foreign
       counsel was provided  with copies of this  Subsidiary  Guarantee  and the
       Transaction Documents prior to rendering their advice.

       4.     COVENANTS.  Each  Guarantor  covenants  and agrees with the Lender
that, from and after the date of this Guarantee until the Obligations shall have
been paid in full, such Guarantor shall take,  and/or shall refrain from taking,
as the case may be, each commercially  reasonable action that is necessary to be
taken or not taken, as the case may be, so that no Event of Default is caused by
the  failure to take such  action or to refrain  from taking such action by such
Guarantor.

       5.     MISCELLANEOUS.

                     (a)    AMENDMENTS   IN  WRITING.   None  of  the  terms  or
              provisions of this Guarantee may be waived, amended,  supplemented
              or  otherwise  modified  except  in  writing  by the  majority  in
              interest (based on the  then-outstanding  principal  amount of the
              Note at the time of such determination) of the Lender.

                     (b)    NOTICES.  All  notices,  requests  and demands to or
              upon the Lender or any  Guarantor  hereunder  shall be affected in
              the manner  provided  for in the Bridge Loan  Agreement;  PROVIDED
              that any such notice,  request or demand to or upon any  Guarantor
              shall be  addressed to such  Guarantor  at its notice  address set
              forth herein.

                     (c)    NO WAIVER BY COURSE OF CONDUCT; CUMULATIVE REMEDIES.
              The Lender  shall not by any act  (except by a written  instrument
              pursuant  to  Section  5(a)),  delay,   indulgence,   omission  or
              otherwise  be deemed to have waived any right or remedy  hereunder
              or to  have  acquiesced  in  any  default  under  the  Transaction
              Documents  or Event of Default.  No failure to  exercise,  nor any
              delay in exercising,  on the part of the Lender,  any right, power
              or  privilege  hereunder  shall  operate as a waiver  thereof.  No
              single  or  partial  exercise  of any  right,  power or  privilege
              hereunder shall preclude any other or further  exercise thereof or
              the exercise of any other right,  power or privilege.  A waiver by
              the Lender of any right or remedy  hereunder  on any one  occasion
              shall not be  construed  as a bar to any right or remedy which the
              Lender would otherwise have on any future occasion. The rights and
              remedies herein provided are cumulative,  may be exercised  singly
              or  concurrently  and are not  exclusive  of any  other  rights or
              remedies provided by law.

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                     (d)    ENFORCEMENT EXPENSES; INDEMNIFICATION.

                            (i)    Each  Guarantor  agrees to pay, or  reimburse
                                   the Lender  for,  all its costs and  expenses
                                   incurred in collecting against such Guarantor
                                   under the guarantee contained in Section 2 or
                                   otherwise  enforcing or preserving any rights
                                   under   this    Guarantee   and   the   other
                                   Transaction Documents to which such Guarantor
                                   is a party,  including,  without  limitation,
                                   the  reasonable  fees  and  disbursements  of
                                   counsel to the Lender.

                            (ii)   Each Guarantor agrees to pay, and to save the
                                   Lender harmless from, any and all liabilities
                                   with respect to, or resulting  from any delay
                                   in paying, any and all stamp,  excise,  sales
                                   or  other  taxes  which  may  be  payable  or
                                   determined to be payable in  connection  with
                                   any of the transactions  contemplated by this
                                   Guarantee.

                            (iii)  Each Guarantor agrees to pay, and to save the
                                   Lender    harmless    from,   any   and   all
                                   liabilities,  obligations,  losses,  damages,
                                   penalties,  actions, judgments, suits, costs,
                                   expenses  or  disbursements  of any  kind  or
                                   nature   whatsoever   with   respect  to  the
                                   execution, delivery, enforcement, performance
                                   and  administration  of this Guarantee to the
                                   extent the Company would be required to do so
                                   pursuant to the Bridge Loan Agreement.

                            (iv)   The  agreements in this Section shall survive
                                   repayment  of the  Obligations  and all other
                                   amounts   payable   under  the  Bridge   Loan
                                   Agreement    and   the   other    Transaction
                                   Documents.

                     (e)    SUCCESSOR  AND  ASSIGNS.  This  Guarantee  shall  be
              binding  upon the  successors  and assigns of each  Guarantor  and
              shall  inure to the  benefit of the  Lender  and their  respective
              successors  and assigns;  provided  that no Guarantor  may assign,
              transfer or delegate any of its rights or  obligations  under this
              Guarantee without the prior written consent of the Lender.

                     (f)    SET-OFF.    Each   Guarantor   hereby    irrevocably
              authorizes  the  Lender at any time and from time to time while an
              Event of Default under any of the Transaction Documents shall have
              occurred and be  continuing,  without  notice to such Guarantor or
              any other  Guarantor,  any such notice being  expressly  waived by
              each  Guarantor,  to set-off and appropriate and apply any and all
              deposits,  credits,  indebtedness or claims,  in any currency,  in
              each case  whether  direct or  indirect,  absolute or  contingent,
              matured or  unmatured,  at any time held or owing by the Lender to
              or for the credit or the  account of such  Guarantor,  or any part
              thereof in such  amounts as the Lender may elect,  against  and on
              account of the  obligations  and  liabilities of such Guarantor to
              the Lender hereunder and claims of every nature and description of
              the  Lender  against  such  Guarantor,  in any  currency,  whether
              arising  hereunder,  under the Bridge  Loan  Agreement,  any other
              Transaction  Document  or  otherwise,  as the  Lender  may  elect,
              whether or not the Lender  have made any  demand for  payment  and
              although  such   obligations,   liabilities   and  claims  may  be
              contingent  or unmatured.  The Lender shall notify such  Guarantor
              promptly of any such set-off and

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              the  application  made  by the  Lender  of the  proceeds  thereof,
              provided that the failure to give such notice shall not affect the
              validity of such set-off and application. The rights of the Lender
              under this  Section are in addition to other  rights and  remedies
              (including, without limitation, other rights of set-off) which the
              Lender may have.

                     (g)    COUNTERPARTS.  This Guarantee may be executed by one
              or more of the parties to this Guarantee on any number of separate
              counterparts (including by telecopy), and all of said counterparts
              taken  together  shall be  deemed to  constitute  one and the same
              instrument.

                     (h)    SEVERABILITY.  Any provision of this Guarantee which
              is prohibited or unenforceable  in any  jurisdiction  shall, as to
              such   jurisdiction,   be   ineffective  to  the  extent  of  such
              prohibition or unenforceability without invalidating the remaining
              provisions hereof, and any such prohibition or unenforceability in
              any jurisdiction shall not invalidate or render unenforceable such
              provision in any other jurisdiction.

                     (i)    SECTION HEADINGS.  The Section headings used in this
              Guarantee  are for  convenience  of reference  only and are not to
              affect the construction  hereof or be taken into  consideration in
              the interpretation hereof.

                     (j)    INTEGRATION.    This   Guarantee   and   the   other
              Transaction  Documents  represent the agreement of the  Guarantors
              and the Lender  with  respect  to the  subject  matter  hereof and
              thereof, and there are no promises, undertakings,  representations
              or warranties by the Lender  relative to subject matter hereof and
              thereof  not  expressly  set forth or referred to herein or in the
              other Transaction Documents.

                     (k)    GOVERNING LAW. THIS GUARANTEE  SHALL BE GOVERNED BY,
              AND CONSTRUED AND  INTERPRETED IN ACCORDANCE  WITH, THE LAW OF THE
              STATE OF NEW YORK WITHOUT REGARD TO ANY PRINCIPLES OF CONFLICTS OF
              LAWS.

                     (l)    SUBMISSION TO JURISDICTIONAL; WAIVER. Each Guarantor
              hereby irrevocably and unconditionally:

                            (i)    submits  for itself and its  property  in any
                                   legal action or  proceeding  relating to this
                                   Guarantee and the other Transaction Documents
                                   to which it is a  party,  or for  recognition
                                   and  enforcement  of any  judgment in respect
                                   thereof,   to   the   non-exclusive   general
                                   jurisdiction  of the  Courts  of the State of
                                   New York,  located  in New York  County,  New
                                   York,  the  courts  of the  United  States of
                                   America  for  the  Southern  District  of New
                                   York, and appellate courts from any thereof;

                            (ii)   consents  that any such action or  proceeding
                                   may be brought in such  courts and waives any
                                   objection  that it may now or hereafter  have
                                   to the venue of any such action or proceeding
                                   in any such  court  or that  such  action  or
                                   proceeding  was  brought  in an  inconvenient
                                   court  and  agrees  not to plead or claim the
                                   same;

                            (iii)  agrees  that  service  of process in any such
                                   action  or  proceeding  may  be  effected  by
                                   mailing  a  copy  thereof  by  registered  or
                                   certified mail (or any substantially  similar
                                   form of mail), postage

<PAGE>

                                   prepaid,  to such  Guarantor  at its  address
                                   referred to in the Bridge Loan  Agreement  or
                                   at such  other  address  of which the  Lender
                                   shall have been notified pursuant thereto;

                            (iv)   agrees that  nothing  herein shall affect the
                                   right to effect  service  of  process  in any
                                   other manner  permitted by law or shall limit
                                   the right to sue in any  other  jurisdiction;
                                   and

                            (v)    waives,  to the maximum extent not prohibited
                                   by law,  any  right  it may  have to claim or
                                   recover  in any legal  action  or  proceeding
                                   referred  to in  this  Section  any  special,
                                   exemplary, punitive or consequential damages.

                     (m)    ACKNOWLEDGEMENTS. Each Guarantor hereby acknowledges
              that:

                            (i)    it  has  been   advised  by  counsel  in  the
                                   negotiation,  execution  and delivery of this
                                   Guarantee and the other Transaction Documents
                                   to which it is a party;

                            (ii)   the  Lender  have no  fiduciary  relationship
                                   with or duty to any Guarantor  arising out of
                                   or in connection  with this  Guarantee or any
                                   of the other Transaction  Documents,  and the
                                   relationship  between the Guarantors,  on the
                                   one hand, and the Lender,  on the other hand,
                                   in connection herewith or therewith is solely
                                   that of debtor and creditor; and

                            (iii)  no joint venture is created  hereby or by the
                                   other  Transaction   Documents  or  otherwise
                                   exists   by   virtue   of  the   transactions
                                   contemplated  hereby among the Guarantors and
                                   the Lender.

                     (n)    ADDITIONAL GUARANTORS.  The Company shall cause each
              of its  subsidiaries  formed or acquired on or  subsequent  to the
              date  hereof  to  become  a  Guarantor  for all  purposes  of this
              Guarantee by executing and  delivering an Assumption  Agreement in
              the form of Annex 1 hereto.

                     (o)    RELEASE OF GUARANTORS. Subject to Section 2(f), each
              Guarantor   will  be  released   from  all   liability   hereunder
              concurrently  with the repayment in full of all amounts owed under
              the  Bridge  Loan  Agreement,  the Note and the other  Transaction
              Documents.

                     (p)    SENIORITY. The Obligations of each of the Guarantors
              hereunder  rank  senior  in  priority  to any  other  debt of such
              Guarantor.

                     (q)    WAIVER  OF  JURY  TRIAL.   EACH  GUARANTOR  AND,  BY
              ACCEPTANCE OF THE BENEFITS HEREOF, THE LENDER,  HEREBY IRREVOCABLY
              AND  UNCONDITIONALLY  WAIVE  TRIAL BY JURY IN ANY LEGAL  ACTION OR
              PROCEEDING  RELATING TO THIS  GUARANTEE  AND FOR ANY  COUNTERCLAIM
              THEREIN.

<PAGE>

       IN WITNESS WHEREOF,  each of the undersigned has caused this Guarantee to
be duly executed and delivered as of the date first above written.

Subsidiary:                              Subsidiary:

Per:                                     Per:
    -----------------------------------      -----------------------------------
     Name:                                    Name:
     Title:                                   Title:

<PAGE>

                                   SCHEDULE 1

                                   GUARANTORS

       The  following  are the  names,  notice  addresses  and  jurisdiction  of
organization of each Guarantor.

                                          JURISDICTION OF      COMPANY OWNED
      NAME                ADDRESS          INCORPORATION       BY PERCENTAGE
      ----                -------         ---------------      -------------

<PAGE>

                                   Annex 1 to
                              SUBSIDIARY GUARANTEE

ASSUMPTION  AGREEMENT,  dated as of ____ __,  ______  made by  corporation  (the
"Additional  Guarantor"),  in favor of the Lender  pursuant  to the Bridge  Loan
Agreement referred to below. All capitalized terms not defined herein shall have
the meaning ascribed to them in such Bridge Loan Agreement.

                              W I T N E S S E T H :

       WHEREAS,  Sonoma College,  Inc., a California corporation (the "Company")
and the Lender have entered into a Bridge Loan Agreement,  dated as of September
28, 2006 (as amended,  supplemented or otherwise modified from time to time, the
"Bridge Loan Agreement");

       WHEREAS,  in connection with the Bridge Loan  Agreement,  the Company and
its  Subsidiaries  (other than the Additional  Guarantor)  have entered into the
Subsidiary Guarantee,  dated as of September 28, 2006 (as amended,  supplemented
or  otherwise  modified  from  time to time,  the  "Guarantee")  in favor of the
Lender;

       WHEREAS,  the Bridge Loan Agreement requires the Additional  Guarantor to
become a party to the Guarantee; and

       WHEREAS,  the Additional Guarantor has agreed to execute and deliver this
Assumption Agreement in order to become a party to the Guarantee;

                          NOW, THEREFORE, IT IS AGREED:

       1.     GUARANTEE.  By executing and delivering this Assumption Agreement,
the Additional Guarantor,  as provided in Section 5(n) of the Guarantee,  hereby
becomes a party to the Guarantee as a Guarantor  thereunder  with the same force
and effect as if originally  named therein as a Guarantor and,  without limiting
the generality of the foregoing,  hereby  expressly  assumes all obligations and
liabilities of a Guarantor  thereunder.  The  information set forth in Annex 1-A
hereto  is  hereby  added to the  information  set  forth in  Schedule  1 to the
Guarantee.  The Additional Guarantor hereby represents and warrants that each of
the  representations  and warranties  contained in Section 3 of the Guarantee is
true and  correct  on and as the date  hereof  as to such  Additional  Guarantor
(after giving effect to this Assumption  Agreement) as if made on and as of such
date.

       2.     GOVERNING LAW. THIS ASSUMPTION AGREEMENT SHALL BE GOVERNED BY, AND
CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

<PAGE>

       IN WITNESS WHEREOF,  the undersigned has caused this Assumption Agreement
to be duly executed and delivered as of the date first above written.

                                        [ADDITIONALGUARANTOR]

                                        By:
                                           ------------------------------------
                                            Name:
                                            Title:EX-10.41

                                                                       ANNEX VII

NEITHER THIS SECURITY NOR THE SECURITIES INTO WHICH THIS SECURITY IS EXERCISABLE
HAVE  BEEN  REGISTERED  WITH  THE  SECURITIES  AND  EXCHANGE  COMMISSION  OR THE
SECURITIES   COMMISSION  OF  ANY  STATE  IN  RELIANCE  UPON  AN  EXEMPTION  FROM
REGISTRATION  UNDER THE  SECURITIES  ACT OF 1933,  AS AMENDED  (THE  "SECURITIES
ACT"),  AND,  ACCORDINGLY,  MAY NOT BE OFFERED  OR SOLD  EXCEPT  PURSUANT  TO AN
EFFECTIVE  REGISTRATION  STATEMENT  UNDER THE  SECURITIES  ACT OR PURSUANT TO AN
AVAILABLE  EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE  REGISTRATION
REQUIREMENTS  OF THE  SECURITIES  ACT AND IN ACCORDANCE  WITH  APPLICABLE  STATE
SECURITIES  LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL TO THE TRANSFEROR TO
SUCH  EFFECT,  THE  SUBSTANCE  OF WHICH SHALL BE  REASONABLY  ACCEPTABLE  TO THE
COMPANY.  THIS  SECURITY  AND THE  SECURITIES  ISSUABLE  UPON  EXERCISE  OF THIS
SECURITY MAY BE PLEDGED IN CONNECTION  WITH A BONA FIDE MARGIN  ACCOUNT OR OTHER
LOAN SECURED BY SUCH SECURITIES.

                          COMMON STOCK PURCHASE WARRANT

                  To Purchase 140,000 Shares of Common Stock of

                              SONOMA COLLEGE, INC.

       THIS COMMON STOCK PURCHASE  WARRANT (the  "WARRANT")  certifies that, for
value received, HARBORVIEW MASTER FUND, LP (the "HOLDER"), is entitled, upon the
terms and subject to the limitations on exercise and the conditions  hereinafter
set forth, at any time on or after the date hereof (the "INITIAL EXERCISE DATE")
and on or prior to the close of business on September  28,  2011,  the five year
anniversary  of the  Initial  Exercise  Date (the  "TERMINATION  DATE")  but not
thereafter,  to  subscribe  for  and  purchase  from  Sonoma  College,  Inc.,  a
California corporation (the "COMPANY"), 140,000 shares (the "WARRANT SHARES") of
Common Stock, $.01 par value, of the Company (the "COMMON STOCK").  The purchase
price of one share of Common  Stock  under  this  Warrant  shall be equal to the
Exercise Price, as defined in Section 2(b).

SECTION 1.    DEFINITIONS.  Capitalized  terms  used and not  otherwise  defined
              herein shall have the  meanings  set forth in that certain  Bridge
              Loan Agreement (the "BRIDGE LOAN AGREEMENT"),  dated September 28,
              2006, between the Company and the Buyers signatory thereto.

SECTION 2.    EXERCISE.

              a)     EXERCISE  OF  WARRANT.  Exercise  of  the  purchase  rights
                     represented  by this  Warrant  may be  made at any  time or
                     times  on or  after  the  Initial  Exercise  Date and on or
                     before the Termination Date by delivery to the Company of a
                     duly executed facsimile copy of the Notice of Exercise Form
                     annexed  hereto  (or such  other  office  or  agency of the
                     Company  as it may  designate  by notice in  writing to the
                     registered  Holder at the address of such Holder  appearing
                     on the books of the Company);  PROVIDED,  HOWEVER, within 5
                     Trading  Days  of the  date  said  Notice  of  Exercise  is
                     delivered to the Company, the Holder shall have surrendered
                     this

<PAGE>

                     Warrant to the Company and the Company  shall have received
                     payment  of the  aggregate  Exercise  Price  of the  shares
                     thereby purchased by wire transfer or cashier's check drawn
                     on a United States bank.

              b)     EXERCISE  PRICE.  The  exercise  price of the Common  Stock
                     under this Warrant shall be $0.11 (the  "EXERCISE  PRICE"),
                     subject to adjustment pursuant to Section 3 hereof.

              c)     CASHLESS  EXERCISE.  This  Warrant may also be exercised by
                     means of a "cashless exercise" in which the Holder shall be
                     entitled to receive a certificate for the number of Warrant
                     Shares  equal to the quotient  obtained by dividing  [(A-B)
                     (X)] by (A), where:

                     (A) = the VWAP on the Trading Day immediately preceding the
                     date of such election;

                     (B) = the Exercise Price of this Warrant, as adjusted; and

                     (X) = the number of Warrant  Shares  issuable upon exercise
                     of this  Warrant  in  accordance  with  the  terms  of this
                     Warrant by means of a cash exercise  rather than a cashless
                     exercise.

              d)     EXERCISE  LIMITATIONS;  HOLDER'S  RESTRICTIONS.  The Holder
                     shall not have the right to  exercise  any  portion of this
                     Warrant,  pursuant  to Section  2(c) or  otherwise,  to the
                     extent  that after  giving  effect to such  issuance  after
                     exercise,   the   Holder   (together   with  the   Holder's
                     affiliates),  as set  forth  on the  applicable  Notice  of
                     Exercise,  would  beneficially own in excess of 4.9% of the
                     number   of  shares  of  the   Common   Stock   outstanding
                     immediately  after  giving  effect  to such  issuance.  For
                     purposes of the foregoing sentence, the number of shares of
                     Common  Stock  beneficially  owned  by the  Holder  and its
                     affiliates  shall  include  the  number of shares of Common
                     Stock  issuable  upon exercise of this Warrant with respect
                     to which the  determination of such sentence is being made,
                     but shall  exclude  the  number  of shares of Common  Stock
                     which would be issuable upon (A) exercise of the remaining,
                     nonexercised  portion of this Warrant beneficially owned by
                     the Holder or any of its  affiliates  and (B)  exercise  or
                     conversion of the  unexercised or  nonconverted  portion of
                     any other  securities  of the Company  (including,  without
                     limitation,  any  other  Notes or  Warrants)  subject  to a
                     limitation  on  conversion  or  exercise  analogous  to the
                     limitation  contained  herein  beneficially  owned  by  the
                     Holder or any of its affiliates. Except as set forth in the
                     preceding  sentence,  for  purposes of this  Section  2(d),
                     beneficial ownership shall be calculated in accordance with
                     Section 13(d) of the Exchange Act, it being acknowledged by
                     Holder that the Company is not  representing to Holder that
                     such calculation is in compliance with Section 13(d) of the
                     Exchange  Act and  Holder  is  solely  responsible  for any
                     schedules required to be filed in accordance therewith.  To
                     the extent that the  limitation  contained  in this Section
                     2(d) applies,  the determination of whether this Warrant is
                     exercisable (in relation to other  securities  owned by the
                     Holder)  and  of  which  a  portion  of  this   Warrant  is
                     exercisable shall be in the sole discretion of such Holder,
                     and the  submission of a Notice of Exercise shall be deemed
                     to be such Holder's  determination  of whether this Warrant
                     is exercisable  (in relation to other  securities  owned by
                     such  Holder)  and of  which  portion  of this  Warrant  is
                     exercisable, in each case subject to such

<PAGE>

                     aggregate percentage limitation, and the Company shall have
                     no  obligation  to verify or confirm  the  accuracy of such
                     determination.  For  purposes  of  this  Section  2(d),  in
                     determining  the  number  of  outstanding  shares of Common
                     Stock,  the Holder  may rely on the  number of  outstanding
                     shares of Common Stock as  reflected  in (x) the  Company's
                     most recent  Form 10-QSB or Form 10-KSB (or similar  form),
                     as the case may be, (y) a more recent  public  announcement
                     by the  Company or (z) any other  notice by the  Company or
                     the  Company's  Transfer  Agent setting forth the number of
                     shares of Common  Stock  outstanding.  Upon the  written or
                     oral  request of the Holder,  the Company  shall within two
                     Trading  Days  confirm  orally and in writing to the Holder
                     the number of shares of Common Stock then  outstanding.  In
                     any case, the number of outstanding  shares of Common Stock
                     shall be determined  after giving effect to the  conversion
                     or exercise of  securities of the Company,  including  this
                     Warrant,  by the Holder or its affiliates since the date as
                     of which such number of outstanding  shares of Common Stock
                     was  reported.  The  provisions of this Section 2(d) may be
                     waived by the Holder  upon,  at the election of the Holder,
                     not less than 61 days' prior notice to the Company, and the
                     provisions  of this  Section  2(d) shall  continue to apply
                     until such 61st day (or such later date,  as  determined by
                     the Holder, as may be specified in such notice of waiver).

              e)     MECHANICS OF EXERCISE.

                     i)     AUTHORIZATION   OF  WARRANT   SHARES.   The  Company
                            covenants  that  all  Warrant  Shares  which  may be
                            issued  upon the  exercise  of the  purchase  rights
                            represented  by this Warrant will,  upon exercise of
                            the purchase rights represented by this Warrant,  be
                            duly  authorized,  validly  issued,  fully  paid and
                            nonassessable  and free  from all  taxes,  liens and
                            charges in respect of the issue thereof  (other than
                            taxes  in   respect   of  any   transfer   occurring
                            contemporaneously  with  such  issue).  The  Company
                            covenants  that  during the  period  the  Warrant is
                            outstanding, it will reserve from its authorized and
                            unissued Common Stock a sufficient  number of shares
                            to provide for the  issuance  of the Warrant  Shares
                            upon the exercise of any purchase  rights under this
                            Warrant.  The  Company  further  covenants  that its
                            issuance  of  this  Warrant  shall  constitute  full
                            authority  to its  officers who are charged with the
                            duty of executing stock  certificates to execute and
                            issue the  necessary  certificates  for the  Warrant
                            Shares  upon the  exercise  of the  purchase  rights
                            under this  Warrant.  The Company will take all such
                            reasonable action as may be necessary to assure that
                            such Warrant Shares may be issued as provided herein
                            without   violation   of  any   applicable   law  or
                            regulation,  or of any  requirements  of the Trading
                            Market upon which the Common Stock may be listed.

                     ii)    DELIVERY OF CERTIFICATES UPON EXERCISE. Certificates
                            for shares purchased  hereunder shall be transmitted
                            by the  transfer  agent of the Company to the Holder
                            by  crediting  the  account  of the  Holder's  prime
                            broker with the Depository Trust Company through its
                            Deposit Withdrawal Agent Commission  ("DWAC") system
                            if the Company is a participant in such system,  and
                            otherwise  by  physical   delivery  to  the  address
                            specified  by the Holder in the  Notice of  Exercise
                            within  3  Trading  Days  from the  delivery  to the
                            Company of the Notice of Exercise Form, surrender of
                            this Warrant and payment of the  aggregate  Exercise
                            Price as set forth

<PAGE>

                            above ("WARRANT SHARE DELIVERY DATE").  This Warrant
                            shall be deemed to have been  exercised  on the date
                            the Exercise  Price is received by the Company.  The
                            Warrant  Shares 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 Exercise Price and all
                            taxes  required  to be paid by the  Holder,  if any,
                            pursuant to Section  2(e)(vii) prior to the issuance
                            of such shares, have been paid.

                     iii)   DELIVERY  OF NEW  WARRANTS  UPON  EXERCISE.  If this
                            Warrant  shall  have  been  exercised  in part,  the
                            Company  shall,  at  the  time  of  delivery  of the
                            certificate  or  certificates  representing  Warrant
                            Shares,  deliver to Holder a new Warrant  evidencing
                            the  rights of Holder to  purchase  the  unpurchased
                            Warrant Shares called for by this Warrant, which new
                            Warrant  shall in all other  respects  be  identical
                            with this Warrant.

                     iv)    RESCISSION RIGHTS. If the Company fails to cause its
                            transfer   agent  to   transmit   to  the  Holder  a
                            certificate or certificates representing the Warrant
                            Shares  pursuant  to this  Section  2(e)(iv)  by the
                            Warrant Share  Delivery  Date,  then the Holder will
                            have the right to rescind such exercise.

                     v)     COMPENSATION FOR BUY-IN ON FAILURE TO TIMELY DELIVER
                            CERTIFICATES UPON EXERCISE. In addition to any other
                            rights available to the Holder, if the Company fails
                            to  cause  its  transfer  agent to  transmit  to the
                            Holder a certificate  or  certificates  representing
                            the  Warrant  Shares  pursuant  to an exercise on or
                            before the Warrant Share Delivery Date, and if after
                            such date the  Holder is  required  by its broker to
                            purchase   (in  an  open   market   transaction   or
                            otherwise)  shares of  Common  Stock to  deliver  in
                            satisfaction  of a sale by the Holder of the Warrant
                            Shares which the Holder  anticipated  receiving upon
                            such exercise (a  "BUY-IN"),  then the Company shall
                            (1) pay in cash to the  Holder  the  amount by which
                            (x) the Holder's  total  purchase  price  (including
                            brokerage  commissions,  if any) for the  shares  of
                            Common  Stock so  purchased  exceeds  (y) the amount
                            obtained  by  multiplying  (A) the number of Warrant
                            Shares that the  Company was  required to deliver to
                            the Holder in connection  with the exercise at issue
                            times (B) the price at which the sell  order  giving
                            rise to such purchase  obligation was executed,  and
                            (2) at the option of the  Holder,  either  reinstate
                            the portion of the Warrant and equivalent  number of
                            Warrant  Shares  for  which  such  exercise  was not
                            honored  or  deliver  to the  Holder  the  number of
                            shares of Common  Stock that would have been  issued
                            had the Company  timely  complied  with its exercise
                            and delivery obligations hereunder.  For example, if
                            the Holder  purchases  Common  Stock  having a total
                            purchase  price of  $11,000  to cover a Buy-In  with
                            respect to an attempted exercise of shares of Common
                            Stock with an  aggregate  sale price  giving rise to
                            such purchase  obligation  of $10,000,  under clause
                            (1)  of  the  immediately   preceding  sentence  the
                            Company shall be required to pay the Holder  $1,000.
                            The Holder shall provide the Company  written notice
                            indicating  the  amounts  payable  to the  Holder in
                            respect  of the  Buy-In,  together  with  applicable
                            confirmations and other

<PAGE>

                            evidence   reasonably   requested  by  the  Company.
                            Nothing  herein  shall  limit a  Holder's  right  to
                            pursue any other remedies available to it hereunder,
                            at law or in equity including, without limitation, a
                            decree of  specific  performance  and/or  injunctive
                            relief  with  respect  to the  Company's  failure to
                            timely deliver  certificates  representing shares of
                            Common  Stock  upon   exercise  of  the  Warrant  as
                            required pursuant to the terms hereof.

                     vi)    NO FRACTIONAL  SHARES OR SCRIP. No fractional shares
                            or scrip  representing  fractional  shares  shall be
                            issued upon the exercise of this 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  such   fraction
                            multiplied by the Exercise Price.

                     vii)   CHARGES,    TAXES   AND   EXPENSES.    Issuance   of
                            certificates   for  Warrant  Shares  shall  be  made
                            without  charge  to the  Holder  for  any  issue  or
                            transfer tax or other incidental  expense in respect
                            of the  issuance of such  certificate,  all of which
                            taxes and expenses shall be paid by the Company, and
                            such certificates shall be issued in the name of the
                            Holder or in such  name or names as may be  directed
                            by the Holder; PROVIDED,  HOWEVER, that in the event
                            certificates  for Warrant Shares are to be issued in
                            a name  other  than  the  name of the  Holder,  this
                            Warrant  when  surrendered  for  exercise  shall  be
                            accompanied by the Assignment  Form attached  hereto
                            duly  executed  by the  Holder;  and the Company may
                            require,  as a condition  thereto,  the payment of a
                            sum  sufficient to reimburse it for any transfer tax
                            incidental thereto.

                     viii)  CLOSING  OF BOOKS.  The  Company  will not close its
                            stockholder  books or records  in any  manner  which
                            prevents  the  timely   exercise  of  this  Warrant,
                            pursuant to the terms hereof.

       SECTION 3.    CERTAIN ADJUSTMENTS.

                     a)     STOCK DIVIDENDS AND SPLITS.  If the Company,  at any
                            time while this Warrant is  outstanding:  (A) pays a
                            stock dividend or otherwise  make a distribution  or
                            distributions  on shares of its Common  Stock or any
                            other equity or equity equivalent securities payable
                            in shares of Common Stock  (which,  for avoidance of
                            doubt,  shall not include any shares of Common Stock
                            issued by the Company pursuant to this Warrant), (B)
                            subdivides outstanding shares of Common Stock into a
                            larger number of shares, (C) combines  (including by
                            way of reverse  stock split)  outstanding  shares of
                            Common Stock into a smaller number of shares, or (D)
                            issues by  reclassification  of shares of the Common
                            Stock any  shares of capital  stock of the  Company,
                            then  in each  case  the  Exercise  Price  shall  be
                            multiplied  by a  fraction  of which  the  numerator
                            shall  be the  number  of  shares  of  Common  Stock
                            (excluding  treasury  shares,  if  any)  outstanding
                            before such event and of which the denominator shall
                            be the number of shares of Common Stock  outstanding
                            after such  event and the number of shares  issuable
                            upon    exercise   of   this   Warrant    shall   be
                            proportionately   adjusted.   Any  adjustment   made
                            pursuant to this Section 3(a) shall become effective
                            immediately   after   the   record   date   for  the
                            determination  of  stockholders  entitled to receive
                            such dividend or distribution

<PAGE>

                            and shall  become  effective  immediately  after the
                            effective   date  in  the  case  of  a  subdivision,
                            combination or re-classification.

                     b)     SUBSEQUENT  EQUITY  SALES.  If  the  Company  or any
                            Subsidiary thereof, as applicable, at any time while
                            this  Warrant is  outstanding,  shall  offer,  sell,
                            grant any option to purchase or offer, sell or grant
                            any right to reprice its  securities,  or  otherwise
                            dispose of or issue (or  announce  any offer,  sale,
                            grant   or  any   option   to   purchase   or  other
                            disposition)   any  Common  Stock  or  Common  Stock
                            Equivalents  entitling any Person to acquire  shares
                            of Common  Stock,  at an  effective  price per share
                            less than the then Exercise Price (such lower price,
                            the   "BASE   SHARE   PRICE"   and  such   issuances
                            collectively,  a "DILUTIVE  Issuance"),  as adjusted
                            hereunder  (if the  holder  of the  Common  Stock or
                            Common  Stock  Equivalents  so  issued  shall at any
                            time,   whether  by  operation  of  purchase   price
                            adjustments, reset provisions,  floating conversion,
                            exercise or exchange prices or otherwise,  or due to
                            warrants,  options  or  rights  per  share  which is
                            issued in connection with such issuance, be entitled
                            to receive  shares of Common  Stock at an  effective
                            price  per  share  which is less  than the  Exercise
                            Price,   such  issuance  shall  be  deemed  to  have
                            occurred  for less than the Exercise  Price),  then,
                            the  Exercise  Price  shall be  reduced to equal the
                            Base Share  Price and the  number of Warrant  Shares
                            issuable  hereunder shall be increased such that the
                            aggregate  Exercise Price payable  hereunder,  after
                            taking  into  account the  decrease in the  Exercise
                            Price,  shall  be equal  to the  aggregate  Exercise
                            Price  prior  to such  adjustment.  Such  adjustment
                            shall be made  whenever  such Common Stock or Common
                            Stock Equivalents are issued.  Such adjustment shall
                            be made  whenever  such Common Stock or Common Stock
                            Equivalents are issued. The Company shall notify the
                            Holder in  writing,  no later than the  Trading  Day
                            following the issuance of any Common Stock or Common
                            Stock   Equivalents   subject   to   this   section,
                            indicating therein the applicable issuance price, or
                            of   applicable   reset   price,   exchange   price,
                            conversion  price  and  other  pricing  terms  (such
                            notice the "DILUTIVE ISSUANCE NOTICE"). For purposes
                            of   clarification,   whether  or  not  the  Company
                            provides a Dilutive Issuance Notice pursuant to this
                            Section  3(b),  upon the  occurrence of any Dilutive
                            Issuance,  after the date of such Dilutive  Issuance
                            the  Holder  is  entitled  to  receive  a number  of
                            Warrant  Shares  based  upon  the Base  Share  Price
                            regardless of whether the Holder  accurately  refers
                            to the Base Share Price in the Notice of Exercise.

                     c)     PRO RATA DISTRIBUTIONS.  If the Company, at any time
                            prior to the Termination  Date,  shall distribute to
                            all  holders of Common  Stock (and not to Holders of
                            the  Warrants)  evidences  of  its  indebtedness  or
                            assets or rights or  warrants  to  subscribe  for or
                            purchase  any  security  other than the Common Stock
                            (which  shall be subject to Section  3(b)),  then in
                            each such case the Exercise  Price shall be adjusted
                            by   multiplying   the  Exercise   Price  in  effect
                            immediately  prior  to the  record  date  fixed  for
                            determination  of  stockholders  entitled to receive
                            such   distribution  by  a  fraction  of  which  the
                            denominator  shall be the VWAP  determined as of the
                            record  date  mentioned  above,  and  of  which  the
                            numerator  shall be such  VWAP on such  record  date
                            less the then per share  fair  market  value at such
                            record  date  of  the  portion  of  such  assets  or
                            evidence of indebtedness  so distributed  applicable
                            to one  outstanding  share  of the  Common  Stock as
                            determined  by the Board of Directors in good faith.
                            In either case the adjustments shall be described in
                            a  statement  provided to the Holders of the portion
                            of   assets  or   evidences   of   indebtedness   so
                            distributed or such  subscription  rights applicable
                            to one share of Common Stock.  Such adjustment shall
                            be made

<PAGE>

                            whenever  any such  distribution  is made and  shall
                            become effective  immediately  after the record date
                            mentioned above.

                     d)     CALCULATIONS.  All calculations under this Section 3
                            shall  be made to the  nearest  cent or the  nearest
                            1/100th  of a share,  as the case may be. The number
                            of shares of Common Stock  outstanding  at any given
                            time shall not includes shares of Common Stock owned
                            or held by or for the  account of the  Company,  and
                            the  description  of any such shares of Common Stock
                            shall  be  considered  on  issue  or sale of  Common
                            Stock. For purposes of this Section 3, the number of
                            shares of  Common  Stock  deemed  to be  issued  and
                            outstanding  as of a given  date shall be the sum of
                            the  number of shares  of  Common  Stock  (excluding
                            treasury shares, if any) issued and outstanding.

                     e)     NOTICE TO HOLDERS.

                                   i.     ADJUSTMENT TO EXERCISE PRICE. Whenever
                            the  Exercise  Price is  adjusted  pursuant  to this
                            Section 3, the Company  shall  promptly mail to each
                            Holder a notice  setting  forth the  Exercise  Price
                            after  such  adjustment  and  setting  forth a brief
                            statement of the facts requiring such adjustment. If
                            the Company  issues a variable  rate  security,  the
                            Company  shall be deemed to have issued Common Stock
                            or Common Stock  Equivalents at the lowest  possible
                            conversion   or   exercise   price  at  which   such
                            securities may be converted or exercised.

                                   ii.    NOTICE TO ALLOW EXERCISE BY HOLDER. If
                            (A) the  Company  shall  declare a dividend  (or any
                            other  distribution)  on the Common  Stock;  (B) the
                            Company  shall declare a special  nonrecurring  cash
                            dividend on or a redemption of the Common Stock; (C)
                            the  Company  shall  authorize  the  granting to all
                            holders of the Common  Stock  rights or  warrants to
                            subscribe  for or  purchase  any  shares of  capital
                            stock  of  any  class  or of  any  rights;  (D)  the
                            approval of any stockholders of the Company shall be
                            required in connection with any  reclassification of
                            the Common  Stock,  any  consolidation  or merger to
                            which the  Company is a party,  any sale or transfer
                            of all or  substantially  all of the  assets  of the
                            Company,  of any compulsory  share exchange  whereby
                            the Common Stock is converted into other securities,
                            cash or property;  (E) the Company  shall  authorize
                            the    voluntary   or    involuntary    dissolution,
                            liquidation  or  winding  up of the  affairs  of the
                            Company; then, in each case, the Company shall cause
                            to be mailed to the Holder at its last  addresses as
                            it shall  appear  upon the  Warrant  Register of the
                            Company,  at least  20  calendar  days  prior to the
                            applicable  record  or  effective  date  hereinafter
                            specified,  a notice stating (x) the date on which a
                            record  is to be  taken  for  the  purpose  of  such
                            dividend,   distribution,   redemption,   rights  or
                            warrants,  or if a record  is not to be  taken,  the
                            date as of which the holders of the Common  Stock of
                            record   to   be   entitled   to   such    dividend,
                            distributions, redemption, rights or warrants are to
                            be   determined  or  (y)  the  date  on  which  such
                            reclassification,   consolidation,   merger,   sale,
                            transfer  or share  exchange  is  expected to become
                            effective  or close,  and the date as of which it is
                            expected  that holders of the Common Stock of record
                            shall be entitled to  exchange  their  shares of the
                            Common Stock for securities,  cash or other property
                            deliverable     upon     such      reclassification,
                            consolidation,   merger,  sale,  transfer  or  share
                            exchange;  PROVIDED,  that the  failure to mail such
                            notice  or any  defect  therein  or in  the  mailing
                            thereof   shall  not  affect  the  validity  of  the
                            corporate  action  required to be  specified in such
                            notice.  The Holder is  entitled  to  exercise  this
                            Warrant during the 20-day

<PAGE>

                            period  commencing  the date of such  notice  to the
                            effective date of the event triggering such notice.

                     f)     FUNDAMENTAL TRANSACTION.  If, at any time while this
                            Warrant is outstanding,  (A) the Company effects any
                            merger or  consolidation of the Company with or into
                            another Person,  (B) the Company effects any sale of
                            all or  substantially  all of its assets in one or a
                            series of related transactions, (C) any tender offer
                            or exchange offer (whether by the Company or another
                            Person) is  completed  pursuant to which  holders of
                            Common  Stock are  permitted  to tender or  exchange
                            their shares for other securities, cash or property,
                            or (D) the Company effects any  reclassification  of
                            the Common Stock or any  compulsory  share  exchange
                            pursuant  to which the Common  Stock is  effectively
                            converted  into or exchanged  for other  securities,
                            cash or property (in any such case,  a  "FUNDAMENTAL
                            TRANSACTION"),  then, upon any subsequent conversion
                            of this Warrant,  the Holder shall have the right to
                            receive, for each Warrant Share that would have been
                            issuable upon such exercise absent such  Fundamental
                            Transaction,  at the option of the Holder,  (a) upon
                            exercise  of this  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 Alternate  Consideration
                            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 or (b) cash  equal to the  value of this
                            Warrant  as  determined   in  accordance   with  the
                            Black-Scholes option pricing formula (the "ALTERNATE
                            CONSIDERATION").  For purposes of any such exercise,
                            the  determination  of the  Exercise  Price shall be
                            appropriately  adjusted  to apply to such  Alternate
                            Consideration  based  on  the  amount  of  Alternate
                            Consideration  issuable  in  respect of one share of
                            Common Stock in such  Fundamental  Transaction,  and
                            the Company shall apportion the Exercise Price among
                            the Alternate  Consideration in a reasonable  manner
                            reflecting  the  relative  value  of  any  different
                            components  of  the  Alternate   Consideration.   If
                            holders  of Common  Stock are given any choice as to
                            the securities, cash or property to be received in a
                            Fundamental  Transaction,  then the Holder  shall be
                            given   the  same   choice   as  to  the   Alternate
                            Consideration  it receives upon any exercise of this
                            Warrant following such Fundamental  Transaction.  To
                            the extent  necessary to  effectuate  the  foregoing
                            provisions,   any   successor   to  the  Company  or
                            surviving  entity  in such  Fundamental  Transaction
                            shall issue to the Holder a new  warrant  consistent
                            with the foregoing  provisions  and  evidencing  the
                            Holder's   right  to  exercise   such  warrant  into
                            Alternate Consideration.  The terms of any agreement
                            pursuant  to  which  a  Fundamental  Transaction  is
                            effected  shall  include  terms  requiring  any such
                            successor  or  surviving  entity to comply  with the
                            provisions  of this  paragraph (f) and insuring that
                            this Warrant (or any such replacement security) will
                            be   similarly    adjusted   upon   any   subsequent
                            transaction analogous to a Fundamental Transaction.

                     g)     VOLUNTARY  ADJUSTMENT BY COMPANY. The Company may at
                            any time during the term of this Warrant  reduce the
                            then  current  Exercise  Price to any amount and for
                            any period of time deemed  appropriate  by the Board
                            of Directors of the Company.
<PAGE>

       SECTION 4.    TRANSFER OF WARRANT.

                     a)     TRANSFERABILITY.  Subject  to  compliance  with  any
                            applicable  securities  laws and the  conditions set
                            forth in Sections 5(a) and 4(d) hereof, this Warrant
                            and all rights hereunder are transferable,  in whole
                            or in part,  upon  surrender  of this Warrant at the
                            principal  office of the  Company,  together  with a
                            written assignment of this Warrant  substantially in
                            the form attached hereto duly executed by the Holder
                            or its agent or attorney and funds sufficient to pay
                            any transfer  taxes  payable upon the making of such
                            transfer. Upon such surrender and, if required, such
                            payment, the Company shall execute and deliver a new
                            Warrant or Warrants  in the name of the  assignee or
                            assignees and in the  denomination or  denominations
                            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,  may be  exercised  by a new
                            holder for the  purchase of Warrant  Shares  without
                            having a new Warrant issued.

                     b)     NEW  WARRANTS.   This  Warrant  may  be  divided  or
                            combined  with  other  Warrants  upon   presentation
                            hereof  at the  aforesaid  office  of  the  Company,
                            together with a written notice  specifying the names
                            and  denominations  in which new  Warrants are to be
                            issued,  signed  by  the  Holder  or  its  agent  or
                            attorney.  Subject to compliance  with Section 4(a),
                            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.

                     c)     WARRANT  REGISTER.  The Company shall  register this
                            Warrant,  upon  records  to  be  maintained  by  the
                            Company for that purpose (the  "WARRANT  REGISTER"),
                            in the name of the record Holder hereof from time to
                            time.  The Company may deem and treat the registered
                            Holder of this Warrant as the absolute  owner hereof
                            for  the  purpose  of  any  exercise  hereof  or any
                            distribution  to  the  Holder,  and  for  all  other
                            purposes, absent actual notice to the contrary.

                     d)     TRANSFER  RESTRICTIONS.  If,  at  the  time  of  the
                            surrender  of this  Warrant in  connection  with any
                            transfer  of  this  Warrant,  the  transfer  of this
                            Warrant  shall  not  be  registered  pursuant  to an
                            effective    registration    statement   under   the
                            Securities Act and under applicable state securities
                            or blue sky laws,  the  Company  may  require,  as a
                            condition  of allowing  such  transfer  (i) that the
                            Holder or transferee  of this  Warrant,  as the case
                            may be, furnish to the Company a written  opinion of
                            counsel (which  opinion shall be in form,  substance
                            and scope  customary  for  opinions  of  counsel  in
                            comparable  transactions)  to the  effect  that such
                            transfer may be made without  registration under the
                            Securities Act and under applicable state securities
                            or blue sky laws, (ii) that the holder or transferee
                            execute  and  deliver to the  Company an  investment
                            letter  in  form  and  substance  acceptable  to the
                            Company  and  (iii)  that  the   transferee   be  an
                            "accredited  investor" as defined in Rule 501(a)(1),
                            (a)(2),  (a)(3), (a)(7), or (a)(8) promulgated under
                            the  Securities  Act  or a  qualified  institutional
                            buyer  as   defined  in  Rule   144A(a)   under  the
                            Securities Act.
<PAGE>

       SECTION 5.    MISCELLANEOUS.

                     a)     TITLE TO WARRANT.  Prior to the Termination Date and
                            subject  to  compliance  with  applicable  laws  and
                            Section  4 of this  Warrant,  this  Warrant  and all
                            rights  hereunder are  transferable,  in whole or in
                            part,  at the office or agency of the Company by the
                            Holder  in person  or by duly  authorized  attorney,
                            upon  surrender  of this Warrant  together  with the
                            Assignment  Form annexed hereto  properly  endorsed.
                            The  transferee  shall sign an investment  letter in
                            form and substance  reasonably  satisfactory  to the
                            Company.

                     b)     NO  RIGHTS  AS  SHAREHOLDER  UNTIL  EXERCISE.   This
                            Warrant  does not  entitle  the Holder to any voting
                            rights  or  other  rights  as a  shareholder  of the
                            Company  prior  to the  exercise  hereof.  Upon  the
                            surrender  of this  Warrant  and the  payment of the
                            aggregate  Exercise Price (or by means of a cashless
                            exercise),  the Warrant Shares so purchased shall be
                            and be deemed  to be  issued  to such  Holder as the
                            record  owner  of such  shares  as of the  close  of
                            business on the later of the date of such  surrender
                            or payment.

                     c)     LOSS,  THEFT,  DESTRUCTION OR MUTILATION OF WARRANT.
                            The  Company  covenants  that  upon  receipt  by the
                            Company of evidence reasonably satisfactory to it of
                            the loss,  theft,  destruction or mutilation of this
                            Warrant  or any stock  certificate  relating  to the
                            Warrant  Shares,  and in  case  of  loss,  theft  or
                            destruction,  of  indemnity  or security  reasonably
                            satisfactory  to it  (which,  in  the  case  of  the
                            Warrant, shall not include the posting of any bond),
                            and upon surrender and  cancellation of such Warrant
                            or stock certificate, if mutilated, the Company will
                            make and deliver a new Warrant or stock  certificate
                            of like tenor and dated as of such cancellation,  in
                            lieu of such Warrant or stock certificate.

                     d)     SATURDAYS,  SUNDAYS,  HOLIDAYS,  ETC. If the last or
                            appointed  day for the  taking of any  action or the
                            expiration of any right  required or granted  herein
                            shall be a Saturday, Sunday or a legal holiday, then
                            such  action  may be  taken  or  such  right  may be
                            exercised on the next succeeding day not a Saturday,
                            Sunday or legal holiday.

                     e)     AUTHORIZED SHARES. The Company covenants that during
                            the  period  the  Warrant  is  outstanding,  it will
                            reserve  from its  authorized  and  unissued  Common
                            Stock a  sufficient  number of shares to provide for
                            the issuance of the Warrant Shares upon the exercise
                            of any  purchase  rights  under  this  Warrant.  The
                            Company further  covenants that its issuance of this
                            Warrant  shall  constitute  full  authority  to  its
                            officers  who are charged with the duty of executing
                            stock   certificates   to  execute   and  issue  the
                            necessary  certificates  for the Warrant Shares upon
                            the  exercise  of the  purchase  rights  under  this
                            Warrant.  The Company will take all such  reasonable
                            action  as may be  necessary  to  assure  that  such
                            Warrant  Shares  may be  issued as  provided  herein
                            without   violation   of  any   applicable   law  or
                            regulation,  or of any  requirements  of the trading
                            market upon which the Common Stock may be listed.

                            Except and to the extent as waived or  consented  to
                            by the Holder,  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,

<PAGE>

                            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  as set  forth  in  this  Warrant
                            against impairment.  Without limiting the generality
                            of the foregoing,  the Company will (a) not increase
                            the par value of any Warrant Shares 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 Warrant Shares upon the
                            exercise of this Warrant,  and (c) use  commercially
                            reasonable    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.

                            Before  taking any action  which would  result in an
                            adjustment in the number of Warrant Shares for which
                            this  Warrant  is  exercisable  or in  the  Exercise
                            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.

                     f)     JURISDICTION.    All   questions    concerning   the
                            construction,      validity,     enforcement     and
                            interpretation  of this Warrant  shall be determined
                            in accordance with the provisions of the Bridge Loan
                            Agreement.

                     g)     RESTRICTIONS.   The  Holder  acknowledges  that  the
                            Warrant  Shares  acquired  upon the exercise of this
                            Warrant,  if not registered,  will have restrictions
                            upon resale imposed by state and federal  securities
                            laws.

                     h)     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  the  fact  that  all
                            rights hereunder  terminate on the Termination Date.
                            If the  Company  willfully  and  knowingly  fails to
                            comply with any  provision  of this  Warrant,  which
                            results in any material  damages to the Holder,  the
                            Company shall pay to Holder such amounts as shall be
                            sufficient   to  cover  any   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.

                     i)     NOTICES.  Any  notice,  request  or  other  document
                            required or  permitted  to be given or  delivered to
                            the  Holder by the  Company  shall be  delivered  in
                            accordance with the notice  provisions of the Bridge
                            Loan Agreement.

                     j)     LIMITATION OF LIABILITY. No provision hereof, in the
                            absence  of any  affirmative  action  by  Holder  to
                            exercise  this Warrant or purchase  Warrant  Shares,
                            and  no   enumeration   herein  of  the   rights  or
                            privileges  of  Holder,   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.
<PAGE>

                     k)     REMEDIES.  Holder,  in addition to being entitled to
                            exercise  all  rights  granted  by  law,   including
                            recovery  of  damages,  will be entitled to specific
                            performance  of its rights under this  Warrant.  The
                            Company  agrees that  monetary  damages would not be
                            adequate  compensation  for  any  loss  incurred  by
                            reason of a breach by it of the  provisions  of this
                            Warrant  and hereby  agrees to waive the  defense in
                            any action for specific performance that a remedy at
                            law would be adequate.

                     l)     SUCCESSORS   AND  ASSIGNS.   Subject  to  applicable
                            securities  laws,  this  Warrant  and the rights and
                            obligations  evidenced  hereby  shall  inure  to the
                            benefit of and be binding upon the successors of the
                            Company and the successors and permitted  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 shall be enforceable by any
                            such Holder or holder of Warrant Shares.

                     m)     AMENDMENT.  This  Warrant may be modified or amended
                            or the  provisions  hereof  waived  with the written
                            consent of the Company and the Holder.

                     n)     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   provisions  or  the  remaining
                            provisions of this Warrant.

                     o)     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.

                              ********************

<PAGE>

              IN WITNESS  WHEREOF,  the Company  has caused  this  Warrant to be
executed by its officer thereunto duly authorized.

Dated:  September 28, 2006

                                        SONOMA COLLEGE, INC.

                                        ---------------------------------------
                                        Name:
                                        Title:
<PAGE>

                               NOTICE OF EXERCISE

TO:

              (1) The  undersigned  hereby elects to purchase  ________  Warrant
Shares of the Company  pursuant to the terms of the  attached  Warrant  (only if
exercised in full),  and tenders herewith payment of the exercise price in full,
together with all applicable transfer taxes, if any.

              (2)________Payment shall take the form of (check applicable box):

                     [_]    in lawful money of the United States; or

                     [_]    the cancellation of such number of Warrant Shares as
                     is necessary,  in accordance  with the formula set forth in
                     subsection  2(c),  to exercise this Warrant with respect to
                     the maximum number of Warrant Shares  purchasable  pursuant
                     to the cashless exercise  procedure set forth in subsection
                     2(c).

              (3)________Please issue a certificate or certificates representing
said Warrant  Shares in the name of the  undersigned or in such other name as is
specified below:

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

The Warrant Shares shall be delivered to the following:

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

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

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

              (4)  ACCREDITED  INVESTOR.   The  undersigned  is  an  "accredited
investor" as defined in Regulation D  promulgated  under the  Securities  Act of
1933, as amended.

[SIGNATURE OF HOLDER]

Name of Investing Entity: ______________________________________________________

SIGNATURE OF AUTHORIZED SIGNATORY OF INVESTING ENTITY: _________________________

Name of Authorized Signatory: __________________________________________________

Title of Authorized Signatory: _________________________________________________

Date: __________________________________________________________________________

<PAGE>

                                 ASSIGNMENT FORM

                    (To assign the foregoing warrant, execute
                   this form and supply required information.
                 Do not use this form to exercise the warrant.)

              FOR VALUE RECEIVED, the foregoing Warrant and all rights evidenced
thereby are hereby assigned to

                                                                whose address is
---------------------------------------------------------------

-------------------------------------------------------------------------------.

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                                                  Dated:               ,
                                                        ---------------  -------

                               Holder's Signature:
                                                   -----------------------------
                               Holder's Address:
                                                   -----------------------------

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

Signature Guaranteed:
                     -------------------------------------------

NOTE: The signature to this  Assignment Form must correspond with the name as it
appears on the face of the Warrant,  without  alteration or  enlargement  or any
change whatsoever,  and must be guaranteed by a bank or trust company.  Officers
of corporations and those acting in a fiduciary or other representative capacity
should file proper evidence of authority to assign the foregoing Warrant.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00113-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00113-of-00352.parquet"}]]