Document:

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                                                                 EXHIBIT 4.2

                                  CMERUN CORP.

                                    CORRECTED
                           CERTIFICATE OF DESIGNATION

                      SERIES B CONVERTIBLE PREFERRED STOCK

         On January 27, 2000, CMERUN Corp. (f/k/a Fundae Acquisition
Corporation) (the "Company") filed a Certificate of Designation concerning its
Series B Convertible Preferred Stock. The Company has set forth herein a
corrected version of its Certificate of Designation which remedies the following
errors in the original filing:

         1. In Section 2, the definition of "Redemption Date" has been corrected
to read "January 11, 2003" instead of "January 11, 2000."

         2. In Section 2, the definition of "Conversion Price" has been deleted
in its entirety and the following has been substituted in lieu thereof:

         "CONVERSION PRICE" shall mean the Preference Value, subject to
adjustment as provided in Section 6.'

                                      * * *

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                                 C ME RUN CORP.

                           CERTIFICATE OF DESIGNATION

                      SERIES B CONVERTIBLE PREFERRED STOCK

                           (PAR VALUE $0.01 PER SHARE)
                   ------------------------------------------
                         PURSUANT TO SECTION 151 OF THE
                GENERAL CORPORATION LAW OF THE STATE OF DELAWARE
                   ------------------------------------------

         C ME RUN CORP., a Delaware corporation (the "COMPANY"), does hereby
certify that, pursuant to the provisions of Section 151 of the General
Corporation Law of the State of Delaware, the Board of Directors of the Company
(the "BOARD"), pursuant to the unanimous written consent of the Board, dated as
of January 20, 2000, adopted the following resolutions, which resolutions remain
in full force and effect as of the date hereof:

         WHEREAS, the Board is authorized, within the limitations and
restrictions stated in the Certificate of Incorporation of the Company, to fix
by resolution or resolutions the designations of each series of preferred stock
of the Company (the "PREFERRED STOCK") and the powers, preferences and relative,
participating, optional or other special rights and the qualifications,
limitations or restrictions thereof, including, without limitation, such
provisions as may be desired concerning voting, redemption, dividends,
dissolution or distribution of assets, conversion or exchange, and such other
subjects or matters as may be fixed by resolutions of the Board under the
General Corporation Law of the State of Delaware; and

         WHEREAS, it is the desire of the Board, pursuant to its authority as
aforesaid, to authorize and fix the terms of one series of Preferred Stock and
the number of shares constituting such series;

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                  NOW, THEREFORE, BE IT:

         RESOLVED, that there is hereby authorized such series of Preferred
Stock on the terms and with the provisions herein set forth:

                  1 DESIGNATION AND AMOUNT. The distinctive serial designation
         of this series shall be "Series B Convertible Preferred Stock" (the
         "SERIES B CONVERTIBLE PREFERRED STOCK"). The number of authorized
         shares of Series B Convertible Preferred Stock shall be 2,833,333.

                  2 DEFINITIONS. For purposes of the Series B Convertible
         Preferred Stock, in addition to those terms otherwise defined herein,
         the following terms shall have the meanings indicated:

                           "BOARD" shall mean the Board of Directors of the
                  Company or any committee authorized by such Board to perform
                  any of its responsibilities with respect to the Series B
                  Convertible Preferred Stock.

                           "BUSINESS DAY" shall mean any day other than a
                  Saturday, Sunday or a day on which banking institutions in the
                  City of New York or in the City of Seattle are authorized or
                  obligated by law or executive order to close.

                           "COMMON STOCK" shall mean the Common Stock of the
                  Company, par value $0.01 per share.

                           "CONVERSION PRICE" shall mean the Preference Value,
                  subject to adjustment as provided in Section 6.

                           "DIVIDEND PERIODS" shall mean quarterly dividend
                  periods commencing on the first day of January, April, July
                  and October of each year and ending on and including the day
                  preceding the first day of the next succeeding Dividend Period
                  (other than the initial Dividend Period which shall commence
                  on the Preference Date and end on and include January 11,
                  2000).

                           "NASDAQ" shall mean The Nasdaq National Market.

                           "PREFERENCE DATE" shall mean January 11, 2000.

                           "PREFERENCE VALUE" shall mean $3.00.

                           "REDEMPTION DATE" shall mean January 11, 2003.

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                           "REDEMPTION PRICE" shall mean 120% of the Preference
                  Value, plus all accumulated and unpaid dividends accrued as of
                  the Redemption Date.

         3. DIVIDENDS. (a) Holders of shares of the Series B Convertible
Preferred Stock will be entitled to receive, when, as and if declared by the
Board, out of the funds of the Company legally available therefor, an annual
dividend at the rate of 12% of the Preference Value per share of Series B
Convertible Preferred Stock per annum, payable in cash or in shares of Common
Stock, at the election of the Company or the holder pursuant to Section 3(f), in
quarterly installments on March 31, June 30, September 30 and December 31 (each,
a "DIVIDEND PAYMENT DATE"), commencing January 11, 2000 (and, in the case of any
accrued but unpaid dividends, at such additional times and for such interim
periods, if any, as determined by the Board). If any Dividend Payment Date shall
be on a day other than a Business Day, then the Dividend Payment Date shall be
on the next succeeding Business Day. Dividends on the Series B Convertible
Preferred Stock will be cumulative from (but not before) the Preference Date,
whether or not in any Dividend Period or Periods there shall be funds of the
Company legally available for the payment of such dividends and whether or not
such dividends are declared, and will be payable to holders of record as they
appear on the stock books of the Company on such record dates (each such date, a
"DIVIDEND PAYMENT RECORD DATE"), which shall be not more than 60 days nor less
than 10 (ten) days preceding the Dividend Payment Dates thereof, as shall be
fixed by the Board. Dividends on the Series B Convertible Preferred Stock shall
accrue (whether or not declared) on a quarterly basis from the Preference Date
and accrued dividends for each Dividend Period shall accumulate to the extent
not paid on the Dividend Payment Date first following the Dividend Period for
which they accrue. As used herein, the term "accrued" with respect to dividends
includes both accrued and accumulated dividends.

         (b) The amount of dividends payable for each full Dividend Period for
the Series B Convertible Preferred Stock shall be computed by dividing the
annual dividend rate by four (rounded down to the nearest cent). The amount of
dividends payable for the initial Dividend Period on the Series B Convertible
Preferred Stock, or any other period shorter or longer than a full Dividend
Period on the Series B Convertible Preferred Stock shall be computed on the
basis of a 360-day year consisting of twelve 30-day months. Holders of shares of
Series B Convertible Preferred Stock called for redemption on a redemption date
falling between the close of business on a Dividend Payment Record Date and the
opening of business on the corresponding Dividend Payment Date shall, in lieu of
receiving such dividend on the Dividend Payment Date fixed therefor, receive
such dividend payment together with all other accrued and unpaid dividends on
the date fixed for redemption. No interest, or sum of money in lieu of interest,
shall be payable in respect of any dividend payment or payments on the Series B
Convertible Preferred Stock which may be in arrears.

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                                       5

         (c) No dividends, except as described in the next succeeding sentence,
shall be declared or paid or set apart for payment on any class or series of
stock of the Company ranking, as to dividends, on a parity with the Series B
Convertible Preferred Stock, for any period, unless full cumulative dividends
have been or contemporaneously are declared and paid or declared and a sum
sufficient for the payment thereof set apart for such payment on the Series B
Convertible Preferred Stock for all Dividend Periods terminating on or prior to
the date of payment, or setting apart for payment, of such dividends on such
parity stock. When dividends are not paid in full or a sum sufficient for such
payment is not set apart, as aforesaid, upon the shares of the Series B
Convertible Preferred Stock and any other class or series of stock ranking on a
parity as to dividends with the Series B Convertible Preferred Stock, all
dividends declared upon shares of the Series B Convertible Preferred Stock and
all dividends declared upon such other stock shall be declared pro rata so that
the amounts of dividends per share declared on the Series B Convertible
Preferred Stock and such other stock shall in all cases bear to each other the
same ratio that accrued dividends per share on the shares of the Series B
Convertible Preferred Stock and on such other stock bear to each other.

         (d) No other stock of the Company ranking on a parity with the Series B
Convertible Preferred Stock as to dividends or upon liquidation, dissolution or
winding up shall be redeemed, purchased or otherwise acquired for any
consideration (or any moneys be paid to or made available for a sinking fund or
otherwise for the purchase or redemption of any shares of any such stock) by the
Company (except for (i) the making of any payments by the Company with respect
to any options or rights to purchase securities granted pursuant to any employee
benefit plan or program of the Company or with respect to the exercise of any
such option or right, or (ii) any redemption or conversion of shares of the
Series B Convertible Preferred Stock in accordance with the terms hereof) unless
(A) the full cumulative dividends, if any, accrued on all outstanding shares of
the Series B Convertible Preferred Stock shall have been paid or set apart for
payment for all past Dividend Periods and (B) sufficient funds shall have been
set apart for the payment of the dividend for the current Dividend Period with
respect to the Series B Convertible Preferred Stock.

         (e) No dividends (other than dividends or distributions paid in shares
of, or options, warrants or rights to subscribe for or purchase shares of,
Common Stock or other stock ranking junior to the Series B Convertible Preferred
Stock as to dividends and upon liquidation, dissolution or winding up) shall be
declared or paid or set apart for payment and no other distribution shall be
declared or made or set apart for payment, in each case upon the Common Stock or
any other stock of the Company ranking junior to the Series B Convertible
Preferred Stock as to dividends or upon liquidation, dissolution or winding up,
nor shall any Common Stock or any other such stock of the Company ranking junior
to the Series B Convertible Preferred Stock as to dividends or upon liquidation,
dissolution or winding up be redeemed, purchased or otherwise acquired for any
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                                       6

consideration (or any moneys be paid to or made available for a sinking fund or
otherwise for the purchase or redemption of any shares of any such stock) by the
Company (except for (i) purchases of Common Stock by the Company, (ii) the
making of any payments by the Company with respect to any options or rights to
purchase shares of Common Stock granted pursuant to any employee benefit plan or
program of the Company or with respect to the exercise of any such option or
right, or (iii) the purchase of stock of the Company ranking junior to the
Series B Convertible Preferred Stock as to dividends and upon liquidation,
dissolution or winding up in exchange for, or out of the proceeds of the
contemporaneous issuance of, other stock of the Company ranking junior to the
Series B Convertible Preferred Stock as to dividends and upon liquidation,
dissolution or winding up) unless, in each case (A) the full cumulative
dividends, if any, accrued on all outstanding shares of the Series B Convertible
Preferred Stock and any other stock of the Company ranking on a parity with the
Series B Convertible Preferred Stock as to dividends shall have been paid or set
apart for payment for all past Dividend Periods and all past dividend periods
with respect to such other stock and (B) sufficient funds shall have been set
apart for the payment of the dividend for the current Dividend Period with
respect to the Series B Convertible Preferred Stock and for the current dividend
period with respect to any other stock of the company ranking on a parity with
the Series B Convertible Preferred Stock as to dividends.

         (f) (i) At the election of the Company or the holder of such shares of
Series B Convertible Preferred Stock, any dividend payable to the holders of the
Series B Convertible Preferred Stock may be made, in lieu of cash, in Common
Stock (a "COMMON STOCK DIVIDEND").

               (ii) The number of shares of Common Stock payable in a Common
Stock Dividend on each share of Series B Convertible Preferred Stock shall be
such number of fully paid and nonassessable shares of Common Stock as is
determined by dividing (x) the aggregate amount of such dividend payable with
respect of all outstanding shares of Series B Convertible Preferred Stock by (y)
seventy five percent (75%) of the average per share closing bid price of the
Common Stock on Nasdaq (or any other securities market on which shares of the
Common Stock are listed or traded) for the five (5) consecutive trading days
ending on the fifth day prior to the applicable Dividend Payment Date, and then
dividing such quotient by (z) the number of shares of Series B Convertible
Preferred Stock outstanding on the applicable Dividend Payment Date.

               (iii) No fractional shares of Common Stock shall be issued in
connection with the payment of a Common Stock Dividend. In lieu of any
fractional share to which a holder would otherwise be entitled, the Company
shall pay cash equal to such fraction multiplied by the fair value of the Common
Stock as determined in good faith by the Board.

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                                       7

               (iv) If the Company elects to make a Common Stock Dividend, the
Company shall deliver at least five (5) days' prior written notice of such
election to the holders of the Series B Convertible Preferred Stock entitled to
receive such dividend.

         (g) The holders of shares of Series B Convertible Preferred Stock shall
not be entitled to receive any dividends or other distributions except as
specifically provided in this Section 3.

         4 LIQUIDATION PREFERENCE. (a) In the event of any voluntary or
involuntary liquidation, dissolution or winding up of the affairs of the
Company, then, before any distribution or payment shall be made to the holders
of the Common Stock or any other series or class or classes of stock of the
corporation ranking junior to the Series B Convertible Preferred Stock, each
holder of Series B Convertible Preferred Stock then outstanding shall be
entitled to be paid, in respect of each share of Series B Convertible Preferred
Stock then held, out of the assets of the Company available for distribution to
its stockholders an amount in cash equal to the Preference Value of such share
of Series B Convertible Preferred Stock (for each share of Series B Convertible
Preferred Stock outstanding, the "SERIES B PREFERENCE AMOUNT"). After such
distribution to the holders of each outstanding share of Series B Convertible
Preferred Stock, any remaining assets available for distribution shall be
distributed to the holders of shares of Series B Convertible Preferred Stock and
shares of Common Stock pro rata based on the total number of such shares held by
each holder on a fully-converted basis.

         (b) If the assets of the Company are not sufficient to generate cash
sufficient to pay in full the Series B Preference Amount, then the holders of
Series B Convertible Preferred Stock shall share ratably in any distribution of
cash generated by such assets in accordance with the respective amounts that
would have been payable in such distribution if the amounts to which the holders
of outstanding shares of Series B Convertible Preferred Stock are entitled were
paid in full.

         (c) In case the outstanding shares of Series B Convertible Preferred
Stock or shares of Common Stock are subdivided into a greater number of shares
of Series B Convertible Preferred Stock, the Series B Preference Amount in
effect immediately prior to each such subdivision shall, simultaneously with the
effectiveness of such subdivision, be proportionately reduced and, conversely,
in case the outstanding shares of Series B Convertible Preferred Stock shall be
combined into a smaller number of shares of Series B Convertible Preferred
Stock, the Series B Preference Amount in effect immediately prior to each such
combination shall, simultaneously with the effectiveness of such combination, be
proportionately increased.

         5. VOTING RIGHTS. The holders of Series B Convertible Preferred Stock
shall not have any voting rights except as from time to time required by law. In
connection

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                                       8

with any right to vote, each holder of Series B Convertible Preferred Stock will
have one vote for each share held. Any shares of Series B Convertible Preferred
Stock held by the Company or any entity controlled by the Company shall not have
voting rights hereunder and shall not be counted in determining the presence of
a quorum.

         6. CONVERSION. The holders of the Series B Convertible Preferred shall
have conversion rights as follows (the "CONVERSION RIGHTS"):

         (a) RIGHT TO CONVERT. Each share of Series B Convertible Preferred
shall be convertible, at the option of the holder thereof, at any time prior to
the Redemption Date, into such number of fully paid and nonassessable shares of
Common Stock as is determined by dividing the Preference Value by the Conversion
Price for such shares of Series B Convertible Preferred Stock.

         (b) MECHANICS OF CONVERSION. No fractional shares of Common Stock shall
be issued upon conversion of the Series B Convertible Preferred Stock. In lieu
of any fractional share to which a holder would otherwise be entitled, the
Company shall pay cash equal to such fraction multiplied by the fair value of
the Common Stock as determined in good faith by the Board. Before any holder of
Series B Convertible Preferred Stock shall be entitled to convert the same into
full shares of Common Stock, he shall surrender the Series B Convertible
Preferred Stock certificate or certificates, duly endorsed, at the office of the
Company or of any transfer agent for the Series B Convertible Preferred Stock,
and shall give written notice to the Company at such office that he elects to
convert the same. The Company shall, as soon as practicable thereafter, issue
and deliver at such office to such holder of Series B Convertible Preferred
Stock, a certificate or certificates for the number of shares of Common Stock to
which he shall be entitled as aforesaid and a check payable to the holder in the
amount of any cash amounts payable as the result of a conversion into a
fractional share of Common Stock. Such conversion shall be deemed to have been
made immediately prior to the close of business on the date of such surrender of
the shares of Series B Convertible Preferred Stock to be converted, and the
person or persons entitled to receive the shares of Common Stock issuable upon
such conversion shall be treated for all purposes as the record holder or
holders of such shares of Common Stock on such date. At the time the Company
issues and delivers a certificate or certificates for the shares of Common Stock
to the converting holder of Series B Convertible Preferred Stock, the Company
shall pay to such holder all accumulated and unpaid dividends accrued on the
Series B Convertible Preferred Stock.

         (c) ADJUSTMENTS TO CONVERSION PRICE FOR DILUTING ISSUES.

             (i) SPECIAL DEFINITIONS. For purposes of this Section 6, the
following definitions shall apply:

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                  (1) "OPTIONS" shall mean rights, options or warrants to
subscribe for, purchase or otherwise acquire either Common Stock or Convertible
Securities.

                  (2) "CONVERTIBLE SECURITIES" shall mean any evidences of
indebtedness, shares (other than Common Stock and Series B Convertible Preferred
Stock) or other securities convertible into or exchangeable for Common Stock.

                  (3) "ORIGINAL ISSUE DATE" shall mean the date on which the
first share of Series B Convertible Preferred Stock was first issued.

                  (4) "ADDITIONAL SHARES OF COMMON STOCK" shall mean all shares
of Common Stock (i) issued (or, pursuant to Section 6(c)(iii), deemed to be
issued) by the Company after the Original Issue Date, or (ii) sold or exchanged
by the Company in conjunction with an acquisition of the Company after the
Original Issue Date, other than shares of Common Stock issued or issuable:

                             (A) upon conversion of shares of Series B
Convertible Preferred Stock;

                             (B) to employees, officers or directors of, or
consultants to, the Company pursuant to a stock grant, option plan, purchase
plan or other employee stock incentive program (collectively, the "PLANS") or
any other agreement so long as any such Plans or agreements are unanimously
approved by the Board;

                             (C) as a dividend or distribution on the Series B
Convertible Preferred Stock;

                             (D) by way of dividend or other distribution on
shares of Common Stock excluded from the definition of Additional Shares of
Common Stock by the foregoing clauses (A), (B) and (C) or on shares of Common
Stock so excluded;

                  (ii) NO ADJUSTMENT OF CONVERSION PRICE. No adjustment in the
Conversion Price for shares of Series B Convertible Preferred Stock shall be
made in respect of the issuance of Additional Shares of Common Stock unless the
consideration per share for an Additional Share of Common Stock issued or deemed
to be issued by the Company is less than the Conversion Price for such shares of
Series B Convertible Preferred Stock in effect on the date of, and immediately
prior to such issue, for such share of Series B Convertible Preferred Stock.

                  (iii) DEEMED ISSUE OF ADDITIONAL SHARES OF COMMON STOCK. In
the event that the Company at any time or from time to time after the Original
Issue Date shall

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                                       10

issue any Options or Convertible Securities or shall fix a record date for the
determination of holders of any class of securities entitled to receive any such
Options or Convertible Securities, then the maximum number of shares (as set
forth in the instrument relating thereto without regard to any provisions
contained therein for a subsequent adjustment of such number) of Common Stock
issuable upon the exercise of such Options or, in the case of Convertible
Securities and Options therefor, the conversion or exchange of such Convertible
Securities, shall be deemed to be Additional Shares of Common Stock issued as of
the time of such issue or, in case such a record date shall have been fixed, as
of the close of business on such record date, PROVIDED that Additional Shares of
Common Stock shall not be deemed to have been issued unless the consideration
per share (determined pursuant to Section 6(c)(v) hereof) of such Additional
Shares of Common Stock would be less than the Conversion Price for shares of
Series B Convertible Preferred Stock in effect on the date of and immediately
prior to such issue, or such record date, as the case may be, and PROVIDED
FURTHER that in any such case in which Additional Shares of Common Stock are
deemed to be issued:

                             (A) no further adjustment in the Conversion Price
for shares of Series B Convertible Preferred Stock shall be made upon the
subsequent issue of Convertible Securities or shares of Common Stock upon the
exercise of such Options or conversion or exchange of such Convertible
Securities;

                             (B) if such Options or Convertible Securities by
their terms provide, with the passage of time or otherwise, for any increase in
the consideration payable to the Company, or decrease in the number of shares of
Common Stock issuable, upon the exercise, conversion or exchange thereof, the
Conversion Price for shares of Series B Convertible Preferred Stock computed
upon the original issue thereof (or upon the occurrence of a record date with
respect thereto), and any subsequent adjustments based thereon, shall, upon any
such increase or decrease becoming effective, be recomputed to reflect such
increase or decrease insofar as it affects such Options or the rights of
conversion or exchange under such Convertible Securities; and

                             (C) on the expiration or cancellation of any
Options or the termination of the right to convert or exchange any Convertible
Securities which shall have not been exercised, if the Conversion Price shall
have been adjusted upon the original issuance thereof or shall have been
subsequently adjusted pursuant to clause (B) above, the Conversion Price shall
be recomputed as if:

                                 (1) in the case of Convertible Securities or
Options for Common Stock, the only Additional Shares of Common Stock issued were
shares of Common Stock, if any, actually issued upon the exercise of such
Options or the conversion or exchange of such Convertible Securities, and the
consideration received therefor was the consideration actually received by the
Company for the issuance of all

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                                       11

such Options, whether or not exercised, plus the consideration actually received
by the Company upon such exercise, or for the issuance of all such Convertible
Securities which were actually converted or exchanged plus the consideration
actually received by the Company upon such conversion or exchange, if any, and

                                 (2) in the case of Options for Convertible
Securities, only the Convertible Securities, if any, actually issued upon the
exercise thereof were issued at the time of issue of such Options and the
consideration received by the Company for the Additional Shares of Common Stock
deemed to have been then issued was the consideration actually received by the
Company for the issuance of all such Options, whether or not exercised, plus the
consideration deemed to have been received by the Company upon the issuance of
the Convertible Securities with respect to which such Options were actually
exercised;

                         (D) no readjustment pursuant to clause (B) or (C) above
shall have the effect of increasing the Conversion Price to an amount which
exceeds the Conversion Price on the original adjustment date.

         (iv) ADJUSTMENT OF CONVERSION PRICE UPON ISSUANCE OF ADDITIONAL SHARES
OF COMMON STOCK. In the event that the Company shall issue Additional Shares of
Common Stock (including Additional Shares of Common Stock deemed to be issued
pursuant to Section 6(c)(iii)) without consideration or for a consideration per
share less than the Conversion Price of any shares of Series B Convertible
Preferred Stock in effect on the date of and immediately prior to such issue,
then and in such event, the Conversion Price shall be reduced, concurrently with
such issuance with respect to the Series B Convertible Preferred Stock, to a
price (calculated to the nearest cent) determined by multiplying the Conversion
Price by a fraction (x) the numerator of which shall be the sum of (1) the
number of shares of Common Stock outstanding immediately prior to such issuance,
plus (2) the number of shares of Common Stock which the aggregate consideration
received by the Company for the total number of Additional Shares of Common
Stock so issued would purchase at such Conversion Price and (y) the denominator
of which shall be (1) the number of shares of Common Stock outstanding
immediately prior to such issuance plus (2) the number of such Additional Shares
of Common Stock so issued; PROVIDED that, for the purposes of this Section
6(c)(iv), all shares of Common Stock issuable (i) upon conversion of all
outstanding Series B Convertible Preferred Stock, (ii) upon conversion of all
outstanding Convertible Securities, and (iii) upon the exercise of all
outstanding Options, shall be deemed to be outstanding, and immediately after
any Additional Shares of Common Stock are deemed issued pursuant to Section
6(c)(iii), such Additional Shares of Common Stock shall be deemed to be
outstanding. If such Additional Shares of Common Stock are issued for no
consideration, then the consideration per share shall be deemed to be $0.01.

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                                       12

         (v) DETERMINATION OF CONSIDERATION. For purposes of this Section 6(c),
the consideration received by the Company for the issuance of any Additional
Shares of Common Stock shall be computed as follows:

                         (1) CASH AND PROPERTY. Such consideration shall:

                             (A) insofar as it consists of cash, be computed as
the aggregate amount of cash received by the Company;

                             (B) insofar as it consists of property other than
cash, be computed at the fair value thereof at the time of such issuance as
determined in good faith by the Board; and

                             (C) in the event that Additional Shares of Common
Stock are issued together with other shares or securities or other assets of the
Company for consideration which covers both, be the proportion of such
consideration so received, computed as provided in clauses (A) and (B) above, as
determined in good faith by the Board.

                         (2) OPTIONS AND CONVERTIBLE SECURITIES. The
consideration per share received by the Company for Additional Shares of Common
Stock deemed to have been issued pursuant to Section 6(c)(iii), relating to
Options and Convertible Securities, shall be determined by dividing

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

                             (y) the maximum number of shares of Common Stock
(as set forth in the instruments relating thereto, without regard to any
provision contained therein for a subsequent adjustment of such number) issuable
upon the exercise of such Options or the conversion or exchange of such
Convertible Securities.

         (d) ADJUSTMENTS FOR STOCK DIVIDENDS, SUBDIVISIONS, COMBINATIONS, OR
CONSOLIDATIONS. In the event that the Company shall pay a stock dividend on the
Common Stock, or the outstanding shares of Common Stock shall be subdivided,
combined or consolidated, by reclassification, stock split or otherwise, into a
greater or lesser number

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                                       13

of shares of Common Stock, the Conversion Price in effect immediately prior to
such dividend, subdivision, combination or consolidation shall, concurrently
with the effectiveness of such dividend, subdivision, combination or
consolidation, be proportionately decreased or increased, as appropriate.

         (e) NO IMPAIRMENT. The Company will not, by amendment of its
Certificate of Incorporation or through any reorganization, transfer of assets,
merger, dissolution, issue or sale of securities or any other voluntary action,
avoid or seek to avoid the observance or performance of any of the terms to be
observed or performed hereunder by the Company but will at all times in good
faith assist in the carrying out of all of the provisions of this Section 6 and
in the taking of all such action as may be necessary or appropriate in order to
protect the Conversion Rights of the holders of the Series B Convertible
Preferred against impairment.

         (f) NOTICES OF RECORD DATE. In the event that the Company shall propose
at any time:

             (i) to declare any dividend or distribution upon its Common Stock,
whether in cash, property, stock or other securities, whether or not a regular
cash dividend and whether or not out of earnings or earned surplus;

             (ii) to offer for subscription pro rata to the holders of any class
or series of its stock any additional shares of stock of any class or series or
other rights;

             (iii) to effect any reclassification or recapitalization of its
Common Stock outstanding involving a change in the Common Stock; or

             (iv) to merge or consolidate with or into any other Company, or
sell, lease or convey all or substantially all of its property or business, or
to liquidate, dissolve or wind up;

then, in connection with each such event, the Company shall send to the holders
of the Series B Convertible Preferred Stock, if practicable:

                         (1) at least ten (10) days' prior written notice of the
terms of such contemplated action and the date on which a record shall be taken
for such dividend, distribution or subscription rights (and specifying the date
on which the holders of Common Stock shall be entitled thereto) or for
determining rights to vote in respect of the matters referred to in (iii) and
(iv) above; and

                         (2) in the case of the matters referred to in (iii) and
(iv) above, at least ten (10) days' prior written notice of the date when the
same shall take place.

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                                       14

         Each such written notice shall be given by first class mail, postage
prepaid, or by facsimile to the holders of Series B Convertible Preferred Stock
at the address or telephone number for each such holder as shown on the books of
the Company.

         7. REDEMPTION. (a) If, on or after the Redemption Date, the Series B
Convertible Preferred Stock has not been converted to Common Stock pursuant to
Section 6 hereof, the Company shall redeem all shares of Series B Convertible
Preferred Stock, out of funds legally available therefor, at a per share
redemption price equal to the Redemption Price. Any holder of the Series B
Convertible Preferred Stock shall have the right to convert his shares Series B
Convertible Preferred Stock to shares of Common Stock until the Redemption Date.
The Redemption Price of the shares of Series B Convertible Preferred Stock
redeemed pursuant to this Section 7, unless otherwise agreed upon by the holder
of such shares and the Company, shall be payable 100% in cash.

         (b) In the event that the Company shall be required to redeem the
shares of Series B Convertible Preferred Stock, a Company notice of such
redemption shall be given by first class mail, postage prepaid, or by facsimile
given not less than 10 nor more than 60 days prior to the Redemption Date, to
each holder of record of the shares to be redeemed, at such holder's address as
the same appears on the stock records of the Company. Each such notice shall
state: (i) the date of the Redemption Date; (ii) the Redemption Price; (iii) the
place or places where certificates for such shares are to be surrendered for
payment of the Redemption Price; (iv) that payment in cash will be made upon
presentation and surrender of such Series B Convertible Preferred Stock; (v)
that dividends on the shares to be redeemed shall cease to accrue immediately
after such redemption date; and (vi) that dividends accrued to and including the
date fixed for redemption will be paid as specified in said notice. Notice
having been given as aforesaid, immediately after the Redemption Date, (x)
dividends on the shares of Series B Convertible Preferred Stock so called for
redemption shall cease to accrue, (y) such shares shall be deemed no longer
outstanding and (z) all rights of the holders thereof as stockholders of the
Company (except the right to receive from the Company the moneys payable upon
redemption) shall cease.

         Upon surrender in accordance with such notice of the certificates for
any such shares so redeemed (properly endorsed or assigned for transfer, if the
Board shall so require and the notice shall so state), such shares shall be
redeemed by the Company at the Redemption Price and in the manner aforesaid.

         (c) Without the affirmative vote or consent of the holders of at least
a majority of all outstanding Series B Convertible Preferred Stock outstanding
at the time, the Series B Convertible Preferred Stock may not be redeemed except
as provided in this Section 7.

<PAGE>
                                       15

         8. REISSUANCE OF PREFERRED STOCK. Shares of Series B Convertible
Preferred Stock that have been issued and reacquired in any manner, including
shares purchased or redeemed or exchanged, shall (upon compliance with any
applicable provisions of the laws of Delaware) have the status of authorized but
unissued shares of Preferred Stock of the Company undesignated as to series and
may be designated or redesignated and issued or reissued, as the case may be, as
part of any series of preferred stock of the Company; PROVIDED that any issuance
of such shares as Series B Convertible Preferred Stock must be in compliance
with the terms hereof.

         9. RECORD HOLDERS. The Company and any transfer agent of the Company
may deem and treat the record holder of any shares of Series B Convertible
Preferred Stock as the true and lawful owner thereof for all purposes, and
neither the Company nor any such transfer agent shall be affected by any notice
to the contrary.

                                    * * * * *

         FURTHER RESOLVED, that the statements contained in the foregoing
resolution creating and designating the said Series B Convertible Preferred
Stock and fixing the number, powers, preferences and relative, optional,
participating, and other special rights and the qualifications, limitations,
restrictions, and other distinguishing characteristics thereof shall, upon the
issuance of said series, be deemed to be included in and be a part of the
Certificate of Incorporation of the Company pursuant to the provisions of
Delaware law.

<PAGE>
                                       16

                  IN WITNESS WHEREOF, the Company has caused this Corrected
Certificate to be executed this 18th day of May, 2000.

                                 C ME RUN CORP.

                                 By
                                   --------------------------------------------
                                   Name:
                                   Title:

ATTEST:

By:
   ---------------------------------
     Name:
     Title: Secretary<PAGE>

                                                                    Exhibit 10.1

                                WARRANT AGREEMENT

THIS WARRANT AND THE SECURITIES ISSUABLE UPON EXERCISE HEREOF HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933 NOR REGISTERED OR QUALIFIED UNDER
THE SECURITIES OR BLUE SKY LAWS OF ANY STATE. THIS WARRANT AND THE SECURITIES
ISSUABLE UPON EXERCISE HEREOF ARE BEING OFFERED PURSUANT TO A SAFE HARBOR FROM
REGISTRATION UNDER REGULATION S PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED (THE "ACT"). THE SECURITIES ARE "RESTRICTED" AND MAY NOT BE OFFERED OR
SOLD IN THE UNITED STATES OR TO U.S. PERSONS (AS SUCH TERM IS DEFINED IN
REGULATION S PROMULGATED UNDER THE ACT) UNLESS THE SECURITIES ARE REGISTERED
UNDER THE ACT, PURSUANT TO REGULATION S OR PURSUANT TO AVAILABLE EXEMPTIONS FROM
THE REGISTRATION REQUIREMENTS OF THE ACT AND THE SELLER WILL BE PROVIDED WITH
OPINION OF COUNSEL OR OTHER SUCH INFORMATION AS IT MAY REASONABLY REQUIRE TO
CONFIRM THAT SUCH EXEMPTIONS ARE AVAILABLE. FURTHER HEDGING TRANSACTIONS
INVOLVING THE SECURITIES MAY NOT BE MADE EXCEPT IN COMPLIANCE WITH THE ACT.

                                 C ME RUN CORP.

                            Warrant for the Purchase
                            of Shares of Common Stock
January 12, 2000                                                1,000,000 Shares

            FOR VALUE RECEIVED, C Me Run Corp., a Delaware corporation (the
"Company"), hereby certifies that Hammock Group Ltd., a corporation incorporated
under the laws of the British Virgin Islands (the "Holder"), is entitled,
subject to the provisions of this Warrant, to purchase from the Company, at any
time or from time to time during the applicable Exercise Period (as hereinafter
defined) the number of fully paid and nonassessable shares of common stock of
the Company, par value $0.01 per share (the "Common Stock"), set forth above at
the applicable Exercise Price (as hereinafter defined).

            The number and character of shares of Common Stock or other
securities to be received upon exercise of this Warrant are subject to
adjustment in accordance with the provisions herein (including without
limitation Sections 7 and 8).

<PAGE>

            For purposes of this Warrant, "Warrant Shares" means the shares of
Common Stock deliverable upon exercise of this Warrant, as adjusted from time to
time. Unless the context requires otherwise all references to Common Stock and
Warrant Shares in this Warrant shall, in the event of an adjustment pursuant to
Section 7 hereof, be deemed to refer also to any securities or property then
issuable upon exercise of this Warrant as a result of such adjustment.

            Section 1. Exercise of Warrant. This Warrant may be exercised, as a
whole or in part, at any time or from time to time during the applicable
Exercise Period (as hereinafter defined) or, if such day is a day on which
banking institutions in New York City are authorized by law to close, then on
the next succeeding day that shall not be such a day, by presentation and
surrender hereof to the Company at its principal office at the address set forth
on the signature page hereof (or at such other address as the Company may
hereafter notify the Holder in writing), or at the office of its stock transfer
agent or warrant agent, if any, with the Purchase Form annexed hereto duly
executed and accompanied by proper payment of the aggregate applicable Exercise
Price in lawful money of the United States of America in the form of a certified
or cashier's check to the order of C Me Run Corp. or by wire transfer of same
day funds, for the number of Warrant Shares specified in such form. If this
Warrant should be exercised in part only, the Company shall, upon surrender of
this Warrant, execute and deliver a new Warrant evidencing the rights of the
Holder thereof to purchase the balance of the Warrant Shares purchasable
hereunder. Upon receipt by the Company of this Warrant and such Purchase Form,
together with the aggregate applicable Exercise Price (as hereinafter defined)
for the number of Warrant Shares specified in such Purchase Form, at such
office, or by the stock transfer agent or warrant agent of the Company, if any,
at its office, the Company or the stock transfer agent or warrant agent, if any,
shall issue and deliver to or upon the written order of the Holder and in such
name or names as the Holder may designate, a certificate or certificates for the
Warrant Shares. Such certificate or certificates shall be deemed to have been
issued and any person so designated to be named therein shall be deemed to have
become the holder of record of such Warrant Shares as of the date of the
surrender of this Warrant, notwithstanding that the stock transfer books of the
Company shall then be closed or that certificates representing such Warrant
Shares shall not then be actually delivered to the Holder or its designee. The
Company shall pay any and all documentary stamp or similar issue or transfer
taxes payable in respect of the issue or delivery of the Warrant Shares.
Notwithstanding the foregoing, the Exercise Price may be paid by surrendering a
part of the Warrant having an aggregate Spread equal to the aggregate Exercise
Price of the part Warrant being exercised. With respect to the Warrant, "Spread"
means the Current Market Value of the Warrant Shares issuable upon exercise of
such part of the Warrant less the Exercise Price of such part of the Warrant, in
each case as adjusted as provided herein.

<PAGE>

            Section 2. Exercise Period and Exercise Price.

                  (a) This Warrant shall be exercisable during the period (the
"Exercise Period") beginning the date of execution of this Warrant Agreement
(the "Initial Exercise Date") and ending at 5:00 p.m. (New York City time) on a
date forty-eight (48) months from the execution of this Warrant Agreement (the
"Termination Date").

                  (b) "Exercise Price" means $1.00 per share, subject to
adjustment as herein provided.

             Section 3. Reservation of Shares. The Company hereby agrees that at
all times there shall be reserved for issuance and delivery upon exercise of
this Warrant all shares of its Common Stock or other shares of capital stock of
the Company or other property from time to time issuable upon exercise of this
Warrant. All such shares shall be duly authorized and, when issued upon such
exercise in accordance with the terms of this Warrant, shall be validly issued,
fully paid and nonassessable, free and clear of all liens, security interests,
charges and other encumbrances or restrictions on sale (other than any
restrictions on sale pursuant to applicable federal and state securities laws)
and free and clear of all preemptive rights.

            Section 4. Fractional Shares. The Company shall not be required to
issue fractional shares of Common Stock on the exercise of this Warrant. If any
fraction of a share of Common Stock would, except for the provisions of this
Section 4, be issuable on the exercise of this Warrant (or specified portion
thereof), the Company shall pay an amount in cash calculated by it to be equal
to the then Current Market Value (as hereinafter defined) per share of Common
Stock multiplied by such fraction computed to the nearest whole cent. For the
purposes of any computation under this Warrant, the Current Market Value per
share of Common Stock or of any other equity security (herein collectively
referred to as a "security") at the date herein specified shall be:

            (i) if the security is not registered under the Securities Exchange
      Act of 1934, as amended (the "Exchange Act"), the "Current Market Value"
      per share of the security shall be determined in good faith by the Board
      of Directors of the Company, or

            (ii) if the security is registered under the Exchange Act, the
      "Current Market Value" per share of the security shall be deemed to be the
      average of the daily market prices of the security for the 10 consecutive
      trading days immediately preceding the day as of which Current Market
      Value is being determined or, if the security has been registered under
      the Exchange Act for less than 10 consecutive trading days before such
      date, then the average of the daily market prices for all of the trading
      days before such date for which daily market prices are available. The
      market price for each such trading

<PAGE>

      day shall be: (A) in the case of a security listed or admitted to trading
      on any securities exchange, the closing price on the primary exchange on
      which the Common Stock is then listed, on such day, or if no sale takes
      place on such day, the average of the closing bid and asked prices on such
      day, (B) in the case of a security not then listed or admitted to trading
      on any securities exchange, the last reported sale price on such day, or
      if no sale takes place on such day, the average of the closing bid and
      asked prices on such day, as reported by a reputable quotation source
      designated by the Company, (C) in the case of a security not then listed
      or admitted to trading on any securities exchange and as to which no such
      reported sale price or bid and asked prices are available, the average of
      the reported high bid and low asked prices on such day, as reported by a
      reputable quotation service, or a newspaper of general circulation in the
      Borough of Manhattan, City and State of New York, customarily published on
      each business day, designated by the Company, or if there shall be no bid
      and asked prices on such day, the average of the high bid and low asked
      prices, as so reported, on the most recent day (not more than 10 days
      prior to the date in question) for which prices have been so reported, and
      (D) if there are no bid and asked prices reported during the 10 days prior
      to the date in question, the Current Market Value of the security shall be
      determined as if the security were not registered under the Exchange Act.

            Section 5. Exchange, Transfer, Assignment or Loss of Warrant.

                  (a) This Warrant is exchangeable, without expense, at the
option of the Holder, upon presentation and surrender hereof to the Company or
at the office of its stock transfer agent or warrant agent, if any, for other
warrants of different denomination, entitling the Holder thereof to purchase in
the aggregate the same number of Warrant Shares and otherwise carrying the same
rights as this Warrant.

                  (b) This Warrant may be divided or combined by the Holder with
other warrants that carry the same rights upon presentation hereof at the office
of the Company or at the office of its stock transfer agent or warrant agent, if
any, together with a written notice specifying the names and denominations in
which new warrants are to be issued and signed by the Holder hereof. The term
"Warrant" as used herein includes any warrants into which this Warrant may be
divided or for which it may be exchanged.

                  (c) Upon receipt by the Company of evidence satisfactory to it
of the loss, theft, destruction or mutilation of this Warrant, and (in the case
of loss, theft or destruction) of reasonably satisfactory indemnification, and
upon surrender and cancellation of this Warrant, if mutilated, the Company shall
execute and deliver a new Warrant of like tenor and date.

<PAGE>

            Section 6. Rights of the Holder. The Holder shall not, by virtue
hereof, be entitled to any rights of a stockholder in the Company, either at law
or in equity, and the rights of the Holder are limited to those expressed in
this Warrant.

            Section 7. Antidilution Provisions and Other Adjustments.

                  (a) Special Definitions. For purposes of this Section 7, the
following definitions shall apply:

            (i) "Options" shall mean rights, options or warrants to subscribe
      for, purchase or otherwise acquire either Common Stock or Convertible
      Securities.

            (ii) "Convertible Securities" shall mean any evidences of
      indebtedness, shares (other than Common Stock) or other securities
      convertible into or exchangeable for Common Stock.

            (iii) "Original Issue Date" shall mean the Initial Exercise Date.

            (iv) "Additional Shares of Common Stock" shall mean all shares of
      Common Stock (i) issued (or, pursuant to Section 6(c)(iii), deemed to be
      issued) by the Company after the Original Issue Date, or (ii) sold or
      exchanged by the Company in conjunction with an acquisition of the Company
      after the Original Issue Date, other than shares of Common Stock issued or
      issuable:

                  (A) upon exercise of this Warrant;

                  (B) to employees, officers or directors of, or consultants to,
            the Company pursuant to a stock grant, option plan, purchase plan or
            other employee stock incentive program (collectively, the "Plans")
            or any other agreement so long as any such Plans or agreements are
            unanimously approved by the Board;

                  (C) by way of dividend or other distribution on shares of
            Common Stock excluded from the definition of Additional Shares of
            Common Stock by the foregoing clauses (A) and (B) or on shares of
            Common Stock so excluded;

                  (b) No Adjustment of Exercise Price. No adjustment in the
Exercise Price for the Warrant Shares shall be made in respect of the issuance
of Additional Shares of Common Stock unless the consideration per share for an
Additional Share of Common Stock issued or deemed to be issued by the Company is
less than the Exercise Price for such Warrant Shares in effect on the date of,
and immediately prior to such issue, for such Warrant Share.

<PAGE>

                  (c) Deemed Issue of Additional Shares of Common Stock. In the
event that the Company at any time or from time to time after the Original Issue
Date shall issue any Options or Convertible Securities or shall fix a record
date for the determination of holders of any class of securities entitled to
receive any such Options or Convertible Securities, then the maximum number of
shares (as set forth in the instrument relating thereto without regard to any
provisions contained therein for a subsequent adjustment of such number) of
Common Stock issuable upon the exercise of such Options or, in the case of
Convertible Securities and Options therefor, the conversion or exchange of such
Convertible Securities, shall be deemed to be Additional Shares of Common Stock
issued as of the time of such issue or, in case such a record date shall have
been fixed, as of the close of business on such record date, provided that
Additional Shares of Common Stock shall not be deemed to have been issued unless
the consideration per share (determined pursuant to Section 7(e) hereof) of such
Additional Shares of Common Stock would be less than the Exercise Price for the
Warrant Shares in effect on the date of and immediately prior to such issue, or
such record date, as the case may be, and provided further that in any such case
in which Additional Shares of Common Stock are deemed to be issued:

            (i) no further adjustment in the Exercise Price for the Warrant
      Shares shall be made upon the subsequent issue of Convertible Securities
      or shares of Common Stock upon the exercise of such Options or conversion
      or exchange of such Convertible Securities;

            (ii) if such Options or Convertible Securities by their terms
      provide, with the passage of time or otherwise, for any increase in the
      consideration payable to the Company, or decrease in the number of shares
      of Common Stock issuable, upon the exercise, conversion or exchange
      thereof, the Exercise Price for the Warrant Shares computed upon the
      original issue thereof (or upon the occurrence of a record date with
      respect thereto), and any subsequent adjustments based thereon, shall,
      upon any such increase or decrease becoming effective, be recomputed to
      reflect such increase or decrease insofar as it affects such Options or
      the rights of conversion or exchange under such Convertible Securities;
      and

            (iii) on the expiration or cancellation of any Options or the
      termination of the right to convert or exchange any Convertible Securities
      which shall have not been exercised, if the Exercise Price shall have been
      adjusted upon the original issuance thereof or shall have been
      subsequently adjusted pursuant to clause (ii) above, the Exercise Price
      shall be recomputed as if:

                  (A) in the case of Convertible Securities or Options for
            Common

<PAGE>

            Stock, the only Additional Shares of Common Stock issued were shares
            of Common Stock, if any, actually issued upon the exercise of such
            Options or the conversion or exchange of such Convertible
            Securities, and the consideration received therefor was the
            consideration actually received by the Company for the issuance of
            all such Options, whether or not exercised, plus the consideration
            actually received by the Company upon such exercise, or for the
            issuance of all such Convertible Securities which were actually
            converted or exchanged plus the consideration actually received by
            the Company upon such conversion or exchange, if any, and

                  (B) in the case of Options for Convertible Securities, only
            the Convertible Securities, if any, actually issued upon the
            exercise thereof were issued at the time of issue of such Options
            and the consideration received by the Company for the Additional
            Shares of Common Stock deemed to have been then issued was the
            consideration actually received by the Company for the issuance of
            all such Options, whether or not exercised, plus the consideration
            deemed to have been received by the Company upon the issuance of the
            Convertible Securities with respect to which such Options were
            actually exercised;

            (iv) no readjustment pursuant to clause (ii) or (iii) above shall
      have the effect of increasing the Exercise Price to an amount which
      exceeds the Exercise Price on the original adjustment date.

                  (d) Adjustment of Exercise Price Upon Issuance of Additional
Shares of Common Stock. In the event that the Company shall issue Additional
Shares of Common Stock (including Additional Shares of Common Stock deemed to be
issued pursuant to Section 7(c)) without consideration or for a consideration
per share less than the Exercise Price of any Warrant Shares in effect on the
date of and immediately prior to such issue, then and in such event, the
Exercise Price shall be reduced, concurrently with such issuance with respect to
the Warrant Shares, to a price (calculated to the nearest cent) determined by
multiplying the Exercise Price by a fraction (x) the numerator of which shall be
the sum of (1) the number of shares of Common Stock outstanding immediately
prior to such issuance, plus (2) the number of shares of Common Stock which the
aggregate consideration received by the Company for the total number of
Additional Shares of Common Stock so issued would purchase at such Exercise
Price and (y) the denominator of which shall be (1) the number of shares of
Common Stock outstanding immediately prior to such issuance plus (2) the number
of such Additional Shares of Common Stock so issued; provided that, for the
purposes of this Section 7(e), all shares of Common Stock issuable (i) upon
exercise of this Warrant, (ii) upon conversion of all outstanding Convertible
Securities, and (iii) upon the exercise of all outstanding Options, shall be
deemed to be outstanding, and immediately after any Additional Shares of Common
Stock are deemed issued

<PAGE>

pursuant to Section 6(c)(iii), such Additional Shares of Common Stock shall be
deemed to be outstanding. If such Additional Shares of Common Stock are issued
for no consideration, then the consideration per share shall be deemed to be
$0.01.

                  (e) Determination of Consideration. For purposes of this
Section 7, the consideration received by the Company for the issuance of any
Additional Shares of Common Stock shall be computed as follows:

            (i) Cash and Property. Such consideration shall:

                  (A) insofar as it consists of cash, be computed as the
            aggregate amount of cash received by the Company;

                  (B) insofar as it consists of property other than cash, be
            computed at the fair value thereof at the time of such issuance as
            determined in good faith by the Board; and

                  (C) in the event that Additional Shares of Common Stock are
            issued together with other shares or securities or other assets of
            the Company for consideration which covers both, be the proportion
            of such consideration so received, computed as provided in clauses
            (A) and (B) above, as determined in good faith by the Board.

            (ii) Options and Convertible Securities. The consideration per share
      received by the Company for Additional Shares of Common Stock deemed to
      have been issued pursuant to Section 6(c)(iii), relating to Options and
      Convertible Securities, shall be determined by dividing

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

                  (y)   the maximum number of shares of Common Stock (as set
                        forth in

<PAGE>

                        the instruments relating thereto, without regard to any
                        provision contained therein for a subsequent adjustment
                        of such number) issuable upon the exercise of such
                        Options or the conversion or exchange of such
                        Convertible Securities.

                  (f) Adjustments for Stock Dividends, Subdivisions,
Combinations, or Consolidations. In the event that the Company shall pay a stock
dividend on the Common Stock, or the outstanding shares of Common Stock shall be
subdivided, combined or consolidated, by reclassification, stock split or
otherwise, into a greater or lesser number of shares of Common Stock, the
Exercise Price in effect immediately prior to such dividend, subdivision,
combination or consolidation shall, concurrently with the effectiveness of such
dividend, subdivision, combination or consolidation, be proportionately
decreased or increased, as appropriate.

            Section 8. Reclassification, Reorganization, Consolidation or
Merger. In the event of any reclassification, capital reorganization or other
change of outstanding shares of Common Stock of the Company (other than a
subdivision or combination of the outstanding Common Stock, a change in the par
value of the Common Stock or a transaction subject to Section 7) or in the event
of any consolidation or merger of the Company with or into another corporation
(other than a merger in which merger the Company is the continuing corporation
and that does not result in any reclassification, capital reorganization or
other change of outstanding shares of Common Stock of the class issuable upon
exercise of this Warrant) or in the event of any sale, lease, transfer or
conveyance to another corporation of the property and assets of the Company as
an entirety or substantially as an entirety, the Company shall, as a condition
precedent to such transaction, cause effective provisions to be made so that
such other corporation shall assume all of the obligations of the Company
hereunder and the Holder shall have the right thereafter, by exercising this
Warrant, to purchase the kind and amount of shares of stock and other securities
and property (including cash) receivable upon such reclassification, capital
reorganization and other change, consolidation, merger, sale, lease, transfer or
conveyance by a holder of the number of shares of Common Stock that might have
been received upon exercise of this Warrant immediately prior to such
reclassification, capital reorganization, change, consolidation, merger, sale,
lease or conveyance. Any such provision shall include provision for adjustments
in respect of such shares of stock and other securities and property that shall
be as nearly equivalent as may be practicable to the adjustments provided for in
this Warrant. The foregoing provisions of this Section 8 shall similarly apply
to successive reclassification, capital reorganizations and changes of shares of
Common Stock and to successive changes, consolidations, mergers, sales, leases,
transfers or conveyances. In the event that in connection with any such capital
reorganization, or reclassification, consolidation, merger, sale, lease,
transfer or conveyance, additional shares of Common Stock shall be issued in
exchange, conversion, substitution or payment, as a whole or in part, for, or
of, a security of the

<PAGE>

Company other than Common Stock, any such issue shall be treated as an issue of
Common Stock covered by the provisions of Section 7(a).

            Section 9. Transfer to Comply with the Securities Act. Neither this
Warrant, nor any of the Warrant Shares, nor any interest therein, may be sold,
assigned, pledged, hypothecated, encumbered or in any other manner transferred
or disposed of, as a whole or in part, except in compliance with applicable
United States federal and state securities or Blue Sky laws and the terms and
conditions hereof. Each Warrant shall bear a legend in substantially the same
form as the legend set forth on the first page of this initial Warrant. Each
certificate for Warrant Shares issued upon exercise of this Warrant, unless at
the time of exercise such exercise is registered under the Securities Act of
1933, as amended (the "Securities Act"), shall bear a legend substantially in
the following form:

            THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN
            REGISTERED UNDER THE SECURITIES ACT OF 1933 NOR REGISTERED OR
            QUALIFIED UNDER THE SECURITIES OR BLUE SKY LAWS OF ANY STATE. THE
            SECURITIES ARE "RESTRICTED" AND MAY NOT BE OFFERED OR SOLD IN THE
            UNITED STATES OR TO U.S. PERSONS (AS SUCH TERM IS DEFINED IN
            REGULATION S PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS
            AMENDED (THE "ACT")) UNLESS THE SECURITIES ARE REGISTERED UNDER THE
            ACT, PURSUANT TO REGULATION S OR PURSUANT TO AVAILABLE EXEMPTIONS
            FROM THE REGISTRATION REQUIREMENTS OF THE ACT AND THE SELLER WILL BE
            PROVIDED WITH OPINION OF COUNSEL OR OTHER SUCH INFORMATION AS IT MAY
            REASONABLY REQUIRE TO CONFIRM THAT SUCH EXEMPTIONS ARE AVAILABLE.
            FURTHER HEDGING TRANSACTIONS INVOLVING THE SECURITIES MAY NOT BE
            MADE EXCEPT IN COMPLIANCE WITH THE ACT.

Any certificate for any Warrant Shares issued at any time in exchange or
substitution for any certificate for any Warrant Shares bearing such legend
(except a new certificate for any Warrant Shares issued after registration of
such Warrant Shares under the Securities Act) shall also bear such legend
unless, in the opinion of counsel for the Company, the Warrant Shares
represented thereby need no longer be subject to the restriction contained
herein. The provisions of this Section 9 shall be binding upon all subsequent
holders of certificates for Warrant Shares bearing

<PAGE>

the above legend and all subsequent Holders of this Warrant, if any. Warrant
Shares sold pursuant to a Registration Statement under the Securities Act
pursuant to Section 12, sold by the holder thereof in compliance with Rule 904
of the Securities Act or sold by the holder thereof in compliance with Rule 144
under the Securities Act shall thereafter cease to be deemed to be "Warrant
Shares" for all purposes of this Warrant.

            Section 10. Listing on Securities Exchanges. On or before the
Initial Exercise Date, the Company shall list on each national securities
exchange on which any Common Stock may at any time be listed, including, for the
purpose of this Section 10, the New York Stock Exchange, subject to official
notice of issuance upon the exercise of this Warrant, all shares of Common Stock
from time to time issuable upon exercise of this Warrant and the Company shall
maintain, so long as any other shares of its Common Stock shall be so listed,
all shares of Common Stock from time to time issuable upon the exercise of this
Warrant; and the Company shall so list on each national securities exchange, and
shall maintain such listing of, any other shares of capital stock of the Company
issuable upon the exercise of this Warrant if and so long as any shares of
capital stock of the same class shall be listed on such national securities
exchange by the Company. Any such listing shall be at the Company's expense.

            Section 11. Availability of Information. The Company shall comply
with the reporting requirements of Sections 13 and 15(d) of the Exchange Act to
the extent it is required to do so under the Exchange Act, and shall likewise
comply with all other applicable public information reporting requirements of
the Securities and Exchange Commission (including those required to make
available the benefits of Rule 144 under the Securities Act) to which it may
from time to time be subject. The Company shall also cooperate with the holder
of this Warrant and the holder of any Warrant Shares in supplying such
information as may be necessary for such holder to complete and file any
information reporting forms currently or hereafter required by the Commission as
a condition to the availability of Rule 144 or any successor rule under the
Securities Act for the sale of this Warrant or the Warrant Shares. The
provisions of this Section 11 shall survive termination of this Warrant, whether
upon exercise of this Warrant in full or otherwise. The Company shall also
provide to holders of this Warrant the same information that it provides to
holders of its Common Stock.

            Section 12. Registration Rights. Registration rights with respect to
this Warrant and the Warrant Shares shall be governed by the Registration Rights
Agreement, dated as of the date hereof, by and between the Company and the
Holder, as such agreement may be amended from time to time by the parties
thereto in accordance with Section 3.04 thereof.

            Section 13. Successors and Assigns. All the provisions of this
Warrant by or for the benefit of the Company or the Holder shall bind and inure
to the benefit of their respective successors, assigns, heirs and personal
representatives.

<PAGE>

            Section 14. Headings. The headings of sections of this Warrant have
been inserted for convenience of reference only, are not to be considered a part
hereof and shall in no way modify or restrict any of the terms or provisions
hereof.

            Section 15. Amendments. This Warrant may not be amended except by
the written consent of the Company and the Holder.

            Section 16. Notices. Unless otherwise provided in this Warrant, any
notice or other communication or mailing required or permitted to be made or
given to any party hereto pursuant to this Warrant shall be deemed made or given
if delivered by hand on the date of such delivery to such party or, if mailed,
on the fifth day after the date of mailing, if sent to such party by certified
or registered mail or air mail, postage prepaid, addressed to it (in the case of
the Holder) at its address at Hammock Group Ltd., c/o Voyageur Financial
Services, 129 Front Street, Penthouse, Hamilton, Bermuda, Attention: Chief
Executive Officer, or (in the case of the Company) at its address at C Me Run
Corp., 5501 Lakeview Drive, Kirkland, Washington 98033, Attention: Chief
Executive Officer, or to such other address as is designated by written notice,
similarly given to each other party hereto.

                     [REMAINDER OF THE PAGE INTENTIONALLY LEFT BLANK]
<PAGE>

            Section 17. Governing Law; Jurisdiction. This Warrant shall be
governed by and interpreted in accordance with the laws of the State of
Delaware; provided, however, (i) that if any provision of this Agreement is
unenforceable under the laws of the State of Delaware, but is enforceable under
the laws of the Province of Ontario, Canada, then such provision shall be
governed by and interpreted in accordance with the laws of the Province of
Ontario; and (ii) that the exemption from the registration requirements of the
Securities Act for the sale shall be governed by Rule 903 of the Securities Act.
The parties agree that the courts of the Province of Ontario, Canada, shall have
exclusive jurisdiction and venue for the adjudication of any civil action
between them arising out of relating to this Agreement, and hereby irrevocably
consent to such jurisdiction and venue.

            IN WITNESS WHEREOF, the parties hereto have caused this Agreement
to be duly executed, as of the day and year first above written.

                                      C ME RUN CORP.

                                      By: /s/ Warren Talbot
                                          -----------------------------------
                                          Name: Warren Talbot
                                          Title: President

                          Acknowledgement and Agreement

      By signing below, the Holder of this Warrant does hereby acknowledge
receipt hereof and does hereby agree to be bound by the terms and conditions
hereof.

                                      HAMMOCK GROUP LTD.

                                      By: Voyageur Financial Services

                                      By:
                                          -----------------------------------
                                          Name:  Paul Lemmon
                                          Title: Administrator

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