Document:

surfnet427exhibit2004

                          REGISTRATION RIGHTS AGREEMENT

This Registration Rights Agreement (this "Agreement") is entered into as of
February 16, 2004 (the "Effective Date") by and between Murray Zung, M.D., a New
York resident (the "Investor") and SurfNet Media Group, Inc., a Delaware
corporation (the "Company").

                                    Recitals

        A. The Investor has purchased 230,769 shares of the $.0001 common stock
           of the Company and, pursuant to a Warrant from the Company of even
           date herewith has the right to purchase an additional 230,769 shares
           on or before ninety (90) days from the date hereof (or if the Investor
           fails to purchase an additional 230,769 shares by such date, to
           purchase in lieu thereof an additional 100,000 shares of the $.001
           common stock on the terms set forth in the Warrant by September 15,
           2003) (the "Registrable Shares");

        B. The execution and delivery of this Agreement is a material inducement
           and consideration to the Investor to enter into the purchase of the
           Registrable Shares and a condition to the transactions contemplated
           hereby.

                                   Agreement

In consideration of the foregoing premises and the representations, warranties,
and covenants set forth in this Agreement, the Investor and the Company hereby
agree as follows:

                                       1.
                                  DEFINITIONS

Capitalized terms used in this Agreement and not otherwise defined herein or in
the Stockholder Agreement shall have the respective meanings set forth below.

"ADVERSE DISCLOSURE" means public disclosure of material non-public information
relating to a Significant Transaction, which disclosure, in the good faith
judgment of a majority of the directors of the Company ("Company Directors"),
(i) would be required to be made in any registration statement filed with the
Commission by the Company so that such registration statement would not be
materially misleading; and (ii) would have an adverse effect on the Company's
ability to complete such Significant Transaction, or the terms upon which such
Significant Transaction can be completed.

"COMMISSION" means the Securities and Exchange Commission.

"REGISTRATION" has the meaning set forth in Section 2.1.

                                       1

"REGISTER," "REGISTERED" and "REGISTRATION" refer to a registration effected by
preparing and filing of an appropriate registration statement with the
Commission in compliance with the Securities Act.

"REGISTRABLE SHARES" means (i) the shares of Common Stock acquired by the
Investor. All Registrable Shares shall cease to be Registrable Shares when
transferred to any person or entity other than permitted transferees in
accordance with the terms of this Agreement, or (a) when sold in a registered
public offering or in accordance with Rule 144 promulgated by the Commission
under the Securities Act, or (b) when permitted to be sold in accordance with
Rule 144(k).

"REGISTRATION EXPENSES" means all expenses, except Selling Expenses, incurred by
the Company in complying with Article 2, including, without limitation, all
registration, qualification and filing fees, printing expenses, escrow fees,
fees and disbursements of counsel for the Company, blue sky fees and expenses,
and the expense of any special audits incident to or required by any such
registration.

"SELLING EXPENSES" means all selling commissions, and stock transfer taxes
applicable to the sale of the Registrable Shares.

"SIGNIFICANT TRANSACTION" means a pending or imminent material acquisition,
disposition, financing, corporate reorganization or other business combination
or divestiture transaction.

                                   ARTICLE 2
                                 REGISTRATIONS

2.1 REQUEST FOR REGISTRATION. At any time after the date hereof, if the Company
    proposes to register any Common Stock for sale solely for cash, either for
    its own account or for the account of a stockholder or stockholders (a
    "Company Registration"), then the Company shall give the Investor written
    notice of its intention to do so and of the intended method of sale not
    fewer than 15 days prior to the anticipated filing date of the registration
    statement effecting such Company Registration. The Investor may request
    inclusion of any Registrable Shares in such Company Registration by
    delivering to the Company, within 10 days after receipt of the Company's
    notice, a written notice stating the number of Registrable Shares proposed
    to be included and that such shares are to be included only on the same
    terms and conditions as the shares of Common Stock otherwise being sold by
    the Company under such Registration. The Company shall include in the
    Company Registration and any related offering all Registrable Shares
    specified in the Investor's notice.

2.2 LIMITATIONS ON REGISTRATIONS. The Company's obligation to include
    Registrable Shares in the Company Registration pursuant to Section 2.1
    shall be subject to the following limitations:

                                       2

        2.2.1 The Company shall not be obligated to include any Registrable Shares
              in a registration statement (i) filed on Form S-4 or FormS-8 or such
              other similar successor forms then in effect under the Securities Act,
              (ii) pursuant to which the Company is offering to exchange its own
              securities, or (iii) relating to dividend reinvestment plans.

                                   ARTICLE 3
                      REGISTRATION PROCEDURES AND EXPENSE

3.1. REGISTRATION PROCEDURES. If and whenever the Company is required pursuant
     to this Agreement to use its reasonable efforts to effect the registration
     of any of the Registrable Shares, the Investor shall furnish in writing
     such information regarding the Investor and its Affiliates, the Registrable
     Shares being registered and offered, and the intended method of
     distribution of such Registrable Shares as is reasonably requested by the
     Company for inclusion in the registration statement relating to such
     offering pursuant to the Securities Act and the rules of the Commission
     thereunder, and the Company shall, as expeditiously as reasonably
     practicable:

        3.1.1 prepare and file with the Commission a registration statement
              (including a prospectus therein) with respect to such securities and
              use its reasonable efforts to cause such registration statement to
              become and remain effective for such period as may be necessary to
              permit the successful marketing of such securities, but not exceeding
              120 days for an offering in connection with a Demand Registration, or,
              with regard to an offering in connection with a Company Registration,
              for the period associated with such offering;

        3.1.2 prepare and file with the Commission such amendments and supplements
              to such registration statement and the prospectus used in connection
              therewith as may be necessary to comply with the Securities Act and
              the rules of the Commission thereunder; and to keep such registration
              statement effective for that period of time specified in Section
              3.1.1;

        3.1.3 furnish to the Investor such number of prospectuses and preliminary
              prospectuses in conformity with the requirements of the Securities
              Act, and such other documents as the Investor may reasonably request
              in order to facilitate the public sale or other disposition of the
              Registrable Shares being sold;

        3.1.4 furnish to the Investor a signed counterpart, addressed to the
              Investor, if any, of (i) a letter from the independent certified
              public accountants of the Company providing substantially that such
              accountants are independent certified public accountants within the
              meaning of the Securities Act and that in the opinion of such
              accountants, the financial statements and other financial data of the
              Company included in the registration statement and the prospectus, and
              any amendment or supplement thereto, comply as to form in all material
              respects with the applicable accounting requirements of the Securities
              Act, and (ii) an opinion of outside legal counsel to the Company,

                                       3

              dated the effective date of the registration statement, covering
              substantially the same matters with respect to the registration
              statement and the prospectus included therein as are customarily
              covered (at the time of such registration) in the opinions of issuer's
              counsel in comparable underwritten public offerings;

        3.1.5 use its reasonable efforts to register or qualify the Registrable
              Shares covered by such registration statement under such securities or
              blue sky laws of such jurisdictions within the United States as the
              Investor shall reasonably request; provided, however, that the Company
              shall not be required to qualify generally to do business in any
              jurisdiction where it is not then so qualified, or to take any action
              that would subject it to general service of process in any such
              jurisdiction where it is not then so subject, or subject the Company
              to any tax in any such jurisdiction where it is not then so subject;

        3.1.6 cause all such Registrable Shares to be listed on each securities
              exchange on which similar securities issued by the Company are then
              listed;

        3.1.7 provide a transfer agent and registrar for all such Registrable
              Shares not later than the effective date of such registration
              statement;

        3.1.8 make available for inspection by the Investor and its attorneys, and
              any accountant or other agent retained by the Investor, all financial
              and other records, pertinent documents and properties of the Company,
              and cause the Company's Affiliates (to the extent it controls such
              Affiliates), employees, and agents to supply all information
              reasonably requested by the Investor and any such attorney, accountant
              or agent in connection with the preparation of such registration
              statement.

3.2. EXPENSES. The Company shall pay all Registration Expenses, except as may be
     required to update any registration statement kept effective for more than
     the period of time required by Section 3.1.1.

                                   ARTICLE 4
                                INDEMNIFICATION

4.1. INDEMNIFICATION BY THE COMPANY. In the event of a registration of any
     Registrable Shares pursuant to this Agreement, the Company shall indemnify
     and hold harmless each seller of Registrable Shares, and each person, if
     any, who controls such seller, and each officer, director, employee and
     advisor of each of the foregoing (each an "Investor Indemnitee"), against
     any expenses, losses, claims, damages or liabilities, joint or several, to
     which such Investor Indemnitee may become subject under the Securities Act,
     any state securities law or otherwise, including any of the foregoing
     incurred in settlement of any litigation, commenced or threatened, insofar
     as such expenses, losses, claims, damages or liabilities (or actions in
     respect thereof) arise out of or are based upon (i)any untrue statement or
     alleged untrue statement of any material fact contained in any registration

                                       4

     statement under which such shares are registered under the Securities Act,
     any preliminary prospectus or final prospectus contained therein, any
     summary prospectus used in connection with any securities being registered,
     or any amendment or supplement thereto; or (ii) any omission or alleged
     omission to state therein a material fact required to be stated therein or
     necessary to make the statements therein, in light of the circumstances
     under which they were made, not misleading; or (iii) any violation by the
     Company of the Securities Act or rules of the Commission thereunder or any
     blue sky laws or any rules promulgated thereunder, and shall reimburse each
     such Indemnitee for any legal or any other expenses reasonably incurred by
     them in connection with investigating or defending any such loss, claim,
     damage, liability or action; provided, however, that the Company shall not
     be liable in any such case to the extent that any such expense, loss,
     claim, damage or liability arises out of or is based upon an untrue
     statement or alleged untrue statement or omission or alleged omission made
     in such registration statement, said preliminary prospectus or said
     prospectus or summary prospectus or said amendment or supplement in
     reliance upon and in conformity with written information furnished to the
     Company by or on behalf of the Investor specifically for use in the
     preparation thereof; and provided, further, that if any expenses, losses,
     claims, damages or liabilities arise out of or are based upon an untrue
     statement, alleged untrue statement, omission or alleged omission contained
     in any preliminary prospectus which did not appear in the final prospectus,
     the Company shall not have any liability with respect thereto to any
     Investor Indemnitee if any Investor Indemnitee delivered a copy of the
     preliminary prospectus to the person alleging such expenses, losses,
     claims, damages or liabilities and failed to deliver a copy of the final
     prospectus as amended or supplemented if it has been amended or
     supplemented, to such person at or prior to the written confirmation of the
     sale to such person.

4.2. INDEMNIFICATION BY THE INVESTOR. In the event of a registration of any
     Registrable Shares pursuant to this Agreement, the Investor shall indemnify
     and hold harmless the Company and each person, if any, who controls the
     Company within the meaning of the Securities Act, each officer of the
     Company who signs the registration statement, each director of the Company
     (each a "Company Indemnitee"), against any and all such expenses, losses,
     claims, damages or liabilities referred to in Section 4.1 if the statement,
     alleged statement, omission or alleged omission in respect of which such
     expense, loss, claim, damage or liability is asserted was made in reliance
     upon and in conformity with information furnished in writing to the Company
     by or on behalf of a holder of Registrable Shares specifically for use in
     connection with the preparation of such registration statement, preliminary
     prospectus, prospectus, summary prospectus, amendment or supplement;
     provided, however, that if any expenses, losses, claims, damages or
     liabilities arise out of or are based upon an untrue statement, alleged
     untrue statement, omission or alleged omission contained in any preliminary
     prospectus which did not appear in the final prospectus, the Investor shall
     not have any such liability with respect thereto to any Company Indemnitee
     if any Company Indemnitee delivered a copy of the preliminary prospectus to
     the person alleging much expenses, losses, claims, damages or liabilities
     and failed to deliver a copy of the final prospectus, as amended or
     supplemented if it has been amended or supplemented, to such person at or
     prior to the written confirmation of the sale to such person.

                                       5

4.3. CONTRIBUTION. If the indemnification provided for in Sections 4.1 or 4.2
     above is unavailable to an indemnified party in respect of any losses,
     claims, damages or liabilities referred to therein, then in lieu of
     indemnifying such indemnified party thereunder, the indemnifying party
     shall contribute to the amount paid or payable by such indemnified party as
     a result of such losses, claims, damages or liabilities, in such proportion
     as is appropriate to reflect the relative fault of the indemnifying party
     on the one hand and of the indemnified parties on the other in connection
     with the statements or omissions which resulted in such losses, claims,
     damages or liabilities, as well as any other relevant equitable
     considerations. The relative fault of the indemnifying party and of the
     indemnified parties shall be determined by reference to, among other
     things, whether the untrue or alleged untrue statement of a material fact
     or the omission to state a material fact relates to information supplied by
     the indemnifying party, or by the indemnified parties, and the parties'
     relative intent, knowledge, access to information and opportunity to
     correct or prevent such statement or omission. The parties agree that it
     would not be just and equitable if contribution pursuant to this Section
     4.3 were determined by pro rata allocation or by any other method of
     allocation which does not take into account the equitable considerations
     referred to in the immediately preceding paragraph. The amount paid or
     payable by an indemnified party as a result of the losses, claims, damages
     and liabilities or actions in respect thereof referred to in the
     immediately preceding paragraph shall be deemed to include, subject to the
     limitations set forth above, any legal or other expenses reasonably
     incurred by such indemnified party in connection with investigating or
     defending any such action or claim. No person guilty of fraudulent
     misrepresentations (within the meaning of Section 11(f) of the Securities
     Act) shall be entitled to contribution from any person who was not guilty
     of such fraudulent misrepresentation.

4.4. INDEMNIFICATION PROCEDURES. Promptly after receipt by an indemnified party
     of notice of the commencement of any action, such indemnified party shall,
     if a claim in respect thereof is to be made against the indemnifying party,
     notify the indemnifying party in writing of the commencement thereof; but
     the omission so to notify the indemnifying party shall not relieve it from
     any liability which it may have to any indemnified party otherwise than
     under this Article 4 or to the extent that it has not been prejudiced as a
     proximate result of such failure. In case any such action shall be brought
     against any indemnified party, and it shall notify the indemnifying party
     of the commencement thereof, the indemnifying party shall be entitled to
     participate therein and, to the extent that it shall wish, to assume the
     defense thereof, with counsel reasonably satisfactory to such indemnified
     party; provided, however, that if the defendants in any such action include
     both the indemnified party and the indemnifying party and the indemnified
     party shall have reasonably concluded that there may be legal defenses
     available to it and/or other indemnified parties which are different from
     or additional to those available to the Company, the indemnified party or
     parties shall have the right to select one separate counsel to assert such
     legal defenses (in which case the indemnifying party shall not have the
     right to direct the defense of such action on behalf of the indemnified
     party or parties). Upon the permitted assumption by the indemnifying party
     of the defense of such action, and approval by the indemnified party of
     counsel, the indemnifying party shall not be liable to such indemnified
     party under this Article 4 for any legal or other expenses subsequently

                                       6

     incurred by such indemnified party in connection with the defense thereof
     (other than reasonable costs or investigation) unless (i) the indemnified
     party shall have employed one separate counsel in connection with the
     assertion of legal defenses in accordance with the proviso to the next
     preceding sentence, (ii) the indemnifying party shall not have employed
     counsel reasonably satisfactory to the indemnified party to represent the
     indemnified party within a reasonable time, (iii) the indemnifying party
     and its counsel do not actively and vigorously pursue the defense of such
     action or (iv) the indemnifying party has authorized the employment of
     counsel for the indemnified party at the expense of the indemnifying party.

                                   ARTICLE 5
                                 MISCELLANEOUS

5.1 GOVERNING LAW; CONSENT TO JURISDICTION. This Agreement shall be governed
    by, construed under and enforced in accordance with, the laws of the State
    of Delaware without regard to its conflict-of-laws principles. The Investor
    and the Company agree that (i) any legal action or proceeding arising out
    of or in connection with this Agreement or the transactions contemplated
    hereby shall be brought only in the courts of the State of Delaware or
    Federal courts of the United States of America sitting in Delaware, (ii)
    each irrevocably submits to the jurisdiction of each such court, and (iii)
    any summons, pleading, judgment, memorandum of law, or other paper relevant
    to any such action or proceeding shall be sufficiently served if delivered
    to the recipient thereof by certified or registered mail (with return
    receipt) at its address set forth in Section 5.3. Nothing in the proceeding
    sentence shall affect the right of any party to proceed in any jurisdiction
    for the enforcement or execution of any judgment, decree or order made by a
    court specified in said sentence.

5.2 SPECIFIC PERFORMANCE. The parties hereto acknowledge and agree that
    irreparable damage would occur in the event that any of the provisions of
    this Agreement were not performed in accordance with their specifications
    or were otherwise breached. It is accordingly agreed that each of the
    parties hereto shall be entitled to an injunction or injunctions to prevent
    or cure breaches of the provisions of this Agreement by the other and to
    enforce specifically the terms and provisions of this Agreement, this being
    in addition to any other remedy to which they may be entitled by law or
    equity.

5.3 NOTICES. Any notice required or permitted to be given under this Agreement
    shall be written, and may be given by personal delivery, by cable,
    telecopy, telex or telegram (with a confirmation copy mailed as follows),
    by Federal Express, United Parcel Service, DHL, or other reputable
    commercial delivery service, or by registered or certified mail,
    first-class postage prepaid, return receipt requested. Notice shall be
    deemed given upon actual receipt. Mailed notices shall be addressed as
    follows, but each party may change address by written notice in accordance
    with this paragraph.

                  TO THE INVESTOR:

                    Murray Zung. M.D.

                                       7

                    24 Overhill Road
                    New Rochelle, NY  10804

                  TO THE COMPANY:

                    SurfNet Media Group, Inc.
                    2245 West University Drive, Suite 9
                    Tempe, AZ  85281
                    Attention:  President

5.4 WAIVER. Each party hereto may in its sole discretion (i) extend the time
    for the performance of any of the obligations or other acts of the other
    party hereunder or (ii) waive compliance by the other party with any of the
    agreements or conditions contained herein. No term or provision hereof
    shall be deemed waived and no breach hereof excused unless such waiver or
    consent shall be in writing and signed by the party claimed to have waived
    or consented (in the case of the Company, by a majority of the Company
    Directors so waiving or consenting). No waiver hereunder shall apply or be
    construed to apply beyond its expressly stated terms. No failure to
    exercise and no delay in exercising any right, remedy, power or privilege
    hereunder shall operate as a waiver thereof, and no single or partial
    exercise of any right, remedy, power or privilege hereunder shall preclude
    any other or further exercise thereof or the exercise of any other right,
    remedy, power or privilege. No failure to insist upon strict performance of
    any term or provision of this Agreement, or to exercise any right
    hereunder, shall be construed as a waiver or as a relinquishment of such
    term, provision, or right.

5.5 SUCCESSORS, ASSIGNMENT; PARTIES IN INTEREST AND THIRD PARTY BENEFICIARIES.
    This Agreement and the rights hereunder may be assigned by the Investor
    without the prior written consent of the other party. This Agreement shall
    be binding upon and inure solely to the benefit of the Investor and the
    Company and their respective successors and assigns, and except as provided
    in this Section 5.5, nothing in this Agreement, express or implied, is
    intended to or shall confer upon any other person any rights, benefits or
    remedies of any nature whatsoever under or by reason of this Agreement.

5.6 ENTIRE AGREEMENT. This Agreement constitutes the entire agreement between
    the Investor and the Company with respect to the subject matter hereof and
    thereof and the transactions contemplated hereby and thereby and supersedes
    all prior or contemporaneous, written or oral agreements or understandings
    with respect thereto.

5.7 AMENDMENT. This Agreement may be amended only to the extent permissible
    under applicable law and only by a written instrument executed and
    delivered by a duly authorized officer of the Investor and a duly
    authorized officer of the Company.

5.8 SEVERABILITY. The provisions set forth in this Agreement are severable. If
    any provision of this Agreement is held invalid or unenforceable in any
    jurisdiction, the remainder of this Agreement, and the application of such
    provision to other persons or circumstances, shall not be affected thereby,

                                       8

    and shall remain valid and enforceable in such jurisdiction, and any such
    invalidity or unenforceability in any jurisdiction shall not invalidate or
    render unenforceable such provision in any other jurisdiction.

5.9 CUMULATION OF REMEDIES. All remedies available to any party for breach or
    non-performance of this Agreement are cumulative and not exclusive of any
    rights, remedies, powers or privileges provided by law, and may be
    exercised concurrently or separately, and the exercise of any other remedy
    shall not be deemed an election of such remedy to the exclusion of other
    remedies.

5.10 FAIR CONSTRUCTION. This Agreement shall be deemed the joint work product of
     the Investor and the Company without regard to the identity of the
     draftsperson, and any rule of construction that a document shall be
     interpreted or construed against the drafting party shall not be
     applicable.

5.11 HEADINGS; REFERENCES. Headings used in this Agreement are inserted as a
     matter of convenience and for reference, do not constitute a part of this
     Agreement for any other purpose, and shall not affect the interpretation or
     enforcement hereof or thereof.

5.12 COUNTERPARTS. This Agreement may be executed in two counterparts, each of
     which shall be deemed an original, but both of which together shall
     constitute one and the same instrument.

IN WITNESS WHEREOF, the parties hereto have executed and delivered this
Agreement as of the date first above written.

The Company:

SURFNET MEDIA GROUP, INC.,

         /s/ Robert D. Arkin
By:      ___________________________
         Robert D. Arkin
         Chairman

Investor:

/s/ Murray Zung, M.D.
_____________________________
Murray Zung, M.D.surfnet428exhibit2004

                            SURFNET MEDIA GROUP, INC.

                          COMMON STOCK PURCHASE WARRANT

                          DATED AS OF FEBRUARY 16, 2004

                                       1

                                WARRANT AGREEMENT

THIS WARRANT AND THE SHARES OF COMMON STOCK COVERED HEREBY (COLLECTIVELY, THE
"SECURITIES") HAVE NOT BEEN REGISTERED UNDER ANY STATE SECURITIES LAW OR THE
SECURITIES ACT OF 1933, AS AMENDED ("FEDERAL ACT") UPON RELIANCE OF EXEMPTIONS
AVAILABLE THEREFOR. THE SECURITIES WILL BE ACQUIRED FOR INVESTMENT AND MAY NOT
BE OFFERED FOR SALE, HYPOTHECATED, SOLD OR TRANSFERRED, NOR WILL ANY ASSIGNEE OR
TRANSFEREE THEREOF BE RECOGNIZED BY SURFNET MEDIA GROUP, INC. AS HAVING ANY
INTEREST IN SUCH SECURITIES IN THE ABSENCE OF (i) AN OPINION OF COUNSEL THAT THE
TRANSACTION BY WHICH SUCH SECURITIES WILL BE OFFERED FOR SALE, HYPOTHECATED,
SOLD OR TRANSFERRED IS EXEMPT UNDER THE FEDERAL ACT, AND APPLICABLE STATE
SECURITIES LAWS; OR (ii) AN EFFECTIVE REGISTRATION STATEMENT WITH RESPECT TO THE
SECURITIES UNDER THE FEDERAL ACT AND APPLICABLE STATE SECURITIES LAWS.

                            SURFNET MEDIA GROUP, INC.
                          COMMON STOCK PURCHASE WARRANT

Warrant No. 9
No. of Shares - 150,000
Dated: February 16, 2004

        This certifies that, for value received, Murray Zung, M.D., hereinafter
referred to as the registered holder or the "Optionee," or its successors and
assigns, is entitled, subject to the terms and conditions hereinafter set forth,
at or before 5:00 o'clock P.M., Eastern time, subject to adjustment upon the
occurrence of the contingencies set forth, on or before ninety (90) days from
the date hereof, but not thereafter, to purchase 230,769 shares of $.0001 par
value Common Stock (the "Common Stock") of the Company, upon the exercise of
this Warrant, at sixty-five cents ($0.65) per share; provided, however, that if
the Optionee fails to purchase the 230,769 shares as set forth above, the
Optionee will be entitled, subject to the terms and conditions hereinafter set
forth, at or before 5:00 o'clock P.M., Eastern time on September 15, 2004, but
not thereafter, to purchase 100,000 shares of the Common Stock, upon the
exercise of this Warrant, at one dollar ($1.00) per share. Sixty-five cents
($0.65) per share or one dollar ($1.00) per share, as the case may be, is
hereinafter referred to as the "Warrant Price" and is subject to adjustments
upon the occurrence of the contingencies set forth in this Warrant.

                                       2

        Upon delivery of this Warrant with the subscription form annexed hereto,
duly executed, together with payment of the Warrant Price for the shares of
Common Stock thereby purchased, at the principal office of the Company, 2245
West University Drive, Suite 9, Tempe, Arizona 85281, or at such other address
as the Company may designate by notice in writing to the registered holder
hereof, the registered holder of this Warrant shall be entitled to receive a
certificate or certificates for the shares of Common Stock so purchased. All
shares of Common Stock which may be issued upon the exercise of this Warrant
will, upon issuance, be fully-paid and non-assessable and free from all taxes,
liens and charges with respect thereto.

        This Warrant is subject to the following terms and conditions:

        1. Exercise of Warrant. This Warrant may be exercised in whole at any time,
           but not in part, at or prior to 5:00 o'clock P.M., Eastern time, on not
           later than ninety (90) days from the date hereof, but not thereafter, as to
           all the number of whole shares of Common Stock then subject hereto.

        2. Adjustment of Warrant Price and Number of Shares Purchasable Hereunder. In
           case the Company shall at any time subdivide the outstanding shares of its
           Common Stock, the Warrant Price in effect immediately prior to such
           subdivision shall be proportionately decreased, and in case the Company
           shall at any time combine the outstanding shares of its Common Stock, the
           Warrant Price in effect shall immediately prior to such combination be
           proportionately increased, effective from and after the record date of such
           subdivision or combination, as the case may be.

        3. Notice of Adjustments. Upon any adjustment of the Warrant Price and any
           increase or decrease in the number of shares of Common Stock purchasable
           upon the exercise of this Warrant, then and in each such case, the Company,
           within thirty (30) days thereafter, shall give written notice thereof to
           the registered holder of this Warrant at the address of such holder as
           shown on the books of the Company, which notice shall state the Warrant
           Price as adjusted and the increased or decreased number of shares
           purchasable upon the exercise of this Warrant, setting forth in reasonable
           detail the method of calculation of each. The holder of the Warrant shall
           have ten (10) days in which to review the proposed adjustment and to object
           to the proposed adjustment by notifying the Company in writing of such
           objection, setting forth in reasonable detail the reasons for such
           objection. If the holder fails to object to the proposed adjustment during
           such ten (10) day period the proposed adjustment shall become final. If the
           holder objects to the proposed adjustment then the Company and the holder
           shall attempt to reconcile their differences and if unable to do so such

                                       3

           adjustment shall be determined by the Company's independent accountants
           whose determination shall be final.

        4. Notice of Exercise of Option. This Option may be exercised by the Optionee
           by a written notice signed by the Optionee, and delivered or mailed to the
           Company to the attention of the President. The notice shall specify the
           number of shares of Stock which the Optionee elects to purchase hereunder,
           and be accompanied by (i) a certified or cashier's check payable to the
           Company in payment of the total Exercise Price applicable to such shares as
           provided herein. Upon receipt of an such notice and accompanying payment,
           the Company agrees to issue to the Optionee stock certificates for the
           number of shares specified in such notice registered in the name of the
           Optionee.

        5. Charges, Taxes and Expenses. The issuance of certificates for shares of
           Common Stock upon any exercise of this Warrant shall be made without charge
           to the holder hereof for any tax or other expense in respect to the
           issuance of such certificates, all of which taxes and expenses shall be
           paid by the Company, and such certificates shall be issued in the name of,
           or in such name or names as may be directed by, the holder of this Warrant;
           provided, however, that in the event that certificates for shares of Common
           Stock are to be issued in a name other than the name of the holder of this
           Warrant, this Warrant when surrendered for exercise shall be accompanied by
           an instrument of transfer in form satisfactory to the Company, duly
           executed by the holder hereof in person or by an attorney duly authorized
           in writing.

        6. Certain Obligations of the Company. The Company will not, by amendment of
           its Certificate of Incorporation or through reorganization, consolidation,
           merger, dissolution or sale of assets, or by any other voluntary act or
           deed, avoid or seek to avoid the performance or observance of any of the
           covenants, stipulations or conditions to be performed or observed by the
           Company, but will at all times in good faith assist, insofar as it is able,
           in the carrying out of all provisions of this Warrant and in the taking of
           all other action which may be necessary in order to protect the rights of
           the holder of this Warrant against dilution. Without limiting the
           generality of the foregoing, the Company agrees that it will not establish
           or increase the par value of the shares of any Common Stock which are at
           the time issuable upon exercise of this Warrant above the then prevailing
           Warrant Price hereunder and that, before taking any action which would
           cause an adjustment reducing the Warrant Price hereunder below the then par
           value, if any, of the shares of any Common Stock issuable upon exercise
           hereof, the Company will take any corporate action which may, in the
           opinion of its counsel, be necessary in order that the Company may validly

                                       4

           and legally issue fully-paid and non-assessable shares of such Common Stock
           at the Warrant Price as so adjusted.

        7. Miscellaneous.

                a. The Company covenants that it will at all times reserve and keep
                   available, solely for the purpose of issue upon the exercise hereof, a
                   sufficient number of shares of Common Stock to permit the exercise
                   hereof in full and a sufficient number of shares of Common Stock to
                   permit the conversion of all such shares of Common Stock.

                b. The terms of this Warrant shall be binding upon and shall inure to the
                   benefit of any successors or assigns of the Company and of the holder
                   or holders hereof and of the Common Stock issued or issuable on the
                   exercise hereof.

                c. No holder of this Warrant, as such, shall be entitled under this
                   Warrant to vote or receive dividends (except as provided in paragraph
                   2 hereof) or be deemed to be a shareholder of the Company for any
                   purpose.

                d. Except as otherwise provided herein, this Warrant and all rights
                   hereunder are transferable by the registered holder hereof in person
                   or by duly authorized attorney on the books of the Company upon
                   surrender of this Warrant, properly endorsed, to the Company. The
                   Company may deem and treat the registered holder of this Warrant at
                   any time as the absolute owner hereof for all purposes and shall not
                   be affected by any notice to the contrary.

                e. By acceptance of this Warrant the registered holder represents and
                   warrants to the Company that such holder is acquiring this Warrant and
                   will acquire any shares of Common Stock issued upon the exercise of
                   this Warrant for the holder's own account with the intent of holding
                   such warrant or shares for investment and without the intent of
                   participating directly or indirectly in a distribution of the same.
                   Any certificates for Common Stock issued upon the exercise of this
                   Warrant shall bear a legend similar to the legend appearing on the
                   first page of this Warrant.

                                       5

        IN WITNESS WHEREOF, the Company has caused this Warrant to be signed by its
duly authorized officers and its corporation seal to be affixed hereto as of the
date first written on.

                                            SURFNET MEDIA GROUP, INC.

                                                  /s/ Robert Arkin
                                            By:____________________
                                               Robert Arkin
                                               Chairman

                                       6

                                   ASSIGNMENT

(To be Executed by the Registered Holder to effect a Transfer of the foregoing Warrant)

        FOR VALUE RECEIVED, the undersigned hereby sells, and assigns and transfers
unto the foregoing Warrant and the rights represented thereto to purchase shares
of Common Stock of SURFNET MEDIA GROUP, INC., in accordance with the terms and
conditions thereof, and does hereby irrevocably constitute and appoint Attorney
to transfer the said Warrant on the books of the Company, with full power of
substitution.

_________________________________           By ______________________________
                                               Signature

_________________________________

_________________________________
_________________________________

Address

Dated:____________________

In the presence of:

__________________________

                                        7

                               SUBSCRIPTION FORM

(To be Executed by the Registered Holder to Exercise the Rights to Purchase
Stock evidenced by the foregoing Warrant)

TO: SURFNET MEDIA GROUP, INC.

        The undersigned hereby exercises the right to purchase _______ shares of
Common Stock covered by the attached Warrant in accordance with the terms and
conditions thereof, and herewith makes payment of the Warrant Price of such
shares in full.

        The undersigned represents and warrants to you that the undersigned is
acquiring such shares for the undersigned's own account with the intent of
holding such shares for investment and without the intent of participating
directly or indirectly in a distribution of such shares.

                                          By: _____________________________
                                              Signature

                                              _____________________________
                                              _____________________________
                                              Address

Dated: _________________.

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