Document:

Exhibit 4.2

                           CERTIFICATE OF DESIGNATION,
                          OF THE RIGHTS AND PREFERENCES
                                       OF
                      SERIES B CONVERTIBLE PREFERRED STOCK
                                       OF
                              MARKET CENTRAL, INC.

      Market Central, Inc., a corporation organized and existing under the laws
of the State of Delaware (the "Company"), hereby certifies that the following
resolutions were adopted by the Board of Directors of the Company pursuant to
the authority of the Board of Directors as required by Section 151 of the
Delaware General Corporation Act (the "DGCL").

      RESOLVED, that pursuant to the authority granted to and vested in the
Board of Directors of this Company (the "Board of Directors" or the "Board") in
accordance with the provisions of its Articles of Incorporation and Bylaws, each
as amended through the date hereof, the Board of Directors hereby authorizes a
series of the Company's previously authorized Preferred Stock, $.001 par value
(the "Preferred Stock"), and hereby states the designation and number of shares,
and fixes the relative rights, preferences, privileges, powers and restrictions
thereof as follows:

I.    CERTAIN DEFINITIONS

      For purposes of this Certificate of Designation, capitalized terms are
defined in this Certificate of Designation or shall have the following meanings:

      "Change of Control" means the acquisition, directly or indirectly, by any
Person of ownership of, or the power to direct the exercise of voting power with
respect to, a majority of the issued and outstanding voting shares of the
Company.

      "Common Stock" means the common stock of the Company, par value $.001 per
share.

      "Issuance Date" means the date of the Closing under the Convertible
Preferred Stock Purchase Agreement with respect to the initial issuance of the
Series B Preferred Stock.

      "Per Share Market Value" of the Common Stock means on any particular date
(a) the last sale price of shares of Common Stock on such date or, if no such
sale takes place on such date, the last sale price on the most recent prior
date, in each case as officially reported on the principal national securities
exchange on which the Common Stock is then listed or admitted to trading, or (b)
if the Common Stock is not then listed or admitted to trading on any national
securities exchange, the closing bid price per share as reported by Nasdaq, or
(c) if the Common Stock is not then listed or admitted to trading on the Nasdaq,
the closing bid price per share of the Common Stock on such date as reported on
the OTCBB or if there is no such price on such date, then the last bid price on
the date nearest preceding such date, or (d) if the Common Stock is not quoted
on the OTCBB, the closing bid price for a share of Common Stock on such date in
the over-the-counter market as reported by the Pinksheets LLC (or similar
organization or agency succeeding to its functions of reporting prices) or if
there is no such price on such date, then the last bid price on the date nearest
preceding such date, or (e) if the Common Stock is no longer publicly traded,
the fair market value of a share of the Common Stock as determined by an
Appraiser (as defined in the Certificate of Designation) selected in good faith
by the holders of a majority of the Series B Preferred Stock; provided, however,
that the Company, after receipt of the determination by such Appraiser, shall
have the right to select an additional Appraiser, in which case, the fair market
value shall be equal to the average of the determinations by each such
Appraiser.

      "Person" means an individual or a corporation, partnership, trust,
incorporated or unincorporated association, joint venture, limited liability
company, joint stock company, government (or an agency or political subdivision
thereof) or other entity of any kind.

      "Purchase Agreement" means the Convertible Preferred Stock Purchase
Agreement dated March 24, 2004, by and between the Company and the purchaser set
forth in Schedule 1 thereto (the "Purchaser").

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      "Redemption Price" means the Stated Value of any share of Series B
Preferred Stock that is subject to redemption.

      "Trading Day" means (a) a day on which the Common Stock is quoted on the
OTCBB or principal stock exchange on which the Common Stock has been listed, or
(b) if the Common Stock is not quoted on the OTCBB or any stock exchange, a day
on which the Common Stock is quoted in the over-the-counter market, as reported
by the National Association of Securities Dealers, Inc. ("NASD"), or (c) if the
Common Stock is not quoted on the NASD, a day on which the Common Stock is
quoted in the over-the-counter market as reported by the Pinksheets LLC (or any
similar organization or agency succeeding its functions of reporting prices).

                           II. DESIGNATION AND AMOUNT

      The designation of this series, which consists of three hundred fifty
thousand (350,000) shares of Preferred Stock, is the Series B Convertible
Preferred Stock (the "Series B Preferred Stock") and the stated value shall be
U.S. ten dollars ($10.00) per share (the "Stated Value").

                                 III. DIVIDENDS

      The holder of the shares of Series B Preferred Stock as they appear on the
stock records of the Company ("Holder" or "Holders") shall not be entitled to
receive any dividends.

                                 IV. CONVERSION

      (a) Each outstanding share of Series B Preferred Stock shall be
convertible into the number of shares of Common Stock determined by dividing the
Stated Value by the Conversion Price as defined below, and subject to the
Limitation on Conversion in Section 4.13 of the Purchase Agreement, at the
option of the Holder in whole or in part, at any time commencing on or after the
Issuance Date; provided that, any conversion under this Section IV(a) shall be
for a minimum Stated Value of $10,000.00 of Series B Preferred Stock. The Holder
shall effect conversions by sending the form of conversion notice attached
hereto as Appendix I (the "Notice of Conversion") in the manner set forth in
Section IV(j). Each Notice of Conversion shall specify the Stated Value of
Series B Preferred Stock to be converted. The date on which such conversion is
to be effected (the "Conversion Date") shall be on the date the Notice of
Conversion is delivered pursuant to Section IV(j) hereof. Except as provided
herein, each Notice of Conversion, once given, shall be irrevocable. If the
Holder is converting less than all of the shares represented by a certificate
for the Series B Preferred Stock tendered by the Holder in the Notice of
Conversion, the Company shall deliver to the Holder a new Series B Preferred
Stock certificate for such number of shares as has not been converted within
five (5) Business Days of the Company's receipt of the original certificate of
Series B Preferred Stock and Notice of Conversion. Upon the entire conversion of
the Series B Preferred Stock or the redemption of the Series B Preferred Stock,
the certificates for such Series B Preferred Stock shall be returned to the
Company for cancellation.

      (b) Not later than ten (10) Business Days after the Conversion Date, the
Company will deliver to the Holder (i) a certificate or certificates
representing the number of shares of Common Stock being acquired upon the
conversion of the Series B Preferred Stock and (ii) once received from the
Company, the number of shares of Series B Preferred Stock equal to the number of
shares of the Series B Preferred Stock not converted; provided, however, that
the Company shall not be obligated to issue certificates evidencing the shares
of Common Stock issuable upon conversion of any Series B Preferred Stock until
the Series B Preferred Stock are either delivered for conversion to the Company
or any transfer agent for the Series B Preferred Stock or Common Stock, or the
Holder notifies the Company that such Series B Preferred Stock certificates have
been lost, stolen or destroyed and provides an agreement reasonably acceptable
to the Company to indemnify the Company from any loss incurred by it in
connection therewith. In the case of a conversion pursuant to a Notice of
Conversion, if such certificate or certificates are not delivered by the date
required under this Section IV(b), the Holder shall be entitled, by providing
written notice to the Company at any time on or before its receipt of such
certificate or certificates thereafter, to rescind such conversion, in which
event the Company shall immediately return the Series B Preferred Stock tendered
for conversion.

      (c) Intentionally omitted.

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      (d) (i) The Conversion Price for each share of Series B Preferred Stock in
effect on any Conversion Date shall be the LESSER of (a) one dollar and seventy
five cents ($1.75) (the "Fixed Conversion Price") or (b) eighty percent (80%) of
the lowest closing bid price for the Common Stock in the ten (10) business days
preceding the date of conversion, but in no event less than fifty percent (50%)
of the Fixed Conversion Price (the "Floating Conversion Price"). For purposes of
determining the closing bid price on any day, reference shall be to the closing
bid price for a share of Common Stock on such date on the NASD OTC Bulletin
Board, as reported on Bloomberg, L.P. (or similar organization or agency
succeeding to its functions of reporting prices).

            (ii) If the Company, at any time while any Series B Preferred Stock
are outstanding, (a) shall pay a stock dividend or otherwise make a distribution
or distributions on shares of its Junior Securities (as defined below) payable
in shares of its capital stock (whether payable in shares of its Common Stock or
of capital stock of any class), (b) subdivide outstanding shares of Common Stock
into a larger number of shares, (c) combine outstanding shares of Common Stock
into a smaller number of shares, or (d) issue by reclassification of shares of
Common Stock any shares of capital stock of the Company, the Fixed Conversion
Price designated in Section IV(d)(i) shall be multiplied by a fraction of which
the numerator shall be the number of shares of Common Stock of the Company
outstanding before such event and of which the denominator shall be the number
of shares of Common Stock outstanding after such event. Any adjustment made
pursuant to this Section IV(d)(ii) shall become effective immediately after the
record date for the determination of stockholders entitled to receive such
dividend or distribution and shall become effective immediately after the
effective date in the case of a subdivision, combination or reclassification.

            (iii) If, at any time while any of the Series B Preferred Stock is
outstanding, the Company issues or sells shares of Common Stock, or options,
warrants or other rights to subscribe for or purchase shares of Common Stock at
a price per share that is less than fifty percent (50%) of the Fixed Conversion
Price (the "Floor Conversion Price"), then the Floor Conversion Price shall be
multiplied by a fraction, the numerator of which shall be the number of shares
of Common Stock (excluding treasury shares, if any) outstanding on the date of
issuance of such shares, options, warrants or rights plus the number of shares
which the aggregate offering price of the total number of shares so offered
would purchase at such Floor Conversion Price, and the denominator of which
shall be the number of shares of Common Stock (excluding treasury shares, if
any) outstanding on the date of issuance of such options, rights or warrants
plus the number of additional shares of Common Stock offered for subscription or
purchase. There will be no adjustment of the Fixed Conversion Price under this
subsection IV(d)(iii) if (A) warrants or options are issued to employees or
consultants of the Company for services rendered or to be rendered to the
Company or if Common Stock is issued upon the exercise of such warrants or
options, or (B) other options, warrants or rights to subscribe for or purchase
common stock that, in any case, are issued at an exercise or subscription price
that is equal to or greater than the Floor Conversion Price.

            (iv) If the Company, at any time while Series B Preferred Stock are
outstanding, shall distribute to all holders of Common Stock (and not to Holders
of Series B Preferred Stock) evidences of its indebtedness or assets or rights
or warrants to subscribe for or purchase any security then in each such case the
Conversion Price at which each Series B Preferred Stock shall thereafter be
convertible shall be determined by multiplying the Fixed Conversion Price in
effect immediately prior to the record date fixed for determination of
stockholders entitled to receive such distribution by a fraction of which the
denominator shall be the Per Share Market Value of Common Stock determined as of
the record date mentioned above, and of which the numerator shall be such Per
Share Market Value of the Common Stock on such record date less the then fair
market value at such record date of the portion of such assets or evidence of
indebtedness so distributed applicable to one outstanding share of Common Stock
as determined by the Board of Directors in good faith; provided, however that in
the event of a distribution exceeding ten percent (10%) of the net assets of the
Company, such fair market value shall be determined by a nationally recognized
or major regional investment banking firm or firm of independent certified
public accountants of recognized standing (which may be the firm that regularly
examines the financial statements of the Company) (an "Appraiser") selected in
good faith by the Holders of a majority of the principal amount of the Series B
Preferred Stock then outstanding; and provided, further, that the Company, after
receipt of the determination by such Appraiser shall have the right to select an
additional Appraiser, in which case the fair market value shall be equal to the
average of the determinations by each such Appraiser. In either case the
adjustments shall be described in a statement provided to the Holder and all
other Holders of Series B Preferred Stock of the portion of assets or evidences
of indebtedness so distributed or such subscription rights applicable to one
share of Common Stock. Such adjustment shall be made whenever any such
distribution is made and shall become effective immediately after the record
date mentioned above.

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            (v) All calculations under this Article IV shall be made to the
nearest 1/1000th of a cent or the nearest 1/1000th of a share, as the case may
be. Any calculation over .005 shall be rounded up to the next cent or share and
any calculation less than .005 shall be rounded down to the previous cent or
share.

            (vi) In the event the Fixed Conversion Price is not adjusted
pursuant to Section IV(d)(ii), (iii), (iv), or (v), within ten (10) Business
Days following the occurrence of an event described therein, and is still not
adjusted following thirty (30) days notice from the Holder to the Company
requesting that such adjustment be made, then the Holder shall have the right to
require the Company to redeem all of the Holder's Series B Preferred Stock at
the Stated Value of such Holder's Series B Preferred Stock, and the Company
shall pay such amount to the Holder pursuant to the written instructions
provided by the Holder.

            (vii) Whenever the Fixed Conversion Price is adjusted pursuant to
Section IV(d)(ii), (iii), (iv) or (v), the Company shall within two (2) days
after the determination of the new Fixed Conversion Price mail and fax to the
Holder and to each other Holder of Series B Preferred Stock, a notice setting
forth the Fixed Conversion Price after such adjustment and setting forth a brief
statement of the facts requiring such adjustment.

            (viii) In case of any reclassification of the Common Stock, any
consolidation or merger of the Company with or into another person, the sale or
transfer of all or substantially all of the assets of the Company or any
compulsory share exchange pursuant to which the Common Stock is converted into
other securities, cash or property, then each holder of Series B Preferred Stock
then outstanding shall have the right thereafter to convert such Series B
Preferred Stock only into the shares of stock and other securities and property
receivable upon or deemed to be held by holders of Common Stock following such
reclassification, consolidation, merger, sale, transfer or share exchange
(except in the event the property is cash, then the Holder shall have the right
to convert the Series B Preferred Stock and receive cash in the same manner as
other stockholders), and the Holder shall be entitled upon such event to receive
such amount of securities or property as the shares of the Common Stock into
which such Series B Preferred Stock could have been converted immediately prior
to such reclassification, consolidation, merger, sale, transfer or share
exchange would have been entitled. The terms of any such consolidation, merger,
sale, transfer or share exchange shall include such terms so as to continue to
give to the holder the right to receive the securities or property set forth in
this Section IV(d)(viii) upon any conversion following such consolidation,
merger, sale, transfer or share exchange. This provision shall similarly apply
to successive reclassifications, consolidations, mergers, sales, transfers or
share exchanges. Notwithstanding the foregoing, in the event of any merger,
consolidation or change of control of the Company, then as provided in the
Purchase Agreement, the Company shall have the right to demand that the Holder
convert all Series B Preferred Stock then held by the Purchaser into Common
Stock upon the terms and conditions set forth in this Certificate of
Designation. If the Holder does not comply with such demand, the Company may
redeem all Series B Preferred Stock held by the Purchaser at their Stated Value.

            (ix) If:

                        (A)   the Company shall declare a dividend (or any other
                              distribution) on its Common Stock; or

                        (B)   the Company shall declare a special nonrecurring
                              cash dividend on or a redemption of its Common
                              Stock; or

                        (C)   the Company shall authorize the granting to all
                              holders of the Common Stock rights or warrants to
                              subscribe for or purchase any shares of capital
                              stock of any class or of any rights; or

                        (D)   the approval of any stockholders of the Company
                              shall be required in connection with any
                              reclassification of the Common Stock of the
                              Company (other than a subdivision or combination
                              of the outstanding shares of Common Stock), any
                              consolidation or merger to which the Company is a
                              party, any sale or transfer of all or
                              substantially all of the assets of the Company, or
                              any compulsory share exchange whereby the Common
                              Stock is converted into other securities, cash or
                              property; or

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<PAGE>

                        (E)   the Company shall authorize the voluntary or
                              involuntary dissolution, liquidation or winding-up
                              of the affairs of the Company;

then the Company shall cause to be filed at each office or agency maintained for
the purpose of conversion of Series B Preferred Stock, and shall cause to be
mailed and faxed to the Holders of Series B Preferred Stock at their last
addresses as it shall appear upon the Series B Preferred stock register, at
least thirty (30) calendar days prior to the applicable record or effective date
hereinafter specified, a notice stating (x) the date on which a record is to be
taken for the purpose of such dividend, distribution, redemption, rights or
warrants, or if a record is not to be taken, the date as of which the holders of
Common Stock of record to be entitled to such dividend, distributions,
redemption, rights or warrants are to be determined, or (y) the date on which
such reclassification, consolidation, merger, sale, transfer, share exchange,
dissolution, liquidation or winding-up is expected to become effective, and the
date as of which it is expected that holders of Common Stock of record shall be
entitled to exchange their shares of Common Stock for securities or other
property deliverable upon such reclassification, consolidation, merger, sale,
transfer, share exchange, dissolution, liquidation or winding-up; provided,
however, that the failure to mail such notice or any defect therein or in the
mailing thereof shall not affect the validity of the corporate action required
to be specified in such notice.

      (e) If at any time conditions shall arise by reason of action or inaction
taken by the Company which in the opinion of the Board of Directors are not
adequately covered by the other provisions hereof and which might materially and
adversely affect the rights of the Holders of Series B Preferred Stock
(different than or distinguished from the effect generally on rights of holders
of any class of the Company's capital stock), the Company shall, at least thirty
(30) calendar days prior to the effective date of such action, mail and fax a
written notice to each Holder of Series B Preferred Stock briefly describing the
action contemplated and the material adverse effects of such action on the
rights of such Holders and an Appraiser selected by the Holders of majority of
the outstanding Series B Preferred Stock shall give its opinion as to the
adjustment, if any (not inconsistent with the standards established in this
Article IV), of the Fixed Conversion Price (including, if necessary, any
adjustment as to the securities into which Series B Preferred Stock may
thereafter be convertible) and any distribution which is or would be required to
preserve without diluting the rights of the Holders of Series B Preferred Stock;
provided, however, that the Company, after receipt of the determination by such
Appraiser, shall have the right to select an additional Appraiser, in which case
the adjustment shall be equal to the average of the adjustments recommended by
each such Appraiser. The Board of Directors shall make the adjustment
recommended forthwith upon the receipt of such opinion or opinions or the taking
of any such action contemplated, as the case may be; provided, however, that no
such adjustment of the Fixed Conversion Price shall be made which in the opinion
of the Appraiser(s) giving the aforesaid opinion or opinions would result in an
increase of the Fixed Conversion Price.

      (f) The Company covenants that it will at all times reserve and keep
available out of its authorized and unissued Common Stock solely for the purpose
of issuance upon conversion of Series B Preferred Stock as herein provided, free
from preemptive rights or any other actual contingent purchase rights of persons
other than the Holders of Series B Preferred Stock, such number of shares of
Common Stock as shall be issuable (taking into account the adjustments and
restrictions of Section IV(d) and Section IV(e) hereof) upon the conversion of
all outstanding shares of Series B Preferred Stock. The Company covenants that
all shares of Common Stock that shall be so issuable shall, upon issue, be duly
and validly authorized, issued and fully paid and nonassessable.

      (g) No fractional shares of Common Stock shall be issuable upon a
conversion hereunder and the number of shares to be issued shall be rounded up
to the nearest whole share. If a fractional share interest arises upon any
conversion hereunder, the Company shall eliminate such fractional share interest
by issuing the Holder an additional full share of Common Stock.

      (h) The issuance of certificates for shares of Common Stock on conversion
of Series B Preferred Stock shall be made without charge to the Holder for any
documentary stamp or similar taxes that may be payable in respect of the issue
or delivery of such certificate, provided that the Company shall not be required
to pay any tax that may be payable in respect of any transfer involved in the
issuance and delivery of any such certificate upon conversion in a name other
than that of the Holder and the Company shall not be required to issue or
deliver such certificates unless or until the person or persons requesting the
issuance thereof shall have paid to the Company the amount of such tax or shall
have established to the satisfaction of the Company that such tax has been paid.

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      (i) Series B Preferred Stock converted into Common Stock shall be canceled
upon conversion.

      (j) Each Notice of Conversion shall be given by facsimile to the Company
no later than 4:00 pm New York time. Any such notice shall be deemed given and
effective upon the transmission of such facsimile at the facsimile telephone
number specified in the Purchase Agreement. In the event that the Company
receives the Notice of Conversion after 4:00 p.m. New York time, the Conversion
Date shall be deemed to be the next Business Day. In the event that the Company
receives the Notice of Conversion after the end of the Business Day, notice will
be deemed to have been given the next Business Day.

                        V. EVENTS OF DEFAULT AND REMEDIES

      (a) "Event of Default", wherever used herein, means any one of the
following events:

            (i) the Company shall fail to observe or perform any material
covenant, agreement or warranty contained in this Series B Preferred Stock
Certificate of Designation, and such failure shall not have been remedied within
ten (10) Business Days after the date on which written notice of such failure
shall have been given;

            (ii) the occurrence of any material breach or event of default by
the Company under the Purchase Agreement or any other Transaction Document (as
defined in the Purchase Agreement) and such material breach or event of default
shall not have been remedied within the applicable cure period provided for
therein, but in any event, not less than ten (10) days after the date on which
written notice of such failure shall have been given;

            (iii) the Company or any of its subsidiaries shall commence a
voluntary case under the United States Bankruptcy Code as now or hereafter in
effect or any successor thereto (the "Bankruptcy Code"); or an involuntary case
is commenced against the Company under the Bankruptcy Code and the Company fails
to pursue dismissal of the case within sixty (60) days after commencement of the
case; or the Company commences any other proceeding under any reorganization,
arrangement, adjustment of debt, relief of debtors, dissolution, insolvency or
liquidation or similar law of any jurisdiction whether now or hereafter in
effect relating to the Company or there is commenced against the Company any
such proceeding and the Company fails to pursue dismissal of the case within
sixty (60) days after commencement of the case; or the Company suffers any
appointment of any custodian or the like for it or any substantial part of its
property and the Company fails to pursue dismissal of the custodian within sixty
(60) days after the appointment; or the Company makes a general assignment for
the benefit of creditors; or any corporate or other action is taken by the
Company for the purpose of effecting any of the foregoing;

            (iv) trading in the common stock of the Company shall have been
suspended, delisted, or otherwise ceased by the Securities and Exchange
Commission or the NASD or other exchange or the Nasdaq (whether the National
Market or otherwise), and trading is not reinstated within thirty (30) Trading
Days, except for (i) any suspension of trading of limited duration solely to
permit dissemination of material information regarding the Company, and trading
is reinstated promptly after such dissemination and (ii) any general suspension
of trading for all companies trading on such exchange or market or OTCBB; or

            (v) the Company shall issue a press release, or otherwise make
publicly known, that it is not honoring properly executed Notice of Conversions
for any reason whatsoever.

      (b) If any Event of Default occurs and continues, beyond any cure period,
if any, then so long as such Event of Default shall then be continuing any
Holder may, by notice to the Company, demand redemption of the shares of Series
B Preferred Stock held by such Holder at the Redemption Price (as defined
herein), and such Holder may immediately and without expiration of any grace
period enforce any and all of its rights and remedies hereunder and all other
remedies available to it under applicable law. Such declaration may be rescinded
and annulled by such Holder at any time prior to payment hereunder. No such
rescission or annulment shall affect any subsequent Event of Default or impair
any right consequent thereon. This shall include, but not be limited to the
right to temporary, preliminary and permanent injunctive relief without the
requirement of posting any bond or undertaking.

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      (c) Such Holder may thereupon proceed to protect and enforce its rights
either by suit in equity, or by action at law, or by other appropriate
proceedings whether for the specific performance (to the extent permitted by
law) of any covenant or agreement contained in this Series B Preferred Stock
Certificate of Designation or in aid of the exercise of any power granted in
this Series B Preferred Stock Certificate of Designation, and proceed to enforce
the redemption of any of the Series B Preferred Stock held by it, and to enforce
any other legal or equitable right of such Holder.

      (d) To effectuate the terms and provisions of this Certificate of
Designation of Series B Preferred Stock, the Holder may send notice of any
default to the Attorney-in-Fact (as defined in the Purchase Agreement) and send
a copy of such notice to the Company and its counsel, simultaneously, and
request the Attorney-in-Fact, to comply with the terms of this Certificate of
Designation of Series B Preferred Stock and the Purchase Agreement and all
agreements entered into pursuant to the Purchase Agreement on behalf of the
Company.

                                 VI. REDEMPTION

      (a) Except as provided in this section VI (a), neither the holder nor the
Company may demand that the Series B Preferred Stock be redeemed. Until all of
the Series B Preferred Stock has been converted, in the event that the Company
engages in a single transaction or a series of related transactions that cause
it to (i) consolidate with or merge with or into any other Person, (ii) permit
any other Person to consolidate with or merge into it, or (iii) undergo a Change
in Control, then at the option of the Company exercisable by giving thirty (30)
days written notice to the Holder, the Company may request that the Holder
convert all shares of Series B Preferred Stock then held by the Holder into
Common Stock upon the terms and conditions set forth in this Certificate of
Designation. If the Holder does not comply with such request, the Company may
redeem all Series B Preferred Stock held by the Purchaser at their Stated Value
(the "Redemption Price"). The Company is not obligated to provide for redemption
of the Series B Preferred Stock through a sinking fund.

      (b) Shares of Series B Preferred Stock which have been redeemed or
converted shall be deemed retired pursuant to the DGCL and shall thereafter
resume the status of authorized and unissued shares of Preferred Stock,
undesignated as to series, and may be redesignated and reissued as part of any
new series of Preferred Stock other than Series B Preferred Stock.

      (c) No redemption shall be made and no sum set aside for such redemption
at any time that the terms or provisions of any indenture or agreement of the
Company, including any agreement relating to indebtedness, specifically
prohibits such redemption or setting aside or provides that such redemption or
setting aside would constitute a breach or default thereunder (after notice or
lapse of time or both), except with the written consent of the lender or other
parties to said agreement as the case may be.

      (f) If any redemption shall at any time be prohibited by the DGCL, the
same shall be deferred until such time as the redemption can occur in full
compliance with such statute.

      (g) In the event the Company shall redeem shares of Series B Preferred
Stock as provided herein, notice of such redemption shall be given by first
class mail, postage prepaid, or by confirmed facsimile transmission, not less
than thirty (30) business days prior to the date fixed by the Board for
redemption to each holder of Series B Preferred Stock at the address that
appears on the Company's stock record books; provided, however, that no failure
to provide such notice nor any defect therein shall affect the validity of the
redemption proceeding except as to the holder to whom the Company has failed to
send such notice or whose notice was defective. Each notice shall state (i) the
redemption date, (ii) the number of shares of Series B Preferred Stock to be
redeemed; (iii) the Redemption Price; and (iv) the place or places where
certificates for shares of Series B Preferred Stock are to be surrendered for
payment. When notice has been provided as aforesaid then from and after the
redemption date (unless default shall be made by the Company in providing money
for the payment of the Redemption Price of the shares called for redemption)
said shares shall no longer be deemed to be outstanding and all rights of the
holders thereof shall cease (other than the right to receive the Redemption
Price or common Stock with respect to converted Series B Preferred Stock). Upon
surrender of the certificates for Series B Preferred Stock accompanied by
appropriate stock powers, the shares shall be redeemed by the Company at the
Redemption Price.

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                                    VII. RANK

      The Series B Preferred Stock shall, as to redemptions and the distribution
of assets upon liquidation, dissolution or winding up of the Company, rank (i)
prior to the Company's Common Stock; (ii) prior to any class or series of
capital stock of the Company hereafter created that, by its terms, ranks junior
to the Series B Preferred Stock ("Junior Securities"); (iii) junior to any class
or series of capital stock of the Company hereafter created (with the consent of
the holders of a majority of the outstanding Series B Preferred Stock) which by
its terms ranks senior to the Series B Preferred Stock ("Senior Securities");
and (iv) pari passu with any other series of preferred stock of the Company
hereafter created (with the consent of the holders of a majority of the
outstanding Series B Preferred Stock) which by its terms ranks on a parity
("Pari Passu Securities") with the Series B Preferred Stock. The Series B
Preferred Stock shall rank Pari Passu with the Company's Series A Preferred
Stock upon distribution of assets upon liquidation in the manner provided in
Article VIII.

                          VIII. LIQUIDATION PREFERENCE

      If the Company shall commence a voluntary case under the U.S. Federal
bankruptcy laws or any other applicable bankruptcy, insolvency or similar law,
or consent to the entry of an order for relief in an involuntary case under any
law or to the appointment of a receiver, liquidator, assignee, custodian,
trustee, sequestrator (or other similar official) of the Company or of any
substantial part of its property, or make an assignment for the benefit of its
creditors, or admit in writing its inability to pay its debts generally as they
become due, or if a decree or order for relief in respect of the Company shall
be entered by a court having jurisdiction in the premises in an involuntary case
under the U.S. Federal bankruptcy laws or any other applicable bankruptcy,
insolvency or similar law resulting in the appointment of a receiver,
liquidator, assignee, custodian, trustee, sequestrator (or other similar
official) of the Company or of any substantial part of its property, or ordering
the winding up or liquidation of its affairs, and any such decree or order shall
be unstayed and in effect for a period of sixty (60) consecutive days and, on
account of any such event, the Company shall liquidate, dissolve or wind up, or
if the Company shall otherwise liquidate, dissolve or wind up, including, but
not limited to, the sale or transfer of all or substantially all of the
Company's assets in one transaction or in a series of related transactions (a
"Liquidation Event"), no distribution shall be made to the holders of any shares
of capital stock of the Company (other than Senior Securities and Pari Passu
Securities) upon liquidation, dissolution or winding up unless prior thereto the
Holders of shares of Series A Preferred Stock and Series B Preferred Stock shall
have received the Liquidation Preference (as defined below) with respect to each
share. If, upon the occurrence of a Liquidation Event, the assets and funds
available for distribution among the Holders of the Series A Preferred Stock,
Series B Preferred Stock and Holders of Pari Passu Securities shall be
insufficient to permit the payment to such holders of the preferential amounts
payable thereon, then the entire assets and funds of the Company legally
available for distribution to the Series A Preferred Stock, Series B Preferred
Stock and the Pari Passu Securities shall be distributed ratably among such
shares in proportion to the ratio that the Liquidation Preference payable on
each such share bears to the aggregate Liquidation Preference payable on all
such shares. The purchase or redemption by the Company of stock of any class, in
any manner permitted by law, shall not, for the purposes hereof, be regarded as
a liquidation, dissolution or winding up of the Company. Neither the
consolidation or merger of the Company with or into any other entity nor the
sale or transfer by the Company of substantially all of its assets shall, for
the purposes hereof, be deemed to be a liquidation, dissolution or winding up of
the Company. The "Liquidation Preference" with respect to a share of Series A
Preferred Stock means an amount equal to the Series A Liquidation Value thereof
as defined in the Certificate of Designation of the Series A Preferred Stock..
The "Liquidation Preference" with respect to a share of Series B Preferred Stock
means an amount equal to fifty percent (50%) of the Stated Value thereof,
provided, however, that after the holders of the Series A Preferred Stock, the
Series B Preferred Stock and Pari Passu Securities have received the Liquidation
Preference with respect to their shares, the holders of the Series B Preferred
Stock shall receive an additional distribution equal to fifty percent (50%) of
the Stated Value of the Series B Preferred Stock before any distribution shall
be made to the holders of any other shares of capital stock of the Company. The
Liquidation Preference with respect to any Pari Passu Securities shall be as set
forth in the Certificate of Designation filed in respect thereof.

                                       40
<PAGE>

                                IX. VOTING RIGHTS

      The Holders of the Series B Preferred Stock have no voting power
whatsoever, except as provided by the DGCL. To the extent that under the DGCL
the vote of the Holders of the Series B Preferred Stock, voting separately as a
class or series, as applicable, is required to authorize a given action of the
Company, the affirmative vote or consent of the Holders of at least a majority
of the then outstanding shares of the Series B Preferred Stock represented at a
duly held meeting at which a quorum is present or by written consent of the
Holders of at least a majority of the then outstanding shares of Series B
Preferred Stock (except as otherwise may be required under the DGCL) shall
constitute the approval of such action by the class. To the extent that under
the DGCL Holders of the Series B Preferred Stock are entitled to vote on a
matter with holders of Common Stock, voting together as one class, each share of
Series B Preferred Stock shall be entitled to a number of votes equal to the
number of shares of Common Stock into which it is then convertible (subject to
the limitations contained in Article IV) using the record date for the taking of
such vote of shareholders as the date as of which the Conversion Price is
calculated.

                                X. MISCELLANEOUS

      (a) If any shares of Series B Preferred Stock are converted pursuant to
Article IV, the shares so converted shall be canceled, shall return to the
status of authorized, but unissued preferred stock of no designated series.

      (b) Upon receipt by the Company of (i) evidence of the loss, theft,
destruction or mutilation of any Preferred Stock certificate(s) and (ii) (y) in
the case of loss, theft or destruction, of indemnity (without any bond or other
security) reasonably satisfactory to the Company, or (z) in the case of
mutilation, upon surrender and cancellation of the Preferred Stock
certificate(s), the Company shall execute and deliver new Preferred Stock
certificate(s) of like tenor and date. However, the Company shall not be
obligated to reissue such lost or stolen Preferred Stock certificate(s) if the
Holder contemporaneously requests the Company to convert such Series B Preferred
Stock.

      (c) Upon submission of a Notice of Conversion by a Holder of Series B
Preferred Stock, (i) the shares covered thereby shall be deemed converted into
shares of Common Stock and (ii) the Holder's rights as a Holder of such
converted shares of Series B Preferred Stock shall cease and terminate,
excepting only the right to receive certificates for such shares of Common Stock
and to any remedies provided herein or otherwise available at law or in equity
to such Holder because of a failure by the Company to comply with the terms of
this Certificate of Designation. Notwithstanding the foregoing, if a Holder has
not received certificates for all shares of Common Stock prior to the tenth
(10th) business day after the expiration of the Delivery Period with respect to
a conversion of Series B Preferred Stock for any reason, then (unless the Holder
otherwise elects to retain its status as a holder of Common Stock by so
notifying the Company within five (5) business days after the expiration of such
ten (10) business day period) the Holder shall regain the rights of a Holder of
Series B Preferred Stock with respect to such unconverted shares of Series B
Preferred Stock and the Company shall, as soon as practicable, return such
unconverted shares to the Holder. In all cases, the Holder shall retain all of
its rights and remedies for the Company's failure to convert Series B Preferred
Stock.

      (d) The remedies provided in this Certificate of Designation shall be
cumulative and in addition to all other remedies available under this
Certificate of Designation, at law or in equity (including a decree of specific
performance and/or other injunctive relief), and nothing herein shall limit a
Holder's right to pursue actual damages for any failure by the Company to comply
with the terms of this Certificate of Designation. The Company acknowledges that
a breach by it of its obligations hereunder will cause irreparable harm to the
Holders of Series B Preferred Stock and that the remedy at law for any such
breach may be inadequate. The Company therefore agrees, in the event of any such
breach or threatened breach, that the Holders of Series B Preferred Stock shall
be entitled, in addition to all other available remedies, to an injunction
restraining any breach, without the necessity of showing economic loss and
without any bond or other security being required.

      (e) Whenever the Company is obligated to purchase or redeem a Holder's
Series B Preferred Stock, and the Redemption Price is not paid to the Holder by
the tenth (10th) day after the Redemption Price is due and payable to such
Holder, the Company shall thereafter pay interest to such Holder on the unpaid
portion of the Redemption Price at the rate of ten percent (10%) per annum,
compounded annually, until the Redemption Price is paid in full.

                                       41
<PAGE>

      IN WITNESS WHEREOF, the undersigned, being the President and Secretary of
Market Central, Inc., hereby declare under penalty of perjury that the foregoing
is a true and correct copy of the Certificate of Designation of the Rights and
Preferences of the Series B Convertible Preferred Stock of Market Central, Inc.
duly adopted by the Board of Directors of Market Central, Inc. on March 23,
2004, and this Certificate of Designation is executed by the undersigned on
behalf of Market Central, Inc. this 24th day of March, 2004.

                                       Market Central, Inc.

                                       By:  ____________________________
                                            William Goldstein, Co-Chairman

                                       By:  ___________________________
                                            Marc Bercoon, Assistant Secretary

                                       42
<PAGE>

                                   APPENDIX I

                              NOTICE OF CONVERSION
                          AT THE ELECTION OF THE HOLDER

(To be Executed by the Registered Holder
in order to Convert the Series B Preferred Stock of Market Central, Inc.)

The undersigned hereby irrevocably elects to convert the Series B Preferred
Stock into shares of Common Stock, par value $.001 per share (the "Common
Stock"), of Market Central, Inc. (the "Company") according to the provisions of
the Certificate of Designation hereof, as of the date written below. If shares
are to be issued in the name of a person other than undersigned, the undersigned
will pay all transfer taxes payable with respect thereto and is delivering
herewith such certificates and opinions as reasonably requested by the Company
in accordance therewith.

Conversion calculations:
                         -------------------------------------------------------
                            Date to Effect Conversion

                         -------------------------------------------------------
                            Number of Shares to be Converted

                         -------------------------------------------------------
                            Applicable Conversion Price

                         -------------------------------------------------------
                            Number of Shares to be Issued Upon Conversion

                         -------------------------------------------------------
                            Signature

                         -------------------------------------------------------
                            Name

                         -------------------------------------------------------
                            Address

                                       43EXHIBIT  10.1  2004  NON-QUALIFIED  STOCK  COMPENSATION  PLAN

                   2004 NON-QUALIFIED STOCK COMPENSATION PLAN

1.     PURPOSE  OF  PLAN

     1.1     This  2004  NON-QUALIFIED  STOCK  COMPENSATION PLAN (the "Plan") of
Hairmax  International,  Inc.,  a  Nevada  corporation  (the  "Company"),  for
employees,  directors,  officers  consultants,  advisors  and  other  persons
associated  with  the  Company, is intended to advance the best interests of the
Company by providing those persons who have a substantial responsibility for its
management  and  growth  with  additional  incentive  and  by  increasing  their
proprietary  interest in the success of the Company, thereby encouraging them to
maintain  their  relationships  with  the Company. Further, the availability and
offering of stock options and common stock under the Plan supports and increases
the  Company's  ability  to attract and retain individuals of exceptional talent
upon whom, in large measure, the sustained progress, growth and profitability of
the  Company  depends.

2.     DEFINITIONS

     2.1     For  Plan purposes, except where the context might clearly indicate
otherwise,  the  following  terms  shall  have  the  meanings  set  forth below:

     "Board"  shall  mean  the  Board  of  Directors  of  the  Company.

     "Committee"  shall mean the Compensation Committee, or such other committee
appointed by the Board, which shall be designated by the Board to administer the
Plan,  or the Board if no committees have been established.  The Committee shall
be composed of three or more persons as from time to time are appointed to serve
               ---------------------
by  the  Board.  Each member of the Committee, while serving as such, shall be a
disinterested  person  with  the  meaning  of  Rule  16b-3 promulgated under the
Securities  Exchange  Act  of  1934.

     "Common Shares" shall mean the Company's Common Shares, $.001 par value per
share, or, in the event that the outstanding Common Shares are hereafter changed
into  or exchanged for different shares of securities of the Company, such other
shares  or  securities.

     "Company" shall mean Hairmax International Corp., a Nevada Corporation, and
any  parent  or  subsidiary  corporation of Hairmax International Corp., as such
terms  are  defined  in  Sections  425(e) and 425(f), respectively, of the Code.

     "Fair  Market  Value"  shall  mean,  with respect to the date a given stock
option  is  granted or exercised, the average of the highest and lowest reported
sales  prices  of  the  Common Shares, as reported by such responsible reporting
service  as  the  Committee may select, or if there were not transactions in the
Common  Shares  on  such  day, then the last preceding day on which transactions
took place.  The above withstanding, the Committee may determine the Fair Market
Value in such other manner as it may deem more equitable for Plan purposes or as
is  required  by  applicable  laws  or  regulations.

     "Optionee"  shall  mean an employee of the company who has been granted one
or  more  Stock  Options  under  the  Plan.

     "Common  Stock"  shall  mean shares of common stock which are issued by the
Company  pursuant  to  Section  5,  below.

     "Common  Stockholder"  means the employee of, consultant to, or director of
the  Company  or other person to whom shares of Common Stock are issued pursuant
to  this  Plan.

     "Common  Stock  Agreement"  means  an  agreement  executed  by  a  Common
Stockholder  and  the Company as contemplated by Section 5, below, which imposes
on  the  shares of Common Stock held by the Common Stockholder such restrictions
as  the  Board  or  Committee  deem  appropriate.

     "Stock Option" or "Non-Qualified Stock Option" or "NQSO" shall mean a stock
option  granted  pursuant  to  the  terms  of  the  Plan.

     "Stock  Option  Agreement" shall mean the agreement between the Company and
the  Optionee  under  which  the  Optionee may purchase Common Shares hereunder.

3.     ADMINISTRATION  OF  THE  PLAN

     3.1     The  Committee  shall administer the Plan and accordingly, it shall
have  full power to grant Stock Options and Common Stock, construe and interpret
the  Plan, establish rules and regulations and perform all other acts, including
the  delegation  of  administrative responsibilities, it believes reasonable and
proper.

     3.2     The  determination  of  those eligible to receive Stock Options and
Common  Stock,  and  the amount, type and timing of each grant and the terms and
conditions of the respective stock option agreements and Common Stock Agreements
shall rest in the sole discretion of the Committee, subject to the provisions of
the  Plan.

     3.3     The  Committee  may cancel any Stock Options awarded under the Plan
if an Optionee conducts himself in a manner which the Committee determines to be
inimical  to  the  best  interest  of  the  Company,  as set forth more fully in
paragraph  8  of  Article  11  of  the  Plan.

     3.4     The  Board,  or  the  Committee, may correct any defect, supply any
omission  or  reconcile  any  inconsistency in the Plan, or in any granted Stock
Option, in the manner and to the extent it shall deem necessary to carry it into
effect.

     3.5     Any  decision  made, or action taken, by the Committee or the Board
arising  out  of  or in connection with the interpretation and administration of
the  Plan  shall  be  final  and  conclusive.

<PAGE>

     3.6     Meetings of the Committee shall be held at such times and places as
shall  be  determined  by  the  Committee.  A  majority  of  the  members of the
Committee  shall  constitute  a  quorum for the transaction of business, and the
vote  of  a  majority  of  those members present at any meeting shall decide any
question  brought  before that meeting.  In addition, the Committee may take any
action  otherwise proper under the Plan by the affirmative vote, taken without a
meeting,  of  a  majority  of  its  members.

     3.7     No  member of the Committee shall be liable for any act or omission
of any other member of the Committee or for any act or omission on his own part,
including,  but not limited to, the exercise of any power or discretion given to
him  under  the  Plan,  except  those resulting from his own gross negligence or
willful  misconduct.

     3.8     The  Company,  through its management, shall supply full and timely
information  to  the  Committee  on  all  matters relating to the eligibility of
Optionees,  their  duties  and  performance,  and  current  information  on  any
Optionee's  death,  retirement,  disability  or other termination of association
with  the  Company,  and  such  other pertinent information as the Committee may
require.  The  Company  shall furnish the Committee with such clerical and other
assistance  as  is  necessary  in  the  performance  of  its  duties  hereunder.

4.     SHARES  SUBJECT  TO  THE  PLAN

     4.1     The  total  number of shares of the Company available for grants of
Stock  Options and Common Stock under the Plan shall be 6,000,000 Common Shares,
subject to adjustment in accordance with Article 7 of the Plan, which shares may
be  either  authorized  but unissued or reacquired Common Shares of the Company.

     4.2     If  a Stock Option or portion thereof shall expire or terminate for
any reason without having been exercised in full, the unpurchased shares covered
by  such  NQSO  shall  be  available  for  future  grants  of  Stock  Options.

5.     AWARD  OF  COMMON  STOCK

     5.1     The  Board  or  Committee  from  time  to  time,  in  its  absolute
discretion,  may  (a)  award  Common  Stock to employees of, consultants to, and
directors  of  the Company, and such other persons as the Board or Committee may
select, and (b) permit Holders of Options to exercise such Options prior to full
vesting therein and hold the Common Shares issued upon exercise of the Option as
Common  Stock.  In  either such event, the owner of such Common Stock shall hold
such stock subject to such vesting schedule as the Board or Committee may impose
or  such  vesting schedule to which the Option was subject, as determined in the
discretion  of  the  Board  or  Committee.

     5.2     Common  Stock  shall  be  issued  only  pursuant  to a Common Stock
Agreement, which shall be executed by the Common Stockholder and the Company and
which  shall  contain  such terms and conditions as the Board or Committee shall
determine  consistent with this Plan, including such restrictions on transfer as
are  imposed  by  the  Common  Stock  Agreement.

     5.3     Upon  delivery  of  the  shares  of  Common  Stock  to  the  Common
Stockholder, below, the Common Stockholder shall have, unless otherwise provided
by  the Board or Committee, all the rights of a stockholder with respect to said
shares, subject to the restrictions in the Common Stock Agreement, including the
right to receive all dividends and other distributions paid or made with respect
to  the  Common  Stock.

     5.4.     Notwithstanding  anything  in  this  Plan  or  any  Common  Stock
Agreement  to  the  contrary,  no  Common  Stockholders  may  sell  or otherwise
transfer, whether or not for value, any of the Common Stock prior to the date on
which  the  Common  Stockholder  is  vested  therein.

     5.5     All  shares  of  Common Stock issued under this Plan (including any
shares of Common Stock and other securities issued with respect to the shares of
Common  Stock as a result of stock dividends, stock splits or similar changes in
the  capital  structure of the Company) shall be subject to such restrictions as
the  Board  or  Committee shall provide, which restrictions may include, without
limitation, restrictions concerning voting rights, transferability of the Common
Stock and restrictions based on duration of employment with the Company, Company
performance  and  individual  performance;  provided that the Board or Committee
may,  on such terms and conditions as it may determine to be appropriate, remove
any  or  all  of such restric-tions.  Common Stock may not be sold or encumbered
until  all applicable restrictions have terminated or expire.  The restrictions,
if any, imposed by the Board or Committee or the Board under this Section 5 need
not  be  identical  for  all Common Stock and the imposition of any restrictions
with respect to any Common Stock shall not require the imposition of the same or
any  other  restrictions  with  respect  to  any  other  Common  Stock.

     5.6     Each  Common  Stock  Agreement shall provide that the Company shall
have  the  right  to  repurchase from the Common Stockholder the unvested Common
Stock  upon  a  termination  of  employment,  termination  of  directorship  or
termination  of  a  consultancy  arrangement, as applicable, at a cash price per
share equal to the purchase price paid by the Common Stockholder for such Common
Stock.

     5.7     In  the  discretion  of  the  Board  or Committee, the Common Stock
Agreement  may  provide that the Company shall have the a right of first refusal
with  respect  to  the  Common Stock and a right to repurchase the vested Common
Stock  upon  a  termination  of  the  Common  Stockholder's  employment with the
Company, the termination of the Common Stockholder's consulting arrangement with
the  Company,  the  termination  of  the  Common  Stockholder's  service  on the
Company's  Board,  or  such  other  events  as  the  Board or Committee may deem
appropriate.

     5.8     The Board or Committee shall cause a legend or legends to be placed
on  certificates  representing  shares  of  Common  Stock  that  are  subject to
restrictions  under  Common Stock Agreements, which legend or legends shall make
appropriate  reference  to  the  applicable  restrictions.

6.     STOCK  OPTION  TERMS  AND  CONDITIONS

     6.1     Consistent with the Plan's purpose, Stock Options may be granted to
non-employee directors of the Company or other persons who are performing or who
have  been  engaged to perform services of special importance to the management,
operation  or  development  of  the  Company.

     6.2     All  Stock  Options  granted  under  the Plan shall be evidenced by
agreements which shall be subject to applicable provisions of the Plan, and such
other  provisions as the Committee may adopt, including the provisions set forth
in  paragraphs  2  through  11  of  this  Section  6.

     6.3     All  Stock  Options  granted  hereunder  must be granted within ten
years  from  the  earlier of the date of this Plan is adopted or approved by the
Company's  shareholders.

     6.4     No Stock Option granted to any employee or 10% Shareholder shall be
exercisable  after  the  expiration  of  ten  years  from  the date such NQSO is
granted.  The  Committee, in its discretion, may provide that an Option shall be
exercisable  during  such  ten  year period or during any lesser period of time.

     The  Committee  may establish installment exercise terms for a Stock Option
such that the NQSO becomes fully exercisable in a series of cumulating portions.
If  an  Optionee  shall  not,  in any given installment period, purchase all the
Common  Shares  which  such  Optionee  is  entitled  to  purchase  within  such
installment  period,  such  Optionee's  right  to purchase any Common Shares not
purchased  in  such  installment  period  shall continue until the expiration or
sooner  termination of such NQSO. The Committee may also accelerate the exercise
of  any NQSO. However, no NQSO, or any portion thereof, may be exercisable until
thirty  (30)  days  following  date  of  grant  ("30-Day  Holding  Period.").

     6.5     A  Stock Option, or portion thereof, shall be exercised by delivery
of  (i)  a  written  notice  of exercise of the Company specifying the number of
common shares to be purchased, and (ii) payment of the full price of such Common
Shares,  as  fully  set  forth  in  paragraph  6  of  this  Section  6.

     No  NQSO or installment thereof shall be exercisable except with respect to
whole shares, and fractional share interests shall be disregarded. Not less than
100  Common  Shares  may be purchased at one time unless the number purchased is
the  total  number  at the time available for purchase under the NQSO. Until the
Common  Shares  represented  by  an exercised NQSO are issued to an Optionee, he
shall  have  none  of  the  rights  of  a  shareholder.

     6.6     The  exercise  price  of a Stock Option, or portion thereof, may be
paid:

          A.     In  United  States  dollars,  in  cash  or  by cashier's check,
certified  check, bank draft or money order, payable to the order of the Company
in  an  amount  equal  to  the  option  price;  or

          B.     At  the  discretion  of  the Committee, through the delivery of
fully  paid and nonassessable Common Shares, with an aggregate Fair Market Value
on  the  date  the  NQSO  is  exercised equal to the option price, provided such
tendered  Shares  have been owned by the Optionee for at least one year prior to
such  exercise;  or

          C.     By  a  combination  of  both  A  and  B  above.

     The  Committee  shall  determine  acceptable  methods  for tendering Common
Shares  as  payment  upon  exercise  of  a  Stock  Option  and  may  impose such
limitations  and prohibitions on the use of Common Shares to exercise an NQSO as
it  deems  appropriate.

     6.7     With  the  Optionee's  consent,  the Committee may cancel any Stock
Option  issued  under  this  Plan  and  issue  a  new  NQSO  to  such  Optionee.

     6.8     Except by will or the laws of descent and distribution, no right or
interest  in  any  Stock  Option  granted  under the Plan shall be assignable or
transferable,  and  no right or interest of any Optionee shall be liable for, or
subject  to,  any  lien,  obligation or liability of the Optionee. Stock Options
shall  be exercisable during the Optionee's lifetime only by the Optionee or the
duly  appointed  legal  representative  of  an  incompetent  Optionee.

     6.9     If  the  Optionee  shall  die  while associated with the Company or
within  three  months  after  termination  of  such  association,  the  personal
representative  or  administrator  of  the Optionee's estate or the person(s) to
whom  an  NQSO  granted  hereunder  shall  have been validly transferred by such
personal  representative or administrator pursuant to the Optionee's will or the
laws  of descent and distribution, shall have the right to exercise the NQSO for
one  year  after  the date of the Optionee's death, to the extent (i)  such NQSO
was exercisable on the date of such termination of employment by death, and (ii)
such  NQSO was not exercised, and (iii)  the exercise period may not be extended
beyond  the  expiration  of  the  term  of  the  Option.

     No  transfer of a Stock Option by the will of an Optionee or by the laws of
descent  and  distribution  shall  be  effective  to bind the Company unless the
Company  shall  have  been  furnished  with  written  notice  thereof  and  an
authenticated  copy  of the will and/or such other evidence as the Committee may
deem  necessary  to establish the validity of the transfer and the acceptance by
the  transferee  or transferee of the terms and conditions by such Stock Option.

     In  the  event of death following termination of the Optionee's association
with  the  Company  while  any  portion  of  an  NQSO  remains  exercisable, the
Committee,  in  its  discretion,  may  provide  for an extension of the exercise
period  of  up  to  one  year  after  the  Optionee's  death  but not beyond the
expiration  of  the  term  of  the  Stock  Option.

     6.10    Any  Optionee  who  disposes  of  Common  Shares  acquired  on  the
exercise  of  a  NQSO  by sale or exchange either (i) within two years after the
date of the grant of the NQSO under which the stock was acquired, or (ii) within
one  year after the acquisition of such Shares, shall notify the Company of such
disposition  and  of the amount realized upon such disposition.  The transfer of
Common  Shares may also be Common by applicable provisions of the Securities Act
of  1933,  as  amended.

7.     ADJUSTMENTS  OR  CHANGES  IN  CAPITALIZATION

     7.1     In  the event that the outstanding Common Shares of the Company are
hereafter  changed into or exchanged for a different number or kind of shares or
other  securities  of  the  Company  by  reason  of merger, consolidation, other
reorganization, recapitalization, reclassification, combination of shares, stock
split-up  or  stock  dividend:

          A.     Prompt,  proportionate,  equitable,  lawful  and  adequate
adjustment  shall  be made of the aggregate number and kind of shares subject to
Stock  Options which may be granted under the Plan, such that the Optionee shall
have  the  right to purchase such Common Shares as may be issued in exchange for
the  Common  Shares  purchasable  on  exercise  of  the  NQSO  had  such merger,
consolidation,  other  reorganization,  recapitalization,  reclassification,
combination  of  shares,  stock  split-up  or  stock  dividend  not taken place;

          B.     Rights  under  unexercised  Stock  Options  or portions thereof
granted  prior  to  any such change, both as to the number or kind of shares and
the  exercise  price  per  share, shall be adjusted appropriately, provided that
such  adjustments  shall  be  made  without  change  in the total exercise price
applicable to the unexercised portion of such NQSO's but by an adjustment in the
price  for  each  share  covered  by  such  NQSO's;  or

          C.     Upon  any  dissolution  or  liquidation  of  the Company or any
merger  or combination in which the Company is not a surviving corporation, each
outstanding  Stock  Option  granted  hereunder shall terminate, but the Optionee
shall have the right, immediately prior to such dissolution, liquidation, merger
or  combination, to exercise his NQSO in whole or in part, to the extent that it
shall  not  have  been  exercised,  without  regard  to any installment exercise
provisions  in  such  NQSO.

     7.2     The  foregoing  adjustments  and  the  manner of application of the
foregoing  provisions  shall  be  determined  solely  by  the  Committee,  whose
determination as to what adjustments shall be made and the extent thereof, shall
be final, binding and conclusive. No fractional Shares shall be issued under the
Plan  on  account  of  any  such  adjustments.

8.     MERGER,  CONSOLIDATION  OR  TENDER  OFFER

     8.1     If  the  Company  shall  be  a  party to a binding agreement to any
merger,  consolidation or reorganization or sale of substantially all the assets
of  the  Company,  each  outstanding Stock Option shall pertain and apply to the
securities and/or property which a shareholder of the number of Common Shares of
the  Company  subject  to the NQSO would be entitled to receive pursuant to such
merger,  consolidation  or  reorganization  or  sale  of  assets.

     8.2     In  the  event  that:

          A.     Any  person  other than the Company shall acquire more than 20%
of  the  Common  Shares of the Company through a tender offer, exchange offer or
otherwise;

          B.     A  change  in the "control" of the Company occurs; as such term
is  defined  in  Rule  405  under  the  Securities  Act  of  1933;

          C.     There shall be a sale of all or substantially all of the assets
of  the  Company;

any  then  outstanding  Stock  Option  held by an Optionee, who is deemed by the
Committee  to  be  a statutory officer ("Insider") for purposes of Section 16 of
the Securities Exchange Act of 1934 shall be entitled to receive, subject to any
action  by  the Committee revoking such an entitlement as provided for below, in
lieu  of  exercise  of  such  Stock  Option,  to  the  extent  that  it  is then
exercisable,  a  cash  payment  in an amount equal to the difference between the
aggregate  exercise  price  of  such  NQSO, or portion thereof, and, (i)  in the
event  of  an  offer  or similar event, the final offer price per share paid for
Common  Shares, or such lower price as the Committee may determine to conform an
option  to  preserve  its Stock Option status, times the number of Common Shares
covered by the NQSO or portion thereof, or (ii)  in the case of an event covered
by B or C above, the aggregate Fair Market Value of the Common Shares covered by
the  Stock  Option,  as  determined  by  the  Committee  at  such  time.

     8.3     Any  payment  which  the  Company  is  required to make pursuant to
paragraph 8.2 of this Section 8 shall be made within 15 business days, following
the  event  which results in the Optionee's right to such payment.  In the event
of  a tender offer in which fewer than all the shares which are validly tendered
in compliance with such offer are purchased or exchanged, then only that portion
of  the  shares  covered by an NQSO as results from multiplying such shares by a
fraction,  the  numerator  of  which  is  the  number  of Common Shares acquired
pursuant  to  the  offer  and  the  denominator of which is the number of Common
Shares  tendered  in  compliance  with such offer shall be used to determine the
payment thereupon. To the extent that all or any portion of a Stock Option shall
be  affected  by  this  provision,  all  or  such  portion  of the NQSO shall be
terminated.

     8.4     Notwithstanding  paragraphs  8.1  and  8.3  of  this Section 8, the
Committee  may,  by  unanimous  vote  and  resolution,  unilaterally  revoke the
benefits  of the above provisions; provided, however, that such vote is taken no
later  than  ten business days following public announcement of the intent of an
offer  or  the  change  of  control,  whichever  occurs  earlier.

9.     AMENDMENT  AND  TERMINATION  OF  PLAN

     9.1     The  Board  may  at  any  time,  and  from time to time, suspend or
terminate  the  Plan  in  whole or in part or amend it from time to time in such
respects  as  the  Board  may  deem  appropriate and in the best interest of the
Company.

     9.2     No amendment, suspension or termination of this Plan shall, without
the  Optionee's  consent, alter or impair any of the rights or obligations under
any  Stock  Option  theretofore  granted  to  him  under  the  Plan.

     9.3     The  Board  may  amend  the  Plan, subject to the limitations cited
above,  in  such  manner  as  it deems necessary to permit the granting of Stock
Options  meeting the requirements of future amendments or issued regulations, if
any,  to  the  Code.

     9.4     No  NQSO  may be granted during any suspension of the Plan or after
termination  of  the  Plan.

10.    GOVERNMENT  AND  OTHER  REGULATIONS

     10.1    The  obligation  of  the  Company  to  issue,  transfer and deliver
Common Shares for Stock Options exercised under the Plan shall be subject to all
applicable  laws, regulations, rules, orders and approval which shall then be in
effect  and  required by the relevant stock exchanges on which the Common Shares
are  traded and by government entities as set forth below or as the Committee in
its  sole  discretion  shall  deem  necessary  or  advisable.  Specifically,  in
connection  with  the  Securities  Act of 1933, as amended, upon exercise of any
Stock  Option,  the  Company shall not be required to issue Common Shares unless
the  Committee  has  received evidence satisfactory to it to the effect that the
Optionee  will  not  transfer  such  shares  except  pursuant  to a registration
statement  in effect under such Act or unless an opinion of counsel satisfactory
to  the  Company  has  been  received  by  the  Company  to the effect that such
registration  is  not  required.  Any  determination  in  this connection by the
Committee  shall be final, binding and conclusive. The Company may, but shall in
no  event  be  obligated to, take any other affirmative action in order to cause
the exercise of a Stock Option or the issuance of Common Shares pursuant thereto
to  comply  with  any  law  or  regulation  of  any  government  authority.

11.    MISCELLANEOUS  PROVISIONS

     11.1    No  person  shall  have  any  claim or right  to be granted a Stock
Option  or Common Stock under the Plan, and the grant of an NQSO or Common Stock
under  the  Plan  shall  not  be  construed  as  giving  an  Optionee  or Common
Stockholder  the  right to be retained by the Company.  Furthermore, the Company
expressly  reserves  the right at any time to terminate its relationship with an
Optionee  with or without cause, free from any liability, or any claim under the
Plan,  except  as  provided  herein, in an option agreement, or in any agreement
between  the  Company  and  the  Optionee.

     11.2    Any  expenses  of  administering  this  Plan  shall be borne by the
Company.

     11.3    The  payment  received  from  Optionee  from  the exercise of Stock
Options  under  the Plan shall be used for the general corporate purposes of the
Company.

     11.4    The  place  of administration of  the Plan shall be in the State of
Nevada,  and  the  validity,  construction,  interpretation,  administration and
effect  of the Plan and of its rules and regulations, and rights relating to the
Plan,  shall  be  determined  solely in accordance with the laws of the State of
Nevada.

     11.5    Without  amending  the  Plan, grants may be made to persons who are
foreign  nationals or employed outside the United States, or both, on such terms
and  conditions,  consistent  with  the  Plan's  purpose,  different  from those
specified  in the Plan as may, in the judgment of the Committee, be necessary or
desirable  to  create  equitable  opportunities given differences in tax laws in
other  countries.

     11.6    In  addition  to  such other rights  of indemnification as they may
have  as  members  of  the  Board or the Committee, the members of the Committee
shall  be  indemnified  by the Company against all costs and expenses reasonably
incurred by them in connection with any action, suit or proceeding to which they
or  any  of  them  may  be party by reason of any action taken or failure to act
under or in connection with the Plan or any Stock Option granted thereunder, and
against all amounts paid by them in settlement thereof (provided such settlement
is  approved  by  independent  legal counsel selected by the Company) or paid by
them  in  satisfaction  of  a  judgment  in any such action, suit or proceeding,
except  a  judgment  based  upon a finding of bad faith;  provided that upon the
institution  of any such action, suit or proceeding a Committee member shall, in
writing, give the Company notice thereof and an opportunity, at its own expense,
to  handle and defend the same, with counsel acceptable to the Optionee,  before
such  Committee  member  undertakes  to  handle and defend it on his own behalf.

     11.7    Stock  Options may be granted under this Plan from time to time, in
substitution  for  stock options held by employees of other corporations who are
about  to  become  employees  of  the  Company  as  the  result  of  a merger or
consolidation  of  the employing corporation with the Company or the acquisition
by  the Company of the assets of the employing corporation or the acquisition by
the  Company  of  stock  of  the  employing  corporation as a result of which it
becomes  a  subsidiary  of  the  Company.  The  terms  and  conditions  of  such
substitute  stock  options so granted may vary from the terms and conditions set
forth  in  this  Plan to such extent as the Board of Directors of the Company at
the  time  of grant may deem appropriate to conform, in whole or in part, to the
provisions  of the stock options in substitution for which they are granted, but
no  such variations shall be such as to affect the status of any such substitute
stock  options  as  a  stock  option  under  Section  422A  of  the  Code.

     11.8    Notwithstanding  anything  to  the  contrary  in  the  Plan, if the
Committee  finds  by  a  majority  vote,  after  full consideration of the facts
presented  on behalf of both the Company and the Optionee, that the Optionee has
been  engaged  in  fraud,  embezzlement, theft, insider trading in the Company's
stock,  commission  of  a  felony  or  proven  dishonesty  in  the course of his
association  with  the  Company  or any subsidiary corporation which damaged the
Company  or  any  subsidiary corporation, or for disclosing trade secrets of the
Company  or  any  subsidiary  corporation,  the  Optionee  shall  forfeit  all
unexercised  Stock  Options and all exercised NQSO's under which the Company has
not  yet  delivered  the certificates and which have been earlier granted to the
Optionee  by the Committee.  The decision of the Committee as to the cause of an
Optionee's  discharge  and  the  damage  done to the Company shall be final.  No
decision  of  the Committee, however, shall affect the finality of the discharge
of  such  Optionee  by  the Company or any subsidiary corporation in any manner.

12.    WRITTEN  AGREEMENT

     12.1    Each  Stock Option granted hereunder shall be embodied in a written
Stock  Option  Agreement  which  shall  be  subject  to the terms and conditions
prescribed above and shall be signed by the Optionee and by the President or any
Vice President of the Company, for and in the name and on behalf of the Company.
Such  Stock  Option  Agreement  shall  contain  such  other  provisions  as  the
Committee,  in  its  discretion  shall  deem  advisable.

<PAGE>

Number of Shares: ________________                              Date of Grant:

                  FORM OF NON-QUALIFIED STOCK OPTION AGREEMENT

     AGREEMENT made this _________ day of _________ 200_, between ____________
(the "Optionee"), and  Hairmax  International,  Inc. (the "Company").

     1.     GRANT  OF  OPTION

     The  Company,  pursuant  to  the  provisions  of  the  Non-Qualified  Stock
Compensation Plan (the "Plan"), adopted by the Board of Directors on , 2004, the
Company  hereby  grants to the Optionee, subject to the terms and conditions set
forth  or incorporated herein, an option to purchase from the Company all or any
part  of  an  aggregate  of  shares of its $.001 par value common stock, as such
common  stock  is  now  constituted,  at  the purchase price of $ per share. The
provisions  of the Plan governing the terms and conditions of the Option granted
hereby  are  incorporated  in  full  herein  by  reference.

     2.     EXERCISE

     The  Option evidenced hereby shall be exercisable in whole or in part on or
after  _________  and  on  or  before  __________________  ,  provided  that the
cumulative  number  of  shares  of  common  stock as to which this Option may be
exercised  (except  in  the  event  of death, retirement, or permanent and total
disability,  as  provided  in  paragraph  6.9  of the Plan) shall not exceed the
following  amounts:

     Cumulative Number          Prior to Date
         of Shares             (Note Inclusive of)
     -----------------          -----------------

The  Option evidenced hereby shall be exercisable by the delivery to and receipt
by  the  Company of (i)  written notice of election to exercise, in the form set
forth  in  Attachment B hereto, specifying the number of shares to be purchased;
(ii)  accompanied  by  payment  of  the  full  purchase price thereof in cash or
certified  check  payable  to  the  order  of  the Company, or by fully paid and
nonassessable common stock of the Company properly endorsed over to the Company,
or  by  a  combination  thereof,  and  (iii)  by  return  of  this  Stock Option
Agreement  for  endorsement of exercise by the Company on Schedule I hereof.  In
the  event  fully  paid  and nonassessable common stock is submitted as whole or
partial  payment for shares to be purchased hereunder, such common stock will be
valued  at  their  Fair  Market  Value (as defined in the Plan) on the date such
shares  received  by  the  Company are applied to payment of the exercise price.

<PAGE>
     3.     TRANSFERABILITY

     The  Option  evidenced  hereby  is  not  assignable  or transferable by the
Optionee  other  than  by  the  Optionee's  will  or  by the laws of descent and
distribution,  as  provided  in  paragraph  6.9 of the Plan. The Option shall be
exercisable  only  by  the  Optionee  during  his  lifetime.

                              Hairmax  International,  Inc.

                              By:
                              Name:
ATTEST:                       Title:

________________________
Secretary

     Optionee hereby acknowledges receipt of a copy of the Plan, attached hereto
and  accepts  this  Option  subject to each and every term and provision of such
Plan.  Optionee  hereby  agrees  to accept as binding, conclusive and final, all
decisions or interpretations of the Board of Directors administering the Plan on
any  questions  arising under such Plan.  Optionee recognizes that if Optionee's
employment  with  the  Company  or  any  subsidiary  thereof shall be terminated
without  cause,  or  by  the  Optionee,  prior  to  completion  or  satisfactory
performance  by  Optionee  (except  as  otherwise provided in paragraph 6 of the
Plan)  all  of  the  Optionee's  rights hereunder shall thereupon terminate; and
that,  pursuant  to  paragraph  6  of the Plan, this Option may not be exercised
while  there  is outstanding to Optionee any unexercised Stock Option granted to
Optionee  before  the  date  of  grant  of  this  Option.

Dated:____________                    ________________________
                                      Optionee

                                      ________________________
                                      Print Name

                                      ________________________
                                      Address

                                      ________________________
                                      Social Security No.
<PAGE>

ATTACHMENT B

                               NOTICE OF EXERCISE

To:     Hairmax  International

(1)  The  undersigned hereby elects to purchase ________ shares of Common Shares
     (the "Common Shares"), of Hairmax International, Inc. pursuant to the terms
     of  the attached Non-Qualified Stock Option Agreement, and tenders herewith
     payment  of  the  exercise  price  in  full,  together  with all applicable
     transfer  taxes,  if  any.

(2)  Please  issue  a  certificate  or  certificates representing said shares of
     Common  Shares  in  the name of the undersigned or in such other name as is
     specified  below:

               _______________________________
               (Name)

               _______________________________
               (Address)
               _______________________________

Dated:

                                   ______________________________
                                   Signature

Optionee: ________________         Date of Grant: _______________

<TABLE>
<CAPTION>

                                   SCHEDULE I

                                               UNEXERCISED      ISSUING
DATE         SHARES            PAYMENT         SHARES           OFFICER
             PURCHASED         RECEIVED        REMAINING        INITIALS
----         ---------         --------        -----------      --------

<S>          <C>               <C>             <C>              <C>
____         _________         ________        ___________      ________
____         _________         ________        ___________      ________
____         _________         ________        ___________      ________
____         _________         ________        ___________      ________
____         _________         ________        ___________      ________
____         _________         ________        ___________      ________
____         _________         ________        ___________      ________
____         _________         ________        ___________      ________
____         _________         ________        ___________      ________
____         _________         ________        ___________      ________
____         _________         ________        ___________      ________
____         _________         ________        ___________      ________

</TABLE>

<PAGE>

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