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                                                                   EXHIBIT 10.51

                          SELLING SHAREHOLDER AGREEMENT

         AGREEMENT by and among High Speed Net Solutions, Inc., a Florida
corporation (the "Company"), and the holder of the Company's Common Stock whose
name is set forth on the signature page to this Agreement ("Selling
Shareholder").

                               W I T N E S S E T H:

         WHEREAS, the Company has sold shares of its Common Stock to the Selling
Shareholder under a Subscription Agreement dated July ____, 2000 (the
"Subscription Agreement"); and

         WHEREAS, in connection with the Subscription Agreement, the Company
intends to register certain shares of the Company's Common Stock and the Selling
Shareholder desires that the Company register certain shares, as set forth on
Schedule 1 hereto, of the Company's Common Stock held or to be held by Selling
Shareholder (the "Shares") in such registration; and

         NOW THEREFORE, in consideration of the premises and the mutual terms
and provisions hereof, the parties hereto hereby agree as follows:

         1. Definitions. For purposes of this Agreement, the following terms
shall have the following respective meanings:

         (a) "Act" shall mean the Securities Act of 1933, as amended, or any
similar federal statute enacted hereafter, and the rules and regulations of the
Commission there under, all as the same shall be in effect from time to time.

         (b) "Commission" shall mean the Securities and Exchange Commission or
any other federal agency at the time administering the Act.

         (c) The terms "register," "registered" and "registration" refer to a
registration effected by preparing and filing a registration statement in
compliance with the Act and the declaration or ordering of effectiveness of such
registration statement by the Commission.

         2. Registration. The Company shall register the Shares set forth on
Schedule 1 pursuant to a registration statement on Form S-1 covering the resale
of certain shares of the Company's Common Stock that the Company intends to
file. The Company shall file the registration statement with the Commission on
or before December 31, 2000. The Selling Shareholder acknowledges and
understands that: (i) the Company shall register only the Shares as set forth on
Schedule 1 hereto in fulfillment of its obligations to register the Selling
Shareholder's securities under this Agreement or any agreement; and (ii) the
Company shall be under no additional obligation to register any other securities
of the Company held by Selling Shareholder, including, without limitation,
options or other rights of the Selling Shareholder to acquire securities of the
Company.

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         3. Furnish Information. The Selling Shareholder shall furnish to the
Company such information regarding Selling Shareholder, Selling Shareholder's
officers, directors, shareholders, family members, and affiliates, as
applicable, the Shares and the intended method of disposition of the Shares as
the Company shall reasonably request and as shall be required in connection with
the action to be taken by the Company.

         4. Suspension of Disposition of Shares. Selling Shareholder agrees
that, upon receipt of any notice from the Company, of (a) the happening of any
event as a result of which the prospectus included in such registration
statement contains an untrue statement of a material fact or omits any fact
necessary to make the statements therein not misleading, (b) any requests by the
Commission for amendments or supplements to the registration statement or the
prospectus or for additional information, (c) the issuance of any stop order
suspending the effectiveness of the registration statement, (d) the information
in the registration statement no longer being sufficient to permit continued
sales under the registration statement, or (e) the receipt by the Company of any
notification with respect to the suspension of the qualification of the Shares
for sale in any jurisdiction, Selling Shareholder will forthwith discontinue
disposition of the Shares until the Company notifies the Selling Shareholder in
writing that sales of Shares may continue. If so directed by the Company, such
Selling Shareholder will deliver to the Company (at the expense of the Company)
all copies, other than permanent file copies then in such Selling Shareholder's
possession, of the prospectus covering such Shares current at the time of
receipt of such notice.

         5. Expenses of Registration. All reasonable expenses, other than
underwriting discounts and commissions, incurred in connection with
registrations, filings or qualifications pursuant to Section 2, including,
without limitation, all registration, listing and qualification fees, printers
and accounting fees and the fees and disbursements of counsel for the Company
shall be borne by the Company. The Selling Shareholder shall bear the fees and
disbursements of its own counsel.

         6. Limitation of the Company's Obligations. The Company shall not be
obligated under this Agreement to register or include in any registration Shares
that Selling Shareholder has requested to be registered if the Company shall
furnish Selling Shareholder with a written opinion of counsel reasonably
satisfactory to Selling Shareholder, that all Shares that Selling Shareholder
holds may be publicly offered, sold and distributed without registration under
the Act pursuant to Rule 144 promulgated by the Commission under the Act without
restriction as to the amount of securities that can be sold.

         7. Release. Selling Shareholder does hereby release and forever
discharge and agrees not to sue the Company and its officers, directors,
shareholders, employees, agents, assigns, beneficiaries, insurers, successors,
and representatives, from and against any and all known and unknown, actions,
causes of action, claims, demands, damages, rights, equities, costs, expenses,
fiduciary duties, attorneys' fees, compensation, and all incidental,
consequential, special, punitive, nominal and other damages known and unknown,
past, present, or prospective of any kind or nature whatsoever which Selling
Shareholder may have, including claims in any way relating to, reflecting,
arising or in connection with any registration rights with respect to the
Shares. Selling Shareholder further represents that, as of the date of execution
of this

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 Agreement, Selling Shareholder has not filed with any agency or court
any complaints or lawsuits against the Company, its officers, directors,
shareholders, employees, agents, assigns, beneficiaries, insurers, successors,
and representatives. Selling Shareholder agrees to indemnify the Company and its
officers, directors, shareholders, employees, agents, assigns, beneficiaries,
insurers, successors, and representatives from all claims, including all
attorneys' fees, costs and expenses arising out of Selling Shareholder's breach
of this Section 7 or any misrepresentation of fact made by Selling Shareholder
which is contained in or made the basis of this Section 7. Selling Shareholder
further agrees to execute at the Company's request, such additional waivers,
releases, indemnities or other instruments as such the Company shall deem
reasonably necessary to effectuate the provisions of this Section 7.

         8. Indemnification.

                  (a) Except in the case of a sale by Selling Shareholder in
violation of Section 4 hereof, the Company agrees to indemnify and hold harmless
Selling Shareholder, its directors, its officers and each person, if any, who
controls any Selling Shareholder within the meaning of Section 15 of the Act or
Section 20 of the Exchange Act, from and against any and all losses, claims,
damages, liabilities and judgments (including, without limitation, any
reasonable legal or other expenses incurred in connection with investigating or
defending any matter, including any action, that could give rise to any such
losses, claims, damages, liabilities or judgments) caused by any untrue
statement or alleged untrue statement of a material fact contained in the
registration statement filed by the Company pursuant to Section 2, including any
preliminary prospectus or final prospectus contained therein (or any amendment
thereto), or caused by any omission or alleged omission to state therein a
material fact required to be stated therein or necessary to make the statements
therein not misleading except insofar as such losses, claims, damages,
liabilities or judgments are caused by any such untrue statement or omission or
alleged untrue statement or omission based upon information relating to any
Selling Shareholder furnished in writing to the Company by such Selling
Shareholder expressly for use therein.

                  (b) Selling Shareholder agrees to indemnify and hold harmless
the Company, its directors, its officers and each person, if any, who controls
the Company within the meaning of Section 15 of the Act or Section 20 of the
Exchange Act, from and against any and all losses, claims, damages, liabilities
and judgments (including, without limitation, any legal or other expenses
incurred in connection with investigating or defending any matter, including any
action, that could give rise to any such losses, claims, damages, liabilities or
judgments) caused by any untrue statement or alleged untrue statement of a
material fact contained in the registration statement filed pursuant to Section
2, including any preliminary prospectus or final prospectus contained therein
(or any amendment thereto), or caused by any omission or alleged omission to
state therein a material fact required to be stated therein or necessary to make
the statements therein not misleading, but only with respect to losses, claims,
damages, liabilities and judgments caused by an untrue statement or omission or
alleged untrue statement or omission based on information relating to such
Selling Shareholder furnished in by or on behalf of such Selling Shareholder
expressly for use in the registration statement filed pursuant to Section 2,
including any preliminary prospectus or final prospectus contained therein (or
any amendment thereto).

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                  (c) In case any action shall be commenced involving any person
in respect of which indemnity may be sought pursuant to Sections 8(a) and 8(b)
(the "Indemnified Party"), the indemnified party shall promptly notify the
person against whom such indemnity may be sought (the "Indemnifying Party") in
writing and the Indemnifying Party shall assume the defense of such action,
including the employment of counsel reasonably satisfactory to the Indemnified
Party and the payment of all reasonable fees and expenses of such counsel, as
incurred. Any Indemnified Party shall have the right to employ separate counsel
in any such action and participate in the defense thereof, but the fees and
expenses of such counsel shall be at the expense of the Indemnified Party unless
(i) the employment of such counsel shall have been specifically authorized in
writing by the Indemnifying Party, (ii) the Indemnifying Party shall have failed
to assume the defense of such action or employ counsel reasonably satisfactory
to the Indemnified Party or (iii) the named parties to any such action
(including any impleaded parties) include both the Indemnified Party and the
Indemnifying Party, and the Indemnified Party shall have been advised by such
counsel that there may be one or more legal defenses available to it which are
different from or additional to those available to the Indemnifying Party (in
which case the Indemnifying Party shall not have the right to assume the defense
of such action on behalf of the Indemnified Party). In any such case, the
Indemnifying Party shall not, in connection with any one action or separate but
substantially similar or related actions in the same jurisdiction arising out of
the same general allegations or circumstances, be liable for (i) the reasonable
fees and expenses of more than one separate firm of attorneys (in addition to
any local counsel) for (x) the Company, its directors, its officers and all
persons, if any, who control the Company within the meaning of either such
Section, and (iii) the reasonable fees and expenses of more than one separate
firm of attorneys (in addition to any local counsel) for the Selling
Shareholders, and all such fees and expenses shall be reimbursed as they are
incurred. The Indemnifying Party shall indemnify and hold harmless the
Indemnified Party from and against any and all losses, claims, damages,
liabilities and judgments by reason of any settlement of any action (i) effected
with its written consent or (ii) effected without its written consent if the
settlement is entered into more than twenty business days after the Indemnifying
Party shall have received a written request from the Indemnified Party for
reimbursement for the fees and expenses of counsel (in any case where such fees
and expenses are at the expense of the Indemnifying Party) and, prior to the
date of such settlement, the Indemnifying Party shall have failed to comply with
such reimbursement request. No Indemnifying Party shall, without the prior
written consent of the Indemnified Party, effect any settlement or compromise
of, or consent to the entry of judgment with respect to, any pending or
threatened action in respect of which the Indemnified Party is or could have
been a party and indemnity or contribution may be or could have been sought
hereunder by the Indemnified Party, unless such settlement, compromise or
judgment (i) includes an unconditional release of the Indemnified Party from all
liability on claims that are or could have been the subject matter of such
action and (ii) does not include a statement as to or an admission of fault,
culpability or a failure to act, by or on behalf of the Indemnified Party.

                  (d) To the extent the indemnification provided for in this
Section 8 is unavailable (other than in accordance with the terms hereof) to an
Indemnified Party or insufficient in respect of any losses, claims, damages,
liabilities or judgments referred to therein, then each Indemnifying Party, in
lieu of indemnifying such Indemnified Party, shall contribute to the amount paid
or payable by such Indemnified Party as a result of such losses, claims,
damages,

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liabilities and judgments (i) in such proportion as is appropriate to reflect
the relative benefits received by the Indemnifying Party or parties on the one
hand and the Indemnified Party or parties on the other hand from the offering of
the Shares or (ii) if the allocation provided by clause 8(d)(i) above is not
permitted by applicable law, in such proportion as is appropriate to reflect not
only the relative benefits referred to in clause 8(d)(i) above but also the
relative fault of the Indemnifying Party or parties on the one hand and the
Indemnified Party or parties on the other hand in connection with the statements
or omissions which resulted in such losses, claims, damages, liabilities or
judgments, as well as any other relevant equitable considerations. The relative
fault of the Company and the Selling Shareholder shall be determined by
reference to, among other things, whether the untrue or alleged untrue statement
of a material fact or the omission or alleged omission to state a material fact
relates to information supplied by the Company or the Selling Shareholder, and
the parties' relative intent, knowledge, access to information and opportunity
to correct or prevent such statement or omission. The amount paid or payable by
an Indemnified Party as a result of the losses, claims, damages, liabilities or
judgments referred to in the immediately preceding paragraph shall be deemed to
include, subject to the limitations set forth above, any reasonable legal or
other expenses incurred by such Indemnified Party in connection with
investigating or defending any matter, including any action, that could have
given rise to such losses, claims, damages, liabilities or judgments. No person
guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of
the Act) shall be entitled to contribution from any person who was not guilty of
such fraudulent misrepresentation.

                  (e) The remedies provided for in this Section 8 are not
exclusive and shall not limit any rights or remedies which may otherwise be
available to any Indemnified Party at law or in equity.

         9. Agreements of the Selling Shareholder. Selling Shareholder agrees,
whether or not the transactions contemplated in this Agreement are consummated
or this Agreement is terminated, to pay or cause to be paid all reasonable
expenses incident to the performance of the Selling Shareholder's obligations
under this Agreement, including: (i) the fees, disbursements and expenses of
Selling Shareholder's counsel in connection with the registration and delivery
of the Shares under the Act, (ii) all costs and expenses related to the transfer
and delivery of the Shares, including any transfer or other taxes payable
thereon, and (iii) all other costs and expenses incident to the performance of
the obligations of the Selling Shareholder hereunder for which provision is not
otherwise made in this Section. The provisions of this Section shall not
supersede or otherwise affect any separate agreement that the Company and any
Selling Shareholder may have for allocation of such expenses among themselves.

         10. Amendments and Waivers. The provisions of this Agreement, including
the provisions of this sentence, may be amended, modified or supplemented, and
waivers or consents to departures from the provisions hereof may be given, by
written consent of the Company and the Selling Shareholder.

         11. Notices. All notices and other communications provided for or
permitted hereunder shall be made in writing by hand-delivery, registered
first-class mall, telex, telecopier, or air courier guaranteeing overnight
delivery:

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         (a) if to Selling Shareholder, at the most current address given by
such Selling Shareholder to the Company in accordance with the provisions of
this Section 11, which address initially shall be the address given to the
Company upon acquisition of the Shares unless the Selling Shareholder has
notified the Company of a change of address; and

         (b) if to the Company, initially at its address set forth below and
thereafter at such other address, notice of which is given in accordance with
the provisions of this Section 11:

                         High Speed Net Solutions, Inc.
                         434 Fayetteville Street Mall
                         Suite 2120
                         Raleigh, North Carolina  27601
                         Attention: President

         All such notices and communications shall be deemed to have been duly
given: at the time delivered by hand, if personally delivered; two business days
after being deposited in the mail, postage prepaid, if mailed; when answered
back, if telexed; when receipt acknowledged, if telecopied; and on the next
business day, if timely delivered to an air courier guaranteeing overnight
delivery.

         12. Counterparts. This Agreement may be executed in one or more
counterparts, each of which when so executed shall be deemed to be an original
and all of which taken together shall constitute one and the same agreement.

         13. Headings. The headings in this Agreement are for convenience of
reference only and shall not limit or otherwise affect the meaning hereof.

         14. Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of North Carolina.

         15. Severability. In the event that any one or more of the provisions
contained herein, or the application thereof in any circumstance, is held
invalid, illegal or unenforceable, the validity, legality and enforceability of
any such provision in every other respect and of the remaining provisions
contained herein shall not be affected or impaired thereby.

         16. Entire Agreement. This Agreement, in conjunction with the
Subscription Agreement, is intended by the parties as a final expression of
their agreement and intended to be a complete and exclusive statement of the
agreement and understanding of the parties hereto in respect of the subject
matter contained herein. There are no restrictions, promises, warranties or
undertakings, other than those set forth or referred to herein with respect to
the registration rights granted by the Company with respect to the Shares. This
Agreement supersedes all prior agreements and understandings between the parties
with respect to registration of the Shares. Nothing in this Agreement shall
preclude the Company from entering into any other agreement

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having the same or different terms with any holder of the Company's securities
or any third party with respect to registration rights or related matters.

         17. Parties Benefited. Nothing in this Agreement, express or implied,
is intended to confer upon any third party any rights, remedies, obligations or
liabilities.

            (the remainder of this page is left intentionally blank)

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

                                          HIGH SPEED NET SOLUTIONS, INC.

                                          By: _________________________________
                                              Title:

                                          SELLING STOCKHOLDER:

                                          _____________________________________
                                          Name:

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                                   SCHEDULE 1
                             SHARES TO BE REGISTERED

______________________                    shares of Common Stock of the Company.

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                                                                   EXHIBIT 10.52

         THIS WARRANT AND THE SECURITIES ISSUABLE UPON EXERCISE HEREOF HAVE NOT
BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES
ACT"), APPLICABLE STATE SECURITIES LAWS, OR APPLICABLE LAWS OF ANY FOREIGN
JURISDICTION. THIS WARRANT AND SUCH UNDERLYING SECURITIES HAVE BEEN ACQUIRED FOR
INVESTMENT AND NOT WITH A VIEW TO DISTRIBUTION OR RESALE, AND MAY NOT BE
OFFERED, SOLD, PLEDGED, HYPOTHECATED, RENOUNCED OR OTHERWISE TRANSFERRED IN THE
ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND ANY
APPLICABLE STATE SECURITIES LAWS AND IN THE ABSENCE OF COMPLIANCE WITH
APPLICABLE LAWS OF ANY FOREIGN JURISDICTION, OR AN OPINION OF COUNSEL
SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IN NOT REQUIRED AND SUCH
FOREIGN JURISDICTION LAWS HAVE BEEN SATISFIED.

                         HIGH SPEED NET SOLUTIONS, INC.

Warrant No. 1
Warrant Issue Date:  July ____, 2000
Warrant Is Exercisable After:  January 31, 2001
Warrant Expiration Date:  July 31, 2005

                   WARRANT TO PURCHASE SHARES OF COMMON STOCK

         This Warrant is issued as of this ____ day of July, by High Speed Net
Solutions, Inc., a North Carolina corporation (the "Company"), to ____[AAA
Trust]_____ or permitted assigns (the "Holder").

         1.       Issuance of Warrant; Term; Price.

                  1.1 Issuance. (a) The Holder is purchasing ____[One Hundred
Thirty Thousand Two (130,002)]____ shares of Common Stock of the Company under a
Subscription Agreement dated July ____, 2000 (the "Stock Subscription"). In
consideration of the Stock Subscription, the receipt and sufficiency of which is
hereby acknowledged, the Company hereby grants to Holder the right to purchase
Two Hundred Sixty Thousand Four (260,004) shares of Common Stock of the Company,
the "Warrant Shares").

                  1.2 Term. The shares issuable upon exercise of this Warrant
are hereinafter referred to as the "Shares." This Warrant shall be exercisable
at any time and from time to time in whole or in part during the period
commencing on January 31, 2001 and ending on July 31, 2005.

                  1.3. Exercise Price. The exercise price (the "Warrant Price")
per share for which all or any of the Shares may be purchased pursuant to the
terms of this Warrant shall be $4.625 per share, subject to adjustment as
provided herein.

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         2. Adjustment of Warrant Price, Number and Kind of Shares. The Warrant
Price and the number and kind of securities issuable upon the exercise of this
Warrant shall be subject to adjustment from time to time and the Company agrees
to provide notice upon the happening of certain events as follows.

                  2.1 Dividends in Stock Adjustment. In case at any time or from
time to time on or after the date hereof the holders of the Common Stock of the
Company (or any shares of stock or other securities at the time receivable upon
the exercise of this Warrant) shall have received, or, on or after the record
date fixed for the determination of eligible stockholders, shall have become
entitled to receive, without payment therefor, other or additional securities or
other property (other than cash) of the Company by way of dividend or
distribution, then and in each case, the holder of this Warrant shall, upon the
exercise hereof, be entitled to receive, in addition to the number of Shares
receivable thereupon, and without payment of any additional consideration
therefor, the amount of such other or additional securities or other property
(other than cash) of the Company which such holder would hold on the date of
such exercise had it been the holder of record of such Common Stock on the date
hereof and had thereafter, during the period from the date hereof to and
including the date of such exercise, retained such shares and/or all other
additional securities or other property receivable by it as aforesaid during
such period, giving effect to all adjustments called for during such period by
this subsection 2.1 and subsections 2.2 and 2.3 of this Section 2.

                  2.2 Reclassification or Reorganization Adjustment. In case of
any reclassification or change of the outstanding securities of the Company or
of any reorganization of the Company (or any other corporation the stock or
securities of which are at the time receivable upon the exercise of this
Warrant) on or after the date hereof, then and in each such case the Company
shall give the holder of this Warrant at least thirty (30) days notice of the
proposed effective date of such transaction, and the holder of this Warrant,
upon the exercise hereof at any time after the consummation of such
reclassification, change or reorganization, shall be entitled to receive, in
lieu of the stock or other securities and property receivable upon the exercise
hereof prior to such consummation, the stock or other securities or property to
which such holder would have been entitled upon such consummation if such holder
had exercised this Warrant immediately prior thereto, all subject to further
adjustment as provided in subsections 2.1 and 2.3 of this Section 2.

                  2.3 Stock Splits and Reverse Stock Splits. If at any time on
or after the date hereof the Company shall subdivide its outstanding shares of
Common Stock into a greater number of shares, the Warrant Price in effect
immediately prior to such subdivision shall thereby be proportionately reduced
and the number of shares receivable upon exercise of this Warrant shall thereby
be proportionately increased; and, conversely, if at any time on or after the
date hereof the outstanding number of shares of Common Stock shall be combined
into a smaller number of shares, the Warrant Price in effect immediately prior
to such combination shall thereby be proportionately increased and the number of
shares receivable upon exercise of this Warrant shall thereby be proportionately
decreased.

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         3. No Fractional Shares. No fractional Shares will be issued in
connection with any subscription hereunder. In lieu of any fractional shares
that would otherwise be issuable, the Company shall pay cash equal to the
product of such fraction multiplied by the fair market value of one share
issuable under the Warrant on the date of exercise, as determined in good faith
by the Company's Board of Directors.

         4. No Stockholder Rights. This Warrant as such shall not entitle its
holder to any of the rights of a stockholder of the Company until the holder has
exercised this Warrant in accordance with Section 6 hereof.

         5. Reservation of Stock. The Company covenants that during the period
this Warrant is exercisable, the Company will use its best efforts to reserve
from its authorized and unissued Common Stock a sufficient number of shares to
provide for the issuance of Warrant Shares upon the exercise of this Warrant.
The Company agrees that its issuance of this Warrant shall constitute full
authority to its officers who are charged with the duty of executing stock
certificates to execute and issue the necessary certificates for Shares upon the
exercise of this Warrant.

         6. Exercise of Warrant. This Warrant may be exercised by Holder by the
surrender of this Warrant at the principal office of the Company, accompanied by
payment in full of the purchase price of the shares purchased thereby, as
described above. This Warrant shall be deemed to have been exercised immediately
prior to the close of business on the date of its surrender for exercise as
provided above, and the person or entity entitled to receive the shares or other
securities issuable upon such exercise shall be treated for all purposes as the
holder of such shares of record as of the close of business on such date. As
promptly as practicable, the Company shall issue and deliver to the person or
entity entitled to receive the same a certificate or certificates for the number
of full shares of Warrant Shares issuable upon such exercise, together with cash
in lieu of any fraction of a share as provided above. The shares of Warrant
Shares issuable upon exercise hereof shall, upon their issuance, be fully paid
and nonassessable.

         7. Certificate of Adjustment. Whenever the Warrant Price or number or
type of securities issuable upon exercise of this Warrant is adjusted, as herein
provided, the Company shall promptly deliver to the record holder of this
Warrant a certificate of an officer of the Company setting forth the nature of
such adjustment and a brief statement of the facts requiring such adjustment.

         8. Notice of Proposed Transfers. This Warrant is transferable by the
Holder hereof subject to compliance with this Section 8. Prior to any proposed
transfer of this Warrant or the Shares received pursuant to the exercise of this
Warrant (the "Securities"), unless there is in effect a registration statement
under the Securities Act of 1933, as amended (the "Securities Act"), covering
the proposed transfer, the Holder thereof shall (i) provide to the Company a
letter of representation, addressed from the proposed transferee to the Company,
acceptable to the Company and its counsel, and (ii) give written notice to the
Company of such Holder's intention to effect such transfer. Each such notice
shall describe the manner and circumstances of the proposed transfer in
sufficient detail, and shall, if the Company so requests, be accompanied (except
in transactions in compliance with Rule 144) by either (i) an unqualified
written opinion of legal counsel who shall

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be reasonably satisfactory to the Company addressed to the Company and
reasonably satisfactory in form and substance to the Company's counsel, to the
effect that the proposed transfer of the Securities may be effected without
registration under the Securities Act, or (ii) a "no action" letter from the
Securities Exchange Commission (the "Commission") to the effect that the
transfer of such Securities without registration will not result in a
recommendation by the staff of the Commission that action be taken with respect
thereto, whereupon the Holder of the Securities shall be entitled to transfer
the Securities in accordance with the terms of the notice delivered by the
Holder to the Company; provided, however, no such registration statement or
opinion of counsel shall be necessary for a transfer by a Holder to any
affiliate of such Holder, or a transfer by a Holder which is a partnership to a
partner of such partnership or a retired partner of such partnership who retires
after the date hereof, or to the estate of any such partner or retired partner
or the transfer by gift, will or intestate succession of any partner to his
spouse or lineal descendants or ancestors, if the transferee agrees in writing
to be subject to the terms hereof to the same extent as if such transferee were
the original Holder hereunder. Each certificate evidencing the Securities
transferred as above provided shall bear the appropriate restrictive legend set
forth above, except that such certificate shall not bear such restrictive legend
if in the opinion of counsel for the Company such legend is not required in
order to establish compliance with any provisions of the Securities Act.

         9. Replacement of Warrants. Upon receipt by the Company of evidence
reasonably satisfactory to the Company of the loss, theft, destruction or
mutilation of the Warrant, and in the case of any such loss, theft or
destruction of the Warrant, on delivery of an indemnity agreement or security
reasonably satisfactory in form and amount to the Company, and reimbursement to
the Company of all reasonable expenses incidental thereto, and upon surrender
and cancellation of the Warrant if mutilated, the Company will execute and
deliver, in lieu thereof, a new Warrant of like tenor.

         10. Dividends and Distributions. For so long as any part of this
Warrant remains outstanding and unexercised, the Company will, upon the
declaration of a cash dividend upon its Common Stock or other distribution to
the Holders of its Common Stock and at least ten (10) days prior to the record
date, notify the Holder hereof of such declaration, which notice will contain,
at a minimum, the following information: (i) the date of the declaration of the
dividend or distribution, (ii) the amount of such dividend or distribution,
(iii) the record date of such dividend or distribution, and (iv) the payment
date or distribution date of such dividend or distribution. The Holder shall,
upon the exercise hereof, be entitled to receive, in addition to the number of
shares of Common Stock receivable thereupon, and without payment of any
additional consideration therefor, the amount of such other or additional
securities or other property (other than cash) of the Company which such Holder
would hold on the date of such exercise had it been the holder of record of such
Common Stock on the date hereof and had thereafter, during the period from the
date hereof to and including the date of such exercise, retained such shares
and/or all other additional securities or other property receivable by it as
aforesaid during such period, giving effect to all adjustments pursuant to
Section 2.

         11. Miscellaneous. This Warrant shall be governed by the laws of the
State of North Carolina. The headings in this Warrant are for purposes of
convenience of reference only, and shall not be deemed to constitute a part
hereof. The invalidity or unenforceability of any provision

                                       4

<PAGE>   5

hereof shall in no way affect the validity or enforceability of any other
provisions. All notices and other communications from the Company to the holder
of this Warrant shall be delivered personally or mailed by first class mail,
postage prepaid, to the address furnished to the Company in writing by the last
holder of this Warrant who shall have furnished an address to the Company in
writing, and if mailed shall be deemed given three (3) days after deposit in the
U.S. Mail.

         12. Taxes. The Company shall pay all issue taxes and other governmental
charges (but not including any income taxes of a Holder) that may be imposed in
respect of the issuance or delivery of the Shares or any portion thereof.

         13. Amendment. Any term of this Warrant may be amended with the written
consent of the Company and the Holder. Any amendment effected in accordance with
this Section 13 shall be binding upon the Holder of this Warrant, each future
holder of such Warrant, and the Company.

         14. Remedies. In the event of any default or threatened default by the
Company in the performance of or observance with any of the terms of this
Warrant, it is agreed that remedies at law are not and will not be adequate for
the Holder and that such terms may be specifically enforced by a decree for the
specific performance of any agreement contained herein or by an injunction
against a violation of any of the terms hereof or otherwise.

            (The remainder of this page is intentionally left blank.)

                                       5

<PAGE>   6

         IN WITNESS WHEREOF, the undersigned officer of the Company has set his
hands as of the date first above written.

                                             HIGH SPEED NET SOLUTIONS, INC.

                                             By: _______________________________

                                       6

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