Document:

Dated as of: June 20, 2001

World Wresting Federation Entertainment, Inc.
1241 Main Street
Stamford, CT 06902
Attn: Ed Kaufman, General Counsel
Gentlemen:

WHEREAS, Uncommon Media Group, Inc. ("Company") is engaged in the business of
creating interactive audiovisual devices in the form of CD-ROMs ("Discs"), which
include various forms of content as well as advertising, data and hyper-links
among its features and are distributed by way of inclusion as so-called
"outserts" in various magazines; and

WHEREAS, Company intends to create one or more such Discs for inclusion as an
"outsert" in one or more of the magazines published by you (sometimes referred
to as "WWF"), which will feature promotional content including, among other
things, various WWF entertainers and events promoted by the WWF, current music
videos and related music, film and television programs, new media, marketing
promotions, merchandise catalogs and related materials (the "Content"); and

WHEREAS, you are desirous of including the Discs in your magazine(s).

NOW, THEREFORE, in consideration of the mutual promises herein contained and
other good and valuable consideration, receipt and sufficiency of which is
hereby acknowledged, you and Company agree as follows:

1. Term:
   -----

         The Term of this Agreement shall commence as of the date hereof and
shall continue for an period of one (1) year. Thereafter, the Term shall be
extended for successive period of one (1) year unless either party hereto shall
deliver written notice to the other at least sixty (60) days prior to the end of
any one (1) year period, that it elects to terminate this Agreement.

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2. Grant of Rights:
    ---------------

         (a) You hereby grant to Company the non-exclusive right during the Term
to create and distribute the Discs only in accordance with the terms and
conditions of this Agreement.

         (b) You hereby license to Company, on a gratis and non-exclusive basis:
(i) the right to embody the Content created, owned, or furnished by you on the
Disc in the manner described in paragraph 3 below and (ii) the non-exclusive
right use the WWF name and logo, approved photographs and approved likenesses of
each person featured in each item furnished by you in connection with the Discs.

         (c) The parties agree that the Discs will be distributed solely by way
of inclusion as a free "outsert" at newsstands and/or to subscribers in monthly
issue(s) of WWF and World Wrestling Federation Entertainment produced magazines
entitled "WWF" (six (6) issues per year) and "RAW" (six (6) issues per year) as
well as in "Special" magazines (the working title(s) to be determined by you),
and special events CDs. Attached hereto as Exhibit A is a tentative production
schedule, to be mutually approved by you and Company.

3. General Description of the Disc/Use of Materials Provided by You:
   ----------------------------------------------------------------

         (a) (i) Each Disc may be comprised of a variety of different areas
("Areas") of Content which may include, but not be limited to: (A) interviews
with entertainers; and/or (B) behind the scenes footage of entertainers and/or
events; and/or (C) promotional material in connection with entertainers and/or
upcoming events and broadcasts; and/or (D) up to eight (8) minutes of audio or
video content of music from your affiliate, SMACKDOWN Records, and/or (E) games;
and/or (F) music or videos from other record labels; there may also be a link to
an approved online merchandising site. When the Disc is accessed by the user, it
will run a short audiovisual presentation highlighting some or all of the
Content of the Disc (the "Opening Sequence"). Following the conclusion of the
Opening Sequence, the user will be presented with a menu of Areas of the Disc
(the "Main Menu"), from which the user may access any of such Areas. Once the
user has selected a particular Area from the Main Menu, a menu describing the
general content for that Area will appear (an "Area Menu"). Based on the user's
selection from the Area Menu, he/she will be presented with various sub-menus
for that Area (each, an "Area Sub-Menu"), and based on the user's selection from
an Area Sub-Menu, he/she will be presented with specific content in a separate
on-screen "window" (a "Content Window").

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         (ii) The Area Menu will be further divided by particular genre of
Content (e.g., interviews, biographies, promotions, upcoming events,
catalog/merchandise, divas, behind the scenes, music, archives, video games,
screen savers, etc.). Once the user has selected a particular genre from the
Area Menu, he/she will be presented with the Area Sub-Menu for that genre which
will give him/her the choice of viewing any of the video-clips embodied in that
Area relevant to such genre. Once the user has selected a particular video-clip,
a Content Window will appear and the video-clip concerned will be presented.

         (b) (i) Company will embody the video-clips in the applicable
genre-related section of an Area. At each genre-related Area Sub-Menu, the name
and approved photograph of each relevant entertainer, as well as the title of
each relevant video-clip shall appear on-screen. Once a particular video-clip is
selected by the user from the applicable genre-related Area Sub-Menu, a Content
Window will appear and the video-clip concerned will be presented. While such
Content Window is accessed, the name of the particular entertainers, for
example. the name of the video-clip and your name and logo will appear
on-screen. Additionally, while such Content Window is accessed and video-clip
presented, the user will be presented with multiple "hyperlinks" which, if the
user is then on-line, will connect the user to the website for that entertainer
or to your preferred on-line merchandise retailer to purchase general WWF or an
entertainer's items of merchandise, or to WWF approved links to third party
sponsors and/or advertisers (e.g. Blockbuster Video). In addition to the use of
the video-clips described above, you also acknowledge that Company shall have
the right to include shorter portions of each or any video-clip in the Opening
Sequence.

         (ii) Company shall have the non-exclusive right during the Term to use
the name and approved photograph of each entertainer featured in each video-clip
on the outside packaging of the Discs and in any promotional advertisements.
Notwithstanding the foregoing, but subject to your prior approval, Company may
use the advertising of third party sponsors and/or advertisers on the outside
packaging together with the name and approved photograph of one or more
entertainers.

         (c) You acknowledge and agree that, except as otherwise provided
herein, the specific Content contained on each Disc, the appearance and location
of such Content, and all other creative elements relating to the Disc shall be
determined by you and Company. In connection with the foregoing, you acknowledge
that Company has advised you that Company will include "hyperlinks" in various
places on the Disc which will connect the user to Company's website. The
location, placement and form of such "hyperlinks" shall be determined in
Company's discretion but shall be subject to your reasonable approval. Once the
user is connected to Company's website, the user will be surveyed to compile
demographic information, as well as such other information as Company may
determine (including, without limitation, information concerning preferences
relating to the Content contained on the Disc) ("user information").
Notwithstanding anything to the contrary expressed or implied herein, Company
shall be the exclusive owner of all such user information it so compiles.
Nevertheless, unless otherwise prohibited by law or by user requirements, during
the Term and for a period of three (3) months following the end of the Term,
Company agrees to share with you and any of your advertisers or sponsors such
user information as you shall, in writing, authorize and instruct Company to so
share at no cost to you. However, you are hereby advised that Company will
collect such user information for only three (3) months after the distribution
of each Disc.

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         (d) Each Disc is subject to your approval as being commercially
satisfactory for the duplication, manufacture, sale and distribution of the
Disc. Before commencing production of the Disc, Company shall submit
pre-production prototype samples of the proposed Disc to you for your approval,
which approval shall not be unreasonably delayed or withheld. You shall notify
Company in writing whether you approve or disapprove the Disc submitted by
Company within ten (10) business days after the date of such submission or
within forty-eight (48) hours in Company's good faith discretion, to comply with
production, distribution or marketing exigencies. If you disapprove any Disc(s)
within said period, you shall notify Company in writing or via e-mail of the
specific reasons for such disapproval.

4. Delivery: You shall deliver to Company each video-clip and other items of
Content and at least one (1) approved photograph of each featured entertainer no
later than 90 days prior to the scheduled date for closing of materials for the
subject issue. Each video-clip and other item of Content will be delivered in
Beta or Beta SP format or such other format as Company may approve. You shall
deliver all necessary art or video content you wish included on the Disc at
least 90 days prior to the agreed date of delivery for distribution all of which
material shall be in digital file format TIFF (200 Dpi min.) and/or scanable
high quality 8" x 10" photos.

5. Advertising:
   -----------

         (a) You acknowledge that Company will be selling space on the Discs to
various advertisers and sponsors. You shall have the right to reject any
advertiser or sponsor who is not currently one of your advertisers or sponsors,
provided your rejection is not unreasonable. You have advised Company that you
will not approve any pro-alcohol or pro-tobacco advertisements or sponsors, and
Company has agreed not to solicit such advertisers or sponsors. Company will
also not object to your rejection of any advertisements that do not comply with
your corporate policies, taste or judgment. Furthermore, you shall have the
right to include up to three minutes (3:00) of advertising space on each Disc
for an advertiser of your selection.

         (b) Company agrees to share with you all sales contact information with
your print advertising sales department or other appropriate department,
provided that such disclosure of information will not violate any agreements
between Company and advertisers and sponsors.

6. Third Party Clearances: Each party that provides Content for the Discs shall
be solely responsible for obtaining and delivering to Company, at no cost to
Company, all necessary licenses, clearances, consents and permissions to enable
Company to fully exploit each Disc as contemplated herein (including, without
limitation, all licenses and consents from each entertainer featured in the
video-clips, music Areas and each other third party rendering services in
connection with the creation of, or otherwise entitled to compensation in
connection with the exploitation of, the video-clips). With respect to materials
furnished by you, you shall also be solely responsible for obtaining, at no cost
to Company, a license from the music publisher of each musical composition and
record company owner of each master recording embodied in the video-clips, which

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<PAGE>

license grants to Company the synchronization and/or mechanical reproduction
rights necessary to allow Company to embody such musical compositions on the
Disc as provided herein. Your delivery to Company of the materials required
pursuant to paragraph 4 shall be deemed to be your representation to Company
that you have obtained all necessary licenses, clearance and consents as
described in this paragraph 6. If Company provides any Content for the Discs,
Company shall be responsible for clearances, payments, consents, etc. as
described in this paragraph 6.

7. Warranties, Representations and Indemnity:
   -----------------------------------------

         (a) You warrant, represent, covenant and agree that: (i) You have the
full and unfettered right to enter into this Agreement and to grant the rights
granted to Company herein, and are not under any disability, restriction, or
prohibition, whether contractual or otherwise, with respect to your right to
execute this Agreement and perform its terms and conditions; (ii) Company shall
not be required to make any payments of any nature for or in connection with the
acquisition, exercise or exploitation of rights by Company pursuant to this
Agreement. Without limiting the foregoing, Company shall have no obligation to
pay any fee, advance or royalties to any entertainer, producer, music publisher,
record company or other third party in connection with the agreement and the
exploitation of the Disc; and (iii) the materials provided by you hereunder
(including, without limitation, the video-clips, any Audio-Only Masters and all
photographs) shall not violate or infringe upon any common law or statutory
rights of any person,firm or corporation, including without limitation,
contractual rights, copyrights and rights of privacy.

         (b) Company warrants, represents, covenants and agrees that: (i)
Company has the full and unfettered right to enter into this Agreement, and is
not under any disability, restriction or prohibition, whether contractual or
otherwise, with respect to its right to execute this Agreement and perform its
terms and conditions; (ii) Company will make no use of any materials furnished
by you except as specifically provided in this Agreement; and (iii) Company has
or will have the right to use any materials furnished by Company for the Discs.

         (c) Each party agrees to indemnify and hold the other party, and its
successors, assigns, agents, distributors, licensees, officers, directors, and
employees, harmless against any claim, liability, cost and expense (including
reasonable attorneys' fees and legal costs) in connection with any claim which
is inconsistent with any agreement, covenant, representation, or warranty made
by the indemnifying party herein, provided such claim has been settled with
mutual written consent or has resulted in a final judgment in a court of
competent jurisdiction. The indemnified party shall notify the indemnifying
party of each claim and the indemnifying party shall have the right to
participate in the defense thereof with its own attorneys at its own expense.

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<PAGE>

8. Costs/Gross Revenues/Net Revenues/Accounting/Audits
   ---------------------------------------------------

         (a) (i) Company shall pay the costs of creating Content not furnished
by you, if any, and of digitizing all Content as required, as well as the costs
of designing and otherwise authoring and producing the Discs pursuant to a
budget to be mutually pre-approved by you and Company.

         (ii) You shall pay the costs associated with all Content furnished by
you as well as the costs associated with "inserting" the Disc in your magazines
and "handouts" at various stores or events. Such costs shall be subject to a
budget to be mutually pre-approved by you and Company.

         (iii) Each party shall be reimbursed for its costs described in (a)(i)
and (a)(ii) above out of "Gross Revenues" (as hereinafter defined).
Notwithstanding the foregoing, you shall not be entitled to reimbursement of the
costs of producing Content unless such Content is produced specifically for the
Discs and for no other purposes. However, the cost of editing pre-existing
Content for the Discs, and duplication and shipping costs therefor, shall be
reimbursable.

         (b) "Gross Revenues" are defined as all monies actually received by
Company from advertising and sponsorship sales in connection with the Discs,
fees for product placements on the Discs, music played for promotional purposes
on the Discs, film clips placed for promotional purposes on the Discs, and all
other revenues generated from the exploitation of the Discs.

         (c) "Net Revenues" are defined as Gross Revenues less the reimbursed
costs. All Net Revenues shall be divided equally between you and Company.

         (d) Company shall send you accountings and payments of your costs
subject to reimbursement and of your share of Net Revenues, if any, on a
quarterly basis within thirty (30) days after the end of each calendar quarter
during the Term. Each accounting shall become final and binding on you one (1)
year after the date rendered unless you object in writing, stating the reasons
for such objection, within such one-year period.

         (e) You shall have the right to appoint a certified public accountant
or attorney to examine Company's books and records relating to Gross Revenues
and Net Revenues, provided such examination shall take place at Company's
offices during normal business hours, on reasonable prior written notice, not
more frequently than once per calendar year, at your own expense. The rights
granted herein to you shall constitute your sole right to examine Company's
books and records. If an audit results in an underpayment to you of ten percent
(10%) or more, Company shall reimburse you for the reasonable out of pocket
costs of such audit.

9. Non-Exclusive: Company has advised you that it is entering into similar
licensing arrangements with publishers of other magazines and that its services
are not exclusive to you. However, during the Term, Company shall not enter into
similar agreement with any other professional wrestling organization.
Conversely, you shall not have the right or power to enter into a similar
licensing agreements with any other provider of Discs for "inserts" or
"outserts" in your magazines or special events CDs during the Term of this
Agreement.

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10. Miscellaneous:
    -------------

         (a) This Agreement constitutes the entire agreement between you and
Company (all prior negotiations, correspondence and agreements whether oral or
written being merged herein). This agreement may not be modified except by an
instrument in writing signed by both parties. A waiver of any breach by any
party in any one instance shall not constitute a waiver of any subsequent
breach, whether or not similar. If any part of this Agreement is determined to
be void, invalid, inoperative or unenforceable by a court of competent
jurisdiction or by any other legally constituted body having jurisdiction to
make such determination, such decision shall not affect any other provisions
hereof, and the remainder of this Agreement shall be effective as though such
void, invalid, inoperative or unenforceable provision had not been contained
herein.

         (b) This Agreement has been entered into in the State of New York, and
its validity, construction, interpretation and legal effect shall be governed by
the laws of the State of New York applicable to contracts entered into and
performed entirely within the State of New York. All claims, disputes or
disagreements which may arise out of the interpretation, performance or breach
of this Agreement shall be submitted exclusively to the jurisdiction of the
state courts of the state of New York or the Federal District Courts located in
New York City; provided, however, if Company is sued or joined in any other
court or forum (including an arbitration proceeding) in respect of any matter
which may give rise to a claim by Company hereunder, you consent to the
jurisdiction of such court or forum over any such claim which may be asserted by
Company. Any process in any action or proceeding commenced in the courts of the
State of New York arising out of any such claim, dispute or disagreement, may
among other methods, be served upon you by delivering or mailing the same, via
certified mail, addressed to you at the address given in this agreement or such
other address as you may from time to time designate by notice in conformity
with paragraph 10(c) below.

         (c) Any notice desired or required to be given by either party
hereunder to the other shall be in writing and shall be delivered by hand, or
sent by registered or certified mail, telex, telefax, or telegraph (with all
charges prepaid) to the respective addresses as set forth above until notice of
a new address shall be duly given. Copies of all notices to Company shall be
sent to Grubman, Indursky & Schindler, P.C., 152 West 57th Street, 31st Floor,
New York, New York 10019, Attention: Larry H. Schatz, Esq.

         (d) Company shall have the right to assign this Agreement to any
subsidiary, affiliated, controlling or other related company, and to any person
owning or acquiring a substantial portion of Company's stock or assets. Company
shall also have the right to assign any of its rights hereunder to any of its
licensees in order to effectuate the purposes hereof. Any other assignment of
rights by Company shall be subject to your reasonable approval.

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<PAGE>

         (e) In any action brought by either party against the other under to
this Agreement, except for indemnification for third party claims pursuant to
paragraph 7(c) above, the party's claim for damages will be limited to actual,
direct damages and will not include any indirect, incidental, reliance, special
or consequential damages.

         If the foregoing correctly reflects your understanding and agreement
with us, please so indicate by signing below.

                                                Very truly yours,

                                                UNCOMMON MEDIA GROUP, INC.

                                                By:_____________________________
                                                Name:
                                                Title:

ACCEPTED AND AGREED TO:

World Wrestling Federation Entertainment, Inc.

By:____________________________
Name:
Title:

                                       8WARRANT AGREEMENT

         WARRANT AGREEMENT dated as of June 30, 2001, between Uncommon Media
Group, Inc., a Florida corporation with an office located at 35 West 54th
Street, 2nd Floor, New York, New York (the "Company") and Grubman, Indursky &
Schindler, PC, a New York Professional Corporation Partnership with an office
located at 152 West 57th Street, New York, NY 10019 (together with any assigns
thereof, the "GIS").

         WHEREAS, the Company proposes to issue to GIS a warrant (the "Warrant")
to purchase a certain number of common shares of the Company, par value $.001
per share (the "Common Stock") in consideration of the payment deferral of
certain accrued professional fees currently owed by the Company to GIS;

         NOW, THEREFORE, in consideration of the agreements herein set forth and
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto agree as follows:

         1. Grant. In consideration of an agreement to defer payment of certain
accrued professional fees currently owed by the Company, GIS is hereby granted
the right to purchase, at any time from and after the date hereof, until 5:00
P.M., EST, on June 29, 2006 up to 100,000 Shares, 50,000 of which shall be at an
initial exercise price of $1.00 per Share, 25,000 of which shall be at an
initial exercise price of $1.50 per Share, and 25,000 of which shall be at an
initial exercise price of $2.00 per Share. The Warrant granted pursuant hereto
shall be evidenced in a certain certificate annexed hereto as Exhibit A (the
"Warrant Certificate") in which all other terms and conditions associated with
the Warrant shall be expressly set forth.

         2. Authorization. The Company has full corporate power and authority to
execute and deliver this Warrant Agreement and the Warrant Certificate annexed
hereto, and this Warrant Agreement and the Warrant Certificate, once executed
and delivered, constitutes the valid and legally binding obligation of the
Company, enforceable in accordance with its terms and conditions.

         3. Governing Law. This Agreement shall be deemed to be a contract made
under the laws of the State of New York and for all purposes shall be construed
in accordance with the laws of the State of New York without regard to conflict
of laws.

         4. Counterparts. This Agreement may be executed in any number of
counterparts and each of such counterparts shall for all purposes be deemed to
be an original, and such counterparts shall together constitute but one and the
same instrument.

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

UNCOMMON MEDIA GROUP, INC.                   GRUBMAN, INDURSKY & SCHINDLER, PC

By:__________________________                By:__________________________
Name:  Lawrence Gallo                        Name:
Title:     President                         Title:     Partner

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THE SECURITIES REPRESENTED BY THIS WARRANT CERTIFICATE HAVE NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THEY MAY NOT BE SOLD, OFFERED FOR
SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF (i) AN EFFECTIVE REGISTRATION
STATEMENT AS TO SUCH SECURITIES UNDER SAID ACT, (ii) AN OPINION OF COUNSEL
SATISFACTORY TO THE COMPANY, OR NO-ACTION LETTER ISSUED BY THE SECURITIES AND
EXCHANGE COMMISSION, THAT SUCH REGISTRATION IS NOT REQUIRED, OR (Iiii) UNLESS
SOLD PURSUANT TO, AND IN COMPLIANCE WITH THE REQUIREMENTS OF, RULE 144 OF SUCH
ACT.

                           Uncommon Media Group, INC.

                          COMMON STOCK PURCHASE WARRANT

Void after 5:00 PM EST                                 Right to Purchase 100,000
June 29, 2006                                             shares of Common Stock
                                                         (subject to adjustment)

No. W-0002

         Uncommon Media Group, Inc. (the "Company"), a Florida corporation,
hereby certifies that, for value received, Holder (as hereinafter defined), is
entitled, subject to the terms set forth herein, to purchase from the Company at
any time or from time to time before 5:00 P.M. E.S.T., on June 29, 2006, fully
paid and nonassessable shares of Common Stock, $.001 par value, of the Company,
at the purchase price per share as set forth in Section 1 below. The number and
character of such shares of Common Stock and the Purchase Price (as hereinafter
defined) are subject to adjustment as provided herein.

         This Warrant Certificate is the Common Stock Purchase Warrant (the
"Warrant"), evidencing the right to purchase shares of Common Stock of the
Company, issued pursuant to a certain Warrant Agreement (the "Agreement"), dated
as of June 30, 2001, between the Company and Grubman,Indursky & Schindler, PC or
its assigns (the "Holder"). This Warrant evidences a right to purchase an
aggregate of 100,000 shares of Common Stock of the Company, subject to
adjustment as provided herein.

         As used herein the following terms, unless the context otherwise
requires, have the following respective meanings:

                  (a) The term "Company" includes, in addition to the Company
         itself, any corporation which shall succeed to or assume the
         obligations of the Company hereunder.

                  (b) The term "Common Stock" includes all stock of any class or
         classes (however designated) of the Company, authorized on or after the
         date hereof, the holders of which shall have the right, without
         limitation as to amount, either to all or to a share of the balance of
         current dividends and liquidating dividends after the payment of
         dividends and distributions on any shares entitled to preference, and
         the holders of which shall ordinarily, in the absence of contingencies,
         be entitled to vote for the election of a majority of directors of the
         Company (even though the right so to vote has been suspended by the
         happening of such a contingency).

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<PAGE>

                  (c) The term "Other Securities" refers to any stock (other
         than Common Stock) and other securities of the Company or any other
         Person (corporate or otherwise) which the holder of the Warrant at any
         time shall be entitled to receive, or shall have received, on the
         exercise of the Warrant, in lieu of or in addition to Common Stock, or
         which at any time shall be issuable or shall have been issued in
         exchange for or in replacement of Common Stock or Other Securities
         pursuant to Section 6 or otherwise.

                  (d) The term "Person" shall have that meaning ascribed in the
         Securities Act of 1933, as amended.

                  (e) The term "Shares" means the Common Stock of the Company
         issued or issuable upon exercise of the Warrant.

1.       Exercise of Warrant.

This Warrant, or any part hereof, is exercisable at a price (the "Purchase
Price") as follows:

         *        50,000 Shares shall be at an initial exercise price of $1.00
                  per Share,

         *        25,000 Shares shall be at an initial exercise price of $1.50
                  per Share, and

         *        25,000 Shares shall be at an initial exercise price of $2.00
                  per Share,

in each case subject to adjustment as hereinafter provided. Upon delivery of
notice of intention to exercise all or any part of this Warrant, together with
payment of the Purchase Price for the Shares purchased at the Company's
principal offices, the Holder shall be entitled to receive a certificate or
certificates for the Shares so purchased in those denominations set forth in
such notice by Holder. Payment of the Purchase Price may be made, at the option
of the Holder: (a) by cash, money order, certified or bank cashier's check or
wire transfer, (b) the surrender to the Company of securities of the Company
having a value equal to the aggregate Purchase Price, as determined in good
faith by the Company's board of directors, or (c) the delivery of a notice to
the Company that the Holder is exercising this Warrant by authorizing the
Company to reduce the number of shares of Common Stock subject to this Warrant
by the number of shares having an aggregate value equal to the aggregate
Exercise Price. In the event of the exercise of less than all of the Shares
purchasable under this Warrant, the Company shall, at its expense, amend this
Warrant so as only to reduce the number of Shares to which it may thereafter be
exercised.

2.       Adjustment of Purchase Price and Number of Shares.

         2.1 (a) In case the Company shall (i) pay a dividend on its Common
Stock in Common Stock, (ii) subdivide its outstanding shares of Common Stock, or
(iii) combine its outstanding shares of Common Stock into a small number of
shares, then, in such an event, the Purchase Price in effect immediately prior
thereto shall be adjusted proportionately so that the adjusted Purchase Price
will bear the same relation to the Purchase Price in effect immediately prior to
any such event as the total number of shares of Common Stock outstanding
immediately prior to any such event shall bear to the total number of shares of
Common Stock outstanding immediately after such event. An adjustment made
pursuant to this subdivision (a), (i) shall become effective retroactively
immediately after the record date in the case of a dividend and (ii) shall
become effective immediately after the effective date in the case of a
subdivision or combination. The Purchase Price, as so adjusted, shall be
readjusted in the same manner upon the happening of any successive event or
events described herein.

                                       3
<PAGE>

         (b) In case the Company shall distribute to holders of shares of Common
Stock Other Securities, evidences of its indebtedness or assets (excluding cash
dividends or distributions) or purchase rights, options or warrants to subscribe
for or purchase such Other Securities, evidences of indebtedness or assets, then
in each such case the Purchase Price in effect thereafter shall be determined by
multiplying the Purchase Price in effect immediately prior thereto by a
fraction, the numerator of which shall be the total number of then-outstanding
shares of Common Stock multiplied by the current market price per share of
Common Stock on the record date mentioned below, less the fair market value of
the Other Securities, assets or evidences of indebtedness so distributed or of
such rights, options or warrants as determined by the then current trading price
of such Other Securities, assets or evidences of indebtedness so distributed or
of such rights, options or warrants or, if there is no such active trading
market, in the good faith determination of the Board of Directors, and the
denominator of which shall be the total number of outstanding shares of Common
Stock multiplied by such current market price per share of Common Stock. Such
adjustment shall be made whenever any such distribution is made and shall become
effective retroactively immediately after the record date for the determination
of stockholders entitled to receive such distribution.

         2.2. Upon each adjustment of the Purchase Price pursuant to subdivision
(a) of Subsection 2.1, the number of shares of Common Stock purchasable upon
exercise of this Warrant Certificate shall be adjusted to the number of shares
of Common Stock, calculated to the nearest one hundredth of a share, obtained by
multiplying the number of shares of Common Stock purchasable immediately prior
to such adjustment upon the exercise of this Warrant Certificate by the Purchase
Price in effect prior to such adjustment and dividing the product so obtained by
the new Purchase Price.

         2.3 In case of any capital reorganization of the Company, or of any
reclassification of the Common Stock, this Warrant Certificate shall be
exercisable after such capital reorganization or reclassification upon the terms
and conditions specified in this Warrant Certificate, for the number of shares
of stock or other securities which the Common Stock issuable (at the time of
such capital reorganization or reclassification) upon exercise of this Warrant
Certificate would have been entitled to receive upon such capital reorganization
or reclassification if such exercise had taken place immediately prior to such
action. The subdivision or combination of shares of Common Stock at any time
outstanding into a greater or lesser number of shares of Common Stock shall not
be deemed to be a reclassification of the Common Stock of the Company for the
purposes of this Subsection 2.3.

         2.4 The form of this Warrant Certificate need not be changed because of
any change in the Purchase Price pursuant to this Section 2 and any Warrant
Certificate issued after such change may state the same Purchase Price and the
same number of shares of Common Stock as are stated in this Warrant Certificate
as initially issued.

3.       Adjustment for Reorganization, Consolidation, Merger, Etc.

         3.1 Merger, Etc. In case at any time or from time to time after March
21, 2001, the Company shall (a) effect a reorganization, (b) consolidate with or
merge into any other Person, or (c) transfer all or substantially all of its
properties or assets to any other Person under any plan or arrangement
contemplating the dissolution of the Company within 24 months from the date of
such transfer (any such transaction being hereinafter sometimes referred to as a

                                       4
<PAGE>

"Reorganization") then, in each such case, the Holder, upon the exercise hereof
as provided in Section 1 at any time after the consummation or effective date of
such Reorganization (the "Effective Date"), shall receive, in lieu of the Shares
issuable on such exercise prior to such consummation or such effective date, the
stock and other securities and property (including cash) to which such Holder
would have been entitled upon such consummation or in connection with such
dissolution, as the case may be, if such holder had so exercised this Warrant
immediately prior thereto (all subject to further adjustment thereafter as
provided in Section 2, provided that the successor corporation in any such
Reorganization described in clause (b) or (c) above where the Company will not
be the surviving entity (the "Acquiring Company") has agreed prior to such
Reorganization in a writing satisfactory in form and substance to the Holder
that this Warrant shall continue in full force and effect and the terms hereof
shall be applicable to the shares of stock and other securities and property
receivable on exercise after the consummation of such Reorganization, and shall
be binding upon the issuer of any such stock or other securities (including, in
the case of any transfer of properties or assets referred to above, the Person
acquiring all or substantially all of the properties or assets of the Company).

         3.2 Continuation of Terms. This Warrant shall continue in full force
and effect and the terms hereof shall be applicable to the shares of stock and
other securities and property receivable on the exercise of this Warrant after
the consummation of such reorganization, consolidation or merger or the
effective date of dissolution following any such transfer, as the case may be,
and shall be binding upon the issuer of any such stock or other securities,
including, in the case of any such transfer, the Person acquiring all or
substantially all of the properties or assets of the Company, whether or not
such Person shall have expressly assumed the terms of this Warrant as provided
in Section 3.1.

4.       No Dilution or Impairment.

The Company will not, by amendment of its certificate of incorporation or
through any reorganization, transfer of assets, consolidation, merger,
dissolution, issue or sale of securities or any other voluntary action, avoid or
seek to avoid the observance or performance of any of the terms of the Warrants,
but will at all times in good faith assist in the carrying out of all such terms
and in the taking of all such action as may be necessary or appropriate in order
to protect the rights of the holders of the Warrants against dilution or other
impairment.

5.       Replacement of Warrants.

On receipt of evidence reasonably satisfactory to the Company of the loss,
theft, destruction or mutilation of any Warrant and, in the case of any such
loss, theft or destruction of any Warrant, on delivery of an indemnity agreement
or security reasonably satisfactory in form and amount to the Company or, in the
case of any such mutilation, on surrender and cancellation of such Warrant, the
Company at its expense will execute and deliver, in lieu thereof, a new Warrant
of like tenor.

6.       Remedies.

The Company stipulates that the remedies at law of the Holder in the event of
any default or threatened default by the Company in the performance of or
compliance with any of the terms of this Warrant are not and will not be
adequate, 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.

                                       5
<PAGE>

7.       Negotiability, Assignment, etc.

This Warrant may be transferred by written assignment to any third party assigns
provided however that any such assignment ddoes not conflict with the
restrictions set forth in the legend appearing at the header hereof.

8.       Notice, etc.

All notices and other communications from the Company to the Holder shall be
mailed by first class registered or certified mail, postage prepaid, at such
address as may have been furnished to the Company in writing by Holder or, until
any such holder furnishes to the Company an address, then to, and at the address
of, the Holder of this Warrant who has so furnished an address to the Company.

9.       Miscellaneous.

This Warrant and any term hereof may be changed, waived, discharged or
terminated only by an instrument in writing signed by the party against which
enforcement of such change, waiver, discharge or termination is sought. This
Warrant is being delivered in the State of New York and shall be construed and
enforced in accordance with and governed by its laws. The headings in this
Warrant are for purposes of reference only, and shall not limit or otherwise
affect any of the terms hereof. This Warrant is being executed as an instrument
under seal. All nouns and pronouns used herein shall be deemed to refer to the
masculine, feminine or neuter, as the identity of the person or persons to whom
reference is made herein may require.

13.      Expiration.

The right to exercise this Warrant shall expire at 5:00 P.M., E.S.T, on June 29,
2006.

Dated:  June 30, 2001                                UNCOMMON MEDIA GROUP, INC.

                                                     By:________________________
                                                     Name:  Lawrence Gallo
                                                     Title:     President

Attest:

                                       6

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