Document:

EXHIBIT 10.1

                              SEPARATION AGREEMENT

      This  Separation  Agreement  ("Agreement")  is made and entered into as of
April 2, 2004  (the  "Effective  Date"),  by and  between  Alan D.  Roth,  Ph.D.
("Executive"), and Chiral Quest, Inc., a Minnesota corporation ("Company").

                                    RECITALS

      A.  Executive  is a member of the Board of  Directors  of  Company  and is
employed by Company as President,  Chief  Executive  Officer and Chief Financial
Officer and serves as an officer and member of the Board of Directors of certain
subsidiaries of Company.

      B. The parties have  determined to mutually agree  regarding the terms and
conditions of Executive's separation from Company.

      NOW,  THEREFORE,  in  consideration  of the  foregoing,  and the terms and
conditions set forth below, Company and Executive agree as follows.

                                    AGREEMENT

      1. Separation from Company.  Executive agrees to, and hereby does,  resign
as President,  Chief Executive  Officer and Chief Financial  Officer of Company,
effective as of 11:59 p.m. (EST) on the Effective Date; provided, that Executive
shall continue to be employed by Company  through June 30, 2004, or such earlier
date as  Executive  shall  determine  (such date,  the  "Employment  Termination
Date"),  in order to assist Company in the  transition to a new chief  executive
officer.  In no event shall Executive's  employment with Company continue beyond
the Employment  Termination  Date.  Executive agrees to, and hereby does, resign
from the Board of  Directors of Company and from all  directorships  and officer
positions  in all  subsidiaries  of Company and all other  companies or entities
where  he is  serving  as a  representative  of  Company,  effective  as of  the
Effective Date.  Executive and Company  acknowledge that Executive's  separation
from  Company is the result of an  agreement  to separate on mutually  agreeable
terms.  Except as expressly  provided herein,  the Employment  Agreement between
Executive and Company  dated  November 8, 2002, as amended as of October 1, 2003
(the "Employment  Agreement"),  is terminated by mutual agreement of the parties
as of the Effective Date and has no further force or effect.

      2. Benefits and  Payments.  Company will extend to Executive the following
consideration:

      (a) Payments.  Provided that Executive does not exercise any of his rights
to revoke his release of discrimination claims pursuant to Section 11 hereof and
otherwise  complies  with his  obligations  hereunder,  Company  agrees  that as
separation pay it will (i) continue to pay Executive his annualized  base salary
through the  Employment  Termination  Date,  in  accordance  with the  Company's
regular  payroll  practices,  and  (ii)  pay  to  Executive,  on or  before  the
Employment  Termination Date, a lump sum cash payment equal to $375,000 less (A)
the gross amounts paid to Executive  under clause (i) and (B) Company's  cost of
maintaining   Executive's  health  insurance  benefits  through  the  Employment
Termination  Date.  Executive  understands  that such  payments  are  subject to
applicable federal and state income tax and FICA withholding.

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            (b) No Other Remuneration.  Executive agrees that he is not entitled
to any  remuneration  from Company,  except as provided in this Agreement.  This
includes back pay, sick pay, vacation pay, bonuses,  health, life and disability
insurance benefits or any other compensation.

            (c) COBRA Insurance Coverage. Executive will continue to be eligible
to receive health insurance  benefits through the Employment  Termination  Date,
the entire cost of which will be  deducted  from the lump sum payment to be made
to Executive as described in Section 2(a)(ii). If Executive elects any insurance
coverage  under  COBRA  from and after the  Employment  Termination  Date,  then
Executive shall be responsible  for all amounts due for such insurance  coverage
under COBRA.

            (d)  Stock  Options.   Executive   agrees  that  all  stock  options
previously granted to him by the Company,  including,  without  limitation,  the
grant  described in that  certain  Stock  Option  Agreement  dated June 26, 2003
between Executive and Company  (collectively,  the "Stock Options"),  are hereby
terminated in their  entirety and Executive  shall have no further rights to the
Stock Options, including the right to exercise any vested portion thereof.

            (e) Out-of-Pocket Expenses. Executive shall submit to Company, by no
later  than  April 30,  2004,  all claims  for  reimbursement  of  out-of-pocket
expenses  incurred by Executive  through the Effective Date in the course of his
employment by Company, including all appropriate receipts or other documentation
evidencing  such expenses.  Company will promptly  reimburse  Executive for such
expenses; provided, that Company shall have no obligation to reimburse Executive
for any such  expenses for which  Executive  has not  submitted a  reimbursement
claim by April 30, 2004. Following the Effective Date, without the prior written
consent of Company,  Executive  shall have no right to incur,  nor be reimbursed
for, any out-of-pocket expense.

      3. Non-Disparagement. Executive will not disparage Company, its affiliated
businesses,  or its officers,  board members, or employees, and Company will not
disparage  Executive.  Executive  shall be afforded a reasonable  opportunity to
participate  in drafting and approving any Company press release  announcing his
departure;  provided, however, that if Company and Executive are unable to agree
on the form or  substance  of such press  release,  Company  may issue the press
release without  Executive's  consent if Company  reasonably  believes that such
disclosure  is required by  applicable  law or  regulation  (including,  without
limitation,  the securities laws). In response to any request from a prospective
employer for information relating to Executive, Company will confirm, in writing
if requested,  Executive's former title,  length of employment and ending salary
and related  compensation terms. It is otherwise the Company's policy to refrain
from providing any reference information to prospective employers.

      4. Employment Agreement.  Sections 8.1, 8.3, 8.4 and 8.5 of the Employment
Agreement  shall  continue  to  have  full  force  and  effect.  The  Employment
Agreement,  in every other respect,  including the provisions of Section 8.2, is
hereby terminated.

      5. Sale of  Company  Stock.  During  the  one-year  period  following  the
Effective Date, Executive agrees that he shall sell the shares of Company common
stock now owned by him only in accordance  with the provisions of Rule 144 under
the Securities  Act of 1933, as amended (the  "Securities  Act"),  regardless of
whether any such shares are or will become  registered  under the Securities Act
or  whether  another  exemption  from  the  registration   requirements  of  the
Securities Act is available;  provided,  however,  that  Executive  shall not be
required to file any notices required under Rule 144, unless otherwise  required
to do so by law. From time to time, at Company's request, Executive will furnish
to Company  reasonable  assurance that he has complied with Rule 144 (other than
the Rule's notice  requirements).  Provided that Executive has complied with the
provisions of this Section 5, Company will reasonably cooperate in effecting any
such transfers made by Executive under this Section.

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      6. Records, Documents and Property.  Executive has returned or will return
to Company within 3 days hereafter all of Company's property  (including without
limitation computers),  records (including without limitation computer disks and
computer files)  correspondence,  and documents in Executive's  possession or in
Executive's control. Company has returned or will return within 3 days hereafter
all personal effects and possessions of Executive in Company's  possession,  and
will make reasonable  efforts to provide copies of Executive's  personal data or
documents in the Company's information systems as requested by Executive.

      7.  Cooperation;  Access  to  Company  Facilities.  Until  the  Employment
Termination  Date,  Executive  agrees to reasonably  cooperate  with the Company
concerning the furtherance of the Company's business,  including but not limited
to the  obligation  to answer  any  reasonable  questions  presented  him by the
Company.  Executive  further  agrees to  reasonably  assist  the  Company in the
defense of any claim by the  Company now and in the  future.  Company  agrees to
reimburse  Executive  for any  out-of-pocket  costs  incurred  by  Executive  in
assisting Company under this paragraph.  Except at Company's  request,  however,
Executive will not enter any Company  facility nor have any interaction with any
Company  employee or customer in connection with Company's  business.  Executive
shall not have the  authority  to enter any  agreement  with any third  party on
behalf of the Company nor  represent to any third party that  Executive has such
power.

      8. Confidentiality. The terms of this Agreement will be treated as forever
confidential by Executive and Company and, except as provided in this Agreement,
will not be disclosed by Executive to anyone  except that (i) Executive may make
such disclosures to his attorney, accountant, and spouse, and as required by law
or  regulation  or  in  connection  with  a  legal  or  administrative   action,
proceeding, or investigation,  and (ii) Company may make such disclosures to its
executive officers and directors, its accountants,  and counsel, and as required
by law or regulation  (including  applicable securities laws and regulations) or
in  connection  with  any  legal  or  administrative  action,   proceeding,   or
investigation. Except as otherwise required by law, any disclosures permitted by
this  paragraph  will be made on the  condition  that the  person  to whom  such
disclosure  is made will agree as a condition  to in turn keep the terms of this
Agreement confidential.

      9. Non-Admission. Nothing in this Agreement is intended to be, nor will be
deemed to be, an admission  of liability by Company or Executive  that they have
violated any state or federal statute,  local ordinance,  or principal of common
law, or that Company or Executive has engaged in any wrongdoing.

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      10. Release.

            In  consideration  of  the  payments  and  other  benefits  of  this
Agreement,  Executive hereby fully and finally releases,  waives,  and otherwise
relinquishes  any and all claims that he has or believes he has against  Company
through the date of this  Agreement.  Executive  will not bring any  lawsuits or
make any other  demands  against  Company,  except as  necessary to enforce this
Agreement or the Stock  Options.  The payments and other benefits that Executive
will receive under this Agreement is full and fair consideration for the release
of such claims.  Company does not owe Executive  anything other than what is set
forth in this  Agreement.  The payments and other  benefits that  Executive will
receive  hereunder  constitute  consideration  in  excess of that to which he is
entitled.

            For purposes of this section,  "Company" means Chiral Quest, Inc., a
Minnesota  corporation,  and any subsidiary or any company  related to it in the
past or  present,  and each of them;  and past or present  officers,  directors,
agents  and  employees  of Company  and any other  person who acted on behalf of
Company or on instructions from Company.

            The claims that  Executive  is  releasing,  waiving,  and  otherwise
relinquishing  hereunder  include  all of the rights he has now to any relief of
any kind from  Company,  including  but not  limited  to,  claims  for breach of
contract;  breach of  fiduciary  duty;  fraud or  misrepresentation;  rights and
claims for age  discrimination  under the Age  Discrimination  in Employment Act
("ADEA"),  the Americans with  Disabilities Act ("ADA"),  the Family and Medical
Leave Act ("FMLA"),  or any other  federal,  state,  or local civil rights laws;
defamation;  infliction of emotional distress;  unlawful or wrongful termination
of employment; and any other claims for unlawful employment practices.

            In consideration  of the benefits of this Agreement,  Company hereby
agrees that it will not bring any lawsuits or press any claims or make any other
demands against  Executive,  and otherwise  relinquishes  and waives any and all
claims  against  Executive  that are known to the executive  officers of Company
through  the date of this  Agreement;  provided,  however,  notwithstanding  the
foregoing,  that Company may bring lawsuits or press claims against Executive as
necessary  to enforce  this  Agreement,  Article 8 of the  Employment  Agreement
(other than Section 8.2 thereof).

      11. Rights Concerning Release. Company hereby advises Executive to consult
with an attorney prior to signing this  Agreement  containing a waiver of claims
under the ADEA.

            Executive may take up to twenty-one (21) days to consider his waiver
of rights and claims of age discrimination under the ADEA. Executive understands
that,   upon  signing  this   Agreement,   he  may  revoke  his  waiver  of  age
discrimination   rights  and  claims  under  the  ADEA  within  seven  (7)  days
thereafter,  and his waiver of age  discrimination  rights and claims  under the
ADEA will not be  effective  or  enforceable  until  this  seven-day  period has
expired.

            Executive  understands that if he revokes his waiver as set forth in
this Paragraph 11, Company's obligations hereunder will cease and Executive will
be paid only his base  salary and for his paid time off  through  the  Effective
Date.

      12. Entire  Agreement.  This Agreement and the employee  benefits plans in
which Executive may be a participant,  constitute the entire  Agreement  between
the  parties  with  respect  to  the   termination  of  Executive's   employment
relationship  with  Company,  and the  parties  agree  that  there were no other
inducements  or  representations  leading  to  the  negotiation,  drafting,  and
execution of this Agreement.

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      13.  Invalidity.  In  case  any  one or  more  of the  provisions  of this
Agreement  should be invalid,  illegal,  or  unenforceable  in any respect,  the
validity,  legality, and enforceability of the remaining provisions contained in
this Agreement will not in any way be affected or impaired.

      14. Voluntary and Knowing Action.  Executive and Company  acknowledge that
they have read and  understand  this Agreement and  voluntarily  enter into this
Agreement.

      15. Heirs and Successors. This Agreement shall inure to the benefit of and
shall bind the parties, their heirs, successors, representatives, and assigns.

      16.  Governing Law. This Agreement  shall be construed and  interpreted in
accordance with the laws of the state of New Jersey.

      17. Counterparts.  This Agreement may be executed simultaneously in two or
more  counterparts,  each of which will be deemed an original,  but all of which
together will constitute one and the same instrument.

      18. Notices/Communications.  Any notice, request, demand, or communication
permitted,  required or given  relating to this  Agreement  either by Company to
Executive or by Executive to Company shall be in writing and,  unless  otherwise
required under the terms of a separate  agreement or law or regulation  shall be
deemed to have been  given by either  party to the other  when the party by whom
such notice or  communication  is given deposits such notice or communication in
the U.S. Postal Service mail,  postage prepaid,  certified mail,  return receipt
requested,  properly addressed to the party to whom it is directed. Either party
may, by notice sent in like  manner,  designate a different  address for notices
and communications.

If Sent to Company:                           If Sent to Executive:

Stephen C. Rocamboli, Interim Chairman        Alan D. Roth
Chiral Quest, Inc.                            2 Aubrey House, Maida Avenue
787 Seventh Avenue, 48th Floor                London W2 1TQ, United Kingdom
New York, NY  10019

with a copy to:                               with a copy to:

Maslon Edelman Borman & Brand, LLP            Eckhaus & Olson
90 South 7th Street, Suite 3300               230 Park Avenue
Minneapolis, MN  55402                        New York, NY 10169
Attn: William M. Mower, Esq.                  Attn: Steven Eckhaus, Esq.

                             Signature page follows.

                                       5
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      IN WITNESS WHEREOF, the parties have caused this Agreement to be signed on
the day and year written below.

                                        CHIRAL QUEST, INC.

Dated:  April 14, 2004                  By: /s/ Stephen C. Rocamboli
                                           -------------------------------------
                                           Stephen C. Rocamboli
                                           Interim Chairman

                                        EXECUTIVE:

Dated:  April 8, 2004                   /s/ Alan D. Roth
                                        ----------------------------------------
                                        Alan D. Roth

                                       6Exhibit 4.1

                          CERTIFICATE OF DESIGNATIONS,
                             POWERS, PREFERENCES AND
                        RELATIVE, PARTICIPATING, OPTIONAL
                            AND OTHER SPECIAL RIGHTS
                   OF THE SERIES A CONVERTIBLE PREFERRED STOCK

                                       OF

                              MARKET CENTRAL, INC.

                             Pursuant to Section 151
                     of the Delaware General Corporation Law

      Market Central, Inc. (the "Corporation"), organized and existing under the
General Corporation Law of the State of Delaware does, by its President and its
Secretary and under its corporate seal, hereby certify that pursuant to the
authority contained in Article IV of its Certificate of Incorporation, and in
accordance with the provisions of Section 151 of the Delaware General
Corporation Law, its Board of Directors has adopted the following resolution
creating the following classes and series of the Corporation's $.001 par value
Convertible Preferred Stock and determining the voting powers, designations,
powers, preferences and relative, participating, optional or other special
rights, and the qualifications, limitations and restrictions thereof, of such
classes and series:

      RESOLVED, that, pursuant to authority conferred upon the Board of
Directors by the Amended and Restated Certificate of Incorporation of the
Corporation (the "Certificate of Incorporation"), there is hereby created the
following class of Convertible Preferred Stock:

      o     2,251,407 shares shall be designated Series A Convertible Preferred
            Stock, par value $.001 per share (the "Series A Preferred Stock").

      The designations, powers, preferences, and relative, participating,
optional and other special rights and the qualifications, limitations and
restrictions of the Series A Preferred Stock in addition to those set forth in
the Certificate of Incorporation shall be as follows:

      1. VOTING RIGHTS. Except as otherwise required by law, no holder of Series
A Preferred Stock shall be entitled to vote on any matter.

      2. DIVIDENDS. Holders of Series A Preferred Stock are entitled to a four
percent (4%) cumulative annual dividend on the Series A Liquidation Value,
payable when, as and if declared by the Board of Directors of the Corporation,
in additional shares of Series A Preferred Stock determined by dividing the
amount of such dividend by the Series A Liquidation Value. Such dividends shall
begin to accrue on December 15, 2003, except to the extent that dividends accrue
on the portion of a holder's Series A Liquidation Value resulting from the
issuance of additional shares of Series A Preferred Stock as dividends, in which
event such dividends shall accrue from the date of issuance of such additional
shares of Series A Preferred Stock. All dividends declared upon the Series A
Preferred Stock shall be declared pro rata per share. Further, the Corporation
may make distributions on the Junior Securities, provided that no distributions
(as defined below) shall be declared or paid with respect to the Common Stock or
other securities that are pari pasu or junior to the Series A Preferred Stock
(the "Junior Securities") without there being contemporaneously declared and
paid a dividend on the Series A Preferred Stock (with the same record and
payment date) so that each share of Series A Preferred Stock shall receive a
dividend equal to the distribution paid per share of the Junior Securities times
the number of shares of the Junior Securities into which such share of Series A
Preferred Stock is then convertible. For the purpose of this Section 2, unless
the context otherwise requires, "distribution" shall mean the transfer of cash
or property by the Corporation without consideration, whether by way of dividend
or otherwise, payable other than in Junior Securities, or the purchase or
redemption of shares of the Corporation for cash or property, including any such
transfer, purchase or redemption by a subsidiary of the Corporation.

                                       27
<PAGE>

      3.    LIQUIDATION.

            (a) Liquidation Value. In the event of any Liquidation Event prior
to a Qualified Offering, the holders of the Series A Preferred Stock shall be
entitled pari passu to be paid, before any distribution or payment is made upon
any Common Stock, an amount in cash equal to the Series A Liquidation Value of
each share of Series A Preferred Stock held by them, and no more. If such
payment shall have been made in full to the holders of Series A Preferred Stock,
the remaining assets of the Corporation shall be distributed among the holders
of Junior Securities. If upon any Liquidation Event prior to a Qualified
Offering, the Corporation's assets to be distributed among the holders of the
Series A Preferred Stock are insufficient to permit payment in full of the
Series A Liquidation Value to such holders, such assets shall be distributed
ratably among them based upon the aggregate Series A Liquidation Value of the
Series A Preferred Stock held by each holder.

            (b) Notice of Liquidation Event. At least thirty (30) days' previous
notice by mail, postage prepaid, shall be given to the holders of record of the
Series A Preferred Stock of any Liquidation Event, such notice to be addressed
to each such holder at the address of such holder appearing on the books of the
Corporation or given by such holder to the Corporation for the purpose of
notice, or if no such address appears or is so given, at the place where the
principal office of the Corporation is located. Such notice shall state the
anticipated date fixed for the Liquidation Event, the Series A Liquidation
Value, and shall call upon such holder to surrender to the Corporation on said
date at the place designated in the notice such holder's certificate or
certificates representing their Series A Preferred Stock; provided, however,
that failure to so surrender such certificate or certificates shall not affect
such holder's rights under this Section 3.

            (c) Adjustment to Series A Liquidation Value. If the Corporation
subdivides (by any stock split, stock dividend, recapitalization or otherwise)
Series A Preferred Stock into a greater number of shares, the Series A
Liquidation Value of such Series A Preferred Stock will be proportionately
reduced, and if the Corporation combines (by reverse stock split or otherwise)
Series A Preferred Stock into a lesser number of shares, the Series A
Liquidation Value of such Series A Preferred Stock will be proportionately
increased.

      4.    CONVERSION.

            (a) Conversion and Conversion Ratio. Effective at any time after one
year from the date of issuance (the "Conversion Date"), each share of Series A
Preferred Stock may, at the sole discretion of the holder of such shares of
Series A Preferred Stock, be converted into one (1) share of Common Stock (the
"Conversion Ratio"). Such Conversion shall be exercised by the holder giving the
Corporation written notice of the Conversion. Thereafter, the Corporation shall
deliver to the holder a certificate evidencing such shares of Common Stock
against delivery to the Corporation at its principal office of the certificate,
duly endorsed, representing the shares of Series A Preferred Stock held by such
holder. Notwithstanding anything to the contrary herein, upon receipt of notice
of a Liquidation Event before a Qualified Offering, each holder of shares of
Series A Preferred Stock, at his sole discretion, shall have not less than
thirty (30) days to provide such written notice and deliver such certificates to
the Corporation as set forth above for conversion.

            (b) Reorganization, Reclassification, Consolidation, Merger or Sale,
etc.

                  (i) If the Corporation at any time subdivides (by any stock
split, stock dividend, recapitalization or otherwise) one or more classes of its
outstanding shares of its Common Stock into a greater number of shares, the
Conversion Ratio in effect immediately prior to such subdivision will be
proportionately reduced, and if the Corporation at any time combines (by reverse
stock split or otherwise) one or more classes of its outstanding shares of its
Common Stock, the Conversion Ratio in effect immediately prior to such
combination will be proportionately increased concurrently with the
effectiveness of such event.

                  (ii) In case the Corporation shall declare a dividend or make
any other distribution upon any stock of the Corporation payable in Common Stock
or options to purchase shares of Commons Stock or securities convertible into
shares of Common Stock for no consideration without making a ratable
distribution thereof to holders of Series A Preferred Stock (based upon the
number of shares of Common Stock into which such Series A Preferred Stock would
be convertible, assuming Conversion), then the Conversion Ratio in effect
immediately prior to the declaration of such dividend or distribution shall be
proportionately reduced, concurrently with the effectiveness of such
declaration.

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                  (iii) Any capital reorganization, reclassification,
consolidation, merger or sale of all or substantially all of the Corporation's
assets to another Person which is effected in such a way that holders of Common
Stock are entitled to receive (either directly or upon subsequent liquidation)
stock, securities or assets with respect to or in exchange for Common Stock is
referred to herein as an "Organic Change." Prior to the consummation of any
Organic Change, the Corporation will make appropriate provisions to insure that
each of the holders of Series A Preferred Stock will thereafter have the right
to acquire and receive such shares of stock, securities or assets as such holder
would have received in connection with such Organic Change if such holder had
converted its Series A Preferred Stock immediately prior to such Organic Change.
The Corporation will not effect any such consolidation, merger or sale, unless
prior to the consummation thereof, the successor corporation (if other than the
Corporation) resulting from consolidation or merger or the Corporation
purchasing such assets assumes by written instrument the obligation to deliver
to each such holder such shares of stock, securities or assets as, in accordance
with the foregoing provisions, such holder may be entitled to acquire.

            (c) Fractional Shares. No payment or adjustment shall be made upon
any conversion on account of any cash dividends paid or payable on the Common
Stock issued upon such conversion. If any fractional interest in a share of
Common Stock is deliverable upon any such conversion, the Corporation, in lieu
of delivering fractional shares thereof, shall pay to the holder surrendering
the Series A Preferred Stock for conversion an amount in cash equal to the
Market Value of such fractional interest as of the date of conversion.

            (d) Stock to be Reserved. The Corporation will at all times reserve
and keep available out of its authorized Common Stock or its treasury shares,
solely for the purpose of issue upon the conversion of the Series A Preferred
Stock as herein provided, such number of shares of Common Stock as shall then be
issuable upon the conversion of all outstanding shares of Series A Preferred
Stock. The Corporation covenants that all shares of Common Stock which shall be
so issued shall be duly and validly issued and fully paid and nonassessable and
free from all liens and charges with respect to the issue thereof. The
Corporation will take all such action as may be necessary to assure that all
such shares of Common Stock may be so issued without violation of any applicable
law or regulation.

            (e) No Reissuance of Series A Preferred Stock. Shares of Series A
Preferred Stock which are converted into shares of Common Stock as provided
herein or which are repurchased by the Corporation shall not be reissued and the
authorized number of Series A Preferred Stock shall be reduced upon the
conversion of such Series A Preferred Stock or the repurchase thereof by the
Corporation by the number of shares of such converted or repurchased Series A
Preferred Stock.

            (f) Issue Tax. The issuance of certificates for shares of Common
Stock upon conversion of the Series A Preferred Stock shall be made without
charge to the holders thereof for any issuance tax in respect thereof, provided
that the Corporation shall not be required to pay any income or similar taxes of
a holder arising in connection with a conversion or any tax that may be payable
in respect of any transfer involved in the issuance and delivery of any
certificates in a name other than that of the holder of the Series A Preferred
Stock which is being converted.

            (g) Closing of Books. The Corporation will at no time close its
transfer books against the transfer of any Series A Preferred Stock or of any
shares of Common Stock issued or issuable upon the conversion of any shares of
Series A Preferred Stock in any manner that interferes with the timely
conversion of such Series A Preferred Stock.

      5. OPTIONAL REDEMPTION. At any time after December 14, 2005, the Company
may redeem all, but not less than all, of the Series A Preferred Shares by
delivery of written notice (the "Redemption Notice") to each holder of Series A
Preferred Shares of such redemption. On the effective date set forth in the
Optional Redemption Notice, but not later than thirty (30) days following the
date of the Optional Redemption Notice, the then outstanding shares of Series A
Preferred Shares shall become immediately redeemable and the Company shall
purchase each holder's outstanding share of Series A Preferred Shares in
exchange for cash in an amount per share equal to the Series A Liquidation
Value. Notwithstanding anything to the contrary herein, upon receipt of a
Redemption Notice, each holder of shares of Series A Preferred Stock, at his
sole discretion, shall have the right to give the Corporation written notice of
the Conversion of their shares of Series A Preferred Stock in accordance with
the terms of Section 4(a).

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<PAGE>

      6. INCIDENTAL REGISTRATIONS. If the Corporation at any time proposes to
conduct a Qualified Offering, it will give prompt written notice to all holders
of Series A Preferred Stock of its intention to do so. Upon the written request
of any such holder made within 30 days after the receipt of any such notice
(which request shall specify the number of Common Stock intended to be disposed
of by such holder and the intended method or methods of disposition thereof) and
the Conversion of such shares of Series A Preferred Stock in accordance with the
terms of Section 3(a) hereof, the Corporation will use its best efforts to
effect the registration under the Securities Act of 1933, as amended, of all
such Common Stock in accordance with such intended method or methods of
disposition, provided that:

            (a) if, at any time after giving written notice of its intention to
register any equity securities and prior to the effective date of the
registration statement filed in connection with such registration, the
Corporation shall determine for any reason not to register such equity
securities, the Corporation may, at its election, give written notice of such
determination to each holder of Series A Preferred Stock and, thereupon, shall
not be obligated to register any such Common Stock in connection with such
registration (but shall nevertheless pay the Registration Expenses in connection
therewith); and

            (b) if a registration pursuant to this Section 6 involves an
underwritten offering, and the managing underwriter (or, in the case of an
offering that is not underwritten, an investment banker) shall advise the
Corporation in writing (with a copy to each holder of Series A Preferred Stock
requesting registration thereof) that, in its opinion, the number of securities
requested and otherwise proposed to be included in such registration exceeds the
number which can be sold in such offering, the Corporation will include in such
registration to the extent of the number which the Corporation is so advised can
be sold in such offering, first, the securities if any, being sold by the
Corporation, and second, the Common Stock of the holders of Series A Preferred
Stock requested to be included in such registration pro rata, among such
holders, on the basis of the number of such Common Stock requested to be
included.

      The Corporation will pay all registration expenses in connection with each
registration of Common Stock requested pursuant to this Section 6, provided that
any seller thereunder shall pay all registration expenses to the extent required
to be paid by such seller under applicable law and provided further that
underwriting commissions shall be paid pro rata by the sellers in such
registration, based on the number of shares of Common Stock being sold.

      7.    DEFINITIONS.

      For purposes herein, the following terms shall have the meanings
indicated:

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

      "Common Stock" means, collectively, the Corporation's Common Stock, par
value $.001 per share, and any capital stock of any class of the Corporation
hereafter authorized which is not limited to a fixed sum or percentage of stated
value in respect to the rights of the holders thereof to participate in
dividends or in the distribution of assets upon any liquidation, dissolution or
winding up of the Corporation.

      "Liquidation Event" shall mean any liquidation, dissolution, or winding up
of the Corporation, whether voluntary or involuntary.

      "Market Value" of any security means the average of the closing prices of
such security's sale on all securities exchanges on which such security may at
the time be listed, or, if there has been no sales on any such exchange on any
day, the average of the highest bid and lowest asked prices on all such
exchanges at the end of such day, or, if on any day such security is not so
listed, the average of the representative bid and asked prices quoted in the
Nasdaq System as of 4:00 P.M., New York time, or, if on any day such security is
not quoted in the Nasdaq System, the average of the highest bid and lowest asked
prices on such day in the domestic over-the-counter market as reported by the
National Quotation Bureau, Incorporated, or any similar successor organization.
If at any time such security is not listed on any securities exchange or quoted
in the Nasdaq System or the over-the-counter market, the "Market Value" will be
the fair value thereof determined jointly by the Corporation and the holders of
a majority of the Series A Preferred Stock then outstanding. If such parties are
unable to reach agreement within a reasonable period of time, such fair value
will be determined by an independent appraiser jointly selected by the
Corporation and the holders of a majority of the Series A Preferred Stock then
outstanding. If such Persons are unable to agree upon an appraiser, such
appraiser will be selected by (i) an independent appraiser selected by the
Corporation, and (ii) an independent appraiser selected by the holders of a
majority of the outstanding Series A Preferred Stock; the cost of such
independent appraiser determining the fair value of such consideration shall be
borne by the Corporation.

                                       30
<PAGE>

      "Person" means an individual, a partnership, a corporation, a trust, a
joint venture, an unincorporated organization or any department or agency
thereof.

      "Qualified Offering" means the closing of a public offering of shares of
the Common Stock of the Corporation in an amount of not less than $5,000,000
prior to commissions and offering expenses pursuant to an effective registration
statement on a form prescribed by the SEC Commission (other than Form S-4 or
Form S-8 or any successor or replacement form for any such form).

      "Series A Liquidation Value" of any share of Series A Preferred Stock as
of any particular date will be equal to $1.3325, subject to adjustment as
provided for herein.

      "Series A Preferred Stock" shall mean the Corporation's Series A
Convertible Preferred Stock, par value $.001 per share.

                                       31
<PAGE>

      IN WITNESS WHEREOF, Market Central, Inc. has caused this Certificate to be
duly executed by the undersigned this 15th day of April, 2004.

                                      MARKET CENTRAL, INC.

                                      By:      /s/ Terrance J. Liefheit
                                            ---------------------------
                                      Name:    Terrance J. Liefheit
                                      Title:   President

                                       32

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