Document:

EXHIBIT 4.4

            Void after 5:00 p.m. Los Angeles Time, on April 15, 2002
         Warrant to Purchase Shares of Common Stock ("Expiration Date")

                        --------------------------------

              WARRANT TO PURCHASE 1,000,000 SHARES OF COMMON STOCK

                                       OF

                             JAWS TECHNOLOGIES, INC.

                        --------------------------------

               This is to Certify That, FOR VALUE RECEIVED, BRISTOL ASSET
MANAGEMENT, LLC or assigns ("Holder"), is entitled to purchase, subject to the
provisions of this Warrant, from JAWS TECHNOLOGIES, INC., ("Company"), ONE
MILLION SHARES (1,000,000) of the fully paid, validly issued and nonassessable
shares of Common Stock of the Company ("Common Stock") at any time or from time
to time during the period from the date hereof, through and including April 15,
2002, but not later than 5:00 p.m. Los Angeles Time, on April 15, 2002
("Exercise Period"). The price to be paid for each share of Common Stock shall
be $0.70 per share. The shares of Common Stock deliverable upon such exercise,
and as adjusted from time to time, are hereinafter sometimes referred to as
"Warrant Shares" and the respective exercise price of a share of Common Stock in
effect at any time and as adjusted from time to time is hereinafter sometimes
referred to as the "Exercise Price."

                      (a)     Exercise of Warrant. The Holder may exercise this
Warrant in whole or in part, at any time or from time to time on any Business
Day on or prior to the Expiration Date, by delivering to the Company a duly
executed notice (a "Notice of Exercise") in the form of Annex A hereto, by
payment to the Company of the Exercise Price per Warrant Share in an amount
equal to the product of (i) the Exercise Price times (ii) the number of Warrant
Shares as to which this Warrant is being exercised.

               As soon as practicable after the Company shall have received such
Notice of Exercise an any required payment, the Company shall execute and
deliver or cause to be executed and delivered, in accordance with such Notice of
Exercise, to the Holder at the address set forth in such Notice of Exercise a
certificate or certificates which shall not bear any legend representing the
number of shares of Common Stock specified in such Notice of Exercise. The
Warrant shall be deemed to have been exercised and such share certificate or
certificates shall be deemed to have been issued, and the Holder shall be deemed
for all

<PAGE>   2

purposes to have become a holder of record of shares of Common Stock, as of the
date that such Notice of Exercise and any required payment shall have been
received by the Company.

               The Holder shall surrender this Warrant certificate of the
Company when it delivers the Notice of Exercise, and in the event of a partial
exercise of the Warrant, the Company shall execute and deliver to the Holder, at
the time the Company delivers the share certificate or certificates issued
pursuant to such Notice of Exercise, a new Warrant certificate for the
unexercised portion of the Warrant, but in all other respect identical to this
Warrant certificate.

               The Company shall not be require to issue fractional shares of
Common Stock upon an exercise of the Warrant. If any fraction of a share would,
but for this restriction, be issuable upon an exercise of the Warrant, in lieu
of delivering such fractional share, the Company shall pay to the Holder, in
cash, an amount equal to the same fraction times the FMV for the Common Stock
(as defined above) immediately prior to the date of such exercise.

               The Company shall pay all expenses, taxes and other charges
payable in connection with the preparation, issuance and delivery of
certificates for the Warrant Shares and any new Warrant certificates.

                      (b)     Reservation of Shares. The Company shall at all
times reserve for issuance and/or delivery upon exercise of this Warrant such
number of shares of its Common Stock as shall be required for issuance and
delivery upon exercise of the Warrants.

                      (c)     Fractional Shares. No fractional shares or script
representing fractional shares shall be issued upon the exercise of this
Warrant. With respect to any fraction of a share called for upon any exercise
hereof, the Company shall pay to the Holder an amount in cash equal to such
fraction multiplied by the current market value of a share, determined as
follows:

                              (1)  If the Common Stock is listed on a National
Securities Exchange or admitted to unlisted trading privileges on such exchange
or listed for trading on the NASDAQ system, the current market value shall be
the last reported sale price of the Common Stock on such exchange or system on
the last business day prior to the date of exercise of this Warrant or if no
such sale is made (or reported) on such day, the average closing bid and asked
prices for such day on such exchange or system; or

                             (2)   If the Common Stock is not so listed or
admitted to unlisted trading privileges, the current market value shall be the
mean of the last reported bid and asked prices reported by the Electronic
Bulletin Board or National Quotation Bureau, Inc. on the last business day prior
to the date of the exercise of this Warrant; or

                             (3)   If the Common Stock is not so listed or
admitted to unlisted trading privileges and bid and asked prices are not so
reported, the current market value shall be an amount, not less than book value
thereof as at the end of the most recent

                                      -2-
<PAGE>   3

fiscal year of the Company ending prior to the date of the exercise of the
Warrant, determined in such reasonable manner as may be prescribed by the Board
of Directors of the Company.

                      (d)     Exchange, Transfer, Assignment or Loss of Warrant.
This Warrant is exchangeable, without expense, at the option of the Holder, upon
presentation and surrender hereof to the Company for other warrants of different
denominations entitling the holder thereof to purchase in the aggregate the same
number of shares of Common Stock purchasable hereunder. Upon surrender of this
Warrant to the Company at its principal office, with the Assignment Form annexed
hereto duly executed and funds sufficient to pay and transfer tax, the Company
shall, without charge, execute and deliver a new Warrant in the name of the
assignee named in such instrument of assignment and this Warrant shall promptly
be canceled. This Warrant may be divided or combined with other warrants which
carry the same rights upon presentation hereof at the principal office of the
Company, together with a written notice specifying the names and denominations
in which new Warrants are to be issued and signed by the Holder hereof. The term
"Warrant" as used herein includes any Warrants into which this Warrant may be
divided or exchanged. Upon receipt of the Company of evidence satisfactory to it
of the loss, theft, destruction or mutilation of this Warrant, and (in the case
of loss, theft or destruction) of reasonably satisfactory indemnification, and
upon surrender and cancellation of this Warrant, if mutilated, the Company will
execute and deliver a new Warrant of like tenor and date. Any such new Warrant
executed and delivered shall constitute an additional contractual obligation on
the part of the Company, whether or not this Warrant so lost, stolen, destroyed,
or mutilated shall be at any time enforceable by anyone.

                      (e)     Rights of the Holder. The Holder shall not, by
virtue hereof, be entitled to any rights of a shareholder in the Company, either
at law or equity, and the rights of the Holder are limited to those expressed in
the Warrant and are not enforceable against the Company except to the extent set
forth herein.

                      (f)     Anti-Dilution Provisions.  The respective Exercise
Price in effect at any time and the number and kind of securities purchasable
upon the exercise of the Warrants shall be subject to adjustment from time to
time upon the happening of certain events as follows:

                              (1)  In case the Company shall (i) declare a
dividend or make a distribution on its outstanding shares of Common Stock in
shares of Common Stock, (ii) subdivide or reclassify its outstanding shares of
Common Stock into a greater number of shares, or (iii) combine or reclassify its
outstanding shares of Common Stock into a smaller number of shares, the
respective Exercise Price in effect at the time of the record date for such
dividend or distribution or of the effective date of such subdivision,
combination or reclassification shall be adjusted so that it shall equal the
price determined by multiplying the respective Exercise Price by a fraction, the
denominator of which shall be the number of shares of Common Stock outstanding
after giving effect to such action, and the numerator of which shall be the
number of shares of Common Stock outstanding immediately prior to such action.
Such adjustment shall be made successively whenever any event listed above shall
occur.

                                      -3-
<PAGE>   4

                              (2)  Whenever the respective Exercise Price
payable upon exercise of each Warrant is adjusted pursuant to Subsection (1)
above, the number of Shares purchasable upon exercise of this Warrant shall
simultaneously be adjusted by multiplying the respective number of Shares
initially issuable upon exercise of this Warrant by the respective Exercise
Price in effect on the date hereof and dividing the product so obtained by the
respective Exercise Price, as adjusted.

                              (3)  No adjustment in the respective Exercise
Price shall be required unless such adjustment would require an increase or
decrease of at least one cent ($0.01) in such price; provided, however, that any
adjustment which by reason of this Subsection (3) is not required to be made
shall be carried forward and taken into account in any subsequent adjustment
required to be made hereunder. All calculations under this Section (f) shall be
made to the nearest cent or to the nearest one-hundredth of a share, as the case
may be. Anything in this Section (f) to the contrary notwithstanding, the
Company shall be entitled, but shall not be required, to make such changes in
the respective Exercise Price, in addition to those required by this Section
(f), as it shall determine, in its sole discretion, to be advisable in order
that any dividend or distribution in shares of Common Stock, or any subdivision,
reclassification or combination of Common Stock, hereafter made by the Company
shall not result in any Federal Income tax liability to the holders of Common
Stock or securities convertible into Common Stock (including the Warrants).

                              (4)  In the event that at any time, as a result of
an adjustment made pursuant to Subsection (1) above, the Holder of this Warrant
thereafter shall become entitled to receive any shares of the Company, other
than Common Stock, thereafter the number of such other shares so receivable upon
exercise of this Warrant shall be subject to adjustment from time to time in a
manner and on terms as nearly equivalent as practicable to the provisions with
respect to the Common Stock contained in Subsections (1) to (3) inclusive above.

                              (5)  Irrespective of any adjustments in the
respective Exercise Price or the related number or kind of share purchasable
upon exercise of this Warrant, Warrants theretofore or thereafter issued may
continue to express the same price and number and kind of shares as are stated
in the similar Warrants initially issuable pursuant to this Agreement.

                      (g)     Officer's Certificate. Whenever the respective
Exercise Price shall be adjusted as required by the provisions of the foregoing
Section (f), the Company shall forthwith file in the custody of its Secretary or
an Assistant Secretary at its principal office, an officer's certificate showing
the adjusted respective Exercise Price determined as herein provided, setting
forth in reasonable detail the facts requiring such adjustment, including a
statement of the number of related additional shares of Common Stock, if any,
and such other facts as shall be necessary to show the reason for and the manner
of computing such adjustment. Each such officer's certificate shall be made
available at all reasonable times for inspection by the holder or any holder of
a Warrant executed and delivered pursuant to

                                      -4-
<PAGE>   5

Section (a) and the Company shall, forthwith after each such adjustment, mail a
copy by certified mail of such certificate to the Holder or any such holder.

                      (h)     Notices to Warrant Holders. So long as this
Warrant shall be outstanding, (i) if the Company shall pay any dividend or make
any distribution upon the Common Stock or (ii) if the Company shall offer to the
holders of Common Stock for subscription or purchase by them any share of any
class or any other rights or (iii) if the capital reorganization of the Company,
reclassification of the capital stock of the Company, consolidation or merger of
the Company with or into another corporation, sale, lease or transfer of all or
substantially all of the property and assets of the Company to another
corporation, or voluntary or involuntary dissolution, liquidation or winding up
of the Company shall be effected, then in any such case, the Company shall cause
to be mailed by certified mail to the Holder, at least fifteen days prior the
date specified in (x) or (y) below, as the case may be, a notice containing a
brief description of the proposed action and stating the date on which (x) a
record is to be taken for the purpose of such dividend, distribution or rights,
or (y) such reclassification, reorganization, consolidation, merger, conveyance,
lease, dissolution, liquidation or winding up is to take place and the date, if
any is to be fixed, as of which the holders of Common Stock or other securities
shall receive cash or other property deliverable upon such reclassification,
reorganization, consolidation, merger, conveyance, dissolution, liquidation or
winding up. The failure to give such notice shall not otherwise effect the
action taken by the Company.

                       (i)    Reclassification, Reorganization or Merger. In
case of any reclassification, capital reorganization or other change of
outstanding shares of Common Stock of the Company, or in case of any
consolidation or merger of the Company with or into another corporation (other
than a merger with a subsidiary in which merger the Company is the continuing
corporation and which does not result in any reclassification, capital
reorganization or other change of outstanding shares of Common Stock of the
class issuable upon exercise of this Warrant) or in case of any sale, lease or
conveyance to another corporation of the property of the Company as an entirety,
the Company shall, as a condition precedent to such transaction, cause effective
provisions to be made so that the Holder shall have the right thereafter by
exercising this Warrant at any time prior to the expiration of the Warrant, to
purchase the kind and amount of shares of stock and other securities and
property receivable upon such reclassification, capital reorganization and other
change, consolidation, merger, sale or conveyance by a holder of the number of
shares of Common Stock which might have been purchased upon exercise of this
Warrant immediately prior to such reclassification, change, consolidation,
merger, sale or conveyance. Any such provision shall include provision for
adjustments which shall be as nearly equivalent as may be practicable to the
adjustments provided for in this Warrant. The foregoing provisions of this
Section (i) shall similarly apply to successive reclassifications, capital
reorganizations and changes of shares of Common Stock and to successive
consolidations, mergers, sales or conveyances. In the event that in connection
with any such capital reorganization or reclassification, consolidation, merger,
sale or conveyance, additional shares of Common Stock shall be issued in
exchange, conversion, substitution or payment, in whole or in part, for a
security of the Company other

                                      -5-
<PAGE>   6

than Common Stock, any such issue shall be treated as an issue of Common Stock
covered by the provisions of Subsection (1) of Section (f) hereof.

                      (j)    Registration or Exemption Under the Securities
Act of 1933.

                      This warrants and the shares of Common Stock underlying
this Warrant shall be registered under the United States Securities Act of 1933,
upon the request of the Holder, in the event that the Company files a
Registration Statement with the Securities and Exchange Commission pursuant to
Form SB-2 including the current Registration Statement, or any other applicable
form for the registration of common shares, without expense to the Holder. In
addition, to the extent that the Company is able to issue warrants or shares
pursuant to Rule 504 under Regulation D at any time, the Holder shall have the
first right to exchange the warrants or shares for freely tradeable warrants or
shares issued by the Company pursuant to the exemption provided by Rule 504. In
either instance, the Company shall provide written notice to the Holder, thirty
(30) days in advance of any proposed filing of a Registration Statement with the
SEC, or the availability of resale of common shares or warrants under Rule 504.

                      (k)     Venue. The terms of this Agreement shall be
construed in accordance with the laws of the State of California. The exclusive
venue with respect to any claims or disputes under this Agreement shall be the
appropriate State or Federal Courts located in Los Angeles, California.

                      IN WITNESS WHEREOF, the Company has caused this Warrant to
be signed and attested by the Undersigned, each being duly authorized, as of the
date below.

                             JAWS TECHNOLOGIES, INC.

                                         By:__________________________________
                                         Its: __________________________________

Dated: April ____, 1999

ATTEST:

____________________________________
_______________________, Secretary

                                       -6-
<PAGE>   7

                                  EXERCISE FORM

               The undersigned hereby irrevocably elects to exercise the within
Warrant to the extent of purchasing Shares of Common Stock of Jaws Technologies,
Inc. at $0.70 per share.

                                    --------

                     INSTRUCTIONS FOR REGISTRATION OF STOCK

Name _______________________________________________________
          (Please typewrite or print in block letters)

Address ____________________________________________________

Social Security of Federal I.D. Number: __________________________

THE UNDERSIGNED REPRESENTS AND WARRANTS TO JAWS TECHNOLOGIES, INC. THAT THE
CONDITIONS FOR EXERCISE OF THE WITHIN WARRANT SET FORTH IN THE FIRST SENTENCE OF
THE FIRST PARAGRAPH ABOVE HAVE BEEN FULLY COMPLIED WITH.

CHECK APPROPRIATE BOX

[ ]     Payment of $__________ enclosed

[ ]     Cashless Exercise Option

        Signature _____________________________________________
        (Sign exactly as your name appears on the first page of this Warrant)

        ------------------------------------------------------
        PRINT NAME

<PAGE>   8

                                 ASSIGNMENT FORM

               FOR VALUE RECEIVED, __________________________________________
hereby sells, assigns and transfers unto

Name ________________________________________________________________________
             (Please typewrite or print in block letters)

Address _____________________________________________________________________

Social Security of Federal I.D. Number: _____________________________________
the right to purchase shares of Common Stock of Jaws Technologies, Inc.
represented by this Warrant as to which such right is exercisable and does
hereby irrevocably constitute and appoint _____________________________________
Attorney, to transfer the same on the books of Jaws Technologies, Inc. with full
power of substitution in the premises.

Date __________ __, ______

Signature ________________________________________
             (Sign exactly as your name appears on
             the first page of this Warrant)

                                       -2-EXHIBIT 4.5

                                    EXHIBIT A

         THESE  SECURITIES  HAVE NOT BEEN  REGISTERED  WITH  THE  UNITED  STATES
SECURITIES AND EXCHANGE  COMMISSION OR THE  SECURITIES  COMMISSION OF ANY STATE.
THE  SECURITIES  ARE BEING OFFERED  PURSUANT TO A SAFE HARBOR FROM  REGISTRATION
UNDER REGULATION S PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
"ACT").  THE SECURITIES ARE  "RESTRICTED"  AND MAY NOT BE OFFERED OR SOLD IN THE
UNITED  STATES OR TO U.S.  PERSONS  (AS SUCH TERM IS  DEFINED  IN  REGULATION  S
PROMULGATED  UNDER THE ACT) UNLESS THE SECURITIES ARE REGISTERED  UNDER THE ACT,
PURSUANT  TO  REGULATION  S  OR  PURSUANT  TO  AVAILABLE   EXEMPTIONS  FROM  THE
REGISTRATION REQUIREMENTS OF THE ACT AND THE COMPANY IS PROVIDED WITH OPINION OF
COUNSEL OR OTHER SUCH  INFORMATION AS IT MAY REASONABLY  REQUIRE TO CONFIRM THAT
SUCH  EXEMPTIONS  ARE AVAILABLE.  FURTHER,  HEDGING  TRANSACTIONS  INVOLVING THE
SECURITIES MAY BE MADE ONLY IN COMPLIANCE WITH THE ACT.

                        Warrant to Purchase Common Stock
                                       of
                             JAWS TECHNOLOGIES INC.

                 This  Warrant to  Purchase  Common  Stock (this  "Warrant')  is
issued June 21,  1999,  by Jaws  Technologies  Inc., a Nevada  corporation  (the
"Company"), to Glentel Inc. (the "Holder").

1.               Issuance of Warrant Term.  The Company hereby grants to Holder,
subject to the provisions  hereinafter set forth,  the right to purchase 834,000
shares of common stock  $0.001 par value per share,  of the Company (the "Common
Stock").  The shares of Common Stock  issuable upon exercise of this Warrant are
hereinafter  referred to as the "Shares."  This Warrant shall be  exercisable at
any time before 5:00 p.m. on June 30, 2001.

2.               Exercise  Price.  The exercise price per share for which all or
any of the Shares may be purchased  pursuant to the terms of this Warrant  shall
be $2.25 U.S.

3.               Exercise

(a)              This  Warrant may be  exercised  by Holder in whole or in part,
upon  delivery of written  notice of intent to the Company at the address of the
Company set forth below its signature below or such other address as the Company
shall  designate  in written  notice to Holder,  together  with this Warrant and
payment  (in the manner  described  in  Section  3(b)  below) for the  aggregate
Exercise  Price of the

<PAGE>

Shares so purchased.  Upon  exercise of this Warrant as  aforesaid,  the Company
shall as promptly as practicable  execute and deliver to Holder a certificate or
certificates  for the total  number of whole  Shares for which  this  Warrant is
being exercised in such names and  denominations as are requested by Holder.  If
this  Warrant  shall be  exercised  with respect to less than all of the Shares,
Holder shall be entitled to receive a new Warrant  covering the number of Shares
in  respect  of which  this  Warrant  shall not have been  exercised,  which new
Warrant shall in all other respects be identical to this Warrant.

(b)              Payment for the Shares to be  purchased  upon  exercise of this
Warrant  may be made by wire  transfer  or by the  delivery  of a  certified  or
cashier's  check payable to the Company for the aggregate  Exercise Price of the
Shares to be purchased.

4.               Covenants and Conditions.  The above  provisions are subject to
the following:

(a)              Neither this Warrant nor the Shares have been registered  under
the Securities Act of 1933, as amended (the "Act"), or any state securities laws
("Blue Sky Laws").  This Warrant and the Shares have been acquired by the Holder
for investment  purposes and not with a view to distribution or resale,  and the
Shares may not be made subject to a security  interest,  pledged,  hypothecated,
sold or  otherwise  transferred  without  an  effective  registration  statement
therefor  under  the Act and such  applicable  Blue Sky  Laws or an  opinion  of
counsel (which opinion and counsel rendering same shall be reasonably acceptable
to the Company) that the  registration  is not required  under the Act and under
any applicable Blue Sky Laws. certificates  representing the Warrants shall bear
substantially the following legend:

THE WARRANTS MAY ONLY BE EXERCISED (i) BY A PERSON WHO IS NOT A U.S.  PERSON (AS
DEFINED  IN  REGULATION  S  PROMULGATED  UNDER THE  SECURITIES  ACT OF 1933,  AS
AMENDED),  AND (ii) IF NO U.S. PERSON HAS ANY INTEREST IN THE WARRANTS EXERCISED
OR THE UNDERLYING  SECURITIES TO BE ISSUED UPON  EXERCISE,  AND (iii) THE COMMON
SHARES  UNDERLYING THE WARRANTS SHALL BE DELIVERED OUTSIDE THE UNITED STATES. IF
THE ABOVE CANNOT BE COMPLIED WITH,  THEN THE WARRANTS CAN BE EXERCISED ONLY IF A
WRITTEN OPINION OF COUNSEL, THE FORM AND SUBSTANCE OF WHICH IS ACCEPTABLE TO THE
COMPANY,  IS  DELIVERED TO THE COMPANY  PRIOR TO EXERCISE OF THE WARRANTS  BEING
EXERCISED  THAT  REGISTRATION  IS NOT  REQUIRED,  OR THE  UNDERLYING  SECURITIES
DELIVERED UPON EXERCISE HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933.

                 Other legends as required by applicable  federal and state laws
may be placed on such certificates. Holder and the Company agree to execute such
documents and instruments as counsel for the Company  reasonably deems necessary
to effect

<PAGE>

compliance  of the issuance of this Warrant and any Shares  issued upon exercise
hereof with applicable federal and state securities laws.

(b)              The Company  covenants  and agrees that all Shares which may be
issued upon exercise of this Warrant will,  upon issuance and payment  therefor,
be legally and validly issued and outstanding, fully paid and nonassessable.

5.               Warrantholder  not  Stockholder.  This  Warrant does not confer
                 upon Holder any voting  rights or other rights as a stockholder
                 of the Company.

6.               Certain Adjustments.

a)               Capital  Reorganizations,  Mergers,  Consolidations or Sales of
Assets.  If at any time there  shall be a capital  reorganization  (other than a
combination  or subdivision of Common Stock  otherwise  provided for herein),  a
share exchange (subject to and duly approved by the stockholders of the Company)
or a merger or consolidation of the Company with or into another corporation, or
the sale of the  Company's  properties  and assets as, or  substantially  as, an
entirety to any other  person,  then,  as a part of such  reorganization,  share
exchange, merger,  consolidation or sale, lawful provision shall be made so that
Holder shall  thereafter  be entitled to receive upon  exercise of this Warrant,
during the period  specified  in this  Warrant and upon  payment of the Exercise
Price,  the number of shares of stock or other  securities  or  property  of the
Company or the successor corporation resulting from such reorganization,  share,
exchange,  merger,  consolidation  or sale,  to which  Holder  would  have  been
entitled  under the  provisions of the agreement in such  reorganization,  share
exchange,  merger,  consolidation  or sale if this  Warrant  had been  exercised
immediately before that reorganization, share exchange, merger, consolidation or
sale. In any such case,  appropriate  adjustment (as determined in good faith by
the  Company's  Board  of  Directors)  shall be made in the  application  of the
provisions  of this Warrant  with respect to the rights and  interests of Holder
after the reorganization,  share exchange, merger,  consolidation or sale to the
end that the  provisions of this Warrant  (including  Adjustment of the Exercise
Price then in effect and the number of the  Shares)  shall be  applicable  after
that  event,  as near as  reasonably  may be, in relation to any shares or other
property deliverable after that event upon exercise of this Warrant.

b)              Splits and Subdivisions. If the Company at any time or from time
to time fixes a record date for the  effectuation  of a split or  subdivision of
the outstanding  shares of Common Stock or the  determination  of the holders of
Common  Stock  entitled to receive a dividend or other  distribution  payable in
additional  shares of Common  Stock or other  securities  or rights  convertible
into,  or  entitling  the  holder  thereof to receive  directly  or  indirectly,
additional shares of Common Stock (hereinafter  referred to as the "Common Stock
Equivalents")  without  payment  of any  consideration  by such  holder  for the
additional shares of Common Stock or Common Stock Equivalents,  then, as of such
record date (or the date of such distribution, split or subdivision if no record
date is  fixed),  the  Exercise  Price  shall  (i) in the  case  of a  split  or
subdivision,  be  appropriately  decreased and the number of the Shares shall be

<PAGE>

appropriately increased in proportion to such increase of outstanding shares and
(ii) in the case of a dividend or other distribution,  the holder of the warrant
shall have the right to acquire without additional consideration,  upon exercise
of the warrant,  such property or cash as would have been distributed in respect
of the shares of Common  Stock for which the  warrant was  exercisable  had such
shares of Common Stock been outstanding on the date of such distribution.

c)               Combination of Shares.  If the number of shares of Common Stock
outstanding  at any time after the date hereof is decreased by a combination  or
reverse  stock split of the  outstanding  shares of Common  Stock,  the Exercise
Price shall be  appropriately  increased  and the number of the Shares  shall be
appropriately decreased in proportion to such decrease in outstanding shares.

d)               Adjustments for Other  Distributions.  In the event the Company
shall declare a distribution  payable in securities of other persons,  evidences
of indebtedness  issued by the Company or other persons,  assets (excluding cash
dividends) or options or rights not referred to in Section 6.2, upon exercise of
this  Warrant,  Holder  shall be entitled to a  proportionate  share of any such
distribution  as though  Holder was the holder of the number of shares of Common
Stock of the Company  into which this  Warrant may be exercised as of the record
date fixed for the  determination  of the holders of Common Stock of the Company
entitled to receive such distribution.

e)               Certificate as to  Adjustments.  In the case of each adjustment
or  readjustment  of the Exercise  Price pursuant to this Section 6, the Company
will promptly  compute such  adjustment or  readjustment  in accordance with the
terms  hereof  and  cause  a  certificate   setting  forth  such  adjustment  or
readjustment  and  showing in detail the facts  upon  which such  adjustment  or
readjustment  is based to be delivered  to Holder.  The Company  will,  upon the
written  request at any time of  Holder,  furnish  or cause to be  furnished  to
Holder a certificate setting forth:

(i)              Such adjustment and readjustments;

(ii)             The Exercise Price at the time in effect; and

(iii)            The number of Shares and the amount,  if any, of other property
                 at the time receivable upon the exercise of the Warrant.

f)               Notices of Record Date, etc. In the event of:

(i)              Any  taking by the  Company  of a record of the  holders of any
class of  securities of the Company for the purpose of  determining  the holders
thereof who are entitled to receive any dividends or other distribution,  or any
right to subscribe for, purchase or otherwise acquire any shares of stock of any
class or any other securities or property, or to receive any other right; or

<PAGE>

(ii)             Any capital reorganization of the Company, any reclassification
or  recapitalization  of the capital stock of the Company or any transfer of all
or  substantially  all of the assets of the  Company to any other  person or any
consolidation, share exchange or merger involving the Company; or

(iii)            Any  voluntary  or  involuntary  dissolution,   liquidation  or
winding  up of the  Company,  the  Company  will mail to Holder at least 20 days
prior to the earliest date specified herein, a notice specifying:

A.               The  date on  which  any such  record  is to be  taken  for the
purpose of such dividend, distribution or right, and the amount and character of
such dividend, distribution or right; and

B.               The date on which  any such  reorganization,  reclassification,
transfer,  consolidation,  share exchange, merger,  dissolution,  liquidation or
winding up is expected to become  effective and the record date for  determining
stockholders entitled to vote thereon.

7.               Call of Warrant. This Warrant may be called and canceled by the
Company  at its  election  at any time  following  the  date  upon  which  (i) a
registration  statement covering the Warrants has been declared effective and is
effective and (ii) the closing  price of the Common Stock on its principal  U.S.
trading  market  has been at or above $ 8.50  U.S.  per share for a period of 20
consecutive trading days (all as determined in good faith by the Company's Board
of  Directors) at a price equal to $.0l per share of Common Stock for which this
Warrant shall be  exercisable on the Call Date (as defined  below).  The Company
shall give the holder of this Warrant at least 30 days prior  written  notice of
any  such  call of this  Warrant,  which  notice  shall  certify  the  foregoing
condition  for such call and set forth the date upon which the call shall  occur
(the "Call Date").  The holder of this Warrant  shall,  however,  be entitled to
exercise this Warrant,  in whole or in part, prior to the Call Date and, in that
event,  the Company's  right to call this Warrant shall be limited to the extent
to which the Warrant remains unexercised on the Call Date. If, at the Call Date,
the trading price on the principal  U.S.  trading market is less than $8.50 U.S.
this Warrant may not be called at the Call Date.

8.               Reservation  of Common  Stock.  The Company  shall at all times
reserve and keep available out of its  authorized but unissued  shares of Common
Stock,  solely for the purpose of effecting the exercise of this  Warrant,  such
number of its shares of Common Stock as shall from time to time be sufficient to
effect the exercise of this Warrant, and if at any time the number of authorized
but  unissued  shares of Common  Stock  shall not be  sufficient  to effect  the
exercise of the entire  Warrant,  in addition to such other remedies as shall be
available  to the holder of this  Warrant,  the  Company  will use  commercially
reasonable  efforts to take such corporate  action as may, in the opinion of its
counsel,  be necessary to increase its authorized but unissued  shares of Common
Stock to such number of shares as shall be sufficient for such purpose.

<PAGE>

9.               Split-Up,  Combination,  Exchange  and  Transfer  of  Warrants.
Subject to and limited by the  provisions  of Section 4(a) hereof,  this Warrant
may be  split  up,  combined  or  exchanged  for  another  Warrant  or  Warrants
containing  the same terms and entitling the Holder to purchase a like aggregate
number of Shares.  If the Holder  desires to split up,  combine or exchange this
Warrant,  the Holder shall make such request in writing delivered to the Company
and shall  surrender to the Company this Warrant and any other Warrants to be so
split  up,  combined  or  exchanged.  Upon any such  surrender  for a  split-up,
combination  or exchange,  the Company  shall  execute and deliver to the person
entitled thereto a Warrant or Warrants, as the case may be, as so requested. The
Company shall not be required to effect any  split-14p,  combination or exchange
which will result in the  issuance of a Wan-ant  entitled the  Warrantholder  to
purchase  upon  exercise a fraction of a share of Common  Stock or a  fractional
Warrant.  The Company may require such Holder to pay a sum  sufficient  to cover
any tax or  governmental  charge  that may be  imposed  in  connection  with any
split-up, combination or exchange of Warrants.

10.              Successors  and Assigns.  All the covenants  and  provisions of
this Warrant shall bind and inure to the benefit of the Company's successors and
assigns, and the heirs, legatees, devisees, executors, administrators,  personal
and legal representatives, and successors and permitted assigns of Holder.

11.              Governing  Law. This Warrant shall be governed by and construed
in  accordance  with  the laws of the  State of  California.  The  Buyer  hereby
consents  to and  agrees  to  submit  to  jurisdiction  solely  in Los  Angeles,
California,  pursuant to arbitration under the rules of the American Arbitration
Association in effect.

                                                    JAWS TECHNOLOGIES INC.

                                                       /s/Vikki Robinson
                                                    By:________________________
                                                    Name:Vikki Robinson
                                                    Title:Corporate Secretary

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00001-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00001-of-00352.parquet"}]]