Document:

Exhibit 4.1

THIS NOTE HAS NOT BEEN  REGISTERED  UNDER THE SECURITIES ACT OF 1933, AS AMENDED
(THE  "SECURITIES  ACT"),  OR ANY  STATE  SECURITIES  LAW AND  MAY NOT BE  SOLD,
TRANSFERRED OR OTHERWISE  DISPOSED OF UNLESS REGISTERED UNDER THE SECURITIES ACT
AND UNDER APPLICABLE STATE  SECURITIES LAWS OR COMMERCIAL  CONCEPTS,  INC. SHALL
HAVE  RECEIVED AN OPINION OF ITS COUNSEL THAT  REGISTRATION  OF SUCH  SECURITIES
UNDER THE SECURITIES ACT AND UNDER THE PROVISIONS OF APPLICABLE STATE SECURITIES
LAWS IS NOT REQUIRED.

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                            COMMERCIAL CONCEPTS, INC.

                           Convertible Promissory Note

                                November __, 2000

No. CN-1                                                             $300,000.00

For value received, COMMERCIAL CONCEPTS, INC., a Utah corporation (the "Maker"),
hereby  promises  to pay to the  order of  _______________________,  a  ________
corporation,  located  at  ______________________________   (together  with  its
successors, representatives, and permitted assigns, the "Holder"), in accordance
with the terms  hereinafter  provided,  the  principal  amount of Three  Hundred
Thousand Dollars ($300,000.00), together with interest thereon.

All  payments  under or  pursuant  to this Note  shall be made in United  States
Dollars  in  immediately  available  funds to the  Holder at the  address of the
Holder first set forth above or at such other place as the Holder may  designate
from time to time in  writing to the Maker or by wire  transfer  of funds to the
Holder's  account,  instructions for which are attached hereto as Exhibit A. The
outstanding principal balance of this Note shall be due and payable ___________,
2003 [the 36th month anniversary of the Closing Date] or at such earlier time as
provided herein (the "Maturity Date").  This Note may, without the prior written
consent of the Holder,  be prepaid by the Maker,  in whole or in part, upon five
(5) business days prior written notice in accordance with Section 4.1(d) hereof.

         Purchase Agreement.  This Note has been executed and delivered pursuant
to the Note and Warrant Purchase  Agreement,  dated as of November __, 2000 (the
"Purchase Agreement"),  by and among the Maker and the purchasers listed therein
(the  "Purchasers").  Capitalized  terms used and not otherwise  defined  herein
shall have the meanings set forth for such terms in the Purchase Agreement.  The
Maker does hereby  covenant and agree to abide by and comply with each and every
such  term,  obligation,  covenant,  condition  and  provision  set forth in the
Transaction Documents.
         Interest.  Beginning  on the date  hereof,  the  outstanding  principal
balance of this Note shall bear interest,  in arrears, at a rate per annum equal
to eight percent (8%), payable on the Maturity Date.  Interest shall be computed
on the basis of a 360-day  year of twelve  (12) 30-day  months and shall  accrue
commencing on the Closing Date. The interest shall be payable,  at the option of
the Holder,  in cash or in shares of the Maker's  common stock,  par value $.001
per share  (the  "Common  Stock").  The  number of shares of Common  Stock to be
issued as payment of accrued and unpaid interest shall be determined by dividing
(a) the total amount of accrued and unpaid  interest to be converted into Common
Stock by (b) the  Conversion  Price  (as  defined  in  Section  3.1(a)  hereof).
Furthermore,  upon the  occurrence  of an Event of  Default,  then to the extent
permitted by law, the Maker will pay interest to the Holder,  payable on demand,
on the outstanding  principal  balance of the Note from the date of the Event of
Default until payment in full at the rate of fifteen percent (15%) per annum.
         Payment on Non-Business Days.  Whenever any payment to be made shall be
due on a Saturday, Sunday or a public holiday under the laws of the State of New

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York, such payment may be due on the next succeeding  business day and such next
succeeding  day shall be  included in the  calculation  of the amount of accrued
interest payable on such date.
         Ranking.  This Note and the  obligations  hereunder  shall be senior or
equal to the secured debt of Maker outstanding as of the date hereof.
         Transfer.  This  Note  may  be  transferred  or  sold,  subject  to the
provisions  of Section 5.8 of this Note, or pledged,  hypothecated  or otherwise
granted as security by the Holder.
         Replacement.  Upon receipt of a duly executed,  notarized and unsecured
written statement from the Holder with respect to the loss, theft or destruction
of this Note (or any  replacement  hereof),  and without  requiring an indemnity
bond or other  security,  or, in the case of a  mutilation  of this  Note,  upon
surrender and  cancellation  of such Note,  the Maker shall issue a new Note, of
like tenor and amount,  in lieu of such lost,  stolen,  destroyed  or  mutilated
Note.

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EVENTS OF DEFAULT;  REMEDIES

         Events of Default.  The occurrence of any of the following events shall
be an "Event of Default" under this Note:

                  the Maker  shall fail to make the payment of any amount of any
principal  outstanding  for a period of three (3)  business  days after the date
such payment shall become due and payable hereunder; or

                  the Maker  shall fail to make any  payment of  interest  for a
period of three (3) business days after the date such interest  shall become due
and payable hereunder; or

                  the suspension from listing or the failure of the Common Stock
to be listed on the OTC Bulletin Board ("OTC") without  resuming  trading and/or
being relisted  thereon or on the Nasdaq National  Market,  the Nasdaq Small Cap
Market, Inc., the New York Stock Exchange,  Inc. or The American Stock Exchange,
Inc.  or having  such  suspension  lifted,  as the case may be,  within five (5)
business  days (or  twenty  (20)  business  days if the  Maker is in good  faith
contesting such delisting or suspension); or

                  the Maker shall fail to have the  Registration  Statement  (as
defined in the Registration  Rights  Agreement) to be declared  effective by the
Securities and Exchange  Commission (the "SEC") on or prior to the Effectiveness
Date (as defined in the Registration Rights Agreement); or

                  the  Maker's  notice  to  Holder,  including  by way of public
announcement,  at any time, of its inability to comply (including for any of the
reasons  described in Section 3.4(a) hereof) or its intention not to comply with
proper requests for conversion of this Note into shares of Common Stock; or

                  the Maker  shall  fail to (i)  timely  deliver  the  shares of
Common Stock upon  conversion  of the Notes or any interest  accrued and unpaid,
(ii) timely  file the  Registration  Statement  or (iii) make the payment of any
fees and/or liquidated damages under this Note or the Purchase Agreement,  which
failure is not  remedied  within three (3)  business  days after the  incurrence
thereof; or

                  while the Registration  Statement is required to be maintained
effective  pursuant  to the  terms of the  Registration  Rights  Agreement,  the
effectiveness  of the Registration  Statement lapses for any reason  (including,
without  limitation,  the  issuance  of a stop order) or is  unavailable  to the
Holder for sale of the  Registrable  Securities (as defined in the  Registration
Rights  Agreement)  in  accordance  with the  terms of the  Registration  Rights
Agreement,  and such lapse or unavailability  continues for a period of ten (10)
consecutive   trading   days,   provided   that  the  cause  of  such  lapse  or
unavailability is not due to factors solely within the control of Holder;

                  the Maker shall  default in the  performance  or observance of
any  covenant,  condition  or  agreement  contained  in any  of the  Transaction
Documents (or the Maker makes an announcement,  statement or threat that it does
not intend to honor its obligations under any of the Transaction  Documents) and
such default is not fully cured  within five (5) business  days (other than with
respect to an announcement, statement or threat) after the occurrence thereof in
the case of failure  within the Maker's  control or thirty (30) business days in
the case of a default due to circumstances outside of the Maker's control, after
the  earlier of (x) the date on which any  executive  officer of the Maker shall
have obtained actual knowledge of such failure (or such announcement,  statement
or threat) and (y) the date on which  written  notice  thereof has been given to
the Maker by the Holder  which is not  covered by any other  provisions  of this
Section 2.1; or

                  any  representation,  warranty  or  certification  made by the
Maker herein or in any of the other Transaction  Documents or in any certificate
or financial  statement  shall prove to have been false or incorrect or breached
in a material respect on the date as of which made; or

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                  the  Maker  shall  issue  any debt  securities  which  are not
subordinate  to this Note on such terms as are  acceptable  to the  holders of a
majority  of the  outstanding  principal  amount  of this  Note  and  the  other
convertible promissory notes issued to any other holder pursuant to the Purchase
Agreement; or

                  the Maker or any of its Subsidiaries  shall (i) default in any
payment of any amount or amounts of principal of or interest on any Indebtedness
(other than the Indebtedness  hereunder) the aggregate principal amount of which
Indebtedness  of all such  persons  is in excess  of  $1,000,000,  whether  such
Indebtedness  now  exists or shall  hereinafter  be  created,  and such  default
entitles the holder thereof to declare such  indebtedness to be due and payable,
and such  indebtedness has not been discharged in full or such  acceleration has
not been stayed,  rescinded or annulled  within ten (10)  business  days of such
acceleration,  or (ii) default in the  observance  or  performance  of any other
agreement  or  condition  relating  to  any  Indebtedness  or  contained  in any
instrument or agreement  evidencing,  securing or relating thereto, or any other
event shall occur or condition exist, the effect of which default or other event
or condition is to cause,  or to permit the holder or holders or  beneficiary or
beneficiaries  of such  Indebtedness  to cause  with the  giving  of  notice  if
required, such Indebtedness to become due prior to its stated maturity; or

                  A judgment or order for the payment of money shall be rendered
against the Maker or any  Subsidiary in excess of $500,000 in the aggregate (net
of any applicable  insurance  coverage) for all such judgments or orders against
all such persons  (treating any deductibles,  self insurance or retention as not
so covered)  that shall not be  discharged,  and all such  judgments  and orders
remain  outstanding,  and there shall be any period of thirty  (30)  consecutive
days  following  entry of the  judgment  or order in excess of  $500,000  or the
judgment or order which causes the aggregate  amount  described  above to exceed
$500,000 during which a stay of enforcement of such judgment or order, by reason
of a pending appeal or otherwise, shall not be in effect.; or

                  an "Event of Default" has occurred and is continuing under any
other  convertible  promissory  note issued to any other holder  pursuant to the
Purchase Agreement; or

                  the Maker  shall (i) apply for or consent  to the  appointment
of, or the taking of possession by, a receiver, custodian, trustee or liquidator
of itself or of all or a substantial part of its property or assets,  (ii) admit
in writing its inability to pay its debts as such debts become due, (iii) make a
general  assignment for the benefit of its creditors,  (iv) commence a voluntary
case under the United States  Bankruptcy Code (as now or hereafter in effect) or
under the comparable laws of any jurisdiction (foreign or domestic),  (v) file a
petition  seeking to take advantage of any bankruptcy,  insolvency,  moratorium,
reorganization  or other  similar law affecting  the  enforcement  of creditors'
rights generally,  (vi) acquiesce in writing to any petition filed against it in
an involuntary case under United States  Bankruptcy Code (as now or hereafter in
effect) or under the comparable laws of any jurisdiction  (foreign or domestic),
or  (vii)  take  any  action  under  the laws of any  jurisdiction  (foreign  or
domestic) analogous to any of the foregoing; or

                  a  proceeding  or case  shall be  commenced  in respect of the
Maker or any of its  Subsidiaries  without its  application  or consent,  in any
court of competent  jurisdiction,  seeking (i) the liquidation,  reorganization,
moratorium,  dissolution,  winding up, or  composition  or  readjustment  of its
debts, (ii) the appointment of a trustee, receiver, custodian, liquidator or the
like of it or of all or any  substantial  part of its  assets  or (iii)  similar
relief in respect of it under any law providing  for the relief of debtors,  and
such  proceeding or case  described in clause (i), (ii) or (iii) shall  continue
undismissed,  or unstayed and in effect, for a period of thirty (30) consecutive
days or any order for  relief  shall be  entered  in an  involuntary  case under
United  States  Bankruptcy  Code (as now or  hereafter  in  effect) or under the
comparable laws of any jurisdiction  (foreign or domestic)  against the Maker or
any of its Subsidiaries or action under the laws of any jurisdiction (foreign or
domestic)  analogous to any of the foregoing  shall be taken with respect to the
Maker or any of its Subsidiaries and shall continue undismissed, or unstayed and
in effect for a period of thirty (30) consecutive days; or

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         Remedies  Upon An Event of Default.  If an Event of Default  shall have
occurred and shall be continuing, the Holder of this Note may at any time at its
option (a) declare the entire unpaid  principal  balance of this Note,  together
with all interest accrued hereon, due and payable, and thereupon, the same shall
be accelerated and so due and payable, without presentment,  demand, protest, or
notice, all of which are hereby expressly unconditionally and irrevocably waived
by the Maker; provided, however, that upon the occurrence of an Event of Default
described in (a) Sections 2.1 (n) and (o), the outstanding principal balance and
accrued  interest  hereunder  shall be  automatically  due and  payable and (ii)
Sections  2.1(a)  through  (m) demand the  prepayment  of this Note  pursuant to
Section  4.1  hereof,  (b) demand  that the  principal  amount of this Note then
outstanding and all accrued and unpaid interest  thereon shall be converted into
shares of Common Stock at a Conversion Price calculated  pursuant to Section 3.1
hereof,  assuming that the date of the occurrence of the Event of Default is the
Conversion  Date (as  defined  in Section  3.1(a)  hereof)  or (c)  exercise  or
otherwise  enforce any one or more of the Holder's rights,  powers,  privileges,
remedies and interests under this Note or any of the other Transaction Documents
or applicable law. No course of delay on the part of the Holder shall operate as
a waiver  thereof or  otherwise  prejudice  the right of the  Holder.  No remedy
conferred  hereby shall be  exclusive of any other remedy  referred to herein or
now or hereafter available at law, in equity, by statute or otherwise.

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CONVERSION

         Conversion Option.

At any time on or after the Closing  Date,  this Note shall be  convertible  (in
whole or in  part),  at the  option of the  Holder  (the  "Conversion  Option"),
subject to the limitations set forth in Section 3.2 hereof,  into such number of
fully  paid and  non-assessable  shares  of  Common  Stock as is  determined  by
dividing (x) that portion of the outstanding  principal amount under the Note as
of such date that the Holder elects to convert by (y) the  Conversion  Price (as
hereinafter  defined)  then in effect on the date on which  the  Holder  faxes a
notice of conversion  (the  "Conversion  Notice"),  duly executed,  to the Maker
(facsimile number (801) 328-0542, Attn.: K.

Hansen) (the "Conversion Date")

                  As used herein,  (i) "Conversion Price" shall mean the Closing
Bid Price of the Common Stock on the date of issuance of this Note,  as adjusted
pursuant to Section 3.3 below and (ii)  "Closing Bid Price" shall mean,  for any
security as of any date,  the last closing bid price of such security on the OTC
Bulletin Board as reported by Bloomberg, or, if no closing bid price is reported
by Bloomberg for such security on the OTC Bulletin Board, the last closing trade
price of such  security as reported by  Bloomberg,  or, if no last closing trade
price is reported for such security by Bloomberg or on an Alternative  Exchange,
the average of the bid prices of any market makers for such security as reported
in the "pink sheets" by the National  Quotation Bureau,  Inc. If the Closing Bid
Price  cannot  be  calculated  for  such  security  on  such  date on any of the
foregoing  bases,  the Closing Bid Price of such  security on such date shall be
the fair market value as mutually determined by the Maker and the Holder. If the
Maker and the  Holder  are  unable to agree  upon the fair  market  value of the
Common Stock,  then such dispute shall be resolved  pursuant to Section  3.1(e).
(All such  determinations  to be appropriately  adjusted for any stock dividend,
stock split or other similar transaction during such period). In connection with
the conversion of this Note in accordance  with this Section 3.1, the Holder may
exercise its Conversion  Option by delivering an original  Conversion  Notice to
the Maker which shall specify the amount of this Note that the Holder desires to
convert  and  surrendering  to  the  Maker  the  Note  to be  converted,  marked
"Canceled," and  acknowledged by the Holder to be paid-in-full  within three (3)
business days from the Conversion Date. Upon receipt by the Maker of the Note to
be  converted  pursuant to a Conversion  Notice,  together  with the  originally
executed  Conversion  Notice,  the Maker or its designated  transfer  agent,  as
applicable,  shall within three (3) business days following the receipt of both,
issue and deliver to the Holder via a common  carrier for overnight  delivery to
the address specified in the Conversion Notice,  certificate(s) representing the
number of shares of Common Stock  determined in accordance  with Section  3.1(a)
above and, in the event of a partial  conversion of the Note, a new Note for the
remainder of the principal balance not converted.  Upon the Holder's exercise of
the Conversion Option, the Maker shall,  within three (3) business days from the
Conversion Date, pay and deliver to the Holder, in cash or as otherwise provided
in this Note,  all accrued but unpaid  interest on the Note  through the date of
such conversion.

If within three (3) business days from the receipt of the Conversion  Notice and
the original Note to be converted (the "Share Delivery Period"), the Maker shall
fail to issue and deliver the certificates  representing the number of shares of
Common Stock to which the Holder is entitled  upon  conversion  of this Note and
any interest accrued and unpaid or to issue a new Note  representing the balance
of the principal not being converted, if any, in addition to all other available
remedies which the Holder may pursue hereunder and under the Purchase  Agreement
(including  indemnification  pursuant to Article VIII thereof),  the Maker shall

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pay as  additional  damages to the Holder on each  business day after such third
(3rd)  business  day that such  conversion  is not timely  effected in an amount
equal to 0.5% of the  product  of (A) the sum of the  number of shares of Common
Stock not issued to the Holder on a timely basis  pursuant to Section 3.1(b) and
to which  the  Holder is  entitled  and,  in the  event the Maker has  failed to
deliver a new Note to the Holder on a timely basis  pursuant to Section  3.1(b),
the number of shares of Common Stock  issuable upon  conversion of the shares of
the Note  represented  by such Note  Certificate,  as of the last  possible date
which the Maker could have issued such Note  Certificate  to the Holder  without
violating  Section  3.1(b) and (B) the Closing Bid Price of the Common  Stock on
the last  possible  date which the Maker could have issued such Common Stock and
such Note  Certificate,  as the case may be,  to the  Holder  without  violating
Section  3.1(b).  If the Maker fails to pay the additional  damages set forth in
this Section  3.1(c)  within five (5) business days of the date  incurred,  then
such  payment  shall  bear  interest  at the rate of 2% per month (pro rated for
partial months) until such payments are made.

The Maker shall pay any payments  incurred under this Section 3.1 in immediately
available  funds upon demand.  Nothing  herein shall limit the Holder's right to
pursue  injunctive relief and/or actual damages for the Maker's failure to issue
and deliver  Common  Stock to the Holder,  including,  without  limitation,  the
Holder's actual losses  occasioned by any "buy-in" of Common Stock  necessitated
by such late delivery.  Furthermore, in addition to any other remedies which may
be available to the Holder,  in the event that the Maker fails for any reason to
effect delivery of such shares of Common Stock within three (3) business days of
the date of receipt of the  Conversion  Notice,  the Holder  will be entitled to
revoke the relevant  Conversion  Notice by delivering a notice to such effect to
the Maker  whereupon  the Maker and the Holder  shall each be  restored to their
respective  positions  immediately  prior to delivery of such Conversion  Notice
except  that  Holder  shall  retain the right to receive  both the late  payment
amounts set forth above plus the actual cost of any  "buy-in."  As used  herein,
"buy-in"  shall mean the  purchase by the Holder of shares of Common Stock in an
open market  transaction or otherwise in order to meet its delivery  obligations
in  connection  with the sale of Common Stock,  which  delivery  obligation  the
Holder  intended  to  satisfy  with the shares of Common  Stock to be  delivered
within  the  Share  Delivery  Period.  In  the  case  of a  dispute  as  to  the
determination  of the  Conversion  Price or the  arithmetic  calculation  of the
number of shares of Common Stock to be issued upon  conversion of this Note, the
Maker shall  promptly  issue to the Holder the number of shares of Common  Stock
that is not disputed and shall submit the disputed  determinations or arithmetic
calculations  to the Holder via  facsimile as soon as possible,  but in no event
later than two (2)  business  days  after  receipt  of the  Holder's  Conversion
Notice.  If the Holder and the Maker are unable to agree upon the  determination
of the Conversion Price or the arithmetic calculation of the number of shares of
Common  Stock to be issued upon such  conversion  within one (1) business day of
such disputed  determination  or arithmetic  calculation  being submitted to the
Holder,  then the Maker shall within one (1)  business day submit via  facsimile
(A) the  disputed  determination  of the  Conversion  Price  to an  independent,
reputable  investment  bank  acceptable  to  the  Holder  or  (B)  the  disputed
arithmetic calculation of the number of shares of Common Stock to be issued upon
such conversion to an independent,  outside accountant acceptable to the Holder.
The Maker shall cause such investment bank or accountant, as the case may be, to
perform the  determinations  or calculations and notify the Maker and the Holder
of the  results no later than  seventy-two  (72) hours from the time it receives
the  disputed   determinations  or  calculations.   Such  investment  bank's  or
accountant's determination or calculation,  as the case may be, shall be binding
upon  all  parties  absent  manifest  error.  The  reasonable  expenses  of such
investment bank or accountant in making such determination  shall be paid by the
Maker, in the event the Holder's calculation or determination was correct, or by
the Holder,  in the event the Maker's  calculation or determination was correct,
or equally by the Maker and the Holder in the event that  neither the Maker's or

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the Holder's  calculation or  determination  was correct.  The period of time in
which the Maker is required to effect conversions or prepayments under this Note
shall be tolled with respect to the subject  conversion  or  prepayment  pending
resolution of any dispute by the Maker made in good faith and in accordance with
this Section 3.1(e).

         Conversion  Restrictions.  Notwithstanding anything to the contrary set
forth in Section 3.1 of this Note,  at no time may the Holder  convert this Note
if the number of shares of Common Stock to be issued pursuant to such conversion
would exceed, when aggregated with all other shares of Common Stock owned by the
Holder at such time,  the number of shares of Common Stock which would result in
the Holder owning more than 9.99% of all of the Common Stock outstanding at such
time;  provided,  however,  that upon the Holder providing the Maker with thirty
(30) days notice (the "Waiver  Notice") that the Holder would like to waive this
Section  3.2 of this Note  with  regard  to any or all  shares  of Common  Stock
issuable upon  conversion of this Note, this Section 3.2 shall be of no force or
effect with regard to that amount of this Note referenced in the Waiver Notice.

         Adjustment of Conversion Price.

The  Conversion  Price  shall be  subject  to  adjustment  from  time to time as
follows:

         Adjustment Option. On or after the one hundred twenty-first (121st) day
         after the  earlier  of the date of  effectiveness  of the  registration
         statement on Form SB-2 (file no.  333-45390)  currently  filed with the
         SEC (the "Form  SB-2") or the date on which the SEC  informs  the Maker
         that the SEC (x) will not  review  the Form  SB-2 or (y) that the Maker
         may request the acceleration of the effectiveness of the Form SB-2 (the
         "Form  SB-2  Effectiveness   Date"),  the  Conversion  Price  shall  be
         adjusted, at the option of the Holder, with respect to all or a portion
         of the principal amount and interest outstanding under this Note to the
         lesser of (1)  eighty  percent  (80%) of the  average  of the three (3)
         lowest  intraday  trading prices of the Common Stock for the forty (40)
         day trading period  immediately  preceding the  Conversion  Date or (2)
         eighty  percent  (80%) of the  average of the lowest  intraday  trading
         price  of the  Common  Stock  for  the  three  (3) day  trading  period
         immediately  preceding the Conversion Date (the  "Adjustment  Option").

         Adjustments  for  Reorganization,  Merger,  Consolidation  or  Sales of
         Assets.  If at any time or from time to time  after the  Issuance  Date
         there shall be a capital reorganization of the Maker (other than by way
         of a stock  split  or  combination  of  shares  or stock  dividends  or
         distributions   provided  for  in  Section   3.3(a)(iii)   and  Section
         3.3(a)(iv)),  or a merger or  consolidation  of the Maker  with or into
         another  corporation,  or the sale of all or  substantially  all of the
         Maker's properties or assets to any other person (an "Organic Change"),
         then as a part of such Organic  Change an  appropriate  revision to the
         applicable  Conversion  Price shall be made and provision shall be made
         (by  adjustments  of the  Conversion  Price or  otherwise)  so that the
         Holder  shall have the right  thereafter  to convert this Note into the
         kind and amount of shares of stock and other  securities or property of
         the Maker or any successor  corporation  resulting from Organic Change.
         In  any  such  case,  appropriate  adjustment  shall  be  made  in  the
         application of the provisions of this Section  3.3(a)(ii)  with respect
         to the rights of the Holder  after the  Organic  Change to the end that
         the provisions of this Section 3.3(a)(ii)  (including any adjustment in
         the applicable Conversion Price then in effect and the number of shares
         of stock or other securities  deliverable upon conversion of this Note)
         shall be applied after that event in as nearly an equivalent  manner as
         may be practicable.

         Stock  Dividends,  Subdivisions  and  Combinations.  If at any time the
         Maker shall:

         take a record of the  holders  of its Common  Stock for the  purpose of
         entitling them to receive a dividend payable in, or other  distribution
         of, additional shares of Common Stock (the "Additional Shares of Common
         Stock"),  or subdivide  its  outstanding  shares of Common Stock into a
         larger  number of shares of Common  Stock,  or combine its  outstanding
         shares of Common Stock into a smaller number of shares of Common Stock,
         then (x) the  number of shares of Common  Stock for which  this Note is
         convertible  into  immediately  after the  occurrence of any such event
         shall be adjusted to equal the number of shares of Common Stock which a
         record  holder of the same  number of shares of Common  Stock for which
         this Note is  convertible  immediately  prior to the occurrence of such
         event would own or be entitled to receive  after the  happening of such
         event, and (y) the Conversion Price then in effect shall be adjusted to
         equal (A) the Conversion Price then in effect  multiplied by the number
         of  shares  of  Common  Stock  for  which  this  Note  is   convertible
         immediately prior to the adjustment divided by (B) the number of shares
         of Common Stock for which this Note is  convertible  immediately  after
         such adjustment.

         Certain  Other  Distributions.  If at any time the Maker  shall  take a
         record of the holders of its Common  Stock for the purpose of entitling
         them to receive any dividend or other distribution of:

         cash  (other  than a cash  dividend  payable  out of earnings or earned
         surplus  legally  available for the payment of dividends under the laws
         of the jurisdiction of incorporation of the Maker), or any evidences of
         its  indebtedness,  any  shares  of  stock of any  class  or any  other
         securities  or  property  of any nature  whatsoever  (other  than cash,
         Additional Shares of Common Stock or any securities convertible into or
         exchangeable  for, directly or indirectly,  Common Stock  ("Convertible
         Securities")),  or any  warrants or other  rights to  subscribe  for or
         purchase any evidences of its indebtedness,  any shares of stock of any
         class or any other  securities  or  property  of any nature  whatsoever
         (other than cash, Convertible Securities or Additional Shares of Common
         Stock),  then (x) the  number of shares of Common  Stock for which this
         Note is  convertible  shall be  adjusted  to equal the  product  of the
         number of shares of  Common  Stock for which  this Note is  convertible
         immediately  prior to such adjustment  multiplied by a fraction (A) the
         numerator  of which shall be the Closing Bid Price of Common Stock then
         in effect  (the "Per Share  Market  Value") at the date of taking  such
         record and (B) the  denominator of which shall be such Per Share Market
         Value minus the amount  allocable  to one share of Common  Stock of any
         such cash so distributable and of the fair value (as determined in good
         faith by the  Board of  Directors  of the  Maker  and  supported  by an
         opinion from an investment banking firm of recognized national standing
         acceptable   to  the  Holder)  of  any  and  all  such   evidences   of
         indebtedness, shares of stock, other securities or property or warrants
         or other subscription or purchase rights so distributable,  and (y) the
         Conversion  Price  then in effect  shall be  adjusted  to equal (A) the
         Conversion  Price then in effect  multiplied by the number of shares of
         Common Stock for which this Note is  convertible  immediately  prior to
         the adjustment  divided by (B) the number of shares of Common Stock for
         which this Note is convertible  immediately  after such  adjustment.  A
         reclassification of the Common Stock (other than a change in par value,
         or from par value to no par  value or from no par  value to par  value)
         into  shares of Common  Stock  and  shares of any other  class of stock
         shall be  deemed a  distribution  by the  Maker to the  holders  of its
         Common  Stock of such  shares of such other  class of stock  within the
         meaning of this Section  3.3(a)(iv) and, if the  outstanding  shares of
         Common Stock shall be changed into a larger or smaller number of shares
         of Common Stock as a part of such  reclassification,  such change shall
         be  deemed a  subdivision  or  combination,  as the case may be, of the
         outstanding  shares of Common  Stock  within  the  meaning  of  Section
         3.3(a)(iii).

                                       9
<PAGE>

         Issuance of Additional Shares of Common Stock.

         In the event the Maker, shall, at any time, from time to time, issue or
         sell any  shares of Common  Stock  (including  Treasury  Shares)  for a
         consideration  per share less than the Conversion  Price then in effect
         for the Note immediately prior to the time of such issue or sale, then,
         forthwith upon such issue or sale, the Conversion  Price then in effect
         for the Notes  shall be reduced to a price  equal to the  consideration
         per share paid for such Common Stock and the number of shares of Common
         Stock for which  this Note is  convertible  shall be  increased  by the
         product of the number of shares of Common  Stock for which this Note is
         convertible  immediately  prior to such issuance or sale  multiplied by
         the  Dilution   Percentage.   "Dilution   Percentage"  shall  mean  the
         percentage  by which the  Conversion  Price  then in effect is  reduced
         pursuant to this Section  3.3(a)(v).  If at any time the Maker shall at
         any  time  issue or sell  any  Additional  Shares  of  Common  Stock in
         exchange for  consideration in an amount per Additional Share of Common
         Stock less than the Per Share Market  Value at the time the  Additional
         Shares of Common Stock are issued or sold,  then,  forthwith  upon such
         issue or sale, the Conversion  Price then in effect for the Notes shall
         be  reduced  by the  product  of the  Conversion  Price  then in effect
         multiplied by the Market  Dilution  Percentage and the number of shares
         of Common Stock for which this Note is  convertible  shall be increased
         by the  product of the number of shares of Common  Stock for which this
         Note  is  convertible  immediately  prior  to  such  issuance  or  sale
         multiplied  by  the  Market  Dilution   Percentage.   "Market  Dilution
         Percentage" shall mean the percentage by which such issuance or sale is
         below the lesser of the Per Share  Market Value or the per share market
         value of the Common  Stock as  calculated  pursuant to the terms of any
         other financings of the Company.

         If at any time the Maker shall issue or sell any  Additional  Shares of
         Common Stock in exchange for  consideration in an amount per Additional
         Share of Common  Stock which is less than the  Conversion  Price or the
         Per  Share  Market  Value at the time the  Additional  Shares of Common
         Stock are issued or sold,  the  adjustment  required under this Section
         3.3(a)(v) shall be made in accordance with the formula in paragraph (1)
         or (2) above which results in the lower Conversion Price following such
         adjustment.  The  provisions of paragraphs  (1) and (2) of this Section
         3.3(a)(v)  shall  not apply to any  issuance  of  Additional  Shares of
         Common  Stock  for  which an  adjustment  is  provided  under  Sections
         3.3(a)(iii) or 3.3(a)(iv) hereof. No adjustment of the number of shares
         of Common Stock for which this Note shall be convertible  shall be made
         under paragraph (1) or (2) of this Section  3.3(a)(v) upon the issuance
         of any Additional  Shares of Common Stock which are issued  pursuant to
         the exercise of any warrants or other  subscription  or purchase rights
         or pursuant to the exercise of any conversion or exchange rights in any
         Convertible  Securities,  if any such adjustment  shall previously have
         been made upon the  issuance of such  warrants or other  rights or upon
         the issuance of such  Convertible  Securities  (or upon the issuance of
         any warrant or other rights therefor) pursuant to Section 3.3(a)(vi) or
         Section 3.3(a)(vii) hereof.

         Issuance of Notes or Other Rights.  If at any time the Maker shall take
         a  record  of the  Holders  of its  Common  Stock  for the  purpose  of
         entitling  them to  receive a  distribution  of, or shall in any manner
         (whether  directly or by  assumption  in a merger in which the Maker is
         the surviving  corporation) issue or sell, any warrants or other rights
         to subscribe for or purchase any  Additional  Shares of Common Stock or
         any  Convertible  Securities,  whether or not the rights to exchange or
         convert thereunder are immediately exercisable, and the price per share
         for which Common Stock is issuable  upon the exercise of such  warrants
         or other  rights or upon  conversion  or exchange  of such  Convertible
         Securities  shall be less  than the  Conversion  Price or the Per Share
         Market Value in effect  immediately  prior to the time of such issue or
         sale,  then the number of shares for which this Note is convertible and
         the  Conversion  Price then in effect  shall be adjusted as provided in
         Section  3.3(a)(v) on the basis that the maximum  number of  Additional
         Shares of Common Stock issuable  pursuant to all such warrants or other
         rights or  necessary to effect the  conversion  or exchange of all such
         Convertible  Securities  shall  be  deemed  to  have  been  issued  and
         outstanding and the Maker shall have received all of the  consideration
         payable therefor, if any, as of the date of the actual issuance of such
         warrants or other rights.  No adjustments of the Conversion  Price then
         in effect or the  number of shares of Common  Stock for which this Note
         is convertible shall be made upon the actual issue of such Common Stock
         or of such  Convertible  Securities  upon  exercise of such warrants or
         other  rights or upon the actual  issue of such Common  Stock upon such
         conversion or exchange of such Convertible Securities.

         Issuance of Convertible Securities. If at any time the Maker shall take
         a  record  of the  Holders  of its  Common  Stock  for the  purpose  of
         entitling  them to  receive a  distribution  of, or shall in any manner
         (whether  directly or by  assumption  in a merger in which the Maker is
         the surviving  corporation) issue or sell, any Convertible  Securities,
         whether  or not the  rights  to  exchange  or  convert  thereunder  are
         immediately exercisable, and the price per share for which Common Stock
         is issuable  upon such  conversion  or exchange  shall be less than the
         Conversion Price or Per Share Market Value in effect  immediately prior
         to the time of such issue or sale,  then the number of shares of Common
         Stock for which this Note is convertible and the Conversion  Price then
         in effect  shall be adjusted as  provided in Section  3.3(a)(v)  on the
         basis that the  maximum  number of  Additional  Shares of Common  Stock
         necessary to effect the conversion or exchange of all such  Convertible
         Securities  shall be deemed to have been issued and outstanding and the
         Maker shall have received all of the consideration payable therefor, if
         any, as of the date of actual issuance of such Convertible  Securities.
         No further adjustment of the number of shares of Common Stock for which
         this Note is convertible and the Conversion  Price then in effect shall
         be made  under  this  Section  3.3(a)(vii)  upon  the  issuance  of any
         Convertible Securities which are issued pursuant to the exercise of any
         warrants or other subscription or purchase rights therefor, if any such
         adjustment  shall  previously  have been made upon the issuance of such
         warrants or other  rights  pursuant to Section  3.3(a)(vi).  No further
         adjustments of the number of shares of Common Stock for which this Note
         is convertible  and the  Conversion  Price then in effect shall be made
         upon the actual issue of such Common Stock upon  conversion or exchange
         of such Convertible Securities.

         Superseding  Adjustment.  If, at any time after any  adjustment  of the
         number of shares of Common Stock for which this Note is convertible and
         the  Conversion  Price then in effect shall have been made  pursuant to
         Section 3.3(a)(vi) or Section 3.3(a)(vii) as the result of any issuance
         of  warrants,  other  rights or  Convertible  Securities,  and (i) such
         warrants or other  rights,  or the right of  conversion  or exchange in
         such other Convertible  Securities,  shall expire, and all or a portion
         of such  warrants  or  other  rights,  or the  right of  conversion  or
         exchange  with  respect to all or a portion  of such other  Convertible
         Securities,  as the case may be shall not have been exercised,  or (ii)
         the  consideration  per  share for  which  shares  of Common  Stock are
         issuable  pursuant to such  warrants or other  rights,  or the terms of
         such other Convertible Securities,  shall be increased solely by virtue
         of  provisions  therein  contained  for an  automatic  increase in such
         consideration  per share upon the  occurrence  of a  specified  date or
         event, then for each outstanding Note such previous adjustment shall be
         rescinded and annulled and the Additional  Shares of Common Stock which
         were  deemed to have been issued by virtue of the  computation  made in
         connection  with the  adjustment  so rescinded  and  annulled  shall no
         longer be deemed  to have  been  issued by virtue of such  computation.
         Upon the occurrence of an event set forth in this Section  3.3(a)(viii)
         above,  there  shall  be a  recomputation  made of the  effect  of such
         warrants,  other rights or options or other  Convertible  Securities on
         the basis of: (i)  treating the number of  Additional  Shares of Common

                                       10
<PAGE>

         Stock  or  other  property,  if any,  theretofore  actually  issued  or
         issuable  pursuant to the  previous  exercise  of any such  warrants or
         other rights or any such right of  conversion  or  exchange,  as having
         been  issued  on the date or dates  of any  such  exercise  and for the
         consideration  actually  received  and  receivable  therefor,  and (ii)
         treating  any  such   warrants  or  other  rights  or  any  such  other
         Convertible  Securities  which then remain  outstanding  as having been
         granted or issued  immediately  after the time of such  increase of the
         consideration  per  share for  which  shares  of Common  Stock or other
         property  are  issuable  under such  warrants or other  rights or other
         Convertible  Securities;  whereupon a new  adjustment  of the number of
         shares of  Common  Stock for  which  this Note is  convertible  and the
         Conversion  Price then in effect  shall be made,  which new  adjustment
         shall supersede the previous adjustment so rescinded and annulled.

         Consideration  for  Stock.  In case any  shares of Common  Stock or any
         Common Stock  Equivalents  shall be issued or sold: in connection  with
         any  merger  or  consolidation  in which  the  Maker  is the  surviving
         corporation  (other  than any  consolidation  or  merger  in which  the
         previously  outstanding  shares of Common  Stock of the Maker  shall be
         changed to or exchanged  for the stock or other  securities  of another
         corporation), the amount of consideration therefore shall be, deemed to
         be the fair value,  as determined  reasonably  and in good faith by the
         Board of  Directors  of the  Maker,  of such  portion of the assets and
         business of the nonsurviving corporation as such Board may determine to
         be attributable to such shares of Common Stock, Convertible Securities,
         rights or warrants  or options,  as the case may be; or in the event of
         any  consolidation or merger of the Maker in which the Maker is not the
         surviving corporation or in which the previously  outstanding shares of
         Common Stock of the Maker shall be changed  into or  exchanged  for the
         stock or other  securities of another  corporation,  or in the event of
         any sale of all or  substantially  all of the  assets  of the Maker for
         stock or other securities of any corporation, the Maker shall be deemed
         to have  issued a number  of shares  of its  Common  Stock for stock or
         securities or other property of the other  corporation  computed on the
         basis  of the  actual  exchange  ratio  on which  the  transaction  was
         predicated,  and for a consideration  equal to the fair market value on
         the date of such  transaction  of all such stock or securities or other
         property of the other corporation.  If any such calculation  results in
         adjustment of the applicable  Conversion Price, or the number of shares
         of  Common  Stock   issuable  upon   conversion   of  this  Note,   the
         determination  of the  applicable  Conversion  Price or the  number  of
         shares  of  Common  Stock  issuable  upon  conversion  of the  Series C
         Preferred  Stock  immediately  prior to such merger,  consolidation  or
         sale,  shall be made  after  giving  effect to such  adjustment  of the
         number of shares of Common Stock issuable upon conversion of the Note.

                  Record  Date.  In case the  Maker  shall  take  record  of the
holders of its Common Stock for the purpose of entitling  them to subscribe  for
or purchase Common Stock or Convertible  Securities,  then the date of the issue
or sale of the shares of Common Stock shall be deemed to be such record date.

                  Certain  Issues  Excepted.  Anything  herein  to the  contrary
notwithstanding,  the Maker shall not be required to make any  adjustment of the
number of shares of Common Stock issuable upon  conversion of this Note upon the
grant  after the Closing  Date of, or the  exercise  after the Closing  Date of,
options or warrants or rights to purchase stock under the Maker's existing stock
option plan.

                  No  Impairment.  The Maker  shall  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

                                       11
<PAGE>

voluntary action, avoid or seek to avoid the observance or performance of any of
the terms to be observed or performed  hereunder  by the Maker,  but will at all
times in good faith,  assist in the carrying out of all the  provisions  of this
Section  3.3  and in the  taking  of all  such  action  as may be  necessary  or
appropriate  in order to protect  the  Conversion  Rights of the Holder  against
impairment.  In the event the Holder  shall elect to convert any portion of this
Note as provided herein,  the Maker cannot refuse  conversion based on any claim
that Holder or any one associated or affiliated with the Holder has been engaged
in any  violation  of law,  unless,  an  injunction  from a  court,  on  notice,
restraining and/or adjoining conversion of all or any portion of this Note shall
have been issued and the Maker posts a surety bond for the benefit of the Holder
in the amount of the difference between the Conversion Price and the Closing Bid
Price  on the  trading  day  preceding  the  date  of the  attempted  conversion
multiplied  by the principal  amount of this Note sought to be converted,  which
bond shall remain in effect until the  completion of  arbitration/litigation  of
the  dispute  and the  proceeds  of which shall be payable to such holder in the
event it obtains judgment.

                  Certificates  as  to  Adjustments.  Upon  occurrence  of  each
adjustment or readjustment of the Conversion Price or number of shares of Common
Stock issuable upon conversion of this Note pursuant to Section 3.3 hereof,  the
Maker at its expense shall promptly  compute such  adjustment or readjustment in
accordance with the terms hereof and furnish to the Holder a certificate setting
forth such adjustment and  readjustment,  showing in detail the facts upon which
such adjustment or readjustment is based. The Maker shall,  upon written request
of the Holder,  at any time,  furnish or cause to be  furnished to such holder a
like  certificate   setting  forth  such  adjustments  and  readjustments,   the
applicable  Conversion  Price in effect at the time, and the number of shares of
Common Stock and the amount,  if any, of other  securities or property  which at
the time would be received upon the conversion of this Note. Notwithstanding the
foregoing, the Maker shall not be obligated to deliver a certificate unless such
certificate  would  reflect an increase or decrease of at least one percent (1%)
of such adjusted amount.

                  Issue  Taxes.  The Maker shall pay any and all issue and other
taxes,  excluding  federal,  state or local income taxes, that may be payable in
respect of any issue or delivery of shares of Common Stock on conversion of this
Note pursuant thereto; provided,  however, that the Maker shall not be obligated
to pay any transfer taxes resulting from any transfer requested by any holder in
connection with any such conversion.

                  Fractional  Shares. No fractional shares of Common Stock shall
be issued upon  conversion  of this Note.  In lieu of any  fractional  shares to
which the Holder would otherwise be entitled,  the Maker shall pay cash equal to
the product of such fraction multiplied by the average of the Closing Bid Prices
of the  Common  Stock  for the five (5)  consecutive  trading  days  immediately
preceding the Conversion Date.

                  Reservation of Common Stock. The Maker shall at all times when
this Note shall be outstanding, reserve and keep available out of its authorized
but unissued  Common  Stock,  such number of share of Common Stock as shall from
time to time be  sufficient  to  effect  the  conversion  of this  Note  and all
interest accrued thereon;  provided that the number of shares of Common Stock so
reserved  shall at no time be less than  200% of the  number of shares of Common
Stock  for which  this Note and all  interest  accrued  thereon  are at any time
convertible.  The Maker  shall,  from time to time in  accordance  with the Utah
Revised Business Corporation Act, as amended,  increase the authorized number of
shares of Common Stock if at any time the unissued  number of authorized  shares
shall not be  sufficient to satisfy the Maker's  obligations  under this Section
3.3.

                  Regulatory  Compliance.  If any  shares of Common  Stock to be
reserved  for the purpose of  conversion  of this Note or any  interest  accrued
thereon  require  registration  or listing with or approval of any  governmental
authority,  stock exchange or other  regulatory  body under any federal or state
law or  regulation  or  otherwise  before such  shares may be validly  issued or

                                       12
<PAGE>

delivered upon  conversion,  the Maker shall,  at its sole cost and expense,  in
good  faith  and  as  expeditiously   as  possible,   endeavor  to  secure  such
registration, listing or approval, as the case may be.

         Inability to Fully Convert.

                  Holder's  Option if Maker Cannot Fully  Convert.  If, upon the
Maker's receipt of a Conversion  Notice, the Maker cannot issue shares of Common
Stock  registered  for resale under the  Registration  Statement for any reason,
including, without limitation,  because the Maker (x) does not have a sufficient
number of shares of Common  Stock  authorized  and  available,  (y) is otherwise
prohibited  by  applicable  law or by the  rules  or  regulations  of any  stock
exchange,  interdealer  quotation system or other  self-regulatory  organization
with  jurisdiction  over the Maker or any of its securities  from issuing all of
the Common  Stock which is to be issued to the Holder  pursuant to a  Conversion
Notice or (z)  fails to have a  sufficient  number  of  shares  of Common  Stock
registered  for resale under the  Registration  Statement,  then the Maker shall
issue as many shares of Common Stock as it is able to issue in  accordance  with
the Holder's  Conversion  Notice and pursuant to Section  3.1(a) above and, with
respect to the unconverted  portion of the Note, the Holder,  solely at Holder's
option, can elect to:

         require  the Maker to  prepay  that  portion  of the Note for which the
         Maker is unable to issue Common Stock in  accordance  with the Holder's
         Conversion  Notice (the  "Mandatory  Prepayment")  at a price per share
         equal to 150% of the principal  amount of the Note outstanding plus any
         accrued and unpaid  interest as of such Conversion Date (the "Mandatory
         Prepayment Price");

         if the  Maker's  inability  to fully  convert  is  pursuant  to Section
         3.4(a)(z) above, require the Maker to issue restricted shares of Common
         Stock in accordance with such holder's  Conversion  Notice and pursuant
         to Section 3.1(a) above;  void its Conversion Notice and retain or have
         returned,  as the  case  may be,  the  Note  that  was to be  converted
         pursuant to the Conversion  Notice  (provided that the Holder's voiding
         its Conversion Notice shall not effect the Maker's  obligations to make
         any payments which have accrued prior to the date of such notice).

                  Mechanics of  Fulfilling  Holder's  Election.  The Maker shall
immediately  send via facsimile to the Holder,  upon receipt of a facsimile copy
of a  Conversion  Notice  from the Holder  which  cannot be fully  satisfied  as
described in Section  3.4(a) above,  a notice of the Maker's  inability to fully
satisfy the Conversion  Notice (the "Inability to Fully Convert  Notice").  Such
Inability to Fully Convert Notice shall indicate (i) the reason why the Maker is
unable to fully satisfy such holder's  Conversion Notice, (ii) the amount of the
Note which cannot be converted  and (iii) the  applicable  Mandatory  Prepayment
Price.  The Holder shall  notify the Maker of its  election  pursuant to Section
3.4(a) above by delivering written notice via facsimile to the Maker ("Notice in
Response to Inability to Convert").

                  Payment of  Mandatory  Prepayment  Price.  If the Holder shall
elect to have its shares prepaid pursuant to Section  3.4(a)(i) above, the Maker
shall pay the Mandatory  Prepayment  Price in cash to the Holder within five (5)
days of the Maker's  receipt of the Holder's  Notice in Response to Inability to
Convert,  provided that prior to the Maker's  receipt of the Holder's  Notice in
Response to  Inability  to Convert  the Maker has not  delivered a notice to the
Holder stating,  to the satisfaction of the Holder,  that the event or condition
resulting in the Mandatory  Prepayment has been cured and all Conversion  Shares
issuable  to the Holder can and will be  delivered  to the Holder in  accordance
with the terms of Section 3.1(b).  If the Maker shall fail to pay the applicable
Mandatory  Prepayment Price to the Holder on a timely basis as described in this
Section 3.4(c) (other than pursuant to a dispute as to the  determination of the
arithmetic  calculation of the Prepayment  Price), in addition to any remedy the
Holder may have under this Note and the Purchase  Agreement,  such unpaid amount
shall bear interest at the rate of 2.0% per month  (prorated for partial months)
until paid in full. Until the full Mandatory Prepayment Price is paid in full to

                                       13
<PAGE>

the Holder,  the Holder may (i) void the  Mandatory  Prepayment  with respect to
that portion of the Note for which the full Mandatory  Prepayment  Price has not
been paid,  (ii) receive back such Note,  and (iii) require that the  Conversion
Price of such  returned  Note be  adjusted  to the lesser of (A) the  Conversion
Price  as in  effect  on the date on  which  the  Holder  voided  the  Mandatory
Prepayment and (B) the lowest  Closing Bid Price during the period  beginning on
the  Conversion  Date and  ending on the date the Holder  voided  the  Mandatory
Prepayment.

PREPAYMENT

         Prepayment Options.

                  Prepayment. Notwithstanding anything to the contrary contained
herein, the Holder shall have the right, at such Holder's option, to require the
Maker to prepay all or a portion  of the  outstanding  principal  amount and any
interest  accrued and outstanding  under this Note at a cash price equal to 150%
of the outstanding  principal  amount plus any interest  accrued and outstanding
which the Holder elects to have prepaid (the "Prepayment Price"), provided, that
such  prepayment  is requested (i) on or after the 121st day after the Form SB-2
Effectiveness  Date or (ii)  upon  the  occurrence  of a Major  Transaction  (as
defined in Section  4.1(e)  below) or a Triggering  Event (as defined in Section
4.1(e) below).  Nothing in this Section  4.1(a) shall limit the Holder's  rights
under Section 2.2 hereof.

                  Mechanics of  Prepayment  at Option of Holder.  Within one (1)
day after the occurrence of a Major Transaction or a Triggering Event, the Maker
shall  deliver  written  notice  thereof via  facsimile  and  overnight  courier
("Notice  of a  Prepayment  Event") to the  Holder.  At any time on or after the
121st day after the Form SB-2  Effectiveness Date or the earlier of the Holder's
receipt of a Notice of a Prepayment  Event and Holder  becoming aware of a Major
Transaction  or a Triggering  Event,  the Holder may require the Maker to prepay
all or a portion of the outstanding  principal  amount and any interest  accrued
and  outstanding  under  this Note by  delivering  written  notice  thereof  via
facsimile and overnight  courier ("Notice of Prepayment at Option of Holder") to
the Maker,  which Notice of  Prepayment  at Option of Holder shall  indicate the
amount of principal and interest  accrued and  outstanding  under this Note that
the Holder is electing to have prepaid and the applicable Prepayment Price.

                  Payment of  Prepayment  Price.  Upon the Maker's  receipt of a
Notice  of  Prepayment  at Option of Holder  from the  Holder,  the Maker  shall
immediately notify the Holder by facsimile of the Maker's receipt of a Notice of
Prepayment at Option of Holder and the Holder which has sent such a notice shall
promptly submit to the Maker this Note which Holder has elected to have prepaid.
The Maker shall pay the Prepayment Price to Holder within five (5) business days
after the  Maker's  receipt  of a Notice  of  Prepayment  at  Option of  Holder;
provided that this Note shall have been so delivered to the Maker.  If the Maker
shall fail to prepay all of the  Prepayment  Price  (other  than  pursuant  to a
dispute as to the arithmetic  calculation of the Prepayment  Price), in addition
to any remedy the Holder  may have  under  this Note,  the  Registration  Rights
Agreement and the Purchase Agreement, the Prepayment Price payable in respect of
such unprepaid Notes shall bear interest at the rate of 2.0% per month (prorated
for  partial  months)  until  paid in full.  Until  the Maker  pays such  unpaid
Prepayment  Price in full to the Holder,  the Holder  shall have the option (the
"Void Optional Prepayment Option") to, in lieu of prepayment,  require the Maker
to promptly  return to the Holder this Note that was submitted for prepayment by
Holder  under this Section 4.1 and for which the  Prepayment  Price has not been
paid, by sending  written  notice  thereof to the Maker via facsimile (the "Void
Optional  Prepayment  Notice").  Upon the Maker's  receipt of such Void Optional
Prepayment  Notice(s)  and  prior to  payment  of the full  Prepayment  Price to
Holder,  (i) the  Notice(s) of  Prepayment at Option of Holder shall be null and

                                       14
<PAGE>

void  with  respect  to this Note  submitted  for  prepayment  and for which the
Prepayment Price has not been paid and (ii) the Maker shall  immediately  return
this Note submitted to the Maker by the Holder for prepayment under this Section
4.1(c) and for which the Prepayment Price has not been paid. A Holder's delivery
of a Void Optional  Prepayment  Notice and exercise of its rights following such
notice shall not effect the Maker's  obligations to make any payments which have
accrued prior to the date of such notice.

                  Maker's Prepayment Option. The Maker may prepay, at the option
of its Board of  Directors,  all or any  portion  of the  outstanding  principal
amount of this Note and the accrued and unpaid  interest  thereon  upon five (5)
business days prior written notice to the Holder (the "Maker Prepayment Notice")
at a cash  price  equal to 150% of the  outstanding  principal  amount  plus any
interest  accrued and  outstanding  (the "Maker  Prepayment  Price");  provided,
however,  that if the Holder has  delivered a Conversion  Notice to the Maker or
delivers a Conversion Notice after receipt of the Maker's Prepayment Notice, the
portion of the Note  designated to be converted may not be prepaid by the Maker.
The Maker may not  deliver a Maker  Prepayment  Notice to the Holder  unless the
Maker has clear and good  funds for a minimum of the amount it intends to prepay
in a bank account  controlled by the Maker.  The Maker  Prepayment  Notice shall
state the date of prepayment (the "Maker Prepayment Date"), the Maker Prepayment
Price,  the  amount of the Note of such  Holder  to be  prepaid,  the  amount of
accrued and unpaid  interest  through the Maker  Prepayment  Date and shall call
upon the Holder to  surrender to the Maker on the Maker  Prepayment  Date at the
place  designated in the Maker  Prepayment  Notice such Holder's Note. The Maker
Prepayment  Date shall be no more than five (5)  trading  days after the date on
which the  Holder is  notified  of the  Maker's  intent to prepay  the Note (the
"Maker  Prepayment Notice Date"). If the Maker fails to pay the Prepayment Price
by the sixth (6th) trading day following the Maker  Prepayment  Notice Date, the
prepayment  will be declared null and void and the Maker shall lose its right to
deliver a Maker Prepayment  Notice to the Holder in the future.  On or after the
Maker  Prepayment  Date,  the  Holder  shall  surrender  the  Notes  called  for
prepayment to the Maker at the place designated in the Maker  Prepayment  Notice
and shall  thereupon  be  entitled  to receive  payment of the Maker  Prepayment
Price.

                  For purposes of this Note, (1) "Major  Transaction"  means the
consummation of any of the following transactions: (i) the consolidation, merger
or other  business  combination  of the  Maker  with or into a person  or entity
(other than (A) pursuant to a migratory  merger  effected solely for the purpose
of  changing  the   jurisdiction  of   incorporation  of  the  Maker  or  (B)  a
consolidation,  merger or other  business  combination  in which  holders of the
Maker's  or  any of its  subsidiaries  voting  power  immediately  prior  to the
transaction continue after the transaction to hold, directly or indirectly,  the
voting power of the surviving  entity or entities  necessary to elect a majority
of the members of the board of directors  (or their  equivalent  if other than a
corporation)  of such entity or  entities);  (ii) the sale or transfer of all or
substantially  all of the Maker's or any of its subsidiaries  assets;  (iii) the
consummation of a purchase, tender or exchange offer made to the holders of more
than 30% of the outstanding  shares of Common Stock; or (iv) the  reorganization
or  reclassification  of the Maker's capital stock,  and (2) "Triggering  Event"
means  (i) the  completion  of any  additional  financing  of  Maker,  (ii)  any
representation  or warranty  made by the Maker shall prove to have been false or
incorrect  at the time when made or (iii) Maker has breached a covenant or other
term or condition of the Purchase Agreement or any other Transaction Document.

                                       15
<PAGE>

MISCELLANEOUS

         Notices.  Any notice,  demand,  request,  waiver or other communication
required or  permitted  to be given  hereunder  shall be in writing and shall be
effective  (a) upon hand  delivery by telecopy  or  facsimile  at the address or
number  designated  in the Purchase  Agreement  (if  delivered on a business day
during normal business hours where such notice is to be received),  or the first
business day following such delivery (if delivered  other than on a business day
during normal  business hours where such notice is to be received) or (b) on the
second  business day following the date of mailing by express  courier  service,
fully  prepaid,  addressed  to such  address,  or upon  actual  receipt  of such
mailing,  whichever shall first occur. The Maker will give written notice to the
Holder at least thirty (30) days prior to the date on which the Maker closes its
books or takes a record (x) with  respect to any dividend or  distribution  upon
the Common Stock, (y) with respect to any pro rata subscription offer to holders
of Common  Stock or (z) for  determining  rights to vote with respect to a Major
Transaction or a Triggering Event, dissolution, liquidation or winding-up and in
no event shall such notice be provided to such holder prior to such  information
being made known to the public.  The Maker will also give written  notice to the
Holder  at least  twenty  (20)  days  prior  to the  date on which  dissolution,
liquidation  or winding-up  will take place and in no event shall such notice be
provided to the Holder prior to such information being made known to the public.

         Governing  Law.  This  Note  shall  be  governed  by and  construed  in
accordance  with the  internal  laws of the  State of New York,  without  giving
effect to the choice of law  provisions.  This Note shall not be  interpreted or
construed  with any  presumption  against  the  party  causing  this  Note to be
drafted.

         Headings. Article and section headings in this Note are included herein
for purposes of convenience of reference only and shall not constitute a part of
this Note for any other purpose.

         Remedies, Characterizations, Other Obligations, Breaches and Injunctive
Relief.  The remedies  provided in this Note shall be cumulative and in addition
to all other remedies available under this Note, at law or in equity (including,
without  limitation,  a decree of specific  performance  and/or other injunctive
relief),  no remedy contained herein shall be deemed a waiver of compliance with
the  provisions  giving  rise to such remedy and  nothing  herein  shall limit a
holder's  right to pursue actual  damages for any failure by the Maker to comply
with the terms of this Note.  Amounts  set forth or  provided  for  herein  with
respect to  payments  and the like (and the  computation  thereof)  shall be the
amounts to be received by the holder thereof and shall not,  except as expressly
provided  herein,  be  subject  to any  other  obligation  of the  Maker (or the
performance  thereof).  The  Maker  acknowledges  that  a  breach  by it of  its
obligations hereunder will cause irreparable and material harm to the Holder and
that the remedy at law for any such  breach  may be  inadequate.  Therefore  the
Maker agrees that,  in the event of any such breach or  threatened  breach,  the
Holder  shall be  entitled,  in  addition  to all  other  available  rights  and
remedies,  at law or in  equity,  to seek  and  obtain  such  equitable  relief,
including  but not  limited  to an  injunction  restraining  any such  breach or
threatened  breach,  without the necessity of showing  economic loss and without
any bond or other security being required.

         Enforcement Expenses. The Maker agrees to pay all costs and expenses of
enforcement of this Note, including,  without limitation,  reasonable attorneys'
fees and expenses.

         Binding  Effect.  The obligations of the Maker and the Holder set forth
herein  shall be binding  upon the  successors  and  assigns of each such party,
whether or not such successors or assigns are permitted by the terms hereof.

         Amendments.  This Note may not be  modified  or  amended  in any manner
except in writing executed by the Maker and the Holder.

         Compliance with Securities  Laws. The Holder of this Note  acknowledges
that this Note is being acquired  solely for the Holder's own account and not as
a nominee for any other party, and for investment, and that the Holder shall not

                                       16
<PAGE>

offer,  sell or otherwise dispose of this Note. This Note and any Note issued in
substitution  or  replacement  therefore  shall be stamped or  imprinted  with a
legend in substantially the following form:

         "THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
         AMENDED (THE "SECURITIES ACT"), OR ANY STATE SECURITIES LAW AND MAY NOT
         BE SOLD,  TRANSFERRED OR OTHERWISE  DISPOSED OF UNLESS REGISTERED UNDER
         THE  SECURITIES  ACT AND  UNDER  APPLICABLE  STATE  SECURITIES  LAWS OR
         COMMERCIAL CONCEPTS, INC. SHALL HAVE RECEIVED AN OPINION OF ITS COUNSEL
         THAT REGISTRATION OF SUCH SECURITIES UNDER THE SECURITIES ACT AND UNDER
         THE PROVISIONS OF APPLICABLE STATE SECURITIES LAWS IS NOT REQUIRED.

         Consent  to  Jurisdiction.  Each of the Maker and the Holder (i) hereby
irrevocably  submits to the  jurisdiction  of the United States  District  Court
sitting in the Southern  District of New York and the courts of the State of New
York  located  in New York  county  for the  purposes  of any  suit,  action  or
proceeding  arising out of or relating to this Note and (ii) hereby waives,  and
agrees not to assert in any such suit,  action or proceeding,  any claim that it
is not  personally  subject to the  jurisdiction  of such court,  that the suit,
action or  proceeding is brought in an  inconvenient  forum or that the venue of
the suit,  action or  proceeding  is improper.  Each of the Maker and the Holder
consents  to process  being  served in any such suit,  action or  proceeding  by
mailing a copy  thereof to such party at the address in effect for notices to it
under the Purchase  Agreement and agrees that such service shall constitute good
and sufficient  service of process and notice  thereof.  Nothing in this Section
5.9  shall  affect  or limit any  right to serve  process  in any  other  manner
permitted by law.

         Parties in  Interest.  This Note shall be  binding  upon,  inure to the
benefit  of and be  enforceable  by the Maker,  the Holder and their  respective
successors and permitted assigns.

         Failure or  Indulgence  Not Waiver.  No failure or delay on the part of
the Holder in the  exercise of any power,  right or  privilege  hereunder  shall
operate as a waiver  thereof,  nor shall any single or partial  exercise  of any
such power,  right or privilege preclude other or further exercise thereof or of
any other right, power or privilege.

         Maker Waivers.  Except as otherwise  specifically  provided herein, the
Maker  and  all  others  that  may  become  liable  for  all or any  part of the
obligations evidenced by this Note, hereby waive presentment,  demand, notice of
nonpayment,  protest and all other  demands' and notices in connection  with the
delivery,  acceptance,  performance  and enforcement of this Note, and do hereby
consent to any number of renewals of  extensions  of the time or payment  hereof
and agree that any such renewals or extensions may be made without notice to any
such persons and without affecting their liability herein and do further consent
to the release of any person liable hereon,  all without affecting the liability
of the other persons, firms or Maker liable for the payment of this Note, AND DO
HEREBY WAIVE TRIAL BY JURY.

         No delay or omission on the part of the Holder in exercising its rights
under this Note, or course of conduct relating hereto, shall operate as a waiver
of such  rights or any other  right of the  Holder,  nor shall any waiver by the
Holder of any such right or rights on any one occasion be deemed a waiver of the
same right or rights on any future occasion.

         THE MAKER  ACKNOWLEDGES  THAT THE  TRANSACTION  OF WHICH THIS NOTE IS A
PART IS A COMMERCIAL  TRANSACTION,  AND TO THE EXTENT ALLOWED BY APPLICABLE LAW,
HEREBY  WAIVES ITS RIGHT TO NOTICE AND HEARING WITH  RESPECT TO ANY  PREJUDGMENT
REMEDY WHICH THE HOLDER OR ITS SUCCESSORS OR ASSIGNS MAY DESIRE TO USE.

                                            COMMERCIAL CONCEPTS, INC.

                                            By:  ______________________________
                                                 Name:
                                                 Title:

                                       17
<PAGE>

EXHIBIT A

WIRE INSTRUCTIONS

Payee: _______________________________________________________

Bank:  _______________________________________________________

Address: _____________________________________________________
         _____________________________________________________

Bank No.: ____________________________________________________

Account No.:  ________________________________________________

Account Name: ________________________________________________

<PAGE>Exhibit 4.2

                                FORM OF WARRANT

THIS WARRANT AND THE SHARES OF COMMON STOCK  ISSUABLE UPON EXERCISE  HEREOF HAVE
NOT  BEEN  REGISTERED  UNDER  THE  SECURITIES  ACT  OF  1933,  AS  AMENDED  (THE
"SECURITIES ACT") OR ANY STATE SECURITIES LAWS AND MAY NOT BE SOLD,  TRANSFERRED
OR OTHERWISE  DISPOSED OF UNLESS  REGISTERED  UNDER THE SECURITIES ACT AND UNDER
APPLICABLE  STATE  SECURITIES  LAWS OR  COMMERCIAL  CONCEPTS,  INC.  SHALL  HAVE
RECEIVED AN OPINION OF ITS COUNSEL THAT  REGISTRATION OF SUCH  SECURITIES  UNDER
THE SECURITIES ACT AND UNDER THE PROVISIONS OF APPLICABLE  STATE SECURITIES LAWS
IS NOT REQUIRED.

                              WARRANT TO PURCHASE

                             SHARES OF COMMON STOCK

                                       OF

                           Commercial Concepts, Inc.

                           Expires November __, 2005

No.: W-__                                              Number of Shares: 750,000
Date of Issuance: November __, 2000

         FOR VALUE  RECEIVED,  subject to the provisions  hereinafter set forth,
the undersigned,  Commercial Concepts,  Inc., a Utah corporation  (together with
its   successors   and   assigns,   the   "Issuer"),   hereby   certifies   that
[___________________] or its registered assigns is entitled to subscribe for and
purchase, during the period specified in this Warrant, up to Seven Hundred Fifty
Thousand (750,000) shares (subject to adjustment as hereinafter provided) of the
duly authorized,  validly issued, fully paid and non-assessable  Common Stock of
the Issuer,  at an exercise  price per share equal to the Warrant  Price then in
effect,  subject,  however,  to the provisions and upon the terms and conditions
hereinafter set forth.  Capitalized terms used in this Warrant and not otherwise
defined herein shall have the respective meanings specified in Section 9 hereof.

         1. Term.  The right to  subscribe  for and  purchase  shares of Warrant
Stock represented  hereby shall commence on the date of issuance of this Warrant
and shall expire at 5:00 p.m.,  eastern  time, on November __, 2005 (such period
being the "Term").

         2. Method of Exercise  Payment:  Issuance of New Warrant:  Transfer and
Exchange.

         (a) Time of Exercise.  The purchase rights  represented by this Warrant
may be  exercised  in whole or in part at any time and from time to time  during
the Term.

         (b) Method of Exercise. The Holder hereof may exercise this Warrant, in
whole or in part,  by the  surrender  of this Warrant  (with the  exercise  form
attached hereto duly executed) at the principal office of the Issuer, and by the
payment  to the  Issuer  of an  amount of  consideration  therefor  equal to the
Warrant Price in effect on the date of such exercise multiplied by the number of
shares of  Warrant  Stock  with  respect  to which  this  Warrant  is then being
exercised,  payable at such Holder's  election (i) by certified or official bank
check  or by wire  transfer  to an  account  designated  by the  Issuer  (ii) by
"cashless  exercise" by surrender to the Issuer for cancellation of a portion of
this Warrant  representing that number of unissued shares of Warrant Stock which
is equal to the  quotient  obtained  by  dividing  (A) the  product  obtained by
multiplying  the  Warrant  Price by the number of shares of Warrant  Stock being
purchased upon such exercise by (B) the Per Share Market Value as of the date of
such  exercise,  or (iii) by a combination  of the foregoing  methods of payment

<PAGE>

selected  by the Holder of this  Warrant.  In any case  where the  consideration
payable  upon such  exercise  is being paid in whole or in part  pursuant to the
provisions  of  clause  (ii) of this  subsection  (b),  such  exercise  shall be
accompanied  by written  notice from the Holder of this Warrant  specifying  the
manner of payment  thereof and  containing a  calculation  showing the number of
shares of Warrant  Stock  with  respect  to which  rights are being  surrendered
thereunder and the net number of shares to be issued after giving effect to such
surrender.

         (c) Issuance of Stock Certificates. In the event of any exercise of the
rights  represented by this Warrant in accordance  with and subject to the terms
and  conditions  hereof,  (i)  certificates  for the shares of Warrant  Stock so
purchased  shall be dated the date of such  exercise and delivered to the Holder
hereof within a reasonable time, not exceeding three (3) Trading Days after such
exercise,  and the  Holder  hereof  shall be deemed for all  purposes  to be the
Holder  of the  shares  of  Warrant  Stock so  purchased  as of the date of such
exercise,  and (ii) unless this Warrant has expired, a new Warrant  representing
the  number of shares of  Warrant  Stock,  if any,  with  respect  to which this
Warrant shall not then have been exercised  (less any amount thereof which shall
have been  canceled  in  payment  or partial  payment  of the  Warrant  Price as
hereinabove  provided) shall also be issued to the Holder hereof at the Issuer's
expense within such time.

         (d)  Transferability of Warrant.  Subject to Section 2(e), this Warrant
may be transferred by a Holder without the consent of the Issuer. If transferred
pursuant to this  paragraph and subject to the  provisions of subsection  (e) of
this  Section 2, this Warrant may be  transferred  on the books of the Issuer by
the Holder hereof in person or by duly  authorized  attorney,  upon surrender of
this Warrant at the principal  office of the Issuer,  properly  endorsed (by the
Holder  executing an assignment in the form attached hereto) and upon payment of
any  necessary  transfer  tax or other  governmental  charge  imposed  upon such
transfer. This Warrant is exchangeable at the principal office of the Issuer for
Warrants  for the  purchase  of the same  aggregate  number of shares of Warrant
Stock, each new Warrant to represent the right to purchase such number of shares
of  Warrant  Stock as the  Holder  hereof  shall  designate  at the time of such
exchange.  All Warrants  issued on  transfers  or  exchanges  shall be dated the
Original  Issue Date and shall be identical  with this Warrant  except as to the
number of shares of Warrant Stock issuable pursuant hereto.

         (e)      Compliance with Securities Laws.

                  (i)  The  Holder  of  this  Warrant,   by  acceptance  hereof,
         acknowledges  that this  Warrant or the  shares of Warrant  Stock to be
         issued upon exercise  hereof are being acquired solely for the Holder's
         own  account  and  not as a  nominee  for  any  other  party,  and  for
         investment,  and that the  Holder  will not  offer,  sell or  otherwise
         dispose of this  Warrant  or any  shares of Warrant  Stock to be issued
         upon  exercise  hereof  except  pursuant to an  effective  registration
         statement, or an exemption from registration,  under the Securities Act
         and any applicable state securities laws.

                  (ii) Except as provided in paragraph (iii) below, this Warrant
         and all certificates  representing  shares of Warrant Stock issued upon
         exercise  hereof  shall  be  stamped  or  imprinted  with a  legend  in
         substantially the following form:

                                       2
<PAGE>

                  THIS  WARRANT  AND THE SHARES OF COMMON  STOCK  ISSUABLE  UPON
                  EXERCISE HEREOF HAVE NOT BEEN REGISTERED  UNDER THE SECURITIES
                  ACT OF 1933,  AS AMENDED (THE  "SECURITIES  ACT") OR ANY STATE
                  SECURITIES LAWS AND MAY NOT BE SOLD,  TRANSFERRED OR OTHERWISE
                  DISPOSED OF UNLESS  REGISTERED  UNDER THE  SECURITIES  ACT AND
                  UNDER APPLICABLE STATE SECURITIES LAWS OR COMMERCIAL CONCEPTS,
                  INC.  SHALL  HAVE  RECEIVED  AN OPINION  OF ITS  COUNSEL  THAT
                  REGISTRATION OF SUCH  SECURITIES  UNDER THE SECURITIES ACT AND
                  UNDER THE PROVISIONS OF APPLICABLE  STATE  SECURITIES  LAWS IS
                  NOT REQUIRED.

                  (iii) The restrictions imposed by this subsection (e) upon the
         transfer of this Warrant or the shares of Warrant Stock to be purchased
         upon exercise  hereof shall  terminate (A) when such  securities  shall
         have been resold pursuant to an effective  registration statement under
         the  Securities  Act,  (B) upon the  Issuer's  receipt of an opinion of
         counsel, in form and substance  reasonably  satisfactory to the Issuer,
         addressed  to the Issuer to the effect  that such  restrictions  are no
         longer required to ensure  compliance with the Securities Act and state
         securities  laws or (C) upon the  Issuer's  receipt  of other  evidence
         reasonably  satisfactory  to the  Issuer  that  such  registration  and
         qualification  under the Securities Act and state  securities  laws are
         not required.  Whenever such restrictions  shall cease and terminate as
         to any such securities, the Holder thereof shall be entitled to receive
         from the Issuer (or its transfer agent and registrar),  without expense
         (other than  applicable  transfer  taxes, if any), new Warrants (or, in
         the case of shares of Warrant Stock,  new stock  certificates)  of like
         tenor not bearing the  applicable  legend  required by  paragraph  (ii)
         above relating to the Securities Act and state securities laws.

         (f) Continuing Rights of Holder.  The Issuer will, at the time of or at
any time after each  exercise  of this  Warrant,  upon the request of the Holder
hereof,  acknowledge in writing the extent, if any, of its continuing obligation
to afford to such  Holder all rights to which such Holder  shall  continue to be
entitled  after such  exercise  in  accordance  with the terms of this  Warrant,
provided  that if any such  Holder  shall  fail to make any  such  request,  the
failure shall not affect the continuing  obligation of the Issuer to afford such
rights to such Holder.

         3. Stock Fully Paid; Reservation and Listing of Shares; Covenants.

         (a) Stock Fully Paid. The Issuer  represents,  warrants,  covenants and
agrees that all shares of Warrant Stock which may be issued upon the exercise of
this Warrant or otherwise  hereunder  will, upon issuance,  be duly  authorized,
validly issued, fully paid and non-assessable and free from all taxes, liens and
charges  created by or through Issuer.  The Issuer further  covenants and agrees
that during the period  within which this Warrant may be  exercised,  the Issuer
will at all times have authorized and reserved for the purpose of the issue upon
exercise  of this  Warrant a  sufficient  number  of  shares of Common  Stock to
provide for the exercise of this Warrant.

                                       3
<PAGE>

         (b) Reservation.  If any shares of Common Stock required to be reserved
for issuance  upon exercise of this Warrant or as otherwise  provided  hereunder
require registration or qualification with any governmental  authority under any
federal or state law before  such  shares may be so issued,  the Issuer  will in
good faith use its best efforts as  expeditiously  as possible at its expense to
cause such shares to be duly  registered or qualified.  If the Issuer shall list
any shares of Common Stock on any securities  exchange or market it will, at its
expense,  list thereon,  maintain and increase when necessary such listing,  of,
all  shares of Warrant  Stock from time to time  issued  upon  exercise  of this
Warrant or as otherwise provided hereunder, and, to the extent permissible under
the applicable  securities  exchange rules, all unissued shares of Warrant Stock
which are at any time issuable hereunder,  so long as any shares of Common Stock
shall be so listed. The Issuer will also so list on each securities  exchange or
market, and will maintain such listing of, any other securities which the Holder
of this  Warrant  shall be entitled to receive upon the exercise of this Warrant
if at the time  any  securities  of the  same  class  shall  be  listed  on such
securities exchange or market by the Issuer.

         (c) Covenants.  The Issuer shall not by any action  including,  without
limitation,  amending the  Certificate  of  Incorporation  or the by-laws of the
Issuer,  or through  any  reorganization,  transfer  of  assets,  consolidation,
merger,  dissolution,  issue or sale of securities or any other action, avoid or
seek to avoid the observance or performance of any of the terms of this Warrant,
but will at all times in good faith assist in the carrying out of all such terms
and in the taking of all such  actions as may be  necessary  or  appropriate  to
protect  the  rights  of the  Holder  hereof  against  dilution  (to the  extent
specifically provided herein) or impairment.  Without limiting the generality of
the  foregoing,  the Issuer  will (i) not permit the par value,  if any,  of its
Common  Stock to exceed  the then  effective  Warrant  Price,  (ii) not amend or
modify any  provision  of the  Certificate  of  Incorporation  or by-laws of the
Issuer  in any  manner  that  would  adversely  affect  in any way  the  powers,
preferences or relative  participating,  optional or other special rights of the
Common  Stock or which would  adversely  affect the rights of the Holders of the
Warrants,  (iii) take all such action as may be  reasonably  necessary  in order
that the Issuer may  validly  and  legally  issue  fully paid and  nonassessable
shares of Common Stock,  free and clear of any liens,  claims,  encumbrances and
restrictions  (other than as provided herein) upon the exercise of this Warrant,
and (iv) use its best efforts to obtain all such  authorizations,  exemptions or
consents from any public regulatory body having  jurisdiction  thereof as may be
reasonably  necessary to enable the Issuer to perform its obligations under this
Warrant.

         (d) Loss,  Theft,  Destruction  of  Warrants.  Upon receipt of evidence
satisfactory to the Issuer of the ownership of and the loss, theft,  destruction
or  mutilation  of any  Warrant  and,  in the  case of any such  loss,  theft or
destruction,  upon receipt of indemnity or security  satisfactory  to the Issuer
or, in the case of any such mutilation,  upon surrender and cancellation of such
Warrant,  the  Issuer  will  make and  deliver,  in lieu of such  lost,  stolen,
destroyed or mutilated Warrant, a new Warrant of like tenor and representing the
right to purchase the same number of shares of Common Stock.

         (e) Rights and Obligations under the Registration Rights Agreement. The
shares of Warrant Stock are entitled to the benefits and subject to the terms of
the  Registration  Rights  Agreement dated as of even date herewith  between the
Issuer and the Holders  listed on the  signature  pages thereof (as amended from
time to time, the  "Registration  Rights  Agreement").  The Issuer shall keep or
cause to be kept a copy of the Registration Rights Agreement, and any amendments
thereto, at its chief executive office and shall furnish, without charge, copies
thereof to the Holder upon request.

                                       4
<PAGE>

         4. Adjustment of Warrant Price and Warrant Share Number.  The number of
shares of Common Stock for which this Warrant is  exercisable,  and the price at
which such  shares may be  purchased  upon  exercise of this  Warrant,  shall be
subject  to  adjustment  from time to time as set forth in this  Section  4. The
Issuer shall give the Holder notice of any event  described below which requires
an adjustment pursuant to this Section 4 in accordance with Section 5.

         (a) Recapitalization,  Reorganization, Reclassification, Consolidation,
Merger or Sale.

                  (i) In case the Issuer after the Original  Issue Date shall do
         any of the following (each, a "Triggering Event"): (a) consolidate with
         or  merge  into  any  other  Person  and the  Issuer  shall  not be the
         continuing or surviving corporation of such consolidation or merger, or
         (b)  permit  any other  Person to  consolidate  with or merge  into the
         Issuer and the Issuer shall be the continuing or surviving  Person but,
         in connection with such  consolidation or merger,  any Capital Stock of
         the Issuer  shall be changed into or exchanged  for  Securities  of any
         other  Person or cash or any other  property,  or (c)  transfer  all or
         substantially  all of its properties or assets to any other Person,  or
         (d) effect a capital  reorganization or reclassification of its Capital
         Stock,  then,  and in the case of each such  Triggering  Event,  proper
         provision  shall be made so that,  upon the  basis and the terms and in
         the manner  provided in this Warrant,  the Holder of this Warrant shall
         be  entitled  (x) upon  the  exercise  hereof  at any  time  after  the
         consummation  of such  Triggering  Event, to the extent this Warrant is
         not exercised prior to such Triggering Event, to receive at the Warrant
         Price in effect at the time  immediately  prior to the  consummation of
         such  Triggering  Event in lieu of the Common Stock  issuable upon such
         exercise  of  this  Warrant  prior  to  such  Triggering   Event,   the
         Securities,  cash and  property  to which such  Holder  would have been
         entitled upon the  consummation of such Triggering Event if such Holder
         had exercised the rights represented by this Warrant  immediately prior
         thereto,  subject to adjustments  (subsequent to such corporate action)
         as nearly  equivalent  as possible to the  adjustments  provided for in
         Section 4 hereof  or (y) to sell this  Warrant  (or,  at such  Holder's
         election,  a portion hereof)  concurrently with the Triggering Event to
         the Person  continuing after or surviving such Triggering  Event, or to
         the Issuer (if Issuer is the continuing or surviving Person) at a sales
         price equal to the amount of cash,  property and/or Securities to which
         a holder of the number of shares of Common Stock which would  otherwise
         have been  delivered  upon the exercise of this Warrant would have been
         entitled  upon the  effective  date or closing  of any such  Triggering
         Event (the "Event  Consideration"),  less the amount or portion of such
         Event Consideration  having a fair value equal to the aggregate Warrant
         Price applicable to this Warrant or the portion hereof so sold.

                  (ii) Notwithstanding anything contained in this Warrant to the
         contrary, the Issuer will not effect any Triggering Event unless, prior
         to the consummation  thereof, each Person (other than the Issuer) which
         may be required to deliver any  Securities,  cash or property  upon the
         exercise of this Warrant as provided  herein shall  assume,  by written
         instrument delivered to, and reasonably  satisfactory to, the Holder of
         this Warrant, (A) the obligations of the Issuer under this Warrant (and
         if the Issuer shall survive the consummation of such Triggering  Event,
         such  assumption  shall be in  addition  to, and shall not  release the
         Issuer  from,  any  continuing  obligations  of the  Issuer  under this
         Warrant) and (B) the  obligation  to deliver to such Holder such shares
         of  Securities,  cash or property as, in accordance  with the foregoing

                                       5
<PAGE>

         provisions  of this  subsection  (a),  such Holder shall be entitled to
         receive,  and such Person shall have similarly delivered to such Holder
         an  opinion  of  counsel  for  such  Person,  which  counsel  shall  be
         reasonably satisfactory to such Holder, stating that this Warrant shall
         thereafter  continue  in full  force and  effect  and the terms  hereof
         (including,   without  limitation,   all  of  the  provisions  of  this
         subsection (a)) shall be applicable to the Securities, cash or property
         which such Person may be required to deliver  upon any exercise of this
         Warrant or the exercise of any rights pursuant hereto.

                  (iii) If with respect to any Triggering  Event,  the Holder of
         this  Warrant  has  exercised  its right as  provided  in clause (y) of
         subparagraph  (i) of this  subsection  (a) to sell  this  Warrant  or a
         portion  thereof,  the  Issuer  agrees  that  as  a  condition  to  the
         consummation of any such Triggering  Event the Issuer shall secure such
         right of Holder to sell this Warrant to the Person  continuing after or
         surviving  such  Triggering  Event and the Issuer  shall not effect any
         such Triggering Event unless upon or prior to the consummation  thereof
         the amounts of cash,  property  and/or  Securities  required under such
         clause (y) are delivered to the Holder of this Warrant.  The obligation
         of the Issuer to secure  such right of the Holder to sell this  Warrant
         shall  be  subject  to  such  Holder's  cooperation  with  the  Issuer,
         including,  without limitation, the giving of customary representations
         and warranties to the purchaser in connection with any such sale. Prior
         notice of any  Triggering  Event  shall be given to the  Holder of this
         Warrant in accordance with Section 13 hereof.

         (b) Stock Dividends.  Subdivisions and Combinations. If at any time the
Issuer shall:

                           (i) take a record of the holders of its Common  Stock
         for the purpose of entitling them to receive a dividend  payable in, or
         other distribution of, Additional Shares of Common Stock,

                           (ii) subdivide its outstanding shares of Common Stock
         into a larger number of shares of Common Stock, or

                           (iii) combine its outstanding  shares of Common Stock
         into a smaller number of shares of Common Stock,

then (1) the  number  of  shares of Common  Stock  for  which  this  Warrant  is
exercisable immediately after the occurrence of any such event shall be adjusted
to equal the number of shares of Common Stock which a record  holder of the same
number of  shares  of  Common  Stock  for  which  this  Warrant  is  exercisable
immediately  prior to the  occurrence  of such event would own or be entitled to
receive  after the  happening of such event,  and (2) the Warrant  Price then in
effect  shall  be  adjusted  to  equal  (A) the  Warrant  Price  then in  effect
multiplied  by the number of shares of Common  Stock for which  this  Warrant is
exercisable  immediately  prior to the  adjustment  divided by (B) the number of
shares of Common Stock for which this Warrant is exercisable  immediately  after
such adjustment.

                                       6
<PAGE>

         (c) Certain Other Distributions. If at any time the Issuer shall take a
record of the holders of its Common Stock for the purpose of  entitling  them to
receive any dividend or other distribution of:

                           (i) cash (other than a cash  dividend  payable out of
         earnings  or  earned  surplus  legally  available  for the  payment  of
         dividends under the laws of the  jurisdiction of  incorporation  of the
         Issuer),

                           (ii) any evidences of its indebtedness, any shares of
         stock of any class or any other  securities  or  property of any nature
         whatsoever  (other  than cash,  Convertible  Securities  or  Additional
         Shares of Common Stock), or

                           (iii) any warrants or other  rights to subscribe  for
         or purchase any evidences of its  indebtedness,  any shares of stock of
         any class or any other securities or property of any nature  whatsoever
         (other than cash, Convertible Securities or Additional Shares of Common
         Stock),

         then (1) the number of shares of Common Stock for which this Warrant is
exercisable  shall be  adjusted  to equal the product of the number of shares of
Common Stock for which this  Warrant is  exercisable  immediately  prior to such
adjustment  multiplied by a fraction (A) the numerator of which shall be the Per
Share Market Value of Common Stock at the date of taking such record and (B) the
denominator  of which  shall be such Per Share  Market  Value  minus the  amount
allocable to one share of Common Stock of any such cash so distributable  and of
the fair value (as  determined  in good faith by the Board of  Directors  of the
Issuer and supported by an opinion from an investment banking firm of recognized
national  standing  acceptable  to the Holder) of any and all such  evidences of
indebtedness, shares of stock, other securities or property or warrants or other
subscription or purchase rights so distributable, and (2) the Warrant Price then
in effect  shall be  adjusted  to equal  (A) the  Warrant  Price  then in effect
multiplied  by the number of shares of Common  Stock for which  this  Warrant is
exercisable  immediately  prior to the  adjustment  divided by (B) the number of
shares of Common Stock for which this Warrant is exercisable  immediately  after
such adjustment.  A reclassification of the Common Stock (other than a change in
par value,  or from par value to no par value or from no par value to par value)
into  shares of Common  Stock and  shares of any other  class of stock  shall be
deemed a  distribution  by the Issuer to the holders of its Common Stock of such
shares of such other class of stock within the meaning of this Section 4(c) and,
if the  outstanding  shares of Common  Stock  shall be changed  into a larger or
smaller  number of shares  of Common  Stock as a part of such  reclassification,
such change shall be deemed a subdivision or combination, as the case may be, of
the outstanding shares of Common Stock within the meaning of Section 4(b).

         (d) Issuance of Additional Shares of Common Stock.

                  (i) In the event the Issuer,  shall, at any time, from time to
time, issue or sell any shares of Common Stock (including Treasury Shares) for a
consideration  per share  less than the  Warrant  Price  then in effect  for the
Warrant  immediately  prior to the time of such issue or sale,  then,  forthwith
upon such issue or sale, the Warrant Price then in effect for the Warrants shall
be reduced to a price equal to the  consideration per share paid for such Common
Stock  and the  number of shares of  Common  Stock  for which  this  Warrant  is

                                       7
<PAGE>

exercisable  shall be increased by the product of the number of shares of Common
Stock for which this Warrant is exercisable  immediately  prior to such issuance
or sale multiplied by the Dilution Percentage.  "Dilution Percentage" shall mean
the percentage by which the Warrant Price then in effect is reduced  pursuant to
this Section 4(d).

                  (ii) If at any time the Issuer shall at any time issue or sell
any Additional Shares of Common Stock in exchange for consideration in an amount
per Additional Share of Common Stock less than the Per Share Market Value at the
time the Additional  Shares of Common Stock are issued or sold, then,  forthwith
upon such issue or sale, the Warrant Price then in effect for the Warrants shall
be reduced by the product of the Warrant Price then in effect  multiplied by the
Market  Dilution  Percentage  and the number of shares of Common Stock for which
this Warrant is  exercisable  shall be increased by the product of the number of
shares of Common Stock for which this Warrant is exercisable  immediately  prior
to such issuance or sale multiplied by the Market Dilution  Percentage.  "Market
Dilution Percentage" shall mean the percentage by which such issuance or sale is
below the lesser of the Per Share  Market Value or the per share market value of
the Common Stock as calculated  pursuant to the terms of any other financings of
the Company.

                  (iii)  If at any  time  the  Issuer  shall  issue  or sell any
Additional Shares of Common Stock in exchange for consideration in an amount per
Additional Share of Common Stock which is less than the Warrant Price or the Per
Share Market Value at the time the Additional  Shares of Common Stock are issued
or sold, the adjustment  required under Section 4(d) shall be made in accordance
with the  formula  in  paragraph  (i) or (ii) above  which  results in the lower
Warrant Price  following such  adjustment.  The provisions of paragraphs (i) and
(ii) of Section  4(d) shall not apply to any  issuance of  Additional  Shares of
Common Stock for which an adjustment is provided  under Section 4(b) or 4(c). No
adjustment  of the number of shares of Common Stock for which this Warrant shall
be  exercisable  shall be made under  paragraph (i) or (ii) of Section 4(d) upon
the issuance of any Additional  Shares of Common Stock which are issued pursuant
to the  exercise of any  warrants or other  subscription  or purchase  rights or
pursuant to the exercise of any conversion or exchange rights in any Convertible
Securities,  if any such  adjustment  shall  previously  have been made upon the
issuance  of such  warrants  or  other  rights  or  upon  the  issuance  of such
Convertible  Securities  (or upon the  issuance of any  warrant or other  rights
therefor) pursuant to Section 4(e) or Section 4(f).

         (e)  Issuance of Warrants  or Other  Rights.  If at any time the Issuer
shall  take a record of the  Holders  of its  Common  Stock for the  purpose  of
entitling  them to receive a  distribution  of, or shall in any manner  (whether
directly  or by  assumption  in a merger  in which the  Issuer is the  surviving
corporation)  issue or sell,  any warrants or other  rights to subscribe  for or
purchase any Additional  Shares of Common Stock or any  Convertible  Securities,
whether or not the rights to  exchange  or convert  thereunder  are  immediately
exercisable, and the price per share for which Common Stock is issuable upon the
exercise of such warrants or other rights or upon conversion or exchange of such
Convertible  Securities  shall be less than the  Warrant  Price or the Per Share
Market Value in effect immediately prior to the time of such issue or sale, then
the number of shares for which this Warrant is exercisable and the Warrant Price
then in effect  shall be adjusted as provided in Section  4(d) on the basis that
the maximum number of Additional Shares of Common Stock issuable pursuant to all
such warrants or other rights or necessary to effect the  conversion or exchange
of all such  Convertible  Securities  shall be deemed to have  been  issued  and

                                       8
<PAGE>

outstanding and the Issuer shall have received all of the consideration  payable
therefor,  if any,  as of the date of the actual  issuance  of such  warrants or
other rights.  No  adjustments of the Warrant Price then in effect or the number
of Warrant Shares for which this Warrant is  exercisable  shall be made upon the
actual  issue  of such  Common  Stock  or of such  Convertible  Securities  upon
exercise  of such  warrants  or other  rights or upon the  actual  issue of such
Common Stock upon such conversion or exchange of such Convertible Securities.

         (f) Issuance of Convertible Securities. If at any time the Issuer shall
take a record of the Holders of its Common  Stock for the  purpose of  entitling
them to receive a distribution  of, or shall in any manner (whether  directly or
by  assumption  in a merger in which the  Issuer is the  surviving  corporation)
issue or sell, any Convertible Securities, whether or not the rights to exchange
or convert thereunder are immediately  exercisable,  and the price per share for
which Common Stock is issuable upon such  conversion  or exchange  shall be less
than the Warrant Price or Per Share Market Value in effect  immediately prior to
the time of such issue or sale,  then the  number of shares of Common  Stock for
which this Warrant is exercisable  and the Warrant Price then in effect shall be
adjusted  as provided  in Section  4(d) on the basis that the maximum  number of
Additional Shares of Common Stock necessary to effect the conversion or exchange
of all such  Convertible  Securities  shall be deemed to have  been  issued  and
outstanding and the Issuer shall have received all of the consideration  payable
therefor,  if  any,  as of the  date of  actual  issuance  of  such  Convertible
Securities.  No further  adjustment  of the number of shares of Common Stock for
which this Warrant is exercisable  and the Warrant Price then in effect shall be
made under this  Section 4(f) upon the  issuance of any  Convertible  Securities
which are issued pursuant to the exercise of any warrants or other  subscription
or purchase rights  therefor,  if any such adjustment shall previously have been
made upon the  issuance  of such  warrants or other  rights  pursuant to Section
4(e). No further  adjustments  of the number of shares of Common Stock for which
this Warrant is  exercisable  and the Warrant Price then in effect shall be made
upon the actual issue of such Common Stock upon  conversion  or exchange of such
Convertible Securities.

         (g) Superseding Adjustment. If, at any time after any adjustment of the
number of shares of Common Stock for which this Warrant is  exercisable  and the
Warrant  Price then in effect  shall have been made  pursuant to Section 4(e) or
Section  4(f) as the  result  of any  issuance  of  warrants,  other  rights  or
Convertible  Securities,  and (i) such warrants or other rights, or the right of
conversion or exchange in such other Convertible  Securities,  shall expire, and
all or a portion of such warrants or other rights, or the right of conversion or
exchange with respect to all or a portion of such other Convertible  Securities,
as the case may be shall not have been exercised,  or (ii) the consideration per
share for which shares of Common Stock are issuable pursuant to such warrants or
other  rights,  or the  terms of such  other  Convertible  Securities,  shall be
increased  solely by virtue of  provisions  therein  contained  for an automatic
increase in such consideration per share upon the occurrence of a specified date
or event,  then for each outstanding  Warrant such previous  adjustment shall be
rescinded  and  annulled  and the  Additional  Shares of Common Stock which were
deemed to have been issued by virtue of the computation  made in connection with
the  adjustment so rescinded and annulled shall no longer be deemed to have been
issued by virtue of such computation.  Upon the occurrence of an event set forth
in this Section 4(g) above, there shall be a recomputation made of the effect of
such warrants,  other rights or options or other  Convertible  Securities on the
basis of: (i) treating the number of Additional  Shares of Common Stock or other

                                       9
<PAGE>

property,  if any,  theretofore  actually  issued or  issuable  pursuant  to the
previous  exercise  of any such  warrants  or other  rights or any such right of
conversion  or exchange,  as having been issued on the date or dates of any such
exercise and for the consideration  actually  received and receivable  therefor,
and  (ii)  treating  any  such  warrants  or  other  rights  or any  such  other
Convertible  Securities which then remain  outstanding as having been granted or
issued  immediately  after the time of such  increase of the  consideration  per
share for which shares of Common Stock or other property are issuable under such
warrants  or other  rights  or other  Convertible  Securities;  whereupon  a new
adjustment  of the number of shares of Common  Stock for which  this  Warrant is
exercisable  and the  Warrant  Price  then in  effect  shall be made,  which new
adjustment shall supersede the previous adjustment so rescinded and annulled.

         (h) Purchase of Common  Stock by the Issuer.  If the Issuer at any time
while this  Warrant is  outstanding  shall,  directly  or  indirectly  through a
Subsidiary or  otherwise,  purchase,  redeem or otherwise  acquire any shares of
Common Stock at a price per share greater than the Per Share Market Value,  then
the Warrant Price upon each such purchase,  redemption or  acquisition  shall be
adjusted  to that  price  determined  by  multiplying  such  Warrant  Price by a
fraction  (i) the  numerator  of which  shall be the  number of shares of Common
Stock outstanding immediately prior to such purchase,  redemption or acquisition
minus the number of shares of Common Stock which the aggregate consideration for
the total  number  of such  shares of Common  Stock so  purchased,  redeemed  or
acquired would purchase at the Per Share Market Value;  and (ii) the denominator
of which shall be the number of shares of Common Stock  outstanding  immediately
after  such  purchase,  redemption  or  acquisition.  For the  purposes  of this
subsection  (h),  the date as of  which  the Per  Share  Market  Price  shall be
computed  shall be the  earlier of (x) the date on which the Issuer  shall enter
into a firm contract for the purchase,  redemption or acquisition of such Common
Stock,  or (y) the date of actual  purchase,  redemption or  acquisition of such
Common Stock. For the purposes of this subsection (h), a purchase, redemption or
acquisition of a Common Stock Equivalent shall be deemed to be a purchase of the
underlying  Common Stock,  and the computation  herein required shall be made on
the basis of the full  exercise,  conversion  or exchange  of such Common  Stock
Equivalent  on the date as of which such  computation  is required  hereby to be
made,  whether or not such Common  Stock  Equivalent  is  actually  exercisable,
convertible or exchangeable on such date.

         (i)  Restructuring  of Notes.  If at any time  while  this  Warrant  is
outstanding  the Holder elects to exercise its Adjustment  Option (as defined in
the Notes)  pursuant  to the Notes,  the Warrant  Price then in effect  shall be
adjusted to equal the lowest Closing Bid Price of the Common Stock during the 10
Trading Days prior to the Closing Date.

         (j) Other Provisions  applicable to Adjustments under this Section. The
following  provisions  shall be applicable to the making of  adjustments  of the
number of shares of Common Stock for which this Warrant is  exercisable  and the
Warrant Price then in effect provided for in this Section 4:

                  (i)  Computation  of  Consideration.  To the  extent  that any
Additional Shares of Common Stock or any Convertible  Securities or any warrants
or other rights to subscribe  for or purchase  any  Additional  Shares of Common
Stock or any Convertible Securities shall be issued for cash consideration,  the
consideration  received by the Issuer  therefor  shall be the amount of the cash
received by the Issuer therefor,  or, if such Additional  Shares of Common Stock

                                       10
<PAGE>

or  Convertible  Securities  are  offered by the Issuer  for  subscription,  the
subscription price, or, if such Additional Shares of Common Stock or Convertible
Securities are sold to  underwriters  or dealers for public  offering  without a
subscription  offering,  the  initial  public  offering  price (in any such case
subtracting  any amounts  paid or  receivable  for  accrued  interest or accrued
dividends  and  without  taking  into  account any  compensation,  discounts  or
expenses  paid or  incurred  by the  Issuer for and in the  underwriting  of, or
otherwise in connection  with,  the issuance  thereof).  To the extent that such
issuance shall be for a consideration  other than cash,  then,  except as herein
otherwise expressly  provided,  the amount of such consideration shall be deemed
to be the fair  value of such  consideration  at the  time of such  issuance  as
determined  in good faith by the Board of Directors  of the Issuer.  In case any
Additional Shares of Common Stock or any Convertible  Securities or any warrants
or other rights to subscribe  for or purchase such  Additional  Shares of Common
Stock or Convertible Securities shall be issued in connection with any merger in
which the Issuer issues any  securities,  the amount of  consideration  therefor
shall be deemed to be the fair value,  as  determined in good faith by the Board
of  Directors  of the Issuer,  of such portion of the assets and business of the
nonsurviving  corporation  as such Board in good  faith  shall  determine  to be
attributable to such Additional Shares of Common Stock,  Convertible Securities,
warrants  or  other  rights,  as the  case  may be.  The  consideration  for any
Additional  Shares of Common  Stock  issuable  pursuant to any warrants or other
rights to subscribe for or purchase the same shall be the consideration received
by the Issuer for  issuing  such  warrants or other  rights plus the  additional
consideration  payable to the Issuer  upon  exercise  of such  warrants or other
rights.  The  consideration  for any Additional  Shares of Common Stock issuable
pursuant to the terms of any Convertible  Securities shall be the  consideration
received by the Issuer for issuing  warrants or other rights to subscribe for or
purchase such Convertible Securities,  plus the consideration paid or payable to
the Issuer in respect of the  subscription  for or purchase of such  Convertible
Securities,  plus the additional  consideration,  if any,  payable to the Issuer
upon the  exercise of the right of  conversion  or exchange in such  Convertible
Securities.  In case of the  issuance  at any time of any  Additional  Shares of
Common  Stock or  Convertible  Securities  in  payment  or  satisfaction  of any
dividends  upon any class of stock other than Common Stock,  the Issuer shall be
deemed  to  have  received  for  such  Additional  Shares  of  Common  Stock  or
Convertible  Securities a consideration  equal to the amount of such dividend so
paid or satisfied.

                  (ii) When Adjustments to Be Made. The adjustments  required by
this  Section  4 shall be made  whenever  and as often  as any  specified  event
requiring an adjustment shall occur, except that any adjustment of the number of
shares of Common  Stock  for  which  this  Warrant  is  exercisable  that  would
otherwise be required may be postponed  (except in the case of a subdivision  or
combination  of shares of the Common Stock,  as provided for in Section 4(b)) up
to, but not beyond the date of exercise if such  adjustment  either by itself or
with other adjustments not previously made adds or subtracts less than 1% of the
shares of Common Stock for which this Warrant is exercisable  immediately  prior
to the making of such adjustment.  Any adjustment  representing a change of less
than such minimum  amount  (except as  aforesaid)  which is  postponed  shall be
carried  forward  and  made  as soon as such  adjustment,  together  with  other
adjustments  required by this Section 4 and not previously made, would result in
a  minimum  adjustment  or on the  date  of  exercise.  For the  purpose  of any
adjustment, any specified event shall be deemed to have occurred at the close of
business on the date of its occurrence.

                                       11
<PAGE>

                  (iii) Fractional  Interests.  In computing  adjustments  under
this Section 4, fractional interests in Common Stock shall be taken into account
to the nearest 1/100th of a share.

                  (iv) When Adjustment Not Required.  If the Issuer shall take a
record of the holders of its Common Stock for the purpose of  entitling  them to
receive a dividend or distribution or subscription or purchase rights and shall,
thereafter and before the distribution to stockholders thereof,  legally abandon
its plan to pay or deliver such dividend, distribution, subscription or purchase
rights,  then thereafter no adjustment shall be required by reason of the taking
of such record and any such adjustment  previously made in respect thereof shall
be rescinded and annulled.  In addition,  no adjustment  shall be required under
Section  4(d)(i)  or (ii)  hereof  in the  event  the  Issuer  issues  or  sells
Additional  Shares in a  transaction  whose  primary  purpose is to  establish a
relationship  with the recipient  thereof for strategic reasons and not to raise
capital.

         (k) Form of Warrant  after  Adjustments.  The form of this Warrant need
not be changed because of any adjustments in the Warrant Price or the number and
kind of Securities purchasable upon the exercise of this Warrant.

         (l)  Escrow  of  Warrant   Stock.   If  after  any   property   becomes
distributable  pursuant to this  Section 4 by reason of the taking of any record
of the holders of Common  Stock,  but prior to the  occurrence  of the event for
which such record is taken, and the Holder exercises this Warrant, any shares of
Common Stock issuable upon exercise by reason of such adjustment shall be deemed
the  last  shares  of  Common   Stock  for  which  this   Warrant  is  exercised
(notwithstanding  any other provision to the contrary herein) and such shares or
other property shall be held in escrow for the Holder by the Issuer to be issued
to the Holder upon and to the extent that the event actually  takes place,  upon
payment of the Current Warrant Price. Notwithstanding any other provision to the
contrary herein,  if the event for which such record was taken fails to occur or
is  rescinded,  then such  escrowed  shares shall be cancelled by the Issuer and
escrowed property returned.

         5. Notice of  Adjustments.  Whenever the Warrant Price or Warrant Share
Number  shall be adjusted  pursuant  to Section 4 hereof  (for  purposes of this
Section 5, each an  "adjustment"),  the Issuer  shall cause its Chief  Financial
Officer to prepare  and  execute a  certificate  setting  forth,  in  reasonable
detail,  the event requiring the adjustment,  the amount of the adjustment,  the
method by which such  adjustment was calculated  (including a description of the
basis on which the Board  made any  determination  hereunder),  and the  Warrant
Price and Warrant Share Number after giving effect to such adjustment, and shall
cause copies of such  certificate  to be delivered to the Holder of this Warrant
promptly after each adjustment. Any dispute between the Issuer and the Holder of
this Warrant with  respect to the matters set forth in such  certificate  may at
the option of the Holder of this  Warrant be  submitted  to one of the  national
accounting  firms  currently  known as the "big five"  selected  by the  Holder,
provided  that the Issuer  shall have 10 days after  receipt of notice from such
Holder  of its  selection  of such firm to object  thereto,  in which  case such
Holder shall select another such firm and the Issuer shall have no such right of
objection.  The firm  selected by the Holder of this  Warrant as provided in the
preceding  sentence shall be instructed to deliver a written  opinion as to such

                                       12
<PAGE>

matters to the Issuer and such Holder  within 30 days after  submission to it of
such dispute. Such opinion shall be final and binding on the parties hereto. The
fees and expenses of such accounting firm shall be paid by the Issuer.

         6.  Fractional  Shares.  No fractional  shares of Warrant Stock will be
issued in connection  with and exercise  hereof,  but in lieu of such fractional
shares,  the Issuer  shall make a cash payment  therefor  equal in amount to the
product of the applicable fraction multiplied by the Per Share Market Value then
in effect.

         7. Intentionally Omitted.

         8.  Warrant  Exercise  Restriction.  Notwithstanding  anything  to  the
contrary  set forth in this  Warrant,  at no time may a holder  of this  Warrant
exercise this Warrant,  or a portion  hereof,  if the number of shares of Common
Stock to be issued pursuant to such exercise would exceed,  when aggregated with
all other shares of Common Stock owned by such holder at such time, would result
in such  holder  owning  more than 9.99% of all of the Common  Stock  issued and
outstanding at such time; provided,  however, that upon a holder of this Warrant
providing  the Issuer with 30 days notice  (pursuant  to Section 13 hereof) (the
"Waiver  Notice") that such holder would like to waive Section 8 of this Warrant
with regard to any or all shares of Common Stock  issuable  upon exercise of the
Warrant,  this Section 8 will be of no force or effect with regard to the number
of  shares  exercisable  pursuant  to the  Warrant,  or the  applicable  portion
thereof, referenced in the Waiver Notice.

         9. Definitions.  For the purposes of this Warrant,  the following terms
have the following meanings:

                  "Additional Shares of Common Stock" means all shares of Common
         Stock  issued by the Issuer  after the  Original  Issue  Date,  and all
         shares of Other Common, if any, issued by the Issuer after the Original
         Issue Date, except the Warrant Stock and the Conversion Shares.

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

                  "Capital  Stock"  means and  includes  (i) any and all shares,
         interests,  participations  or other  equivalents  of or  interests  in
         (however designated)  corporate stock,  including,  without limitation,
         shares of preferred or preference stock, (ii) all partnership interests
         (whether  general or  limited)  in any Person  which is a  partnership,
         (iii) all membership  interests or limited  liability company interests
         in any  limited  liability  company,  and (iv) all equity or  ownership
         interests in any Person of any other type.

                  "Certificate  of  Incorporation"   means  the  Certificate  of
         Incorporation  of the Issuer as in effect on the  Original  Issue Date,
         and as hereafter from time to time amended,  modified,  supplemented or
         restated in  accordance  with the terms hereof and thereof and pursuant
         to applicable law.

                  "Common  Stock"  means the Common  Stock,  par value $.001 per
         share,  of the Issuer and any other Capital Stock into which such stock
         may hereafter be changed.

                                       13
<PAGE>

                  "Common Stock  Equivalent"  means any Convertible  Security or
         warrant,  option  or  other  right to  subscribe  for or  purchase  any
         Additional Shares of Common Stock or any Convertible Security.

                  "Conversion  Shares" means the shares of Common Stock issuable
         upon conversion of any Notes.

                  "Convertible  Securities"  means  evidences  of  Indebtedness,
         shares of Capital Stock or other  Securities which are or may be at any
         time convertible  into or exchangeable for Additional  Shares of Common
         Stock.  The term  "Convertible  Security"  means one of the Convertible
         Securities.

                  "Governmental Authority" means any governmental, regulatory or
         self-regulatory   entity,   department,   body,  official,   authority,
         commission, board, agency or instrumentality, whether federal, state or
         local, and whether domestic or foreign.

                  "Holders" mean the Persons who shall from time to time own any
         Warrant. The term "Holder" means one of the Holders.

                  "Independent Appraiser" means a nationally recognized or major
         regional  investment  banking  firm or firm  of  independent  certified
         public  accountants of recognized  standing (which may be the firm that
         regularly  examines  the  financial  statements  of the Issuer) that is
         regularly  engaged in the business of  appraising  the Capital Stock or
         assets of corporations  or other entities as going concerns,  and which
         is not affiliated with either the Issuer or the Holder of any Warrant.

                  "Issuer" means Commercial Concepts,  Inc., a Utah corporation,
         and its successors.

                  "Major  Transaction"  means  the  consummation  of  any of the
         following transactions: (i) the consolidation, merger or other business
         combination  of the Maker with or into a person or entity  (other  than
         (A) pursuant to a migratory  merger  effected solely for the purpose of
         changing  the  jurisdiction  of  incorporation  of the  Maker  or (B) a
         consolidation, merger or other business combination in which holders of
         the Maker's or any of its subsidiaries  voting power  immediately prior
         to the transaction  continue after the transaction to hold, directly or
         indirectly,  the  voting  power of the  surviving  entity  or  entities
         necessary  to elect a majority of the members of the board of directors
         (or their  equivalent  if other than a  corporation)  of such entity or
         entities); (ii) the sale or transfer of all or substantially all of the
         Maker's or any of its subsidiaries  assets; (iii) the consummation of a
         purchase, tender or exchange offer made to the holders of more than 30%
         of the outstanding  shares of Common Stock; or (iv) the  reorganization
         or reclassification of the Issuer's capital stock.

                  "Majority  Holders"  means at any time the Holders of Warrants
         exercisable  for a majority  of the shares of  Warrant  Stock  issuable
         under the Warrants at the time outstanding.

                                       14
<PAGE>

                  "Nasdaq" means the Nasdaq SmallCap Market.

                  "Notes" means the convertible promissory notes issued pursuant
         to the Purchase Agreement.

                  "Original Issue Date" means November __, 2000.

                  "OTC  Bulletin  Board" means the  over-the-counter  electronic
         bulletin board.

                  "Other  Common" means any other Capital Stock of the Issuer of
         any class which shall be  authorized at any time after the date of this
         Warrant  (other  than  Common  Stock) and which shall have the right to
         participate  in the  distribution  of earnings and assets of the Issuer
         without limitation as to amount.

                  "Person" means an individual,  corporation,  limited liability
         company,  partnership,   joint  stock  company,  trust,  unincorporated
         organization,  joint venture, Governmental Authority or other entity of
         whatever nature.

                  "Per Share Market Value" means on any particular  date (a) the
         closing bid price per share of the Common Stock on such date on the OTC
         Bulletin Board or other registered national stock exchange on which the
         Common  Stock is then listed or if there is no such price on such date,
         then the closing bid price on such exchange or quotation  system on the
         date  nearest  preceding  such date,  or (b) if the Common Stock is not
         listed then on the OTC Bulletin Board or any registered  national stock
         exchange,  the  closing  bid price  for a share of Common  Stock in the
         over-the-counter  market,  as reported by the OTC Bulletin  Board or in
         the National Quotation Bureau  Incorporated or similar  organization or
         agency succeeding to its functions of reporting prices) at the close of
         business on such date,  or (c) if the Common Stock is not then reported
         by the OTC Bulletin Board or the National Quotation Bureau Incorporated
         (or similar  organization  or agency  succeeding  to its  functions  of
         reporting prices),  then the average of the "Pink Sheet" quotes for the
         relevant  conversion period, as determined in good faith by the holder,
         or (d) if the Common Stock is not then publicly  traded the fair market
         value  of a share  of  Common  Stock as  determined  by an  Independent
         Appraiser  selected in good faith by the  Majority  Holders;  provided,
         however,  that the Issuer,  after receipt of the  determination by such
         Independent  Appraiser,  shall  have the right to select an  additional
         Independent  Appraiser,  in which case,  the fair market value shall be
         equal to the  average of the  determinations  by each such  Independent
         Appraiser;  and provided,  further that all  determinations  of the Per
         Share  Market  Value  shall be  appropriately  adjusted  for any  stock
         dividends,  stock  splits or other  similar  transactions  during  such
         period.  The  determination  of fair  market  value  by an  Independent
         Appraiser  shall be based  upon the  fair  market  value of the  Issuer
         determined  on a going  concern  basis as between a willing buyer and a
         willing   seller  and  taking  into   account  all   relevant   factors
         determinative  of value, and shall be final and binding on all parties.
         In determining  the fair market value of any shares of Common Stock, no
         consideration  shall be given to any  restrictions  on  transfer of the
         Common Stock  imposed by  agreement  or by federal or state  securities
         laws, or to the existence or absence of, or any  limitations on, voting
         rights.

                                       15
<PAGE>

                  "Purchase  Agreement"  means  the  Note and  Warrant  Purchase
         Agreement  dated as of  November  __,  2000  among the  Issuer  and the
         investors a party thereto.

                  "Registration  Rights  Agreement" has the meaning specified in
         Section 3(e) hereof.

                  "Securities"  means  any  debt  or  equity  securities  of the
         Issuer, whether now or hereafter authorized, any instrument convertible
         into or  exchangeable  for  Securities  or a Security,  and any option,
         warrant or other right to purchase or acquire any Security.  "Security"
         means one of the Securities.

                  "Securities Act" means the Securities Act of 1933, as amended,
         or any similar federal statute then in effect.

                  "Subsidiary"  means  any  corporation  at  least  50% of whose
         outstanding  Voting  Stock  shall  at the  time be  owned  directly  or
         indirectly by the Issuer or by one or more of its  Subsidiaries,  or by
         the Issuer and one or more of its Subsidiaries.

                  "Term" has the meaning specified in Section 1 hereof.

                  "Trading  Day"  means (a) a day on which the  Common  Stock is
         traded on the over the counter  market as reported by the OTC  Bulletin
         Board,  or (b) if the Common  Stock is not  listed on the OTC  Bulletin
         Board,  a day on  which  the  Common  Stock  is  traded  on  any  other
         registered  national stock exchange,  or (c) if the Common Stock is not
         quoted on the OTC  Bulletin  Board,  a day on which the Common Stock is
         quoted in the  over-the-counter  market  as  reported  by the  National
         Quotation Bureau  Incorporated  (or any similar  organization or agency
         succeeding its functions of reporting prices); provided,  however, that
         in the event that the Common Stock is not listed or quoted as set forth
         in (a), (b) and (c) hereof,  then Trading Day shall mean any day except
         Saturday, Sunday and any day which shall be a legal holiday or a day on
         which banking  institutions  in the State of New York are authorized or
         required by law or other government action to close.

                  "Voting  Stock" means,  as applied to the Capital Stock of any
         corporation, Capital Stock of any class or classes (however designated)
         having  ordinary  voting  power for the  election  of a majority of the
         members of the Board of  Directors  (or other  governing  body) of such
         corporation,  other than Capital Stock having such power only by reason
         of the happening of a contingency.

                  "Warrants"  means the Warrants issued and sold pursuant to the
         Purchase Agreement,  including,  without limitation,  this Warrant, and
         any other warrants of like tenor issued in substitution or exchange for
         any thereof  pursuant to the  provisions of Section 2(c),  2(d) or 2(e)
         hereof or of any of such other Warrants.

                  "Warrant  Price" means  $_____,  as such price may be adjusted
         from time to time as shall  result from the  adjustments  specified  in
         this Warrant, including Section 4 hereto.

                                       16
<PAGE>

                  "Warrant Share Number" means at any time the aggregate  number
         of shares of Warrant  Stock  which may at such time be  purchased  upon
         exercise of this Warrant,  after giving effect to all prior adjustments
         and  increases  to such  number  made or  required to be made under the
         terms hereof.

                  "Warrant  Stock" means Common Stock  issuable upon exercise of
         any Warrant or Warrants or otherwise  issuable  pursuant to any Warrant
         or Warrants.

         10. Other Notices. In case at any time:

                                    (A)      the    Issuer    shall   make   any
                                             distributions  to  the  holders  of
                                             Common Stock; or

                                    (B)      the  Issuer  shall   authorize  the
                                             granting  to  all  holders  of  its
                                             Common Stock of rights to subscribe
                                             for  or  purchase   any  shares  of
                                             Capital  Stock  of any  class or of
                                             any  Common  Stock  Equivalents  or
                                             Convertible   Securities  or  other
                                             rights; or

                                    (C)      there shall be any reclassification
                                             of the Capital Stock of the Issuer;
                                             or

                                    (D)      there    shall   be   any   capital
                                             reorganization by the Issuer; or

                                    (E)      there     shall    be    any    (i)
                                             consolidation  or merger  involving
                                             the Issuer or (ii)  sale,  transfer
                                             or  other  disposition  of  all  or
                                             substantially  all of the  Issuer's
                                             property,    assets   or   business
                                             (except    a   merger    or   other
                                             reorganization  in which the Issuer
                                             shall be the surviving  corporation
                                             and its  shares  of  Capital  Stock
                                             shall  continue  to be  outstanding
                                             and    unchanged   and   except   a
                                             consolidation,     merger,    sale,
                                             transfer   or   other   disposition
                                             involving      a       wholly-owned
                                             Subsidiary); or

                                    (F)      there  shall  be  a  voluntary   or
                                             involuntary            dissolution,
                                             liquidation  or  winding-up  of the
                                             Issuer or any  partial  liquidation
                                             of the  Issuer or  distribution  to
                                             holders of Common Stock;

then, in each of such cases,  the Issuer shall give written notice to the Holder
of the date on which (i) the books of the Issuer  shall close or a record  shall
be taken for such dividend,  distribution  or  subscription  rights or (ii) such
reorganization,    reclassification,    consolidation,    merger,   disposition,
dissolution,  liquidation or  winding-up,  as the case may be, shall take place.
Such notice also shall  specify the date as of which the holders of Common Stock
of record shall  participate  in such  dividend,  distribution  or  subscription
rights, or shall be entitled to exchange their certificates for Common Stock for
securities   or   other   property   deliverable   upon   such   reorganization,
reclassification,  consolidation, merger, disposition,  dissolution, liquidation
or  winding-up,  as the case may be. Such notice shall be given at least 20 days

                                       17
<PAGE>

prior to the  action in  question  and not less than 20 days prior to the record
date or the date on which the  Issuer's  transfer  books are  closed in  respect
thereto.  The Issuer shall give to the Holder notice of all meetings and actions
by written consent of its  stockholders,  at the same time in the same manner as
notice of any meetings of  stockholders  is required to be given to stockholders
who do not waive such  notice (or,  if such  requires no notice,  then 2 Trading
Days written  notice  thereof  describing the matters upon which action is to be
taken). The Holder shall have the right to send two (2) representatives selected
by it to each meeting,  who shall be permitted to attend,  but not vote at, such
meeting  and any  adjournments  thereof.  This  Warrant  entitles  the Holder to
receive copies of all financial and other information distributed or required to
be distributed to the holders of the Common Stock.

         11. Amendment and Waiver. Any term, covenant, agreement or condition in
this  Warrant may be amended,  or  compliance  therewith  may be waived  (either
generally   or  in  a   particular   instance   and  either   retroactively   or
prospectively),  by a written instrument or written instruments  executed by the
Issuer and the Majority Holders;  provided,  however,  that no such amendment or
waiver  shall  reduce the Warrant  Share  Number,  increase  the Warrant  Price,
shorten the period  during  which this  Warrant may be  exercised  or modify any
provision of this Section 9 without the consent of the Holder of this Warrant.

         12.  Governing  Law. THIS WARRANT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE  WITH THE LAWS OF THE STATE OF NEW  YORK,  WITHOUT  GIVING  EFFECT TO
PRINCIPLES OF CONFLICTS OF LAW.

         13. Notices.  Any and all notices or other communications or deliveries
required or permitted to be provided  hereunder shall be in writing and shall be
deemed given and  effective on the earlier of (i) the date of  transmission,  if
such  notice or  communication  is  delivered  via  facsimile  at the  facsimile
telephone  number  specified  for notice prior to 5:00 p.m.,  eastern time, on a
Trading Day, (ii) the Trading Day after the date of transmission, if such notice
or  communication  is delivered via facsimile at the facsimile  telephone number
specified for notice later than 5:00 p.m., eastern time, on any date and earlier
than 11:59 p.m., eastern time, on such date, (iii) the Trading Day following the
date of mailing, if sent by nationally  recognized  overnight courier service or
(iv)  actual  receipt by the party to whom such  notice is required to be given.
The  addresses  for such  communications  shall be with respect to the Holder of
this  Warrant or of Warrant  Stock  issued  pursuant  hereto,  addressed to such
Holder at its last known address or facsimile  number  appearing on the books of
the  Issuer  maintained  for  such  purposes,  or with  respect  to the  Issuer,
addressed to:

                  Commercial Concepts, Inc.
                  324 South 400 West, Suite B
                  Salt Lake City, UT 84101
                  Attn: K. Hansen
                  Telephone No.: (801) 328-0540
                  Facsimile No: (801) 328-0542

or to such other address or addresses or facsimile number or numbers as any such
party may most recently have  designated in writing to the other parties  hereto
by such notice.  Copies of notices to the Holder shall be sent to Parker  Chapin

                                       18
<PAGE>

LLP, The Chrysler  Building,  405 Lexington  Avenue,  New York,  New York 10174,
Attention: Christopher S. Auguste, Esq., facsimile no.: (212) 704-6288.

         14. Warrant Agent.  The Issuer may, by written notice to each Holder of
this  Warrant,  appoint an agent having an office in New York,  New York for the
purpose  of issuing  shares of Warrant  Stock on the  exercise  of this  Warrant
pursuant to subsection (b) of Section 2 hereof, exchanging this Warrant pursuant
to  subsection  (d) of Section 2 hereof or replacing  this  Warrant  pursuant to
subsection (d) of Section 3 hereof, or any of the foregoing,  and thereafter any
such  issuance,  exchange or  replacement,  as the case may be, shall be made at
such office by such agent.

         15.  Remedies.  The Issuer  stipulates  that the remedies at law of the
Holder of this Warrant in the event of any default or threatened  default by the
Issuer in the performance of or compliance with any of the terms of this Warrant
are not and will not be adequate and that,  to the fullest  extent  permitted by
law,  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.

         16.  Successors  and  Assigns.  This  Warrant and the rights  evidenced
hereby  shall inure to the  benefit of and be binding  upon the  successors  and
assigns of the Issuer, the Holder hereof and (to the extent provided herein) the
Holders of Warrant Stock issued pursuant hereto, and shall be enforceable by any
such Holder or Holder of Warrant Stock

         17.  Modification and Severability.  If, in any action before any court
or agency  legally  empowered to enforce any  provision  contained  herein,  any
provision  hereof is found to be  unenforceable,  then such  provision  shall be
deemed modified to the extent  necessary to make it enforceable by such court or
agency.  If any such provision is not  enforceable as set forth in the preceding
sentence,  the  unenforceability  of such  provision  shall not affect the other
provisions  of this  Warrant,  but this  Warrant  shall be  construed as if such
unenforceable provision had never been contained herein.

         18.  Headings.  The  headings of the  Sections of this  Warrant are for
convenience of reference  only and shall not, for any purpose,  be deemed a part
of this Warrant.

                                       19
<PAGE>

         IN WITNESS WHEREOF,  the Issuer has executed this Warrant as of the day
and year first above written.

                                            COMMERCIAL CONCEPTS, INC.

                                            By: ______________________________
                                                Name:
                                                Title:

<PAGE>

                                  EXERCISE FORM

                            COMMERCIAL CONCEPTS, INC.

The  undersigned  _______________,  pursuant  to the  provisions  of the  within
Warrant,  hereby  elects to purchase  _____ shares of Common Stock of Commercial
Concepts, Inc. covered by the within Warrant.

Dated: _________________                 Signature   __________________________

                                         Address ______________________________

                                                 ______________________________

                                   ASSIGNMENT

FOR VALUE RECEIVED,  _________________  hereby sells, assigns and transfers unto
__________________  the within Warrant and all rights evidenced thereby and does
irrevocably constitute and appoint _____________, attorney, to transfer the said
Warrant on the books of the within named corporation.

Dated: _________________                 Signature   __________________________

                                         Address ______________________________

                                                 ______________________________

                               PARTIAL ASSIGNMENT

FOR VALUE RECEIVED,  _________________  hereby sells, assigns and transfers unto
__________________  the right to  purchase  _________  shares of  Warrant  Stock
evidenced  by the within  Warrant  together  with all rights  therein,  and does
irrevocably  constitute and appoint  ___________________,  attorney, to transfer
that part of the said Warrant on the books of the within named corporation.

Dated: _________________                 Signature   __________________________

                                         Address ______________________________

                                                 ______________________________

                           FOR USE BY THE ISSUER ONLY:

This Warrant No. W-_____  canceled (or  transferred or exchanged) this _____ day
of  ___________,  _____,  shares of Common Stock issued  therefor in the name of
_______________,  Warrant No.  W-_____ issued for ____ shares of Common Stock in
the name of _______________.

                                       20

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