Document:

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                                                                  EXHIBIT 10(w)

                          RENEWAL LINE OF CREDIT NOTE

$20,000,000.00                Nashville, Tennessee                March 30, 2000

         FOR VALUE RECEIVED, J. ALEXANDER'S CORPORATION (f/k/a VOLUNTEER
CAPITAL CORPORATION) and J. ALEXANDER'S RESTAURANTS, INC. (f/k/a TOTAL QUALITY
MANAGEMENT, INC.), Tennessee corporations (the "Maker"), jointly and severally
promise to pay to the order of BANK OF AMERICA, N.A., SUCCESSOR TO NATIONSBANK,
N.A., SUCCESSOR TO NATIONSBANK OF TENNESSEE, N.A. ("Payee" or "Bank of
America"), the sum of Twenty Million and No/100 Dollars ($20,000,000.00), or as
much thereof as may be outstanding from time to time, together with interest
thereon as set forth below.

         This Note is an amendment and restatement of that certain Line of
Credit Note dated March 27, 1998 from Maker to Payee in the amount of Twenty
Million and No/100 Dollars ($20,000,000.00). Advances under this Note shall be
governed by that certain Loan Agreement dated August 29, 1995, as amended by
that Amendment to Loan Agreement dated March 27, 1998, and as further amended
by that Second Amendment to Loan Agreement of even date herewith ("Loan
Agreement"). Subject to the provisions of the Loan Agreement, Maker may borrow,
repay and reborrow and there is no limit on the number of advances against this
Note as long as the total unpaid principal balance at any time outstanding does
not exceed Twenty Million and No/100 Dollars ($20,000,000.00).

         From the date hereof until the stated maturity of this Note, interest
shall accrue at the LIBOR Rate plus a spread of 2.0%, 2.25%, 2.5% or 3.0%
depending on the Senior Debt Coverage Ratio ("SDCR") as further provided in the
Loan Agreement.

         From the date hereof until the stated maturity of this Note, a
non-usage fee of either .25%, .35% or .50% based upon the daily average unused
amount and based on the SDCR will be paid quarterly in arrears. If the SDCR is
less than or equal to 2.75 but greater than 2.5, the fee will be .50%; if the
SDCR is less than or equal to 2.5 but greater than 2.25, the fee will be .35%;
if the SDCR is less than or equal to 2.25, the fee will be .25%.

         Interest in arrears shall be due and payable on the first (1st) day of
each month beginning on April 1, 2000. All remaining principal and interest
shall become due on July 1, 2001 under the three year revolver, or July 1, 2008
if the option to convert to an additional seven (7) year term loan is
exercised.

         Subject to the provisions contained herein, Maker has the option to
convert this Line of Credit Note to a Term Note. Providing that Borrower is not
then in default hereunder, Borrower may make a written election to convert the
Line of Credit Note to a Term Note any time prior to July 1, 2001. The written
election must be delivered to Payee at least thirty (30) days prior to the
conversion date. After receipt of the election, Payee has sole discretion to
determine what collateral will be required of Maker to provide security for the
term loan. Payee will notify Maker whether or in what manner the

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term loan shall be securitized within fifteen (15) days after receiving the
election. Upon conversion, there will be a conversion fee equal to one-quarter
(1/4) of one percent (1%) of the then outstanding principal balance. The unpaid
principal balance will then be repayable in eighty-four (84) equal monthly
installments of principal with the first principal payment due thirty (30) days
following the conversion date. Interest will continue to be paid monthly at the
same time as the principal payment is due. Interest shall accrue on the Term
Note at the Bank of America Prime Rate, as it may change from time to time or
the LIBOR Rate discussed above or at a fixed rate to be determined by Payee at
the time of receiving the written election. Maker shall specify the interest
rate option (Prime Rate, LIBOR Rate or fixed) to be used in the conversion
election.

         As used herein, the term "Bank of America Prime Rate" shall mean the
fluctuating rate of interest established by Bank of America from time to time
as its "Prime Rate", whether or not such rate shall be otherwise published.
Such Prime Rate is established by Bank of America as an index or base rate and
may or may not at any time be the best or lowest rate charged by Bank of
America on any loan. If at any time or from time to time the Prime Rate
increases or decreases, then the rate of interest hereunder shall be
correspondingly increased or decreased effective on the day on which any such
increase or decrease of the Prime Rate changes, unless otherwise herein
provided. In the event that Bank of America, during the term hereof, shall
abolish or abandon the practice of establishing a Prime Rate, or should the
same become unascertainable, Bank of America shall designate a comparable
reference rate which shall be deemed to be the Prime Rate for purposes hereof.

         For purposes hereof, the "LIBOR Rate" shall mean interest based on the
Eurodollar Daily Floating Rate. The Eurodollar Daily Floating Rate is a
floating rate of interest and will change on and as of the date of a change in
the Eurodollar Daily Floating Rate. The period of time during which the
Eurodollar Daily Floating Rate shall be applicable shall be a Eurodollar Daily
Floating Rate Interest Period. "Eurodollar Daily Floating Rate" shall mean the
fluctuating rate of interest equal to the rate of interest per annum (rounded
upwards, if necessary, to the nearest 1/100 of 1%) appearing on Telerate Page
3750 (or any successor page) as the one month London interbank offered rate for
deposits in Dollars at approximately 11:00 A.M. (London time) on the second
preceding Business Day, as adjusted from time to time in Bank's sole discretion
for then applicable reserve requirements, deposit insurance assessment rates
and other regulatory costs. If for any reason such rate is not available, the
term "Eurodollar Daily Floating Rate" shall mean the fluctuating rate of
interest equal to the rate of interest per annum (rounded upwards, if
necessary, to the nearest 1/100 of 1%) appearing on Reuters Screen LIBO Page as
the one month London interbank offered rate for deposits in Dollars at
approximately 11:00 A.M. (London time) on the second preceding Business Day, as
adjusted from time to time in Bank's sole discretion for then applicable
reserve requirements, deposit insurance assessment rates and other regulatory
costs; provided, however, if more than one rate is specified on Telerate Page
3750 or on Reuters Screen LIBO Page, the applicable rate shall be the
arithmetic mean of all rates on that page.

         Interest hereunder shall be calculated based upon a 360 day year and
actual days elapsed. The interest rate required hereby shall not exceed the
maximum rate permissible under applicable law, and any amounts paid in excess
of such rate shall be applied to reduce the principal amount hereof or shall be
refunded to Maker, at the option of the holder of this Note.

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         All amounts due under this Note are payable at par in lawful money of
the United States of America, at the principal place of business of Payee in
Nashville, Tennessee, or at such other address as the Payee or other holder
hereof (herein "Holder") may direct.

         Any payment not made within fifteen (15) days of its due date will be
subject to assessment of a late charge equal to five percent (5%) of such
payment. Holder's right to impose a late charge does not evidence a grace
period for the making of payments hereunder.

         The occurrence of any of the following shall constitute an event of
default under this Note: (a) the failure of Maker to timely pay any amount due
Holder under this Note or any other obligation to Holder if such failure
continues for ten (10) days after notice of nonpayment from Holder to Maker
provided, however, that should Holder give Maker a notice of nonpayment, then
for the twelve month period following such notice of nonpayment, Holder shall
not be required to give Maker notice of nonpayment and Maker will be in default
if it fails to make a monetary payment within ten (10) days of the due date;
(b) the institution of proceedings by Maker under any state insolvency law or
under any federal bankruptcy law; (c) the institution of proceedings against
Maker under any state insolvency law or under any federal bankruptcy law, if
such proceedings are not dismissed within sixty (60) days; (d) Maker's becoming
insolvent or generally failing to pay its debts as they become due; (e) the
discovery by Holder that Maker has made a material misrepresentation of
financial condition in any written statement made to any present or previous
Holder which remains uncured for thirty (30) days; (f) the instigation of legal
proceedings against Maker for the violation of a material criminal statute; (g)
the issuance of an attachment against property of Maker unless removed, by bond
or otherwise, within ten (10) days; (h) the entry of a judgment against Maker
that remains unsatisfied for thirty (30) days after execution may first issue;
(i) Maker's liquidation or cessation of business; (j) the occurrence of a
default under the terms of any loan agreement, security agreement, deed of
trust, or similar document to which Maker is a party or to which any property
securing this Note is subject which results in the acceleration of an
indebtedness of One Hundred Thousand and 00/100 Dollars ($100,000.00) or more;
or (k) the occurrence of any of the foregoing with regard to any surety,
guarantor, endorser, or other person or entity primarily or secondarily liable
for the payment of the indebtedness evidenced by this Note.

         Upon the occurrence of an event of default, as defined above, Holder
may, at its option and without notice, terminate any obligation to advance
funds under this Note, declare all principal and interest provided for under
this Note, and any other obligations of Maker to Holder, to be presently due
and payable, and Holder may enforce any remedies available to Holder under any
documents securing or evidencing debts of Maker to Holder. Holder may waive any
default before or after it occurs and may restore this Note in full effect
without impairing the right to declare it due for a subsequent default, this
right being a continuing one. Upon default, at Holder's election, the remaining
unpaid principal balance of the indebtedness evidenced hereby and all expenses
due Holder shall bear interest at the interest rate in effect immediately
before the default plus three percent (3%).

         All amounts received for payment of this Note shall be first applied
to any expenses due Holder under this Note or under any other documents
evidencing or securing obligations of Maker to

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Holder, then to accrued interest, and finally to the reduction of principal.
Prepayment of principal or accrued interest may be made, in whole or in part,
at any time without penalty. Any prepayment(s) shall reduce the final
payment(s) and shall not reduce or defer installments next due.

         This Note may be freely transferred by Holder.

         Maker and all sureties, guarantors, endorsers and other parties to
this instrument hereby consent to any and all renewals, waivers, modifications,
or extensions of time (of any duration) that may be granted by Holder with
respect to this Note and severally waive demand, presentment, protest, notice
of dishonor, and all other notices that might otherwise be required by law. All
parties hereto waive the defense of impairment of collateral and all other
defenses of suretyship.

         Maker's performance under this Note is unsecured. There will be a
negative pledge on existing unencumbered assets, as further described in the
Loan Agreement.

         Maker and all sureties, guarantors, endorsers and other parties hereto
agree to pay reasonable attorneys' fees and all court and other costs that
Holder may incur in the course of efforts to collect the debt evidenced hereby
or to protect Holder's interest in any collateral securing the same.

         The validity and construction of this Note shall be determined
according to the laws of Tennessee applicable to contracts executed and
performed within that state. If any provision of this Note should for any
reason be invalid or unenforceable, the remaining provisions hereof shall
remain in full effect.

         The provisions of this Note may be amended or waived only by
instrument in writing signed by the Holder and Maker and attached to this Note.

         Any controversy or claim between or among the parties to this Note or
any related loan or collateral agreements or instruments (collectively, "Loan
Documents"), including any claim based on or arising from an alleged tort,
shall be determined by binding arbitration in accordance with the Federal
Arbitration Act (or if not applicable, the applicable state law), the Rules of
Practice and Procedure for the arbitration of commercial disputes of Judicial
Arbitration and Mediation Services, Inc. (J.A.M.S.), and the "special rules"
set forth below. In the event of any inconsistency, the special rules shall
control. Judgment upon any arbitration award may be entered in any court having
jurisdiction. Any party to the Loan Documents may bring an action, including a
summary or expedited proceeding, to compel arbitration of any controversy or
claim to which this agreement applies in any court having jurisdiction over
such action.

         The following "Special Rules" shall apply. The arbitration shall be
conducted in Nashville, Tennessee and administered by J.A.M.S. who will appoint
an arbitrator; if J.A.M.S. is unable or legally precluded from administering
the arbitration, then the American Arbitration Association will serve. All
arbitration hearings will be commenced within 90 days of the demand for
arbitration; further, the arbitrator shall only, upon a showing of cause, be
permitted to extend the commencement of such hearing for up to an additional 60
days.

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         Nothing in foregoing arbitration shall be deemed to (i) limit the
applicability of any otherwise applicable statutes of limitation or repose and
any waivers contained in the Loan Documents; or (ii) be a waiver by Bank of
America of the protection afforded to it by 12 U.S.C. Sec. 91 or any
substantially equivalent state law; or (iii) limit the rights of Bank of
America under the Loan Documents (a) to exercise self help remedies such as
(but not limited to) set-off, or (b) to foreclose against any real or personal
property collateral, or (c) to obtain from a court provisional or ancillary
remedies such as (but not limited to) injunctive relief, possession of
collateral or the appointment of a receiver. Bank of America may exercise such
self help rights, foreclose upon such property, or obtain such provisional or
ancillary remedies before, during or after the pendency of any arbitration
proceeding brought pursuant to the Loan Documents. At Bank of America's option,
foreclosure under a deed of trust or mortgage may be accomplished by any of the
following: the exercise of a power of sale under the deed of trust or mortgage,
or by judicial sale under the deed of trust or mortgage, or by judicial
foreclosure. Neither this exercise or self help remedies nor the institution or
maintenance of an action for foreclosure or provisional or ancillary remedies
shall constitute a waiver of the right of any party, including the claimant in
any such action, to arbitrate the merits of the controversy or claim
occasioning resort to such remedies.

         Words used herein indicating gender or number shall be read as context
may require.

                              J. ALEXANDER'S CORPORATION
                              (f/k/a VOLUNTEER CAPITAL CORPORATION)

                               By: /s/ R. Gregory Lewis
                                   ---------------------------------------------

                               Title: Vice President and Chief
                                        Financial Officer
                                     -------------------------------------------

                               J. ALEXANDER'S RESTAURANTS, INC.
                               (f/k/a TOTAL QUALITY MANAGEMENT, INC.)

                               By: /s/ R. Gregory Lewis
                                   ---------------------------------------------

                               Title: Vice President - Finance
                                     -------------------------------------------

                                       5<PAGE>   1
                                                                 EXHIBIT 4.14

THIS WARRANT AND THE COMMON STOCK OF WORLD COMMERCE ONLINE, INC., (THE
"COMPANY") ISSUABLE UPON CONVERSION HEREOF (UNTIL SUCH TIME AS SUCH COMMON STOCK
IS REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO AN
EFFECTIVE REGISTRATION STATEMENT) HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, OR ANY OTHER SECURITIES STATUTE, AND NO SALE, TRANSFER,
OR OTHER DISPOSITION OF ANY INTEREST HEREIN MAY BE MADE UNLESS, IN THE WRITTEN
OPINION OF COUNSEL TO THE COMPANY, SUCH TRANSFER WOULD NOT VIOLATE OR REQUIRE
REGISTRATION UNDER ANY SUCH STATUTE.

                                     WARRANT

                           To Purchase Common Stock of

                           WORLD COMMERCE ONLINE, INC.

        This is to certify that, for value received from ANSWERTHINK CONSULTING
GROUP, INC. ("ANSWERTHINK"), a Florida corporation (together with its permitted
assigns, "Holder"), including ANSWERTHINK's assistance in establishing a
business relationship with i2 Technologies, Inc., together with ANSWERTHINK's
acknowledgment of full payment for services rendered as of March 29, 1999,
ANSWERTHINK is hereby granted, as of March 29, 2000 (the "Grant Date"), a
warrant to purchase from World Commerce Online, Inc., a Delaware corporation
(the "Company"), up to 155,000 duly authorized, validly issued, fully-paid and
nonassessable shares (the "Shares") of common stock, par value $.001 per share,
of the Company ("Common Stock"), at the Current Warrant Price (as hereinafter
defined) in lawful money of the United States of America, subject to the terms
and conditions set forth herein. The purchase price hereunder at any time of a
single share of Common Stock is referred to herein as the "Current Warrant
Price." Initially, and until adjustment in the manner hereinafter provided, the
Current Warrant Price with respect to such 155,000 shares shall be $18.00 PER
SHARE. The Warrant shall vest and become exercisable immediately. To the extent
that the Warrant has vested and become exercisable, the Warrant may thereafter
be exercised by the Holder, in whole or in part, at any time or from time to
time prior to four (4) years after the Grant Date.

Except as otherwise specifically provided herein, there shall be no
proportionate or partial vesting in any period prior to each Vesting Date, and
all vesting shall occur only on the appropriate Vesting Date. Upon termination
of the Consulting Agreement, any unvested portion of the Warrant shall terminate
and be null and void. The number of shares of Common Stock purchasable hereunder
and the Current Warrant Price are subject to adjustment from time to time in the
manner provided in Article 3 below. Certain terms in this Warrant are defined in
Article 4 below.

                                    ARTICLE 1
                              EXERCISE OF WARRANTS

         SECTION 1.1. METHOD OF EXERCISE. Subject to the provisions of Article 3
below, to exercise this Warrant in whole or in part, the Holder shall deliver to
the Company at the Warrant Office designated pursuant to Section 2.1: (i) a
written notice, in substantially the form of the Subscription Notice appearing
at the end of this Warrant, of such Holder's election to exercise this Warrant,
which notice shall specify the number of shares of Common Stock to be purchased;
(ii) a certified or official bank check payable to the order of the Company in
an amount equal to the aggregate Current Warrant Price of the number of shares
of Common Stock being purchased; and (iii) this Warrant. The Company shall as
promptly as practicable, and in any event within 10 days after receipt by the
Company of such

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notice, execute and deliver or cause to be executed and delivered, in accordance
with said notice, a certificate or certificates representing the aggregate
number of shares of Common Stock specified in said notice. The stock certificate
or certificates so delivered shall be in the denomination as may be specified in
said notice and shall be issued in the name of such holder or such other name as
shall be designated in said notice. Such certificate or certificates shall be
deemed to have been issued and such holder or any other person so designated to
be named therein shall be deemed for all purposes to have become a holder of
record of such shares as of the date the consideration specified for such shares
is received by the Company as aforesaid. If this Warrant shall have been
exercised only in part, the Company shall, at the time of delivery of said
certificate or certificates, deliver to such holder a new Warrant evidencing the
rights of such holder to purchase the remaining shares of Common Stock called
for by this Warrant, which new Warrant shall in all other respects be identical
with this Warrant, or, at the request of such holder, appropriate notation may
be made on this Warrant and the same returned to such holder. The Company shall
pay all expenses, taxes and other charges payable in connection with the
preparation, issuance and delivery of such stock certificates and any new
Warrant, except that, in case such stock certificates or new Warrant shall be
registered in a name or names other than the name of the holder of this Warrant,
funds sufficient to pay all stock transfer taxes which shall be payable upon the
issuance of such stock certificate or certificates or any new Warrant shall be
paid by the holder hereof at the time of delivering the notice of exercise
mentioned above or promptly upon receipt of a written request of the Company for
payment of the same.

         SECTION 1.2. WARRANT SHARES TO BE FULLY PAID AND NONASSESSABLE. All
shares of Common Stock issued upon the exercise of this Warrant shall be validly
issued, fully paid and nonassessable and, if the Common Stock is then listed on
a securities exchange, shall be duly listed thereon, subject to registration
under the Exchange Act.

         SECTION 1.3. NO FRACTIONAL SHARES TO BE ISSUED, The Company shall not
be required upon any exercise of this Warrant to issue a certificate
representing any fraction of a share of Common Stock, but, in lieu thereof,
shall pay Holder cash in an amount equal to a corresponding fraction (calculated
to the nearest 1/100 of a share) of the Current Market Price of one share of
Common Stock as of the date of receipt by the Company of notice of exercise of
this Warrant.

         SECTION 1.4. LEGEND ON WARRANT SHARES. Each certificate for shares
initially issued upon exercise of this Warrant, unless at the time of exercise
such Warrant Shares are registered under the Act, shall bear a legend in
substantially the following form (and any additional legend required by any
securities exchange upon which such Warrant Shares may, at the time of such
exercise, be listed) on the face thereof:

         "The securities represented by this certificate have not been
registered under the Securities Act of 1933, as amended, or the laws of any
state and may not be sold or otherwise transferred except pursuant to an
effective registration statement or the written opinion of counsel to World
Commerce Online, Inc., that such registration is not required.

         Any certificate issued at any time in exchange or substitution for any
certificate bearing such legend (except a new certificate issued upon completion
of: (i) a public distribution pursuant to a registration statement; or (ii) an
exempt sale pursuant to Rule 144 or Rule 144A under the Act of the securities
represented thereby) shall also bear such legend.

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                                    ARTICLE 2
                       WARRANT OFFICE; OWNERSHIP, TRANSFER
                                   OF WARRANT

         SECTION 2.1. WARRANT OFFICE. The Company shall maintain an office for
certain purposes specified herein (the "Warrant Office"), which office shall
initially be the Company's office at 9677 Tradeport Drive, Orlando, Florida
32827, and may subsequently be such other office of the Company or of any
transfer agent of the Common Stock in the continental United States as to which
written notice has previously been given to all of the Warrantholders.

         SECTION 2.2. OWNERSHIP OF WARRANT. The Company may deem and treat the
person in whose name this Warrant is initially registered as the holder and
owner hereof (notwithstanding any notations of ownership or writing hereon made
by anyone other than the Company) for all purposes and shall not be affected by
any notice to the contrary, until presentation of evidence satisfactory to the
Company that this Warrant has been transferred as provided in Section 2.3.

         SECTION 2.3. TRANSFER OF WARRANT. This Warrant and all rights hereunder
may not be alienated, assigned, pledged or otherwise transferred, in whole or in
part, other than by Holder to an Affiliate of Holder, and any attempt to make
any transfer other than by Holder to an Affiliate shall be null and void. The
term "Affiliate" shall mean, with respect to Holder, any other entity that,
directly or indirectly through one or more intermediaries, controls, is
controlled by, or is under common control with, such Holder.

                                    ARTICLE 3
                            ANTI-DILUTION PROVISIONS

         SECTION 3.1. ADJUSTMENT OF CURRENT WARRANT PRICE AND NUMBER OF SHARES
PURCHASABLE. The Current Warrant Price and the number of shares of Common Stock
purchasable upon the exercise of each Warrant shall be subject to adjustment
from time to time as hereinafter provided in this Article 3. Upon each
adjustment of the Current Warrant Price, the holder of this Warrant shall
thereafter be entitled to purchase at the Current Warrant Price resulting from
such adjustment, the number of shares (calculated to the nearest whole share) of
Common Stock calculated by multiplying the Current Warrant Price in effect
immediately prior to such adjustment by the number of shares purchasable
pursuant hereto immediately prior to such adjustment and dividing the product
thereof by the Current Warrant Price resulting from such adjustment.

         SECTION 3.2. EFFECT OF "SPLIT-UPS" AND STOCK DIVIDENDS. In case at any
time or from time to time the Company shall subdivide or combine as a whole, by
reclassification, by the issuance of a stock dividend on the Common Stock
payable in Common Stock, or otherwise, the number of shares of Common Stock then
outstanding into a greater or lesser number of shares of Common Stock, with or
without par value, the Current Warrant Price shall be reduced or increased (as
applicable) proportionately. The issuance of such a stock dividend shall be
treated as a subdivision of the whole number of shares of Common Stock
outstanding immediately prior to such dividend into a number of shares equal to
such whole number of shares so outstanding plus the number of shares issued as a
stock dividend. Upon any such adjustment, the number of shares shall be rounded
upward to the nearest whole share.

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                                    ARTICLE 4
                               CERTAIN DEFINITIONS

         For all purposes of this Warrant, unless the context otherwise
requires, the following terms shall have the following respective meanings:

         "Act": the Securities Act of 1933, as amended from time to time, or any
successor federal statute, and the rules and regulations of the Commission
thereunder, all as the same shall be in effect at the time.

         "Commission": the Securities and Exchange Commission, or any other
federal agency then administering the Act.

         "Current Market Price": the "Closing Price" (as defined below) of the
Common Stock on the last business day immediately preceding any date of
reference. For the purpose of determining Current Market Price, the "Closing
Price" of the Common Stock on any business day shall be: (i) if the Common Stock
is listed or admitted for trading on any United States national securities
exchange, the last reported sale price of Common Stock on such exchange; (ii) if
the Common Stock is listed or admitted for trading on any tier of The Nasdaq
Stock Market, the last reported sale price of Common Stock on such tier; or
(iii) if the Common Stock is traded in the over-the-counter market, the average
of the closing bid and asked prices for the Common Stock as quoted on the OTC
Bulletin Board.

         "Current Warrant Price" (per share of Common Stock at any date): the
price at which one share of Common Stock may be purchased hereunder at any time.
The Current Warrant Price is subject to adjustment from time to time pursuant to
Article 3 above.

         "Exchange Act": the Securities Exchange Act of 1934, as amended from
time to time, or any successor federal statute, and the rules and regulations of
the Commission thereunder.

         "Outstanding": when used with reference to Common Stock at any date,
all issued shares of Common Stock (including, but without duplication, shares
deemed issued pursuant to Article 3 above) at such date, except shares then held
in the treasury of the Company.

         "Person": an individual, corporation, partnership, joint venture, trust
estate, unincorporated organization or government or an agency or political
subdivision thereof.

         "Total Warrants": the sum of the aggregate number of shares of: (i)
Common Stock purchasable by the holder(s) upon exercise of the Warrant then
outstanding; and (ii) Warrant Shares which had been issued pursuant to the
exercise the Warrant.

         "Warrant Office":  see Section 2.1 above.

         "Warrant Shares": the shares of Common Stock purchasable or purchased
by the Warrantholder upon the exercise of the Warrant.

         "Warrantholder": the registered holder of the Warrant or any related
Warrant Shares.

         "Warrant": the warrant issued by the Company hereunder evidencing the
right to purchase an aggregate of 155,000 shares of Common Stock and all
warrants issued in substitution or subdivision hereof.

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<PAGE>   5

                                    ARTICLE 5
                        CERTAIN COVENANTS OF THE COMPANY

         The Company represents, warrants, covenants and agrees that:

         (a) It will reserve and set apart and have at all times, free from
preemptive rights, a number of shares of authorized but unissued Common Stock or
other securities or property deliverable upon the exercise of this Warrant
sufficient to enable it at any time to fulfill all its obligations thereunder;

         (b) Before taking any action which would cause an adjustment reducing
the Current Warrant Price below the then par value of the shares of Common Stock
issuable upon exercise of this Warrant, it will take any corporate action which
may be necessary in order that the Company may validly and legally issue fully
paid and nonassessable shares of such Common Stock at such adjusted Current
Warrant Price;

         (c) If any shares of Common Stock required to be reserved for the
purposes of the exercise of this Warrant require registration with or approval
of any governmental authority under any federal law (other than the Act) or
under any state law before such shares may be issued upon exercise of this
Warrant, the Company will, at its expense, as expeditiously as possible, cause
such shares to be duly registered or approved, as the case may be;

         (d) This Warrant shall be binding upon any corporation succeeding to
the Company by merger, consolidation or acquisition of all or substantially all
of the Company's assets.

                                    ARTICLE 6
                         CERTAIN COVENANTS OF THE HOLDER

         The Holder represents, warrants, covenants and agrees that:

         (a) This transaction is exempt from the Act and, accordingly neither
the Warrant nor the Warrant Shares have been registered under the Act; they are
acquiring the Warrant and Warrant Shares for investment purposes only and not
with a view to or for resale in connection with any distribution of the Warrant
or Warrant Shares, nor with any present intention of distribution (within the
meaning of the Act) of the Warrant or Warrant Shares; because the Warrant and
Warrant Shares will not have been registered under the Act, the Company will not
permit the transfer of such shares without registration under the Act, or upon
the issuance to the Company of a favorable opinion of its counsel to the effect
that such transfer, whether pursuant to Rule 144 of the Act or otherwise, shall
not be in violation of the Act, and any applicable state security laws; and the
share certificates representing the Warrant Shares will be issued with a
restrictive legend providing notice of such restriction;

         (b) Holder has had an opportunity to ask questions of, and receive
answers from, appropriate officers and representatives of the Company concerning
the terms and conditions of the issuance of this Warrant and the Warrant Shares
and to obtain any additional information concerning the Company which they have
requested; and

         (c) The Company has made available for inspection by them various
documents connected with the Company's business and has not refused in any way
to permit them to inspect any document requested by them to be inspected.

                                       5
<PAGE>   6

                                    ARTICLE 7
                                     NOTICE

        Any notice or other document required to be given or delivered to the
Warrantholder shall be delivered at, or sent by certified or registered mail to
Holder at the last address shown on the books of the Company maintained at the
Warrant Office for the registration of the Warrants or at any more recent
address of which Warrantholder shall have notified the Company in writing. Any
notice or other document required or permitted to be given or delivered to
holders of record of outstanding Warrant Shares shall be delivered at, or sent
by certified or registered mail to, each such holder at such holder's address as
the same appears on the stock records of the Company. Any notice or other
document required or permitted to be given or delivered to the Company, other
than such notice or documents required to be delivered to the Warrant Office,
shall be delivered at, or sent by certified or registered mail to, the office of
the Company at 9677 Tradeport Drive, Orlando, Florida 32827, or such other
address within the United States of America as shall have been furnished by the
Company to the Warrantholders and the holders of record of Warrant Shares. Any
notice or other document sent by certified or registered mail, return receipt
requested, shall be deemed to have been delivered and received when sent if the
receipt is appropriately completed and returned. Notices or documents delivered
in any other manner than as set forth above shall be deemed to have been
delivered only when and if received.

                                    ARTICLE 8
                            LIMITATIONS OF LIABILITY;
                                NOT STOCKHOLDERS

        No provision of this Warrant shall be construed as conferring upon the
holder hereof the right to vote, consent, receive dividends or receive notice
other than as herein expressly provided in respect of meetings of stockholders
for the election of directors of the Company or any other matter whatsoever as a
stockholder of the Company. No provision hereof, in the absence of affirmative
action by the holder hereof to purchase shares of Common Stock, and no mere
enumeration herein of the rights or privileges of the holder hereof, shall give
rise to any liability of such holder for the purchase price of any Warrant
Shares or as a stockholder of the Company, whether such liability is asserted by
the Company or by creditors of the Company.

                                    ARTICLE 9
                       LOSS, DESTRUCTION, ETC. OF WARRANTS

        Upon receipt of evidence satisfactory to the Company of the loss, theft,
mutilation or destruction of any Warrant, and in the case of any such loss,
theft or destruction upon delivery of a bond of indemnity in such form and
amount as shall be reasonably satisfactory to the Company, or in the event of
such mutilation upon surrender and cancellation of the Warrant, the Company will
make and deliver a new Warrant, of like tenor, in lieu of such lost, stolen,
destroyed or mutilated Warrant. Any Warrant issued under the provisions of this
Article 9 in lieu of any Warrant alleged to be lost, destroyed or stolen, or in
lieu of any mutilated Warrant, shall constitute an original contractual
obligation on the part of the Company.

                                       6
<PAGE>   7

                                   ARTICLE 10
                                  LAW GOVERNING

         This Warrant shall be governed by, and construed and enforced in
accordance with, the law of the State of Florida, without reference to its
choice of law principles.

         IN WITNESS WHEREOF, the Company has caused this Warrant to be signed in
its name effective as of the 29th day of March, 2000.

                               WORLD COMMERCE ONLINE, INC.

                               By: /s/      Robert Shaw
                                   --------------------------------
                                   Robert Shaw
                                   President and Chief Executive Officer

                                       7
<PAGE>   8

                               SUBSCRIPTION NOTICE

World Commerce Online, Inc.

        The undersigned, the holder of the foregoing Warrant, hereby elects to
exercise purchase rights represented by said Warrant for, and to purchase
thereunder, _______ shares of the Common Stock covered by said Warrant and (a)
herewith makes payment in full therefor of $___________ by certified or official
bank check payable to the order of the Company; and (b) requests (1) that
certificates for such shares (and any securities or other property issuable upon
such exercise) be issued in the name of and delivered to
___________________________________________________________, whose address is
________________________________ and (2) if such shares shall not include all of
the shares issuable as provided in said Warrant, that a new Warrant of like
tenor and date for the balance of the shares issuable thereunder be delivered to
the undersigned.

                                             ----------------------------------
                                             Signature Guaranteed:

Dated:
      ----------------------------

                                       8

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