Document:

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                                                                     EXHIBIT 4.4

                         COMMON STOCK PURCHASE AGREEMENT

         THIS COMMON STOCK PURCHASE AGREEMENT (the "Agreement") is made as of
June 2 2000 by and among AFFINITY TECHNOLOGY GROUP, INC., a Delaware corporation
(the "Company"), and REDMOND FUND, INC., a Nevada corporation (the "Purchaser").

                                    RECITALS

         WHEREAS, the Company desires to sell and Purchaser desires to purchase
the number of shares of common stock of the Company (hereinafter referred to
individually as a "Share" and collectively as the "Shares") with an aggregate
purchase price of $500,000 (the "Purchase Amount") on the terms and conditions
stated herein.

         WHEREAS, the Company desires to sell and the Purchaser desires to
purchase additional blocks of shares of common stock of the Company ("Option
Shares"), from time to time, at the election of the Company, with an aggregate
purchase price of up to $3,750,000 (the "Aggregate Option Amount") on the terms
and conditions stated herein.

         WHEREAS, in connection with the purchase of Shares and Option Shares,
the Company has agreed to issue certain warrants (the "Warrants") to the
Purchaser.

                                    AGREEMENT

         NOW, THEREFORE, in consideration of the mutual covenants, agreements,
representations and warranties contained in this Agreement, the parties hereby
agree as follows:

                                   SECTION 1

                AUTHORIZATION AND SALE OF SHARES, INITIAL WARRANT

         1.1      Authorization. On or before the Closing (as defined in Section
2.1 below), the Company will authorize the sale and issuance of the number of
Shares sold pursuant to Section 1.2 below.

         1.2      Sale of the Shares. Subject to the terms and conditions of
this Agreement, at the Closing, Purchaser shall purchase from the Company, and
the Company shall sell and issue to Purchaser, the number of shares of Common
Stock obtained by dividing the Purchase Amount by the Purchase Price (as defined
in Section 1.3 below).

         1.3      Purchase Price. The purchase price (the "Purchase Price") for
the Shares shall be the lesser of (i) the current market price, calculated as
the closing sale price for the common stock of the Company on the business day
immediately prior to the Closing Date (as defined in Section 2.1 ) as reported
on the Nasdaq SmallCap Market, or (ii) $1.25 per Share; provided that if such
current market price per Share is less than $1.00, the Purchase Price shall be
$1.00 per Share.

         1.4      Warrants to Purchase Common Stock. In connection with the
purchase of the Shares in this Section 1, at Closing the Company shall issue to
the Purchaser, as additional consideration for the purchase of the Shares, a
warrant, substantially in the form of Exhibit A attached hereto (the "Initial
Warrant"), to purchase the same number of shares of common stock of the Company
as are issued and sold by the Company to the Purchaser pursuant to Section 1.2
above. The Initial Warrant shall be exercisable at a purchase price equal to
133% of the Purchase Price of the Shares; provided that such exercise shall take
place, if at all, within two years from the Closing Date.

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                                   SECTION 2

                      CLOSING DATE, DELIVERY OF THE SHARES

         2.1      Closing Date. The closing of the purchase of the Shares by
Purchaser shall be held at the offices of the Company at 1201 Main Street, 20th
Floor, Suite 2080, Columbia, South Carolina (the "Closing") on June 5, 2000,
(the "Closing Date") or at such other place or time upon which the Company and
the Purchaser shall agree.

         2.2      Delivery. At Closing, the Company will deliver to Purchaser a
certificate or certificates, registered in the Purchaser's name, representing
the Shares to be issued to Purchaser at Closing. At the Closing, delivery of the
certificates for the Shares will be made against delivery to the Company of the
aggregate Purchase Price therefore by (i) certified check payable to the Company
or (ii) wire transfer of immediately available funds according to the Company's
instructions.

                                   SECTION 3

            AUTHORIZATION AND SALE OF OPTIONS SHARES, OPTION WARRANTS

         3.1      Authorization. On or before each Option Closing (as defined in
Section 4.1 below), Company will authorize the sale and issuance of the number
of Option Shares sold pursuant to 3.2 below at such Option Closing.

         3.2      Sale of Option Shares. Purchaser shall purchase at each Option
Closing, and Company shall sell and issue to Purchaser at each Option Closing,
the number of shares of Common Stock obtained by dividing the Option Amount (as
defined in Section 3.4 below) by the Option Purchase Price (as defined in
Section 3.3).

         3.3      Option Purchase Price. The purchase price (the "Option
Purchase Price") for each Option Share shall be the lesser of (i) the current
market price, calculated as the closing sale price for the common stock of the
Company on the business day immediately prior to the Option Closing Date (as
defined in Section 4.1) as reported on the Nasdaq SmallCap Market or other
automated quotation system (if shares of such stock are not traded on the Nasdaq
SmallCap Market at such time), or (ii) $1.50 per Option Share.

         3.4      Option Amount. The Company may request that the Purchaser
purchase Option Shares (each incremental exercise referred to as a "Put Option")
in increments of not less than $500,000 or more than $1,000,000 ("Option
Amount"), up to the Aggregate Option Amount; provided that the Company shall not
exercise a Put Option to the extent that it would result in the Purchaser
acquiring, under this Agreement, shares of Common Stock and Warrants to acquire
additional shares of Commons stock which would aggregate more than 19.99% of the
Company's outstanding shares of common stock as of the date hereof, unless
otherwise agreed by the parties hereto.

         3.5      Exercise. For a period of twelve months after the Closing
Date, the Company may exercise its Put Options subject to the following
conditions:

         (a)      Notice. The Company shall provide the Purchaser with written
notice of exercise of a Put Option which shall include the Option Amount.

         (b)      Time. A Put Option may be exercised only after all the Shares
or Option Shares previously purchased by the Purchaser shall have been
registered for sale by the Purchaser pursuant to an S-3 Registration (as defined
in Section 5 below). Without modifying the effect of the preceding sentence,
subsequent Put Options may only be exercised only after the S-3 Registration
regarding the Option Shares issued in the previous Put Option has been declared
effective, unless otherwise agreed by the Company and the Purchaser.

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         3.6      Warrants to Purchase Common Stock. In connection with each
purchase of the Option Shares in this Section 3, at the Option Closing the
Company shall issue to the Purchaser, as additional consideration for the
purchase of such Option Shares, a warrant substantially in the form of Exhibit A
attached hereto (the "Option Warrant"), to purchase the same number of shares of
common stock of the Company as is sold pursuant to Section 3.2 above at such
Option Closing. The Option Warrant shall be exercisable at a purchase price
equal to 133% of the Option Purchase Price for the Option Shares issued at such
Option Closing; provided that such exercise shall take place, if at all, within
two years from such Option Closing Date.

                                   SECTION 4

               OPTION CLOSING DATES, DELIVERY OF THE OPTION SHARES

         4.1      Option Closing. The closing of each purchase, if any, of the
respective Option Shares by the Purchaser ("Option Closing") shall be held at a
place and time upon which the Company and the Purchaser shall agree ("Option
Closing Date"); provided that the Option Closing Date shall occur no later than
ten days after the Company provides the Purchaser with notice in accordance with
Section 3.5(a) above.

         4.2      Delivery. At each respective Option Closing, the Company will
deliver to Purchaser a certificate or certificates, registered in the
Purchaser's name, representing the Option Shares to be issued to Purchaser at
such Option Closing. At each respective Option Closing, delivery of the
certificates for the Option Shares will be made against delivery to the Company
of the aggregate Option Purchase Price therefore by (i) certified check payable
to the Company or (ii) wire transfer of immediately available funds according to
the Company's instructions.

                                   SECTION 5

                                S-3 REGISTRATION

         5.1      S-3 Registration. Upon the written request of the Purchaser,
within fourteen days after the Closing and within seven days after each
respective Option Closing, the Company shall prepare and file with the
Securities and Exchange Commission a registration statement covering the Shares,
Option Shares and shares of Common Stock that may be acquired by the Purchaser
under the Initial Warrant or Option Warrant, as the case may be, issued by the
Company to the Purchaser at such Closing or Option Closing, as the case may be.
Such registration statement may be on Form S-3 or such other form as shall be
available to the Company ("S-3 Registration"). The Company shall use all
commercially reasonable efforts to cause each such registration statement to
become effective within 45 days after the filing thereof.

         5.2      Registration Expenses. The Company shall bear all expenses
incurred in connection with the preparation and filing of the S-3 Registration.

                                   SECTION 6

                  REPRESENTATIONS AND WARRANTIES OF THE COMPANY

         Except as set forth in the Schedule of Exceptions set forth in Exhibit
B attached to this Agreement, the Company hereby represents and warrants to the
Purchaser as follows:

         6.1      Corporate Organization and Authority. The Company is a
corporation duly organized and existing under and is in good standing under the
laws of the State of Delaware. The Company is qualified to do business in South
Carolina, has the corporate power and corporate authority to own and operate its
properties and to carry on its business as now conducted and as proposed to be
conducted and is

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qualified to do business as a foreign corporation in each jurisdiction required
where a failure to so qualify would have a material adverse effect on the
Company.

         6.2      Capitalization. As the date hereof, the Company has authorized
capital consisting of (i) 60,000,000 shares of common stock, par value $.0001
per share, of which 30,022,893 shares are issued and outstanding, and (ii)
5,000,000 shares of preferred stock, par value $.0001 per share, none of which
are issued and outstanding.

         6.3      Governmental Consents. Other than the filing and effectiveness
of the S-3 Registration, no consent, approval order or authorization of or
registration, qualification, designation, declaration or filing with or
exemption by any court, administrative agency or commission or other federal,
state or local governmental authority or instrumentality, whether domestic or
foreign, is required by or with respect to Company in connection with the
execution of this Agreement or the consummation by Company of the transactions
contemplated hereby.

         6.4      Authorization. All corporate action on the part of the
Company, its officers, directors and stockholders necessary for the
authorization, execution, delivery and performance of all obligations under this
Agreement and for the sale, issuance and delivery of the Shares has been taken
or will be taken prior to the Closing. This Agreement, when executed and
delivered by the Company, will constitute the legally binding and valid
obligation of the Company, enforceable in accordance with its terms.

         6.5      Validity of Shares. The Shares, when issued, sold and
delivered in accordance with the terms and for the consideration expressed in
this Agreement, shall be duly and validly issued (including, without limitation,
issued in compliance with applicable federal and state securities laws, assuming
the accuracy of the representations and warranties of the Purchaser set forth
herein), fully-paid and non-assessable and free and clear of all liens and
encumbrances (other than those, if any, created or imposed by the Purchaser).

         6.6      Financial Statements. The financial statements included in the
1999 Annual Report on Form 10-K and the Quarterly Report on Form 10-Q for the
quarter ended March 30, 2000 filed by the Company accurately reflect, in all
material respects, the financial position of the Company as of the respective
dates of such financial statements.

         6.7      Intellectual Property. The Company has sufficient title and
ownership of, or license rights to, all patents, trademarks, service marks,
trade names, copyrights and trade secrets ("Intellectual Property") that are
material and necessary for the operation of its business as presently conducted.
The Company has not received any material communications alleging that the
Company has violated or by conducting its business would violate any of the
patents, trademarks, service marks, trade names, copyrights, trade secrets or
other intellectual property rights of any other person or entity. The Company
has not granted any license or option or entered into any agreement of any kind
with respect to the use of the Intellectual Property owned by it, other than
licenses and sales of its products and services made in the ordinary course of
its business. Other than the disclosed third party request for re-examination of
U.S. Patents Nos. 580721 and 5940811, the Company has not received notice that
any third party has interfered with, infringed upon, misappropriated, or
otherwise come into conflict with any Intellectual Property rights of the
Company. The Company has taken all necessary action to maintain and protect the
Intellectual Property it owns or uses.

         6.8      Litigation. There is no claim, action, suit or proceeding
pending, or to the knowledge of the Company threatened, which is reasonably
expected to have a material adverse effect on the Company.

         6.9      No Material Adverse Change. Since the filing of the last
Quarterly Report of the Company, the Company has conducted its business in the
ordinary course and there has not been any material adverse change to the
business of the Company.

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         6.10     Recent Transactions. The Company has not engaged in the last
three months in any substantive and meaningful discussion (i) with any
representative of any corporation or corporations regarding the consolidation or
merger of the Company with or into any such corporation or corporations, (ii)
with any corporation, partnership, association or other business entity or any
individual regarding the sale, conveyance or disposition of all or substantially
all of the assets of the Company or a transaction or series of related
transactions in which more than fifty percent (50%) of the voting power of the
Company is disposed of, or (iii) regarding any similar form of acquisition,
liquidation, dissolution or winding up of the Company.

         6.11     Disclosure. This Agreement, the schedules and exhibits
attached hereto and any other written statements or certificates provided to the
Purchaser pursuant to the terms hereof do not contain any untrue statement of a
material fact or omit to state a material fact necessary to make the statements
made herein or therein not misleading.

                                   SECTION 7

                 REPRESENTATIONS AND WARRANTIES OF THE PURCHASER

         Purchaser hereby represents and warrants to the Company as follows:

         7.1      Experience. Purchaser has substantial experience in evaluating
and investing in private placement transactions so that Purchaser is capable of
evaluating the merits and risks of Purchaser's investment in the Company.
Purchaser, by reason of its business or financial experience or the business or
financial experience of its professional advisors who are unaffiliated with and
who are not compensated by the Company or any affiliate or selling agent of the
Company, directly or indirectly, has the capacity to protect its own interests
in connection with the purchase of the shares of common stock under this
Agreement. Purchaser is an "accredited investor," as such term is defined under
the Securities Act of 1933, as amended (the "Securities Act").

         7.2      Investment. Purchaser is acquiring the Shares for investment
in accordance with this Agreement, for Purchaser's own account, not as a nominee
or agent for any other person, and not with the view to, or for resale in
connection with, any distribution thereof. Purchaser has not been formed for the
specific purpose of acquiring the Shares. The Purchaser understands that the
shares of common stock issuable hereunder and under the Warrants have not been
registered under the Securities Act or any state securities laws, by reason of
their issuance by the Company in a transaction exempt from the registration
requirements thereof, and that they may not be transferred, sold or disposed of
unless such transaction is registered under the Securities Act and applicable
securities laws or there is an exemption from registration available. A legend
setting forth the above restrictions shall be placed on the certificate
evidencing the Shares and the Option Shares.

         7.3      Access to Data. Purchaser and its representatives have met
with representatives of the Company and have had the opportunity to ask
questions of, and receive answers from, said representatives concerning the
Company and the terms and conditions of this transaction as well as to obtain
any information requested by Purchaser. Any questions raised by Purchaser or its
representatives concerning the transaction have been answered to the
satisfaction of Purchaser and its representatives. Purchaser's decision to
purchase the Shares is based on its own evaluation of the risks and merits of
the purchase and the Company's proposed business activities.

         7.4      Organization; Authorization. Purchaser is a corporation duly
organized and existing and is in good standing under the laws of the State of
Nevada. All corporate action on the part of Purchaser, its officers, directors
and stockholders necessary for the authorization, execution, delivery and
performance of all obligations under this Agreement and for the purchase of
shares of common stock hereunder have been taken. No consent, approval order or
authorization of or registration, qualification, designation, declaration or
filing with or exemption by any court, administrative agency or commission or
other federal, state or local governmental authority or instrumentality, whether
domestic or foreign, is required by or with respect to Purchaser in connection
with the execution of this Agreement or the

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consummation by Purchaser of the transactions contemplated hereby. This
Agreement when executed and delivered by the Purchaser will constitute a valid
and legally binding obligation of the Purchaser, enforceable in accordance with
its terms.

                                   SECTION 8

                       CONDITIONS TO CLOSING OF PURCHASER

         Purchaser's obligation to purchase the Shares at the Closing is, at the
option of the Purchaser, subject to the fulfillment or waiver as of the Closing
Date of the following conditions:

         8.1      Representations and Warranties Correct. The representations
and warranties made by the Company in Section 6 of this Agreement shall be true
and correct in all material respects when made, and shall be true and correct in
all material respects on the Closing Date with the same force and effect as if
they had been made on and as of said date.

         8.2      Covenants. All covenants, agreements and conditions contained
in this Agreement to be performed by the Company on or prior to the Closing Date
shall have been performed or complied with in all material respects.

                                   SECTION 9

                        CONDITIONS TO CLOSING OF COMPANY

         The Company's obligation to sell and issue the Shares and the Initial
Warrant at the Closing is, at the option of the Company, subject to the
fulfillment or waiver of the following conditions:

         9.1      Representations and Warranties Correct. The representations
and warranties made by Purchaser in Section 7 of this Agreement shall be true
and correct in all material respects when made, and shall be true and correct in
all material respects on the Closing Date with the same force and effect as if
they had been made on and as of said date.

         9.2      Covenants. All covenants, agreements and conditions contained
in this Agreement to be performed by the Purchaser on or prior to the Closing
Date shall have been performed or complied with in all material respects.

                                   SECTION 10

                    CONDITIONS TO OPTION CLOSING OF PURCHASER

         Purchaser's obligation to purchase the Option Shares at the Option
Closing is, at the option of the Purchaser, subject to the fulfillment or waiver
as of the Option Closing Date of the following conditions:

         10.1     Due Diligence. The Purchaser shall have completed its due
diligence investigations, which due diligence shall be completed within ninety
days from the date hereof, for the purpose of determining whether it desires to
make further investments in the Company. The outcome of such due diligence
investigation shall be satisfactory to the Purchaser. Unless the Purchaser shall
have otherwise notified the Company in writing on or before the 90th day after
the date hereof, this condition shall be deemed to be satisfied.

         10.2     S-3 Registration. The S-3 Registration, pursuant to Section 5,
for all previously issued Shares, Option Shares and share of common stock
covered by all previously issued Warrants shall have been effected.

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         10.3     Representations and Warranties Correct. The Company shall
deliver a certificate to the Purchaser, signed by a duly authorized officer,
stating that the representations and warranties made by the Company in Section 6
of this Agreement were true and correct in all material respects when made, and
are still true and correct in all material respects on the Option Closing Date
with the same force and effect as if they had been made on and as of said date.

         10.4     Covenants. All covenants, agreements and conditions contained
in this Agreement to be performed by the Company on or prior to the Option
Closing Date shall have been performed or complied with in all material
respects.

                                   SECTION 11

                     CONDITIONS TO OPTION CLOSING OF COMPANY

         The Company's obligation to sell and issue the Option Shares and the
Option Warrants at each Option Closing is, at the option of the Company, subject
to the fulfillment or waiver of the following conditions:

         11.1     Representations and Warranties Correct. The Purchaser shall
deliver a certificate to the Company, signed by a duly authorized officer,
stating that the representations and warranties made by Purchaser in Section 7
of this Agreement were true and correct in all material respects when made, and
are still true and correct in all material respects on each Option Closing Date
with the same force and effect as if they had been made on and as of said date.

         11.2     Covenants. All covenants, agreements and conditions contained
in this Agreement to be performed by the Purchaser on or prior to the Option
Closing Date shall have been performed or complied with in all material
respects.

                                   SECTION 12

                      AFFIRMATIVE COVENANTS OF THE COMPANY

         12.1     Right to Discussions with Officers. Purchaser shall have the
right, at its expense, to discuss the affairs, finances and accounts of the
Company with the Company's officers, all at such reasonable times and as often
as may be reasonably requested; provided, however, that the Company shall not be
obligated to provide any information that the Board of Directors reasonably
considers to be a trade secret or to contain confidential information.

                                   SECTION 13

                               BOARD OF DIRECTORS

         13.1     Election of Directors. The Company covenants and agrees to use
its diligent best efforts to cause the election of a representative of the
Purchaser to the Board of Directors of the Company, upon the occurrence of the
earlier of (i) Purchaser has purchased all Shares and Option Shares up to the
Aggregate Option Amount, or (ii) Purchaser has acquired 19.99% of the Company's
outstanding common stock pursuant hereto. Such representative shall be
reasonably acceptable to the Board of Directors of the Company.

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                                   SECTION 14

                                  MISCELLANEOUS

         14.1     Governing Law. This Agreement shall be governed in all
respects by the laws of the State of Washington without giving effect to the
conflicts of laws principles thereof. Venue shall be deemed proper in King
County, Washington.

         14.2     Expenses. Except as otherwise provided herein, the Company and
the Purchaser shall each bear their own expenses incurred on their behalf with
respect to this Agreement and the transactions contemplated hereby.

         14.3     Counterparts. This Agreement may be executed in any number of
counterparts, each of which shall be enforceable against the parties actually
executing such counterparts, and all of which together shall constitute one
instrument.

         14.4     Severability. In the event that any provision of this
Agreement becomes or is declared by a court of competent jurisdiction to be
illegal, unenforceable or void, this Agreement shall continue in full force and
effect without said provision; provided that no such severability shall be
effective if it materially changes the economic benefit of this Agreement to any
party.

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         The foregoing COMMON STOCK PURCHASE AGREEMENT is hereby executed as of
the date first above written.

                                    "COMPANY"

                                    AFFINITY TECHNOLOGY GROUP, INC.
                                    A Delaware corporation

                                    By:
                                        ---------------------------
                                    Title:
                                          -------------------------

                                    "PURCHASER"

                                    REDMOND FUND, INC.
                                    A Nevada Corporation

                                    By:
                                        ---------------------------
                                    Title:
                                          -------------------------

                                       9<PAGE>   1
                                                                     EXHIBIT 4.5

         NEITHER THIS WARRANT NOR THE SECURITIES ISSUABLE UPON EXERCISE OF THIS
WARRANT HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR
ANY APPLICABLE STATE LAW, AND NO INTEREST HEREIN OR THEREIN MAY BE SOLD,
DISTRIBUTED, ASSIGNED, OFFERED, PLEDGED OR OTHERWISE TRANSFERRED UNLESS: (A)
THERE IS AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT AND APPLICABLE STATE
SECURITIES LAWS COVERING ANY SUCH TRANSACTION INVOLVING SAID SECURITIES; (B) THE
COMPANY RECEIVES AN OPINION OF LEGAL COUNSEL FOR THE HOLDER OF SAID SECURITIES
STATING THAT SUCH TRANSACTION IS EXEMPT FROM REGISTRATION OR (C) THE COMPANY
OTHERWISE SATISFIES ITSELF THAT SUCH TRANSACTION IS EXEMPT FROM REGISTRATION.

         No._____                                           WARRANT TO PURCHASE
         ISSUED:  __________                                   _______SHARES OF
         VOID AFTER TWO YEARS                                      COMMON STOCK

                         AFFINITY TECHNOLOGY GROUP, INC.

                          COMMON STOCK PURCHASE WARRANT

         THIS IS TO CERTIFY that, for value received and subject to the terms
and conditions hereof, Redmond Fund, Inc., a Nevada Corporation, or such person
to whom this Warrant is transferred pursuant to Section 7 hereof (the "Holder"),
is entitled to purchase up to __________ fully paid and nonassessable shares of
the common stock, par value $.0001 per share (the "Warrant Stock"), of Affinity
Technology Group, Inc., a Delaware corporation (the "Company"), at the price per
share of _______ Dollars per share (the "Exercise Price") (such Exercise Price
being subject to adjustment as provided herein).

         This Warrant is subject to the following additional terms and
conditions:

         1.       METHOD OF EXERCISE

         This Warrant may be exercised at any time, not later than two years
after the date of issuance hereunder (the "Exercise Period"), in whole or part
by delivering to the Company: (i) the form of Election to Purchase attached
hereto duly completed and executed by the Holder; (ii) this Warrant certificate;
and (iii) a bank check payable to the Company in the amount of the Exercise
Price multiplied by the number of shares for which this Warrant is being
exercised (the "Purchase Price"). Alternatively, in lieu of (iii) above, the
Holder may elect to receive shares equal to the value of this Warrant (or the
portion thereof being canceled) by giving notice of a cashless election in which
event the Company shall issue to holder a number of shares of Warrant Stock
computed using the following formula:

                                  X = Y (A - B)
                                      ---------
                                          A

Where    X = The number of shares of Warrant Stock to be issued to the Holder.

         Y = The number of shares of Warrant Stock canceled under this
                  Warrant (at the date of such calculation).

         A = The fair market value of one share of Common Stock (at the
                  date of such calculation).

         B = The Exercise Price (as adjusted to the date of such
                  calculation).

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         For purposes of this provision, the fair market value of the Company's
Common Stock shall be the closing price for the Common Stock of the Company on
the business day immediately prior to the exercise of the Warrant.

         2.       DELIVERY OF STOCK CERTIFICATES

         Within ten days after the payment of the Purchase Price following the
exercise of this Warrant (in whole or in part), the Company, at its expense,
shall issue in the name of and deliver to the Holder: (i) a certificate or
certificates for the number of fully paid and nonassessable shares of Warrant
Stock to which the Holder shall be entitled upon such exercise and payment and
(ii) a new Warrant of like tenor to purchase up to that number of shares of
Warrant Stock, if any, not previously purchased by the Holder if this Warrant
has not expired. The Holder shall for all purposes be deemed to have become the
holder of record of such shares of Warrant Stock on the date on which this
Warrant was surrendered and payment of the Purchase Price was made, irrespective
of the date of delivery of the certificate or certificates representing the
Warrant Stock; provided, that if the date on which such surrender and payment is
made is a date when the stock transfer books of the Company are closed, such
person shall be deemed to have become the holder of record of such shares of
Warrant Stock at the close of business on the next succeeding date on which the
stock transfer books are open.

         3.       COVENANTS AS TO WARRANT STOCK

         The Company covenants and agrees that all the shares of Warrant Stock
issued pursuant to the terms of this Warrant (the "Reserved Shares") will, upon
their issuance, be validly issued and outstanding, fully paid and nonassessable.
The Company further covenants and agrees that the Company will at all times have
authorized and reserved a sufficient number of the Reserved Shares to provide
for the exercise of this Warrant.

         4.       TERMINATION

         This Warrant shall be canceled and all rights granted hereunder shall
terminate upon the earliest to occur of the following (the "Expiration Date"):
(i) two years from the date hereof, (ii) the sale of all or substantially all of
the assets of the Company, or (iii) the consummation of any transaction or
series of related transactions (including, without limitation, any
reorganization, merger or consolidation) if, following such transaction, the
holders of the Company's outstanding voting securities prior to the transaction
cease to hold, directly or indirectly, securities representing a majority of the
outstanding voting power of the surviving entity. Provided, however, that the
Company shall have delivered to the Holder notice thirty business days before
the Expiration Date (other than pursuant to clause (i) above) and that the
Holder shall have the right immediately prior to Expiration Date to exercise
this Warrant.

         5.       ADJUSTMENT TO EXERCISE PRICE

         In the event that the Company, after the date hereof: (i) pays a stock
dividend with respect to its capital stock; (ii) subdivides its outstanding
shares of capital stock; (iii) combines its outstanding shares of capital stock
into a smaller number of shares of any class of capital stock or (iv) issues any
shares of its capital stock in a reclassification of the capital stock,
including any such reclassification in connection with a consolidation or merger
in which the Company is the surviving corporation (any one of which action is
herein referred to as an "Adjustment Event"), the Exercise Price shall be
adjusted by multiplying such Exercise Price immediately prior to such Adjustment
Event by a fraction, the numerator of which shall be the number of shares of
Common Stock issued and outstanding immediately prior to such Adjustment Event,
and the denominator of which shall be the number of shares of Common Stock
issued and outstanding immediately thereafter.

                                       2
<PAGE>   3

         6.       FRACTIONAL SHARES

         No fractional shares shall be issued upon the exercise of this Warrant.
In lieu of fractional shares, the Company shall pay the Holder a sum in cash
equal to the fair market value of the fractional shares (as determined by the
Company's Board of Directors) on the date of exercise.

         7.       RESTRICTIONS ON TRANSFER

         Neither this Warrant nor the Warrant Stock may be transferred unless:
(i) such transfer is registered under the Securities Act of 1933, as amended
(the "Securities Act"), and any applicable state securities or blue sky laws;
(ii) the Company has received a legal opinion reasonably satisfactory to the
Company to the effect that the transfer is exempt from the prospectus delivery
and registration requirements of the Securities Act and any applicable state
securities or blue sky laws or (iii) the Company otherwise satisfies itself that
such transfer is exempt from registration.

         8.       LEGEND

         A legend setting forth or referring to the above restrictions shall be
placed on this Warrant, any replacement hereof or any certificate representing
the Warrant Stock, and a stop transfer restriction or order shall be placed on
the books of the Company and with any transfer agent until such securities may
be legally sold or otherwise transferred.

         9.       HOLDER AS OWNER

         The Company may deem and treat the holder of record of this Warrant as
the absolute owner hereof for all purposes regardless of any notice to the
contrary.

         10.      NO SHAREHOLDER RIGHTS

         This Warrant shall not entitle the Holder to any voting rights or any
other rights as a shareholder of the Company or to any other rights whatsoever
except the rights stated herein; and, no dividend or interest shall be payable
or shall accrue in respect of this Warrant or the Warrant Stock until and to the
extent that this Warrant shall be exercised.

         11.      CONSTRUCTION

         The validity and interpretation of the terms and provisions of this
Warrant shall be governed by the laws of the State of Delaware. The descriptive
headings of the several sections of this Warrant are inserted for convenience
only and shall not control or affect the meaning or construction of any of the
provisions thereof.

         12.      EXCHANGE OF WARRANT

         This Warrant is exchangeable upon the surrender hereof by the Holder at
the office of the Company for new Warrants of like tenor representing in the
aggregate the right to subscribe for and purchase the number of shares which may
be subscribed for and purchased hereunder, each of such new Warrants to
represent the right to subscribe for and purchase such number of shares as shall
be designated by the Holder at the time of such surrender.

         13.      LOST WARRANT CERTIFICATE

         If this Warrant is lost, stolen, mutilated or destroyed, the Company
shall issue a new Warrant of like denomination, tenor and date as this Warrant,
subject to the Company's right to require the Holder to give the Company a bond
or other satisfactory security sufficient to indemnify the Company against any

                                       3
<PAGE>   4

claim that may be made against it (including any expense or liability) on
account of the alleged loss, theft, mutilation or destruction of this Warrant or
the issuance of such new Warrant.

         14.      WAIVERS AND AMENDMENTS

         This Warrant, or any provision hereof, may be changed, waived,
discharged or terminated only by a statement in writing signed by the party
against which enforcement of the change, waiver, discharge or termination is
sought.

         15.      NOTICES

         All notices, requests, consents, payments and other communications
required or provided for herein to any party shall be in writing, and shall be
deemed to be given when: (i) delivered in person; (ii) sent by first class
registered or certified mail with postage prepaid; (iii) delivered by overnight
receipted courier service; or (iv) except with respect to payments, sent by
confirmed facsimile transmission. Notices shall be sent to the addresses set
forth below, or to such other addresses as may hereafter be designated in
writing by the party:

         If to the Company:         AFFINITY TECHNOLOGY GROUP, INC.
                                    1201 Main Street, Suite 2080
                                    Columbia, South Carolina  29201
                                    Attention: Joseph Boyle, CEO, President

                                    with a copy to:

                                    ROBINSON, BRADSHAW & HINSON, P.A.
                                    101 North Tryon Street
                                    Suite 1900
                                    Charlotte, North Carolina 28246
                                    Attention: David Dabbs

         If to Holder:              REDMOND FUND, INC.
                                    16541 Suite 123 C
                                    Redmond, Washington  98052-4482
                                    Attention: Riley D. Evans, CEO

                                    with a copy to:

                                    FOSTER, PEPPER & SHEFELMAN
                                    1111 Third Avenue, Suite 3400
                                    Seattle, Washington  98101
                                    Attention: Robert Diercks

         16.      REGISTRATION RIGHTS

         The Holder shall have such registration rights with respect to the
shares of Common Stock issuable upon exercise of the Warrants as are granted in
that certain Common Stock Purchase Agreement between the Holder and the Company
and dated as of this date.

         17.      INVESTMENT INTENT

         By accepting this Warrant, the Holder represents that it is acquiring
this Warrant for investment, for the Holder's own account and not with a view
to, or for sale in connection with, any distribution thereof.

                                       4
<PAGE>   5

         IN WITNESS WHEREOF, the Company has executed this Warrant as of the
date first written above.

                                  AFFINITY TECHNOLOGY GROUP, INC.

                                  -------------------------------
                                  President

                                       5
<PAGE>   6

                              ELECTION TO PURCHASE

To:
   ---------------------------

         The undersigned hereby irrevocably elects to purchase _________ shares
of common stock issuable upon the exercise of the within Warrants, and requests
that certificates for such shares shall be issued in the name of and delivered
to the address of the undersigned, at the address stated below and, if said
number of shares shall not be all the shares which may be purchased pursuant to
the within Warrants, that new Warrants evidencing the right to purchase the
balance of such shares be registered in the name of, and delivered to, the
undersigned at the address stated below. The undersigned hereby agrees with and
represents to the Company that said shares of the common stock are acquired for
investment, for the undersigned's own account and not with a view to, or for
sale in connection with, any distribution or public offering thereof within the
meaning of the Securities Act of 1933, as amended.

         _____  (a) Payment enclosed in the amount of $______________; or

         _____  (b) Cashless exercise is requested in accordance with
                    Paragraph 1 formula.

         Dated: ______________, 200__.

         Name of holder of Warrants:
                                    -------------------------------------
                                                (please print)

                           Address:
                                    -------------------------------------
                                    -------------------------------------
                                    -------------------------------------

                           Signature:
                                     ------------------------------------

                                        6

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