Document:

EXHIBIT A

NEITHER THIS NOTE NOR THE SECURITIES  INTO WHICH THIS NOTE IS  CONVERTIBLE  HAVE
BEEN  REGISTERED  WITH THE SECURITIES AND EXCHANGE  COMMISSION OR THE SECURITIES
COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION  FROM  REGISTRATION  UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), AND, ACCORDINGLY,
MAY  NOT BE  OFFERED  OR  SOLD  EXCEPT  PURSUANT  TO AN  EFFECTIVE  REGISTRATION
STATEMENT  UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE  EXEMPTION FROM,
OR IN A  TRANSACTION  NOT  SUBJECT  TO,  THE  REGISTRATION  REQUIREMENTS  OF THE
SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS.

No. 1                                                             $_____________

                          FUSION NETWORKS HOLDINGS INC.
                        12% CONVERTIBLE BRIDGE LOAN NOTE
                              DUE DECEMBER 31, 2000

     THIS NOTE is one of a series of duly  authorized and issued notes of Fusion
Networks  Holdings,  Inc., a Delaware  corporation,  having a principal place of
business at 8115 NW 29th Street, Miami, FL 33122 (the "Company"),  designated as
its 12% Convertible  Bridge Loan Notes,  due December 31, 2000, in the aggregate
principal amount of up to One Million Five Hundred Thousand Dollars ($1,500,000)
(the "Notes").

     FOR VALUE RECEIVED,  the Company  promises to pay to [ ], or its registered
assigns (the "Holder"), the principal sum of __________ Dollars (__________), on
December 31, 2000 or such earlier date as the Notes are required or permitted to
be repaid as provided hereunder (the "Maturity Date") and to pay interest to the
Holder on the aggregate  unconverted and then  outstanding  principal  amount of
this Note at the rate of 12% per annum,  payable on the  Maturity  Date in cash,
or, at Holder's  option,  in five year warrants  ("the  "Warrants")  to purchase
shares of Common  Stock (as defined in Section 6) at an exercise  price equal to
150% of the closing price of the Company's  Common Stock on the last trading day
preceding  the  execution of this Note.  In the event that the Holder  elects to
receive Warrants in lieu of interest,  the number of Warrants to be issued shall
equal the product of (I) 50,000  multiplied  by (II) the quotient  determined by
dividing (a) the product of (i) the principal  amount of this Note multiplied by
(ii) the product of (x) the number of days elapsed from the Original  Issue Date
until the earlier of the Maturity Date or the Conversion  Date multiplied by (y)
the quotient  determined by dividing 0.12 by 360, by (b) 90,000.  Subject to the
terms and conditions  herein, the decision whether to receive interest hereunder
in Warrants or cash shall be at the discretion of the Holder.  Not less than ten
Trading Days (as defined in Section 6)  prior to the earlier of Maturity Date or
the Conversion Date (as defined in Section 4(a)(I)(B)), the Holder shall provide
the Company with written  notice of its election to receive  interest  hereunder
either in cash  orWarrants.  Failure to timely provide such written notice shall
be deemed an election by the Holder to receive the interest on Maturity  Date or
Conversion Date, in Warrants.  Interest shall be calculated on the basis on a 30
day month and shall  accrue  daily  commencing  on the  Original  Issue Date (as
defined in Section 6) until payment in full of the principal sum,  together with
all  accrued  and  unpaid  interest  and  other  amounts  which may  become  due
hereunder,  has been  made.  Interest  hereunder  will be paid to the Person (as
defined in Section 6) in whose name this Note is  registered  on the  records of
the Company regarding registration and transfers of Notes (the "Note Register").
All overdue  accrued  and unpaid  interest  to be paid in cash  hereunder  shall
entail a late fee at the rate of 18% per annum (or such lower maximum  amount of
interest  permitted to be charged under  applicable law) (to accrue daily,  from
the date such  interest  is due  hereunder  through  and  including  the date of
payment), payable in cash.
<PAGE>

     This Note is subject to the following additional provisions:

     Section  1.  This Note is  exchangeable  for an equal  aggregate  principal
amount of Notes of  different  authorized  denominations,  as  requested  by the
Holder  surrendering  the  same.  No  service  charge  will  be  made  for  such
registration of transfer or exchange.

     Section  2.  This  Note has  been  issued  subject  to  certain  investment
representations  of the  original  Holder  set forth in the Loan  Agreement  (as
defined in Section 6) and may be  transferred  or exchanged  only in  compliance
with the Loan Agreement and the legend set forth on the face of this Note. Prior
to due presentment to the Company for transfer of this Note, the Company and any
agent of the  Company  may treat the Person  (as  defined in Section 6) in whose
name this Note is duly  registered  on the Note Register as the owner hereof for
the purpose of receiving  payment as herein provided and for all other purposes,
whether or not this Note is overdue,  and neither the Company nor any such agent
shall be affected by notice to the contrary.

     Section 3. Events of Default.

          (a) "Event of Default",  wherever  used  herein,  means any one of the
     following  events (whatever the reason and whether it shall be voluntary or
     involuntary  or effected by operation  of law or pursuant to any  judgment,
     decree or order of any  court,  or any  order,  rule or  regulation  of any
     administrative or governmental body):

               (i) any default in the payment of the principal  of,  interest on
          or liquidated  damages in respect of, any Notes,  free of any claim of
          subordination,  as and when  the same  shall  become  due and  payable
          (whether on a Conversion  Date or the Maturity Date or by acceleration
          or otherwise);

               (ii) the  Company  shall fail to  observe  or  perform  any other
          material  covenant or agreement  contained in, or otherwise commit any
          breach of any of the Transaction  Documents (as defined in Section 6),
          and such  failure or breach shall not have been  remedied  within five
          days after the date on which  notice of such  failure or breach  shall
          have been given, or any representation or warranty of the Company in a
          Transaction  Document  shall prove to have been false or  incorrect at
          the Closing Date;

               (iii) the Company,  shall  commence,  or there shall be commenced
          against  the  Company  a  case  under  any  applicable  bankruptcy  or
          insolvency  laws  as now  or  hereafter  in  effect  or any  successor
          thereto,  or the Company,  commences  any other  proceeding  under any
          reorganization,  arrangement,  adjustment of debt,  relief of debtors,
          dissolution,   insolvency  or   liquidation  or  similar  law  of  any
          jurisdiction  whether  now or  hereafter  in  effect  relating  to the
          Company,  or  there  is  commenced  against  the  Company,   any  such
          bankruptcy,  insolvency or other proceeding which remains  undismissed
          for a period of 60 days; or the Company,  is adjudicated  insolvent or
          bankrupt;  or any order of relief or other  order  approving  any such
          case or proceeding is entered; or the Company, suffers any appointment
          of any  custodian  or the like for it or any  substantial  part of its
          property which  continues  undischarged or unstayed for a period of 60
          days; or the Company,  makes a general  assignment  for the benefit of
          creditors;  or the Company,  shall fail to pay, or shall state that it
          is unable to pay, or shall be unable to pay,  its debts  generally  as
          they become due; or the Company, shall call a meeting of its creditors
          with a view to arranging a composition, adjustment or restructuring of
          its  debts;  or the  Company,  shall  by any  act  or  failure  to act
          expressly  indicate its consent to, approval of or acquiescence in any
          of the  foregoing;  or any  corporate  or other action is taken by the
          Company, for the purpose of effecting any of the foregoing;

                                       2
<PAGE>

               (iv) the Company (or any subsidiary  thereof if guaranteed by the
          Company) shall default in any of its obligations  under any other Note
          or  any  mortgage,  credit  agreement  or  other  facility,  indenture
          agreement,  factoring  agreement or other instrument under which there
          may be  issued,  or by which  there may be secured  or  evidenced  any
          indebtedness  for  borrowed  money or money  due  under  any long term
          leasing or factoring arrangement of the Company in an amount exceeding
          an aggregate of one hundred thousand dollars ($100,000),  whether such
          indebtedness now exists or shall hereafter be created and such default
          shall result in such  indebtedness  becoming or being declared due and
          payable prior to the date on which it would  otherwise  become due and
          payable;

               (v) the Common Stock shall be delisted  from the Nasdaq  National
          Market  ("NASDAQ")  or suspended  from  trading on the NASDAQ  without
          resuming trading and/or being relisted or thereon or listed on the New
          York Stock Exchange, American Stock Exchange or Nasdaq SmallCap Market
          (each, a "Subsequent  Market") or having such  suspension  lifted,  in
          either  case,  for  more  than ten  Trading  Days  (which  need not be
          consecutive Trading Days);

               (vi)  the  Company  shall  be a party to any  Change  of  Control
          Transaction  (as defined in Section 6), shall agree to sell or dispose
          all or in  excess  of 60% of its  assets  in one or more  transactions
          (whether  or not  such  sale  would  constitute  a Change  of  Control
          Transaction),  or shall  redeem or  repurchase  more than a de minimis
          number of shares of Common  Stock or other  equity  securities  of the
          Company (other than  redemptions  of Underlying  Shares (as defined in
          Section 6));

               (vii)  the   Company   shall  fail  for  any  reason  to  deliver
          certificates  to a Holder  prior to the tenth  day after a  Conversion
          Date  pursuant to and in  accordance  with Section 4(b) or the Company
          shall  provide  notice  to the  Holder,  including  by  way of  public
          announcement,  at any  time,  of its  intention  not  to  comply  with
          requests for  conversions  of any Notes in  accordance  with the terms
          hereof; or

               (viii) the  Company  shall  fail for any  reason to  deliver  the
          payment in cash pursuant to a Buy-In (as defined  herein) within seven
          days after notice is delivered hereunder.

     (b) During the time that any portion of this Note remains  outstanding,  if
any Event of Default occurs and is continuing, the full principal amount of this
Note (and,  at the Holder's  option,  all other Notes then held by such Holder),
together with interest and other amounts owing in respect  thereof,  to the date
of  acceleration  shall become,  at the Holder's  election  immediately  due and
payable in cash.  The Holder need not provide and the Company  hereby waives any
presentment,  demand,  protest or other  notice of any kind,  and the Holder may
immediately  and without  expiration of any grace period  enforce any and all of
its rights and remedies  hereunder and all other remedies  available to it under
applicable law. Such  declaration may be rescinded and annulled by Holder at any
time prior to payment  hereunder.  No such  rescission or annulment shall affect
any subsequent Event of Default or impair any right consequent thereon.

     (c) In the  event  that  this  Note is not  paid in full on or  before  the
Maturity Date, in addition to its other rights and remedies  hereunder,  (i) the
Company  will pay to the Holder a late  payment fee in an amount  equal to 2% of
the unpaid principal balance (or such lesser maximum amount that is permitted to
be paid by applicable  law) for each month any amount remains  unpaid  following
the Maturity  Date, to accrue daily from the Maturity Date through and including
the date of payment,  and (ii) the Company  will issue to the Holder one warrant
for each $4.00 of principal  balance of this Note  remaining  outstanding on the
Maturity Date,  which warrant shall be exercisable for a period of five years at
an exercise  price equal to 150% of the closing price of the Common Stock on the
Maturity Date.

                                       3
<PAGE>

Section 4. Conversion.

     (a) (i) Conversion at Option of Holder. (A) This Note shall be convertible,
at the option of the Holder,  into securities of the Company as follows:  (1) in
the event that the Company  completes a private  placement  of  securities  (the
"Private  Placement")  while any portion of this Note remains  outstanding,  the
principal amount of the Note remaining outstanding may be converted,  in part or
in whole,  into  securities  of the Company on terms  identical  to those of the
Private Placement, or (2) in the event that a Private Placement has not occurred
while this Note remains outstanding,  and the Holder wishes to convert the Note,
then the  Holder  shall  have the right to  convert  the  outstanding  principal
balance  of this Note into a number of  shares  of Common  Stock  determined  by
dividing (x) the  outstanding  principal  amount of this Note to be converted by
(y) the average of the closing  prices for the Company's  Common Stock as quoted
on the Nasdaq  National  Market  System for the five  business days prior to the
Original   Issue  Date  (subject  to  adjustments  as  set  forth  herein)  (the
"Conversion  Price").  In addition to receiving  such number of shares of Common
Stock  upon  conversion  of the Note,  Holder  will  receive  one  warrant  (the
"Conversion  Warrants")  for each four  shares of Common  Stock  received on the
Conversion  Date.  Each  Conversion  Warrant will be exercisable for a period of
five years from the date of issuance at a price equal to 150% of the  Conversion
Price.

     (B) The Holder shall effect  conversions by surrendering the Notes (or such
portions  thereof) to be converted,  together with the form of conversion notice
attached  hereto as  Exhibit A (a  "Conversion  Notice")  to the  Company.  Each
Conversion  Notice shall specify the principal  amount of Notes to be converted,
the applicable  Conversion  Price and the date on which such conversion is to be
effected,  which  date may not be prior to the date  such  Conversion  Notice is
deemed to have been delivered  hereunder (a "Conversion Date"). If no Conversion
Date is specified in a Conversion  Notice, the Conversion Date shall be the date
that such Conversion  Notice is deemed delivered  hereunder.  Subject to Section
4(b), each Conversion Notice, once given, shall be irrevocable. If the Holder is
converting  less than all of the  principal  amount  represented  by the Note(s)
tendered by the Holder with the Conversion Notice, or if a conversion  hereunder
cannot  be  effected  in full for any  reason,  the  Company  shall  honor  such
conversion to the extent  permissible  hereunder and shall  promptly  deliver to
such Holder (in the manner and within the time set forth in Section  4(b)) a new
Note for such principal amount as has not been converted.

          (ii) Certain Conversion  Restrictions.  A Holder may not convert Notes
     hereunder  to the  extent  such  conversion  would  result  in the  Holder,
     together with any affiliate thereof,  beneficially owning (as determined in
     accordance with Section 13(d) of the Exchange Act (as defined in Section 6)
     and the  rules  promulgated  thereunder)  in  excess  of 4.999% of the then
     issued and outstanding  shares of Common Stock,  including  shares issuable
     upon conversion of the Notes held by such Holder after  application of this
     Section.  Since the Holder will not be  obligated  to report to the Company
     the  number  of  shares  of  Common  Stock  it may  hold  at the  time of a
     conversion  hereunder,  unless the  conversion at issue would result in the
     issuance  of  shares  of  Common  Stock in  excess  of  4.999%  of the then
     outstanding shares of Common Stock without regard to any other shares which
     may be beneficially owned by the Holder or an affiliate thereof, the Holder
     shall  have  the  authority  and   obligation  to  determine   whether  the
     restriction  contained in this Section will limit any particular conversion
     hereunder and to the extent that the Holder  determines that the limitation
     contained in this Section  applies,  the  determination of which portion of
     the principal amount of Notes are convertible  shall be the  responsibility
     and  obligation  of the Holder.  If the Holder has  delivered a  Conversion
     Notice for a principal  amount of Notes that,  without  regard to any other
     shares that the Holder or its affiliates may beneficially own, would result
     in the issuance in excess of the permitted  amount  hereunder,  the Company
     shall notify the Holder of this fact and shall honor the conversion for the
     maximum  principal amount permitted to be converted on such Conversion Date
     in accordance with the periods described in Section 4(b) and, at the option
     of the Holder,  either retain any principal  amount tendered for conversion
     in excess of the  permitted  amount  hereunder  for future  conversions  or
     return such excess principal  amount to the Holder.  The provisions of this
     Section  may be  waived by a Holder  (but only as to itself  and not to any
     other Holder) upon not less than 61 days prior notice to the Company. Other
     Holders shall be unaffected by any such waiver.

                                       4
<PAGE>

     (b) (i) Not later than three Trading Days after any  Conversion  Date,  the
Company will deliver to the Holder (i) a certificate or certificates which shall
bear  restrictive  legends and  trading  restrictions  (as  required by the Loan
Agreement)  representing the number and nature of securities being acquired upon
the conversion of Notes, (ii) Notes in a principal amount equal to the principal
amount  of Notes  not  converted,  and (iii) if the  Holder  elects  to  receive
Warrants in lieu of interest,  a  certificate  or  certificates  evidencing  the
Warrants,  or, if the  Holder  elects to  receive  cash in  payment  of  accrued
interest,  a bank check in the amount of accrued and unpaid  interest  provided,
that the Company  shall not be obligated to issue  certificates  evidencing  the
securities issuable upon conversion of the principal amount of Notes until Notes
are delivered for conversion to the Company,  or the Holder notifies the Company
that such Notes  have been lost,  stolen or  destroyed  and  provides a bond (or
other adequate security) reasonably satisfactory to the Company to indemnify the
Company from any loss incurred by it in connection therewith.  If in the case of
any Conversion  Notice such  certificate or certificates are not delivered to or
as directed by the applicable Holder by the third Trading Day after a Conversion
Date,  the Holder shall be entitled by written notice to the Company at any time
on or before its receipt of such  certificate  or  certificates  thereafter,  to
rescind such conversion, in which event the Company shall immediately return the
certificates representing the principal amount of Notes tendered for conversion.

          (ii) If the Company fails to deliver to the Holder such certificate or
     certificates pursuant to Section 4(b)(i) by the third Trading Day after the
     Conversion  Date,  the  Company  shall  pay to such  Holder,  in  cash,  as
     liquidated  damages and not as a penalty,  0.05% of the principal amount to
     be converted  for each Trading Day after such third  Trading Day until such
     certificates are delivered.  Nothing herein shall limit a Holder's right to
     pursue actual damages or declare an Event of Default  pursuant to Section 3
     herein  for the  Company's  failure to  deliver  certificates  representing
     securities  upon  conversion  within the period  specified  herein and such
     Holder shall have the right to pursue all  remedies  available to it at law
     or  in  equity  including,   without  limitation,   a  decree  of  specific
     performance and/or injunctive relief. The exercise of any such rights shall
     not prohibit the Holders  from seeking to enforce  damages  pursuant to any
     other Section hereof or under applicable law. Further, if the Company shall
     not have  delivered any cash due in respect of  conversions  of Notes or as
     payment of interest  thereon by the third Trading Day after the  Conversion
     Date,  the Holder  may,  by notice to the  Company,  require the Company to
     issue securities pursuant to Section 4(a), except that for such purpose the
     Conversion Price  applicable  thereto shall be the lesser of the Conversion
     Price on the Conversion  Date and the Conversion  Price on the date of such
     Holder demand. Any such securities will be subject to the provision of this
     Section.

          (iii) In addition to any other rights available to the Holder,  if the
     Company  fails to deliver to the Holder such  certificate  or  certificates
     pursuant to Section  4(b)(i) by the third Trading Day after the  Conversion
     Date, and if after such third Trading Day the Holder  purchases (in an open
     market transaction or otherwise) Common Stock to deliver in satisfaction of
     a sale by such Holder of the Underlying Shares which the Holder anticipated
     receiving upon such conversion (a "Buy-In"), then the Company shall (A) pay
     in cash to the Holder (in addition to any remedies  available to or elected
     by the Holder) the amount by which (x) the Holder's  total  purchase  price
     (including brokerage commissions, if any) for the Common Stock so purchased
     exceeds  (y) the  product of (1) the  aggregate  number of shares of Common
     Stock that such Holder  anticipated  receiving from the conversion at issue
     multiplied  by (2) the market  price of the Common Stock at the time of the
     sale giving rise to such purchase  obligation  and (B) at the option of the
     Holder,  either  reissue  Notes in principal  amount equal to the principal
     amount of the  attempted  conversion or deliver to the Holder the number of
     shares of Common  Stock that would have been issued had the Company  timely
     complied with its delivery requirements under Section 4(b)(i). For example,
     if the Holder  purchases  Common  Stock  having a total  purchase  price of
     $11,000 to cover a Buy-In with respect to an attempted  conversion of Notes
     with respect to which the market price of the Underlying Shares on the date
     of conversion  was a total of $10,000  under clause (A) of the  immediately
     preceding sentence, the Company shall be required to pay the Holder $1,000.
     The Holder shall provide the Company written notice  indicating the amounts
     payable to the Holder in respect of the  Buy-In.  Notwithstanding  anything
     contained herein to the contrary,  if a Holder requires the Company to make
     payment  in  respect  of  a  Buy-In  for  the  failure  to  timely  deliver
     certificates  hereunder  and the Company  timely pays in full such payment,
     the Company  shall not be required  to pay such Holder  liquidated  damages
     under  Section  4(b)(ii) in respect of the  certificates  resulting in such
     Buy-In.

                                       5
<PAGE>

     (c) (i) If the Company,  at any time while any Notes are  outstanding,  (a)
shall pay a stock dividend or otherwise make a distribution or  distributions on
shares of its Common Stock or any other equity or equity  equivalent  securities
payable in shares of Common Stock,  (b) subdivide  outstanding  shares of Common
Stock into a larger number of shares,  (c) combine  (including by way of reverse
stock split) outstanding shares of Common Stock into a smaller number of shares,
or (d) issue by  reclassification  of shares of the  Common  Stock any shares of
capital stock of the Company, then the Conversion Price shall be multiplied by a
fraction of which the  numerator  shall be the number of shares of Common  Stock
(excluding  treasury shares, if any) outstanding  before such event and of which
the denominator  shall be the number of shares of Common Stock outstanding after
such event.  Any adjustment made pursuant to this Section shall become effective
immediately after the record date for the determination of stockholders entitled
to receive such dividend or distribution and shall become effective  immediately
after  the  effective  date  in  the  case  of  a  subdivision,  combination  or
re-classification.

          (ii) If the Company,  at any time while Notes are  outstanding,  shall
     distribute to all holders of Common Stock (and not to Holders) evidences of
     its  indebtedness  or  assets or rights or  warrants  to  subscribe  for or
     purchase any security, then in each such case the Conversion Price at which
     Notes shall  thereafter be  convertible  shall be determined by multiplying
     the Conversion Price in effect  immediately  prior to the record date fixed
     for determination of stockholders  entitled to receive such distribution by
     a fraction of which the denominator  shall be the Closing Price  determined
     as of the record date mentioned  above, and of which the numerator shall be
     such  Closing  Price on such record date less the then fair market value at
     such record date of the portion of such assets or evidence of  indebtedness
     so distributed  applicable to one outstanding  share of the Common Stock as
     determined  by the Board of  Directors  in good  faith.  In either case the
     adjustments  shall be described  in a statement  provided to the Holders of
     the portion of assets or evidences of  indebtedness  so distributed or such
     subscription   rights  applicable  to  one  share  of  Common  Stock.  Such
     adjustment  shall be made whenever any such  distribution is made and shall
     become effective immediately after the record date mentioned above.

          (iii)  In case of any  reclassification  of the  Common  Stock  or any
     compulsory  share exchange  pursuant to which the Common Stock is converted
     into other securities,  cash or property,  the Holders shall have the right
     thereafter to convert the then outstanding principal amount,  together with
     all accrued but unpaid  interest and any other amounts then owing hereunder
     in respect of this Note only into the shares of stock and other securities,
     cash and  property  receivable  upon or deemed to be held by holders of the
     Common Stock following such  reclassification  or share  exchange,  and the
     Holders of the Notes  shall be  entitled  upon such  event to receive  such
     amount of securities, cash or property as the shares of the Common Stock of
     the Company into which the then outstanding principal amount, together with
     all accrued but unpaid  interest and any other amounts then owing hereunder
     in respect of this Note could have been converted immediately prior to such
     reclassification or share exchange would have been entitled.

                                       6
<PAGE>

          (iv)  All  calculations  under  this  Section  4 shall  be made to the
     nearest  cent or the  nearest  1/100th  of a share,  as the case may be. No
     adjustments in the Conversion Price shall be required if such adjustment is
     less than $0.01, provided, however, that any adjustments which by reason of
     this Section are not required to be made shall be carried forward and taken
     into account in any subsequent adjustment.

          (v)  Whenever  the  Conversion  Price is  adjusted  pursuant to either
     Section  4(c)(i) or (ii),  the Company shall promptly mail to each Holder a
     notice setting forth the Conversion Price after such adjustment and setting
     forth a brief statement of the facts requiring such adjustment.

          (vi) If (A)  the  Company  shall  declare  a  dividend  (or any  other
     distribution)  on the Common Stock; (B) the Company shall declare a special
     nonrecurring  cash dividend on or a redemption of the Common Stock; (C) the
     Company  shall  authorize  the  granting to all holders of the Common Stock
     rights or warrants to subscribe for or purchase any shares of capital stock
     of any class or of any rights;  (D) the approval of any stockholders of the
     Company shall be required in connection  with any  reclassification  of the
     Common Stock, any  consolidation or merger to which the Company is a party,
     any sale or  transfer  of all or  substantially  all of the  assets  of the
     Company,  of any  compulsory  share  exchange  whereby the Common  Stock is
     converted into other  securities,  cash or property;  (E) the Company shall
     authorize the voluntary or involuntary dissolution,  liquidation or winding
     up of the affairs of the Company;  then,  in each case,  the Company  shall
     cause to be filed at each  office or agency  maintained  for the purpose of
     conversion  of the Notes,  and shall  cause to be mailed to the  Holders at
     their last  addresses  as they  shall  appear  upon the stock  books of the
     Company,  at least 20  calendar  days  prior to the  applicable  record  or
     effective  date  hereinafter  specified,  a notice  stating (x) the date on
     which  a  record  is  to  be  taken  for  the  purpose  of  such  dividend,
     distribution,  redemption,  rights or warrants, or if a record is not to be
     taken, the date as of which the holders of the Common Stock of record to be
     entitled to such dividend,  distributions,  redemption,  rights or warrants
     are to be  determined  or (y) the  date  on  which  such  reclassification,
     consolidation,  merger,  sale,  transfer  or share  exchange is expected to
     become  effective  or close,  and the date as of which it is expected  that
     holders of the Common Stock of record  shall be entitled to exchange  their
     shares  of  the  Common  Stock  for  securities,  cash  or  other  property
     deliverable  upon  such  reclassification,   consolidation,  merger,  sale,
     transfer or share exchange,  provided, that the failure to mail such notice
     or any  defect  therein  or in the  mailing  thereof  shall not  affect the
     validity of the corporate  action  required to be specified in such notice.
     Holders are entitled to convert Notes during the 20-day  period  commencing
     the date of such notice to the effective date of the event  triggering such
     notice.

          (vii) In case of any (1) merger or  consolidation  of the Company with
     or into another Person,  or (2) sale by the Company of more than 60% of the
     assets of the Company (on an as valued basis) in one or a series of related
     transactions,  a Holder  shall  have the  right to (A) if  permitted  under
     Section 3(b) hereof,  exercise its rights of prepayment  under Section 3(a)
     with respect to such event,  (B) convert its aggregate  principal amount of
     Notes then outstanding into the shares of stock and other securities,  cash
     and  property  receivable  upon or deemed to be held by  holders  of Common
     Stock following such merger,  consolidation  or sale, and such Holder shall
     be  entitled  upon such event or series of related  events to receive  such
     amount of securities,  cash and property as the shares of Common Stock into
     which such  aggregate  principal  amount of Notes could have been converted
     immediately  prior to such merger,  consolidation  or sales would have been
     entitled, or (C) in the case of a merger or consolidation,  (x) require the
     surviving entity to issue  convertible  debentures in such face amount,  as
     the case may be, equal to the aggregate principal amount of Notes then held
     by such  Holder,  plus all accrued and unpaid  interest  and other  amounts
     owing thereon,  which newly issued  debentures  shall have terms  identical
     (including  with respect to conversion) to the terms of this Note and shall
     be  entitled to all of the rights and  privileges  of a Holder of Notes set
     forth  herein and the  agreements  pursuant  to which the Notes were issued
     (including,  without limitation,  as such rights relate to the acquisition,
     transferability,  registration  and  listing of such  shares of stock other
     securities issuable upon conversion  thereof),  and (y) simultaneously with
     the  issuance  of such  convertible  debentures,  shall  have the  right to
     convert  such  instrument  only into shares of stock and other  securities,
     cash and property receivable upon or deemed to be held by holders of Common
     Stock  following such merger or  consolidation.  In the case of clause (C),
     the conversion  price applicable for the newly issued shares of convertible
     preferred stock or convertible debentures shall be based upon the amount of
     securities, cash and property that each share of Common Stock would receive
     in such transaction and the Conversion Price in effect immediately prior to
     the  effectiveness or closing date for such  transaction.  The terms of any
     such  merger,  sale or  consolidation  shall  include  such  terms so as to
     continue to give the Holders the right to receive the securities,  cash and
     property  set  forth in this  Section  upon any  conversion  or  redemption
     following such event.  This provision  shall  similarly apply to successive
     such events.

                                       7
<PAGE>

     (d) The  Company  covenants  that it will at all  times  reserve  and  keep
available out of its authorized  and unissued  shares of Common Stock solely for
the  purpose  of  issuance  upon  conversion  of  the  Notes,  including  shares
underlying the Warrants and Conversion Warrants,  each as herein provided,  free
from preemptive rights or any other actual contingent purchase rights of persons
other than the Holders,  not less than such number of shares of the Common Stock
as  shall  (subject  to  any  additional  requirements  of  the  Company  as  to
reservation  of such  shares set forth in the  Purchase  Agreement)  be issuable
(taking into account the adjustments and  restrictions of Section 4(b)) upon the
conversion  of the  outstanding  principal  amount of the Notes and  payment  of
interest  hereunder.  The Company covenants that all shares of Common Stock that
shall be so issuable shall, upon issue, be duly and validly  authorized,  issued
and fully paid, and nonassessable.

     (e) Upon a conversion  hereunder the Company shall not be required to issue
stock certificates representing fractions of shares of the Common Stock, but may
if otherwise permitted,  make a cash payment in respect of any final fraction of
a share based on the Closing Price at such time.  If the Company  elects not, or
is unable, to make such a cash payment, the Holder shall be entitled to receive,
in lieu of the final fraction of a share, one whole share of Common Stock.

     (f) The issuance of certificates  for securities on conversion of the Notes
shall be made without charge to the Holders thereof for any documentary stamp or
similar  taxes that may be payable in respect of the issue or  delivery  of such
certificate, provided that the Company shall not be required to pay any tax that
may be payable in respect of any transfer  involved in the issuance and delivery
of any such  certificate upon conversion in a name other than that of the Holder
of such Notes so  converted  and the  Company  shall not be required to issue or
deliver such certificates  unless or until the person or persons  requesting the
issuance  thereof shall have paid to the Company the amount of such tax or shall
have established to the satisfaction of the Company that such tax has been paid.

     (g) Any  and all  notices  or  other  communications  or  deliveries  to be
provided by the Holders hereunder, including, without limitation, any Conversion
Notice, shall be in writing and delivered  personally,  by facsimile,  sent by a
nationally  recognized  overnight  courier  service  or  sent  by  certified  or
registered  mail,  postage  prepaid,  addressed to the Company,  at 8115 NW 29th
Street,  Miami,  FL 33122 ,  Facsimile  No.:  (305)  477-6703,  attention  Chief
Financial Officer,  or such other address or facsimile number as the Company may
specify for such purposes by notice to the Holders  delivered in accordance with
this Section.  Any and all notices or other  communications  or deliveries to be
provided by the Company hereunder shall be in writing and delivered  personally,
by facsimile,  sent by a nationally recognized overnight courier service or sent
by certified or registered mail,  postage  prepaid,  addressed to each Holder at
the facsimile  telephone number or address of such Holder appearing on the books
of the Company,  or if no such facsimile telephone number or address appears, at
the principal place of business of the Holder. Any notice or other communication
or deliveries  hereunder  shall be deemed given and effective on the earliest of
(i) the date of  transmission,  if such notice or communication is delivered via
facsimile at the facsimile  telephone  number specified in this Section prior to
6:30 p.m. (New York City time), (ii) the date after the date of transmission, if
such  notice or  communication  is  delivered  via  facsimile  at the  facsimile
telephone  number  specified in this Section later than 6:30 p.m. (New York City
time) on any date and earlier than 11:59 p.m. (New York City time) on such date,
(iii) four days after deposit in the United  States mail,  (iv) the Business Day
following  the  date of  mailing,  if sent by  nationally  recognized  overnight
courier service,  or (v) upon actual receipt by the party to whom such notice is
required to be given.

                                       8
<PAGE>

Section 5. Prepayment.

     (a) The Company  shall have the right at any time,  upon ten Trading  Days'
notice  to the  Holders  (a  "Prepayment  Notice"  and the date  such  notice is
received by the Holders,  the "Notice Date"), to prepay, in full or in part, the
principal  amount of the Notes then held by the Holders at a cash price equal to
the principal amount to be prepaid plus all accrued interest thereon, subject to
the  Holder's  continuing  right to receive  Warrants in lieu of  interest  (the
"Prepayment Price"). The prepayment contemplated by this Section shall occur pro
rata among the Holders by reference to the  original  principal  amount of Notes
acquired by all Holders on the Original Issue Date.

     (b) The  Prepayment  Price is due on the tenth  Trading Day  following  the
Notice Date (the  "Prepayment  Date").  If any portion of the  Prepayment  Price
shall not be paid by the  Company  by  expiration  of such  tenth  Trading  Day,
interest  shall accrue thereon at the rate of 18% per annum (or the maximum rate
permitted by applicable law,  whichever is less) until the Prepayment Price plus
all such interest is paid in full. In addition, if any portion of the Prepayment
Price remains unpaid after such date, the Holders subject to such prepayment may
elect,  by  written  notice  to the  Company  given at any time  thereafter,  to
invalidate ab initio such prepayment,  notwithstanding anything herein contained
to the contrary.  If a Holder elects to invalidate  such  prepayment the Company
shall  promptly,  and,  in any event,  not later than  three  Trading  Days from
receipt of such Holder's  notice of such election,  return to such Holder all of
the  Notes  for which  the  Prepayment  Price  shall not have been paid in full.
Notwithstanding  anything  herein to the  contrary,  the Holders may convert any
portion of the outstanding  principal  amount of this Note which is subject to a
Prepayment Notice on or before the Prepayment Date.

     (c) If, prior to the Maturity Date, the Company  receives net proceeds from
the  Private  Placement  in an amount in excess  of $4.5  million  (the  "Excess
Proceeds"),  the Company  shall,  within five (5) business  days  following  the
receipt of such Excess Proceeds, prepay the Notes, pro rata among the Holders by
reference to the original  principal  amount of the Notes, in an amount equal to
the lesser of the Excess Proceeds or the remaining  outstanding principal amount
of the Notes plus accrued but unpaid interest.  Such prepayment shall be applied
first to the payment of any accrued but unpaid interest on the Notes and then to
the outstanding principal.

     Section 6. Definitions.  For the purposes hereof, the following terms shall
have the following meanings:

     "Business  Day"  means 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 or the State of Florida  are  authorized  or  required  by law or other
government action to close.

     "Change  of  Control  Transaction"  means the  occurrence  of any of (i) an
acquisition  after the date hereof by an  individual  or legal entity or "group"
(as  described  in Rule  13d-5(b)(1)  promulgated  under  the  Exchange  Act) of
effective  control  (whether  through legal or  beneficial  ownership of capital
stock of the  Company,  by  contract  or  otherwise)  of in excess of 40% of the
voting  securities of the Company in a transaction or series of transactions not
approved by the Board of  directors of the Company,  (ii) a  replacement  at one
time or over time of more than one-half of the members of the Company's board of
directors  which is not  approved  by a majority  of those  individuals  who are
members of the board of  directors  on the date hereof (or by those  individuals
who are  serving  as  members  of the  board  of  directors  on any  date  whose
nomination  to the board of directors  was approved by a majority of the members
of the board of directors who are members on the date hereof),  (iii) the merger
of the  Company  with or into  another  entity that is not  wholly-owned  by the
Company,  consolidation  or sale of 60% or more of the assets of the  Company in
one or a series of related transactions, or (iv) the execution by the Company of
an agreement to which the Company is a party or by which it is bound,  providing
for any of the events set forth above in (i), (ii) or (iii).

                                       9
<PAGE>

     "Closing  Price" means on any particular  date (a) the  closing sales price
per share of  Common  Stock on such  date on the  NASDAQ  or on such  Subsequent
Market on which the  shares of Common  Stock are then  listed or  quoted,  or if
there is no such price on such date,  then the closing sales price on the NASDAQ
or on such Subsequent  Market on the date nearest preceding such date, or (b) if
the  shares of Common  Stock  are not then  listed or quoted on the  NASDAQ or a
Subsequent  Market,  the closing  sales price for a share of Common Stock in the
OTC Bulletin Board, as reported by 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 shares of Common Stock are
not then  reported by 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 shares of Common Stock are
not then  publicly  traded the fair market  value of a share of Common  Stock as
determined  by an Appraiser  selected in good faith by the Holders of a majority
in interest of the principal amount of Notes then outstanding.

     "Commission" means the Securities and Exchange Commission.

     "Common Stock" means the common stock,  $.00001 par value per share, of the
Company and stock of any other class into which such shares may  hereafter  have
been reclassified or changed.

     "Exchange Act" means the Securities Exchange Act of 1934, as amended.

     "Loan Agreement" means the Bridge Loan Agreement,  dated as of the Original
Issue  Date,  to which the  Company  and the  original  Holder are  parties,  as
amended,  modified  or  supplemented  from time to time in  accordance  with its
terms.

     "Original  Issue  Date"  shall mean the date of the first  issuance  of the
Notes  regardless  of the number of transfers of any Note and  regardless of the
number of instruments which may be issued to evidence such Note.

     "Person" means a corporation, an association, a partnership,  organization,
a business,  an individual,  a government or political  subdivision thereof or a
governmental agency.

     "Securities Act" means the Securities Act of 1933, as amended.

     "Trading  Day"  means  (a) a  day on which the  shares of Common  Stock are
traded on the NASDAQ or on such Subsequent  Market on which the shares of Common
Stock are then  listed or quoted,  or (b) if the shares of Common  Stock are not
listed on the NASDAQ or a Subsequent Market, a day on which the shares of Common
Stock are traded in the over-the-counter market, as reported by the OTC Bulletin
Board,  or (c) if the shares of Common  Stock are not quoted on the OTC Bulletin
Board,   a  day  on  which  the  shares  of  Common  Stock  are  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,  that in the event that the shares of Common Stock
are 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.
"Transaction Documents" shall have the meaning set forth in the Loan Agreement.

                                       10
<PAGE>

     "Underlying Shares" means the securities issuable upon conversion of Notes,
shares of Common Stock underlying warrants issuable upon conversion of Notes, or
the shares of Common Stock underlying  warrants  issuable as payment of interest
in accordance with the terms hereof.

     Section 7. Except as expressly  provided herein,  no provision of this Note
shall alter or impair the  obligation  of the  Company,  which is  absolute  and
unconditional, to pay the principal of, interest and liquidated damages (if any)
on, this Note at the time, place, and rate, and in the coin or currency,  herein
prescribed.  This Note is a direct  obligation  of the Company.  This Note ranks
pari  passu with all other  Notes now or  hereafter  issued  under the terms set
forth herein. As long as there are Notes outstanding,  the Company shall not and
shall cause it  subsidiaries  not to,  without the consent of the  Holders,  (i)
amend its certificate of incorporation,  bylaws or other charter documents so as
to adversely affect any rights of the Holders;  (ii) repay,  repurchase or offer
to repay,  repurchase or otherwise  acquire  shares of its Common Stock or other
equity securities other than as to the Underlying Shares to the extent permitted
or required under the Transaction  Documents;  or (iii) enter into any agreement
with respect to any of the  foregoing;  or (iv) incur  additional  indebtedness,
other than  indebtedness  ranking  junior to the  Notes.  The  Company  may only
voluntarily  prepay the outstanding  principal amount on the Notes in accordance
with Section 5 hereof.

     Section 8. This Note shall not entitle the Holder to any of the rights of a
stockholder of the Company,  including without limitation, the right to vote, to
receive  dividends and other  distributions,  or to receive any notice of, or to
attend, meetings of stockholders or any other proceedings of the Company, unless
and to the extent  converted into shares of Common Stock in accordance  with the
terms hereof.

     Section 9. If this Note shall be mutilated,  lost, stolen or destroyed, the
Company shall  execute and deliver,  in exchange and  substitution  for and upon
cancellation of a mutilated  Note, or in lieu of or in substitution  for a lost,
stolen or destroyed  Note, a new Note for the  principal  amount of this Note so
mutilated,  lost,  stolen or destroyed but only upon receipt of evidence of such
loss,  theft or  destruction  of such Note,  and of the  ownership  hereof,  and
indemnity, if requested, all reasonably satisfactory to the Company.

     Section  10. No  indebtedness  of the  Company,  except  for the 6% secured
Convertible Debentures in the original principal amount of $3,000,000, is senior
to this Note in right of payment,  whether with respect to interest,  damages or
upon liquidation or dissolution or otherwise.  The Company will not and will not
permit any of its subsidiaries to, directly or indirectly,  enter into,  create,
incur,  assume  or  suffer to exist  any  indebtedness  of any kind,  on or with
respect to any of its property or assets now owned or hereafter  acquired or any
interest  therein or any income or profits  therefrom  that is senior to or pari
passu with the indebtedness under this Note.

     Section 11. This Note shall be governed by and construed in accordance with
the laws of the State of Florida,  without  giving  effect to  conflicts of laws
thereof.  The Company and the Holder hereby irrevocably submits to the exclusive
jurisdiction  of the state and federal courts sitting in the City of Miami,  for
the adjudication of any dispute hereunder or in connection  herewith or with any
transaction  contemplated  hereby or discussed  herein,  and hereby  irrevocably
waives,  and agrees not to assert in any suit,  action or proceeding,  any claim
that it is not personally subject to the jurisdiction of any such court, or that
such suit, action or proceeding is improper.  Each of the Company and the Holder
hereby  irrevocably  waives personal  service of process and consents to process
being served in any such suit,  action or proceeding by receiving a copy thereof
sent to the  Company  at the  address  in effect  for  notices  to it under this
instrument  and agrees that such service shall  constitute  good and  sufficient
service of process and notice thereof.  Nothing contained herein shall be deemed
to limit in any way any right to serve process in any manner permitted by law.

                                       11
<PAGE>

     Section  12.  Any  waiver by the  Company  or the Holder of a breach of any
provision  of this Note shall not operate as or be  construed  to be a waiver of
any other breach of such  provision  or of any breach of any other  provision of
this Note.  The  failure of the  Company  or the  Holder to insist  upon  strict
adherence  to any  term of  this  Note on one or  more  occasions  shall  not be
considered a waiver or deprive that party of the right thereafter to insist upon
strict adherence to that term or any other term of this Note. Any waiver must be
in writing.

     Section  13.  If  any  provision  of  this  Note  is  invalid,  illegal  or
unenforceable,  the  balance  of this Note shall  remain in  effect,  and if any
provision is inapplicable to any person or circumstance,  it shall  nevertheless
remain applicable to all other persons and  circumstances.  If it shall be found
that any interest or other amount deemed  interest due  hereunder  shall violate
applicable laws governing  usury,  the applicable rate of interest due hereunder
shall  automatically be lowered to equal the maximum permitted rate of interest.
The Company  covenants  (to the extent that it may lawfully do so) that it shall
not at any time insist upon,  plead, or in any manner  whatsoever  claim or take
the benefit or advantage of, any stay, extension or usury law or other law which
would  prohibit  or forgive  the  Company  from paying all or any portion of the
principal of or interest on the Notes as contemplated herein,  wherever enacted,
now or at any time hereafter in force,  or which may affect the covenants or the
performance of this indenture, and the Company (to the extent it may lawfully do
so) hereby  expressly  waives all  benefits or  advantage  of any such law,  and
covenants that it will not, by resort to any such law, hinder,  delay or impeded
the  execution  of any power herein  granted to the Holder,  but will suffer and
permit the execution of every such as though no such law has been enacted.

     Section 14. Whenever any payment or other obligation hereunder shall be due
on a day other  than a  Business  Day,  such  payment  shall be made on the next
succeeding Business Day.

                   [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK
                             SIGNATURE PAGE FOLLOWS]

                                       12
<PAGE>

     IN WITNESS WHEREOF, the Company has caused this Collateralized  Convertible
Bridge Loan Note to be duly executed by a duly authorized officer as of the date
first above indicated.

                                                FUSION NETWORKS HOLDINGS, INC.

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

                                       13
<PAGE>

                                    EXHIBIT A

                              NOTICE OF CONVERSION

(To be Executed by the Registered Holder
in order to Convert the Note)

The  undersigned  hereby elects to convert the attached Note into  securities of
Fusion  Networks  Holdings  Inc.  (the  "Company")  according to the  conditions
hereof,  as of the date written below. If shares are to be issued in the name of
a person other than  undersigned,  the  undersigned  will pay all transfer taxes
payable with respect thereto and is delivering  herewith such  certificates  and
opinions as reasonably requested by the Company in accordance therewith.  No fee
will be  charged  to the holder  for any  conversion,  except for such  transfer
taxes, if any.

Conversion calculations:
                                -------------------------------------------
                                Date to Effect Conversion

                                -------------------------------------------
                                Principal Amount of Notes to be Converted

                                -------------------------------------------
                                Title of Securities to be Issued

                                -------------------------------------------
                                Number of Securities to be Issued

                                -------------------------------------------
                                Conversion Price

                                -------------------------------------------
                                Signature

                                -------------------------------------------
                                Name

                                -------------------------------------------
                                AddressEXHIBIT B

NEITHER THESE  SECURITIES  NOR THE  SECURITIES  INTO WHICH THESE  SECURITIES ARE
EXERCISABLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE  COMMISSION OR
THE  SECURITIES  COMMISSION  OF ANY STATE IN  RELIANCE  UPON AN  EXEMPTION  FROM
REGISTRATION  UNDER SECURITIES ACT OF 1933, AS AMENDED (THE  "SECURITIES  ACT"),
AND,  ACCORDINGLY,  MAY NOT BE OFFERED OR SOLD EXCEPT  PURSUANT TO AN  EFFECTIVE
REGISTRATION  STATEMENT  UNDER THE  SECURITIES  ACT OR PURSUANT TO AN  AVAILABLE
EXEMPTION FROM THE REGISTRATION  REQUIREMENTS  THEREUNDER AND IN COMPLIANCE WITH
APPLICABLE STATE SECURITIES OR BLUE SKY LAWS.

                          FUSION NETWORK HOLDINGS, INC.
                               BRIDGE LOAN WARRANT

Warrant No. 1                                           Dated: October ___, 2000

     Fusion Networks  Holdings,  Inc., a Delaware  corporation  (the "Company"),
hereby  certifies  that,  for  value  received,  [ ] or its  registered  assigns
("Holder"), is entitled,  subject to the terms set forth below, to purchase from
the Company up to a total of _____________  shares of common stock,  $.00001 par
value per share  (the  "Common  Stock"),  of the  Company  (each such  share,  a
"Warrant Share" and all such shares,  the "Warrant Shares") at an exercise price
equal to  $_________  per share (as  adjusted  from time to time as  provided in
Section  8, the  "Exercise  Price"),  at any time and from time to time from and
after the date hereof and through and  including  the fifth  anniversary  of the
date hereof (the  "Expiration  Date"),  and subject to the terms and  conditions
below. This Warrant is one of a series of warrants issued in connection with the
making of a loan to the Company in an aggregate amount up to $1,500,000 pursuant
to which the  Company  has agreed to issue  warrants  to  purchase  one share of
Common Stock for each $4.00 loaned.

     1. Registration of Warrant.  The Company shall register this Warrant,  upon
records  to be  maintained  by  the  Company  for  that  purpose  (the  "Warrant
Register"),  in the name of the  record  Holder  hereof  from time to time.  The
Company may deem and treat the registered Holder of this Warrant as the absolute
owner hereof for the purpose of any exercise  hereof or any  distribution to the
Holder,  and for all other  purposes,  and the Company  shall not be affected by
notice to the contrary.

     2. Registration of Transfers and Exchanges.

          (a) The Company  shall  register  the  transfer of any portion of this
     Warrant in the Warrant Register,  upon surrender of this Warrant,  with the
     Form of  Assignment  attached  hereto duly  completed  and  signed,  to the
     Transfer  Agent or to the  Company at its  address  for notice set forth in
     Section  11.  Upon any such  registration  or  transfer,  a new  warrant to
     purchase Common Stock, in substantially  the form of this Warrant (any such
     new warrant,  a "New  Warrant"),  evidencing the portion of this Warrant so
     transferred shall be issued to the transferee and a New Warrant  evidencing
     the remaining portion of this Warrant not so transferred,  if any, shall be
     issued to the transferring Holder. The acceptance of the New Warrant by the
     transferee thereof shall be deemed the acceptance of such transferee of all
     of the rights and obligations of a holder of a Warrant.
<PAGE>

          (b) This Warrant is  exchangeable,  upon the  surrender  hereof by the
     Holder to the office of the  Company at its address for notice set forth in
     Section 11 for one or more New  Warrants,  evidencing  in the aggregate the
     right to purchase the number of Warrant  Shares which may then be purchased
     hereunder. Any such New Warrant will be dated the date of such exchange.

     3. Duration and Exercise of Warrants.

          (a) This Warrant shall be exercisable by the registered  Holder on any
     business  day before  6:30 P.M.,  New York City time,  at any time and from
     time to time on or after the date hereof to and  including  the  Expiration
     Date. At 6:30 P.M., New York City time on the Expiration  Date, the portion
     of this Warrant not exercised prior thereto shall be and become void and of
     no  value.  Prior  to the  Expiration  Date,  the  Company  may not call or
     otherwise  redeem this  Warrant  without the prior  written  consent of the
     Holder.

          (b) Upon  delivery of a duly  completed and signed Form of Election to
     Purchase attached hereto to the Company at its address for notice set forth
     in Section 11 and upon  payment of the  Exercise  Price  multiplied  by the
     number of Warrant Shares that the Holder intends to purchase hereunder,  in
     the manner provided  hereunder,  all as specified by the Holder in the Form
     of Election to Purchase,  the Company shall promptly (but in no event later
     than 3 business days after the Date of Exercise (as defined  herein)) issue
     or cause to be issued  and  cause to be  delivered  to or upon the  written
     order of the Holder and in such name or names as the Holder may  designate,
     a certificate for the Warrant Shares  issuable upon such exercise,  free of
     restrictive  legends  except (i)  either in the event  that a  registration
     statement  covering the resale of the Warrant  Shares and naming the Holder
     as a selling  stockholder  thereunder is not then  effective or the Warrant
     Shares are not freely transferable without volume restrictions  pursuant to
     Rule 144(k)  promulgated  under the Securities Act of 1933, as amended (the
     "Securities  Act"), or (ii) if this Warrant shall have been issued pursuant
     to a written  agreement  between the original  Holder and the  Company,  as
     required  by such  agreement.  Any  person so  designated  by the Holder to
     receive  Warrant  Shares shall be deemed to have become holder of record of
     such Warrant Shares as of the Date of Exercise of this Warrant. The Company
     shall,  upon request of the Holder,  if available,  use its best efforts to
     deliver  Warrant  Shares  hereunder  electronically  through the Depository
     Trust Corporation or another established  clearing  corporation  performing
     similar functions.

          A "Date of  Exercise"  means the date on which the Company  shall have
     received (i) the Form of Election to Purchase  attached hereto (or attached
     to such New Warrant)  appropriately  completed  and duly  signed,  and (ii)
     payment of the Exercise Price for the number of Warrant Shares so indicated
     by the holder hereof to be purchased.

                                       2
<PAGE>

          (c) This Warrant shall be exercisable, either in its entirety or, from
     time to time, for a portion of the number of Warrant  Shares.  If less than
     all of the Warrant  Shares  which may be  purchased  under this Warrant are
     exercised at any time, the Company shall issue,  or cause to be issued,  at
     its expense,  a New Warrant  evidencing the right to purchase the remaining
     number of Warrant  Shares for which no exercise has been  evidenced by this
     Warrant.

     4. Piggyback Registration Rights. The Company covenants and agrees with any
holder of the Warrant or the Warrant  Shares (the Warrant and the Warrant Shares
are referred to collectively as the  "Registrable  Securities")  that if, at any
time  during  the  term of the  Warrant,  it  proposes  to  file a  registration
statement with respect to any class of equity or equity-related  security (other
than in connection with an offering to the Company's  employees or in connection
with an acquisition,  merger or similar transaction) under the Securities Act in
a  primary  registration  on  behalf  of  the  Company  and/or  in  a  secondary
registration on behalf of holders of such securities and the  registration  form
to be used may be used  for  registration  of the  Registrable  Securities,  the
Company will give prompt written  notice  (which,  in the case of a registration
statement pursuant to the exercise of demand registration rights shall be within
ten (10) business  days after the  Company's  receipt of notice of such exercise
and,  in any  event,  shall  be at least 30 days  prior to such  filing)  to the
holders of Registrable  Securities at the addresses  appearing on the records of
the Company of its intention to file a registration  statement and will offer to
include in such  registration  statement such number of  Registrable  Securities
with respect to which the Company has received  written  requests for  inclusion
therein within ten (10) days after the giving of notice by the Company,  subject
to the right of the Company to exclude from the  registration  statement some or
all of the Registrable  Securities if, and only if, the Company has been advised
in writing by any underwriter named in any such registration  statement that the
distribution  of the  Registrable  Securities  requested  to be  included in the
registration  statement would  materially  adversely  affect the distribution of
securities  by the Company  contemplated  by such  registration  statement.  All
registrations  requested  pursuant to this  Section 4 will be made solely at the
Company's expense,  other than discounts or commissions  relating to the sale of
the  Registrable  Securities  and fees, if any, of counsel for the holder of the
Registrable  Securities.  This  Section  is  not  applicable  to a  registration
statement filed by the Company on Forms S-4 or S-8 or any successor forms.

     The Company's  obligations under this Section 4 shall be conditioned upon a
timely receipt by the Company in writing of: (i)  information as to the terms of
such public  offering  furnished  by or on behalf of each holder of  Registrable
Securities  intending to make a public  offering of his, her or its  Registrable
Securities,  and (ii) such  other  information  as the  Company  may  reasonably
require from such holders,  or any underwriter for any of them, for inclusion in
such registration statement.

     5.  Payment of Taxes.  The  Company  will pay all  documentary  stamp taxes
attributable  to the  issuance  of  Warrant  Shares  upon the  exercise  of this
Warrant;  provided,  however,  that the Company shall not be required to pay any
tax which may be payable in respect of any transfer involved in the registration
of any  certificates for Warrant Shares or Warrants in a name other than that of
the Holder. The Holder shall be responsible for all other tax liability that may
arise as a result of holding or transferring  this Warrant or receiving  Warrant
Shares upon exercise hereof.
                                       3
<PAGE>

     6. Replacement of Warrant.  If this Warrant is mutilated,  lost,  stolen or
destroyed,  the  Company  shall  issue or cause to be  issued  in  exchange  and
substitution for and upon  cancellation  hereof,  or in lieu of and substitution
for this Warrant,  a New Warrant,  but only upon receipt of evidence  reasonably
satisfactory to the Company of such loss, theft or destruction and indemnity, if
requested,  satisfactory  to  it.  Applicants  for  a  New  Warrant  under  such
circumstances  shall also  comply  with such other  reasonable  regulations  and
procedures and pay such other reasonable charges as the Company may prescribe.

     7. Reservation of Warrant Shares. The Company covenants that it will at all
times  reserve and keep  available out of the  aggregate of its  authorized  but
unissued  Common  Stock,  solely for the purpose of enabling it to issue Warrant
Shares upon exercise of this Warrant as herein  provided,  the number of Warrant
Shares which are then issuable and deliverable  upon the exercise of this entire
Warrant,  free from preemptive  rights or any other actual  contingent  purchase
rights of persons other than the Holder (taking into account the adjustments and
restrictions  of Section 8). The Company  covenants that all Warrant Shares that
shall be so issuable and deliverable shall, upon issuance and the payment of the
applicable  Exercise  Price in  accordance  with the terms  hereof,  be duly and
validly authorized, issued and fully paid and nonassessable.

     8. Certain  Adjustments.  The Exercise  Price and number of Warrant  Shares
issuable upon  exercise of this Warrant are subject to  adjustment  from time to
time as set forth in this Section 8. Upon each such  adjustment  of the Exercise
Price  pursuant  to this  Section 8, the Holder  shall  thereafter  prior to the
Expiration  Date be entitled to purchase,  at the Exercise Price  resulting from
such  adjustment,  the number of Warrant  Shares  obtained  by  multiplying  the
Exercise Price in effect  immediately  prior to such adjustment by the number of
Warrant Shares issuable upon exercise of this Warrant  immediately prior to such
adjustment and dividing the product thereof by the Exercise Price resulting from
such adjustment.

          (a) If the Company, at any time while this Warrant is outstanding, (i)
     shall pay a stock dividend (except scheduled  dividends paid on outstanding
     preferred stock as of the date hereof which contain a stated dividend rate)
     or otherwise make a distribution or  distributions  on shares of its Common
     Stock or on any other  class of capital  stock  payable in shares of Common
     Stock,  (ii)  subdivide  outstanding  shares of Common  Stock into a larger
     number of shares, or (iii) combine  outstanding shares of Common Stock into
     a smaller  number of shares,  the Exercise  Price shall be  multiplied by a
     fraction  of which the  numerator  shall be the  number of shares of Common
     Stock (excluding treasury shares, if any) outstanding before such event and
     of which the  denominator  shall be the  number  of shares of Common  Stock
     (excluding  treasury  shares,  if any)  outstanding  after such event.  Any
     adjustment made pursuant to this Section shall become effective immediately
     after the record date for the  determination  of  stockholders  entitled to
     receive  such  dividend  or   distribution   and  shall  become   effective
     immediately  after  the  effective  date in the  case of a  subdivision  or
     combination, and shall apply to successive subdivisions and combinations.
                                       4
<PAGE>
          (b)  In  case  of any  reclassification  of the  Common  Stock  or any
     compulsory  share exchange  pursuant to which the Common Stock is converted
     into other  securities,  cash or  property,  then the Holder shall have the
     right thereafter to exercise this Warrant only into the shares of stock and
     other  securities  and  property  receivable  upon or  deemed to be held by
     holders of Common Stock following such  reclassification or share exchange,
     and the Holder shall be entitled  upon such event to receive such amount of
     securities  or property  equal to the amount of Warrant  Shares such Holder
     would  have  been  entitled  to had  such  Holder  exercised  this  Warrant
     immediately prior to such reclassification or share exchange.  The terms of
     any such  reclassification or share exchange shall include such terms so as
     to continue to give to the Holder the right to receive  the  securities  or
     property set forth in this Section  8(b) upon any  exercise  following  any
     such reclassification or share exchange.

          (c) If the  Company,  at any time while this  Warrant is  outstanding,
     shall distribute to all holders of Common Stock (and not to holders of this
     Warrant)  evidences of its  indebtedness or assets or rights or warrants to
     subscribe  for or purchase any  security  (excluding  those  referred to in
     Sections 8(a) and (b)),  then in each such case the Exercise Price shall be
     determined by multiplying the Exercise Price in effect immediately prior to
     the record date fixed for determination of stockholders entitled to receive
     such  distribution  by a  fraction  of which the  denominator  shall be the
     Exercise  Price  determined as of the record date mentioned  above,  and of
     which the numerator  shall be such Exercise  Price on such record date less
     the then fair  market  value at such  record  date of the  portion  of such
     assets  or  evidence  of  indebtedness  so  distributed  applicable  to one
     outstanding  share of Common Stock as  determined  by the  Company's  chief
     financial  officer  or  independent   certified  public   accountants  that
     regularly   examines   the   financial   statements   of  the  Company  (an
     "Appraiser").

          (d) In case of any (1) merger or  consolidation of the Company with or
     into another  Person,  or (2) sale by the Company of more than  one-half of
     the assets of the  Company  (on a book  value  basis) in one or a series of
     related  transactions,  the Holder shall have the right  thereafter  to (A)
     exercise  this Warrant for the shares of stock and other  securities,  cash
     and  property  receivable  upon or deemed to be held by  holders  of Common
     Stock following such merger, consolidation or sale, and the Holder shall be
     entitled upon such event or series of related events to receive such amount
     of securities, cash and property as the Common Stock for which this Warrant
     could have been exercised  immediately prior to such merger,  consolidation
     or sales  would  have  been  entitled,  or (B) in the  case of a merger  or
     consolidation,  (x)  require the  surviving  entity to issue  common  stock
     purchase  warrants equal to the number Warrant Shares to which this Warrant
     then permits,  which newly warrant shall be identical to this Warrant,  and
     (y) simultaneously with the issuance of such warrant,  shall have the right
     to exercise  such warrant  only into shares of stock and other  securities,
     cash and property receivable upon or deemed to be held by holders of Common
     Stock  following such merger or  consolidation.  In the case of clause (B),
     the exercise  price for such new warrant  shall be based upon the amount of
     securities, cash and property that each share of Common Stock would receive
     in such  transaction  and the Exercise  Price of this  Warrant  immediately
     prior to the effectiveness or closing date for such transaction.  The terms
     of any such merger,  sale or  consolidation  shall include such terms so as
     continue to give the Holder the right to receive the  securities,  cash and
     property  set  forth in this  Section  upon any  conversion  or  redemption
     following such event.  This provision  shall  similarly apply to successive
     such events.
                                       5
<PAGE>

          (e) For the purposes of this Section 8, the  following  clauses  shall
     also be applicable:

               (i) Record Date.  In case the Company  shall take a record of the
          holders of its Common Stock for the purpose of  entitling  them (A) to
          receive a dividend or other distribution payable in Common Stock or in
          securities convertible or exchangeable into shares of Common Stock, or
          (B)  to  subscribe   for  or  purchase   Common  Stock  or  securities
          convertible  or  exchangeable  into shares of Common Stock,  then such
          record date shall be deemed to be the date of the issue or sale of the
          shares of  Common  Stock  deemed to have been  issued or sold upon the
          declaration of such dividend or the making of such other  distribution
          or the date of the granting of such right of subscription or purchase,
          as the case may be.

               (ii)  Treasury  Shares.  The  number of  shares  of Common  Stock
          outstanding  at any given time shall not include  shares owned or held
          by or for the account of the Company,  and the disposition of any such
          shares shall be considered an issue or sale of Common Stock.

          (f) All calculations under this Section 8 shall be made to the nearest
     cent or the nearest 1/100th of a share, as the case may be.

          (g) If:

               (i)  the  Company   shall   declare  a  dividend  (or  any  other
          distribution) on its Common Stock; or

               (ii) the Company shall declare a special nonrecurring dividend on
          or a redemption of its Common Stock; or

               (iii)the  Company shall authorize the granting to all holders the
          Common  Stock  rights or warrants  to  subscribe  for or purchase  any
          shares of capital stock of any class or of rights; or

               (iv) the  approval of any  stockholders  of the Company  shall be
          required in connection with any  reclassification of the Common Stock,
          any  consolidation or merger to which the Company is a party, any sale
          or transfer of all or substantially  all of the assets of the Company,
          or any compulsory share exchange whereby the Common Stock is converted
          into other securities, cash or property; or

               (v)  the  Company  shall  authorize  the  voluntary  dissolution,
          liquidation or winding up of the affairs of the Company,

                                       6
<PAGE>

          then the Company shall cause to be mailed to each Holder at their last
          addresses as they shall appear upon the Warrant Register,  at least 20
          calendar  days  prior  to the  applicable  record  or  effective  date
          hereinafter specified, a notice stating (x) the date on which a record
          is to be  taken  for  the  purpose  of  such  dividend,  distribution,
          redemption, rights or warrants, or if a record is not to be taken, the
          date as of which the holders of Common  Stock of record to be entitled
          to such dividend, distributions, redemption, rights or warrants are to
          be  determined  or  (y)  the  date  on  which  such  reclassification,
          consolidation, merger, sale, transfer or share exchange is expected to
          become  effective  or close,  and the date as of which it is  expected
          that  holders of Common  Stock of record shall be entitled to exchange
          their shares of Common Stock for  securities,  cash or other  property
          deliverable upon such reclassification,  consolidation,  merger, sale,
          transfer,  share  exchange,  dissolution,  liquidation  or winding up;
          provided,  however, that the failure to mail such notice or any defect
          therein or in the mailing thereof shall not affect the validity of the
          corporate action required to be specified in such notice.

     9. Payment of Exercise  Price.  The Holder shall pay the Exercise  Price by
delivery to the Company of immediately available funds.

     10. Fractional  Shares. The Company shall not be required to issue or cause
to be issued  fractional  Warrant  Shares on the exercise of this  Warrant.  The
number of full Warrant  Shares which shall be issuable upon the exercise of this
Warrant shall be computed on the basis of the aggregate number of Warrant Shares
purchasable  on  exercise of this  Warrant so  presented.  If any  fraction of a
Warrant Share would,  except for the provisions of this Section,  be issuable on
the exercise of this  Warrant,  the Company shall pay an amount in cash equal to
the Exercise Price multiplied by such fraction.

     11.  Notices.  Any and all notices or other  communications  or  deliveries
hereunder  shall be in writing and shall be deemed  given and  effective  on the
earliest of (i) the date of  transmission,  if such notice or  communication  is
delivered  via  facsimile at the facsimile  telephone  number  specified in this
Section  prior to 6:30 p.m.  (New York City  time) on a business  day,  (ii) the
business day after the date of transmission,  if such notice or communication is
delivered  via  facsimile at the facsimile  telephone  number  specified in this
Section  later than 6:30 p.m.  (New York City time) on any date and earlier than
11:59 p.m.  (New York City time) on such date,  (iii) the business day following
the date of mailing, if sent by nationally recognized overnight courier service,
or (iv) upon  actual  receipt by the party to whom such notice is required to be
given. The addresses for such communications shall be: (i) if to the Company, to
Fusion Networks  Holdings,  Inc., 8115 N.W. 29th Street,  Miami,  Florida 33122,
Facsimile  No.:(305)  477-6703 attn:  Chief Financial  Officer or (ii) if to the
Holder,  to the  Holder at the  address or  facsimile  number  appearing  on the
Warrant  Register or such other  address or  facsimile  number as the Holder may
provide to the Company in accordance with this Section.

                                       7
<PAGE>
     12.  Warrant  Agent.  The Company  shall serve as warrant  agent under this
Warrant.  Upon thirty days' notice to the Holder,  the Company may appoint a new
warrant agent.  Any corporation  into which the Company or any new warrant agent
may be merged or any corporation  resulting from any  consolidation to which the
Company or any new warrant  agent shall be a party or any  corporation  to which
the  Company  or  any  new  warrant  agent  transfers  substantially  all of its
corporate trust or shareholders  services  business shall be a successor warrant
agent under this Warrant  without any further act.  Any such  successor  warrant
agent shall  promptly  cause  notice of its  succession  as warrant  agent to be
mailed (by first class mail, postage prepaid) to the Holder at the Holder's last
address as shown on the Warrant Register.

     13. Miscellaneous.

          (a) This  Warrant  shall be binding on and inure to the benefit of the
     parties hereto and their  respective  successors and assigns.  This Warrant
     may be amended  only in writing  signed by the  Company  and the Holder and
     their successors and assigns.

          (b) Subject to Section 13(a), above,  nothing in this Warrant shall be
     construed to give to any person or  corporation  other than the Company and
     the  Holder  any  legal or  equitable  right,  remedy or cause  under  this
     Warrant.  This Warrant shall inure to the sole and exclusive benefit of the
     Company and the Holder.

          (c) The  corporate  laws of the State of  Delaware  shall  govern  all
     issues  concerning the relative rights of the Company and its stockholders.
     All other questions concerning the construction,  validity, enforcement and
     interpretation  of this  Warrant  shall be  governed by and  construed  and
     enforced  in  accordance  with the  internal  laws of the State of Florida,
     without regard to the  principles of conflicts of law thereof.  The Company
     and the Holder hereby irrevocably  submit to the exclusive  jurisdiction of
     the  state  and  federal  courts  sitting  in the  City of  Miami,  for the
     adjudication of any dispute hereunder or in connection herewith or with any
     transaction contemplated hereby or discussed herein, and hereby irrevocably
     waives,  and agrees not to assert in any suit,  action or  proceeding,  any
     claim that it is not  personally  subject to the  jurisdiction  of any such
     court,  or that such suit,  action or proceeding  is improper.  Each of the
     Company  and the  Holder  hereby  irrevocably  waives  personal  service of
     process and consents to process  being  served in any such suit,  action or
     proceeding  by  receiving a copy thereof sent to the Company at the address
     in effect  for  notices to it under this  instrument  and agrees  that such
     service shall constitute good and sufficient  service of process and notice
     thereof.  Nothing  contained herein shall be deemed to limit in any way any
     right to serve process in any manner permitted by law.

          (d) The headings herein are for convenience  only, do not constitute a
     part of this  Warrant and shall not be deemed to limit or affect any of the
     provisions hereof.

                                       8
<PAGE>

          (e) In case any one or more of the provisions of this Warrant shall be
     invalid or unenforceable in any respect, the validity and enforceability of
     the remaining  terms and provisions of this Warrant shall not in any way be
     affected or impaired  thereby and the parties will attempt in good faith to
     agree upon a valid and enforceable  provision which shall be a commercially
     reasonable  substitute  therefor,  and upon so agreeing,  shall incorporate
     such substitute provision in this Warrant.

     IN WITNESS WHEREOF, the Company has caused this Warrant to be duly executed
by its authorized officer as of the date first indicated above.

                                               FUSION NETWORKS HOLDINGS, INC.

                                               By:_________________________
                                               Name:
                                               Title:

Warrant#:         1
Holder:
# of Shares:
Date:
Price:            $

                                       9
<PAGE>

                          FORM OF ELECTION TO PURCHASE

(To be executed by the Holder to exercise the right to purchase shares of Common
Stock under the foregoing Warrant)

To Fusion Networks Holdings, Inc.:

     The undersigned hereby irrevocably elects to purchase  _____________ shares
of common stock, $.00001 par value per share, of Fusion Networks Holdings, Inc.,
(the "Common  Stock") and  encloses  herewith  $________  in cash,  certified or
official bank check or checks, which sum represents the aggregate Exercise Price
(as defined in the  Warrant)  for the number of shares of Common  Stock to which
this Form of Election to Purchase  relates,  together with any applicable  taxes
payable by the undersigned pursuant to the Warrant.

     The  Exercise   Price   applicable   to  the  purchase   hereunder   equals
$___________.

     The undersigned  requests that  certificates for the shares of Common Stock
issuable upon this exercise be issued in the name of:

PLEASE INSERT SOCIAL SECURITY OR
TAX IDENTIFICATION NUMBER______________________________________________

    _________________________________________________________________________
                         (Please print name and address)

     If the number of shares of Common Stock  issuable upon this exercise  shall
not be all of the shares of Common  Stock which the  undersigned  is entitled to
purchase in accordance with the enclosed Warrant,  the undersigned requests that
a New Warrant (as defined in the Warrant)  evidencing  the right to purchase the
shares of Common Stock not issuable pursuant to the exercise evidenced hereby be
issued in the name of and delivered to:

    _________________________________________________________________________
                         (Please print name and address)

Dated: _____________, 20____

                           Name of Holder:___________________________
                                                              (Print)

                           (By:)_____________________________________
                            (Name:)__________________________________
                           (Title:)___________________________________
                           (Signature must conform in all respects to name of
                             holder as specified on the face of the Warrant)

                                       10
<PAGE>

                               FORM OF ASSIGNMENT

           [To be completed and signed only upon transfer of Warrant]

     FOR VALUE  RECEIVED,  the undersigned  hereby sells,  assigns and transfers
unto  ________________________________  the  right  represented  by  the  within
Warrant  to  purchase  ____________  shares of Common  Stock of Fusion  Networks
Holdings,   Inc.,   to  which  the   within   Warrant   relates   and   appoints
________________ attorney to transfer said right on the books of Fusion Networks
Holdings, Inc., with full power of substitution in the premises.

Dated:_______________, 20____

                          _________________________________________________
                         (Signature must conform in all respects to name of
                          holder as specified on the face of the Warrant)

                          _________________________________________________
                          Address of Transferee

                          _________________________________________________

                          _________________________________________________

In the presence of:

_______________________

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00017-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00017-of-00352.parquet"}]]