CONVERTIBLE PREFERRED STOCK PURCHASE AGREEMENT
BIG ENTERTAINMENT, INC.
Dated as of November 6, 1998
CONVERTIBLE PREFERRED STOCK PURCHASE AGREEMENT (this "Agreement"), dated as of
November 6, 1998 between Big Entertainment, Inc., a Florida corporation (the "Company"), and Zubair Kazi
WHEREAS, subject to the terms and conditions set forth in this Agreement, the Company desires to issue and
sell to the Purchaser and the Purchaser desires to purchase from the Company shares of the Company's Series D
Convertible Preferred Stock, par value $.01 per share (the "Preferred Stock"), which are convertible into shares
of the Company's common stock, $.01 par value per share (the "Common Stock").
IN CONSIDERATION of the mutual covenants contained in this Agreement, and for other good and valuable
consideration, the receipt and adequacy are hereby acknowledged, the Company and Purchaser agree as
PURCHASE AND SALE OF PREFERRED STOCK
1.1 THE CLOSINGS.
(a) THE CLOSING. (i) Subject to the terms and conditions set forth in this Agreement, the Company shall issue
and sell to the Purchaser and the Purchaser shall purchase an aggregate of 50 shares of Preferred Stock (the
"Shares") for an aggregate purchase price of $500,000. The purchase price per Share shall be $10,000.00. The
closing of the purchase and sale of the Preferred Stock (the "Closing") shall occur on November 6, 1998 at the
executive offices of the Company, or shall be effected by facsimile and wire, or otherwise as the parties shall
(ii) At the Closing: (A) the Company shall deliver or cause to be delivered (1) a stock certificate representing the
Shares purchased on such date, registered in the name of the Purchaser, (2) a common stock purchase warrant,
in the form of EXHIBIT D, registered in the name of the Purchaser, pursuant to which the Purchaser shall have
the right at any time and from time to time thereafter through the fifth anniv