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**DATA      CALL TECHNOLOGIES, INC.**

**WARRANT      AGREEMENT**

**DATA      CALL TECHNOLOGIES, INC.**
**DAVID      M. LOEV, **
** **

|   | **1.** | **Representations                and Warranties**. |
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| **(a)** | ** Corporate                and Other Action**.                The Company has all requisite power and authority (corporate and                other),                and has taken all necessary corporate action, to authorize, execute,                deliver and perform this Warrant Agreement, to execute, issue, sell                and                deliver the Warrant and a certificate or certificates evidencing                the                Warrant, to authorize and reserve for issue and, upon payment from                time to                time of the Purchase Price, to issue, sell and deliver, the shares                of the                Common Stock issuable upon exercise of the Warrant (“Shares”), and to                perform all of its obligations under this Warrant Agreement and the                Warrant. The Shares, when issued in accordance with this Warrant                Agreement, will be duly authorized and validly issued and outstanding,                fully paid and nonassessable and free of all liens, claims, encumbrances                and preemptive rights. This Warrant Agreement and, when issued, each                Warrant issued pursuant hereto, has been or will be duly executed                and                delivered by the Company and is or will be a legal, valid and binding                agreement of the Company, enforceable in accordance with its terms.                No                authorization, approval, consent or other order of any governmental                entity, regulatory authority or other third party is required for                such                authorization, execution, delivery, performance, issue or                sale.  |
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| **(b)** | **No                Violation**.                The execution and delivery of this Warrant Agreement, the consummation                of                the transactions herein contemplated and the compliance with the                terms and                provisions of this Warrant Agreement and of the Warrant will not                conflict                with, or result in a breach of, or constitute a default or an event                permitting acceleration under, any statute, the Articles of Incorporation                or Bylaws of the Company or any indenture, mortgage, deed of trust,                note,                bank loan, credit agreement, franchise, license, lease, permit, or                any                other agreement, understanding, instrument, judgment, decree, order,                statute, rule or regulation to which the Company is a party or by                which it                is bound. |
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|   | **2.** | **Transfer**. |
|--------|--------|---------------|

| **(a)** | **Transferability                of Warrant**.                The Warrant Holder agrees that the Warrant is being acquired as an                investment and not with a view to distribution thereof and that;                the                Warrant may not be transferred, sold, assigned or hypothecated except                as                provided herein. The Warrant Holder further acknowledges that the                Warrant                may not be transferred, sold, assigned or hypothecated unless pursuant                to                a registration statement that has become effective under the Securities                Act of 1933, as amended (the “Act”), setting forth the terms of such                offering and other pertinent data with respect thereto, or unless                the                Warrant Holder has provided the Company with an acceptable opinion                from                acceptable counsel that such registration is not required. Certificates                representing the Warrant shall bear an appropriate legend. Notwithstanding                the foregoing, any request to transfer the Warrant must be accompanied                by                the Form of Assignment and Transfer attached hereto as Schedule 2                executed                by the Warrant Holder. |
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| **(b)** | **Registration                of Shares**.                You agree not to make any sale or other disposition of the Shares                except                pursuant to a registration statement which has become effective under                the                Act, setting forth the terms of such offering, the underwriting discount                and commissions and any other pertinent data with respect thereto,                unless                you have provided the Company with an acceptable opinion of counsel                acceptable to the Company that such registration is not required.                Certificates representing the Shares, which are not registered as                provided                in this Section 2, shall bear an appropriate legend and be subject                to a                “stop-transfer” order.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |

|   | **3.** | **Exercise                of Warrant, Partial Exercise****.** |
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| **(a)** | **Exercise                Period**.                This Warrant shall expire and all rights hereunder shall be extinguished                three (3) years from the date first written above.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
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| **(b)** | **Exercise                in Full**.                Subject to Section 3(a), a Warrant may be exercised in full by the                Warrant                Holder by surrender of the Warrant, with the Form of Subscription                attached                hereto as Schedule 3 executed by such Warrant Holder, to the Company,                accompanied by payment as determined by 3(d) below, in the amount                obtained                by multiplying the number of Shares represented by the respective                Warrant                by the Purchase Price per share (after giving effect to any adjustments                as                provided in Section 5 below).  |

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| **(c)** | **Partial                Exercise**.                Subject to Section 3(a), each Warrant may be exercised in part by                the                Warrant Holder by surrender of the Warrant, with the Form of Subscription                attached hereto as Schedule 3 at the end thereof duly executed by                such                Warrant Holder, in the manner and at the place provided in Section                3(b)                above, accompanied by payment as determined by 3(d) below, in amount                obtained by multiplying the number of Shares designated by the Warrant                Holder in the Form of Subscription attached hereto as Schedule 3                to the                Warrant by the Purchase Price per share (after giving effect to any                adjustments as provided in Section 5 below). Upon any such partial                exercise, the Company at its expense will forthwith issue and deliver                to                or upon the order of the Warrant Holder a new Warrant of like tenor,                in                the name of the Warrant Holder subject to Section 2(a), calling in                the                aggregate for the purchase of the number of Shares equal to the number                of                such Shares called for on the face of the respective Warrant (after                giving                effect to any adjustment herein as provided in Section 5 below) minus                the                number of such Shares designated by the Warrant Holder in the                aforementioned form of                subscription. |
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| **(d)** | **Payment                of Purchase Price**.                The Purchase Price may be made by any of the following or a combination                thereof, at the election of the Warrant Holder: |
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| (i)              |  In                cash; by wire transfer; by certified or cashier’s check, or money order;                or                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
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| (ii)   | By                delivery to the Company of an exercise notice that requests the Company                to                issue to the Warrant Holder the                full number of shares as to which the Warrant is then                exercisable, less the number of shares that have                an aggregate Fair Market Value, as determined by the Board in                its sole                discretion at the time of exercise, equal to the aggregate                purchase price of the shares to which such exercise relates.                 (This method of exercise allows the Warrant Holder to use a portion                of the shares issuable at the time of exercise as payment for the                shares to which the Warrant relates and is often referred to as a                "cashless exercise." For example, if the Warrant Holder elects to                exercise                1,000 shares at an exercise price of $0.25 and the current Fair                Market Value of the shares on the date of exercise is $1.00,                the Warrant Holder can use 250 of the 1,000 shares at $1.00 per share                to pay for the exercise of the entire Warrant (250 x $1.00 =                $250.00) and receive only the remaining 750                shares). |

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| **4.** | **Delivery                of Stock Certificates on Exercise**.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
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|   | Any                exercise of the Warrant pursuant to Section 3 shall be deemed to                have been                effected immediately prior to the close of business on the date on                which                the Warrant together with the Form of Subscription and the payment                for the                aggregate Purchase Price shall have been received by the Company.                At such                time, the person or persons in whose name or names any certificate                or                certificates representing the Shares or Other Securities (as defined                below) shall be issuable upon such exercise shall be deemed to have                become                the holder or holders of record of the Shares or Other Securities                so                purchased. As soon as practicable after the exercise of any Warrant                in                full or in part, and in any event within Ten (10) business days                thereafter, the Company at its expense (including the payment by                it of any                applicable issue taxes) will cause to be issued in the name of, and                delivered to the purchasing Warrant Holder, a certificate or certificates                representing the number of fully paid and nonassessable shares of                Common                Stock or Other Securities to which such Warrant Holder shall be entitled                upon such exercise, plus in lieu of any fractional share to which                such                Warrant Holder would otherwise be entitled, cash in an amount determined                pursuant to Section 5(e). The term “Other Securities” refers to any stock                (other than Common Stock), other securities or assets (including                cash) of                the Company or any other person (corporate or otherwise) which the                Warrant                Holder at any time shall be entitled to receive, or shall have received,                upon the exercise of the Warrant, in lieu of or in addition to Common                Stock, or which at any time shall be issuable or shall have been                issued in                exchange for or in replacement of Common Stock or Other Securities                pursuant to Section 5 below or otherwise. |
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|   | **5.** | **Adjustment                of Purchase Price and Number of Shares                Purchasable**. |
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| **(a)** | In                case the Company shall at any time after the date of this Warrant                Agreement (i) declare a dividend on the Common Stock in shares of                its                capital stock, (ii) subdivide the outstanding Common Stock, (iii)                combine                the outstanding Common Stock into a smaller number of Common Stock,                or                (iv) issue any shares of its capital stock by reclassification of                the                Common Stock (including any such reclassification in connection with                a                consolidation or merger in which the Company is the continuing                corporation), then in each case the Purchase Price, and the number                and                kind of Shares receivable upon exercise, in effect at the time of                the                record date for such dividend or of the effective date of                  such subdivision, combination, or reclassification shall be                  proportionately adjusted so that the holder of any Warrant exercised                  after                  such time shall be entitled to receive the aggregate number and                  kind of                  Shares which, if such Warrant had been exercised immediately prior                  to such                  record date, he would have owned upon such exercise and been entitled                  to                  receive by virtue of such dividend, subdivision, combination, or                  reclassification. Such adjustment shall be made successively whenever                  any                  event listed above shall                  occur. |
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| **(b)** | No                adjustment in the Purchase Price shall be required if such adjustment                is                less than US $0.01; *provided,                however*,                that any adjustments which by reason of this subsection (b) are not                required to be made shall be carried forward and taken into account                in any                subsequent adjustment. All calculations under this Section 5 shall                be made                to the nearest cent or to the nearest one-thousandth of a share,                as the                case may be.                                                                                                                                                                                                                                                                                                                                               |
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| **(c)** | Upon                each adjustment of the Purchase Price as a result of the calculations                made                in subsection (a) of this Section 5, the Warrant outstanding prior                to the                making of the adjustment in the Purchase Price shall thereafter evidence                the right to purchase, at the adjusted Purchase Price, that number                of                Shares (calculated to the nearest thousandth) obtained by (i) multiplying                the number of Shares purchasable upon exercise of the Warrant immediately                prior to adjustment of the number of Shares by the Purchase Price                in                effect prior to adjustment of the Purchase Price and (ii) dividing                the                product so obtained by the Purchase Price in effect immediately after                such                adjustment of the Purchase Price. |

|   | **6.** | **Further                Covenants of the Company**. |
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| **(a)** | **Dilution                or Impairments**.                The Company will not, by amendment of its certificate of incorporation                or                through any reorganization, transfer of assets, consolidation, merger                or                dissolution, avoid or seek to avoid the observance or performance                of any                of the terms of the Warrant or of this Warrant Agreement, but will                at all                times in good faith assist in the carrying out of all such terms                and in                the taking of all such action as may be necessary or appropriate                in order                to protect the rights of the Warrant Holder against dilution or other                impairment. Without limiting the generality of the foregoing, the                Company: |
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| (i)    | shall                at all times reserve and keep available, solely for issuance and                delivery                upon the exercise of the Warrant, all shares of Common Stock (or                Other                Securities) from time to time issuable upon the exercise of the Warrant                and shall take all necessary actions to ensure that the par value                per                share, if any, of the Common Stock (or Other Securities) is at all                times                equal to or less than the then effective Purchase Price per share;                and |
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| (ii)   | will                take all such action as may be necessary or appropriate in order                that the                Company may validly and legally issue fully paid and nonassessable                shares                of Common                  Stock or Other Securities upon the exercise of the Warrant from                  time to                  time outstanding.                                                                                                                                                                                                                                |
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| **(b)** | **Title                to Stock**.                All Shares delivered upon the exercise of the Warrant shall be validly                issued, fully paid and nonassessable; each Warrant Holder shall,                upon such                delivery, receive good and marketable title to the Shares, free and                clear                of all voting and other trust arrangements, liens, encumbrances,                equities                and claims whatsoever; and the Company shall have paid all taxes,                if any,                in respect of the issuance thereof.                                                                                                                                              |
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| **(c)** | **Exchange                of Warrant**.                Subject to Section 2(a) hereof, upon surrender for exchange of any                Warrant                to the Company, the Company at its expense will promptly issue and                deliver                to or upon the order of the holder thereof a new Warrant or like                tenor, in                the name of such holder, calling in the aggregate for the purchase                of the                number of Shares called for on the face of the Warrant surrendered.                The                Warrant and all rights thereunder are not transferable in whole or                in part                upon the books of the Company.                   |
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| **(d)** | **Replacement                of Warrant**.                Upon receipt of evidence reasonably satisfactory to the Company of                the                loss, theft, destruction or mutilation of any Warrant and, in the                case of                any such loss, theft or destruction, upon delivery of an indemnity                agreement reasonably satisfactory in form and amount to the Company                or, in                the case of any such mutilation, upon surrender and cancellation                of such                Warrant, the Company, at the expense of the Warrant Holder, will                execute                and deliver, in lieu thereof, a new Warrant of like                tenor. |
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| **(e)** | **Fractional                Shares**.                No fractional Shares are to be issued upon the exercise of any Warrant,                but the Company shall round any fraction of a share to the nearest                whole                Share.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |

|   | **7.** | **Miscellaneous**. |
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**DATA      CALL TECHNOLOGIES, INC.**

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**SCHEDULE**
**1**

**WARRANT**

**DATA      CALL TECHNOLOGIES, INC.**

**DATA      CALL TECHNOLOGIES, INC.**

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**SCHEDULE**
**2**

**FORM      OF ASSIGNMENT AND TRANSFER**

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**SCHEDULE      3**

**FORM      OF SUBSCRIPTION**

*To      be      signed only upon exercise of Warrant*

| (*) | Insert                here the number of shares called for on the face of the Warrant or,                in the                case of a partial exercise, the portion thereof as to which the Warrant                is                being exercised, in either case without making any adjustment for                additional Common Stock or any other stock or other securities or                property                which, pursuant to the adjustment provisions of the Warrant Agreement                pursuant to which the Warrant was granted, may be delivered upon                exercise. |
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**Calculation      pursuant to Section 3(d)(ii) of the Warrant Agreement**

| ________________                = |  **Total                Shares Exercised**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
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| ________________                = | **Purchase                Price**(as                defined and adjusted in the Warrant Agreement)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
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| ________________                = |  **Fair                Market Value**                -                the                average closing price of the Common Stock (if actual sales price                information on any trading day is not available, the closing bid                price                shall be used) for the five trading days prior to the date of exercise                of                this Warrant (the “Average Closing Bid Price”), as reported by the                National Association of Securities Dealers Automated Quotation System                (“NASDAQ”), or if the Common Stock is not traded on NASDAQ, the Average                Closing Bid Price in the over-the-counter market; provided, however,                that                if the Common Stock is listed on a stock exchange, the Fair Market                Value                shall be the Average Closing Bid Price on such exchange; and, provided                further, that if the Common Stock is not quoted or listed by any                organization, the fair value of the Common Stock, as determined by                the                Board of Directors of the Company, whose determination shall be                conclusive, shall be used).  In no event shall the Fair Market Value                of any share of Common Stock be less than its par                value. |

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