Document:

EXHIBIT 10.10

                          GREEN MOUNTAIN CAPITAL, INC.

                                 PROMISSORY NOTE

$600,000                                                       November 14, 2006

FOR VALUE RECEIVED, GREEN MOUNTAIN CAPITAL, INC., a Nevada corporation
(hereinafter called "Borrower" or the "Company"), hereby promises to pay to
___________ ("Holder"), or order, the sum of Six Hundred Thousand ($600,000)
Dollars, with interest accruing at the annual rate of ten (10.0%) percent, on
March 31, 2007(the "Maturity Date").

The following terms shall apply to this Note:

                                    ARTICLE I

                           PAYMENT RELATED PROVISIONS

1.1 Payment Grace Period. The Borrower shall have a ten (10) day grace period to
pay any monetary amounts due under this Note, after which grace period a default
interest rate of fifteen (15.0%) percent per annum shall apply to the amounts
owed hereunder calculated from the date of the default. In no event shall the
rate of interest calculated hereunder exceed the maximum amount allowed by law
and automatically shall be reduced to such maximum amount.

1.2 Interest Payments. Borrower shall pay interest on the outstanding principal
amount of this Note on the Maturity Date. The principal amount of this Note plus
any accrued and unpaid interest shall be collectively referred to herein as the
"Debt."

1.3 Repayment. This Note shall be repaid from the first proceeds of the
Borrower's issuance of Senior Promissory Notes. If the Borrower's Senior
Promissory Notes do not provide adequate funds to pay the principal and accrued
interest on this Note, Borrower shall continue to be obligated to repay the
unpaid principal amount of this Note, in accordance with the terms hereof.

                                   ARTICLE II

                                EVENTS OF DEFAULT

The occurrence of any of the following events of default (each, an "Event of
Default") shall, at the option of the Holder hereof, make all sums or principal
and interest then remaining unpaid hereon and all other amounts payable
hereunder immediately due and payable, all without demand, presentment or
notice, or grace period, all of which hereby are expressly waived, except as set
forth below:

2.1 Failure to Pay Principal or Interest. The Borrower fails to pay any
installment of principal or interest hereon when due and such failure continues
for a period of ten (10) days.

2.2 Breach of Covenant. The Borrower breaches any covenant or other term or
condition of this Note and such breach continues for a period of ten (10) days
after written notice to the Borrower from the Holder.

2.3 Breach of Representations and Warranties. Any representation or warranty of
the Borrower made in any agreement, statement or certificate given in writing
pursuant hereto or in connection herewith shall be false or misleading in any
material respect.

<PAGE>

2.4 Receiver or Trustee. The Borrower shall make an assignment for the benefit
of creditors, or apply for or consent to the appointment of a receiver or
trustee for it or for a substantial part of its property or business; or such a
receiver or trustee shall otherwise be appointed.

2.5 Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation
proceedings or other proceedings or relief under any bankruptcy law or any law
for the relief of debtors shall be instituted by or against the Borrower.

                                   ARTICLE III

                            REPRESENTATIONS BY HOLDER

      Holder represents and warrants to Borrower as follows:

3.1 To the best of his knowledge, Holder has received and examined all
information, including financial statements, of or concerning Borrower which
Holder considers necessary to making an informed decision regarding this Note.
In addition, Holder has had the opportunity to ask questions of, and receive
answers from, the officers and agents of Borrower concerning Borrower and to
obtain such information, to the extent such persons possessed the same or could
acquire it without unreasonable effort or expense, as Holder deemed necessary to
verify the accuracy of the information referred to herein.

3.2 The Holder acknowledges and understands that (i) the proceeds of this Note
will not be sufficient to provide Borrower with the necessary funds to achieve
its current business plan; (ii) the Borrower does not have sufficient cash
available to repay this Note; (iii) this Note will not be guaranteed, (iv)
Holder bears the economic risk of never being repaid on this Note; and (v) the
Borrower may use the proceeds of this Note to satisfy past payables.

3.3 The Holder hereby certifies that Holder is an "Accredited Investor" (as that
term is defined by Regulation D under the Securities Act of 1933, as amended
(the "Securities Act")) because at least one of the following statements is
applicable to Holder:

      (a) Holder is an Accredited Investor because the Holder had individual
      income of more than $200,000 in each of the two prior calendar years and
      reasonably expects to have individual income in excess of $200,000 during
      the current calendar year.

      (b) The Holder is an Accredited Investor because the Holder and his spouse
      together had income of more than $300,000 in each of the two prior
      calendar years and reasonably expect to have joint income in excess of
      $300,000 during the current calendar year.

      (c) The Holder is an Accredited Investor because the Holder has an
      individual net worth, or the Holder and his spouse have a joint net worth
      of more than $1,000,000.

                                       2
<PAGE>

      (d) The Holder is an Accredited Investor because the Holder has total
      assets in excess of $5,000,000.

3.4 Holder is acquiring this Note for his own account, for investment purposes
only, and not with a view to the resale or distribution of all or any part
thereof.

3.5 Holder acknowledges that this Note (a) has not been registered under
applicable securities laws, (b) will be a "restricted security" as defined in
applicable securities laws, (c) has been issued in reliance on the statutory
exemptions from registration contemplated by applicable securities laws based
(in part) on the accuracy of Holder's representations contained herein, and (d)
will not be transferable without registration under applicable securities laws,
unless an exemption from such registration requirements is available.

3.6 Holder has reviewed and understands Borrower's (i) Annual Report on Form
10-KSB for the fiscal year ended January 31, 2006, filed with the Securities and
Exchange Commission ("SEC") on May 10, 2006; Current Report on Form 8-K, filed
with the SEC on June 7, 2006; (iii) Quarterly Report on Form 10-QSB for the
quarter ended June 30, 2006, filed with the SEC on August 21, 2006; and (iv) all
other Current Reports on Form 8-K filed since the filing of its last Form
10-KSB.

3.7 Holder has had this Note and any other documents executed in connection
herewith reviewed by his own counsel.

                                   ARTICLE IV

                                  MISCELLANEOUS

4.1 Failure or Indulgency Not Waiver. No failure or delay on the part of Holder
hereof in the exercise of any power, right or privilege hereunder shall operate
as a waiver thereof, nor shall any single or partial exercise of any such power,
right or privilege preclude other or further exercise thereof or the exercise of
any other right, power or privilege. All rights and remedies existing hereunder
are cumulative to, and not exclusive of, any rights or remedies otherwise
available.

4.2 Notices. Any notice herein required or permitted to be given shall be in
writing and may be personally served and shall be deemed to be delivered upon
receipt or if sent by United States mail, three (3) days after being deposited
in the United States mail, certified, with postage pre-paid and properly
addressed, or if sent by fax transmission (with the original sent by certified
or registered mail or by overnight courier) and shall be deemed to have been
delivered on the day telecopied. For the purposes hereof, the addresses and fax
numbers of the Holder and the Borrower are as set forth on the signature page
hereof. Both Holder and Borrower may change the address and fax number for
service by service of written or fax notice to the other as herein provided.

4.3 Definition of Note. The term "Note" and all reference thereto, as used
throughout this instrument, shall mean this instrument as originally executed,
or if later amended or supplemented, then as so amended or supplemented.

                                       3
<PAGE>

4.4 Assignability. This Note may not be assigned by the Borrower without the
written consent of the Holder. This Note shall be binding upon the Borrower and
its successors and assigns, and shall inure to the benefit of the Holder and its
successors and assigns.

4.5 Cost of Collection. If default is made in the payment of this Note, Borrower
shall pay the Holder hereof costs of collection, including attorneys' fees.

4.6 Governing Law. This Note has been executed in and shall be governed by the
internal laws of the State of New York, without regard to the principles of
conflict of laws.

4.7 No Amendment. This Note shall not be amended without the prior written
consent of the Holder.

IN WITNESS WHEREOF, Borrower has caused this Note to be signed in its name on
the Fourteenth day of November, 2006.

GREEN MOUNTAIN CAPITAL, INC.

By:_/s/ Charlie Yiasemis
Name: Charlie Yiasemis
Title: President & Chief Executive Officer

Address for Notices to Borrower: C/O Internet Telecommunications Plc, 46
Clerkenwell Close, London, EC1R 0AT, United Kingdom

Fax: 011-44-207-216-9001_____________________

Address for Notices to Holder:

Fax: ___________

                                       4EXHIBIT 10.11

NEITHER THIS WARRANT NOR THE WARRANT SHARES  ISSUABLE UPON EXERCISE  HEREOF HAVE
BEEN  REGISTERED  UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE  "SECURITIES
ACT") OR ANY OTHER APPLICABLE SECURITIES LAWS IN RELIANCE UPON AN EXEMPTION FROM
THE  REGISTRATION  REQUIREMENTS OF THE SECURITIES ACT AND SUCH OTHER  SECURITIES
LAWS.  NEITHER  THIS  WARRANT  NOR THE SHARES OF  WARRANT  STOCK  ISSUABLE  UPON
EXERCISE  HEREOF MAY BE SOLD,  PLEDGED,  TRANSFERRED,  ENCUMBERED  OR  OTHERWISE
DISPOSED OF EXCEPT  PURSUANT TO AN EFFECTIVE  REGISTRATION  STATEMENT  UNDER THE
SECURITIES ACT OR IN A TRANSACTION WHICH IS EXEMPT FROM  REGISTRATION  UNDER THE
PROVISIONS OF THE SECURITIES ACT.

                          GREEN MOUNTAIN CAPITAL, INC.

                          Common Stock Purchase Warrant

       (Expiring on the third anniversary of the date of issuance hereof)

This is to certify that, for value received and subject to the conditions herein
set forth,  __________ (the "Warrantholder") is entitled to purchase, at a price
per share of Twenty-five Cents ($0.25) per share, Six Hundred Thousand (600,000)
shares of common  stock,  par value $0.0001 per share (the "Common  Stock"),  of
Green Mountain Capital,  Inc., a Nevada corporation (the "Company"),  subject to
adjustment  as provided  below (such shares  purchasable  upon  exercise of this
Warrant are herein called the "Warrant  Stock").  The amount per share specified
above, as adjusted from time to time pursuant to the provisions  hereinafter set
forth,  is herein called the "Purchase  Price." This Warrant will be immediately
exercisable and may be exercised  anytime after its issuance.  In the event of a
exercise of this Warrant,  the Warrantholder shall surrender this Warrant to the
Company with payment of the Purchase  Price,  together with a notice of exercise
(the date of such surrender being herein referred to as the "Date of Exercise"),
in which event the Company shall issue to the Warrantholder the number of shares
of Warrant Stock.

1. By acceptance of this Warrant,  the Warrantholder  agrees, for itself and all
subsequent holders,  that prior to making any disposition of this Warrant or any
shares of Warrant  Stock,  the  Warrantholder  shall give written  notice to the
Company describing briefly the manner in which any such proposed  disposition is
to be made;  and no such  disposition  shall be made  unless  and  until (i) the
Company has received an opinion of counsel satisfactory to it to the effect that
no  registration  under the Securities  Act of 1933, as amended (the "Act"),  is
required with respect to such disposition; or (ii) a registration statement with
respect to the  Warrant or the  Warrant  Stock has been filed by the Company and
declared effective by the Securities and Exchange Commission (the "Commission").

<PAGE>

2. (a) If outstanding  shares of the Company's  Common Stock shall be subdivided
into a greater  number of shares  thereof or a dividend in Common Stock shall be
paid in respect of Common Stock, the Purchase Price in effect  immediately prior
to such subdivision or at the record date of such dividend shall  simultaneously
with the  effectiveness of such subdivision or immediately after the record date
of such  dividend be  proportionately  reduced and  conversely,  if  outstanding
shares  of  Common  Stock  shall be  combined  into a  smaller  number of shares
thereof,  the Purchase  Price in effect  immediately  prior to such  combination
shall,   simultaneously   with  the  effectiveness  of  such   combination,   be
proportionately  increased.  When any  adjustment  is required to be made in the
Purchase  Price,  the  number of shares of  Common  Stock  purchasable  upon the
exercise of this Warrant  shall be changed to the number  determined by dividing
(i) an amount equal to the number of shares issuable pursuant to the exercise of
this Warrant  immediately  prior to such  adjustment  multiplied by the Purchase
Price in effect immediately prior to such adjustment, by (ii) the Purchase Price
in effect immediately after such adjustment.

      (b) If there shall occur any capital reorganization or reclassification of
the Company's Common Stock (other than a change in par value or a subdivision or
combination as provided for in subparagraph (a) above),  or any consolidation or
merger of the Company  with or into another  corporation,  or in the case of any
sale,  transfer or other  disposition  to another  person,  corporation or other
entity of all or substantially all the property,  assets, business and good will
of the  Company  as an  entirety,  then,  as  part of any  such  reorganization,
reclassification, consolidation, merger, sale, transfer or other disposition, as
the case may be, lawful  provision shall be made so that the registered owner of
this Warrant shall have the right thereafter to receive upon the exercise hereof
the kind and amount of shares of stock or other  securities  or  property  which
said registered owner would have been entitled to receive if,  immediately prior
to any  such  reorganization,  reclassification,  consolidation,  merger,  sale,
transfer or other  disposition,  as the case may be, said  registered  owner had
held the number of shares of Common Stock which were then  purchasable  upon the
exercise  of  this  Warrant.  In  any  such  case,  appropriate  adjustment  (as
determined  by the  Board  of  Directors  of the  Company)  shall be made in the
application  of the  provisions  set forth herein with respect to the rights and
interests  thereafter  of the  registered  owner of this  Warrant  such that the
provisions set forth herein (including  provisions with respect to adjustment of
the Purchase Price) shall  thereafter be applicable,  as nearly as is reasonably
practicable,  in relation to any shares of stock or other securities or property
thereafter deliverable upon the exercise of this Warrant.

                                       2
<PAGE>

      (c) In case the  Company  shall  declare a dividend  upon shares of Common
Stock  payable  otherwise  than out of earnings or earned  surplus and otherwise
than in shares of Common Stock or in stock or obligations directly or indirectly
convertible into or exchangeable for Common Stock, the Warrantholder shall, upon
exercise  of this  Warrant in whole or in part,  be  entitled  to  purchase,  in
addition to the number of shares of Common Stock  deliverable upon such exercise
against   payment  of  the  Purchase  Price   therefor,   but  without   further
consideration,  the cash, stock or other securities or property which the holder
of Warrant would have received as dividends (otherwise than out of such earnings
or earned  surplus  and  otherwise  than in  shares  of Common  Stock or in such
convertible or exchangeable  stock or  obligations),  if continuously  since the
date set forth above such holder (i) had been the holder of record of the number
of shares of Common Stock  deliverable  upon such exercise and (ii) had retained
all dividends in stock or other securities (other than shares of Common Stock or
such  convertible  or  exchangeable  stock or  obligations)  paid or  payable in
respect of said number of shares of Common Stock or in respect of any such stock
or other  securities so paid or payable as such dividends.  For purposes of this
subparagraph  (c), a dividend payable otherwise than in cash shall be considered
to be  payable  out of  earnings  or earned  surplus  and shall be charged in an
amount equal to the fair value of such  dividend as  determined  by the Board of
Directors of the Company.

                                       3
<PAGE>

      (d) In case at any time:

      (i) the Company shall pay any cash or stock dividend upon its Common Stock
or make any distribution to the holders of its Common Stock; or

      (ii) the Company shall offer for  subscription  pro rata to the holders of
its  Common  Stock  any  additional  shares  of stock of any  class or any other
rights; or

      (iii)  the  Company  shall  effect  any  capital   reorganization  or  any
reclassification  of or change in the  outstanding  capital stock of the Company
(other than a stock split, a change in par value, or a change  resulting  solely
from a subdivision or combination of outstanding shares of Common Stock), or any
consolidation or merger,  or any sale,  transfer or other  disposition of all or
substantially all its property,  assets,  business and good will as an entirety,
or the liquidation, dissolution or winding up of the Company; or

      (iv) the Company  shall declare a dividend upon shares of its Common Stock
payable  otherwise  than out of earnings or earned  surplus or otherwise than in
shares  of Common  Stock or any  stock or  obligations  directly  or  indirectly
convertible into or exchangeable for Common Stock;

                                       4
<PAGE>

then,  in any such case,  the Company  shall cause at least  fifteen  (15) days'
prior notice thereof to be furnished to the Warrantholder at the address of such
holder  shown on the books of the  Company.  Such notice  shall also specify the
date on which the books of the Company  shall close,  or a record be taken,  for
such stock dividend,  distribution or subscription  rights, or the date on which
such reclassification,  reorganization,  consolidation,  merger, sale, transfer,
disposition,  liquidation, dissolution, winding up, or dividend, as the case may
be, shall take place,  and the date of  participation  therein by the holders of
Common  Stock if any such date is to be fixed,  and  shall  also set forth  such
facts with  respect  thereto as shall be  reasonably  necessary  to indicate the
effect of such action on the rights of the Warrantholder.

      (e) When any adjustment is required to be made in the Purchase Price,  the
Company shall promptly mail to the Warrantholder a certificate setting forth the
Purchase Price after such  adjustment and setting forth a brief statement of the
facts requiring such adjustment.  Such certificate shall also set forth the kind
and amount of stock or other  securities  or  property  into which this  Warrant
shall be exercisable  following the occurrence of any of the events specified in
subparagraphs (b) or (c) above.

      (f) The Company shall not be required upon the exercise of this Warrant to
issue any fractional shares, but shall make any adjustment therefor on the basis
of the mean  between the closing  low bid and closing  high asked  prices on the
over-the-counter  market as reported by the National  Association  of Securities
Dealers  Automated  Quotations  System or the closing market price on a national
securities exchange on the trading day immediately prior to exercise,  whichever
is  applicable  or, if  neither is  applicable,  then on the basis of the market
value of any such fractional  interest as shall be reasonably  determined by the
Company.

                                       5
<PAGE>

      (g) The Company will,  within 120 days after the end of each of its fiscal
years,  mail to the  registered  holder of this  Warrant at the  address of such
holder  shown on the books of the  Company a  certificate  (if the  Company  has
engaged  independent public  accountants,  such certificate shall be prepared by
such independent public accountants) (i) specifying the Purchase Price in effect
as of the end of such fiscal year and the number of shares of Common  Stock,  or
the kind and  amount of any  securities  or  property  other than  Common  Stock
purchasable  by the holder of this Warrant and (ii) setting  forth in reasonable
detail the facts requiring any adjustments made during such fiscal year.

3. The  Company  agrees  that (i) a number of  shares of Common  Stock and other
securities  and property  sufficient to provide for the exercise of this Warrant
upon the basis  hereinbefore  set forth  shall at all times  during  the term of
Warrant be reserved  for the exercise  hereof,  and (ii) during the term of this
Warrant,  it will keep current in filing any forms and other materials  required
to be filed with the Commission  pursuant to the Act and the Securities Exchange
Act of 1934, as amended.

4. (a) Exercise of the purchase rights  represented by this Warrant may
be made at any time or times on or after the closing of the offering, and before
the close of business on the  Termination  Date by the surrender of this Warrant
and the Notice of Exercise  Form or Notice of  Cashless  Exercise  Form  annexed
hereto duly  executed,  at the office of the  Company  (or such other  office or
agency of the Company as it may designate by notice in writing to the registered
Warrantholder hereof at the address of such Warrantholder appearing on the books
of the Company) and upon payment of the Exercise  Price of the Warrant  Stock as
provided herein the Warrantholder shall be entitled to receive a certificate for
the number of Warrant Stock so purchased. Certificates for the shares of Warrant
Stock purchased hereunder shall be delivered to the Warrantholder  hereof within
twenty (20) trading  days after the date on which this  Warrant  shall have been
exercised as aforesaid.  This Warrant shall be deemed to have been exercised and
such  certificate or certificates  shall be deemed to have been issued,  and the
Warrantholder  or any other person so  designated  to be named  therein shall be
deemed to have become a Warrantholder  of record of such shares of Warrant Stock
for all  purposes,  as of the date the Warrant has been  exercised by payment to
the  Company  of the  Exercise  Price and all taxes  required  to be paid by the
Warrantholder,  if any,  pursuant  to  Section 4 prior to the  issuance  of such
shares of Warrant Stock, have been paid.

                                       6
<PAGE>

      (b)  Payment may be made  either (i) in cash or by  certified  or official
bank check payable to the order of the Company equal to the applicable aggregate
Exercise  Price,  (ii) by delivery  of the  Warrant,  or shares of Common  Stock
and/or  shares of Warrant  Stock  receivable  upon  exercise  of the  Warrant in
accordance  with Section  3(c) below,  or (iii) by a  combination  of any of the
foregoing  methods,  for the number of shares of Warrant Stock specified in such
Exercise  Notice (as such  exercise  number  shall be  adjusted  to reflect  any
adjustment  in  the  total  number  of  shares  Warrant  Stock  issuable  to the
Warrantholder  per the  terms  of this  Warrant)  and  the  Warrantholder  shall
thereupon be entitled to receive the number of duly authorized,  validly issued,
fully-paid  and  non-assessable  shares of Common Stock  determined  as provided
herein.

                                       7
<PAGE>

      (c)  Notwithstanding  any provisions  herein to the contrary,  if the Fair
Market Value of one share of Common Stock is greater than the Exercise Price (at
the date of calculation as set forth below),  in lieu of exercising this Warrant
for cash, the  Warrantholder  may elect to receive shares equal to the value (as
determined  below) of this Warrant (or the portion  thereof being  exercised) by
surrender of this Warrant at the principal  office of the Company  together with
the  properly  endorsed  Notice of  Cashless  Exercise  Form in which  event the
Company  shall issue to the  Warrantholder  a number of shares of Warrant  Stock
computed using the following formula:

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

      Where:

      X =   the  number  of  shares  of  Warrant  Stock  to  be  issued  to  the
            Warrantholder on such exercise

      Y =   the number of shares of Warrant Stock  purchasable under the Warrant
            or, if only a portion of the Warrant is being exercised, the portion
            of the Warrant being exercised (at the date of such calculation)

      A =   the Fair Market Value of one share of the Company's Common Stock (at
            the date of such calculation)

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

      (d) "Fair Market  Value"  shall mean the average 4:00 PM Eastern  Standard
Time  closing bid price of the  Company's  Common  Stock as quoted on the Nasdaq
OTC:BB,  Pink Sheets or other  national  market or exchange as  reflected on the
Bloomberg  quotation  system  ("Closing  Bid") on the  three  (3)  trading  days
immediately  following  the date of receipt of the Notice of  Cashless  Exercise
Form.

      (e) Notwithstanding  anything herein to the contrary, each certificate for
Warrant Stock issued  hereunder  shall bear a legend  reading  substantially  as
follows  (unless the Company  receives an opinion of counsel  satisfactory to it
that such a legend is not required in order to assure compliance with the Act).

                                       8
<PAGE>

      THE SHARES  REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
      UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS
      OF ANY STATE. THESE SHARES MAY NOT BE SOLD, TRANSFERRED, ASSIGNED OR
      HYPOTHECATED  UNLESS  THERE IS AN EFFECTIVE  REGISTRATION  STATEMENT
      UNDER SUCH ACT  COVERING  SUCH  SHARES OR THE  COMPANY  RECEIVES  AN
      OPINION  OF  COUNSEL  FOR THE  HOLDER  OF  THESE  SHARES  REASONABLY
      SATISFACTORY  TO THE  COMPANY,  STATING  THAT SUCH  SALE,  TRANSFER,
      ASSIGNMENT  OR  HYPOTHECATION  IS EXEMPT FROM THE  REGISTRATION  AND
      PROSPECTUS  DELIVERY  REQUIREMENTS OF SUCH ACT AND FROM REGISTRATION
      OR QUALIFICATION REQUIREMENTS OF APPLICABLE STATE SECURITIES LAWS.

5. All shares of Common Stock or other securities delivered upon the exercise of
this  Warrant  shall be validly  issued,  fully paid and  nonassessable  and the
Company  will pay all taxes,  if any, in respect of the  issuance  thereof  upon
exercise of this Warrant.

6. (a) Subject to the  provisions  of  Paragraph 1 hereof,  this Warrant and all
rights hereunder are transferable on the books of the Company, upon surrender of
this Warrant,  with the form of assignment  attached hereto duly executed by the
registered  holder hereof or by his attorney duly authorized in writing,  to the
Company at its principal  office  hereinabove  referred to, and thereupon  there
shall be issued in the name of the  transferee or  transferees,  in exchange for
this Warrant, a new warrant or warrants or like tenor and date,  representing in
the aggregate the right to subscribe for and purchase the number of shares which
may be subscribed for and purchased hereunder.

      (b) If this Warrant shall be lost,  stolen,  mutilated or  destroyed,  the
Company,  on such terms as to indemnify or otherwise as it may in its discretion
reasonably  impose,  shall issue a new warrant of like  denomination,  tenor and
date as this  Warrant so lost,  stolen,  mutilated  or  destroyed.  Any such new
warrant  shall  constitute  an original  contractual  obligation of the Company,
whether or not the allegedly lost, stolen,  mutilated or destroyed warrant shall
be at any time enforceable by anyone.

                                       9
<PAGE>

      (c) The Company may deem and treat the  registered  holder of this Warrant
as the absolute owner of this Warrant for all purposes and shall not be affected
by any notice to the contrary.

      (d) This Warrant,  including all the rights and obligations granted to the
Warrantholder  hereunder,  shall be specifically enforceable against the Company
by the  Warrantholder,  in addition to and not by way of  substitution  for, any
other remedies available to the Warrantholder, at law or in equity.

      (e) This  Warrant,  in all  events,  shall be wholly void and of no effect
after the third anniversary of the date of issuance of this Warrant.

7. The  Warrantholder  shall not, by virtue of  ownership  of this  Warrant,  be
entitled to any rights  whatsoever of a shareholder  of the Company,  but shall,
upon written request to the Company,  be entitled to receive quarterly or annual
reports, or any other reports to shareholders of the Company.

IN WITNESS  WHEREOF,  the Company  has caused this  Warrant to be executed as of
November 14, 2006, by its duly authorized officer.

                                        GREEN MOUNTAIN CAPITAL, INC.

                                        By: /s/ Charlie Yiasemis
                                            President & Chief Executive Officer

                                       10
<PAGE>

                               NOTICE OF EXERCISE

To:   Green Mountain Capital, Inc.

      (i) The  undersigned  hereby elects to purchase  ________ shares of Common
Stock (the "Warrant  Stock"),  of Green Mountain  Capital,  Inc. pursuant to the
terms of the  attached  Warrant,  and tenders  herewith  payment of the exercise
price in full, together with all applicable transfer taxes, if any.

      (ii) Please issue a certificate or certificates  representing  said shares
of  Warrant  Stock in the name of the  undersigned  or in such  other name as is
specified below:

                        ________________________________________________________
                        (Name)

                        ________________________________________________________
                        (Address)

                        ________________________________________________________

                        ________________________________________________________
                        Social Security or Tax Identification Number

                        Dated: _________________________

                        ________________________________________
                        Signature

                        ________________________________________
                        Print Name

                                       11
<PAGE>

                           NOTICE OF CASHLESS EXERCISE

To:   Green Mountain Capital, Inc.

            _________ (1) The  undersigned  hereby elects to purchase the number
of shares of Common Stock (the "Warrant Stock"), of Green Mountain Capital, Inc.
as are  purchasable  pursuant to the terms the formula set forth in Section 4 of
the attached  Warrant,  and makes  payment  therefore  in full by surrender  and
delivery of this Warrant.

            (iii) (2) Please issue a certificate  or  certificates  representing
said  shares of Warrant  Stock in the name of the  undersigned  or in such other
name as is specified below:

                        ________________________________________________________
                        (Name)

                        ________________________________________________________
                        (Address)

                        ________________________________________________________

                        ________________________________________________________
                        Social Security or Tax Identification Number

                                        Dated: _________________________

                        ________________________________________
                        Signature

                        ________________________________________
                        Print Name

                                       12
<PAGE>

                                 ASSIGNMENT FORM

                    (To assign the foregoing warrant, execute
                   this form and supply required information.
                 Do not use this form to exercise the warrant.)

            FOR VALUE RECEIVED,  the foregoing  Warrant and all rights evidenced
thereby are hereby assigned to ___________________________________________ whose
address is ________________________________________________________________
________________________________________________________________________________

Dated: ________________________

                           Holder's Signature:
                           -----------------------------------------------------

                           Holder's Address:
                           -----------------------------------------------------

                           -----------------------------------------------------

Signature Guaranteed:

NOTE: The signature to this  Assignment Form must correspond with the name as it
appears on the face of the Warrant,  without  alteration or  enlargement  or any
change whatsoever,  and must be guaranteed by a bank or trust company.  Officers
of corporations and those acting in a fiduciary or other representative capacity
should file proper evidence of authority to assign the foregoing Warrant.

                                       13

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