Document:

Subscription
      Agreement

    

    GlobeTel
      Communications Corp.

    101
      NE
      3rd
      Ave.

    Suite
      1500

    Fort
      Lauderdale, FL 33301

    

    Gentlemen:

    

    1. Subscription. GlobeTel
      Communications Corp., a Delaware corporation (the “Company”), hereby agrees to
      issue, and the undersigned subscriber (the “Purchaser”) hereby agrees to
      purchase, 1,369,895
      shares
      of
      common stock of the Company (the “Shares”), and the Warrants (defined below),
      subject to the terms and conditions set forth herein. The Shares and the
      Warrants are being issued by the Company in consideration of the payment of
      the
      Purchase Price (defined below), the receipt and sufficiency of which is hereby
      acknowledged. 

    

    (a) Total
      Purchase Price.
      The
      total purchase price of the Shares is €100,000. The total purchase price shall
      be paid to TAO Technologies GmbH with TAO Technologies crediting such payment
      to
      Sanswire Corp. for payments due under the agreement between TAO and
      GlobeTel/Sanswire Corp. on or about June 3, 2008.

    

    (b) Warrants. On
      the
      Closing Date (defined below), the Purchaser shall receive the following two
      year
      common stock purchase warrants (collectively, the “Warrants”): one Class A
      Warrant to purchase 684,947 shares of the Company’s Common Stock at $.21 per
      share and one Class B Warrant to purchase 684,948 shares of the Company’s Common
      Stock at $.315 per share, each in the form as annexed hereto as Exhibits A
      and
      B, respectively. 

    

    (c) Closing.

    

    (i)
       Upon
      the
      execution hereof by the parties hereto, the Purchaser shall pay the Purchase
      Price to the Company. The date of execution of this Subscription Agreement
      by
      the parties hereto shall be referred to herein as the “Closing
      Date”.

    

    (ii) Upon
      receipt of the Purchase Price, the Company shall deliver to the Purchaser a
      stock certificate for the Shares and the Warrants, each duly executed by the
      Company.    

    

    2.
       
      Representations, Warranties, Covenants and Agreements of the
      Purchaser.
      In
      order to induce the Company to execute and deliver this Subscription Agreement
      and to issue and sell the Shares to the Purchaser, the Purchaser represents
      and
      warrants to, and covenants and agrees with, the Company as follows:

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (a)
       The
      Purchaser acknowledges that the offer, issuance and sale to it of the Shares
      is
      intended by the Company to be exempt from the registration requirements of
      the
      Securities Act of 1933, as amended (the “Act”), and as such the Shares have not
      been registered with the Securities and Exchange Commission (the “Commission”).

    

    (b)
       The
      Purchaser represents and warrants to the Company that the Purchaser has had
      the
      opportunity to ask questions of, and to receive answers from the officers and
      employees of the Company concerning the Company and its business, affairs and
      operations, and the transactions contemplated by this Subscription Agreement.
      The Purchaser acknowledges that the Company's officers and employees have
      answered all inquiries made on behalf of the Purchaser in connection herewith
      to
      the satisfaction of the person or persons making such inquiry. 

    

    (c)
       The
      Purchaser represents and warrants to the Company that the Purchaser has such
      knowledge and experience in financial and business matters that it is capable
      of
      understanding the information provided to it by the Company and of evaluating
      the merits and risks of its investment in the Shares.

    

    (d)
       The
      Purchaser represents and warrants to the Company that the Shares are not being
      acquired by the Purchaser with a view to, or for resale in connection with,
      any
“distribution” within the meaning of the Act. 

    

    (e)
       The
      Purchaser acknowledges that the Shares have not been registered under the Act.
      The Purchaser acknowledges and agrees that, as such, the Shares cannot be sold,
      assigned, transferred, conveyed, pledged or otherwise disposed of unless they
      are registered under the Act or an exemption from such registration is
      available. The Purchaser acknowledges that an opinion of legal counsel to the
      Company is required in connection with any sale, assignment, transfer,
      conveyance, pledge or other disposition of the Shares and that no such opinion
      will be given by such legal counsel unless and until such counsel receives
      satisfactory evidence that the sale, assignment, transfer, conveyance, pledge
      or
      other disposition of the Shares complies with applicable law (the effective
      Registration Statement referred to in Section 4 hereof shall be satisfactory
      evidence for such purposes). 

    

    (f)
       The
      Purchaser acknowledges that any and all certificates representing the Shares
      or
      the Warrants will bear the following legend: 

    

    THE
      SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
      SECURITIES ACT OF 1933, AS AMENDED (THE ACT”), OR ANY STATE SECURITIES ACT.
      RATHER, THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE BEEN ISSUED PURSUANT
      TO
      AN EXEMPTION FROM THE REGISTRATION PROVISIONS OF THE ACT. THE SHARES REPRESENTED
      BY THIS CERTIFICATE MAY NOT BE SOLD, ASSIGNED, TRANSFERRED, CONVEYED, PLEDGED
      OR
      OTHERWISE DISPOSED OF UNLESS THEY ARE REGISTERED UNDER THE ACT OR AN EXEMPTION
      THEREFROM IS AVAILABLE IN THE OPINION OF COUNSEL TO THE ISSUER. 

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    (g)
       The
      Purchaser represents and warrants to the Company that (i) it has full power
      and
      authority to execute and deliver this Subscription Agreement, (ii) this
      Subscription Agreement has been duly and validly executed and delivered by
      the
      Purchaser and constitutes the legal, valid and binding obligation of the
      Purchaser and (iii) this Subscription Agreement is enforceable against the
      Purchaser in accordance with its terms. 

    

    (h) The
      Purchaser acknowledges that the Company has offered and may offer to sell its
      securities to other purchasers on terms different herefrom, and that the
      Purchaser has specifically negotiated the terms of this transaction with the
      Company.

    

    3. Representations,
      Warranties, Covenants and Agreements of the Company.
      In order
      to induce the Purchaser to execute and deliver this Subscription Agreement
      and
      to issue and purchase the Shares and the Warrants from the Company, the Company
      represents and warrants to, and covenants and agrees with, the Purchaser as
      follows:

    

    (a)
       The
      Company represents and warrants to the Purchaser that (i) it has full power
      and
      authority to execute and deliver this Subscription Agreement, (ii) this
      Subscription Agreement has been duly and validly executed and delivered by
      the
      Company and constitutes the legal, valid and binding obligation of the Company
      and (iii) this Subscription Agreement is enforceable against the Company in
      accordance with its terms. 

    

    (b)
       The
      Shares, when issued, will be fully paid, validly issued and non-assessable
      and
      the Shares and Warrants will be delivered to Purchaser hereunder free and clear
      of all liens, claims and encumbrances whatsoever. All of the outstanding Common
      Stock Purchase Warrants of the Company have terms not exceeding two
      years.

    

    4. Registration
      Covenant. 

    

    (a)
       The
      Company agrees that, as soon as possible after the filing of its financial
      statements, it will file a registration statement (the “Registration Statement”)
      with the Commission covering the Shares and the shares underlying the Warrants
      (collectively, the “Registered Securities”). The Purchaser shall provide the
      Company with such information concerning the Purchaser as the Company may
      reasonably request in connection with the Registration Statement, including
      any
      specific information requested by the Commission.

    

    (b)
       The
      Company shall bear the entire cost and expense of the preparation and filing
      of
      the Registration Statement pursuant to this Section 4, and all costs and
      expenses incurred in connection with maintaining the effectiveness of such
      Registration Statement. Purchaser shall, however, bear the fees of its counsel
      and any transfer taxes or underwriting discounts or commissions applicable
      to
      the sale of the Registered Securities pursuant thereto.

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    (c) The
      Company will use its best efforts to cause the Registration Statement to become
      effective as promptly as possible and, if any stop order shall be issued by
      the
      Commission in connection therewith, to use its best efforts to obtain the
      removal of such order. 

    

    (d) While
      any
      Registration Statement covering the Registered Securities is effective, the
      Company will take all necessary action which may be required in qualifying
      or
      registering the Registered Securities for offering and sale under the Blue
      Sky
      laws of such number of states as are reasonably requested by the Purchaser,
      provided
      that the
      Company shall not be obligated to qualify as a foreign corporation to do
      business under the laws of any such jurisdiction.

    

    (e) The
      Company shall be required to maintain the effectiveness of the Registration
      Statement until the earlier of (i) the public sale of all of the Registered
      Securities registered thereunder, or (ii) the expiration of two years from
      the
      date such Registration Statement has been declared effective by the Commission.
      Following the effective date of the Registration Statement, the Company shall,
      upon Purchaser’s request, supply Purchaser with such number of prospectuses
      meeting the requirements of the Act as shall be reasonably requested by
      Purchaser to permit Purchaser to make a public distribution of the Registered
      Securities.

    

    (f) The
      Company agrees that until all Registered Securities have been sold pursuant
      to
      the Registration Statement or pursuant to Rule 144 under the Act, it will keep
      current in filing all reports and materials required to be filed with the
      Commission in order to permit the Purchaser to sell the Registered Securities
      under Rule 144.

    

    (g)
       The
      Company shall indemnify and hold Purchaser harmless from and against all losses,
      claims, damages and liabilities caused by any untrue statement or alleged untrue
      statement of a material fact contained in the Registration Statement or any
      prospectus included therein or any application or other filing under any State
      securities law (or by any omission or alleged omission to state therein a
      material fact required to be stated therein or necessary to make the statements
      therein not misleading).

    

    5. Survival.
      The
      Purchaser and the Company acknowledge and agree that all of their
      representations, warranties, covenants and agreements contained herein shall
      survive the Closing Date. 

     

    6.
       Governing
      Law. This
      Subscription Agreement shall be governed by, and shall be construed and
      interpreted in accordance with the laws of the State of Florida, without giving
      effect to the principles of conflicts of law thereof. 

    

    7.
       Notices.
      Any and
      all notices and other communications given pursuant to this Subscription
      Agreement shall be in writing and shall be deemed to have been duly given when
      delivered by hand, receipt acknowledged, or when delivered by registered or
      certified mail, postage prepaid, return receipt requested, to the Company and
      to
      the Purchaser at their respective addresses set forth beneath their signatures
      below. 

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    
8. 
      Entire Agreement. This
      Subscription Agreement, together with the exhibits attached hereto, constitutes
      the entire agreement between the parties with respect to the subject matter
      hereof and supersedes all prior agreements, understandings, negotiations and
      arrangements, both oral and written, between the parties with respect to such
      subject matter. This Subscription Agreement may not be amended or modified
      in
      any manner, except by a written instrument executed by each of the parties
      hereto. 

    

    9. Benefits:
      Binding Effect.
      This
      Subscription Agreement shall be for the benefit of, and shall be binding upon,
      the parties hereto and their respective successors and permitted assigns.
      Neither this Subscription Agreement nor any of the rights or obligations of
      the
      parties hereto shall be assigned in the absence of the written consent of the
      non-assigning party. 

    

    10.
       Jurisdiction
      and Venue. Any
      claim
      arising out of, connected with, or in any way related to this Subscription
      Agreement which results in litigation shall be instituted and adjudicated in
      the
      Federal District Court for the Southern District of Florida or in the State
      Court for Broward County, Florida. In no event shall either party to this
      Subscription Agreement contest the personal jurisdiction of such courts over
      or
      the venue of such courts with respect to any such litigation. In
      the
      event of any such litigation, the party prevailing therein shall be reimbursed
      by the non-prevailing party for all costs and expenses (including legal fees)
      incurred by the prevailing party in connection therewith.

    

    11.
       Gender. In
      this
      Subscription Agreement, any reference to the masculine gender shall mean and
      include the feminine gender. 

    

    12.
       Headings.
      The
      headings contained in this Subscription Agreement are for reference purposes
      only and shall not affect in any way the meaning or interpretation of any or
      all
      of the provisions hereof. 

    

    13. Counterparts.
      This
      Subscription Agreement may be executed in any number of counterparts and by
      each
      of the parties hereto in separate counterparts, each of which shall be deemed
      to
      constitute an original and all of which shall be deemed to constitute the one
      and the same instrument. This Subscription Agreement may
      be
      executed by facsimile transmission, which transmission will be deemed to be
      an
      original and considered fully legal and binding on all of the signatories
      hereto.

    

    14. Absence
      of Official Evaluation.
      Purchaser
      understands that no federal or state agency has made any finding or
      determination as to the fairness of the terms of an investment in the Company,
      nor any recommendation for or endorsement of the Shares offered
      hereby.

     

    15. Additional
      Financing.
      Purchaser further acknowledges that nothing hereunder shall preclude the Company
      from seeking and/or procuring additional equity and/or debt
      financing.

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    16. Nonreliance.
      Purchaser is not relying on the Company or any representation contained herein
      or in the documents referred to herein with respect to the tax and economic
      effect of Purchaser's investment in the Company.

    

    17. No
      General Solicitation.
      Purchaser is not subscribing for the Shares because of or following any
      advertisement, article, notice or other communication published in any
      newspaper, magazine or similar media or broadcast over television or radio,
      or
      presented at any seminar or meeting, or any solicitation or a subscription
      by a
      person other than an authorized representative of the Company.

    

    18. Regulation
      D Offering.
      The
      offer and issuance of the Shares and Warrants to the Purchaser is being made
      pursuant to the exemption from the registration provisions of the 1933 Act
      afforded by Section 4(2) or Section 4(6) of the 1933 Act and/or Rule 506 of
      Regulation D promulgated thereunder. The Company will provide, at the Company's
      expense, such legal opinions in the future as are reasonably necessary for
      the
      issuance and resale of the Shares and the shares issued upon exercise of the
      Warrants.

    

    IN
      WITNESS WHEREOF, the Purchaser and the Company have executed and delivered
      this
      Subscription Agreement as of September ___, 2008. 

    
       

        
          	
                  TAO
                    MnD AG

                
	 
	
                  By:

                	 	 
	
                  Name:

                
	
                  Address:

                
	 
	
                  GLOBETEL
                    COMMUNICATIONS CORP.

                
	 
	 
	
                  By:

                	
                  /s/
                    Joanthan Leinwand

                	 
	
                  Name:
                    Jonathan Leinwand, CEO

                

        

      

    

     

    
      
         

      

      
        6THIS
      WARRANT AND THE COMMON SHARES ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE NOT
      BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THIS WARRANT
      AND
      THE COMMON SHARES ISSUABLE UPON EXERCISE OF THIS WARRANT MAY NOT BE SOLD,
      OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE
      REGISTRATION STATEMENT UNDER SAID ACT OR AN OPINION OF COUNSEL REASONABLY
      SATISFACTORY TO SANSWIRE CORP. THAT SUCH REGISTRATION IS NOT
      REQUIRED.

    

    
      	
              Right to Purchase __________ shares of Common Stock of

              Sanswire Corp. (subject to adjustment as provided herein)

            

    

    

    CLASS A
      COMMON STOCK PURCHASE WARRANT

     

    
      	
              No. 2008-A-201

            	
              Issue
                Date: October ___, 2008

            

    

    

    SANSWIRE
      CORP., a corporation organized under the laws of the State of Delaware (the
      “Company”), hereby certifies that, for value received, ________________________

    ____________________________________________________
      or its assigns (the “Holder”), is entitled, subject to the terms set forth
      below, to purchase from the Company at any time after the Issue Date until
      5:00
      p.m., E.S.T on the date two years from the Issue Date (the “Expiration Date”),
      up to ___________ fully paid and nonassessable shares of the common stock of
      the
      Company (the “Common Stock”), $.00001 par value per share at a per share
      purchase price of $.21. The aforedescribed purchase price per share, as adjusted
      from time to time as herein provided, is referred to herein as the "Purchase
      Price." The number and character of such shares of Common Stock and the Purchase
      Price are subject to adjustment as provided herein. The Company may reduce
      the
      Purchase Price without the consent of but upon notice to the Holder. Capitalized
      terms used and not otherwise defined herein shall have the meanings set forth
      in
      that certain Subscription Agreement, dated October ___, 2008, entered into
      between the Company and the Holder (the “Subscription
      Agreement”).

    

    As
      used
      herein the following terms, unless the context otherwise requires, have the
      following respective meanings: 

     

    (a) The
      term
“Company” shall include Sanswire Corp. and any corporation which shall succeed
      or assume the obligations of Sanswire Corp. hereunder. 

     

    (b) The
      term
“Common Stock” includes (a) the Company's Common Stock, $.00001 par value
      per share, as authorized on the date of the Subscription Agreement, and (b)
      any
      other securities into which or for which any of the securities described in
      (a) may be converted or exchanged pursuant to a plan of recapitalization,
      reorganization, merger, sale of assets or otherwise.

     

    (c) The
      term
“Other Securities” refers to any capital stock (other than Common Stock) and
      other securities of the Company or any other person (corporate or otherwise)
      which the Holder of this Warrant at any time shall be entitled to receive,
      or
      shall have received, on the exercise of this 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 4 or otherwise. 

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    1. Exercise
      of Warrant.

     

    1.1. Number
      of Shares Issuable upon Exercise.
      From
      and after the Issue Date through and including the Expiration Date, the Holder
      hereof shall be entitled to receive, upon exercise of this Warrant in whole
      in
      accordance with the terms of subsection 1.2 or upon exercise of this
      Warrant in part in accordance with subsection 1.3, shares of Common Stock
      of the Company, subject to adjustment pursuant to Section 4.

     

    1.2. Full
      Exercise.
      This
      Warrant may be exercised in full by the Holder hereof by delivery of an original
      or facsimile copy of the form of subscription attached as Exhibit A hereto
      (the “Subscription Form") duly executed by such Holder and surrender of the
      original Warrant within three (3) business days of exercise, to the Company
      at
      its principal office or at the office of its Warrant Agent (as provided
      hereinafter), accompanied by payment, in cash, wire transfer or by certified
      or
      official bank check payable to the order of the Company, in the amount obtained
      by multiplying the number of shares of Common Stock for which this Warrant
      is
      then exercisable by the Purchase Price then in effect. 

     

    1.3. Partial
      Exercise.
      This
      Warrant may be exercised in part (but not for a fractional share) by surrender
      of this Warrant in the manner and at the place provided in subsection 1.2
      except that the amount payable by the Holder on such partial exercise shall
      be
      the amount obtained by multiplying (a) the number of whole shares of Common
      Stock designated by the Holder in the Subscription Form by (b) the Purchase
      Price then in effect. On any such partial exercise, the Company, at its expense,
      will forthwith issue and deliver to or upon the order of the Holder hereof
      a new
      Warrant of like tenor, in the name of the Holder hereof or as such Holder (upon
      payment by such Holder of any applicable transfer taxes) may request, for the
      whole number of shares of Common Stock for which such Warrant may still be
      exercised.

     

    1.4. Fair
      Market Value.
      Fair
      Market Value of a share of Common Stock as of a particular date (the
      "Determination Date") shall mean: 

     

    (a) If
      the
      Company's Common Stock is traded on an exchange or is quoted on the National
      Association of Securities Dealers, Inc. Automated Quotation ("NASDAQ"), National
      Market System, the NASDAQ SmallCap Market or the American Stock Exchange, then
      the closing or last sale price, respectively, reported for the last business
      day
      immediately preceding the Determination Date;

     

    (b) If
      the
      Company's Common Stock is not traded on an exchange or on the NASDAQ National
      Market System, the NASDAQ SmallCap Market or the American Stock Exchange but
      is
      traded in the over-the-counter market, then the average of the closing bid
      and
      ask prices reported for the last business day immediately preceding the
      Determination Date;

     

    (c) Except
      as
      provided in clause (d) below, if the Company's Common Stock is not publicly
      traded, then as the Holder and the Company agree, or in the absence of such
      an
      agreement, by arbitration in accordance with the rules then standing of the
      American Arbitration Association, before a single arbitrator to be chosen from
      a
      panel of persons qualified by education and training to pass on the matter
      to be
      decided; or

     

    (d) If
      the
      Determination Date is the date of a liquidation, dissolution or winding up
      of
      the Company, or any event deemed to be a liquidation, dissolution or winding
      up
      pursuant to the Company's charter, then all amounts to be payable per share
      to
      holders of the Common Stock pursuant to the charter in the event of such
      liquidation, dissolution or winding up, plus all other amounts to be payable
      per
      share in respect of the Common Stock in liquidation under the charter, assuming
      for the purposes of this clause (d) that all of the shares of Common Stock
      then issuable upon exercise of this Warrant are outstanding at the Determination
      Date.

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    1.5. Company
      Acknowledgment.
      The
      Company will, at the time of the exercise of this Warrant, upon the request
      of
      the Holder hereof, acknowledge in writing its continuing obligation to afford
      to
      such Holder any rights to which such Holder shall continue to be entitled after
      such exercise in accordance with the provisions of this Warrant. If the Holder
      shall fail to make any such request, such failure shall not affect the
      continuing obligation of the Company to afford to such Holder any such
      rights.

     

    1.6. Trustee
      for Warrant Holders.
      In the
      event that a bank or trust company shall have been appointed as trustee for
      the
      Holder of the Warrants pursuant to subsection 3.2, such bank or trust
      company shall have all the powers and duties of a warrant agent (as hereinafter
      described) and shall accept, in its own name for the account of the Company
      or
      such successor person as may be entitled thereto, all amounts otherwise payable
      to the Company or such successor, as the case may be, on exercise of this
      Warrant pursuant to this Section 1. 

     

    1.7 Delivery
      of Stock Certificates, etc. on Exercise.
      The
      Company agrees that the shares of Common Stock purchased upon exercise of this
      Warrant shall be deemed to be issued to the Holder hereof as the record owner
      of
      such shares as of the close of business on the date on which this Warrant shall
      have been surrendered and payment made for such shares as aforesaid. As soon
      as
      practicable after the exercise of this Warrant in full or in part, and in any
      event within three (3) 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 Holder hereof, or as such Holder (upon payment by such Holder of any
      applicable transfer taxes) may direct in compliance with applicable securities
      laws, a certificate or certificates for the number of duly and validly issued,
      fully paid and nonassessable shares of Common Stock (or Other Securities) to
      which such Holder shall be entitled on such exercise, plus, in lieu of any
      fractional share to which such Holder would otherwise be entitled, cash equal
      to
      such fraction multiplied by the then Fair Market Value of one full share of
      Common Stock, together with any other capital stock or other securities and
      property (including cash, where applicable) to which such Holder is entitled
      upon such exercise pursuant to Section 1 or otherwise. 

     

    2. Cashless
      Exercise.

     

    (a) If
      a
      Registration Statement (as defined in the Subscription Agreement) (“Registration
      Statement”) is effective and the Holder may sell its shares of Common Stock upon
      exercise hereof pursuant to the Registration Statement, this Warrant may be
      exercised in whole or in part for cash only as set forth in Section 1 above.
      If
      no such Registration Statement is available
      during
      the time that such Registration Statement is required to be effective pursuant
      to the terms of the Subscription Agreement, then payment upon exercise may
      be
      made at the option of the Holder either in (i) cash, wire transfer or by
      certified or official bank check payable to the order of the Company equal
      to
      the applicable aggregate Purchase Price, (ii) by delivery of Common Stock
      issuable upon exercise of the Warrants in accordance with
      Section (b) below or (iii) by a combination of any of the
      foregoing methods, for the number of Common Stock specified in the applicable
      Subscription Form (as such exercise number shall be adjusted to reflect any
      adjustment in the total number of shares of Common Stock issuable to the Holder
      per the terms of this Warrant) and the Holder shall thereupon be entitled to
      receive the number of duly authorized, validly issued, fully-paid and
      non-assessable shares of Common Stock (or Other Securities) determined as
      provided herein.

     

    (b) If
      the
      Fair Market Value of one share of Common Stock is greater than the Purchase
      Price (at the date of calculation as set forth below), in lieu of exercising
      this Warrant for cash, the Holder may elect to receive shares of Common Stock
      equal to the value (as determined below) of this Warrant (or the portion thereof
      being cancelled by virtue of the exercise of this Warrant) by surrender of
      this
      Warrant at the principal office of the Company together with the properly
      endorsed Subscription Form in which event the Company shall issue to the Holder
      a number of shares of Common Stock computed using the following
      formula:

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    X=Y
      multiplied by (A-B)

    A

    

    
      	
            	Where
              X=	
              the
                number of shares of Common Stock to be issued to the
                Holder

            

    

    

    
      	 	
              Y=

            	
              the
                number of shares of Common Stock purchasable under the Warrant or,
                if only
                a portion of this 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=

            	
              Purchase
                Price (as adjusted to the date of such
                calculation)

            

    

     

    To
      illustrate the above, assuming the exercise by the Holder of 100,000 of the
      shares covered by this Warrant where Y= 100,000, A= $.30 and B=$.21

     

    
      	
            	1.	
              100,000($.30-
                .21)

            

    

    
      
        

      

    

    .30

    

    
      	
            	2.	
              100,000
                x .09 = 9,000

            

    

     

    
      	
            	3.	
              9,000/.30=30,000

            

    

     

    Therefore,
      where the exercise price of the shares is $.21 and the fair market price of
      the
      shares is $.30, upon a cashless exercise of $100,000 shares, the Holder will
      receive 30,000 shares.

     

    For
      purposes of Rule 144 promulgated under the 1933 Act, it is intended, understood
      and acknowledged that the Warrant Shares issued in a cashless exercise
      transaction shall be deemed to have been acquired by the Holder, and the holding
      period for the Warrant Shares shall be deemed to have commenced, on the date
      this Warrant was originally issued pursuant to the Subscription
      Agreement.

     

    3. Adjustment
      for Reorganization, Consolidation, Merger, etc.

     

    3.1. Reorganization,
      Consolidation, Merger, etc.
      In case
      at any time or from time to time, the Company shall (a) effect a
      reorganization, (b) consolidate with or merge into any other person or
      entity or (c) transfer all or substantially all of its properties or assets
      to any other person or entity under any plan or arrangement contemplating the
      dissolution of the Company, then, in each such case, as a condition to the
      consummation of such a transaction, proper and adequate provision shall be
      made
      by the Company whereby the Holder of this Warrant, on the exercise hereof as
      provided in Section 1, at any time after the consummation of such
      reorganization, consolidation or merger or the effective date of such
      dissolution, as the case may be, shall receive, in lieu of the Common Stock
      (or
      Other Securities) issuable on such exercise prior to such consummation or such
      effective date, the capital stock and other securities and property (including
      cash) to which such Holder would have been entitled upon such consummation
      or in
      connection with such dissolution, as the case may be, if such Holder had so
      exercised this Warrant, immediately prior thereto, all subject to further
      adjustment thereafter as provided in Section 4.

     

    3.2. Dissolution.
      In the
      event of any dissolution of the Company following the transfer of all or
      substantially all of its properties or assets, the Company, prior to such
      dissolution, shall at its expense, deliver or cause to be delivered the capital
      stock and other securities and property (including cash, where applicable)
      receivable by the Holder of this Warrant after the effective date of such
      dissolution pursuant to this Section 3 to a bank or trust company (a
      "Trustee") having its principal office in New York, NY, as trustee for the
      Holder of the Warrants. 

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    3.3. Continuation
      of Terms.
      Upon
      any reorganization, consolidation, merger or transfer (and any dissolution
      following any transfer) referred to in this Section 3, this Warrant shall
      continue in full force and effect and the terms hereof shall be applicable
      to
      the Other Securities and property receivable on the exercise of this Warrant
      after the consummation of such reorganization, consolidation or merger or the
      effective date of dissolution following any such transfer, as the case may
      be,
      and shall be binding upon the issuer of any Other Securities, including, in
      the
      case of any such transfer, the person or entity acquiring all or substantially
      all of the properties or assets of the Company, whether or not such person
      shall
      have expressly assumed the terms of this Warrant as provided in Section 4.
      In the event this Warrant does not continue in full force and effect after
      the
      consummation of the transaction described in this Section 3, then only in
      such event will the Company's securities and property (including cash, where
      applicable) receivable by the Holder of this Warrant be delivered to the Trustee
      as contemplated by Section 3.2.

     

    3.4 Share
      Issuance.
      Until
      the Expiration Date, if the Company shall issue any Common Stock, prior to
      the
      complete exercise of this Warrant for a consideration less than the Purchase
      Price that would be in effect at the time of such issue, then, and thereafter
      successively upon each such issue, the Purchase Price shall automatically and
      with no action required by the Company or Holder, be reduced to such other
      lower
      issue price. For purposes of this adjustment, the issuance of any security
      or
      debt instrument of the Company carrying the right to convert such security
      or
      debt instrument into Common Stock or of any warrant, right or option to purchase
      Common Stock shall result in an adjustment to the Purchase Price upon the
      issuance of the above-described security, debt instrument, warrant, right,
      or
      option and again at any time upon any subsequent issuances of shares of Common
      Stock upon exercise of such conversion or purchase rights if such issuance
      is at
      a price lower than the Purchase Price in effect upon such issuance. The
      reduction of the Purchase Price described in this Section 3.4 is in addition
      to
      the other rights of the Holder described in the Subscription
      Agreement.

     

    4. Extraordinary
      Events Regarding Common Stock.
      In the
      event that the Company shall (a) issue additional shares of the Common
      Stock as a dividend or other distribution on outstanding Common Stock,
      (b) subdivide its outstanding shares of Common Stock, or (c) combine
      its outstanding shares of the Common Stock into a smaller number of shares
      of
      the Common Stock, then, in each such event, the Purchase Price shall,
      simultaneously with the happening of such event, be adjusted by multiplying
      the
      then Purchase Price by a fraction, the numerator of which shall be the number
      of
      shares of Common Stock outstanding immediately prior to such event and the
      denominator of which shall be the number of shares of Common Stock outstanding
      immediately after such event, and the product so obtained shall thereafter
      be
      the Purchase Price then in effect. The Purchase Price, as so adjusted, shall
      be
      readjusted in the same manner upon the happening of any successive event or
      events described herein in this Section 4. The number of shares of Common
      Stock that the Holder of this Warrant shall thereafter, on the exercise hereof
      as provided in Section 1, be entitled to receive shall be adjusted to a
      number determined by multiplying the number of shares of Common Stock that
      would
      otherwise (but for the provisions of this Section 4) be issuable on such
      exercise by a fraction of which (a) the numerator is the Purchase Price
      that would otherwise (but for the provisions of this Section 4) be in
      effect, and (b) the denominator is the Purchase Price in effect on the date
      of such exercise.

     

    5. Certificate
      as to Adjustments.
      In each
      case of any adjustment or readjustment in the shares of Common Stock (or Other
      Securities) issuable on the exercise of this Warrant, the Company at its expense
      will promptly cause its Chief Financial Officer or other appropriate designee
      to
      compute such adjustment or readjustment in accordance with the terms of this
      Warrant and prepare a certificate setting forth such adjustment or readjustment
      and showing in detail the facts upon which such adjustment or readjustment
      is
      based, including a statement of (a) the consideration received or
      receivable by the Company for any additional shares of Common Stock (or Other
      Securities) issued or sold or deemed to have been issued or sold, (b) the
      number of shares of Common Stock (or Other Securities) outstanding or deemed
      to
      be outstanding, and (c) the Purchase Price and the number of shares of
      Common Stock to be received upon exercise of this Warrant, in effect immediately
      prior to such adjustment or readjustment and as adjusted or readjusted as
      provided in this Warrant. The Company will forthwith mail a copy of each such
      certificate to the Holder of this Warrant and any Warrant Agent of the Company
      (appointed pursuant to Section 10 hereof).

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    6. Reservation
      of Stock, etc. Issuable on Exercise of Warrant; Financial
      Statements.
      The
      Company will at all times reserve and keep available, solely for issuance and
      delivery on the exercise of this Warrant, all shares of Common Stock (or Other
      Securities) from time to time issuable on the exercise of the Warrant. This
      Warrant entitles the Holder hereof to receive copies of all financial and other
      information distributed or required to be distributed to the holders of the
      Company's Common Stock. 

     

    7. Assignment;
      Exchange of Warrant.
      Subject
      to compliance with applicable securities laws, this Warrant, and the rights
      evidenced hereby, may be transferred by any registered holder hereof (a
      "Transferor"). On the surrender for exchange of this Warrant, with the
      Transferor's endorsement in the form of Exhibit B attached hereto (the
“Transferor Endorsement Form") and together with an opinion of counsel
      reasonably satisfactory to the Company that the transfer of this Warrant will
      be
      in compliance with applicable securities laws, the Company at its expense,
      but
      with payment by the Transferor of any applicable transfer taxes, will issue
      and
      deliver to or on the order of the Transferor thereof a new Warrant or Warrants
      of like tenor, in the name of the Transferor and/or the transferee(s) specified
      in such Transferor Endorsement Form (each a "Transferee"), calling in the
      aggregate on the face or faces thereof for the number of shares of Common Stock
      called for on the face or faces of the Warrant so surrendered by the Transferor.
      No such transfers shall result in a public distribution of this
      Warrant.

     

    8. Replacement
      of Warrant.
      On
      receipt of evidence reasonably satisfactory to the Company of the loss, theft,
      destruction or mutilation of this Warrant and, in the case of any such loss,
      theft or destruction of this Warrant, on delivery of an indemnity agreement
      or
      security reasonably satisfactory in form and amount to the Company or, in the
      case of any such mutilation, on surrender and cancellation of this Warrant,
      the
      Company at its expense, will execute and deliver, in lieu thereof, a new Warrant
      of like tenor.

     

    9. Registration
      Rights.
      The
      Holder of this Warrant has been granted certain registration rights by the
      Company. These registration rights are set forth in the Subscription Agreement
      and the terms thereof are incorporated herein by this reference. In the event
      the Company is unable to issue Common Stock upon exercise of this Warrant where
      this Warrant and/or the shares issuable upon the exercise of this Warrant have
      been registered in the Registration Statement described in the Subscription
      Agreement, within the time periods described in such Agreement, which
      Registration Statement must be effective for the periods set forth in the
      Subscription Agreement, then upon written demand made by the Holder, the Company
      will pay to the Holder of this Warrant, in lieu of delivering Common Stock,
      a
      sum equal to the closing price of the Company's Common Stock on the principal
      market or exchange upon which the Common Stock is listed for trading on the
      trading date immediately preceding the date notice is given by the Holder,
      less
      the Purchase Price, for each share of Common Stock designated in such notice
      from the Holder.

     

    10. Warrant
      Agent.
      The
      Company may, by written notice to the Holder of this Warrant, appoint an agent
      (a “Warrant Agent”) for the purpose of issuing Common Stock (or Other
      Securities) on the exercise of this Warrant pursuant to Section 1,
      exchanging this Warrant pursuant to Section 7, and replacing this Warrant
      pursuant to Section 8, or any of the foregoing, and thereafter any such
      issuance, exchange or replacement, as the case may be, shall be made at the
      office of such Warrant Agent. 

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    11. Transfer
      on the Company's Books.
      Until
      this Warrant is transferred on the books of the Company, the Company may treat
      the registered holder hereof as the absolute owner hereof for all purposes,
      notwithstanding any notice to the contrary. 

     

    12. Notices.
      All
      notices, demands, requests, consents, approvals, and other communications
      required or permitted hereunder shall be in writing and, unless otherwise
      specified herein, shall be (i) personally served, (ii) deposited in the mail,
      registered or certified, return receipt requested, postage prepaid, (iii)
      delivered by reputable air courier service with charges prepaid, or (iv)
      transmitted by hand delivery, telegram, or facsimile, addressed as set forth
      below or to such other address (or facsimile number) as such party shall have
      specified most recently by written notice. Any notice or other communication
      required or permitted to be given hereunder shall be deemed effective (a) upon
      hand delivery or delivery by facsimile, with accurate confirmation generated
      by
      the transmitting facsimile machine, at the address or number designated below
      (if delivered on a business day during normal business hours where such notice
      is to be received), or the first business day following such delivery (if
      delivered other than on a business day during normal business hours where such
      notice is to be received) or (b) on the second business day following the date
      of mailing by express courier service, fully prepaid, addressed to such address,
      or upon actual receipt of such mailing, whichever shall first occur. The
      addresses for such communications shall be: (i) if to the Company to:
Sanswire
      Corp., 101 NE 3rd
      Ave.,
      Suite 1500, Fort Lauderdale, FL 33301, Attn: Jonathan Leinwand, CEO, telecopier
      number: (954) 252-4265,
      and (ii)
      if to the Holder, to the address and telecopier number listed on the first
      paragraph of this Warrant, with a copy by telecopier only to:
      _______________________________________.

     

    13. Miscellaneous.
      This
      Warrant and any term hereof may be changed, waived, discharged or terminated
      only by an instrument in writing signed by the party against which enforcement
      of such change, waiver, discharge or termination is sought. This Warrant shall
      be construed and enforced in accordance with and governed by the laws of
      Florida. Any dispute relating to this Warrant shall be adjudicated in Broward
      County in the State of Florida. The headings in this Warrant are for purposes
      of
      reference only, and shall not limit or otherwise affect any of the terms hereof.
      The invalidity or unenforceability of any provision hereof shall in no way
      affect the validity or enforceability of any other provision. This Warrant
      shall
      be binding upon and inure to the benefit of the parties hereto and their
      respective successors and assigns.

     

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

     

    
      	
              SANSWIRE
                CORP.

            
	 
	
              By:

            	  

	 	
              Jonathan
                Leinwand, Chief Executive Officer

            

    

    

    
      	
              Witness:

            
	 
	  

	  

	
              Print
                Name

            

    

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    Exhibit A

    

    FORM
      OF
      SUBSCRIPTION

    (to
      be
      signed only on exercise of Warrant)

    TO:
      SANSWIRE CORP. 

    The
      undersigned, pursuant to the provisions set forth in the attached Warrant
      (No.____), hereby irrevocably elects to purchase (check applicable
      box):

    

    ___ ________
      shares of the Common Stock covered by such Warrant; or

    ___ the
      number of shares of Common Stock covered by such Warrant pursuant to the
      cashless exercise provision set forth in Section 2.

    

    The
      undersigned herewith makes payment of the full purchase price for such shares
      at
      the price per share provided for in such Warrant, which is $___________. Such
      payment takes the form of (check applicable box or boxes):

    

    ___ $__________
      in lawful money of the United States; and/or

    ___ the
      cancellation of such portion of the attached Warrant as is exercisable for
      a
      total of _______ shares of Common Stock (using a Fair Market Value of $_______
      per share for purposes of this calculation); and/or

    

    ___ the
      cancellation of such number of shares of Common Stock as is necessary, in
      accordance with the formula set forth in Section 2, to exercise this
      Warrant with respect to the number of shares of Common Stock purchasable
      pursuant to the cashless exercise provision set forth in
      Section 2.

    

    The
      undersigned requests that the certificates for such shares be issued in the
      name
      of, and delivered to _____________________________________________________
      whose
      address is
      __________________________________________________________________________________________________________________________________________________________________________

    The
      undersigned represents and warrants that all offers and sales by the undersigned
      of the securities issuable upon exercise of the within Warrant shall be made
      pursuant to registration of the Common Stock under the Securities Act of 1933,
      as amended (the "Securities Act"), or pursuant to an exemption from registration
      under the Securities Act.

    

    
      	
              Dated:

            	  
	 	  

	 	 	 	
              (Signature
                must conform to name of holder as

              specified
                on the face of the Warrant)

            
	 	 	 	 
	 	 	 	  

	 	 	 	  

	 	 	 	
              (Address)

            

    

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    Exhibit B

    

    FORM
      OF
      TRANSFEROR ENDORSEMENT

    (To
      be
      signed only on transfer of Warrant)

     

    For
      value
      received, the undersigned hereby sells, assigns, and transfers unto the
      person(s) named below under the heading "Transferees" the right represented
      by
      the within Warrant to purchase the percentage and number of shares of Common
      Stock of SANSWIRE CORP. to which the within Warrant relates specified under
      the
      headings "Percentage Transferred" and "Number Transferred," respectively,
      opposite the name(s) of such person(s) and appoints each such person Attorney
      to
      transfer its respective right on the books of SANSWIRE CORP. with full power
      of
      substitution in the premises.

    

      
        	
                Transferees

              	 	
                Percentage
                  Transferred

              	 	
                Number
                  Transferred

              
	
                 

              	 	
                 

              	 	
                 

              
	
                 

              	 	
                 

              	 	
                 

              
	
                 

              	 	
                 

              	 	
                 

              

      

    

    

    
      	
              Dated:
                ______________, ___________

            	 	  

	
            	 	
              (Signature
                must conform to name of holder as specified

              on
                the face of the Warrant)

            
	 	 	 
	Signed
              in the presence of: 	 	 
	 	 	 
	 
	 	   

	
              
                (Name)

              

            	 	   

	 	 	
              (address)

            
	 	 	 
	
              ACCEPTED
                AND AGREED:

            	 	  

	
              [TRANSFEREE]

            	 	  

	 	 	
              (address)

            
	 	 	 
	  
	 	 
	
              (Name)

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