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Unassociated Document

    NEITHER
THIS SECURITY NOR THE SECURITIES INTO WHICH THIS SECURITY IS EXERCISABLE HAVE
BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES
COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”), AND, ACCORDINGLY, MAY
NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A
TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE 1933 ACT AND IN
ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION
OF COUNSEL TO THE TRANSFEROR REASONABLY ACCEPTABLE TO THE COMPANY TO SUCH
EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE TO THE
COMPANY.

     

    WARRANT

     

    To
Purchase __________ Shares of Common Stock of

     

    GEOS
COMMUNICATIONS, INC.

     

    THIS WARRANT (the “Warrant”) certifies that, for
value received, ______________ (the “Holder”), is entitled, upon
the terms and subject to the limitations on exercise and the conditions
hereinafter set forth, at any time on or after ____________ (the “Initial Exercise Date”) and on
or prior to the three-year anniversary of the Initial Exercise Date (the “Termination Date”), but not
thereafter, to subscribe for and purchase from Geos Communications, Inc., a
Washington corporation (the “Company”), up to _________
shares (the “Warrant
Shares”) of common stock, no par value per share, of the Company (the
“Common
Stock”).  The purchase price of each share of Common Stock (the
“Exercise Price”) under
this Warrant shall be $0.625,
subject to adjustment hereunder.  The dollar amounts and number
of shares set forth in this Warrant reflect the Company’s 1-for-10 reverse stock
split effected on May 14, 2009.

     

    1.           Title to
Warrant.  Prior to the Termination Date and subject to
compliance with applicable laws and Section 8 of this Warrant, this Warrant and
all rights hereunder are transferable, in whole or in part, at the office or
agency of the Company by the Holder in person or by duly authorized attorney,
upon surrender of this Warrant together with the Assignment Form attached hereto
as Exhibit A
(the “Assignment Form”),
properly endorsed.

     

    2.           Authorization of
Shares.  The Company covenants that all Warrant Shares which
may be issued upon the exercise of the purchase rights represented by this
Warrant will, upon exercise of the purchase rights represented by this Warrant,
be duly authorized, validly issued, fully paid and nonassessable and free from
all taxes, liens and charges in respect of the issue thereof (other than taxes
in respect of any transfer occurring contemporaneously with such
issue).

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    3.           Exercise of
Warrant.

     

    (a)           Exercise
of the purchase rights represented by this Warrant may be made at any time or
times on or after the Initial Exercise Date and on or before the Termination
Date by delivery to the Company (or such other office or agency of the Company
as it may designate by notice in writing to the registered Holder at the address
of such Holder appearing on the books of the Company) of a duly executed
facsimile copy of the Notice of Exercise in the form attached hereto as Exhibit B (the “Notice of Exercise”); provided, however, within three
(3) Business Days of the date said Notice of Exercise is delivered to the
Company, the Holder shall have surrendered this Warrant to the Company, and, if
the Holder has not elected to make a cashless exercise as provided below, the
Company shall have received payment of the aggregate Exercise Price of the
shares thereby purchased by wire transfer or cashier’s check drawn on a United
States bank.  Certificates for Warrant Shares purchased hereunder
shall be delivered to the Holder no later than three (3) Business Days after the
delivery to the Company of the Notice of Exercise, surrender of this Warrant
and, if the Holder has not elected to make a cashless exercise as provided
below, payment of the aggregate Exercise Price as set forth above (“Warrant Share Delivery
Date”).  Prior to the issuance of such Warrant Shares, if the
Company fails to deliver to the Holder a certificate or certificates
representing the Warrant Shares pursuant to this Section 3(a) by the Warrant
Share Delivery Date, then the Holder will have the right to rescind such
exercise.  Nothing herein shall limit a Holder’s right to pursue any
other remedies available to it hereunder, at law or in equity, including,
without limitation, a decree of specific performance and/or injunctive relief
with respect to the Company’s failure to timely deliver certificates
representing Warrant Shares as required pursuant to the terms hereof. “Business Day” shall mean any
day other than: (i) Saturday or Sunday or (ii) a legal holiday on which banks in
the State of Georgia are authorized to be closed for business.

     

    (b)           If
this Warrant shall have been exercised in part, then the Company shall, at the
time of delivery of the certificate or certificates representing the Warrant
Shares, deliver to Holder a new Warrant evidencing the rights of Holder to
purchase the unpurchased Warrant Shares called for by this Warrant, which new
Warrant shall in all other respects be identical with this Warrant.

     

    (c)           In
the event that the Holder elects to make a cashless exercise as provided above,
the Company shall issue to the Holder the number of shares of Common Stock equal
to the result obtained by (i) subtracting B from A, (ii) multiplying
the difference by C, and (iii) dividing the product by A, as set forth in
the following equation:

     

    
      	
               
      

            	
              X

            	
              =

            	
              (A - B) x
      C  where:

            

    

    
      	
               
      

            	
              A

            

    

     

    
      	
               
      

            	
              X

            	
              =

            	
              the
      number of shares of Common Stock issuable upon a cashless exercise of the
      Warrant pursuant to the provisions of this
  Section 3.

            

    

     

    
      	
               
      

            	
              A

            	
              =

            	
              the
      Fair Market Value (as defined below) of one share of Common Stock on the
      date of net issuance exercise.

            

    

     

    
      	
               
      

            	
              B

            	
              =

            	
              the
      Exercise Price for one share of Common Stock under this
      Warrant.

            

    

     

    
      	
               
      

            	
              C

            	
              =

            	
              the
      number of shares of Common Stock as to which this Warrant is
      exercisable.

            

    

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    If the
foregoing calculation results in a negative number, then no shares of Common
Stock shall be issued upon a cashless exercise.

     

    For the
purpose of such calculations, the fair market value per share of the shares of
Common Stock shall be, (i) if the cashless exercise of the Warrant is in
connection with a secondary public offering of the Company’s Common Stock, the
public offering price (before deducting commission, discounts or expenses) at
which the Common Stock is sold in such offering, (ii) if a public market for the
Company’s Common Stock exists at the time of such exercise, the average of the
closing bid and asked prices of the Common Stock quoted in the Over-The-Counter
Market Summary or the last reported sale price of the Common Stock or closing
price quoted on the NASDAQ National Market or on any exchange on which the
Common Stock is listed, whichever is applicable, as published in The Wall Street Journal for
the five (5) trading days prior to the date of determination of fair market
value; or (iii) if there is no public market for the Company’s Common Stock,
determined by the Company’s Board of Directors in good faith.

     

    4.           Repurchase of
Warrant.  The Company has the right to repurchase all or any
portion of the Warrant Shares issuable upon exercise of this Warrant from Holder
at a purchase price of $0.10 per Warrant Share at any time the Weighted Average
Price of the Common Stock is at or above 200% of the Exercise Price, as adjusted
hereunder, for twenty consecutive trading days.  “Weighted Average Price” means
the dollar volume-weighted average price for the Common Stock on the
Over-The-Counter Bulletin Board, AMEX, NYSE, the NASDAQ National Market or The
NASDAQ SmallCap Market Principal Market during the period beginning at 9:30:01
a.m., New York City Time, and ending at 4:00:00 p.m., New York City Time, as
reported by Bloomberg through its “Volume at Price” function or, if the
foregoing does not apply, the dollar volume-weighted average price of such
security in the over-the-counter market on the electronic bulletin board for
such security during the period beginning at 9:30:01 a.m., New York City Time,
and ending at 4:00:00 p.m., New York City Time, as reported by Bloomberg, or, if
no dollar volume-weighted average price is reported for such security by
Bloomberg for such hours, the average of the highest closing bid price and the
lowest closing ask price of any of the market makers for such security as
reported in the “pink sheets” by Pink Sheets LLC (formerly the National
Quotation Bureau, Inc.).  If the Company elects to repurchase all or
any part of the Warrant Shares pursuant to this Section, then the Company shall
give to Holder at least 10 days’ prior written notice of the date on which the
repurchase shall occur.  Unless Holder exercises this Warrant in
accordance with Section 3 above within such 10 day period, then Holder shall
present this certificate to the Company upon payment by the Company of the
repurchase price and if all of the Warrant Shares exercisable hereunder are
repurchased this Warrant shall be cancelled.  Otherwise, a new Warrant
certificate for the portion of the Warrant Shares that remain exercisable
hereunder shall be reissued to Holder.

     

    5.           No Fractional Shares or
Scrip.  No fractional shares or scrip representing fractional
shares shall be issued upon the exercise of this Warrant.  As to any
fraction of a share which Holder would otherwise be entitled to purchase upon
such exercise, the Company shall round such fraction of a share up to the
nearest whole share.

    
      
         

      

      
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    6.           Charges, Taxes and
Expenses.  Issuance of certificates for Warrant Shares shall be
made without charge to the Holder for any issue or transfer tax or other
incidental expense in respect of the issuance of such certificate, all of which
taxes and expenses shall be paid by the Company, and such certificates shall be
issued in the name of the Holder or in such name or names as may be directed by
the Holder; provided, however, that in the
event certificates for Warrant Shares are to be issued in a name other than the
name of the Holder, this Warrant when surrendered for exercise shall be
accompanied by the Assignment Form duly executed by the Holder, and the Company
may require, as a condition thereto, the payment of a sum sufficient to
reimburse it for any transfer tax incidental thereto.

     

    7.           Closing of
Books.  The Company will not close its shareholder books or
records in any manner which prevents the timely exercise of this Warrant,
pursuant to the terms hereof.

     

    8.           Transfer, Division and
Combination.

     

    (a)           Subject
to compliance with any applicable securities laws and with the provisions of
Sections 1, 5 and 7(e) hereof, this Warrant and all rights hereunder are
transferable, in whole or in part, upon surrender of this Warrant at the
principal office of the Company, together with an Assignment Form completed and
duly executed by the Holder or its agent or attorney and funds sufficient to pay
any transfer taxes payable upon the making of such transfer.  Upon
such surrender and, if required, such payment, the Company shall execute and
deliver a new Warrant or Warrants in the name of the assignee or assignees and
in the denomination or denominations specified in the Assignment Form, and shall
issue to the assignor a new Warrant evidencing the portion of this Warrant not
so assigned, and this Warrant shall promptly be cancelled.  A Warrant,
if properly assigned, may be exercised by a new holder for the purchase of
Warrant Shares without having a new Warrant issued.

     

    (b)           This
Warrant may be divided or combined with other Warrants upon presentation hereof
at the aforesaid office of the Company, together with a written notice
specifying the names and denominations in which new Warrants are to be issued,
signed by the Holder or its agent or attorney.  Subject to compliance
with Section 8(a), as to any transfer which may be involved in such division or
combination, the Company shall execute and deliver a new Warrant or Warrants in
exchange for the Warrant or Warrants to be divided or combined in accordance
with such notice.

     

    (c)           The
Company shall prepare, issue and deliver at its own expense (other than transfer
taxes) the new Warrant or Warrants under this Section 8.

     

    (d)           The
Company agrees to maintain, at its aforesaid office, books for the registration
and the registration of transfer of the Warrants.

     

    (e)           If,
at the time of the surrender of this Warrant in connection with any transfer of
this Warrant, the transfer of this Warrant shall not be registered pursuant to
an effective registration statement under the 1933 Act and under applicable
state securities or blue sky laws, the Company may require, as a condition of
allowing such transfer:  (i) that the Holder or assignee of this
Warrant, as the case may be, furnish to the Company a written opinion of counsel
(which opinion shall be in form, substance and scope customary for opinions of
counsel in comparable transactions) to the effect that such transfer may be made
without registration under the 1933 Act and under applicable state securities or
blue sky laws; (ii) that the Holder or assignee execute and deliver to the
Company an investment representation letter in form and substance reasonably
satisfactory to the Company; and (iii) that the assignee be an “accredited
investor” as defined in Rule 501(a) promulgated under the 1933 Act or a
qualified institutional buyer as defined in Rule 144A(a) under the 1933
Act.

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    9.           No Rights as Shareholder
until Exercise.  This Warrant does not entitle the Holder to
any voting rights or other rights as a shareholder of the Company prior to the
exercise hereof.  Upon the surrender of this Warrant, the delivery of
the Notice of Exercise by facsimile copy, and the payment of the aggregate
Exercise Price and the payment of all taxes required to be paid by the Holder
prior to the issuance of the Warrant Shares pursuant to Section 5, if any,
the Warrant Shares so purchased shall be and be deemed to be issued to such
Holder as the record owner of such shares as of the close of business on the
later of the date of such surrender, delivery or payment.

     

    10.           Loss, Theft, Destruction or
Mutilation of Warrant.  The Company covenants that upon receipt
by the Company of evidence reasonably satisfactory to it of the loss, theft,
destruction or mutilation of this Warrant or any stock certificate relating to
the Warrant Shares, and in case of loss, theft or destruction, of indemnity or
security reasonably satisfactory to it (which, in the case of the Warrant, shall
not include the posting of any bond), and upon surrender and cancellation of
such Warrant or stock certificate, if mutilated, the Company will make and
deliver a new Warrant or stock certificate of like tenor and dated as of such
cancellation, in lieu of such Warrant or stock certificate.

     

    11.           Saturdays, Sundays,
Holidays, Etc.  If the last or appointed day for the taking of
any action or the expiration of any right required or granted herein shall not
be a Business Day, then such action may be taken or such right may be exercised
on the next succeeding Business Day.

     

    12.           Adjustments to Exercise
Price and Number of Warrant Shares.  The number and kind of
securities purchasable upon the exercise of this Warrant and the Exercise Price
shall be subject to adjustment from time to time if the Company
shall:  (i) pay a dividend in shares of Common Stock or make a
distribution in shares of Common Stock to holders of its outstanding Common
Stock; (ii) subdivide its outstanding shares of Common Stock into a greater
number of shares; (iii) combine its outstanding shares of Common Stock into a
smaller number of shares of Common Stock; or (iv) issue any shares of its
capital stock in a reclassification of the Common Stock.  Upon the
happening of any of the events set forth in subsections (i)-(iv) of this
Section 11(a), the number of Warrant Shares purchasable upon exercise of
this Warrant immediately prior thereto shall be adjusted so that the Holder
shall be entitled to receive the kind and number of Warrant Shares or other
securities of the Company which it would have owned or have been entitled to
receive had such Warrant been exercised in advance thereof.  Upon each
such adjustment of the kind and number of Warrant Shares or other securities of
the Company which are purchasable hereunder, the Holder shall thereafter be
entitled to purchase the number of Warrant Shares or other securities resulting
from such adjustment at an Exercise Price per Warrant Share or other security
obtained by multiplying the Exercise Price in effect immediately prior to such
adjustment by the number of Warrant Shares purchasable pursuant hereto
immediately prior to such adjustment and dividing by the number of Warrant
Shares or other securities of the Company that are purchasable pursuant hereto
immediately after such adjustment.  An adjustment made pursuant to
this paragraph shall become effective immediately after the effective date of
such event retroactive to the record date, if any, for such event.

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    13.           Reorganization,
Reclassification, Merger, Consolidation or Disposition of
Assets.  In case the Company shall reorganize its capital,
reclassify its capital stock, consolidate or merge with or into another
corporation (where the Company is not the surviving corporation or where there
is a change in or distribution with respect to the Common Stock of the Company),
or sell, transfer or otherwise dispose of its property, assets or business to
another corporation and, pursuant to the terms of such reorganization,
reclassification, merger, consolidation or disposition of assets, shares of
common stock of the successor or acquiring corporation, or any cash, shares of
stock or other securities or property of any nature whatsoever (excluding cash
but including warrants or other subscription or purchase rights) in addition to
or in lieu of common stock of the successor or acquiring corporation (“Other Property”), are to be
received by or distributed to the holders of Common Stock of the Company, then
the Holder shall have the right thereafter to receive the number of shares of
Common Stock of the successor or acquiring corporation or of the Company, if it
is the surviving corporation, and Other Property receivable upon or as a result
of such reorganization, reclassification, merger, consolidation or disposition
of assets by a Holder of the number of shares of Common Stock for which this
Warrant is exercisable immediately prior to such event. In case of any such
reorganization, reclassification, merger, consolidation or disposition of
assets, the successor or acquiring corporation (if other than the Company) shall
expressly assume the due and punctual observance and performance of each and
every covenant and condition of this Warrant to be performed and observed by the
Company and all the obligations and liabilities hereunder, subject to such
modifications as may be deemed appropriate (as determined in good faith by
resolution of the Board of Directors of the Company) in order to provide for
adjustments of Warrant Shares for which this Warrant is exercisable which shall
be as nearly equivalent as practicable to the adjustments provided for in this
Section 12.  For purposes of this Section 12, “common stock of the
successor or acquiring corporation” shall include stock of such corporation of
any class which is not preferred as to dividends or assets over any other class
of stock of such corporation and which is not subject to redemption and shall
also include any evidences of indebtedness, shares of stock or other securities
which are convertible into or exchangeable for any such stock, either
immediately or upon the arrival of a specified date or the happening of a
specified event and any warrants or other rights to subscribe for or purchase
any such stock.  The foregoing provisions of this Section 12 shall
similarly apply to successive reorganizations, reclassifications, mergers,
consolidations or disposition of assets.

     

    14.           Voluntary Adjustment by the
Company.  The Company may at any time during the term of this
Warrant reduce the then current Exercise Price to any amount and for any period
of time deemed appropriate by the Board of Directors of the
Company.

     

    15.           Notice of
Adjustment.  Whenever the number of Warrant Shares or number or
kind of securities or other property purchasable upon the exercise of this
Warrant or the Exercise Price is adjusted, as herein provided, the Company shall
give notice thereof to the Holder, which notice shall state the number of
Warrant Shares (and other securities or property) purchasable upon the exercise
of this Warrant and the Exercise Price of such Warrant Shares (and other
securities or property) after such adjustment, setting forth a brief statement
of the facts requiring such adjustment and setting forth the computation by
which such adjustment was made.

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

     

    16.           Notice of Corporate
Action.  If at any time:

     

    (a)           the
Company shall take a record of the holders of its Common Stock for the purpose
of entitling them to receive a dividend or other distribution, or any right to
subscribe for or purchase any evidences of its indebtedness, any shares of stock
of any class or any other securities or property, or to receive any other right,
or

     

    (b)           there
shall be any capital reorganization of the Company, any reclassification or
recapitalization of the capital stock of the Company or any consolidation or
merger of the Company with, or any sale, transfer or other disposition of all or
substantially all the property, assets or business of the Company to, another
corporation or,

     

    (c)           there
shall be a voluntary or involuntary dissolution, liquidation or winding up of
the Company;

     

    then, in
any one or more of such cases, the Company shall give to Holder: (i) at least 20
days’ prior written notice of the date on which a record date shall be selected
for such dividend, distribution or right or for determining rights to vote in
respect of any such reorganization, reclassification, merger, consolidation,
sale, transfer, disposition, liquidation or winding up, and (ii) in the case of
any such reorganization, reclassification, merger, consolidation, sale,
transfer, disposition, dissolution, liquidation or winding up, at least 20 days’
prior written notice of the date when the same shall take place.  Such
notice in accordance with the foregoing clause also shall specify: (A) the date
on which any such record is to be taken for the purpose of such dividend,
distribution or right, the date on which the holders of Common Stock shall be
entitled to any such dividend, distribution or right, and the amount and
character thereof, and (B) the date on which any such reorganization,
reclassification, merger, consolidation, sale, transfer, disposition,
dissolution, liquidation or winding up is to take place and the time, if any
such time is to be fixed, as of which the holders of Common Stock shall be
entitled to exchange their Warrant Shares for securities or other property
deliverable upon such disposition, dissolution, liquidation or winding
up.  Each such written notice shall be sufficiently given if addressed
to Holder at the last address of Holder appearing on the books of the Company
and delivered in accordance with Section 17(d).

     

    17.           Authorized
Shares.  The Company covenants that during the period the
Warrant is outstanding, it will reserve from its authorized and unissued Common
Stock a sufficient number of shares to provide for the issuance of the Warrant
Shares upon the exercise of any purchase rights under this
Warrant.  The Company further covenants that its issuance of this
Warrant shall constitute full authority to its officers who are charged with the
duty of executing stock certificates to execute and issue the necessary
certificates for the Warrant Shares upon the exercise of the purchase rights
under this Warrant.  The Company will take all such reasonable action
as may be necessary to assure that such Warrant Shares may be issued as provided
herein without violation of any applicable law or regulation.

     

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    Except
and to the extent as waived or consented to by the Holder, the Company shall not
by any action, including, without limitation, amending the Company’s Articles of
Incorporation or through any reorganization, transfer of assets, consolidation,
merger, dissolution, issue or sale of securities or any other voluntary action,
avoid or seek to avoid the observance or performance of any of the terms of this
Warrant, but will at all times in good faith assist in the carrying out of all
such terms and in the taking of all such actions as may be necessary or
appropriate to protect the rights of Holder as set forth in this Warrant against
impairment.  Without limiting the generality of the foregoing, the
Company will: (i) not increase the par value of any Warrant Shares above the
amount payable therefor upon such exercise immediately prior to such increase in
par value, (ii) take all such action as may be necessary or appropriate in order
that the Company may validly and legally issue fully paid and nonassessable
Warrant Shares upon the exercise of this Warrant, and (iii) use commercially
reasonable efforts to obtain all such authorizations, exemptions or consents
from any public regulatory body having jurisdiction thereof as may be necessary
to enable the Company to perform its obligations under this
Warrant.

     

    Before
taking any action which would result in an adjustment in the number of Warrant
Shares for which this Warrant is exercisable or in the Exercise Price, the
Company shall obtain all such authorizations or exemptions thereof, or consents
thereto, as may be necessary from any public regulatory body or bodies having
jurisdiction thereof.

     

    18.           Miscellaneous.

     

    (a)           This
Warrant shall be governed by and construed in accordance with the laws of the
State of Washington without regard to principles of conflict of
laws.

     

    (b)           The
Holder acknowledges that the Warrant Shares acquired upon the exercise of this
Warrant, if not registered, will have restrictions upon resale imposed by state
and federal securities laws.

     

    (c)           No
course of dealing or any delay or failure to exercise any right hereunder on the
part of Holder shall operate as a waiver of such right or otherwise prejudice
Holder’s rights, powers or remedies, notwithstanding all rights hereunder
terminate on the Termination Date.  If the Company willfully and
knowingly fails to comply with any provision of this Warrant, which results in
any material damages to the Holder, the Company shall pay to Holder such amounts
as shall be sufficient to cover any costs and expenses including, but not
limited to, reasonable attorneys’ fees, including those of appellate
proceedings, incurred by Holder in collecting any amounts due pursuant hereto or
in otherwise enforcing any of its rights, powers or remedies
hereunder.

     

    (d)           All
notices, requests, consents and other communications hereunder shall be in
writing and shall be deemed to have been made when delivered or mailed by first
class mail, postage prepaid, as follows:  (a) if to the Holder,
at the address of the Holder as shown on the registry books maintained by the
Company or the Transfer Agent; and (b) if to the Company, at 430 North
Carroll Avenue, Suite 120, Southlake TX 76092, Attention: Chief Executive
Officer.

     

    (e)           No
provision hereof, in the absence of any affirmative action by Holder to exercise
this Warrant or purchase Warrant Shares, and no enumeration herein of the rights
or privileges of Holder, shall give rise to any liability of Holder for the
purchase price of any Common Stock or as a shareholder of the Company, whether
such liability is asserted by the Company or by creditors of the
Company.

     

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

     

    (f)           Holder,
in addition to being entitled to exercise all rights granted by law, including
recovery of damages, will be entitled to specific performance of its rights
under this Warrant.  The Company agrees that monetary damages would
not be adequate compensation for any loss incurred by reason of a breach by it
of the provisions of this Warrant and hereby agrees to waive the defense in any
action for specific performance that a remedy at law would be
adequate.

     

    (g)           Subject
to applicable securities laws, this Warrant and the rights and obligations
evidenced hereby shall inure to the benefit of and be binding upon the
successors of the Company and the successors and permitted assigns of
Holder.  The provisions of this Warrant are intended to be for the
benefit of all Holders from time to time of this Warrant and shall be
enforceable by any such Holder or holder of Warrant Shares.

     

    (h)           This
Warrant may be modified or amended or the provisions hereof waived with the
written consent of the Company and the Holder.

     

    (i)           Wherever
possible, each provision of this Warrant shall be interpreted in such manner as
to be effective and valid under applicable law, but if any provision of this
Warrant shall be prohibited by or invalid under applicable law, such provision
shall be ineffective to the extent of such prohibition or invalidity, without
invalidating the remainder of such provisions or the remaining provisions of
this Warrant.

     

    (j)           The
headings used in this Warrant are for the convenience of reference only and
shall not, for any purpose, be deemed a part of this Warrant.

     

    IN WITNESS WHEREOF, the
Company has caused this Warrant to be executed by its officer thereunto duly
authorized.

     

    Dated:  ___________________

     

    
      	 
      	
              GEOS
      COMMUNICATIONS, INC.

            
	 
      	 
      
	 
      	
              By:

            	
                 

            
	 
      	 
      	
              Andrew
      L. Berman

            
	 
      	 
      	
              Chief
      Executive Officer

            

    

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

    EXHIBIT
A

     

    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.

     

    
      
         

      

      
        A-1

        
          

        

      

      
         

      

    

    EXHIBIT
B

     

    NOTICE OF
EXERCISE

     

    To:          Geos
Communications, Inc.

     

    The
undersigned, the Holder of the attached Warrant, hereby irrevocably elects to
exercise the purchase right represented by the Warrant for, and to purchase
thereunder, _______ shares of Common Stock (as such terms are defined in the
Warrant, dated ____________, 20__, issued by Geos Communications, Inc. to
_________________).

     

    
      	
               
      

            	
              o

            	
              (Cash
      Exercise)  The undersigned has included with this Form of
      Subscription the purchase price of such shares in
  full.

            

    

     

    
      	
               
      

            	
              o

            	
              (Cashless
      Exercise)  The undersigned elects to purchase such shares
      pursuant to the net exercise provisions of such
  Warrant.

            

    

     

    The
undersigned hereby requests that the Certificate(s) for such securities be
issued in the name(s) and delivered to the address(es) as follows:

     

    
      	
              Name:

            	 
      	
                 

            
	
              Address:

            	 
      	
                 

            
	
              Social
      Security Number:

            	 
      	
                 

            
	
              Deliver
      to:

            	 
      	
                 

            
	
              Address:

            	 
      	
                 

            

    

     

    If the
foregoing Subscription evidences an exercise of the Warrant to purchase fewer
than all of the Warrant Shares (or other securities or property) to which the
undersigned is entitled under such Warrant, please issue a new Warrant, of like
tenor, for the remaining portion of the Warrant (or other securities or
property) in the name(s), and deliver the same to the address(es) as
follows:

     

    
      
        
          	
                  Name:

                	
                     

                	 
      
	
                  Address:

                	
                     

                	 
      
	
                  Dated:

                	
                  ____________,
      20___.

                	 
      

        

      

    

    

    
      	
                 

            	 
      	 
      
	
              (Name
      of Holder)

            	 
      	 
      
	 
      	 
      	 
      
	
                 

            	 
      	
                  

            
	
              (Signature
      of Holder or Authorized Signatory)

            	 
      	
              (SS
      or TIN of Holder)

            
	 
      	 
      	 
      
	
              Signature
      Guaranteed:

            	 
      	 
      
	 
      	 
      	 
      
	
                  

            	 
      	 
      

    

     

    
      
         

      

      
        B-1SUBSCRIPTION
AGREEMENT

      FOR

      SERIES
F CONVERTIBLE PREFERRED STOCK AND WARRANTS

       

      Geos
Communications

      430 N
Carroll Avenue, Suite 120

      Southlake,
Texas  76092

       

      Ladies
and Gentlemen:

       

      The
undersigned subscriber (“Subscriber”) hereby tenders
this Subscription Agreement (this “Agreement” or (“Subscription Agreement”) in
accordance with and subject to the terms and conditions set forth
herein:

       

      1.           Subscription.

       

      1.1           Subscriber
hereby subscribes for and agrees to purchase from i2 Telecom International,
Inc., a Washington corporation (the “Company”), ______ shares (the
“Shares”) of Series F
Convertible Preferred Stock, no par value per share (the “Series F Preferred Stock”), of
the Company, at a purchase price of $1,000 per Share.  For each Share
purchased by Subscriber, the Company will issue to Subscriber, for no additional
consideration, a warrant to purchase ___________ shares (which shares have been
adjusted to reflect the 1:10 reverse stock split effectuated by the Company) of
common stock, no par value, of the Company (the “Common Stock”), which Warrant
will be in substantially the form of Exhibit A attached
hereto (the “Warrants”).  The
rights and preferences of the Series F Preferred Stock are set forth in the
Amended Certificate of Designations of Rights and Preferences of Preferred Stock
Series F of the Company, a copy of which is attached hereto as Exhibit B (the “Articles of
Incorporation”).

       

      1.2           This
Agreement is part of an offering of up to $8,000,000 of Series F Preferred Stock
and Warrants being conducted by the Company (the “Offering”).  In
addition, the Company may engage one or more placement agents to assist the
Company in selling the Series F Preferred Stock and Warrants in the Offering, in
which event, the Company may compensate any such placement agents in cash (not
to exceed seven percent (7%)) of the dollar amount placed by such placement
agent in the Offering and warrants to purchase up to seven percent (7%) of the
Series F Preferred Stock and Warrants placed by such placement agent in the
Offering.

       

      1.3           Subscriber
understands that it will not earn interest on any funds held by the Company
prior to the date of closing of the Offering.  The initial closing of
the Offering (the “Initial
Closing”) was on April 27, 2009 (the “Initial Closing
Date”).  The Company may hold additional interim closings after
the Initial Closing provided that the terms of the Offering are the same for
each closing.  Any such interim closings are each hereinafter referred
to as an “Additional
Closing” and shall occur on one or more dates each hereinafter referred
to as an “Additional Closing
Date.”  The Initial Closing Date and the Additional Closing
Dates are each hereinafter sometimes referred to as a “Closing Date.”  The
last Closing is sometimes referred to herein as the “Final Closing.”  The
Company held Additional Closings on June 5, 2009 and August 27,
2009.  Upon receipt by the Company of the requisite payment for all
shares of Series F Preferred Stock to be purchased by the subscribers whose
subscriptions are accepted at the Initial Closing or any Additional Closing, as
applicable, and subject to the satisfaction of certain conditions, the Series F
Preferred Stock and Warrants so purchased will be issued in the name of each
such subscriber, and the name of such subscriber will be registered on the stock
transfer books of the Company as the record owner of such shares of Series F
Preferred Stock and Warrants.  The Company will promptly thereafter
issue to each subscriber participating in such closing a stock certificate for
the shares of Series F Preferred Stock so purchased as well as a Warrant for the
corresponding number of Warrants allocable to such holder.

       

      1.4           Subscriber
hereby agrees to be bound hereby upon (i) execution and delivery to the Company
of the signature page to this Agreement and (ii) written acceptance on the
Initial Closing Date or an Additional Closing Date, as the case may be, by the
Company of Subscriber’s subscription, which shall be confirmed by faxing to the
Subscriber the signature page to this Agreement that has been executed by the
Company (the “Subscription”).

      
        
           

        

        
          1

          
            

          

        

        
           

        

      

       

      2.           Offering
Material.

       

      2.1          Subscriber
represents and warrants that it is in receipt of and that it has carefully read
the following items:

       

      (a)           The
Company’s Form 10-K for the period ended December 31, 2008 (the “Form 10-K”); and

       

      (b)           All
other documents filed by the Company with the Securities and Exchange Commission
(the “Commission”)
subsequent to the Company’s Form 10-K and prior to the date of this
Agreement.

       

      The
documents listed in this Section 2.1 shall be referred to herein as the “Disclosure Documents.”

       

      3.           Conditions to Subscriber’s
Obligations.

       

      3.1           The
obligation of Subscriber to purchase the Shares and Warrants contemplated by
this Agreement (the “Transaction”) is subject to
the satisfaction on or prior to the Closing Date of such purchase of the
following conditions set forth in Sections 3.2 through 3.6 hereof.

       

      3.2           The
Company shall have executed this Agreement.

       

      3.3           The
Board of Directors of the Company shall have adopted resolutions approving the
Transaction.

       

      3.4           Subscriber
shall have received copies of all documents and information which it may have
reasonably requested in connection with the Offering.

       

      3.5           No
stop order or suspension of trading shall have been imposed by the American
Stock  Exchange, the Securities and Exchange Commission (the “SEC”), or any other
governmental regulatory body with respect to public trading in Preferred Shares
of the Company.

       

      3.6           The
representations and warranties of the Company shall be true and correct on and
as of the Closing Date as though made on and as of such date; and Subscriber
shall have received on the Closing Date a certificate to this effect executed by
the Chief Executive Officer of the Company.

       

      4.           Representations and
Warranties; Covenants; Survival.

       

      4.1          The
Company represents and warrants to Subscriber that, at the date of this
Agreement and at the Closing of the purchase of the Shares and Warrant by
Subscriber (the “Subscriber
Closing”):

       

      (a)           The Company has the full power and authority to execute and deliver this Agreement and to perform its
obligations hereunder.  This Agreement constitutes the valid and
legally binding obligation of the Company, enforceable in accordance with its
terms.  The Company need not give any notice to, make any filings
with, or obtain any authorization, consent, or approval of any government or
governmental agency in order to consummate the transactions contemplated by this
Agreement.

       

      (b)           The
Company and each of its subsidiaries are corporations duly organized, validly
existing and in good standing under the laws of their states of incorporation,
with all requisite corporate power and authority to carry on the business in
which they are engaged and to own the properties they own, and the Company has
all requisite power and authority to execute and deliver this Agreement and to
consummate the transactions contemplated hereby.  The Company and each
of its subsidiaries are duly qualified and licensed to do business and are in
good standing in all jurisdictions where the nature of their business makes such
qualification necessary, except where the failure to be qualified or licensed
would not have a material adverse effect on the business of the Company and its
subsidiaries, taken as a whole.

      
        
           

        

        
          2

          
            

          

        

        
           

        

      

      (c)           Except
as set forth in the Company’s filings with the SEC, there are no legal actions
or administrative proceedings or investigations instituted, or to the best
knowledge of the Company threatened, against the Company, that could reasonably
be expected to have a material adverse effect on the Company or any subsidiary,
any of the Preferred Shares, or the business of the Company and its
subsidiaries, or which concerns the transactions contemplated by this
Agreement.

       

      (d)           The
Company’s audited consolidated financial statements as of December 31, 2007 and
2008, contained in the Form 10-K, including the notes contained therein, fairly
present the consolidated financial position of the Company at the respective
dates thereof and the results of its consolidated operations for the periods
purported to be covered thereby.  Such financial statements have been
prepared in conformity with generally accepted accounting principles
consistently applied with prior periods subject to any comments and notes
contained therein.  Since December 31, 2008, there has been no
material adverse change in the financial condition of the Company from the
financial condition stated in such financial statements.  The
capitalization of the Company, including the authorized capital stock, the
number of shares issued and outstanding, the number of shares issuable and
reserved for issuance pursuant to the Company’s stock option plans, the number
of shares issuable and reserved for issuance pursuant to securities exercisable
for, or convertible into or exchangeable for any shares of capital stock as of
November 16, 2009, is as described in Schedule 4.1(d)
attached to this Agreement.

       

      (e)           The
Company owns the patents and patents pending and trademarks and
trademarks  pending listed in Schedule 4.1(e)
attached hereto (collectively, the “Intellectual
Property”).  To the Company’s knowledge, the Company has the
sole and exclusive right to use the Intellectual Property without infringing or
violating the rights of any third parties.  No claim has been asserted
by any person to the ownership of or right to use any of the Intellectual
Property or challenging or questioning the validity or effectiveness of any of
the Intellectual Property.   None of the Intellectual Property
has been cancelled, abandoned or otherwise terminated and has been duly issued
or filed, as applicable.  The Company has no knowledge of any claim
that, or inquiry as to whether, any product, activity or operation of the
Company infringes upon or involves, or has resulted in the infringement of, any
proprietary right of any other person, corporation or other entity; and no
proceedings have been instituted, are pending or are threatened that challenge
the rights of the Company with respect thereto.

       

      (f)           The
Company, by appropriate and required corporate action, has, or will have prior
to the Subscriber Closing, duly authorized the execution of this Agreement and
the issuance and delivery of the Shares and Warrants to
Subscriber.  The Shares are not subject to preemptive or other rights
of any stockholders of the Company and when issued in accordance with the terms
of this Agreement and the Articles of Incorporation, the Shares will be validly
issued, fully paid and nonassessable and free and clear of all pledges, liens
and encumbrances.  Neither the issuance of the Shares or Warrants
issued hereunder, nor the shares of Common Stock, underlying the Shares and the
Warrants (the “Underlying
Shares”), will trigger any outstanding antidilution rights.

       

      (g)           Performance
of this Agreement and compliance with the provisions hereof will not violate any
provision of any applicable law or of the Articles of Incorporation or Bylaws of
the Company, or of any of its subsidiaries, and, will not conflict with or
result in any breach of any of the terms, conditions or provisions of, or
constitute a default under, or result in the creation or imposition of any lien,
charge or encumbrance upon, any of the properties or assets of the Company, or
of any of its subsidiaries, pursuant to the terms of any indenture, mortgage,
deed of trust or other agreement or instrument binding upon the Company, or any
of its subsidiaries, other than such breaches, defaults or liens which would not
have a material adverse effect on the Company and its subsidiaries taken as a
whole.  The Company is not in default under any provision of its
Articles of Incorporation or Bylaws or other organizational documents or under
any provision of any agreement or other instrument to which it is a party or by
which it is bound or of any law, governmental order, rule or regulation so as to
affect adversely in any material manner its business or assets or its condition,
financial or otherwise.

       

      (h)           The
Disclosure Documents, taken together, do not contain any untrue statement of a
material fact or omit to state a material fact required to be stated therein to
make the statements contained therein not misleading.

       

      (i)           The
Company has provided Subscriber with all material public information in
connection with the business of the Company and the transactions contemplated by
this Agreement, and no representation or warranty made, nor any document,
statement, or financial statement prepared or furnished by the Company in
connection herewith contains any untrue statement of material fact, or omits to
state a material fact necessary to make the statements or facts contained herein
or therein not misleading.

      
        
           

        

        
          3

          
            

          

        

        
           

        

      

       

      (j)           This
Agreement, including the Exhibits attached hereto, has been duly executed and
delivered by the Company and constitutes a valid and binding obligation of the
Company, enforceable against the Company in accordance with its
terms.

       

      (k)           No
registration, authorization, approval, qualification or consent of any court or
governmental authority or agency is necessary in connection with the execution
and delivery of this Agreement or the offering, issuance or sale of the Shares
and Warrants under this Agreement.

       

      (l)           The
Company has timely filed with the SEC all documents required to be filed by the
Company under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) (collectively,
the “SEC
Filings”).  On their respective dates of filing, the SEC
Filings complied in all material respects with the requirements of the Exchange
Act and the rules and regulations of the SEC.

       

      (m)           The
Company is not now, and after the sale of the Shares and Warrants under this
Agreement and under all other agreements and the application of the net proceeds
from the sale of the Preferred Shares will not be, an “investment company”
within the meaning of the Investment Company Act of 1940, as
amended.

       

      (n)           The Company has filed all material tax returns required
to be filed, which returns are true and correct in all material respects, and
the Company is not in default in the payment of any taxes, including penalties
and interest, assessments, fees and other charges, shown thereon due or
otherwise assessed, other than those being contested in good faith and for which
adequate reserves have been provided or those currently payable without interest
which were payable pursuant to said returns or any assessments with respect
thereto.

       

      (o)           The Company has not taken any action outside the
ordinary course of business designed to or that might reasonably be expected to
cause or result in stabilization or manipulation of the price of the Common
Stock to facilitate the sale or resale of the Underlying Stock in any
manner in contravention of applicable securities laws.

       

      (p)           Subject
to the accuracy of the Subscriber’s representations and warranties in Section 9
below, the offer, sale, and issuance of the Shares and Warrants in conformity
with the terms of this Agreement constitute transactions exempt from the
registration requirements of Section 5 of the Securities Act of 1933, as amended
(the “Securities Act”)
and from the registration or qualification requirements of the laws of any
applicable state or United States jurisdiction.

       

      (q)           Neither
the Company, nor any of its affiliates, nor any person acting on its or their
behalf, has directly or indirectly made any offers or sales in any security or
solicited any offers to buy any security under circumstances that would require
registration under the Securities Act of the issuance of the Shares and Warrants
to the Subscriber.  The issuance of the Series F Preferred Stock and
Warrants under the offering will not be integrated with any other issuance of
the Company’s securities (past, current or future) for purposes of the
Securities Act or any applicable rules of the American Stock
Exchange.  The Company will not make any offers or sales of any
security (other than the Series F Preferred Stock and Warrants in the Offering)
that would cause the offering of the Shares and Warrants to be integrated with
any other offering of securities by the Company for purposes of any registration
requirement under the Securities Act.

       

      (r)           The
Company is in material compliance with all applicable securities (or “Blue Sky”) laws of the states
of the United States in connection with the issuance and sale of the Shares and
Warrants to Subscriber and the issuance of the other shares of Series F
Preferred Stock and Warrants to other subscribers in the Offering.

       

      
        
           

        

        
          4

          
            

          

        

        
           

        

      

       

      5.           Transfer
Rights.

      5.1          Subscriber
acknowledges that it is acquiring the Shares and Warrants for its own account
and for the purpose of investment and not with a view to any distribution or
resale thereof within the meaning of the Securities Act and any applicable state
or other securities laws (“State
Acts”).  Subscriber further agrees that it will not sell,
assign, transfer or otherwise dispose of any of the Shares, Warrants or
Underlying Shares (collectively, the “Securities”) in violation of
the Securities Act or State Acts and acknowledges that, in taking unregistered
securities, it must continue to bear economic risk in regard to its investment
for an indefinite period of time because of the fact that none of the Securities
have been registered under the Securities Act or State Acts and further realizes
that the Securities cannot be sold unless subsequently registered under the
Securities Act and State Acts or an exemption from such registration is
available. Subscriber further recognizes that the Company is not assuming any
obligation to register the Securities. Subscriber also acknowledges that
appropriate legends reflecting the status of the Securities under the Securities
Act and State Acts may be placed on the face of the certificates for the
Securities at the time of their transfer and delivery to the holder
thereof.  This Agreement is made with Subscriber in reliance upon
Subscriber’s above representations.

       

      5.2          The
Securities may not be transferred except in a transaction which is in compliance
with the Securities Act and State Acts. It shall be a condition to any transfer
of the Securities that the Company shall be furnished with an opinion of
counsel, which counsel and opinion shall be reasonably satisfactory to the
Company, to the effect that the proposed transfer would be in compliance with
the Securities Act and State Acts.  Notwithstanding the foregoing,
furnishing such opinion of counsel shall not be a condition to any transfer of
the Securities to an affiliate of Subscriber, including for this purpose if
Subscriber is an investment company, any fund or account advised by Subscriber’s
investment adviser or any affiliate thereof.

       

      6.           Registration
Rights.

       

      6.1          See
Exhibit C
attached hereto.

       

      7.           Pre-emptive
Rights.

       

      7.1          The
Company will not issue or sell any New Securities (as defined below) in a
Financing Transaction (as defined below) without first offering to Subscriber,
by delivery of written notice, the right to buy Subscriber’s Pro Rata Part (as
defined below) of such New Securities at the price and upon the conditions at
which the Company proposes to issue and sell such New
Securities.  Subscriber shall have the right, for a period of five (5)
days after receipt of such written notice, to notify the Company in writing of
Subscriber’s intention to so purchase such offered New Securities and the
Company shall then sell to such Subscriber the amount of such Offered Securities
specified by Subscriber (which amount shall not be greater than Subscriber’s
Pro Rata Part (as such is determined in the preceding
sentence)).

       

      7.2          After
giving the notice and opportunity for the Stockholders to participate as
required under subsection (a) above, the Company shall have one hundred eighty
(180) days thereafter to issue and sell the New Securities not elected nor
eligible to be purchased by Subscriber at the price and upon the terms no more
favorable to the purchasers of such New Securities than specified in the
Company’s notice under subsection (a) above.  In the event the Company
has not sold such New Securities within said one hundred eighty (180) day
period, the Company shall not hereafter issue or sell any New Securities without
first offering such securities in the manner provided above.

       

      7.3          The
following terms shall have the following meanings:

       

      (a)           “Financing Transaction” shall
mean the raising of equity or debt in a private transaction for the sole purpose
of financing the Company, but excluding: (i) any debt financing by a bank or
financial institution; and (ii) securities offered by the Company to the public
in a transaction or transactions required to be registered under the Securities
Act

       

      (b)           “New Securities” shall mean any
shares of capital stock of the Company (“Capital Stock”) whether now or
hereafter authorized, and all rights, options or warrants to purchase shares of
Capital Stock, and securities or indebtedness of any type whatsoever that are,
or may become, convertible into or exchangeable for Capital Stock and any units
consisting of securities or indebtedness and Capital Stock or rights, options or
warrants therefore.

       

      (c)           “Pro Rata Part” shall mean, in
any particular instance, the proportion which the number of shares of Common
Stock owned by Subscriber (assuming for this purpose that all securities
exercisable, exchangeable or convertible for shares of Common Stock (“Common Stock Equivalents”)
owned by such Stockholder have been fully exercised, exchanged, or converted)
bears to the aggregate number of shares of Common Stock owned by all security
holders of the Company (assuming for this purpose that all Common Stock
Equivalents have been fully exercised, exchanged or converted).

      
        
           

        

        
          5

          
            

          

        

        
           

        

      

       

      8.           Closing.

       

      8.1           The
closing of the sale of the Shares and Warrants to Subscriber shall take place at
the offices of the Company at such time as the Company shall specify, but no
later than ten days after the date that this Agreement is tendered to the
Company by Subscriber.  Subscriber may terminate this Agreement by
giving written notice to the Company if such closing has not occurred within
such timeframe.

       

      9.           Subscriber
Representations. Subscriber hereby represents, warrants and acknowledges
and agrees with the Company and Placement Agent as follows:

       

      9.1           Subscriber
has been furnished with and has carefully read the Disclosure Documents and is
familiar with the terms of the Offering.  With respect to individual
or partnership tax and other economic considerations involved in this
investment, Subscriber is not relying on the Company or any agent or
representative of the Company.  Subscriber has carefully considered
and has, to the extent Subscriber believes such discussion necessary, discussed
with Subscriber’s legal, tax, accounting and financial advisers the suitability
of an investment in the Shares and Warrants for Subscriber’s particular tax and
financial situation.

       

      9.2           Subscriber
has had an opportunity to inspect relevant documents relating to the
organization and operations of the Company.  Subscriber acknowledges
that all documents, records and books pertaining to this investment which
Subscriber has requested have been made available for inspection by Subscriber
and Subscriber’s attorney, accountant or other adviser(s).

       

      9.3           Subscriber
and/or Subscriber’s advisor(s) has/have had a reasonable opportunity to ask
questions of and receive answers and to request additional relevant information
from a person or persons acting on behalf of the Company concerning the
Offering.

       

      9.4           Subscriber
is not subscribing for the Shares and Warrants as a result of or subsequent to
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.

       

      9.5           Subscriber
is an “accredited investor,” within the meaning of Rule 501(a) of
Regulation D under the Securities Act (“Regulation
D”).  Subscriber, by reason of Subscriber’s business or
financial experience or the business or financial experience of Subscriber’s
professional advisers who are unaffiliated with and who are not compensated by
the Company or any affiliate thereof, directly or indirectly, can be reasonably
assumed to have the capacity to protect Subscriber’s own interests in connection
with the transaction.  Subscriber further acknowledges that he has
read the written materials provided by the Company.

       

      9.6           Subscriber
has adequate means of providing for Subscriber’s current financial needs and
contingencies, is able to bear the substantial economic risks of an investment
in the Shares and Warrants for an indefinite period of time, has no need for
liquidity in such investment and, at the present time, could afford a complete
loss of such investment.

       

      9.7           Subscriber
has such knowledge and experience in financial, tax and business matters so as
to enable Subscriber to use the information made available to Subscriber in
connection with the Offering to evaluate the merits and risks of an investment
in the Shares and Warrants and to make an informed investment decision with
respect thereto.

       

      9.8           Subscriber
acknowledges that the Securities have not been registered under the Securities
Act or under any State Act.  Subscriber understands further that in
absence of an effective registration statement, the Securities can only be sold
pursuant to some exemption from registration.

       

      9.9           Subscriber
recognizes that investment in the Shares and Warrants involves substantial
risks.  Subscriber acknowledges that he has reviewed the risk factors
identified within the Disclosure Documents.  Subscriber further
recognizes that no Federal or state agencies have passed upon this offering of
the Preferred Shares or made any finding or determination as to the fairness of
this investment.

      
        
           

        

        
          6

          
            

          

        

        
           

        

      

       

      9.10          Subscriber
acknowledges that each certificate representing the Securities shall contain a
legend substantially in the following form:

       

      THESE
SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE
“SECURITIES ACT”) OR UNDER APPLICABLE STATE SECURITIES LAWS AND MAY NOT BE SOLD,
TRANSFERRED OR OTHERWISE DISPOSED OF UNLESS REGISTERED UNDER THE SECURITIES ACT
AND ANY APPLICABLE STATE SECURITIES LAWS OR PURSUANT TO AVAILABLE EXEMPTIONS
FROM SUCH REGISTRATION, PROVIDED THAT THE SELLER DELIVERS TO THE COMPANY AN
OPINION OF COUNSEL (WHICH OPINION AND COUNSEL ARE REASONABLY SATISFACTORY TO THE
COMPANY) CONFIRMING THE AVAILABILITY OF SUCH EXEMPTION.  INVESTORS
SHOULD BE AWARE THAT THEY MAY BE REQUIRED TO BEAR THE FINANCIAL RISKS OF THIS
INVESTMENT FOR AN INDEFINITE PERIOD OF TIME.

       

      9.11       
   If this Agreement is executed and delivered on behalf of a
partnership, corporation, trust or estate: (i) such partnership, corporation,
trust or estate has the full legal right and power and all authority and
approval required (a) to execute and deliver, or authorize execution and
delivery of, this Agreement and all other instruments executed and delivered by
or on behalf of such partnership, corporation, trust or estate in connection
with the purchase of the Shares and Warrants, (b) to delegate authority pursuant
to a power of attorney and (c) to purchase and hold such Shares and Warrants;
(ii) the signature of the party signing on behalf of such partnership,
corporation, trust or estate is binding upon such partnership, corporation,
trust or estate; and (iii) such partnership, corporation or trust has not been
formed for the specific purpose of acquiring the Shares and Warrants, unless
each beneficial owner of such entity is qualified as an “accredited investor”
within the meaning of Regulation D and has submitted information substantiating
such individual qualification.

       

      9.12     
     If Subscriber is a retirement plan or is investing
on behalf of a retirement plan, Subscriber acknowledges that investment in the
Shares and Warrants poses risks in addition to those associated with other
investments, including the inability to use losses generated by an investment in
the Shares and Warrants to offset taxable income.

       

      10.         Understandings.

       

      Subscriber
understands, acknowledges and agrees with the Company as follows:

       

      10.1    
      The
parties hereby acknowledge and agree that, except
as otherwise noted herein, upon acceptance from the Company, and in the case of
Subscriber, upon notice of acceptance from the Company pursuant to
Section 1.4, the Subscription hereunder is
irrevocable by the parties, that, except as
required by law the parties are not
entitled to cancel, terminate or revoke this Agreement or any agreements of
the parties hereunder and that this
Subscription Agreement and such other agreements shall survive the death or
disability of the parties and shall be
binding upon and inure to the benefit of the parties hereto and their respective
heirs, executors, administrators, successors, legal representatives and
permitted assigns.  If Subscriber is more than one person, the
obligations of Subscriber hereunder shall be joint and several and the
agreements, representations, warranties and acknowledgments herein contained
shall be deemed to be made by and be binding upon each such person and his or
her heirs, executors, administrators, successors, legal representatives and
permitted assigns.

       

      10.2   
       No federal or state agency has made
any findings or determination as to the fairness of the terms of this Offering
for investment nor any recommendations or endorsement of the Shares and
Warrants.

       

      10.3       
   The Offering is intended to be exempt from registration under
the Securities Act by virtue of Section 4(2) of the Securities Act and the
provisions of Rule 506 of Regulation D thereunder, which is in part dependent
upon the truth, completeness and accuracy of the statements made by Subscriber
herein.

      
        
           

        

        
          7

          
            

          

        

        
           

        

      

       

      10.4           It
is understood that in order not to jeopardize the Offering’s exempt status under
Section 4(2) of the Securities Act and Regulation D, any transferee may, at a
minimum, be required to fulfill the investor suitability requirements
thereunder.

       

      10.5           No
person or entity acting on behalf, or under the authority, of Subscriber is or
will be entitled to any broker’s, finder’s or similar fee or commission in
connection with this Subscription.

       

      10.6           Subscriber
acknowledges that the information furnished in this Agreement by the Company or
its advisers in connection with the Offering, is confidential and nonpublic and
agrees that all such written information which is material and not yet publicly
disseminated by the Company shall be kept in confidence by Subscriber and
neither used by Subscriber for Subscriber’s personal benefit (other than in
connection with this Subscription), nor disclosed to any third party, except
Subscriber’s legal and other advisers who shall be advised of the confidential
nature of such information, for any reason; provided, however, that this
obligation shall not apply to any such information that (i) is part of the
public knowledge or literature and readily accessible at the date hereof, (ii)
becomes a part of the public knowledge or literature and readily accessible by
publication (except as a result of a breach of this provision) or (iii) is
received from third parties (except third parties who disclose such information
in violation of any confidentiality agreements or obligations, including,
without limitation, any subscription agreement entered into with the
Company).  The representations, warranties and agreements of
Subscriber and the Company contained herein and in any other writing delivered
in connection with the Offering shall be true and correct in all material
respects on and as of the Closing Date of such Subscription as if made on and as
of the date the Company executes this Agreement and shall survive the execution
and delivery of this Agreement and the purchase of the Shares and
Warrants.

       

      10.7           IN
MAKING AN INVESTMENT DECISION, SUBSCRIBER MUST RELY ON ITS OWN EXAMINATION OF
THE COMPANY AND THE TERMS OF THE OFFERING, INCLUDING THE MERITS AND RISKS
INVOLVED.  THE SHARES AND WARRANTS HAVE NOT BEEN RECOMMENDED BY ANY
FEDERAL OR STATE SECURITIES COMMISSION OR REGULATORY AUTHORITY. ANY
REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

       

      10.8           Subscriber
agrees that, as long as Subscriber owns any of the Shares of Warrants,
Subscriber will not hold a net-short position in the Common Stock.

       

      11.          Miscellaneous.

       

      11.1           Except
as set forth elsewhere herein, any notice or demand to be given or served in
connection herewith shall be deemed to be sufficiently given or served for all
purposes by being sent as registered or certified mail, return receipt
requested, postage prepaid, in the case of the Company, addressed to it at the
address set forth below:

       

      
        
          	
                  Geos
      Communications, Inc.

                  430
      N. Carroll Avenue, Suite 120

                  Southlake,
      Texas  76092

                  Facsimile:
      (817) 240-0200

                  Attention:
      Chief Executive Officer

                

        

      

       

      ; and in
the case of Subscriber to the address for correspondence set forth on the
Signature Page to this Agreement.

       

      11.2           This
Agreement shall be enforced, governed and construed in all respects in
accordance with the laws of the State of Washington, and shall be binding upon
and inure to the benefit of the parties hereto and their respective successors
and assigns.  If any provision of this Agreement is invalid or
unenforceable under any applicable statute or rule of law, then such provision
shall be deemed inoperative to the extent that it may conflict therewith and
shall be deemed to be modified to conform with such statute or rule of
law.  Any provision hereof that may prove invalid or unenforceable
under any law shall not affect the validity or enforceability of any other
provision hereof.

      
        
           

        

        
          8

          
            

          

        

        
           

        

      

      11.3           In
any action, proceeding or counterclaim brought to enforce any of the provisions
of this Agreement or to recover damages, costs and expenses in connection with
any breach of the Agreement, the prevailing party shall be entitled to be
reimbursed by the opposing party for all of the prevailing party’s reasonable
outside attorneys’ fees, costs and other out-of-pocket expenses incurred in
connection with such action, proceeding or counterclaim.

       

      11.4           This
Agreement (including the Exhibits and Schedules attached hereto) constitutes the
entire agreement among the parties hereto with respect to the subject matter
hereof.  There are no restrictions, promises, warranties or
undertakings, other than those set forth herein. The Company acknowledges that
all material facts upon which it has relied in forming its decision to enter
into this Agreement are expressly set forth herein and further acknowledges that
the Subscriber has not made any representations, express or implied, which are
not set expressly set forth herein.  This Agreement supercedes all
prior agreements and understandings among the parties hereto with respect to the
subject matter hereof.

       

      11.5           The
Company shall indemnify, defend and hold harmless Subscriber and each of its
agents, partners, members, officers, directors, representatives, or affiliates
(collectively, the “Subscriber
Indemnities”) against any and all losses, liabilities, claims and
expenses, including reasonable attorneys’ fees (“Losses”), sustained by
Subscriber Indemnities resulting from, arising out of, or connected with any
material inaccuracy in, breach of, or nonfulfillment of any representation,
warranty, covenant or agreement made by or other obligation of the Company
contained in this Agreement (including the Exhibits and Schedules attached
hereto) or in any document delivered in connection herewith.

       

      11.6           The
Company shall not issue any public statement or press release, or otherwise
disclose in any manner the identity of the Subscriber or that Subscriber has
purchased the Preferred Shares, without the prior written consent of the
Subscriber, except as may be required by applicable law.

       

      12.          Signature.  The
signature page of this Agreement is contained as part of the applicable
Subscription Package, entitled “Signature Page.”

      
        
           

        

        
          9

          
            

          

        

        
           

        

      

      SUBSCRIPTION AGREEMENT
GENERAL INSTRUCTIONS

       

      General
Instructions

       

      These
Subscription Documents contain all documents necessary to subscribe for the
Shares and Warrants in the Offering.

       

      You may
subscribe for Shares and Warrants in the Offering by completing the Subscription
Agreement in the following manner:

       

      1.           On
line (a) of the signature page state the number of Shares you wish to
purchase.

       

      2.           On
line (b) of the signature page state the total cost of the Shares you wish to
purchase.  To obtain the cost, multiply the number of Shares you
desire to purchase by $1,000.

       

      3.           Sign
and state your address, telephone number and social security or other taxpayer
identification number on the lines provided on the signature page to the
Subscription Agreement and deliver the completed Subscription Agreement with
payment of the entire purchase price of the Shares subscribed for as set forth
below.  Payment should be made in United States Dollars by wire
transfer to:

       

      
        
          	
                  Wells
      Fargo Bank, NA

                  ABA
      # 121000248

                  Acct
      # 4121974232

                  Acct
      Name: Geos Communications,
Inc.

                

        

      

       

      The
completed and signed Subscription Agreement should be sent to:

       

      
        
          	
                  Geos
      Communications, Inc.

                  430
      N. Carroll Avenue, Suite 120

                  Southlake,
      Texas  76092

                  Facsimile:
      (817) 240-0200

                  Attention:
      Chief Executive Officer

                

        

      

       

      Acceptance
of Delivery

       

      All
questions as to the validity, form, eligibility (including time of receipt) and
acceptance of the completed Subscription Agreement will be reasonably determined
by the Company.  The Company reserves the absolute right to reject any
completed Subscription Agreement, in its sole and absolute
discretion.  The Company also reserves the right to waive any
irregularities in, or conditions of, the submission of completed Subscription
Agreements.  The Company shall be under no duty to give any
notification of irregularities in connection with any attempted subscription for
shares of Series F Preferred Stock or Warrants or incur any liability for
failure to give such notification.  Until such irregularities have
been cured or waived, no subscription for shares of Series F Preferred Stock or
Warrants shall be deemed to have been made.  Any Subscription
Agreement that is not properly completed and as to which defects have not been
cured or waived will be returned by the Company to the subscriber as soon as
practicable.

      
        
           

        

        
          10

          
            

          

        

        
           

        

      

      SUBSCRIPTION
AGREEMENT SIGNATURE PAGE

       

      The
undersigned investor hereby certifies that he or she (i) has received and relied
solely upon information provided by the Company, (ii) agrees to all the terms
and conditions of this Subscription Agreement, (iii) meets the suitability
standards set forth in this Subscription Agreement and (iv) is a resident of the
state or foreign jurisdiction indicated below.

       

      
        The
undersigned subscribes for___________ shares of Series F Preferred
Stock.

      

      
        The total
cost of the shares of Series F Preferred Stock subscribed for, at $1,000 per
Share, is $______________.

      

       

      
        
          
            
              
                	
                          

                      	  	
                        If other than Individual check one and indicate capacity of

                      
	
                        Name of Subscriber (Print)

                      	  	
                        signatory under the signature:

                      
	  	  	  
	  	  	
                         ̈  Trust

                      
	
                          

                      	  	
                         ̈  Estate

                      
	
                        Name of Joint Subscriber (if any) (Print)

                      	  	
                         ̈  Uniform
      Gifts to Minors Act of State of _________

                      
	  	  	
                         ̈  Attorney-in-fact

                      
	  	  	
                         ̈  Corporation

                      
	
                          

                      	  	
                         ̈  Other
      ___________________________

                      
	
                        Signature of Subscriber

                      	  	  
	  	  	  
	
                          

                      	  	
                        If Joint Ownership, check one:

                      
	
                        Signature of Joint Subscriber (if any)

                      	  	  
	  	  	
                         ̈  Joint Tenants with Right of Survivorship

                      
	
                          

                      	  	
                         ̈  Tenants in Preferred

                      
	
                        Capacity of Signatory (if applicable)

                      	  	
                         ̈  Tenants by Entirety

                      
	  	  	
                         ̈  Community Property

                      
	  	  	  
	
                          

                      	  	
                        Backup Withholding Statement:

                      
	
                        Social Security or Taxpayer Identification Number

                      	  	
                        Please check this box only if the investor is subject to:

                      
	  	  	  
	  	  	
                         ̈  backup withholding.

                      
	  	  	  
	
                              
                          Residence Address  

                        

                      	  	
                        Foreign Person:

                      
	
                         

                      	  	
                        Please check this box only if the investor is a:

                      
	  	  	  
	
                        __________    _______     
       __________

                      	  	
                         ̈  nonresident alien, foreign corporation, foreign partnership,

                      
	
                        City            
               State           
      Zip Code

                      	 
      	
                        foreign
      trust or foreign estate.

                      
	  	  	  
	
                        Telephone   _________________________

                      	  	  
	
                        Telecopy No.  ________________________

                      	  	  

              

            

          

        

      

       

      The
investor agrees to the terms of this Subscription Agreement and, as required by
the Regulations pursuant to the Internal Revenue Code, certifies under penalty
of perjury that (1) the Social Security Number or Taxpayer Identification Number
and address provided above is correct, (2) the investor is not subject to backup
withholding (unless the Backup Withholding Statement box is checked) either
because he has not been notified that he is subject to backup withholding as a
result of a failure to report all interest or dividends or because the Internal
Revenue Service has notified him that he is no longer subject to backup
withholding and (3) the investor (unless the Foreign Person box above is
checked) is not a nonresident alien, foreign partnership, foreign trust or
foreign estate.

       

      THE
SUBSCRIPTION FOR ________ SHARES OF SERIES F PREFERRED STOCK OF GEOS
COMMUNICATIONS, INC. BY THE ABOVE NAMED SUBSCRIBER(S) IS ACCEPTED AS OF
_________________, 20__.

       

      
        
          
            	
                    GEOS
      COMMUNICATIONS, INC.

                  
	 
	
                    By:

                  	
                      

                  
	 
      	
                    Andrew
      L. Berman, Chief Executive
Officer

                  

          

        

      

      
        
           

        

        
          11

          
            

          

        

        
           

        

      

      EXHIBIT
A

       

      Form of
Warrant

       

      [See
attached document]

      
        
           

        

        
          A-1

          
            

          

        

        
           

        

      

      EXHIBIT
B

       

      Amended
Certificate of Designations of Rights and

      Preferences of Preferred
Stock Series F of the Company

       

      [See
attached document]

      
        
           

        

        
          B-1

          
            

          

        

        
           

        

      

      EXHIBIT
C

       

      Registration
Rights

       

      1.           Definitions.

       

      1.1           As
used in this Exhibit
C, the following terms shall have the meanings:

       

      (a)           “Investor” means Subscriber and
any permitted transferee or assignee of Registrable Securities who agrees to
become bound by all of the terms and provisions of this Exhibit C and this
Subscription Agreement.

       

      (b)           “Person” means any individual,
partnership, corporation, limited liability company, joint stock company,
association, trust, unincorporated organization, or a government agency or
political subdivision thereof.

       

      (c)           “Prospectus” means the
prospectus (including any preliminary prospectus and/or any final prospectus
filed pursuant to Rule 424(b) under the Securities Act and any prospectus that
discloses information previously omitted from a prospectus filed as part of an
effective registration statement in reliance on Rule 430A under the Securities
Act) included in the Registration Statement, as amended or supplemented by any
prospectus supplement with respect to the terms of the offering of any portion
of the Registrable Securities covered by the Registration Statement and by all
other amendments and supplements to such prospectus, including all material
incorporated by reference in such prospectus and all documents filed after the
date of such prospectus by the Company under the Exchange Act and incorporated
by reference therein.

       

      (d)           “Public Offering” means an
offer registered with the Commission and the appropriate state securities
commissions by the Company of its Common Stock and made pursuant to the
Securities Act.

       

      (e)           “Registrable Securities” means
the Underlying Shares; provided, however, that an Underlying Share shall cease
to be a Registrable Security for purposes of this Exhibit C when it no
longer is a Restricted Security.

       

      (f)           “Registration Statement” means
a registration statement of the Company filed on Form S-3 under the Securities
Act providing for the registration of, and the sale on a continuous or delayed
basis by the holders of, all of the Registrable Securities pursuant to Rule 415
under the Securities Act, including the Prospectus contained therein and forming
a part thereof, any amendments to such registration statement and supplements to
such Prospectus, and all exhibits and other material incorporated by reference
in such registration statement and Prospectus.  In the event that Form
S-3 is unavailable for such a registration, the Company shall use such other
form as is available for such a registration.

       

      (g)           “Restricted Security” means any
Underlying Share except any that (i) have been registered pursuant to an
effective registration statement under the Securities Act and sold in a manner
contemplated by the prospectus included in such registration statement, (ii)
have been transferred in compliance with the resale provisions of Rule 144 under
the Securities Act (or any successor provision thereto) or is transferable
pursuant to paragraph (k) of Rule 144 under the Securities Act (or any successor
provision thereto), or (iii) otherwise has been transferred and are not subject
to transfer restrictions under the Securities Act.

       

      1.2           All
capitalized terms used and not defined herein have the respective meaning
assigned to them in the Subscription Agreement.

      
        
           

        

        
          C-1

          
            

          

        

        
           

        

      

       

      2.           Registration.

       

      2.1          Piggyback Registration
Rights.

       

      (a)           If
the Company proposes to register any shares of Common Stock (other than a
registration (A) on Form S-8 or S-4 or any successor or similar forms, (B)
relating to Common Stock issuable upon exercise of employee or consultant share
options or in connection with any employee benefit or similar plan of the
Company or (C) in connection with a direct or indirect acquisition by the
Company of another Person or any transaction with respect to which Rule 145 (or
any successor provision) under the Securities Act applies), whether or not for
sale for its own account, it will each such time, give prompt written notice at
least 20 days prior to the anticipated filing date of the registration statement
relating to such registration to the Investors, which notice shall set forth
such Investors’ rights under this Section 2.1 and shall offer the Investors the
opportunity to include in such registration statement such number of Registrable
Securities as the Investors may request.  Upon the written request of
an Investor made within 10 days after the receipt of notice from the Company
(which request shall specify the number of Registrable Securities intended to be
disposed of by such Investors), the Company will use its best efforts to effect
the registration under the Securities Act of all Registrable Securities that the
Company has been so requested to register by the Investors, to the extent
requisite to permit the disposition of the Registrable Securities to be so
registered; provided, however, that (A) if such registration involves a Public
Offering, the Investors must sell their Registrable Securities to the
underwriters on the same terms and conditions as apply to the Company and (B)
if, at any time after giving written notice of its intention to register any
Registrable Securities pursuant to this Section 2.1 and prior to the effective
date of the registration statement filed in connection with such registration,
the Company shall determine for any reason not to register such Registrable
Securities, the Company shall give written notice to the Investors and,
thereupon, shall be relieved of its obligation to register any Registrable
Securities in connection with such registration.

       

      (b)           If
a registration pursuant to this Section 2.1 involves a Public Offering and the
managing underwriter thereof advises the Company that, in its view, the number
of Common Stock, if any, or other Common Stock that the Company and the
Investors intend to include in such registration exceeds the largest number of
Common Stock (including any other Common Stock or warrants of the Company) that
can be sold without having an adverse effect on such Public Offering (the “Maximum Offering Size”), the
Company will include in such registration only that number of Common Stock which
does not exceed the Maximum Offering Size, in the following order of priorities:
(1) first, all securities the Company proposes to sell for its own account, (2)
second, up to the full number of securities proposed to be registered for the
account of the holders of securities entitled to inclusion of their securities
in the Registration Statement by reason of demand registration rights, and (3)
third, the securities requested to be registered by other holders of securities
entitled to participate in the registration, drawn from them pro-rata based on
the number of shares each has requested to be included in such
registration.

       

      (c)           If
as a result of the proration provisions of this Section 2.1(b), the Investors
are not entitled to include all such Registrable Securities in such
registration, such Investors may elect to withdraw their request to include any
Registrable Securities in such registration.

       

      (d)           Notwithstanding
the foregoing, the Company shall have no obligations under this Section 2.1
hereof at any time that such Registrable Securities are the subject of an
effective registration statement.

       

      3.           Obligations of the
Investors.  In connection with the registration of the
Registrable Securities, the Investors shall have the following obligations,
which obligations shall be several and not joint:

       

      3.1           Prior
to the first anticipated filing date of the Registration Statement under Section
2.1 hereof, the Company shall provide the Investors with a draft of the
Registration Statement, including such information about the Investor as has
been provided in the Questionnaire completed by the Investor, together with
whatever confirmations, certificates or consents as may be reasonably requested
by the Company.  In connection with any other Registration Statement
including the Investors, it shall be a condition precedent to the obligations of
the Company to complete the registration pursuant to this Exhibit C with
respect to the Registrable Securities of a particular Investor that such
Investor shall furnish to the Company such information regarding itself, the
Registrable Securities held by it and the intended method of disposition of the
Registrable Securities held by it as shall be reasonably required to effect the
registration of such Registrable Securities and shall execute such documents in
connection with such registration as the Company may reasonably
request.  At least ten business days prior to the first anticipated
filing date of the Registration Statement, the Company shall notify each
Investor of the information the Company requires from each such Investor (the
“Requested Information”)
if such Investor elects to have any of its Registrable Securities included in
the Registration Statement.  If at least four business days prior to
the anticipated filing date the Company has not received the Requested
Information from an Investor (a “Non-Responsive Investor”),
then the Company shall send such Non-Responsive Investor a reminder of such
information request.  If at least two business days prior to the
anticipated filing date the Company still has not received the Requested
Information from such Non-Responsive Investor, then the Company may file the
Registration Statement without including Registrable Securities of such
Non-Responsive Investor.  However, promptly upon receipt of the
Requested Information, and at the expense of the Non-Responsive Investor, the
Company shall file such amendment(s) to the Registration Statement as may be
necessary to include therein the Registrable Securities of the Non-Responsive
Investor.

      
        
           

        

        
          C-2

          
            

          

        

        
           

        

      

       

      3.2           Each
Investor by its acceptance of the Registrable Securities agrees to cooperate
with the Company in connection with the preparation and filing of the
Registration Statement hereunder, unless such Investor has notified the Company
in writing of its election to exclude all of its Registrable Securities from the
Registration Statement.

       

      4.           Assignment.  Subject
to the last sentence of this paragraph, in the event there is not an effective
Registration Statement covering the Registrable Securities, the rights to have
the Company register Registrable Securities pursuant to this Exhibit C may be
assigned or transferred without the prior written consent of the
Company.  Additionally, subject to the last sentence of this
paragraph, consent of the Company shall not be required with respect to any
assignment or transfer of Registrable Securities to an affiliate of Investor,
including for this purpose if Investor is an investment company, any fund or
account advised by Investor’s investment adviser or any affiliate thereof and if
the Investor is a partnership, any partner thereof.  In the event of
any such assignment or transfer by the Investors to any permitted transferee of
all or any portion of such Registrable Securities such transfer will be allowed
only if: (a) the Investor agrees in writing with the transferee or assignee to
assign such rights, and a copy of such agreement is furnished to the Company
within a reasonable time after such assignment, (b) the Company is, within a
reasonable time after such transfer or assignment, furnished with written notice
of (i) the name and address of such transferee or assignee and (ii) the
securities with respect to which such registration rights are being transferred
or assigned, (c) immediately following such transfer or assignment, the
securities so transferred or assigned to the transferee or assignee constitute
Restricted Securities, and (d) at or before the time the Company received the
written notice contemplated by clause (b) of this sentence the transferee or
assignee agrees in writing with the Company to be bound by all of the provisions
contained herein.

      
        
           

        

        
          C-3

          
            

          

        

        
           

        

      

      SCHEDULE
4.1(d)

       

      Common
Stock

       

      -           31,672,842
shares are issued and outstanding

       

      Warrants

       

      -           14,019,339
underlying shares of Common Stock

       

      Incentive Stock
Options

       

      -           6,651,438
underlying shares of Common Stock

       

      Preferred
Stock

       

      -           11,300,000
shares of Common Stock underlying the Series F Preferred Stock

       

      Convertible
Debt

       

      Munoz                $50,000           Convertible
Notes                 @$1.20   =              41,667
underlying shares

       

      *Note:     The
underlying shares of the Convertible Debt have been included in the above
referenced number of issued and outstanding shares of Common
Stock.

      
        
           

        

        
          S-4.1(d)
- 1

          
            

          

        

        
           

        

      

      SCHEDULE
4.1(e)

       

      Patents and Patents
Pending

       

      
        	
                File No.

              	 
      	
                Ctry

              	 
      	
                Short Title

              	 
      	
                Application / Patent No.

              	 
      	
                Ap Date

              	 
      	
                Issue Date

              
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                1970-0001

              	 
      	
                US

              	 
      	
                DMTR

              	 
      	
                11/078059
      / 7,460,480

              	 
      	
                3/11/05

              	 
      	
                12/2/08

              
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                1970-0001-CA

              	 
      	
                CA

              	 
      	
                DMTR

              	 
      	
                2,559,891

              	 
      	
                3/11/05

              	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                1970-0001-EP

              	 
      	
                EP

              	 
      	
                DMTR

              	 
      	
                5725432.8
      / EP1733492

              	 
      	
                3/11/05

              	 
      	
                12/2/08

              
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                1970-0001-C

              	 
      	
                US

              	 
      	
                MGT

              	 
      	
                12/262/892

              	 
      	
                10/31/08

              	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                1970-0001-WO

              	 
      	
                WO

              	 
      	
                COM

              	 
      	
                PCT/US2005/08244

              	 
      	
                3/11/05

              	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                1970-0002

              	 
      	
                US

              	 
      	
                IP
      Share

              	 
      	
                11/202,050

              	 
      	
                8/11/05

              	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                1970-0002-CA

              	 
      	
                CA

              	 
      	
                IP
      Share

              	 
      	
                2,577,806

              	 
      	
                8/16/05

              	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                1970-0002-EP

              	 
      	
                EP

              	 
      	
                IP
      Share

              	 
      	
                5805070.9
      / EP1779255

              	 
      	
                8/16/05

              	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                1970-0002-WO

              	 
      	
                WO

              	 
      	
                IP
      Share

              	 
      	
                PCT/US200529324

              	 
      	
                8/16/05

              	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                1970-0003

              	 
      	
                US

              	 
      	
                Client
      Server

              	 
      	
                11/043,680

              	 
      	
                1/26/05

              	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                1970-0003-WO

              	 
      	
                WO

              	 
      	
                Client
      Server

              	 
      	
                PCT/US2005/03557

              	 
      	
                1/26/05

              	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                1970-0005-C

              	 
      	
                US

              	 
      	
                MEM
      LTD PRO

              	 
      	
                10/613,656

              	 
      	
                7/03/03

              	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                1970-0005-CA

              	 
      	
                CA

              	 
      	
                MEM
      LTD PRO

              	 
      	
                2,494,980

              	 
      	
                7/03/03

              	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                1970-0005-EP

              	 
      	
                EP

              	 
      	
                MEM
      LTD PRO

              	 
      	
                3763277.5
      / EP1527561

              	 
      	
                7/03/03

              	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                1970-0005-WO

              	 
      	
                WO

              	 
      	
                MEM
      LTD PRO

              	 
      	
                PCT/US2003/21190

              	 
      	
                7/03/03

              	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                1970-0006

              	 
      	
                US

              	 
      	
                Cellular
      Bridge

              	 
      	
                10/624,433

              	 
      	
                7/22/03

              	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                1970-0006-WO

              	 
      	
                WO

              	 
      	
                Cellular
      Bridge

              	 
      	
                PCT/US2004/21463

              	 
      	
                7/02/07

              	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                1970-010P

              	 
      	
                US

              	 
      	
                MGT

              	 
      	
                61/014,324

              	 
      	
                12/17/07

              	 
      	 
      
	
                1970-010-WO

              	 
      	
                WO

              	 
      	
                MGT

              	 
      	
                PCT/US2008/012317

              	 
      	
                10/30/08

              	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                1970-010

              	 
      	
                US

              	 
      	
                MGT

              	 
      	
                12/098,947

              	 
      	
                4/07/08

              	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                1970-011P

              	
                  

              	
                US

              	
                  

              	
                IP&SMS
      Calls

              	
                  

              	
                61/089,097

              	
                  

              	
                8/15/08

              	
                  

              	 
      

      

      
        
           

        

        
          S-4.1(e)
- 1

          
            

          

        

        
           

        

      

      Licensed Patents -
Worldwide

      

      
        	
                File No.

              	 
      	
                Ctry

              	 
      	
                Short Title

              	 
      	
                Application / Patent No.

              	 
      	
                Ap Date

              	 
      	
                Issue Date

              
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	
                US

              	 
      	
                VSAM

              	 
      	
                10/972,726
      / 7,336,654

              	 
      	
                10/25/04

              	 
      	
                2/26/08

              
	 
      	 
      	
                US

              	 
      	
                E-Funds
      TSF

              	 
      	
                09/501,874
      / 7,120,606

              	 
      	
                2/10/00

              	 
      	
                10/10/06

              
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	
                  

              	
                US

              	
                  

              	
                DRM
      Packets

              	
                  

              	
                09/981,358
      / 7,343,349

              	
                  

              	
                10/15/01

              	
                  

              	
                3/11/08

              

      

      

      Registered
Trademarks

      

      i2Telecom®

      GlobalTalk®

      VoiceStick®

      InternetTalker®

      

      Trademarks
Pending

      

      MyGlobalTalkTM

      LeadTrayTM

      U-WirelessTM

      YourWirelessTM

      MyMobileBridgeTM

      ThirdNetworkTM

      LiveWidgetTM

      
        
           

        

        
          S-4.1(e)
- 2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00168-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00168-of-00352.parquet"}]]