Document:

Exhibit
            10.13

            

            
            

            

            
            Pre-
            Bridge Loan
            Agreement
            (the “Pre-Bridge
            Agreement”) is entered into this
            __
            th day of
            May
            2007
            between IPtimize, Inc., a
            Minnesota corporation
            located at 2135 S. Cherry Street,
            Suite 200, Denver, Colorado 80222 (the “Borrower”) and
            ________________________, residing
            at _______________________
            (the “Lender
            ”). The
            Lender
            and the Borrower are sometimes
            individually referred to as a “Party” and collectively as the
            “Parties”.

             

            
                                
            W I T N E S S E T
            H:

            

            
            WHEREAS
            , Borrower desires to borrow
            $______ from the
            Lender
            (the “Loan Amount”) as
            part of a total pre-bridge loan financing of up to $75
            0,000 (the “Pre
            Bridge
            ”) to meet the immediate
            working capital needs of the Borrower prior to the Borrower’s implementation of a
            proposed permanent PIPE
            financing in excess of
            $1,
            500,000 (the “PIPE
            ”); and

             

            
            WHEREAS,
            the
            Lender
            together with all other
            P
            re
            Bridge Lender, each of whom shall
            participate in the Pre
            Bridge
            on a pro rata and pari passu basis
            and who shall each execute his own
            p
            re-b
            ridge
            a
            greement
            and annexed promissory note
            with the Borrower (collectively the
            “Additional
            Lender
            ”) are collectively willing to
            lend the Pre Bridge
            to the Borrower.

             

            
            NOW, THEREFORE,
            in consideration of the
            representations, warranties, covenants and agreements herein contained, the receipt and
            adequacy of which is hereby acknowledged and accepted, the Parties hereby agree as
            follows:

            

            
            1.     
            Terms of the Pre
            Bridge
            .

            

            
            1.1
                 
            The Pre
            Bridge
            . The
            Lender
            hereby agrees to lend the Loan
            Amount to the Borrower and the Borrower hereby accepts the Loan Amount from the
            Lender
            and agrees to repay the same in
            lawful money of the United States of America. The Loan Amount shall be evidenced by a
            promissory note bearing interest at the rate of ten (10.0%) percent per annum on an
            actual day/360 day basis and payable on the Due Date (as that term is defined below),
            in the form annexed hereto as Exhibit “A” and hereby incorporated herein by
            reference (the “Note”). The Note shall be duly executed by the Borrower and
            delivered to the
            Lender
            simultaneously with the execution of
            this Pre Bridge Agreement.

            

            
            1.2     
            Due
            Date.     The
            Loan Amount shall be due and payable on the earlier of: (i) the closing of the
            PIPE
            ; (ii)
            six months
            from the date of this Pre Bridge
            Agreement; or (iii) the receipt by the
            Lender
            of Commission Income (as that term
            is defined in Section 1.5 below) equal to the Loan Amount (the "Due Date").

            
             

            
             

            

            

            Information
            contained in this document is proprietary and not to be disclosed without written
            permission from

            IPtimize, Inc.

            2135 S. Cherry St, Ste. 200; Denver, CO 80222

            303-268-3600 (Main) 303-268-3639 (Fax)

            
            

            

            
            

            
             

            

            
            1.3     
            Payments and
            Prepayments.The Borrower
            shall not be entitled to re-borrow any prepaid Loan Amount or other costs or charges.
            All payments made pursuant to this Pre Bridge Agreement shall be first applied to
            accrued and unpaid interest, then to any lien or other proper charges under this Pre
            Bridge Agreement and finally to the aggregated principal balance of the Loan Amount.
            Absent the foregoing, interest on the Loan Amount shall be due and payable in one lump
            sum on the Due Date.

            

            
            1.4     
            Closings.
            The closing of the Pre
            Bridge
            shall take place simultaneously with
            the execution of this Pre Bridge Agreement via facsimile. Simultaneously with the
            execution of this Pre Bridge Agreement, the
            Lender
            shall deliver the Loan Amount to the
            Borrower via Federal wire transfer or such other manner as shall be mutually agreed
            upon between the Borrower and the
            Lender
            (the “Closing”). At the
            Closing, the Borrower shall deliver this Pre Bridge Agreement duly executed by the
            Borrower.

            

            
            1.5     Collateral
            Security. The following provisions shall be applicable:

            

            
                 A.     As
            collateral security for the Borrower’s repayment of the Loan Amount to the
            Lender, as evidenced by the filing of the UCC-1 Financing Statement as described in
            Section 1.6 below, and until the Loan Amount has been repaid, the Borrower hereby
            covenants and agrees: (i) within two business days from the execution of this
            Agreement, it shall open a separate segregated account in the name of the Borrower at
            Vectra Bank Colorado (the “Account”); (ii) the Borrower shall designate
            Gary J. Graham, in his capacity as President (“Graham”) of First Capital
            Business Development, LLC, a Colorado limited liability company, located at 16293 East
            Dorado Place, Centennial, CO 80015 (“FCBD”) in its capacity as collection
            and disbursement agent for the Additional
            Lender
            (collectively the
            “Participating
            Lender
            ”), shall be the sole
            signatory on the Account; (iii) within 24 hours of its receipt, the Borrower’s
            President, Clinton J. Wilson
            and/or such other executive officers or employees designated by him and indicated to
            the Participating
            Lender
            in writing
            (the “Designated
            Officer”) shall deposit all of the monthly commission income received by the
            Borrower from its agreements with Qwest Communications and Level 3 Communications
            (collectively the “Commission Income”) into the Account; and (iv) upon the
            deposit of the Commission Income into the Account, the Designated Officer shall send a
            confirming email to Graham at
            ggraham@fstcapital.com
            ;

            

            
                 B.     The
            Borrower shall continue to promptly deposit the Commission Income into the Account
            until the Pre-Bridge have
            been paid in full either through cash payment or conversion into a portion of
            the PIPE
            ;

            

            
                 C.     The
            Borrower hereby authorizes and directs Graham, in his capacity as collection and
            disbursement agent for the Participating Lender, to: (i)
            either
            withdraw the Commission Income from
            the Account and to pay the same pro rata to the Participating
            Lender
            on a monthly basis
            or to return the same to the
            Borrower; (ii) to account to the Borrower on a quarterly basis as to the disbursement
            of the Commission Income; and (iii) to resign as a signatory on the Account within two
            business days from the date the Participating
            Lender
            shall have been repaid the full
            Pre-PIPE amount;

            
             

            
             

            

            

            Information
            contained in this document is proprietary and not to be disclosed without written
            permission from

            IPtimize, Inc.

            2135 S. Cherry St, Ste. 200; Denver, CO 80222

            303-268-3600 (Main) 303-268-3639 (Fax)

            
            

            

            
            

            
             

            
                        
            D.     In
            its capacity as the lead and first Participating
            Lender
            , and without any other legal duty
            or obligation to do so, Graham hereby covenants and agrees to faithfully and
            impartially: (i) collect the Commission Income from the Account; (ii) to disburse the
            Commission Income pro rata to the Participating
            Lender
            ; (iii) to maintain accurate books
            and records of all transaction for and on behalf of the Participating
            Lender
            ; (iv) report all transactions in
            the Account to the Borrower each quarter the Account is open; (v) as soon as the
            Participating Lender
            have been repaid the Pre-PIPE
            Amount and all accrued interest from
            the Commission Income and/or the proceeds of the
            PIPE
            , to return any un-disbursed
            Commission Income in the Account back to the Borrower and resign as a signatory on the
            Account; and (vi) assuming a UCC-1 Financing Statement has been filed, to execute and
            deliver to the Borrower a UCC-2 Termination Statement evidencing the termination of
            FCBD’s interest in the Account and in the Commission Income;

            

            
                      E.     Simultaneously
            with the execution of this Pre Bridge Agreement, the Borrower shall execute and deliver
            to Qwest Communications and Level 3 Communications a letter requesting them to deposit
            the Commission Income into a designated lock box. The letter shall be delivered via
            overnight package delivery service or by registered or certified mail with a copy to
            the Lender
            ; and

             

                       F.     In
            addition to the Commission Income, the Loan Amount shall also be secured by the
            un-pledged assets of the Borrower. Until the Loan Amount together with all accrued
            interest shall have been repaid in full, any and un-pledged assets of the Borrower
            shall be available as additional collateral security for the Loan Amount.

             

                       1.6     
            Security Documents and
            Fees. Simultaneously with
            the execution and delivery of this Pre Bridge Agreement, the Borrower shall execute and
            deliver to the Lender
            a UCC-1 financing statement
            evidencing the Lender
            ’ security interest in the
            Commission Income. In addition, the Borrower hereby specifically agrees and consents
            that a photocopy or other reproduction of this Pre Bridge Agreement shall be deemed to
            be the legal equivalent of a financing statement and may be filed with any county clerk
            as evidence of the
            Lender’
            security interest. At the closing of
            the PIPE
            , the Borrower shall pay to a
            finder's fee of 10% to any individual, firm or entity that introduces a
            Participating Lender
            to the Borrower and who advances all
            or any portion of the Pre-Bridge
            to the Borrower.

             

            
                      
            1.7.     
            Additional
            Consideration. As
            additional consideration for the Loan Amount, the Borrower hereby covenants and agrees
            as follows:

            
             

            
             

            

            

            Information
            contained in this document is proprietary and not to be disclosed without written
            permission from

            IPtimize, Inc.

            2135 S. Cherry St, Ste. 200; Denver, CO 80222

            303-268-3600 (Main) 303-268-3639 (Fax)

            
            

            

            
            

            
             

            

            
                 A.     Simultaneously
            with the execution of this Pre-Bridge Agreement, the Borrower shall cause the issuance
            and delivery to the
            Lender
            of a warrant
            in the form annexed hereto as
            Exhibit “B” and hereby incorporated herein by reference
            with a five (5) year term (the
            “Warrant”) entitling the
            Lender
            to purchase an aggregate of one
            share of the Borrower’s Common Stock,
            no
            par value per share (the
            “Shares”) for each one Dollar loaned to the Borrower and aggregating the
            Loan Amount, or a total of
            __
            ,000 shares (the “Warrant
            Shares”). The Warrant shall be exercisable at a price of $0.50 per Share or such
            greater or lesser amount equal to the conversion rate at which the
            PIPE
            is convertible into Shares. The
            Warrant Shares shall be registered under the Securities Act of 1933, as amended (the
            “Securities Act”), in accordance with the following:

            

            
                                    
            1.)     If at any time during the five-year term of the
            Warrants, the Borrower proposes to file a Registration Statement under the Securities
            Act (a “Registration Statement”); it will at such time give written notice
            to the Lender
            of its intention to do so. Upon
            written request of the
            Lender
            , given within 15 days after the
            giving of any such notice by the Borrower, the Borrower will advise the
            Lender
            that it shall include his Warrant
            Shares in the Registration Statement. If, however, the offering to which the
            Registration Statement relates is to be distributed by or through an underwriter
            or placement agent
            approved by the Borrower, the
            Lender
            hereof may at his option agree to
            sell the Warrant Shares through such underwriter
            or placement agent
            on the same terms and conditions as
            the underwriter or placement
            agent agrees to sell the
            other securities proposed to be registered. In addition, if such underwriter
            or placement agent
            determines that the inclusion of all
            the Warrant Shares sought to be sold would have an adverse effect on the offering,
            the Lender
            shall be entitled to participate in
            the underwriting and register his Warrant Shares on a pro rata basis or as such other
            quantity of the Warrant Shares as the underwriter
            or placement agent
            may determine.

            

            
                          
             2.)     The Borrower covenants and agrees that it shall
            prepare and promptly file with the Securities and Exchange Commission (the
            "Commission") all amendments, post-effective amendments and supplements to the
            Registration Statement as may be necessary under the Securities Act and the regulations
            of the Commission to permit the sale of the Warrant Shares to the public;
            and

            

            
                           
            3.)     The rights of the
            Lender
            hereof pursuant to this Section 1.7
            may be exercised only by the
            Lender
            or any affiliate thereof.

            
             

            
            

            
                 B.     The
            Lender shall have the right
            and option to convert the entire unpaid balance of the Loan Amount and all unpaid
            interest due thereunder into Shares at the rate of $.50 per Share
            or such greater or lesser amount as
            the conversion rate equal to that at which the
            PIPE
            is convertible into the Shares (the
            "Conversion Shares"). The
            Borrower shall register the Conversion Shares under the Securities Act in the same
            manner as the Warrant Shares.

            
             

            
             

            
             

            

            

            Information
            contained in this document is proprietary and not to be disclosed without written
            permission from

            IPtimize, Inc.

            2135 S. Cherry St, Ste. 200; Denver, CO 80222

            303-268-3600 (Main) 303-268-3639 (Fax)

            
            

            

            
            

            
             

            

            
            2.     
            Brief
            Description of the
            Company.

            

            
            Information about the Borrower and
            its 2006
            business derived from the
            Borrower’s Form SB-2 Registration Statement as filed with the Commission on
            October 18, 2006 and
            withdrawn by the Borrower on April 13, 2007
            (the “SB-2”), is set
            forth in Exhibit “C” annexed to this Pre-Bridge Agreement and hereby
            incorporated herein by reference. This information presents an overview of the
            Borrower’s business but does not reflect events that occurred subsequent to the
            date of the SB-2.

            

            
            3.
                 Risk Factors Associated with the Borrower and the
            Note.

            

            
            An investment in the Borrower
            involves a high degree of risk and should be considered only by
            Lender
            who can sustain the loss of their
            entire investment. Accordingly, the
            Lender hereby represent
            that, prior to the signing of this
            Pre-Bridge Agreement, the
            Lender have
            read the disclosures contained under
            the captions "Risks Related to the Company” and “Risks Related to the
            Offering" set forth in Exhibit “D” annexed to this Pre-Bridge Agreement and
            hereby incorporated herein by reference.

            

            
            4.     
            Selected Financial Information.

            

            
            The following selected financial
            data has been derived from the Borrower’s audited financial statements for the
            two fiscal years ended December 31, 2005, and from its reviewed financial statements
            for the nine months ended September 30, 2006 and its un-reviewed Borrower prepared
            financial statements for the three months ended December 31, 2006. In the opinion of
            the Borrower’s management, the unaudited financial statements include all
            adjustments, consisting only of normal, recurring adjustments that management considers
            necessary for a fair statement of the results of that period. The Borrower will make
            its audited and unaudited financial statements to the
            Lender
            upon his written request. The
            Borrower’s historical results are not necessarily indicative of the results to be
            expected in any future period.

            
             

            
             

            

            

            Information
            contained in this document is proprietary and not to be disclosed without written
            permission from

            IPtimize, Inc.

            2135 S. Cherry St, Ste. 200; Denver, CO 80222

            303-268-3600 (Main) 303-268-3639 (Fax)

            
            

            

            
            

            
             

            

            

            	
                        
                                                 

                    	
                        
                        2004

                        
                        Audited

                    	
                        
                        2005

                        
                        Audited

                    	
                        
                        2006

                        
                        Unaudited
                        
                        1

                    
	
                        
                        Statement
                        of Operations Data

                    
	
                     
	
                        
                        Operating
                        income

                    	
                        
                        288,700

                    	
                        
                        790,056

                    	
                        
                        410,872

                    
	
                        
                        Operating
                        expenses

                    	
                     	
                     	
                     
	
                        
                        Non-cash
                        Stock Compensation

                    	
                        
                        901,229

                    	
                        
                        1,865,889

                    	
                        
                        871,779

                    
	
                        
                        Research
                        & Development

                    	
                        
                        762,742

                    	
                        
                        0

                    	
                        
                        0

                    
	
                        
                        Impairment
                        of Fixed Assets

                    	
                        
                        0

                    	
                        
                        25,000

                    	
                        
                        0

                    
	
                        
                        General
                        and administrative

                    	
                        
                        1,552,102

                    	
                        
                        2,157,873

                    	
                        
                        1,561,620

                    
	
                        
                        Depreciation
                        & Amortization

                    	
                        
                        39,528

                    	
                        
                        41,760

                    	
                        
                        22,254

                    
	
                        
                        Net
                        Operating (Loss)

                    	
                        
                        (2,966,901)

                    	
                        
                        (3,300,466)

                    	
                        
                        (2,044,781)

                    
	
                        
                        Other
                        Income (Expense)

                    	
                     	
                     	
                     
	
                        
                        Interest
                        Expense

                    	
                        
                        (28,103)

                    	
                        
                        (49,726)

                    	
                        
                        (344,306)

                    
	
                        
                        Net
                        income (loss)

                    	
                        
                        (2,995,004

                    	
                        
                        (3,350,192)

                    	
                        
                        (2,389,087)

                    
	
                        
                        Weighted
                        average shares outstanding

                    	
                        
                        16,877,757

                    	
                        
                        15,021,955

                    	
                     
	
                        
                        Net
                        income (loss) per share

                    	
                        
                        (0.18)

                    	
                        
                        (0.22)

                    	
                     
	
                        
                        

                    
	
                        
                        Balance
                        Sheet Data—At Period End

                    
	
                     
	
                        
                        Cash
                        and equivalents

                    	
                        
                        89,250

                    	
                        
                        23,078

                    	
                        
                        (7,565)

                    
	
                        
                        Current
                        assets

                    	
                        
                        264,610

                    	
                        
                        130,740

                    	
                        
                        89,272

                    
	
                        
                        Fixed
                        assets

                    	
                        
                        132,945

                    	
                        
                        66,185

                    	
                        
                        46,556

                    
	
                        
                        Other
                        assets

                    	
                        
                        4,021

                    	
                        
                        10,321

                    	
                        
                        349,103

                    
	
                        
                        Total
                        assets

                    	
                        
                        490,826

                    	
                        
                        230,324

                    	
                        
                        477,366

                    
	
                        
                        Current
                        liabilities

                    	
                        
                        1,797,553

                    	
                        
                        1,216,091

                    	
                        
                        2,293,733

                    
	
                        
                        Long
                        term debt

                    	
                        
                        43,613

                    	
                        
                        17,601

                    	
                        
                        17,601

                    
	
                        
                        Total
                        liabilities

                    	
                        
                        1,841,166

                    	
                        
                        1,233,692

                    	
                        
                        2,311,334

                    
	
                     	
                     	
                     	
                     
	
                        
                        Total
                        stockholders’ equity (deficit)

                    	
                        
                        (1,350,340)

                    	
                        
                        (1,003,368)

                    	
                        
                        (1,833,968)

                    
	
                        
                        Total
                        liabilities and equity

                    	
                        
                        490,826

                    	
                        
                        230,324

                    	
                        
                        477,366

                    

            

            

            
            ___________________________

            
            1
            Comprised of
            reviewed statements for the nine months ended September 30, 2006 and un-reviewed
            company prepared statements for the year ended December 31, 2006

            

            
                 5.     
            Representations, Warranties
            and
            Covenants.

            

            
            In order to implement the operation
            of this Pre-Bridge Agreement, the Parties hereby jointly and severally represent,
            warrant, covenant, agree and consent as follows:

            
             

            

            

            Information
            contained in this document is proprietary and not to be disclosed without written
            permission from

            IPtimize, Inc.

            2135 S. Cherry St, Ste. 200; Denver, CO 80222

            303-268-3600 (Main) 303-268-3639 (Fax)

            
            

            

            
             

            
             

            

            
            

            
                 5.1  
            Insolvent Financial Condition of
            the Borrower. The
            Borrower represents and warrants that it has provided, or will provide as available,
            all material information regarding the financial condition of the Borrower; and that as
            of the date of this Agreement, the Borrower is insolvent, has a negative shareholder
            equity balance, has outstanding liabilities that cannot presently be met by its
            revenues, and has effectively no market value as a “Pink-Sheet” traded
            company;

            
                       
             5.2  
            Authority
            . The Borrower and the
            Lender
            have full legal authority to enter
            into this Agreement and to perform the same in the time and manner
            contemplated;

            
                     5.3 
            Approval
            . This Agreement has been submitted
            to, ratified and approved by the Board of Directors of the Borrower and by the
            Lender
            in the manner required by the law of
            his jurisdiction of residence;

            
               

            
                    
            5.4   
            Licenses,
            Etc. The Borrower shall
            comply with all applicable laws and regulatory requirements at all times. The
            Borrower shall obtain and
            maintain such authorizations, licenses, permits and other governmental or regulatory
            agency approvals as are required for the performance of this Pre Bridge
            Agreement;

            
             

            
                   
            5.5   
            Valid
            Issuance. The Warrant and
            the Warrant Shares shall be when issued, duly and validly issued, fully paid and
            non-assessable;

            
             

            
                    5.6    
            Reservation
            . The Borrower shall reserve
            the Warrant
            Shares for issuance upon the
            exercise of the
            Warrants
            by the
            Lender
            ;

            
             

            
                  
            5.7   
            Restricted
            Securities. The
            Lender
            acknowledges, accepts and
            understands that until and unless the same are registered under the Securities Act: (i)
            the Warrant Shares and the Conversion Shares will be “restricted
            securities” as that term is defined under the Securities Act; (ii) the
            Lender
            will be acquiring the
            Warrant
            Shares and the Conversion Shares
            solely for his own account, for investment purposes and without a view towards the
            resale or distribution thereof; (iii) the
            Warrant
            Shares will be subject of stop
            transfer orders on the books and records of the Borrower’s transfer agent and
            shall be imprinted with a standard form of restrictive legend; and (iv) any sale of
            the Warrant
            Shares or the Conversion Shares will
            be accomplished only in accordance with the Securities Act and the rules and
            regulations of the Commission adopted thereunder; and
                 

            

            
                     
             5.8   Accredited
            Investor
            . As evidenced by the
            Lender’
            completion of the questionnaire
            annexed hereto as Exhibit “E” and hereby incorporated herein by reference
            (the “Questionnaire”), the
            Lender
            is
            an “accredited investor”
            as that terms is defined in Regulation D of the Securities Act and as such: (i) has
            adequate means of providing for his current needs and possible contingencies;
            (ii) is able to bear the economic risk of his investment; (iii) is capable of
            evaluating the relative risks and merits of the
            Lender’
            investment in the Borrower; (iv) can
            bear the economic risk of losing his entire investment in the Borrower represented by
            the Loan Amount; (v) has not relied upon any oral statements or representations by the
            Borrower or its principals; (vi) understands the undercapitalized and speculative
            nature of the Borrower’s business as well as the uncertainties attendant upon the
            Borrower’s ability to reach profitability from its present insolvent status; and
            (vii) has consulted the
            Lender’
            own financial, legal and tax
            advisors with respect to the economic, legal and tax consequences of his investment in
            the Borrower. 

            
             

            

            

            Information
            contained in this document is proprietary and not to be disclosed without written
            permission from

            IPtimize, Inc.

            2135 S. Cherry St, Ste. 200; Denver, CO 80222

            303-268-3600 (Main) 303-268-3639 (Fax)

            
            

            

            
            

             

            
                 6.     
            Default: Rights and Remedies on
            Default

            

            
                 6.1
            Events of
            Default. The occurrence
            of any of the following events shall be an event of default under this Agreement
            (“Events of Default”):

            

            
                                 
            A.     The material breach of any representation, warranty or
            covenant of the Borrower contained in this Pre-Bridge Agreement including the failure
            to promptly deposit the Commission Income into the Account and any repayment not cured
            within fifteen (15) days of written notice of such breach;

            

            
                 B.     If
            the Borrower: (i) files a petition in bankruptcy or a petition to take advantage of any
            insolvency act or other act for the relief or aid of debtors; (ii) makes an assignment
            for the benefit of its creditors; (iii) consents to or acquiesces in the appointment of
            a receiver, liquidator or trustee of itself or of the whole or any part of its
            properties and assets; (iv) files a petition or answer seeking for itself
            reorganization, arrangement, composition, readjustment. liquidation, dissolution or
            similar relief under the federal bankruptcy laws or any other applicable law; (v) on a
            petition in bankruptcy filed against it, is adjudicated a bankrupt; or (vi) is served
            with a three-day (3) notice to quit any of its leasehold premises, which notice is not
            discharged or contested in good faith by appropriate proceedings prior to the
            initiation of an unlawful suit against the Borrower;

            
                 C.     If
            a court of competent jurisdiction shall enter an order, judgment or decree appointing,
            without the consent of acquiescence of the Borrower, as a receiver, liquidator or
            trustee of the Borrower, or of the whole or any substantial part of its properties and
            assets, or approving a petition filed against it seeking reorganization, arrangement,
            composition, readjustment, liquidation, dissolution or similar relief under the federal
            bankruptcy laws or any other applicable law, and such order judgment or decree shall
            remain un-vacated or not set aside or un-stayed for an aggregate of thirty (30) days,
            whether or not consecutive, from the date of the entry thereto; or if, under the
            provisions of any other law for the relief or aid of debtors, any court of competent
            jurisdiction shall assume custody or control of the Borrower or the whole or any
            substantial part of its operations and assets and such custody and control shall remain
            un-terminated or un-stayed for an aggregate of thirty (30) days, whether or not
            consecutive, from the date of assumption of such custody or control.

            
             

            
             

            

            

            Information
            contained in this document is proprietary and not to be disclosed without written
            permission from

            IPtimize, Inc.

            2135 S. Cherry St, Ste. 200; Denver, CO 80222

            303-268-3600 (Main) 303-268-3639 (Fax)

            
            

            

            
            

            
             

            

            
                 6.2     
            Due and Payable.
            Upon the occurrences of any such
            Event of Default, the
            Lender
            at his option and exercised by
            written notice to the Borrower, shall deem the principal under this Pre Bridge
            Agreement, together with the interest and charges accrued thereon, become immediately
            due and payable. The
            Lender
            may exercise any or all of the
            rights and remedies granted under the provisions of the Uniform Commercial Code of the
            State of Colorado (as now or hereafter in effect). Any proceeds realized from the
            disposition of the assets of the Borrower under bankruptcy or liquidation provisions,
            shall: (i) first be applied to the payment of any wages due to any employees of the
            Borrower, pursuant to Colorado Department of Labor statutes; (ii) then to any secured
            indebtedness of the Borrower; (iii) then to any expenses incurred by the
            Lender
            in connection with the disposition;
            and (iv) the balance shall be applied to the payment of the Loan Amount; (v) then to
            any trade or vendor indebtedness; (vi) thereafter to any other indebtedness and the
            equity shareholders of the Borrower. Any surplus proceeds shall be an asset of the
            Borrower. In the event such proceeds prove insufficient to satisfy all indebtedness
            secured hereunder, then Borrower shall be liable for the deficiency.

            

            
                 6.3     
            Other Remedies.
            The rights, powers and remedies
            granted to the Lender
            pursuant to the provisions of this
            Pre Bridge Agreement shall be in addition to all the rights, powers and remedies
            granted to the Lender
            under any statute or rule of law.
            Any forbearance, failure or delay by order, exercising any right, power or remedy under
            this Pre Bridge Agreement shall not be deemed to be waiver of such right, power or
            remedy. Any single or partial exercise (if any right, power or remedy under this Pre
            Bridge Agreement shall not preclude the further exercise thereof, and every right,
            power and remedy of the
            Lender
            under this Pre Bridge Agreement
            shall continue in full force and effect until such right, power or remedy is
            specifically waived by any instrument executed by the
            Lender
            .

            

            
                 6.4     
            Waiver
            . The Borrower for itself and its
            legal representatives, successors and assigns, expressly waives presentment, protest,
            demand, notice of dishonor, notice of nonpayment, notice of maturity, notice of
            protest, presentment for the purpose of accelerating maturity, and diligence in
            collection, and consents that the
            Lender
            may extend the time for payment or
            otherwise modify the terms of payment or any part or the whole of the Loan Amount. To
            the fullest extent permitted by law, the Borrower waives the statute of limitations in
            any action brought by the
            Lender
            in connection with this Pre Bridge
            Agreement and the right to a trial by jury.

            
             

            
             

            

            

            Information
            contained in this document is proprietary and not to be disclosed without written
            permission from

            IPtimize, Inc.

            2135 S. Cherry St, Ste. 200; Denver, CO 80222

            303-268-3600 (Main) 303-268-3639 (Fax)

            
            

            

            
            

            
             

            

            
            7.     
            Assignments
            . Neither Party shall assign or
            transfer any rights or obligations hereunder, except that, (i) the Borrower may assign
            or transfer this Agreement to a successor corporation in the event of a merger,
            consolidation, transfer, or sale of all or substantially all of the assets of the
            Borrower, provided that no such assignment shall relieve the Borrower from liability
            for the obligations assumed by it hereunder; and (ii) any
            Lender
            may assign or transfer this
            Agreement to any firm which is an affiliate of the
            Lender
            provided that no such assignment
            shall relieve the
            Lender
            from liability for his obligations
            hereunder.

            

            

            
            8.     
            Entire
            Agreement. Each Party
            hereby covenants that this Agreement is intended to and does contain and embody all of
            the understandings and agreements, both written or oral, of the Parties with respect to
            the subject matter of this Agreement, and that there exists no oral agreement or
            understanding, expressed or implied, whereby the absolute, final and unconditional
            character and nature of this Agreement shall be in any way invalidated or affected.
            There are no representations, warranties or covenants other than those set forth in
            this Agreement.

            

            
                  
             9.     
            Binding
            Arbitration
            . The Parties
            agrees that any and all disputes that arise out of this Agreement shall be submitted to
            and resolved through final and binding arbitration in the
            City of
            Denver,
            State of Colorado,
            , in accordance with the rules and regulations of the American Arbitration Association.
            In such event, the Parties shall split the cost of any arbitration filing and hearing
            fees and the cost of the arbitrator. Each Party will bear its own attorneys' fees, and
            the arbitrator will not have authority to award attorneys' fees unless a statutory
            section at issue in the dispute authorizes the award of attorneys' fees to the
            prevailing Party, in which case the arbitrator has authority to make such award as
            permitted by the statute in question. The arbitration shall be instead of any civil
            litigation; therefore, the Parties hereby waive any right to a trial, and agree that
            the arbitrator's decision shall be final and binding to the fullest extent permitted by
            law and enforceable by any court having jurisdiction thereof. The Parties shall accept
            the verdict or decision of the arbitrator and indemnify and hold the prevailing Party
            harmless from any and all liability arising out of the subject matter of the
            arbitration.

            

            
            10.     
            Facsimile Signatures and
            Counterparts. Facsimile
            signatures on this Agreement shall be sufficient and acceptable to bind the Parties and
            for execution of this Agreement. This Agreement shall only be effective and binding
            when executed by both Parties hereto. This Agreement may be executed in counterparts,
            each of which so executed shall be deemed an original and constitute one and the same
            agreement.

            

            
            11.     
            Notices
            . Any notice required or
            contemplated by this Agreement shall be deemed sufficiently given when delivered in
            person, transmitted by facsimile (if followed by a copy by mail within three (3)
            business days) or sent by registered or certified mail or priority overnight package
            delivery service to the principal office of the Party entitled to notice or at such
            other address as the same may designate in a notice for that purpose. All notices shall
            be deemed to have been made upon receipt, in the case of mail, personal delivery or
            facsimile, or on the next business day, in the case of priority overnight package
            delivery service. Such notices shall be addressed and sent or delivered to the Parties
            at the addresses set forth in the first paragraph of this Agreement, or to such other
            address of which a Party may notify the other Party in writing.

            
             

            
             

            

            
            Information contained in this
            document is proprietary and not to be disclosed without written permission from

            IPtimize, Inc.

            2135 S. Cherry St, Ste. 200; Denver, CO 80222

            
            303-268-3600 (Main) 303-268-3639
            (Fax)

            
            

            

            
            

            
             

            

            
            12.     Modification,
            Waiver and Amendment. A modification or waiver of any of the provisions of this
            Agreement shall be effective only if made in writing and executed with the same
            formality as this Agreement. The failure of any Party to insist upon strict performance
            of any of the provisions of this Agreement shall not be construed as a waiver of any
            subsequent default of the same or similar nature or of any other nature. No Party may
            or shall amend this Agreement, in whole or in part, verbally, by reliance, by course of
            conduct or otherwise, unless expressly and specifically acknowledged in writing and
            signed by both the Borrower and the
            Lender
            .

            

            
            IN WITNESS
            WHEREOF,
            the Parties have executed this
            Agreement as of the date above set forth.

            

            
             
            IPtimize, Inc.

            

            
            By:
            _______________
            ______________

            
            Clinton J. Wilson,
            President

            

            
            _____________
            ________________

            
            

             

             ______________________________

            

             

            
            F
            irst Capital Business Development, LLC

            
            (As to its obligations under Section
            1.5 only)

            

            
            By:
            ____________
            ________________

            
            Gary J. Graham, Manager

             

            
             

            

            

            Information
            contained in this document is proprietary and not to be disclosed without written
            permission from

            IPtimize, Inc.

            2135 S. Cherry St, Ste. 200; Denver, CO 80222

            303-268-3600 (Main) 303-268-3639 (Fax)Exhibit
            10.14

            

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

            	
                    	
                    
	
                    No.

                    Issue Date: 	Right to
                    Purchase ____________ shares of Common Stock of IPtimize, Inc.

                    (subject to adjustment as provided herein) 

            

            

            COMMON STOCK
            PURCHASE WARRANT

            

            
                    IPtimize,
            Inc., a corporation organized under the laws of the State of Minnesota (the
            “Company”), hereby certifies that, for value received, __
            _______  or its assigns (the “Holder”), is entitled, subject
            to the terms set forth below, to purchase from the Company at any time after the Issue
            Date until 5:00 p.m., E.S.T. on the _ _______ anniversary of the Issue
            Date (the “Expiration Date”), up to  _________ fully
            paid and nonassessable shares of Common Stock at a per share purchase price of $
            ____. The aforedescribed purchase price per share, as adjusted from time to
            time as herein provided, is referred to herein as the “Purchase Price.” The
            number and character of such shares of Common Stock and the Purchase Price are subject
            to adjustment as provided herein. The Company may reduce the Purchase Price without the
            consent of the Holder.

            

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

            

                
                 (a)         The
            term “Common Stock” shall mean the Company’s Common Stock, par value
            of $0.001 per share.

            

                
                 (b)        The
            term “Other Securities” refers to any stock (other than Common Stock) and
            other securities of the Company or any other person (corporate or otherwise) which the
            holder of the Warrant at any time shall be entitled to receive, or shall have received,
            on the exercise of the Warrant, in lieu of or in addition to Common Stock, or which at
            any time shall be issuable or shall have been issued in exchange for or in replacement
            of Common Stock or Other Securities pursuant to Section 5 or otherwise.

            

                
            (c)        The term “Warrant
            Shares” shall mean the Common Stock issuable upon exercise of this
            Warrant.

            

            	
                      	1.
                    	Exercise
                    of Warrant. 

            

            

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

            

                
                      
                      1.2.        
            Full Exercise.    This Warrant may be exercised in full by the
            Holder hereof by delivery of an original or facsimile copy of the form of subscription
            attached as Exhibit A hereto (the “Subscription Form”) duly executed
            by such Holder and surrender of the original Warrant within five (5) business days of
            exercise, to the Company at its principal office or at the office of its Warrant Agent
            (as provided hereinafter), accompanied by payment, in cash, wire transfer or by
            certified or official bank check payable to the order of the Company, in the amount
            obtained by multiplying the number of shares of Common Stock for which this Warrant is
            then exercisable by the Purchase Price then in effect.

            

            1

            
            

            
            

            

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

            

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

            

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

            

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

            

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

            

                
                      
                      1.5.        
            Delivery of Stock Certificates, etc. on Exercise.   The Company agrees
            that the shares of Common Stock purchased upon exercise of this Warrant shall be deemed
            to be issued to the Holder hereof as the record owner of such shares as of the close of
            business on the date on which this Warrant shall have been surrendered and payment made
            for such shares as aforesaid. As soon as practicable after the exercise of this Warrant
            in full or in part, and in any event within seven (7) business days thereafter, the
            Company will cause to be issued in the name of and delivered to the Holder hereof, or
            as such Holder (upon payment by such Holder of any applicable transfer taxes) may
            direct in compliance with applicable securities laws, a certificate or certificates for
            the number of duly and validly issued, fully paid and nonassessable shares of Common
            Stock (or Other Securities) to which such Holder shall be entitled on such
            exercise.

            

            	
                      	2.
                    	
                    Adjustment for
                    Reorganization, Consolidation, Merger, etc. 

            

            

                
                      
                      2.1.        
            Reorganization, Consolidation, Merger, etc.   In case at any time or from
            time to time, the Company shall (a) effect a reorganization, (b) consolidate
            with or merge into any other person or (c) transfer all or substantially all of
            its properties or assets to any other person under any plan or arrangement
            contemplating the dissolution of the Company, then, in each such case, as a condition
            to the consummation of such a transaction, proper and adequate provision shall be made
            by the Company whereby the Holder of this Warrant, on the exercise hereof as provided
            in Section 1, at any time after the consummation of such reorganization,
            consolidation or merger or the effective date of such dissolution, as the case may be,
            shall receive, in lieu of the Common Stock (or Other Securities) issuable on such
            exercise prior to such consummation or such effective date, the stock and other
            securities and property (including cash) to which such Holder would have been entitled
            upon such consummation or in connection with such dissolution, as the case may be, if
            such Holder had so exercised this Warrant, immediately prior thereto, all subject to
            further adjustment thereafter as provided in Section 3.

            

                
                      
                      2.2.        
            Continuation of Terms.   Upon any reorganization, consolidation, merger
            or transfer referred to in this Section 2, this Warrant shall continue in full
            force and effect and the terms hereof shall be applicable to the Other Securities and
            property receivable on the exercise of this Warrant after the consummation of such
            reorganization, consolidation or merger, as the case may be, and shall be binding upon
            the issuer of any Other Securities, including, in the case of any such transfer, the
            person acquiring all or substantially all of the properties or assets of the Company,
            whether or not such person shall have expressly assumed the terms of this Warrant as
            provided in Section 4.

            

            2

            
            

            
            

            

                
                      3.
                      
                        Extraordinary
            Events Regarding Common Stock.   In the event that the Company shall
            (a) issue additional shares of the Common Stock as a dividend or other
            distribution on outstanding Common Stock, (b) subdivide its outstanding shares of
            Common Stock, or (c) combine its outstanding shares of the Common Stock into a
            smaller number of shares of the Common Stock, then, in each such event, the Purchase
            Price shall, simultaneously with the happening of such event, be adjusted by
            multiplying the then Purchase Price by a fraction, the numerator of which shall be the
            number of shares of Common Stock outstanding immediately prior to such event and the
            denominator of which shall be the number of shares of Common Stock outstanding
            immediately after such event, and the product so obtained shall thereafter be the
            Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted
            in the same manner upon the happening of any successive event or events described
            herein in this Section 3. The number of shares of Common Stock that the Holder of
            this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be
            entitled to receive shall be adjusted to a number determined by multiplying the number
            of shares of Common Stock that would otherwise (but for the provisions of this
            Section 3) be issuable on such exercise by a fraction of which (a) the
            numerator is the Purchase Price that would otherwise (but for the provisions of this
            Section 4) be in effect, and (b) the denominator is the Purchase Price in
            effect on the date of such exercise.

            

                
                      4.
                                  
            Certificate as to Adjustments.   In each case of any adjustment or
            readjustment in the shares of Common Stock (or Other Securities) issuable on the
            exercise of the Warrants, the Company will promptly cause its Chief Financial Officer
            or other appropriate designee to compute such adjustment or readjustment in accordance
            with the terms of the Warrant and prepare a certificate setting forth such adjustment
            or readjustment and showing in detail the facts upon which such adjustment or
            readjustment is based, including a statement of (a) the number of shares of Common
            Stock (or Other Securities) outstanding or deemed to be outstanding, and (b) the
            Purchase Price and the number of shares of Common Stock to be received upon exercise of
            this Warrant, in effect immediately prior to such adjustment or readjustment and as
            adjusted or readjusted as provided in this Warrant. The Company will forthwith mail a
            copy of each such certificate to the Holder of the Warrant.

            

                
                      5.
                                  
            Reservation of Stock.   The Company will at all times reserve and keep
            available, solely for issuance and delivery on the exercise of the Warrants, all shares
            of Common Stock (or Other Securities) from time to time issuable on the exercise of the
            Warrant.

            

                
                      6.
                                  
            Assignment; Exchange of Warrant.   Subject to compliance with applicable
            securities laws, this Warrant, and the rights evidenced hereby, may be transferred by
            any registered holder hereof (a “Transferor”). On the surrender for
            exchange of this Warrant, with the Transferor’s endorsement in the form of
            Exhibit B attached hereto (the “Transferor Endorsement Form”) and
            together with an opinion of counsel reasonably satisfactory to the Company that the
            transfer of this Warrant will be in compliance with applicable securities laws, the
            Company at its expense, twice, only, but with payment by the Transferor of any
            applicable transfer taxes, will issue and deliver to or on the order of the Transferor
            thereof a new Warrant or Warrants of like tenor, in the name of the Transferor and/or
            the transferee(s) specified in such Transferor Endorsement Form (each a
            “Transferee”), calling in the aggregate on the face or faces thereof for
            the number of shares of Common Stock called for on the face or faces of the Warrant so
            surrendered by the Transferor.

            

                
                      7.
                                  
            Replacement of Warrant.   On receipt of evidence reasonably satisfactory
            to the Company of the loss, theft, destruction or mutilation of this Warrant and, in
            the case of any such loss, theft or destruction of this Warrant, on delivery of an
            indemnity agreement or security reasonably satisfactory in form and amount to the
            Company or, in the case of any such mutilation, on surrender and cancellation of this
            Warrant, the Company at its expense, twice only, will execute and deliver, in lieu
            thereof, a new Warrant of like tenor.

            

            3

            
            

            
            

            

                
                      8.
                        Transfer on
            the Company’s Books.   Until this Warrant is transferred on the
            books of the Company, the Company may treat the registered holder hereof as the
            absolute owner hereof for all purposes, notwithstanding any notice to the
            contrary.

            

                
                      9.
                        Notices.  
            All notices, demands, requests, consents, approvals, and other communications required
            or permitted hereunder shall be in writing and, unless otherwise specified herein,
            shall be (i) personally served, (ii) deposited in the mail, registered or certified,
            return receipt requested, postage prepaid, (iii) delivered by reputable air courier
            service with charges prepaid, or (iv) transmitted by hand delivery, telegram, or
            facsimile, addressed as set forth below or to such other address as such party shall
            have specified most recently by written notice. Any notice or other communication
            required or permitted to be given hereunder shall be deemed effective (a) upon hand
            delivery or delivery by facsimile, with accurate confirmation generated by the
            transmitting facsimile machine, at the address or number designated below (if delivered
            on a business day during normal business hours where such notice is to be received), or
            the first business day following such delivery (if delivered other than on a business
            day during normal business hours where such notice is to be received) or (b) on the
            second business day following the date of mailing by express courier service, fully
            prepaid, addressed to such address, or upon actual receipt of such mailing, whichever
            shall first occur. The addresses for such communications shall be: (i) if to the
            Company to: IPtimize, Inc.,  4949 S. Syracuse Street, Suite 450, Denver,
            Colorado 80237. Attn: Christopher M. Reim, telecopier number: (303) 268-3639, with a
            copy by telecopier only to: Berkman, Henoch, Peterson & Peddy, P.C., Attn: Jeffrey
            M. Stein, Esq., telecopier number: (516) 222-6209, and (ii) if to the Holder, to the
            address and telecopier number listed on the first paragraph of this Warrant.

            

                
                      10.  
                       Miscellaneous.  
            This Warrant and any term hereof may be changed, waived, discharged or terminated only
            by an instrument in writing signed by the party against which enforcement of such
            change, waiver, discharge or termination is sought. This Warrant shall be construed and
            enforced in accordance with and governed by the laws of Colorado. Any dispute relating
            to this Warrant shall be adjudicated in the City and County of Denver in the State of
            Colorado. The headings in this Warrant are for purposes of reference only, and shall
            not limit or otherwise affect any of the terms hereof. The invalidity or
            unenforceability of any provision hereof shall in no way affect the validity or
            enforceability of any other provision.

            

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

            	
                    	
                    
	
                    	IPtimize,
                    Inc.

                    

                    

                    By: ___________________________

                          Clint J. Wilson

                          President and Chief Executive
                    Officer 

            

            

            

            4

            
            

            
            

            

            Exhibit
            A

            

            FORM OF
            SUBSCRIPTION

            (to be signed only on exercise of Warrant)

            

            TO: IPtimize,
            Inc.

            

            The undersigned, pursuant to the
            provisions set forth in the attached Warrant (No._____________), hereby irrevocably
            elects to purchase __________________ shares of Common Stock, par value $.001
            per share (the “Common Stock”) of IPtimize, Inc., pursuant to the terms of
            the attached Warrant.

            

            The undersigned herewith makes
            payment (in lawful money of the United States) of the full purchase price for such
            shares at the price per share provided for in such Warrant, which is
            $______________________.

            

            The undersigned requests that
            the certificates for such shares be issued in the name of, and delivered to:
            __________________________________________________________________________, whose
            address is
            _______________________________________________________________________.

            

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

            	
                    	
                    
	Dated:
                    ___________________ 	
                    ________________________________________

                    (Signature must conform to name of holder as

                    specified on the face of the Warrant)

                     

                      

                     ________________________________________

                     

                     ________________________________________

                    (Address) 

            

            

            

            

            5

            
            

            
            

            

            Exhibit
            B

            

            FORM OF
            TRANSFEROR ENDORSEMENT

            (To be signed only on transfer of Warrant)

            

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

            	
                    	
                    	
                    
	
                    Transferees 	Percentage
                    Transferred 	Number
                    Transferred 

            

            

            

            

            

            	
                    	
                    
	Dated:
                    ______________, ____________ 	
                     __________________________________________________

                    (Signature must conform to name of holder as specified on the face of the
                    warrant) 

            

            

            Signed in the presence
            of:

            	
                    	
                    
	
                    ____________________________

                    (Name)

                                                

                                                 

                     ACCEPTED AND AGREED:

                    [TRANSFEREE]

                                                

                      

                     ____________________________

                    (Name) 	
                    __________________________________________________

                    __________________________________________________

                    (address)

                     

                     __________________________________________________

                    __________________________________________________

                    (address)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00130-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00130-of-00352.parquet"}]]