Document:

Exhibit 4.1 - Form of Series A Warrant

NEITHER THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS
CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE
EXERCISABLE HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED, OR APPLICABLE STATE SECURITIES LAWS.  THE SECURITIES MAY NOT
BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE
OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE
SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH
COUNSEL SHALL BE SELECTED BY THE HOLDER), IN A GENERALLY ACCEPTABLE
FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS
SOLD PURSUANT TO RULE 144 OR RULE 144A UNDER SAID ACT.  NOTWITHSTANDING
THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA
FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY
THE SECURITIES.

                                    Right to Purchase ________ shares
                                    of Common Stock of AirtimeDSL
                                    (subject to adjustment as provided
                                    herein)

                CLASS A COMMON STOCK PURCHASE WARRANT

No. ______                                  Issue Date: March ___, 2009

AIRTIMEDSL, a corporation organized under the laws of the State of
Nevada (the "Company"), hereby certifies that, for value received,
WHALEHAVEN CAPITAL FUND LIMITED, 560 Sylvan Avenue, Englewood Cliffs,
NJ 07632, Fax: (201) 586-0258, 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
fifth 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 $0.30.  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 for some
or all of the Warrants, temporarily or permanently, provided such
reduction is made as to all outstanding Warrants for all Holders of
such Warrants.  Capitalized terms used and not otherwise defined herein
shall have the meanings set forth in that certain Subscription
Agreement (the "Subscription Agreement"), dated as of March ___, 2009,
entered into by the Company and the Holder.

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

(a) The term "Company" shall mean AirtimeDSL, a Nevada corporation,
and any corporation which shall succeed or assume the obligations of
AirtimeDSL hereunder.

(b) The term "Common Stock" includes (i) the Company's Common Stock,
$0.001 par value per share, as authorized on the date of the
Subscription Agreement, and (ii) any other securities into which or for
which any of the securities described in (i) may be converted or
exchanged pursuant to a plan of recapitalization, reorganization,
merger, sale of assets or otherwise.

(c) The term "Other Securities" refers to any 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
4 herein or otherwise.

(d) 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 delivery within two days thereafter of
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.  The original
Warrant is not required to be surrendered to the Company until it has
been fully exercised.

1.3. Partial Exercise.  This Warrant may be exercised in part (but not
for a fractional share) by delivery of a Subscription Form 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 provided
the Holder has surrendered the original Warrant, 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 NASDAQ Global Market, NASDAQ Global Select Market, the NASDAQ
Capital Market, the New York Stock Exchange or the American Stock
Exchange, LLC, then the average of the closing sale prices of the
Common Stock for the five (5) Trading Days immediately prior to (but
not including) the Determination Date;

(b) If the Company's Common Stock is not traded on an exchange or on
the NASDAQ Global Market, NASDAQ Global Select Market, the NASDAQ
Capital Market, the New York Stock Exchange or the American Stock
Exchange, Inc., but is traded on the OTC Bulletin Board or in the over-
the-counter market or Pink Sheets, then the average of the closing bid
and ask prices reported for the five (5) Trading Days immediately prior
to (but not including) the Determination Date;

(c) Except as provided in clause (d) below and Section 3.1, if the
Company's Common Stock is not publicly traded, then as the Holder and
the Company agree, or in the absence of such an agreement, by
arbitration in accordance with the rules then standing of the American
Arbitration Association, before a single arbitrator to be chosen from a
panel of persons qualified by education and training to pass on the
matter to be decided; or

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

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

1.6. Delivery of Stock Certificates, etc. on Exercise. The Company
agrees that, provided the full purchase price listed in the
Subscription Form is received as specified in Section 1.2, 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 delivery of a
Subscription Form shall have occurred and payment made for such shares
as aforesaid. As soon as practicable after the exercise of this Warrant
in full or in part, and in any event within three (3) business days
thereafter ("Warrant Share Delivery Date"), the Company at its expense
(including the payment by it of any applicable issue taxes) will cause
to be issued in the name of and delivered to the Holder hereof, or as
such Holder (upon payment by such Holder of any applicable transfer
taxes) may direct in compliance with applicable securities laws, a
certificate or certificates for the number of duly and validly issued,
fully paid and non-assessable shares of Common Stock (or Other
Securities) to which such Holder shall be entitled on such exercise,
plus, in lieu of any fractional share to which such Holder would
otherwise be entitled, cash equal to such fraction multiplied by the
then Fair Market Value of one full share of Common Stock, together with
any other stock or other securities and property (including cash, where
applicable) to which such Holder is entitled upon such exercise
pursuant to Section 1 or otherwise.  The Company understands that a
delay in the delivery of the Warrant Shares after the Warrant Share
Delivery Date could result in economic loss to the Holder.  As
compensation to the Holder for such loss, the Company agrees to pay (as
liquidated damages and not as a penalty) to the Holder for late
issuance of Warrant Shares upon exercise of this Warrant the
proportionate amount of $100 per business day after the Warrant Share
Delivery Date for each $10,000 of Purchase Price of Warrant Shares for
which this Warrant is exercised which are not timely delivered, not to
exceed a maximum amount of liquidated damages of 15% of the Purchase
Price of the Warrant Shares..  The Company shall pay any payments
incurred under this Section in immediately available funds upon demand.
Furthermore, in addition to any other remedies which may be available
to the Holder, in the event that the Company fails for any reason to
effect delivery of the Warrant Shares by the Warrant Share Delivery
Date, the Holder may revoke all or part of the relevant Warrant
exercise by delivery of a notice to such effect to the Company,
whereupon the Company and the Holder shall each be restored to their
respective positions immediately prior to the exercise of the relevant
portion of this Warrant, except that the liquidated damages described
above shall be payable through the date notice of revocation or
rescission is given to the Company.

1.7. Buy-In.   In addition to any other rights available to the Holder,
if the Company fails to deliver to a Holder the Warrant Shares as
required pursuant to this Warrant, within seven (7) business days after
the Warrant Share Delivery Date and the Holder or a broker on the
Holder's behalf, purchases (in an open market transaction or otherwise)
shares of common stock to deliver in satisfaction of a sale by such
Holder of the Warrant Shares which the Holder was entitled to receive
from the Company (a "Buy-In"), then the Company shall pay in cash to
the Holder (in addition to any remedies available to or elected by the
Holder) the amount by which (A) the Holder's total purchase price
(including brokerage commissions, if any) for the shares of common
stock so purchased exceeds (B) the aggregate Purchase Price of the
Warrant Shares required to have been delivered together with interest
thereon at a rate of 15% per annum, accruing until such amount and any
accrued interest thereon is paid in full (which amount shall be paid as
liquidated damages and not as a penalty).  For example, if a Holder
purchases shares of Common Stock having a total purchase price of
$11,000 to cover a Buy-In with respect to $10,000 of Purchase Price of
Warrant Shares to have been received upon exercise of this Warrant, the
Company shall be required to pay the Holder $1,000, plus interest. The
Holder shall provide the Company written notice indicating the amounts
payable to the Holder in respect of the Buy-In.

2. Cashless Exercise.

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

(b) Subject to the provisions herein to the contrary, if the Fair
Market Value of one share of Common Stock is greater than the Purchase
Price (at the date of calculation as set forth below), in lieu of
exercising this Warrant for cash, the holder may elect to receive
shares equal to the value (as determined below) of this Warrant (or the
portion thereof being cancelled) by delivery of a properly endorsed
Subscription Form delivered to the Company by any means described in
Section 13, in which event the Company shall issue to the holder a
number of shares of Common Stock computed using the following formula:

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

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

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

                A=Fair Market Value

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

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

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

3.1. Fundamental Transaction.  If, at any time while this Warrant is
outstanding, (A) the Company effects any merger or  consolidation  of
the Company with or into another entity, (B) the Company effects any
sale of all or substantially all of its assets in one or a series of
related transactions,  (C) any tender offer or exchange offer (whether
by the Company or another entity) is completed pursuant to which
holders of Common Stock are permitted to tender or exchange their
shares for other securities, cash or property, (D) the Company
consummates a stock purchase agreement or other business combination
(including, without limitation, a reorganization, recapitalization, or
spin-off) with one or more persons or entities whereby such other
persons or entities acquire more than the 50% of the outstanding shares
of Common Stock (not including any shares of Common Stock held by such
other persons or entities making or party to, or associated or
affiliated with the other persons or entities making or party to, such
stock purchase agreement or other business combination), (E) any
"person" or "group" (as these terms are used for purposes of Sections
13(d) and 14(d) of the 1934 Act) is or shall become the "beneficial
owner" (as defined in Rule 13d-3 under the 1934 Act), directly or
indirectly, of 50% of the aggregate Common Stock of the Company, or (F)
the Company effects any reclassification of the Common Stock or any
compulsory share exchange pursuant to which the Common Stock is
effectively converted into or exchanged for other securities, cash or
property (in any such case, a "Fundamental  Transaction"), then, upon
any subsequent exercise of this Warrant, the Holder shall have the
right to receive, for each Warrant Share that would have been issuable
upon such exercise immediately prior to the occurrence of such
Fundamental Transaction, at the option of the Holder, (a) upon exercise
of this Warrant, the number of shares of Common Stock of the successor
or acquiring corporation or of the Company, if it is the surviving
corporation, and any additional consideration (the "Alternate
Consideration") 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 or (b) if the Company is
acquired in (1) a transaction where the consideration paid to the
holders of the Common Stock consists solely of cash, (2) a "Rule 13e-3
transaction" as defined in Rule 13e-3 under the 1934 Act, or (3) a
transaction involving a person or entity not traded on a national
securities exchange, the Nasdaq Global Select Market, the Nasdaq Global
Market or the Nasdaq Capital Market, cash equal to the Black-Scholes
Value.  For purposes of any such exercise, the determination of the
Purchase Price shall be appropriately adjusted to apply to such
Alternate Consideration based on the amount of Alternate Consideration
issuable in respect of one share of Common Stock in such fundamental
Transaction, and the Company shall apportion the Purchase Price among
the Alternate Consideration in a reasonable manner reflecting the
relative value of any different components of the Alternate
Consideration.  If holders of Common Stock are given any choice as to
the securities, cash or property to be received in a Fundamental
Transaction, then the Holder shall be given the same choice as to the
Alternate Consideration it receives upon any exercise of this Warrant
following such Fundamental Transaction.  To the extent necessary to
effectuate the foregoing provisions, any successor to the Company or
surviving entity in such Fundamental Transaction shall issue to the
Holder a new warrant consistent with the foregoing provisions and
evidencing the Holder's right to exercise such warrant into Alternate
Consideration.  The terms of any agreement pursuant to which a
Fundamental Transaction is effected shall include terms requiring any
such successor or surviving entity to comply with the provisions of
this Section 3.1 and insuring that this Warrant (or any such
replacement security) will be similarly adjusted upon any subsequent
transaction analogous to a Fundamental Transaction.  "Black-Scholes
Value" shall be determined in accordance with the Black-Scholes Option
Pricing Model obtained from the "OV" function on Bloomberg L.P. using
(i) a price per share of Common Stock equal to the VWAP of the Common
Stock for the Trading Day immediately preceding the date of
consummation of the applicable Fundamental Transaction, (ii) a risk-
free interest rate corresponding to the U.S. Treasury rate for a period
equal to the remaining term of this Warrant as of the date of such
request and (iii) an expected volatility equal to the 100 day
volatility obtained from the HVT function on Bloomberg L.P. determined
as of the Trading Day immediately following the public announcement of
the applicable Fundamental Transaction.

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

3.3 Share Issuance.  Until the Expiration Date, if the Company shall
issue any Common Stock except for the Excepted Issuances (as defined in
the Subscription Agreement), prior to the complete exercise of this
Warrant for a consideration less than the Purchase Price that would be
in effect at the time of such issuance, then, and thereafter
successively upon each such issuance, the Purchase Price shall be
reduced to such other lower price for then outstanding Warrants.  For
purposes of this adjustment, the issuance of any security or debt
instrument of the Company carrying the right to convert such security
or debt instrument into Common Stock or of any warrant, right or option
to purchase Common Stock shall result in an adjustment to the Purchase
Price upon the issuance of the above-described security, debt
instrument, warrant, right, or option if such issuance is at a price
lower than the Purchase Price in effect upon such issuance and again at
any time upon any subsequent issuances of shares of Common Stock upon
exercise of such conversion or purchase rights if such issuance is at a
price lower than the Purchase Price in effect upon such issuance.
Common Stock issued or issuable by the Company for no consideration
will be deemed issuable or to have been issued for $0.001 per share of
Common Stock.  Upon any reduction of the Purchase Price, the number of
shares of Common Stock that the Holder of this Warrant shall
thereafter, on the exercise hereof, 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 3.3) 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 3.3) be in effect, and (b) the denominator
is the Purchase Price in effect on the date of such exercise.

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

5. Certificate as to Adjustments.  In each case of any adjustment or
readjustment in the shares of Common Stock (or Other Securities)
issuable on the exercise of the Warrants, the Company at its expense
will promptly cause its Chief Financial Officer or other appropriate
designee to compute such adjustment or readjustment in accordance with
the terms of 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 consideration received or receivable by the Company for any
additional shares of Common Stock (or Other Securities) issued or sold
or deemed to have been issued or sold, (b) the number of shares of
Common Stock (or Other Securities) outstanding or deemed to be
outstanding, and (c) the Purchase Price and the number of shares of
Common Stock to be received upon exercise of this Warrant, in effect
immediately prior to such adjustment or readjustment and as adjusted or
readjusted as provided in this Warrant. The Company will forthwith mail
a copy of each such certificate to the Holder of the Warrant and any
Warrant Agent of the Company (appointed pursuant to Section 11 hereof).

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

7. Assignment; Exchange of Warrant.  Subject to compliance with
applicable securities laws, this Warrant, and the rights evidenced
hereby, may be transferred by any registered holder hereof (a
"Transferor"). On the surrender for exchange of this Warrant, with the
Transferor's endorsement in the form of Exhibit B attached hereto (the
"Transferor Endorsement Form") and together with an opinion of counsel
reasonably satisfactory to the Company that the transfer of this
Warrant will be in compliance with applicable securities laws, the
Company 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.

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

9. Registration Rights.  The Holder of this Warrant has been granted
certain registration rights by the Company.  These registration rights
are set forth in the Subscription Agreement.  The terms of the
Subscription Agreement are incorporated herein by this reference.

10. Maximum Exercise.  The Holder shall not be entitled to exercise
this Warrant on an exercise date, in connection with that number of
shares of Common Stock which would be in excess of the sum of (i) the
number of shares of Common Stock beneficially owned by the Holder and
its affiliates on an exercise date, and (ii) the number of shares of
Common Stock issuable upon the exercise of this Warrant with respect to
which the determination of this limitation is being made on an exercise
date, which would result in beneficial ownership by the Holder and its
affiliates of more than 4.99% of the outstanding shares of Common Stock
on such date.  For the purposes of the immediately preceding sentence,
beneficial ownership shall be determined in accordance with Section
13(d) of the 1934 Act and Rule 13d-3 thereunder.  Subject to the
foregoing, the Holder shall not be limited to aggregate exercises which
would result in the issuance of more than 4.99%.  The restriction
described in this paragraph may be waived, in whole or in part, upon
sixty-one (61) days prior notice from the Holder to the Company to
increase such percentage to up to 9.99%, but not in excess of 9.99%.
The Holder may decide whether to convert a Convertible Note or exercise
this Warrant to achieve an actual 4.99% or up to 9.99% ownership
position as described above, but not in excess of 9.99%.

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

12.	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.

13. 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:

If to the Company, to:
AirtimeDSL
Attn: Thomas J. Irvine, CEO
2920 N. Green Valley Pkwy, Suite 321
Henderson, NV 89014
facsimile: (561) 852 -2322

With a copy by fax only to (which copy shall not constitute notice):

Tag Industries, Inc.
102 NE 2nd Street #400
Boca Raton, Florida 33432
Attn: Thomas J. Irvine, CEO
Facsimile: (561) 852-2322

With a copy by fax only to (which copy shall not constitute notice):
Anslow & Jaclin LLP
Attn: Joseph M. Lucosky, Esq.
195 Route 9 South, Suite 204
Manalapan, NJ 07726
facsimile: (732) 577-1188

If to the Holder:
To the address and facsimile number listed on the first paragraph of
this Warrant

With a copy by fax only to (which copy shall not constitute notice):
Grushko & Mittman, P.C.
Attn: Ed Grushko, Esq.
551 Fifth Avenue, Suite 1601
New York, New York 10176
facsimile: (212) 697-3575

14. Law Governing This Warrant.  This Warrant shall be governed by and
construed in accordance with the laws of the State of New York without
regard to principles of conflicts of laws.  Any action brought by
either party against the other concerning the transactions contemplated
by this Warrant shall be brought only in the state courts of New York
or in the federal courts located in the state and county of New York.
The parties to this Warrant hereby irrevocably waive any objection to
jurisdiction and venue of any action instituted hereunder and shall not
assert any defense based on lack of jurisdiction or venue or based upon
forum non conveniens.  The Company and Holder waive trial by jury.  The
prevailing party shall be entitled to recover from the other party its
reasonable attorney's fees and costs.  In the event that any provision
of this Warrant or any other agreement delivered in connection herewith
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 modified to conform with
such statute or rule of law.  Any such provision which may prove
invalid or unenforceable under any law shall not affect the validity or
enforceability of any other provision of any agreement.   Each party
hereby irrevocably waives personal service of process and consents to
process being served in any suit, action or proceeding in connection
with this Agreement or any other Transaction Document by mailing a copy
thereof via registered or certified mail or overnight delivery (with
evidence of delivery) to such party at the address in effect for
notices to it under this Agreement and agrees that such service shall
constitute good and sufficient service of process and notice thereof.
Nothing contained herein shall be deemed to limit in any way any right
to serve process in any other manner permitted by law.

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

                                 AIRTIMEDSL

                                 By:
                                     ---------------------------------
                                     Name:

<PAGE>

                              Exhibit A

                        FORM OF SUBSCRIPTION
              (to be signed only on exercise of Warrant)

TO:  AIRTIMEDSL

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

__  _________ shares of the Common Stock covered by such Warrant; or
__  _________ the maximum number of shares of Common Stock covered by
such Warrant pursuant to the cashless exercise procedure set forth in
Section 2.

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

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

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

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

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

Dated:___________________     _________________________________________
                              (Signature must conform to name of holder
                              as specified on the face of the Warrant)

                              _________________________________________

                              _________________________________________
                              (Address)

<PAGE>

                               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 AIRTIMEDSL, 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 AIRTIMEDSL
with full power of substitution in the premises.

Transferees            Percentage Transferred       Number Transferred
-----------            ----------------------       ------------------

Dated:  ______________, ________     __________________________________
                                     (Signature must conform to name of
                                     holder as specified on the face of
                                     the warrant)

Signed in the presence of:

__________________________      _______________________________________
(Name)
                                _______________________________________
                                (address)

ACCEPTED AND AGREED:            _______________________________________
[TRANSFEREE]
                                _______________________________________
                                (address)

__________________________
(Name)

<PAGE>Exhibit 4.2 - Form of Series B Warrant

NEITHER THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS
CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE
EXERCISABLE HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED, OR APPLICABLE STATE SECURITIES LAWS.  THE SECURITIES MAY NOT
BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE
OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE
SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH
COUNSEL SHALL BE SELECTED BY THE HOLDER), IN A GENERALLY ACCEPTABLE
FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS
SOLD PURSUANT TO RULE 144 OR RULE 144A UNDER SAID ACT.  NOTWITHSTANDING
THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA
FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY
THE SECURITIES.

                                   Right to Purchase ________ shares of
                                   Common Stock of AirtimeDSL (subject
                                   to adjustment as provided herein)

                CLASS B COMMON STOCK PURCHASE WARRANT

No. ______                                  Issue Date: March ___, 2009

AIRTIMEDSL, a corporation organized under the laws of the State of
Nevada (the "Company"), hereby certifies that, for value received,
WHALEHAVEN CAPITAL FUND LIMITED, 560 Sylvan Avenue, Englewood Cliffs,
NJ 07632, Fax: (201) 586-0258, 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
fifth 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 $0.60.  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 for some
or all of the Warrants, temporarily or permanently, provided such
reduction is made as to all outstanding Warrants for all Holders of
such Warrants.  Capitalized terms used and not otherwise defined herein
shall have the meanings set forth in that certain Subscription
Agreement (the "Subscription Agreement"), dated as of March ___, 2009,
entered into by the Company and the Holder.

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

(a) The term "Company" shall mean AirtimeDSL, a Nevada corporation, and
any corporation which shall succeed or assume the obligations of
AirtimeDSL hereunder.

(b) The term "Common Stock" includes (i) the Company's Common Stock,
$0.001 par value per share, as authorized on the date of the
Subscription Agreement, and (ii) any other securities into which or for
which any of the securities described in (i) may be converted or
exchanged pursuant to a plan of recapitalization, reorganization,
merger, sale of assets or otherwise.

(c) The term "Other Securities" refers to any 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
4 herein or otherwise.

(d) 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 delivery within two days thereafter of
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.  The original
Warrant is not required to be surrendered to the Company until it has
been fully exercised.

1.3. Partial Exercise.  This Warrant may be exercised in part (but not
for a fractional share) by delivery of a Subscription Form 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 provided
the Holder has surrendered the original Warrant, 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 NASDAQ Global Market, NASDAQ Global Select Market, the NASDAQ
Capital Market, the New York Stock Exchange or the American Stock
Exchange, LLC, then the average of the closing sale prices of the
Common Stock for the five (5) Trading Days immediately prior to (but
not including) the Determination Date;

(b) If the Company's Common Stock is not traded on an exchange or on
the NASDAQ Global Market, NASDAQ Global Select Market, the NASDAQ
Capital Market, the New York Stock Exchange or the American Stock
Exchange, Inc., but is traded on the OTC Bulletin Board or in the over-
the-counter market or Pink Sheets, then the average of the closing bid
and ask prices reported for the five (5) Trading Days immediately prior
to (but not including) the Determination Date;

(c) Except as provided in clause (d) below and Section 3.1, if the
Company's Common Stock is not publicly traded, then as the Holder and
the Company agree, or in the absence of such an agreement, by
arbitration in accordance with the rules then standing of the American
Arbitration Association, before a single arbitrator to be chosen from a
panel of persons qualified by education and training to pass on the
matter to be decided; or

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

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

1.6. Delivery of Stock Certificates, etc. on Exercise. The Company
agrees that, provided the full purchase price listed in the
Subscription Form is received as specified in Section 1.2, 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 delivery of a
Subscription Form shall have occurred and payment made for such shares
as aforesaid. As soon as practicable after the exercise of this Warrant
in full or in part, and in any event within three (3) business days
thereafter ("Warrant Share Delivery Date"), the Company at its expense
(including the payment by it of any applicable issue taxes) will cause
to be issued in the name of and delivered to the Holder hereof, or as
such Holder (upon payment by such Holder of any applicable transfer
taxes) may direct in compliance with applicable securities laws, a
certificate or certificates for the number of duly and validly issued,
fully paid and non-assessable shares of Common Stock (or Other
Securities) to which such Holder shall be entitled on such exercise,
plus, in lieu of any fractional share to which such Holder would
otherwise be entitled, cash equal to such fraction multiplied by the
then Fair Market Value of one full share of Common Stock, together with
any other stock or other securities and property (including cash, where
applicable) to which such Holder is entitled upon such exercise
pursuant to Section 1 or otherwise.  The Company understands that a
delay in the delivery of the Warrant Shares after the Warrant Share
Delivery Date could result in economic loss to the Holder.  As
compensation to the Holder for such loss, the Company agrees to pay (as
liquidated damages and not as a penalty) to the Holder for late
issuance of Warrant Shares upon exercise of this Warrant the
proportionate amount of $100 per business day after the Warrant Share
Delivery Date for each $10,000 of Purchase Price of Warrant Shares for
which this Warrant is exercised which are not timely delivered, not to
exceed a maximum amount of liquidated damages of 15% of the Purchase
Price of the Warrant Shares..  The Company shall pay any payments
incurred under this Section in immediately available funds upon demand.
Furthermore, in addition to any other remedies which may be available
to the Holder, in the event that the Company fails for any reason to
effect delivery of the Warrant Shares by the Warrant Share Delivery
Date, the Holder may revoke all or part of the relevant Warrant
exercise by delivery of a notice to such effect to the Company,
whereupon the Company and the Holder shall each be restored to their
respective positions immediately prior to the exercise of the relevant
portion of this Warrant, except that the liquidated damages described
above shall be payable through the date notice of revocation or
rescission is given to the Company.

1.7. Buy-In.   In addition to any other rights available to the Holder,
if the Company fails to deliver to a Holder the Warrant Shares as
required pursuant to this Warrant, within seven (7) business days after
the Warrant Share Delivery Date and the Holder or a broker on the
Holder's behalf, purchases (in an open market transaction or otherwise)
shares of common stock to deliver in satisfaction of a sale by such
Holder of the Warrant Shares which the Holder was entitled to receive
from the Company (a "Buy-In"), then the Company shall pay in cash to
the Holder (in addition to any remedies available to or elected by the
Holder) the amount by which (A) the Holder's total purchase price
(including brokerage commissions, if any) for the shares of common
stock so purchased exceeds (B) the aggregate Purchase Price of the
Warrant Shares required to have been delivered together with interest
thereon at a rate of 15% per annum, accruing until such amount and any
accrued interest thereon is paid in full (which amount shall be paid as
liquidated damages and not as a penalty).  For example, if a Holder
purchases shares of Common Stock having a total purchase price of
$11,000 to cover a Buy-In with respect to $10,000 of Purchase Price of
Warrant Shares to have been received upon exercise of this Warrant, the
Company shall be required to pay the Holder $1,000, plus interest. The
Holder shall provide the Company written notice indicating the amounts
payable to the Holder in respect of the Buy-In.

2. Cashless Exercise.

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

(b) Subject to the provisions herein to the contrary, if the Fair
Market Value of one share of Common Stock is greater than the Purchase
Price (at the date of calculation as set forth below), in lieu of
exercising this Warrant for cash, the holder may elect to receive
shares equal to the value (as determined below) of this Warrant (or the
portion thereof being cancelled) by delivery of a properly endorsed
Subscription Form delivered to the Company by any means described in
Section 13, in which event the Company shall issue to the holder a
number of shares of Common Stock computed using the following formula:

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

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

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

                 A=Fair Market Value

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

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

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

3.1. Fundamental Transaction.  If, at any time while this Warrant is
outstanding, (A) the Company effects any merger or  consolidation  of
the Company with or into another entity, (B) the Company effects any
sale of all or substantially all of its assets in one or a series of
related transactions,  (C) any tender offer or exchange offer (whether
by the Company or another entity) is completed pursuant to which
holders of Common Stock are permitted to tender or exchange their
shares for other securities, cash or property, (D) the Company
consummates a stock purchase agreement or other business combination
(including, without limitation, a reorganization, recapitalization, or
spin-off) with one or more persons or entities whereby such other
persons or entities acquire more than the 50% of the outstanding shares
of Common Stock (not including any shares of Common Stock held by such
other persons or entities making or party to, or associated or
affiliated with the other persons or entities making or party to, such
stock purchase agreement or other business combination), (E) any
"person" or "group" (as these terms are used for purposes of Sections
13(d) and 14(d) of the 1934 Act) is or shall become the "beneficial
owner" (as defined in Rule 13d-3 under the 1934 Act), directly or
indirectly, of 50% of the aggregate Common Stock of the Company, or (F)
the Company effects any reclassification of the Common Stock or any
compulsory share exchange pursuant to which the Common Stock is
effectively converted into or exchanged for other securities, cash or
property (in any such case, a "Fundamental  Transaction"), then, upon
any subsequent exercise of this Warrant, the Holder shall have the
right to receive, for each Warrant Share that would have been issuable
upon such exercise immediately prior to the occurrence of such
Fundamental Transaction, at the option of the Holder, (a) upon exercise
of this Warrant, the number of shares of Common Stock of the successor
or acquiring corporation or of the Company, if it is the surviving
corporation, and any additional consideration (the "Alternate
Consideration") 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 or (b) if the Company is
acquired in (1) a transaction where the consideration paid to the
holders of the Common Stock consists solely of cash, (2) a "Rule 13e-3
transaction" as defined in Rule 13e-3 under the 1934 Act, or (3) a
transaction involving a person or entity not traded on a national
securities exchange, the Nasdaq Global Select Market, the Nasdaq Global
Market or the Nasdaq Capital Market, cash equal to the Black-Scholes
Value.  For purposes of any such exercise, the determination of the
Purchase Price shall be appropriately adjusted to apply to such
Alternate Consideration based on the amount of Alternate Consideration
issuable in respect of one share of Common Stock in such fundamental
Transaction, and the Company shall apportion the Purchase Price among
the Alternate Consideration in a reasonable manner reflecting the
relative value of any different components of the Alternate
Consideration.  If holders of Common Stock are given any choice as to
the securities, cash or property to be received in a Fundamental
Transaction, then the Holder shall be given the same choice as to the
Alternate Consideration it receives upon any exercise of this Warrant
following such Fundamental Transaction.  To the extent necessary to
effectuate the foregoing provisions, any successor to the Company or
surviving entity in such Fundamental Transaction shall issue to the
Holder a new warrant consistent with the foregoing provisions and
evidencing the Holder's right to exercise such warrant into Alternate
Consideration.  The terms of any agreement pursuant to which a
Fundamental Transaction is effected shall include terms requiring any
such successor or surviving entity to comply with the provisions of
this Section 3.1 and insuring that this Warrant (or any such
replacement security) will be similarly adjusted upon any subsequent
transaction analogous to a Fundamental Transaction.  "Black-Scholes
Value" shall be determined in accordance with the Black-Scholes Option
Pricing Model obtained from the "OV" function on Bloomberg L.P. using
(i) a price per share of Common Stock equal to the VWAP of the Common
Stock for the Trading Day immediately preceding the date of
consummation of the applicable Fundamental Transaction, (ii) a risk-
free interest rate corresponding to the U.S. Treasury rate for a period
equal to the remaining term of this Warrant as of the date of such
request and (iii) an expected volatility equal to the 100 day
volatility obtained from the HVT function on Bloomberg L.P. determined
as of the Trading Day immediately following the public announcement of
the applicable Fundamental Transaction.

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

3.3 Share Issuance.  Until the Expiration Date, if the Company shall
issue any Common Stock except for the Excepted Issuances (as defined in
the Subscription Agreement), prior to the complete exercise of this
Warrant for a consideration less than the Purchase Price that would be
in effect at the time of such issuance, then, and thereafter
successively upon each such issuance, the Purchase Price shall be
reduced to such other lower price for then outstanding Warrants.  For
purposes of this adjustment, the issuance of any security or debt
instrument of the Company carrying the right to convert such security
or debt instrument into Common Stock or of any warrant, right or option
to purchase Common Stock shall result in an adjustment to the Purchase
Price upon the issuance of the above-described security, debt
instrument, warrant, right, or option if such issuance is at a price
lower than the Purchase Price in effect upon such issuance and again at
any time upon any subsequent issuances of shares of Common Stock upon
exercise of such conversion or purchase rights if such issuance is at a
price lower than the Purchase Price in effect upon such issuance.
Common Stock issued or issuable by the Company for no consideration
will be deemed issuable or to have been issued for $0.001 per share of
Common Stock.  Upon any reduction of the Purchase Price, the number of
shares of Common Stock that the Holder of this Warrant shall
thereafter, on the exercise hereof, 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 3.3) 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 3.3) be in effect, and (b) the denominator
is the Purchase Price in effect on the date of such exercise.

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

5. Certificate as to Adjustments.  In each case of any adjustment or
readjustment in the shares of Common Stock (or Other Securities)
issuable on the exercise of the Warrants, the Company at its expense
will promptly cause its Chief Financial Officer or other appropriate
designee to compute such adjustment or readjustment in accordance with
the terms of 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 consideration received or receivable by the Company for any
additional shares of Common Stock (or Other Securities) issued or sold
or deemed to have been issued or sold, (b) the number of shares of
Common Stock (or Other Securities) outstanding or deemed to be
outstanding, and (c) the Purchase Price and the number of shares of
Common Stock to be received upon exercise of this Warrant, in effect
immediately prior to such adjustment or readjustment and as adjusted or
readjusted as provided in this Warrant. The Company will forthwith mail
a copy of each such certificate to the Holder of the Warrant and any
Warrant Agent of the Company (appointed pursuant to Section 11 hereof).

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

7. Assignment; Exchange of Warrant.  Subject to compliance with
applicable securities laws, this Warrant, and the rights evidenced
hereby, may be transferred by any registered holder hereof (a
"Transferor"). On the surrender for exchange of this Warrant, with the
Transferor's endorsement in the form of Exhibit B attached hereto (the
"Transferor Endorsement Form") and together with an opinion of counsel
reasonably satisfactory to the Company that the transfer of this
Warrant will be in compliance with applicable securities laws, the
Company 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.

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

9. Registration Rights.  The Holder of this Warrant has been granted
certain registration rights by the Company.  These registration rights
are set forth in the Subscription Agreement.  The terms of the
Subscription Agreement are incorporated herein by this reference.

10. Maximum Exercise.  The Holder shall not be entitled to exercise
this Warrant on an exercise date, in connection with that number of
shares of Common Stock which would be in excess of the sum of (i) the
number of shares of Common Stock beneficially owned by the Holder and
its affiliates on an exercise date, and (ii) the number of shares of
Common Stock issuable upon the exercise of this Warrant with respect to
which the determination of this limitation is being made on an exercise
date, which would result in beneficial ownership by the Holder and its
affiliates of more than 4.99% of the outstanding shares of Common Stock
on such date.  For the purposes of the immediately preceding sentence,
beneficial ownership shall be determined in accordance with Section
13(d) of the 1934 Act and Rule 13d-3 thereunder.  Subject to the
foregoing, the Holder shall not be limited to aggregate exercises which
would result in the issuance of more than 4.99%.  The restriction
described in this paragraph may be waived, in whole or in part, upon
sixty-one (61) days prior notice from the Holder to the Company to
increase such percentage to up to 9.99%, but not in excess of 9.99%.
The Holder may decide whether to convert a Convertible Note or exercise
this Warrant to achieve an actual 4.99% or up to 9.99% ownership
position as described above, but not in excess of 9.99%.

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

12. 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.

13. 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:

If to the Company, to:

AirtimeDSL
Attn: Thomas J. Irvine, CEO
2920 N. Green Valley Pkwy, Suite 321
Henderson, NV 89014
facsimile: (561) 852 -2322

With a copy by fax only to (which copy shall not constitute notice):

Tag Industries, Inc.
102 NE 2nd Street #400
Boca Raton, Florida 33432
Attn: Thomas J. Irvine, CEO
Facsimile: (561) 852-2322

With a copy by fax only to (which copy shall not constitute notice):
Anslow & Jaclin LLP
Attn: Joseph M. Lucosky, Esq.
195 Route 9 South, Suite 204
Manalapan, NJ 07726
facsimile: (732) 577-1188

If to the Holder:
To the address and facsimile number listed on the first paragraph of
this Warrant

With a copy by fax only to (which copy shall not constitute notice):
Grushko & Mittman, P.C.
Attn: Ed Grushko, Esq.
551 Fifth Avenue, Suite 1601
New York, New York 10176
facsimile: (212) 697-3575

14. Law Governing This Warrant.  This Warrant shall be governed by and
construed in accordance with the laws of the State of New York without
regard to principles of conflicts of laws.  Any action brought by
either party against the other concerning the transactions contemplated
by this Warrant shall be brought only in the state courts of New York
or in the federal courts located in the state and county of New York.
The parties to this Warrant hereby irrevocably waive any objection to
jurisdiction and venue of any action instituted hereunder and shall not
assert any defense based on lack of jurisdiction or venue or based upon
forum non conveniens.  The Company and Holder waive trial by jury.  The
prevailing party shall be entitled to recover from the other party its
reasonable attorney's fees and costs.  In the event that any provision
of this Warrant or any other agreement delivered in connection herewith
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 modified to conform with
such statute or rule of law.  Any such provision which may prove
invalid or unenforceable under any law shall not affect the validity or
enforceability of any other provision of any agreement.   Each party
hereby irrevocably waives personal service of process and consents to
process being served in any suit, action or proceeding in connection
with this Agreement or any other Transaction Document by mailing a copy
thereof via registered or certified mail or overnight delivery (with
evidence of delivery) to such party at the address in effect for
notices to it under this Agreement and agrees that such service shall
constitute good and sufficient service of process and notice thereof.
Nothing contained herein shall be deemed to limit in any way any right
to serve process in any other manner permitted by law.

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

                                  AIRTIMEDSL

                                  By:
                                     --------------------------------
                                     Name:

<PAGE>

                               Exhibit A

                         FORM OF SUBSCRIPTION
              (to be signed only on exercise of Warrant)

TO:  AIRTIMEDSL

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

___  ________ shares of the Common Stock covered by such Warrant; or
___  the maximum number of shares of Common Stock covered by such
Warrant pursuant to the cashless exercise procedure set forth in
Section 2.

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

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

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

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

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

Dated:___________________     _________________________________________
                              (Signature must conform to name of holder
                              as specified on the face of the Warrant)

                              _________________________________________

                              _________________________________________
                              (Address)

<PAGE>

                               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 AIRTIMEDSL, 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 AIRTIMEDSL
with full power of substitution in the premises.

Transferees            Percentage Transferred       Number Transferred
-----------            ----------------------       ------------------

Dated:  ______________, ________     __________________________________
                                     (Signature must conform to name of
                                     holder as specified on the face of
                                     the warrant)

Signed in the presence of:

__________________________      _______________________________________
(Name)
                                _______________________________________
                                (address)

ACCEPTED AND AGREED:            _______________________________________
[TRANSFEREE]
                                _______________________________________
                                (address)

__________________________
(Name)

<PAGE>

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