Document:

GLOBAL AXCESS CORP

                             SUBSCRIPTION AGREEMENT

                                 October 3, 2005

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                               TABLE OF CONTENTS

                                                                            Page

1. AGREEMENT TO SELL AND SUBSCRIPTION..........................................1

2. COMMISSIONS.................................................................2

3. CLOSING, DELIVERY AND PAYMENT...............................................2

3.1 Closing ...................................................................2

3.2 Delivery ..................................................................2

4. REPRESENTATIONS AND WARRANTIES OF THE COMPANY...............................2

      4.1   Organization, Good Standing and Qualification .....................2
      4.2   Subsidiaries ......................................................2
      4.3   Capitalization; Voting Rights .....................................2
      4.4   Authorization; Binding Obligations ................................3
      4.5   Liabilities .......................................................3
      4.6   Agreements; Action ................................................3
      4.7   Obligations to Related Parties ....................................3
      4.8   Changes ...........................................................4
      4.9   Title to Properties and Assets; Liens, Etc. .......................4
      4.10  Intellectual Property .............................................5
      4.11  Compliance with Other Instruments .................................5
      4.12  Litigation ........................................................5
      4.13  Tax Returns and Payments ..........................................5
      4.14  Employees .........................................................5
      4.15  Registration Rights and Voting Rights .............................6
      4.16  Compliance with Laws; Permits .....................................6
      4.18  Valid Offering ....................................................6
      4.19  34 Act Reports.....................................................7
      4.20  Full Disclosure ...................................................7

5.    REPRESENTATIONS AND WARRANTIES OF THE SUBSCRIBERS .......................7

      5.1   Requisite Power and Authority .....................................7
      5.2   Investment Representations ........................................7
      5.3   Subscriber Bears Economic Risk ....................................7
      5.4   Acquisition for Own Account .......................................7
      5.5   Subscriber Can Protect Its Assets .................................7
      5.6   Accredited Investor ...............................................7
      5.7   Risk Factors ......................................................7

6.    COVENANTS OF THE COMPANY ................................................8
      6.1   Use of Funds ......................................................8

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      6.2   Taxes .............................................................8
      6.3   Books and Records .................................................8
      6.4   Intellectual Property .............................................8
      6.5   Properties ........................................................8
      6.6   Confidentiality ...................................................8

7.    COVENANTS OF THE COMPANY AND SUBSCRIBERS REGARDING INDEMNIFICATION ......8
      7.1   Company Indemnification ...........................................8
      7.2   Subscriber's Indemnification ......................................8

8.    REGISTRATION RIGHTS .....................................................9
      8.1   Piggy-Back Registrations ..........................................8
      8.2   Registration Requirement...........................................8

9.    PARTICIPATION IN FUTURE FINANCING........................................9

Participation in Future Financing.

10. MISCELLANEOUS.............................................................10
      9.1   Governing Law ....................................................10
      9.2   Entire Agreement .................................................10
      9.3   Amendment and Waiver .............................................10
      9.4   Delays or Omissions ..............................................10
      9.5   Notices ..........................................................11
      9.6   Attorneys' Fees ..................................................11
      9.7   Titles and Subtitles .............................................11
      9.8   Counterparts .....................................................11
      9.9   Indemnification...................................................11
      9.10  Construction .....................................................11

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                               GLOBAL AXCESS CORP
                             SUBSCRIPTION AGREEMENT

      THIS SUBSCRIPTION AGREEMENT (the "Agreement") is made and entered by and
between Global Axcess Corp, a Nevada corporation (the "Company"), and the
Subscriber listed on Exhibit A hereto (the "Subscriber") as of the date set
forth on the signature page.

RECITALS

      WHEREAS, the Company through its wholly owned subsidiaries, provides cash
dispensing and processing services through its automated teller machine network.
The business of the Company is further described in the Company's Form 10-KSB
for the year ended December 31, 2004 and the Form 10-QSB for the quarter ended
June 30, 2005, as filed with the Securities and Exchange Commission. (the "34
Act Reports");

      WHEREAS, the Company has authorized for sale a maximum of up to 800,000
units (the "Units"), at a price of $6.25 per Unit, for a $5,000,000 maximum
offering, with each Unit consisting of five shares of common stock, $.001 par
value per share, of the Company and two common stock purchase warrants (the
"Warrants") (the shares of common stock of the Company contained in the Units
including the shares of common stock issuable upon exercise of the Warrants are
hereinafter collectively referred to as the "Shares");

      WHEREAS, the offering shall commence on the date hereof and shall continue
until October 17, 2005 and the Company reserves the right to extend the Offering
period;

      WHEREAS, the Company may offer the Units through broker-dealers who are
members of the National Association of Securities Dealers, Inc. ("NASD");
provided, however, on sales made directly to investors by officers or directors
of the Company, no commission or any other form of remuneration will be paid;

      WHEREAS, the offering will be offered by the Company on a "best efforts"
basis;

      WHEREAS, the minimum investment is $250,000.00 (40,000 Units);

      WHEREAS, Subscriber desires to Subscribe for the number of Units set forth
on Exhibit A hereto; and

      WHEREAS, the Company desires to issue and sell the Units to Subscriber on
the terms and conditions set forth herein.

                                    AGREEMENT

      NOW, THEREFORE, in consideration of the foregoing recitals and the mutual
promises, representations, warranties and covenants hereinafter set forth and
for other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties hereto agree as follows:

      1. AGREEMENT TO SELL AND SUBSCRIBE. Pursuant to the terms and conditions
set forth in this Agreement, as of the date hereof the Subscriber hereby agrees
to purchase, and the Company hereby agrees to issue and sell to the Subscriber,
the number of Units and for the consideration as set forth next to the
Subscriber's name on Exhibit A ("Purchase Price"). The Unit Subscription hereon
shall be known as the "Offering."

      2. COMMISSIONS AND FINDERS FEES. The Company may offer the Units through
broker-dealers who are members of the NASD. On sales made directly to investors
by officers or directors of the Company, no commission or any other form of
remuneration will be paid. On sales made by members of the NASD, the Company may
pay a commission of five percent (5%) (the "Commission") of the principal amount
of each Unit sold of the gross proceeds of this offering. No estimate can be
made on the number of broker-dealers, if any, who may participate in this
offering. In the event that commissions are paid, they will not exceed five
percent (5%) of the offering for a maximum amount of commissions of $250,000.

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      3. CLOSING, DELIVERY AND PAYMENT.

            3.1 Closing. All funds received from subscribers will be directly
submitted to the Company. Upon acceptance of this Agreement by the Company, the
Subscriber shall deliver funds equal to the Purchase Price. No escrow account
will be used in connection with this offering. The Company cannot guarantee that
it will be able to raise adequate funds in this offering to implement its
business plan. In the event that the Company does not raise adequate funds and
the Subscriber has invested in the Company, then the Subscriber's investment may
be lost entirely.

            3.2 Delivery. Within a ten days after receipt of the Purchase Price
by the Company, subject to the terms and conditions hereof, the Company will
deliver to the Subscriber certificates representing the shares of common stock
and a common stock purchase warrant, substantially in the form of warrant
attached hereto as Exhibit "B", in the applicable amount, and each shall have
the appropriate Rule 144 restrictive legends.

      4. REPRESENTATIONS AND WARRANTIES OF THE COMPANY.

            The Company hereby represents and warrants to the Subscriber as of
the date of this Agreement as set forth below (such representations and
warranties do not lessen or obviate the representations and warranties of the
Subscriber set forth in this Agreement).

            4.1 Organization, Good Standing and Qualification. The Company is a
Nevada corporation duly organized, validly existing, in good standing. The
Company has the necessary corporate power and authority to own and operate its
properties and assets, to execute and deliver this Agreement and all other
agreements referred to herein (collectively, the "Related Agreements"), to issue
and sell the Units and to carry out the provisions of this Agreement and the
Related Agreements and to carry on its business as presently conducted and as
presently proposed to be conducted. The Company is duly qualified and is
authorized to do business and is in good standing as a foreign corporation in
all jurisdictions in which the nature of its activities and of its properties
(both owned and leased) makes such qualification necessary, except for those
jurisdictions in which failure to do so would not have a material adverse effect
on the Company or its business.

            4.2 Subsidiaries. Except as set forth on Schedule 4.2, the Company
does not own or control any other interest of any other corporation, limited
partnership or other business entity that represents more than fifty percent
(50%) of the voting power of that corporation, limited partnership or other
business entity ("Subsidiary").

            4.3 Capitalization; Voting Rights.

                  (a) The number of shares of common stock of the Company that
are issued and outstanding as of the date hereof consists of 18,501,286. In the
event that all the Units are sold in this Offering, the maximum number of shares
of common stock of the Company that will be issued and outstanding after this
offering shall consist of 24,101,286 which includes 1,600,000 shares of common
stock issuable upon exercise the Warrants. The Company represents that the
percentage of shares issuable in connection with the Units, including the
Warrants, being offered to the Subscribers constitutes 19.1 of its issued and
outstanding common stock.

                  (b) Other than shares of common stock reserved for issuance
under the Units being sold pursuant to this Agreement (including shares of
common stock issuable upon exercise of warrants) and except as set forth on
Schedule 4.3(b), there are no outstanding options, warrants, rights (including
conversion or preemptive rights and rights of first refusal), proxy or
stockholder agreements, or arrangements or agreements of any kind for the
issuance of shares of common stock of the Company.

                  (c) The rights, preferences, privileges and restrictions of
the Shares are as stated in the Certificate of Incorporation, as amended (the
"Charter"). When issued in compliance with the provisions of this Agreement and
the Company's Charter, the Shares and the Warrants will be validly issued, fully
paid and nonassessable, and will be free of any liens or encumbrances; provided,
however, that the Shares may be subject to restrictions on transfer under state
and/or federal Interest laws as set forth herein or as otherwise required by
such laws at the time a transfer is proposed.

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      4.4 Authorization; Binding Obligations. All corporate action on the part
of the Company, its officers, directors and stockholders necessary for the
authorization of this Agreement and the Related Agreements, the performance of
all obligations of the Company hereunder and the authorization, sale, issuance
and delivery of the Units pursuant hereto and the Related Agreements has been
taken or will be taken. The Agreement and the Related Agreements, when executed
and delivered, will be valid and binding obligations of the Company enforceable
in accordance with their terms, except (a) as limited by applicable bankruptcy,
insolvency, reorganization, moratorium or other laws of general application
affecting enforcement of creditors' rights, and (b) as limited by general
principles that restrict the availability of equitable remedies.

      4.5 Liabilities. Except as set forth in the Company's 34 Act Reports, the
Company has no material liabilities and, to the best of its knowledge, knows of
no material contingent liabilities, except current liabilities incurred in the
ordinary course of business which are not, either in any individual case or in
the aggregate, material.

      4.6 Agreements; Action. Except as set forth on the 34 Act Reports, or as
contemplated by the terms of this Agreement or any other agreements to be
entered into between the Company and the Subscriber, there are no agreements,
understandings, instruments, contracts, proposed transactions, judgments,
orders, writs or decrees to which the Company is a party or to its knowledge by
which it is bound which may provide for (i) obligations (contingent or
otherwise) of, or payments to, the Company in excess of $50,000 (other than
obligations of, or payments to, the Company arising from Subscription or sale
agreements entered into in the ordinary course of business), or (ii) the
transfer or license of any patent, copyright, trade secret or other proprietary
right to or from the Company (other than licenses arising from the Subscription
of "off the shelf" or other standard products), or (iii) provisions restricting
the development, manufacture or distribution of the Company's products or
services, or (iv) indemnification by the Company with respect to infringements
of proprietary rights.

      4.7 Obligations to Related Parties. Except as set forth on Schedule 4.7,
there are no obligations of the Company to officers, directors, stockholders or
employees of the Company other than (a) for payment of salary for services
rendered, including bonus payments, (b) reimbursement for reasonable expenses
incurred on behalf of the Company and (c) for other employee benefits (including
stock option plans and stock option agreements outstanding under any stock
option plan approved by the Board of Directors of the Company). None of the
officers or directors of the Company, nor any members of their immediate
families, are indebted to the Company or, to the Company's knowledge, have any
direct or indirect ownership interest in any firm or corporation with which the
Company is affiliated or with which the Company has a business relationship, or
any firm or corporation which competes with the Company, other than passive
investments in publicly traded companies (representing less than 1% of such
company) which may compete with the Company. No officer or director or, to the
Company's knowledge, any member of their immediate families, is, directly or
indirectly, interested in any material contract with the Company and no
agreements, understandings or proposed transactions are contemplated between the
Company and any such person. The Company is not a guarantor or indemnitor of any
indebtedness of any other person, firm or corporation.

      4.8 Changes. Except as set forth on Schedule 4.8, since June 30, 2005,
there has not been:

            (a) Any material change in the assets, liabilities, financial
condition, prospects or operations of the Company, other than changes in the
ordinary course of business, none of which individually or in the aggregate has
had or is reasonably expected to have a material adverse effect on such assets,
liabilities, financial condition, prospects or operations of the Company;

            (b) Any resignation or termination of any officer, key employee or
group of employees of the Company;

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            (c) Any material change, except in the ordinary course of business,
in the contingent obligations of the Company by way of guaranty, endorsement,
indemnity, warranty or otherwise;

            (d) Any damage, destruction or loss, whether or not covered by
insurance, materially and adversely affecting the properties, business or
prospects or financial condition of the Company;

            (e) Any waiver by the Company of a right deemed valuable by the
Company or of a material debt owed to it;

            (f) Any direct or indirect loans made by the Company to any
employee, officer or director of the Company, other than advances made in the
ordinary course of business;

            (g) Any material change in any compensation arrangement or agreement
with any employee, officer, or director;

            (h) Any declaration or payment of any dividend or other distribution
of the assets of the Company;

            (i) Any labor organization activity related to the Company;

            (j) Any debt, obligation or liability incurred, assumed or
guaranteed by the Company, except those for immaterial amounts and for current
liabilities incurred in the ordinary course of business;

            (k) Any sale, assignment or transfer of any patents, trademarks,
copyrights, trade secrets or other intangible assets;

            (l) Any change in any material agreement to which the Company is a
party or by which it is bound which may materially and adversely affect the
business, assets, liabilities, financial condition, operations or prospects of
the Company;

            (m) Any other event or condition of any character that, either
individually or cumulatively, has or may materially and adversely affect the
business, assets, liabilities, financial condition, prospects or operations of
the Company; or

            (n) Any arrangement or commitment by the Company to do any of the
acts described in subsection (a) through (m) above.

      4.9 Title to Properties and Assets; Liens, Etc. Except as set forth on
Schedule 4.9, the Company has good and marketable title to its properties and
assets, and good title to its leasehold estates, in each case subject to no
mortgage, pledge, lien, lease, encumbrance or charge, other than (a) those
resulting from taxes which have not yet become delinquent, (b) minor liens and
encumbrances which do not materially detract from the value of the property
subject thereto or materially impair the operations of the Company, and (c)
those that have otherwise arisen in the ordinary course of business. All
facilities, machinery, equipment, fixtures, vehicles and other properties owned,
leased or used by the Company are in good operating condition and repair, normal
wear and tear excepted, and are reasonably fit and usable for the purposes for
which they are being used. The Company is in compliance with all material terms
of each lease to which it is a party or is otherwise bound.

      4.10 Intellectual Property.

            (a) The Company owns or possesses sufficient legal rights to all
patents, trademarks, service marks, trade names, copyrights, trade secrets,
licenses, information and other proprietary rights and processes necessary for
its business as now conducted and to the Company's knowledge as presently
proposed to be conducted (the "Intellectual Property"), without any known
infringement of the rights of others. There are no outstanding options, licenses
or agreements of any kind relating to the foregoing proprietary rights, nor is
the Company bound by or a party to any options, licenses or agreements of any
kind with respect to the patents, trademarks, service marks, trade names,
copyrights, trade secrets, licenses, information and other proprietary rights
and processes of any other person or entity other than such licenses or standard
products.

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            (b) The Company has not received any written communications alleging
that the Company has violated any of the patents, trademarks, service marks,
trade names, copyrights or trade secrets or other proprietary rights of any
other person or entity, nor is the Company aware of any basis therefor.

      4.11 Compliance with Other Instruments. The Company is not in violation or
default of any material term of the Charter or Bylaws, or of any material
provision of any mortgage, indenture, contract, agreement, instrument or
contract to which it is party or by which it is bound or of any judgment,
decree, order or writ. The execution, delivery and performance of and compliance
with this Agreement and the Related Agreements, and the issuance and sale of
Interest pursuant hereto, will not, with or without the passage of time or
giving of notice, result in any such material violation, or be in conflict with
or constitute a default under any such term or provision, or result in the
creation of any mortgage, pledge, lien, encumbrance or charge upon any of the
material properties or assets of the Company or the suspension, revocation,
impairment, forfeiture or nonrenewal of any material permit, license,
authorization or approval applicable to the Company, its business or operations
or any of its material assets or properties.

      4.12 Litigation. Except as set forth in Schedule 4.12, there is no action,
suit or proceeding pending or, to the Company's knowledge, currently threatened
against the Company that questions the validity of this Agreement or the Related
Agreements or the right of the Company to enter into any of such agreements, or
to consummate the transactions contemplated hereby or thereby, or which is
reasonably likely to result, either individually or in the aggregate, in any
material adverse change in the assets, condition, affairs or prospects of the
Company, financially or otherwise, nor is the Company aware that there is any
basis for any of the foregoing. The Company is not a party or subject to the
provisions of any order, writ, injunction, judgment or decree of any court or
government agency or instrumentality. Except as set forth in the Schedule 4.12,
there is no action, suit, proceeding or investigation by the Company currently
pending or which the Company intends to initiate.

      4.13 Tax Returns and Payments. Except as set forth on Schedule 4.13, the
Company has timely filed all tax returns required to be filed by it. All taxes
shown to be due and payable on such returns, any assessments imposed, and to the
Company's knowledge all other taxes due and payable by the Company on or before
the date hereof, have been paid or will be paid prior to the time they become
delinquent. The Company has not been advised (a) that any of its returns,
federal, state or other, have been or are being audited as of the date hereof,
or (b) of any deficiency in assessment or proposed judgment to its federal,
state or other taxes. The Company has no knowledge of any liability of any tax
to be imposed upon its properties or assets as of the date of this Agreement
that is not adequately provided for.

      4.14 Employees. The Company has no collective bargaining agreements with
any of its employees. There is no labor union organizing activity pending or, to
the Company's knowledge, threatened with respect to the Company. Except as set
forth in the Schedule 4.14, the Company is not a party to or bound by any
currently effective employment contract, deferred compensation arrangement,
bonus plan, incentive plan, profit sharing plan, retirement agreement or other
employee compensation plan or agreement. To the Company's knowledge, no employee
of the Company, nor any consultant with whom the Company has contracted, is in
violation of any term of any employment contract, proprietary information
agreement or any other agreement relating to the right of any such individual to
be employed by, or to contract with, the Company because of the nature of the
business to be conducted by the Company; and to the Company's knowledge the
continued employment by the Company of its present employees, and the
performance of the Company's contracts with its independent contractors, will
not result in any such violation. The Company is not aware that any of its
employees is obligated under any contract (including licenses, covenants or
commitments of any nature) or other agreement, or subject to any judgment,
decree or order of any court or administrative agency, that would interfere with
their duties to the Company. The Company has not received any written notice
alleging that any such violation has occurred. No employee of the Company has
been granted the right to continued employment by the Company or to any material
compensation following termination of employment with the Company. The Company
is not aware that any officer, key employee or group of employees intends to
terminate his, her or their employment with the Company, nor does the Company
have a present intention to terminate the employment of any officer, key
employee or group of employees.

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      4.15 Registration Rights and Voting Rights. Except as set forth under
Schedule 4.15 and except as provided in this Agreement and the Related
Agreements, the Company is presently not under any obligation, and has not
granted any rights, to register any of the Company's presently outstanding
securities or any of its securities that may hereafter be issued. To the
Company's knowledge, no stockholder of the Company has entered into any
agreement with respect to the voting of the securities of the Company.

      4.16 Compliance with Laws; Permits. To its knowledge, the Company is not
in violation of any applicable statute, rule, regulation, order or restriction
of any domestic or foreign government or any instrumentality or agency thereof
in respect of the conduct of its business or the ownership of its properties
which violation would materially and adversely affect the business, assets,
liabilities, financial condition, operations or prospects of the Company. Except
as disclosed in this Agreement, no governmental orders, permissions, consents,
approvals or authorizations are required to be obtained and no registrations or
declarations are required to be filed in connection with the execution and
delivery of this Agreement and the issuance of any of the Interest, except (i)
such as has been duly and validly obtained or filed, or (ii) with respect to any
filings that must be made after the date hereof, as will be filed in a timely
manner, or (iii) such as would not have a material adverse effect on the
Company. The Company has all franchises, permits, licenses and any similar
authority necessary for the conduct of its business as now being conducted by
it, the lack of which could materially and adversely affect the business,
properties, prospects or financial condition of the Company.

      4.17 Environmental and Safety Laws. To the Company's knowledge, the
Company is not in violation of any applicable statute, law or regulation
relating to the environment or occupational health and safety, and to its
knowledge, no material expenditures are or will be required in order to comply
with any such existing statute, law or regulation. No Hazardous Materials (as
defined below) are used or have been used, stored, or disposed of by the Company
or, to the Company's knowledge, by any other person or entity on any property
owned, leased or used by the Company. For the purposes of the preceding
sentence, "Hazardous Materials" shall mean (a) materials which are listed or
otherwise defined as "hazardous" or "toxic" under any applicable local, state,
federal and/or foreign laws and regulations that govern the existence and/or
remedy of contamination on property, the protection of the environment from
contamination, the control of hazardous wastes, or other activities involving
hazardous substances, including building materials, or (b) any petroleum
products or nuclear materials.

      4.18 Valid Offering. Assuming the accuracy of the representations and
warranties of the Subscriber contained in this Agreement, the offer, sale and
issuance of the Units will be exempt from the registration requirements of the
Securities Act of 1933, as amended (the "Securities Act"), and will have been
registered or qualified (or are exempt from registration and qualification)
under the registration, permit or qualification requirements of all applicable
state laws. Neither the Company nor any agent on its behalf has solicited or
will solicit any offers to sell or has offered to sell or will offer to sell the
Units to any person or persons so as to bring the sale of such Units by the
Company within the registration provisions of the Securities Act or any state
securities laws.

      4.19 34 Act Reports. The Company has provided the Subscriber with its Form
10-KSB for the year ended December 31, 2004 and its Form 10-QSB for the quarter
ended June 30, 2005. No Statement of fact made by the Company in its 34 Act
Reports contains any untrue statement of a material fact or omits to state any
material fact necessary to make the statements contained therein not misleading
in light of the circumstances under which such statements were made.

      4.20 Full Disclosure. The Company has provided the Subscriber with all
information requested by the Subscriber in connection with its decision to
Subscribe for the Units. Neither this Agreement, the exhibits and schedules
hereto, the Related Agreements nor any other document delivered by the Company
to Subscriber or its attorneys or agents in connection herewith or therewith or
with the transactions contemplated hereby or thereby, contain any untrue
statement of a material fact nor omit to state a material fact necessary in
order to make the statements contained herein or therein not misleading. To the
Company's knowledge, there are no facts which (individually or in the aggregate)
materially adversely affect the business, assets, liabilities, financial
condition, prospects or operations of the Company that have not been set forth
in the Agreement, the exhibits and schedules hereto, the Related Agreements or
in other documents delivered to Subscriber or its attorneys or agents in
connection herewith.

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      5. REPRESENTATIONS AND WARRANTIES OF THE SUBSCRIBER.

            The Subscriber hereby represents and warrants to the Company with
respect to itself or himself as follows (such representations and warranties do
not lessen or obviate the representations and warranties of the Company set
forth in this Agreement):

            5.1 Requisite Power and Authority. Subscriber has all necessary
power and authority under all applicable provisions of law to execute and
deliver this Agreement and the Related Agreements and to carry out their
provisions. All action on Subscriber's part required for the lawful execution
and delivery of this Agreement and the Related Agreements have been or will be
effectively taken prior to the sale of the Units pursuant to this Agreement.
Upon their execution and delivery, this Agreement and the Related Agreements
will be valid and binding obligations of Subscriber, enforceable in accordance
with their terms, except as limited by applicable bankruptcy, insolvency,
reorganization, moratorium or other laws of general application affecting
enforcement of creditors' rights.

            5.2 Investment Representations. Subscriber understands that the
Units are being offered and sold pursuant to an exemption from registration
contained in the Securities Act based in part upon Subscriber's representations
contained in this Agreement.

            5.3 Subscriber Bears Economic Risk. Subscriber has substantial
experience in evaluating and investing in private placement transactions in
companies similar to the Company so that it is capable of evaluating the merits
and risks, including the risks listed on Schedule 5.7, of its investment in the
Company and has the capacity to protect its own interests. Subscriber must bear
the economic risk of this investment until the Units are sold by Subscriber.

            5.4 Acquisition for Own Account. Subscriber is acquiring the Units
for Subscriber's own account for investment only, and not with a view towards
their distribution.

            5.5 Subscriber Can Protect Its Interest. Subscriber represents that
by reason of its, or of its management's, business or financial experience,
Subscriber has the capacity to protect its own interests in connection with the
transactions contemplated in this Agreement, and the Related Agreements.
Further, Subscriber is aware of no publication of any advertisement in
connection with the transactions contemplated in the Agreement.

            5.6 Accredited Investor. Subscriber represents that it is an
accredited investor within the meaning of Regulation D under the Securities Act.

            5.7 Risk Factors. Subscriber represents that it has read and fully
understands the risks associated with the Company and the Units listed on
Schedule 5.7.

      6. COVENANTS OF THE COMPANY. The Company covenants and agrees with the
Subscriber as follows:

            6.1 Use of Funds. The Company undertakes to use the proceeds of the
Subscriber's funds for the purposes set forth on Schedule 6.1 attached hereto.

            6.2 Taxes. The Company will promptly pay and discharge, or cause to
be paid and discharged, when due and payable, all lawful taxes, assessments and
governmental charges or levies imposed upon the income, profits, property or
business of the Company; provided, however, that any such tax, assessment,
charge or levy need not be paid if the validity thereof shall currently be
contested in good faith by appropriate proceedings and if the Company shall have
set aside on its books adequate reserves with respect thereto, and provided,
further, that the Company will pay all such taxes, assessments, charges or
levies forthwith upon the commencement of proceedings to foreclose any lien
which may have attached as security therefor.

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            6.3 Books and Records. The Company will keep true records and books
of account in which full, true and correct entries will be made of all dealings
or transactions in relation to its business and affairs in accordance with
generally accepted accounting principles applied on a consistent basis.

            6.4 Intellectual Property. The Company shall maintain in full force
and effect its corporate existence, rights and franchises and all licenses and
other rights to use Intellectual Property owned or possessed by it and
reasonably deemed to be necessary to the conduct of its business.

            6.5 Properties. The Company will keep its properties in good repair,
working order and condition, reasonable wear and tear excepted, and from time to
time make all needful and proper repairs, renewals, replacements, additions and
improvements thereto; and the Company will at all times comply with each
provision of all leases to which it is a party or under which it occupies
property if the breach of such provision could reasonably be expected to have a
material adverse effect on the Company.

            6.6 Confidentiality. The Company agrees that it will not disclose,
and will not include in any public announcement, the name of the Subscriber,
unless expressly agreed to by the Subscriber or unless and until such disclosure
is required by law or applicable regulation, and then only to the extent of such
requirement.

      7.    COVENANTS OF THE COMPANY AND SUBSCRIBER REGARDING INDEMNIFICATION.

            7.1 Company Indemnification. The Company agrees to indemnify, hold
harmless, reimburse and defend Subscriber, each of Subscriber's officers,
directors, agents, affiliates, control persons, and principal shareholders,
against any claim, cost, expense, liability, obligation, loss or damage
(including reasonable legal fees) of any nature, incurred by or imposed upon the
Subscriber which results, arises out of or is based upon (i) any
misrepresentation by the Company or breach of any warranty by the Company in
this Agreement or in any exhibits or schedules attached hereto or any Related
Agreement, or (ii) any breach or default in performance by the Company of any
covenant or undertaking to be performed by the Company hereunder, or any other
agreement entered into by the Company and Subscriber relating hereto.

            7.2 Subscriber's Indemnification. Subscriber agrees to indemnify,
hold harmless, reimburse and defend the Company and each of the Company's
officers, directors, agents, affiliates, control persons and principal
stockholders, at all times against any claim, cost, expense, liability,
obligation, loss or damage (including reasonable legal fees) of any nature,
incurred by or imposed upon the Company which results, arises out of or is based
upon (a) any misrepresentation by Subscriber or breach of warranty by Subscriber
in this Agreement or in any exhibits or schedules attached hereto or any Related
Agreement; or (b) any breach or default in performance by Subscriber of any
covenant or undertaking to be performed by Subscriber hereunder, or any other
agreement entered into by the Company and Subscriber relating hereto.

      8.    REGISTRATION RIGHTS.

            8.1 PIGGY-BACK REGISTRATIONS. If at any time the Company shall
determine to file with the SEC a Registration Statement relating to an offering
for its own account or the account of others under the Securities Act of 1933
Act of any of its equity securities (other than on Form S-4 or Form S-8 or their
then equivalents relating to equity securities to be issued solely in connection
with any acquisition of any entity or business or equity securities issuable in
connection with stock option or other bona fide, employee benefit plans), the
Company shall send to each Subscriber who is entitled to registration rights
under this Section 8.1, written notice of such determination and, if within
fifteen (15) days after the effective date of such notice, such Subscribers
shall so request in writing, the Company shall include in such Registration
Statement all or any part of the Shares such Subscriber requests to be
registered, except that if, in connection with any underwritten public offering
for the account of the Company the managing underwriter(s) thereof shall impose
a limitation on the number of shares of Common Stock which may be included in
the Registration Statement because, in such underwriter(s)' judgment, marketing
or other factors dictate such limitation is necessary to facilitate public
distribution, then the Company shall be obligated to include in such
Registration Statement only such limited portion of the Shares with respect to
which such Subscriber has requested inclusion hereunder as the underwriter shall
permit. Any exclusion of Shares shall be made pro rata among the Subscribers
seeking to include Shares in proportion to the number of Shares Securities
sought to be included by such Subscriber; provided, however, that the Company
shall not exclude any Shares unless the Company has first excluded all
outstanding securities, the holders of which are not entitled to inclusion of
such securities in such Registration Statement or are not entitled to pro rata
inclusion with the Shares; and provided, further, however, that, after giving
effect to the immediately preceding proviso, any exclusion of Shares shall be
made pro rata with holders of other securities having the right to include such
securities in the Registration Statement other than holders of securities
entitled to inclusion of their securities in such Registration Statement by
reason of demand registration rights. If an offering in connection with which a
Subscriber is entitled to registration under this Section 8.1 is an underwritten
offering, then each Subscriber whose Shares are included in such Registration
Statement shall, unless otherwise agreed by the Company, offer and sell such
Shares in an underwritten offering using the same underwriter or underwriters
and on the same terms and conditions as other shares of common stock included in
such underwritten offering.

                                       8
<PAGE>

            8.2 Rider. The Company has entered into that certain [Registration
Rights Agreement] dated October 27, 2005 with [Centrecourt} (the "Centrecourt
Registration Rights Agreement"). Pursuant to the Centrecourt Registration Rights
Agreement, the Company has agreed to prepare, file and cause the SEC to declare
effective a registration statement (the "Centrecourt Registration Statement")
covering certain shares of common stock of the Company. The Company hereby
covenants, agrees and acknowledges that all, and not less than all, of the
Shares will be included in the Centrecourt Registration Statement, after giving
effect to any cutbacks or other similar rights set forth in the Centrecourt
Registration Rights Agreement. The Company hereby covenants, agrees and
acknowledges that Subscriber is intended as, and shall be, a third party
beneficiary under the Centrecourt Registration Rights Agreement and shall be
entitled to enforce all of the rights of a {Holder} of {Registrable Securities}
thereunder.

      9.    MISCELLANEOUS.

            9.1 Governing Law. This Agreement shall be governed by and construed
in accordance with the laws of the State of Florida, without regard to
principles of conflicts of laws. Any action brought by either party against the
other concerning the transactions contemplated by this Agreement shall be
brought only in the state courts of Florida or in the federal courts located in
the state of Florida. Both parties and the individuals executing this Agreement
and other agreements on behalf of the Company agree to submit to the
jurisdiction of such courts and 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 Agreement 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.

            9.2 Entire Agreement. This Agreement, the exhibits and schedules
hereto, the Related Agreements and the other documents delivered pursuant hereto
constitute the full and entire understanding and agreement between the parties
with regard to the subjects hereof and no party shall be liable or bound to any
other in any manner by any representations, warranties, covenants and agreements
except as specifically set forth herein and therein.

            9.3 Amendment and Waiver.

                  (a) This Agreement may be amended or modified only upon the
written consent of the Company and the Subscriber.

                                       9
<PAGE>

                  (b) The obligations of the Company and the rights of the
holders of the Units under the Agreement may be waived only with the written
consent of such holders of the Units.

            9.4 Delays or Omissions. It is agreed that no delay or omission to
exercise any right, power or remedy accruing to any party, upon any breach,
default or noncompliance by another party under this Agreement or the Related
Agreements, shall impair any such right, power or remedy, nor shall it be
construed to be a waiver of any such breach, default or noncompliance, or any
acquiescence therein, or of or in any similar breach, default or noncompliance
thereafter occurring. It is further agreed that any waiver, permit, consent or
approval of any kind or character on the Subscriber's part of any breach,
default or noncompliance under this Agreement, the Interest or the Related
Agreements or any waiver on such party's part of any provisions or conditions of
the Agreement, or the Related Agreements must be in writing and shall be
effective only to the extent specifically set forth in such writing. All
remedies, either under this Agreement, the Interest or the Related Agreements,
by law or otherwise afforded to any party, shall be cumulative and not
alternative.

            9.5 Notices. All notices required or permitted hereunder shall be in
writing and shall be deemed effectively given: (a) upon personal delivery to the
party to be notified, (b) when sent by confirmed telex or facsimile if sent
during normal business hours of the recipient, if not, then on the next business
day, (c) five days after having been sent by registered or certified mail,
return receipt requested, postage prepaid, or (d) one day after deposit with a
nationally recognized overnight courier, specifying next day delivery, with
written verification of receipt. All communications shall be sent to the Company
at the address as set forth on the signature page hereof.

            9.6 Attorneys' Fees. In the event that any suit or action is
instituted to enforce any provision in this Agreement, the prevailing party in
such dispute shall be entitled to recover from the losing party all fees, costs
and expenses of enforcing any right of such prevailing party under or with
respect to this Agreement, including, without limitation, such reasonable fees
and expenses of attorneys and accountants, which shall include, without
limitation, all fees, costs and expenses of appeals.

            9.7 Titles and Subtitles. The titles of the sections and subsections
of the Agreement are for convenience of reference only and are not to be
considered in construing this Agreement.

            9.8 Counterparts. This Agreement may be executed in any number of
counterparts, each of which shall be an original, but all of which together
shall constitute one instrument.

            9.9 Indemnification. The Company shall indemnify the Subscriber for
any losses or expenses incurred by the Subscriber in connection with any claims
brought against the Subscriber by any third party (including any other
stockholder of the Company) as a result of the transactions contemplated by this
Agreement, other than for a breach of representation or warranty made by the
Subscriber herein.

            9.10 Construction. Each party acknowledges that its legal counsel
participated in the preparation of this Agreement and, therefore, stipulates
that the rule of construction that ambiguities are to be resolved against the
drafting party shall not be applied in the interpretation of this Agreement to
favor any party against the other.

                                       10
<PAGE>

      IN WITNESS WHEREOF, the parties hereto have executed the SUBSCRIPTION
AGREEMENT as of ________, 2005.

COMPANY:                                 SUBSCRIBER:

GLOBAL AXCESS CORP

By:                                    By:
   ---------------------------------     ---------------------------------
Name:                                    Name:
Title:                                   Address:
Address:NEITHER THIS WARRANT NOR THE SHARES OF COMMON STOCK ISSUABLE UPON EXERCISE
HEREOF HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY
APPLICABLE STATE SECURITIES LAW AND NEITHER MAY BE SOLD OR OTHERWISE TRANSFERRED
UNTIL (I) A REGISTRATION STATEMENT UNDER SUCH SECURITIES ACT AND SUCH APPLICABLE
STATE SECURITIES LAWS SHALL HAVE BECOME EFFECTIVE WITH REGARD THERETO, OR (II)
THE COMPANY SHALL HAVE RECEIVED A WRITTEN OPINION OF COUNSEL ACCEPTABLE TO THE
COMPANY TO THE EFFECT THAT REGISTRATION UNDER SUCH SECURITIES ACT AND SUCH
APPLICABLE STATE SECURITIES LAWS IS NOT REQUIRED IN CONNECTION WITH SUCH
PROPOSED TRANSFER.

                               GLOBAL AXCESS CORP

                          COMMON STOCK PURCHASE WARRANT

Warrant No. LL                                                 ________ shares

                       Original Issue Date: ________, 2005

      THIS CERTIFIES THAT, FOR VALUE RECEIVED,
__________________________________ or its registered assigns ("Holder") is
entitled to purchase, on the terms and conditions hereinafter set forth, at any
time or from time to time from the date hereof until 5:00 p.m., Eastern Time, on
the third (3rd) anniversary of the Original Issue Date set forth above, or if
such date is not a day on which the Company (as hereinafter defined) is open for
business, then the next succeeding day on which the Company is open for business
(such date is the "Expiration Date"), but not thereafter, to purchase up to
______________ (______) shares of the Common Stock, par value $.001 per share,
(the "Common Stock"), of GLOBAL AXCESS CORP, a Nevada corporation (the
"Company"), at $.1.75 per share (the "Exercise Price"), such number of shares
and Exercise Price being subject to adjustment upon the occurrence of the
contingencies set forth in this Warrant. Each share of Common Stock as to which
this Warrant is exercisable is a "Warrant Share" and all such shares are
collectively referred to as the "Warrant Shares."

      Section 1.  Exercise of Warrant.

            (a) This Warrant is automatically exercisable at any time prior to
the Expiration Date if the Closing Bid Price of the Company's common stock is
equal to or in excess of $2.25 for a period of five (5) consecutive days
("Automatic Exercise"). Upon occurrence of the Automatic Exercise, the Company
shall provide the Holder with notice of such Automatic Conversion ("Automatic
Exercise Notice"). Upon receipt of the Automatic Exercise Notice, the Holder
must exercise, in whole or in part, this Warrant within ten (10) days, by
delivery to the Company at its office at 224 Ponte Vedra Park Drive, Suite 100,
Ponte Vedra Beach, Florida 32082 Attention: President, on or before 5:00 p.m.,
Eastern Time, on the tenth day after the Holder's receipt of the Automatic
Exercise Notice, (i) a written notice of such Holder's election to exercise this
Warrant (the "Exercise Notice"), which notice may be in the form of the Notice
of Exercise attached hereto, properly executed and completed by Holder or an
authorized officer thereof, (ii) a check payable to the order of the Company, in
an amount equal to the product of the Exercise Price multiplied by the number of
Warrant Shares specified in the Exercise Notice, and (iii) this Warrant (the
items specified in (i), (ii), and (iii) are collectively the "Exercise
Materials"). If the Holder does not exercise this Warrant within ten (10) days
from actual receipt of the Automatic Exercise Notice, then this Warrant will
expire.

            (b) This Warrant may, at the option of Holder, be exercised in whole
or in part from time to time, by delivery of the Exercise Materials at the
address designated in Section 1(a) above, on or before the earlier of (i) 5:00
p.m., Eastern Time, on the Expiration Date or (ii) the receipt by the Holder of
the Automatic Exercise Notice.

<PAGE>

            (c) As promptly as practicable, and in any event within two (2)
business days after its receipt of the Exercise Materials, the Company shall
execute or cause to be executed and delivered to Holder a certificate or
certificates representing the number of Warrant Shares specified in the Exercise
Notice, together with cash in lieu of any fraction of a share, and if this
Warrant is partially exercised, a new warrant on the same terms for the
unexercised balance of the Warrant Shares. The stock certificate or certificates
shall be registered in the name of Holder or such other name or names as shall
be designated in the Exercise Notice. The date on which the Warrant shall be
deemed to have been exercised (the "Effective Date"), and the date the person in
whose name any certificate evidencing the Common Stock issued upon the exercise
hereof is issued shall be deemed to have become the holder of record of such
shares, shall be the date the Company receives the Exercise Materials,
irrespective of the date of delivery of a certificate or certificates evidencing
the Common Stock issued upon the exercise hereof, provided, however, that if the
Exercise Materials are received by the Company on a date on which the stock
transfer books of the Company are closed, the Effective Date shall be the next
succeeding date on which the stock transfer books are open. All shares of Common
Stock issued upon the exercise of this Warrant will, upon issuance, be fully
paid and non-assessable and free from all taxes, liens, and charges with respect
thereto.

      Section 2.  Adjustments  to  Warrant  Shares.   The  number  of  Warrant
Shares  issuable  upon the exercise  hereof shall be subject to  adjustment as
follows:

            (a) In the event the Company is a party to a consolidation, share
exchange, or merger, or the sale of all or substantially all of the assets of
the Company to, any person, or in the case of any consolidation or merger of
another corporation into the Company in which the Company is the surviving
corporation, and in which there is a reclassification or change of the shares of
Common Stock of the Company, this Warrant shall after such consolidation, share
exchange, merger, or sale be exercisable for the kind and number of securities
or amount and kind of property of the Company or the corporation or other entity
resulting from such share exchange, merger, or consolidation, or to which such
sale shall be made, as the case may be (the "Successor Company"), to which a
holder of the number of shares of Common Stock deliverable upon the exercise
(immediately prior to the time of such consolidation, share exchange, merger, or
sale) of this Warrant would have been entitled upon such consolidation, share
exchange, merger, or sale; and in any such case appropriate adjustments shall be
made in the application of the provisions set forth herein with respect to the
rights and interests of Holder, such that the provisions set forth herein shall
thereafter correspondingly be made applicable, as nearly as may reasonably be,
in relation to the number and kind of securities or the type and amount of
property thereafter deliverable upon the exercise of this Warrant. The above
provisions shall similarly apply to successive consolidations, share exchanges,
mergers, and sales. Any adjustment required by this Section 2 (a) because of a
consolidation, share exchange, merger, or sale shall be set forth in an
undertaking delivered to Holder and executed by the Successor Company which
provides that Holder shall have the right to exercise this Warrant for the kind
and number of securities or amount and kind of property of the Successor Company
or to which the holder of a number of shares of Common Stock deliverable upon
exercise (immediately prior to the time of such consolidation, share exchange,
merger, or sale) of this Warrant would have been entitled upon such
consolidation, share exchange, merger, or sale. Such undertaking shall also
provide for future adjustments to the number of Warrant Shares and the Exercise
Price in accordance with the provisions set forth in Section 2 hereof.

            (b) In the event the Company should at any time, or from time to
time after the Original Issue Date, fix a record date for the effectuation of a
stock split or subdivision of the outstanding shares of Common Stock or the
determination of holders of Common Stock entitled to receive a dividend or other
distribution payable in additional shares of Common Stock, or securities or
rights convertible into, or entitling the holder thereof to receive directly or

<PAGE>

indirectly, additional shares of Common Stock (hereinafter referred to as
"Common Stock Equivalents") without payment of any consideration by such holder
for the additional shares of Common Stock or the Common Stock Equivalents
(including the additional shares of Common Stock issuable upon exercise or
exercise thereof), then, as of such record date (or the date of such dividend,
distribution, split, or subdivision if no record date is fixed), the number of
Warrant Shares issuable upon the exercise hereof shall be proportionately
increased and the Exercise Price shall be appropriately decreased by the same
proportion as the increase in the number of outstanding Common Stock Equivalents
of the Company resulting from the dividend, distribution, split, or subdivision.
Notwithstanding the preceding sentence, no adjustment shall be made to decrease
the Exercise Price below $.001 per Share.

            (c) In the event the Company should at any time or from time to time
after the Original Issue Date, fix a record date for the effectuation of a
reverse stock split, or a transaction having a similar effect on the number of
outstanding shares of Common Stock of the Company, then, as of such record date
(or the date of such reverse stock split or similar transaction if no record
date is fixed), the number of Warrant Shares issuable upon the exercise hereof
shall be proportionately decreased and the Exercise Price shall be appropriately
increased by the same proportion as the decrease of the number of outstanding
Common Stock Equivalents resulting from the reverse stock split or similar
transaction.

            (d) In the event the Company should at any time or from time to time
after the Original Issue Date, fix a record date for a reclassification of its
Common Stock, then, as of such record date (or the date of the reclassification
if no record date is set), this Warrant shall thereafter be convertible into
such number and kind of securities as would have been issuable as the result of
such reclassification to a holder of a number of shares of Common Stock equal to
the number of Warrant Shares issuable upon exercise of this Warrant immediately
prior to such reclassification, and the Exercise Price shall be unchanged.

            (e) The Company will not, by amendment of its Certificate of
Incorporation or through reorganization, consolidation, merger, dissolution,
issue, or sale of securities, sale of assets or any other voluntary action, void
or seek to avoid the observance or performance of any of the terms of the
Warrant, but will at all times in good faith assist in the carrying out of all
such terms and in the taking of all such actions as may be necessary or
appropriate in order to protect the rights of Holder against dilution or other
impairment. Without limiting the generality of the foregoing, the Company (x)
will not create a par value of any share of stock receivable upon the exercise
of the Warrant above the amount payable therefor upon such exercise, and (y)
will take all such action as may be necessary or appropriate in order that the
Company may validly and legally issue fully paid and non-assessable shares upon
the exercise of the Warrant.

            (f) When any adjustment is required to be made in the number or kind
of shares purchasable upon exercise of the Warrant, or in the Exercise Price,
the Company shall promptly notify Holder of such event and of the number of
shares of Common Stock or other securities or property thereafter purchasable
upon exercise of the Warrants and of the Exercise Price, together with the
computation resulting in such adjustment.

            (g) The Company covenants and agrees that all Warrant Shares which
may be issued will, upon issuance, be validly issued, fully paid, and
non-assessable. The Company further covenants and agrees that the Company will
at all times have authorized and reserved, free from preemptive rights, a
sufficient number of shares of its Common Stock to provide for the exercise of
the Warrant in full.

                                       3
<PAGE>

      Section 3.  No  Stockholder  Rights.  This  Warrant  shall  not  entitle
Holder  hereof to any voting  rights or other rights as a  stockholder  of the
Company.

      Section 4.  Transfer of Securities.

            (a) This Warrant and the Warrant Shares and any shares of capital
stock received in respect thereof, whether by reason of a stock split or share
reclassification thereof, a stock dividend thereon, or otherwise, shall not be
transferable except upon compliance with the provisions of the Securities Act of
1933, as amended (the "Securities Act") and applicable state securities laws
with respect to the transfer of such securities. The Holder, by acceptance of
this Warrant, agrees to be bound by the provisions of Section 4 hereof and to
indemnify and hold harmless the Company against any loss or liability arising
from the disposition of this Warrant or the Warrant Shares issuable upon
exercise hereof or any interest in either thereof in violation of the provisions
of this Warrant.

            (b) Each certificate for the Warrant Shares and any shares of
capital stock received in respect thereof, whether by reason of a stock split or
share reclassification thereof, a stock dividend thereon or otherwise, and each
certificate for any such securities issued to subsequent transferees of any such
certificate shall (unless otherwise permitted by the provisions hereof) be
stamped or otherwise imprinted with a legend in substantially the following
form:

      "NEITHER THIS WARRANT NOR THE SHARES OF COMMON STOCK ISSUABLE UPON
      EXERCISE HEREOF HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
      AMENDED, OR ANY APPLICABLE STATE SECURITIES LAW AND NEITHER MAY BE SOLD OR
      OTHERWISE TRANSFERRED UNTIL (I) A REGISTRATION STATEMENT UNDER SUCH
      SECURITIES ACT AND SUCH APPLICABLE STATE SECURITIES LAWS SHALL HAVE BECOME
      EFFECTIVE WITH REGARD THERETO, OR (II) THE COMPANY SHALL HAVE RECEIVED A
      WRITTEN OPINION OF COUNSEL ACCEPTABLE TO THE COMPANY TO THE EFFECT THAT
      REGISTRATION UNDER SUCH SECURITIES ACT AND SUCH APPLICABLE STATE
      SECURITIES LAWS IS NOT REQUIRED IN CONNECTION WITH SUCH PROPOSED
      TRANSFER."

      Section 5.  Miscellaneous.

            (a) The terms of this Warrant shall be binding upon and shall inure
to the benefit of any successors or permitted assigns of the Company and Holder.

            (b) Except as otherwise provided herein, this Warrant and all rights
hereunder are transferable by the registered holder hereof in person or by duly
authorized attorney on the books of the Company upon surrender of this Warrant,
properly endorsed, to the Company. The Company may deem and treat the registered
holder of this Warrant at any time as the absolute owner hereof for all purposes
and shall not be affected by any notice to the contrary.

            (c) Notwithstanding any provision herein to the contrary, Holder may
not, sell, transfer, or otherwise assign this Warrant unless the Company is
provided with an opinion of counsel satisfactory in form and substance to the
Company, to the effect that such, sale, transfer, or assignment would not
violate the Securities Act or applicable state securities laws.

            (d) This Warrant may be divided into separate warrants covering one
share of Common Stock or any whole multiple thereof, for the total number of
shares of Common Stock then subject to this Warrant at any time, or from time to
time, upon the request of the registered holder of this Warrant and the
surrender of the same to the Company for such purpose. Such subdivided Warrants
shall be issued promptly by the Company following any such request and shall be
of the same form and tenor as this Warrant, except for any requested change in
the name of the registered holder stated herein.

                                       4
<PAGE>

            (e) Any notices, consents, waivers, or other communications required
or permitted to be given under the terms of this Warrant must be in writing and
will be deemed to have been delivered (a) upon receipt, when delivered
personally, (b) upon receipt, when sent by facsimile, provided a copy is mailed
by U.S. certified mail, return receipt requested, (c) three (3) days after being
sent by U.S. certified mail, return receipt requested, or (d) one (1) day after
deposit with a nationally recognized overnight delivery service, in each case
properly addressed to the party to receive the same. The addresses and facsimile
numbers for such communications shall be:

            If to Company:          Global Axcess Corp
                                    224 Ponte Vedra Park Drive, Suite 100
                                    Ponte Vedra Beach, Florida 32082
                                    Attention: President
                                    Facsimile:  (904) 280-8588

      If to Holder, to the registered address of Holder appearing on the books
of the Company. Each party shall provide five (5) days prior written notice to
the other party of any change in address, which change shall not be effective
until actual receipt thereof

            (f) The corporate laws of the State of Florida shall govern all
issues concerning the relative rights of the Company and its stockholders. All
other questions concerning the construction, validity, enforcement and
interpretation of this Warrant shall be governed by the internal laws of the
State of Florida, without giving effect to any choice of law or conflict of law
provision or rule (whether of the State of Florida or any other jurisdictions)
that would cause the application of the laws of any jurisdictions other than the
State of Florida. Each party hereby irrevocably submits to the non-exclusive
jurisdiction of the state and federal courts sitting in the Middle District of
Florida, for the adjudication of any dispute hereunder or in connection herewith
or with any transaction contemplated hereby or discussed herein, and hereby
irrevocably waives, and agrees not to assert in any suit, action or proceeding,
any claim that it is not personally subject to the jurisdiction of any such
court, that such suit, action or proceeding is brought in an inconvenient forum
or that the venue of such suit, action or proceeding is improper. Each party
hereby irrevocably waives personal service of process and consents to process
being served in any such suit, action or proceeding by mailing a copy thereof to
such party at the address for such notices to it under this Warrant 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 manner permitted by law. If any provision of this
Warrant shall be invalid or unenforceable in any jurisdiction, such invalidity
or unenforceability shall not affect the validity or enforceability of the
remainder of this Warrant in that jurisdiction or the validity or enforceability
of any provision of this Warrant in any other jurisdiction.

                         [Signatures on the following page]

                                       5
<PAGE>

                                 SIGNATURE PAGE
                                       TO
                                     COMPANY
                          COMMON STOCK PURCHASE WARRANT

      IN WITNESS WHEREOF, the Company, has caused this Warrant to be executed in
its name by its duly authorized officers under seal, and to be dated as of the
date first above written.

                                          GLOBAL AXCESS CORP

                                          By:
                                              --------------------------------
                                              Name: David Fann
                                              Title: President
ATTEST:

Secretary/Assistant Secretary

                                                            [CORPORATE SEAL]

                                       6
<PAGE>

                                   ASSIGNMENT

        (To be Executed by the Registered Holder to affect a Transfer of the
                              foregoing Warrant)

      FOR VALUE RECEIVED, the undersigned hereby sells, and assigns and
transfers _____________________________________ unto the foregoing Warrant and
the rights represented thereto to purchase shares of Common Stock of GLOBAL
AXCESS CORP in accordance with terms and conditions thereof, and does hereby
irrevocably constitute and appoint ________________ Attorney to transfer the
said Warrant on the books of the Company, with full power of substitution.

      Holder:

      ______________________________

      ______________________________

      Address

      Dated: __________________, ___

      In the presence of:

      ______________________________

<PAGE>

                                 EXERCISE NOTICE

      [To be signed only upon exercise of Warrant]

To:   GLOBAL AXCESS CORP

      The undersigned Holder of the attached Warrant hereby irrevocably elects
to exercise the Warrant for, and to purchase thereunder, _____ shares of Common
Stock of GLOBAL AXCESS CORP, issuable upon exercise of said Warrant and hereby
surrenders said Warrant.

      The Holder herewith delivers to GLOBAL AXCESS CORP, a check in the amount
of $______ representing the Exercise Price for such shares.

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

If electronic book entry transfer, complete the following:

      Account Number:   ________________________

      Transaction Code Number:  ________________

Dated: ___________________

                                          Holder:

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

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

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

                                     NOTICE

      The signature above must correspond to the name as written upon the face
of the within Warrant in every particular, without alteration or enlargement or
any change whatsoever.

<PAGE>

                             COMPANY ACKNOWLEDGEMENT
                                       TO
                                 EXERCISE NOTICE

ACKNOWLEDGED AND AGREED:

GLOBAL AXCESS CORP

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

Date:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00093-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00093-of-00352.parquet"}]]