Document:

Exhibit
        10.4

    

     

    THIS
      SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED
      (THE “SECURITIES ACT”). THE HOLDER HEREOF, BY PURCHASING THIS SECURITY, AGREES
      FOR THE BENEFIT OF THE COMPANY THAT THIS SECURITY MAY BE RESOLD, PLEDGED OR
      OTHERWISE TRANSFERRED ONLY PURSUANT TO AN EXEMPTION FROM REGISTRATION IN
      ACCORDANCE WITH RULE 144 (IF AVAILABLE) UNDER THE SECURITIES ACT, OR PURSUANT
      TO
      AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT, IN EACH CASE
      IN
      ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED
      STATES.

    

    No.
      W-
      ______

     

    

    Warrant
      to Purchase ________ Shares of 

    Common
      Stock (subject to adjustment)

    

     

    WARRANT
      TO PURCHASE COMMON STOCK

    

    of

    

    MDU
      COMMUNICATIONS INTERNATIONAL, INC.

    

    

    This
      Warrant (the “Warrant”)
      is
      issued to ____________________ or
      his,
      her or its permitted assigns (“Holder”)
      by MDU
      COMMUNICATIONS INTERNATIONAL, INC., a Delaware corporation (the “Company”),
      on
      September 11, 2006 (the “Warrant
      Issue Date”)
      for
      agreed upon consideration, receipt of which is hereby acknowledged.

    

    This
      Warrant is one of one or more Warrants of the same form and having the same
      terms as this Warrant entitling the holders initially to purchase up to an
      aggregate of ________ shares of Common Stock. In order to induce the Holder
      and
      the other Lenders to enter into that certain Loan and Security Agreement dated
      as of September 11, 2006 by and among MDU Communications (USA) Inc. and the
      Lenders (including all annexes, exhibits and schedules thereto and as from
      time
      to time amended, restated, supplemented or otherwise modified the “Loan
      Agreement”). The Holder is entitled to certain benefits as set forth
      therein.

     

    1.    Purchase
      Shares.
      Subject
      to the terms and conditions hereinafter set forth, the Holder is entitled,
      upon
      surrender of this Warrant at the principal office of the Company (or at such
      other place as the Company shall notify the holder hereof in writing), to
      purchase from the Company up to ________ shares of common stock, par value
      $0.001 per share (“Common
      Stock”),
      of
      the Company (the “ Warrant
      Share”)
      at the
      Exercise Price (defined below), subject to adjustment as provided in Section
      8
      hereof. 

     

    2.    Exercise
      Price.
      The
      purchase price for the Warrant Share shall be $___ per Warrant Share, as
      adjusted from time to time pursuant to Section 8 hereof (the “Exercise
      Price”).
      

     

    3.    Exercise
      Period.
      This
      Warrant may be exercised at any time after the date hereof until 5:00 p.m.,
      New
      York City time, September 11, 2011.

     

    4.    Company's Obligation to Make Payments
      

    

    (a)    The
      Company shall not declare, make or pay any dividend or other distribution,
      whether in cash, securities or other property, with respect to its Common Stock
      (a "Distribution") unless it concurrently makes a cash payment to the holder
      of
      this Warrant equal to the product of (1) the amount of cash plus the Fair Value
      of any property or securities distributed with respect to each outstanding
      share
      of Common Stock multiplied by (2) the number of shares of Common Stock then
      issuable upon exercise of this Warrant.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (b)    Tag-Along Rights.
      Each
      holder of a Warrant shall have the right to tag along in the sale of any Common
      Stock by the Company, in accordance with the letter agreement addressed to
      each
      holder, and any assignee, transferee or successor, a copy of which is attached
      hereto and made a part hereof.

    

    (c)    "Fair
      Value"
      for the
      purposes hereunder means the fair value of the appropriate security, property,
      assets, business or entity (taking into account the value to such business
      or
      entity of any covenant not to compete in favor thereof) as determined by an
      opinion of an independent investment banking firm of national reputation (which
      may be the firm regularly retained by the Company) selected by the Company
      and
      reasonably acceptable to the holder(s) of this Warrant or, (who, if more than
      one, shall agree among themselves by a two-thirds majority). In the case of
      any
      event which gives rise to a requirement to determine "Fair Value" pursuant
      to
      this Warrant, the Company shall be responsible for initiating the process by
      which Fair Value shall be determined as promptly as practicable, but in any
      event within thirty (30) days, following such event. Such investment banking
      firm shall determine the fair value of the security, property, assets, business
      or entity, as the case may be, in question and deliver its opinion in writing
      to
      the Company and to each such holder. The determination so made shall be
      conclusive and binding on the Company and such holders. The fees and expenses
      of
      any such determination made by such investment banking firm shall be borne
      by
      the Company. In determining Fair Value, no discount shall be imposed by reason
      of a minority ownership interest or the illiquidity of the stock interest being
      valued. The Fair Value of the Warrant Shares shall be determined (a) without
      regard to the fact that the Warrant Shares may constitute a minority ownership
      interest in a closely held corporation and (b) without taking into account
      any
      obligation of the Company to repurchase the Warrant or the Warrant Shares
      pursuant to the terms of this Warrant. Notwithstanding the foregoing, if the
      Company shall have effected a public offering of Common Stock and the Common
      Stock is traded on a public market, Fair Value means, with reference to the
      Warrant Shares, the Current Market Price (as defined below) of the Common Stock
      as of any date of determination. 

    

    5.    Method
      of Exercise.
      While
      this Warrant remains outstanding and exercisable in accordance with Section
      3
      above, the Holder may exercise, in whole or in part, the purchase rights
      evidenced hereby. Such exercise shall be effected by:

     

    (a)    the
      surrender of the Warrant, together with a duly executed copy of the form of
      Notice of Exercise attached hereto, to the Secretary of the Company at its
      principal offices set forth on the signature page hereof; and 

    

    (b)    the
      payment in the form of a certified or bank cashier’s check payable to the order
      of the Company in an amount equal to the Exercise Price multiplied by the number
      of Warrant Shares for which this Warrant is being exercised. At the option
      of
      such holder, payment of the Exercise Price may be made by deduction from the
      number of shares delivered upon exercise of the Warrant of a number of shares
      which has an aggregate Current Market Price on the date of exercise equal to
      the
      aggregate Exercise Price for all shares to be purchased pursuant to this
      Warrant. 

    

    (c)    "Current Market Price"
      as to
      any security on any date specified herein means the average of the daily closing
      prices for the thirty (30) consecutive trading days before such date excluding
      any trades which are not bona fide arm's length transactions. Unless otherwise
      requested by the holder hereof, this Warrant shall be deemed to have been
      exercised and such certificate or certificates shall be deemed to have been
      issued, and the holder or transferee so designated in the Notice of Exercise
      shall be deemed to have become the holder of record of such shares for all
      purposes, as of the close of business on the date on which each of the Notice
      of
      Exercise, payment of the Exercise Price (unless a cashless exercise is being
      effected) and this Warrant are received by the Company.

     

    6.    Certificates
      for Shares.
      Upon
      the exercise of the purchase rights evidenced by this Warrant, one or more
      certificates for the number of Warrant Shares so purchased shall be issued
      as
      soon as practicable thereafter (with appropriate restrictive legends, if
      applicable), and in any event within six (6) business days of the delivery
      of
      the Notice of Exercise.

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    7.    Issuance
      of Shares.
      The
      Company covenants that the Warrant Shares, when issued pursuant to the exercise
      of this Warrant, will be duly and validly issued, fully paid and nonassessable
      and free from all taxes, liens, and charges with respect to the issuance
      thereof.

     

    8.    Adjustment
      of Exercise Price and Kind and Number of Shares.
      The
      number and kind of securities purchasable upon exercise of this Warrant and
      the
      Exercise Price shall be subject to adjustment from time to time as
      follows:

     

    (a)    Subdivisions,
      Combinations and Other Issuances.
      If the
      Company shall at any time prior to the expiration of this Warrant (i) subdivide
      its Common Stock, by split-up or otherwise, or combine its Common Stock, or
      (ii)
      issue additional shares of its Common Stock or other equity securities as a
      dividend with respect to any shares of its Common Stock; the number of shares
      of
      Common Stock issuable on the exercise of this Warrant shall forthwith be
      proportionately increased in the case of a subdivision (by stock split, stock
      dividend or otherwise), or proportionately decreased in the case of a
      combination. Appropriate adjustments shall also be made to the Exercise Price
      payable per share, but the aggregate Exercise Price payable for the total number
      of Warrant Shares purchasable under this Warrant (as adjusted) shall remain
      the
      same. Any adjustment under this Section 8(a) shall become effective at the
      close
      of business on the date the subdivision or combination becomes effective, or
      as
      of the record date of such dividend, or in the event that no record date is
      fixed, upon the making of such dividend. In the event of a Dilutive Transaction
      (as defined below), the number of Warrant Shares thereafter purchasable upon
      exercise of each Warrant shall be determined by multiplying the number of shares
      of Common Stock theretofore purchasable upon exercise of such Warrant by a
      fraction, the numerator of which is shall be the fully-diluted number of shares
      of Common Stock outstanding immediately after such sale or issuance and the
      denominator of which shall be the fully-diluted number of shares of Common
      Stock
      outstanding immediately prior to such sale or issuance plus the number of shares
      of Common Stock which the aggregate consideration received for such sale or
      issuance would purchase at the greater of (i) the Exercise Price per share
      then
      in effect or (ii) the then Fair Value per share. “Aggregate consideration
      received” shall include the premium or other consideration to be paid upon the
      exercise or conversion of any security convertible into Common Stock.
      "Dilutive
      Transaction"
      shall
      mean any issuance by the Company (exclusive of issuances and transactions with
      current employees) after the Closing Date of shares of Common Stock (or Stock
      Purchase Rights or Convertible Securities that would permit the purchase of
      Common Stock) for a consideration less than the greater of (i) the Exercise
      Price per share then in effect or (ii) the then Fair Value per share. Within
      twenty (20) days after the receipt of such a notice, (i) the Company shall
      issue
      to the holder of this Warrant, for no additional consideration, additional
      warrants to acquire, at an exercise price equal to the proposed sale price
      of
      the shares being issued, a number of shares of Common Stock equal to the number
      of shares then being issued by the Company multiplied by such holder's
      percentage of the then total number of outstanding shares of Common Stock
      represented by the then outstanding Warrant and (ii) the holder of issued
      Warrant Shares shall have the right (but not the obligation) to inform the
      Company in writing that such holder elects to have issued to it, at the price
      equal to the proposed sale price of the other shares then being issued, a number
      of shares of Common Stock equal to the number of other shares then being issued
      multiplied by the percentage of the total number of outstanding shares of Common
      Stock represented by the issued warrant shares then held by the
      holder.

     

    (b)    Reclassification,
      Reorganization and Consolidation.
      In case
      of any reclassification, capital reorganization, or change in the Common Stock
      of the Company (other than as a result of a subdivision, combination, or stock
      dividend provided for in Section 8(a) above), then, as a condition of such
      reclassification, reorganization, or change, lawful provision shall be made,
      and
      duly executed documents evidencing the same from the Company or its successor
      shall be delivered to the Holder, so that the Holder shall have the right at
      any
      time prior to the expiration of this Warrant to purchase, at a total price
      equal
      to that payable upon the exercise of this Warrant (subject to adjustment of
      the
      Exercise Price as provided in Section 8), the kind and amount of shares of
      stock
      and other securities and property receivable in connection with such
      reclassification, reorganization, or change by a holder of the same number
      of
      shares of Common Stock as were purchasable by the Holder immediately prior
      to
      such reclassification, reorganization, or change. In any such case appropriate
      provisions shall be made with respect to the rights and interest of the Holder
      so that the provisions hereof shall thereafter be applicable with respect to
      any
      shares of stock or other securities and property deliverable upon exercise
      hereof, and appropriate adjustments shall be made to the purchase price per
      share payable hereunder, provided the aggregate Exercise Price shall remain
      the
      same.

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    (c)    Fundamental
      Transactions.
      If, at
      any time while this Warrant is outstanding, (1) the Company effects any merger
      or consolidation of the Company with or into another person or entity, (2)
      the
      Company effects any sale of all or substantially all of its assets in one or
      a
      series of related transactions, (3) any tender offer or exchange offer (whether
      by the Company or another person or entity) is completed pursuant to which
      holders of Common Stock are permitted to tender or exchange their shares for
      other securities, cash or property, or (4) 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
      the Holder shall have the right to purchase and receive upon the basis and
      upon
      the terms and conditions herein specified and in lieu of the Warrant Shares
      immediately theretofore issuable upon exercise of the Warrant, such shares
      of
      stock, securities or assets (including cash) as would have been issuable or
      payable with respect to or in exchange for a number of Warrant Shares equal
      to
      the number of Warrant Shares immediately theretofore issuable upon exercise
      of
      the Warrant, had such Fundamental Transaction not taken place. 

     

    (d)    Notice
      of Adjustment.
      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 the holder of such event and of the number of shares
      of
      Common Stock or other securities or property thereafter purchasable upon
      exercise of this Warrant.

     

    (e)  Issuance
      of New Warrant.
      Upon
      the occurrence of any of the events listed in this Section 8 that results in
      an
      adjustment of the type, number or exercise price of the securities underlying
      this Warrant, the Holder shall have the right to receive a new warrant
      reflecting such adjustment upon the Holder tendering this Warrant in exchange.
      The new warrant shall otherwise have terms identical to this
      Warrant.

     

    9.    Covenants
      and Conditions.
      

     

    (a)    No
      Impairment.
      Pursuant to the terms and conditions of this Warrant, Company shall: (i) reserve
      an appropriate number of shares of Company’s Common Stock to facilitate the
      issuance of shares to Holder pursuant to this Warrant, (ii) not take any action
      that would materially impair Company’s ability to comply with the terms of the
      Warrant, and (iii) provide Holder with at least ten (10) days prior written
      notice of the record date for any proposed dividend or distribution by the
      Company.

     

    (b)    Registration
      Rights Agreement.
      The
      Company and the Holder shall enter into a Registration Rights Agreement (the
      “Registration
      Rights Agreement”)
      simultaneously with the execution of the Warrant on terms mutually agreeable
      to
      both parties.

     

    10.    No
      Fractional Shares or Scrip.
      No
      fractional shares or scrip representing fractional shares shall be issued upon
      the exercise of this Warrant, but in lieu of such fractional shares the Company
      shall make a cash payment therefor on the basis of the Exercise Price then
      in
      effect, unless such cash payment is less than one dollar ($1.00). 

     

    11.    No
      Stockholder Rights.
      Prior
      to exercise of this Warrant, the Holder shall not be entitled to any rights
      of a
      stockholder with respect to the shares of Common Stock issuable on the exercise
      hereof, including (without limitation) the right to vote such shares of Common
      Stock, receive dividends or other distributions thereon, exercise preemptive
      rights or be notified of stockholder meetings, and such holder shall not be
      entitled to any notice or other communication concerning the business or affairs
      of the Company. However, nothing in this Section 11 shall limit the right of
      the
      Holder to be provided the notices required under this Warrant.

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    12.    Successors
      and Assigns.
      The
      terms and provisions of this Warrant shall inure to the benefit of, and be
      binding upon, the Company and the Holder and their respective successors and
      assigns.

     

    13.    Amendments
      and Waivers.
      Any
      term of this Warrant may be amended and the observance of any term of this
      Warrant may be waived (either generally or in a particular instance and either
      retroactively or prospectively), with the written consent of the Company and
      the
      Holder. Any waiver or amendment effected in accordance with this Section shall
      be binding upon each holder of any shares of Common Stock purchased under this
      Warrant at the time outstanding (including securities into which such shares
      have been converted), each future holder of all such Shares, and the
      Company.

     

    14.    Notices.
      Any
      notice, demand or other communication which any party hereto may be required,
      or
      may elect, to give to anyone interested hereunder shall be sufficiently given
      if
      delivered via fax, personally or by nationally recognized overnight courier
      service or sent by registered or certified mail, return receipt requested,
      addressed to such address as may be given herein, and, except as otherwise
      noted
      herein, must be addressed as follows:

     

        if
      to the Company, to:

     

        MDU
      Communications International, Inc.

        60-D
      Commerce Way

        Totowa,
      New Jersey 07512

        Attn:
      Sheldon Nelson

        Facsimile:
      (973) 237-9499

     

    if
      to the
      Holder, to the Holder’s address as set forth on the Holder's signature page to
      the Purchase Agreement, marked for attention as there indicated,

     

    or
      to
      such other address as the party to whom notice is to be given may have furnished
      to the other parties in writing in accordance with the provisions of this
      Section 15. Any such notice or communication will be deemed to have been
      received: (A) in the case of facsimile, e-mail or personal delivery, on the
      date
      of such delivery; (B) in the case of nationally-recognized overnight courier,
      on
      the next business day after the date sent; and (C) if by registered or certified
      mail, on the third business day following the date postmarked.

     

    15.    Attorneys’
      Fees.
      If any
      action of law or equity is necessary to enforce or interpret the terms of this
      Warrant, the prevailing party shall be entitled to its reasonable attorneys’
fees, costs and disbursements in addition to any other relief to which it may
      be
      entitled.

     

    16.    Captions.
      The
      section and subsection headings of this Warrant are inserted for convenience
      only and shall not constitute a part of this Warrant in construing or
      interpreting any provision hereof.

     

    17.    Governing
      Law.
      This
      Warrant shall be governed by the laws of the State of New York, without regard
      to the provisions thereof relating to conflict of laws.

    

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    

    IN
      WITNESS WHEREOF, MDU Communications International, Inc. caused this Warrant
      to be executed by an officer thereunto duly authorized.

    
      	 	 	 
	 	MDU
              COMMUNICATIONS INTERNATIONAL, INC.
	 
 	 
 	 
 
	Date: __________________	By:  	 
	 	
              
Sheldon
              Nelson
	 	President
              and
              Chief Executive Officer

    

    

    Attest:  

       

    By:
      _____________________________  

    Name:
      ___________________________ 

    Title:
      ____________________________

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

     

    (a)    NOTICE
      OF
      EXERCISE

     

    
      
        	To:	
                MDU
                  Communications International,
                  Inc.

              

      
        
          	Attn:	
                  Corporate
                    Secretary

                

        

         

        The
          undersigned hereby elects to:

      

    

     

    Purchase
      _________________ shares of Common Stock of MDU Communications
      International, Inc., pursuant to the terms of the attached Warrant and payment
      of the Exercise Price per share required under such Warrant accompanying this
      notice.

     

    The
      undersigned hereby represents and warrants that the undersigned is acquiring
      such shares for its own account for investment purposes only, and not for resale
      or with a view to distribution of such shares or any part thereof.

     

    
      	 	HOLDER: 
	 	 
	 	
              By:
                _____________________________  

              Name:
                ___________________________ 

              Title:
                ____________________________ 

            

    

     

    Address:

    

    Date: 
        

    

    Name
      in
      which shares should be registered:

    

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

     

    TAG-ALONG
      RIGHTS AGREEMENT

    

    To
      Each
      Holder of a Warrant to Purchase Common Stock of MDU Communications
      International, Inc. and all Assignees, Transferees and Successors of such
      Holder:

    

    Reference
      is made to the Warrants to Purchase Common Stock of MDU Communications
      International, Inc (the "Warrant(s)") issued pursuant to the Loan and Security
      Agreement between MDU Communications (USA), Inc. and _______________________
      dated as of September 11, 2006. All capitalized terms used in this agreement
      which are defined in the Warrants are used as defined in the Warrants unless
      the
      context otherwise requires.

    

    The
      undersigned, MDU Communications International, Inc., a Delaware corporation
      ("MDUC"), warrants, covenants and agrees with the holders of the Warrants,
      their
      assignees, transferees and successors (the "Warrantholders") as
      follows:

    

    If
      the
      undersigned proposes any sale (other than pursuant to a public offering) (a
      "Sale") of Common Stock ("Common Stock") (or any securities convertible into
      or
      exercisable or exchangeable for Common Stock), that in total exceeds thirty
      percent (30%) of the then issued and outstanding number of shares of Common
      Stock, then it shall permit each Warrantholder to participate as a seller in
      such transaction such that such Warrantholder exercising his or its right of
      co-sale hereunder shall be entitled to sell a percentage of the Warrants which,
      if exercised, would equal one share of Common Stock that the proposed purchaser
      (a "Proposed Purchaser") is willing to acquire in the transaction, times his
      or
      its respective percentage ownership, immediately prior to the sale, of all
      outstanding common stock of all classes (assuming for purposes hereof full
      exercise of all options, warrants and rights to acquire Common Stock of any
      class, including, without limitation, the Warrants).

    

    (a)    The
      undersigned shall give each Warrantholder written notice of a proposed Sale
      of
      Common Stock not less than 15 days before such Sale is to take place. The notice
      ("Sale Notice") shall set forth:

    

    (i)    the
      name
      and address of the Proposed Purchaser,

    

    (ii)    the
      name
      and address of each Warrantholder as shown on the records of the Company, the
      number of Warrants held by each Warrantholder, and the number of shares of
      Common Stock underlying each such Warrant,

    

    (iii)    the
      number of shares of Common Stock proposed to be transferred and the number
      of
      shares issuable upon conversion, exercise or exchange of any other securities
      to
      be transferred by the undersigned,

    

    (iv)    the
      proposed amount and form of consideration and terms and conditions of payment
      offered by such Proposed Purchaser, and

    

    (v)    the
      signed agreement of the Proposed Purchaser acknowledging that he or it has
      been
      informed of this letter agreement and has agreed to purchase Warrants in
      accordance with the terms hereof.

    

    (b)    The
      tag-along rights provided in this agreement may be exercised by any
      Warrantholder (an "Electing Warrantholder") by delivery of a written notice
      (the
      "Tag-Along-Notice") to the undersigned (with a copy to each other Warrantholder)
      within 30 days after receipt of the Sale Notice. The Tag-Along Notice shall
      state the number of Warrants which the Warrantholder wishes to include in such
      sale to the Proposed Purchaser.

    

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

     

    (c)    The
      Proposed Purchaser shall purchase from each Electing Warrantholder the number
      of
      Warrants (or portion thereof) which, if exercised, would be equal to the number
      of shares of Common Stock derived by multiplying (x) the number of shares of
      Common Stock plus the number of shares issuable upon conversion, exercise or
      exchange of any other securities to be purchased by the Proposed Purchaser
      by a
      fraction (y) the numerator of which is the number of shares of Common Stock
      such
      Electing Warrantholder wishes to transfer and the denominator of which is the
      total number of underlying shares of all outstanding and Common Stock (assuming
      for purposes hereof full exercise of all options, warrants and rights to acquire
      Common Stock of any class, including, without limitation, the
      Warrants).

    

    (d)    Any
      Warrants purchased from the Warrantholders pursuant to this agreement shall
      be
      purchased at the same price per share (less the Warrant Exercise Price) and
      otherwise on the same terms and conditions as the proposed Sale (it being
      understood and agreed that such terms and conditions do not include the making
      of any representations and warranties, indemnities or other similar Agreements
      other than representations, warranties and indemnities as to the ownership
      of
      such Warrants and the due authority to sell such Warrants).

     

    
      	 	 	 
	 	MDU
              COMMUNICATIONS
              INTERNATIONAL, INC.
	 
 	 
 	 
 
	 	By:  	 
	 	
              
Sheldon
              Nelson
	 	
              President
                and Chief Executive
                Office

            

    
      
         

      

        9Exhibit
        10.5

    

     

    REGISTRATION
      RIGHTS AGREEMENT

    

     

    This
      REGISTRATION
      RIGHTS AGREEMENT
      (this
“Agreement”)
      is
      made as of the date of the signature of the Company set forth on the signature
      pages hereto, by and among
      MDU COMMUNICATIONS INTERNATIONAL, INC., a
      Delaware corporation, with its principal offices at 60-D Commerce Way, Totowa,
      New Jersey 07512 (including its wholly-owned subsidiary, MDU Communications
      (USA) Inc., as more fully described below, the “Company”),
      and
      each person identified as a Holder on the signature pages hereto (collectively,
      the “Holders”).
      All
      terms used herein but not defined herein shall have the meaning given to them
      in
      the Purchase Agreement (as defined below).

     

    WITNESSETH:

     

    WHEREAS,
      the Company and the Holders have entered into a Warrant to Purchase Common
      Stock
      dated as of September 11, 2006, providing, among other things, for the right
      of
      the Holders to acquire for each (1) warrant (1) share (each a “Share,”
      collectively, the “Shares”)
      of
      the Company’s common stock, par value $0.001 per share (the “Common
      Stock”),
      at an
      exercise price of $___ per share (each a “Warrant,”
      collectively the “Warrants”);
      and

    

    WHEREAS,
      it is a condition to the closing of the Loan and Security Agreement between
      Holder and MDU Communications (USA) Inc. dated as of even date herewith that
      the
      Company execute and deliver this Agreement and provide for the registration
      rights set forth herein.

    

    NOW,
      THEREFORE, the parties, in consideration of the mutual covenants and agreements
      hereinafter set forth, and other good and valuable consideration, the receipt
      and sufficiency of which are hereby acknowledged, hereby agree as
      follows:

     

    SECTION
      1

     

    DEFINITIONS

     

    For
      purposes of this Agreement the following terms shall be defined as
      follows:

     

    The
      term
      the “Exchange
      Act”
means
      the Securities Exchange Act of 1934, as amended.

     

    The
      terms
“register,” “registered”
      and
“registration”
      refer to
      a registration effected by preparing and filing a registration statement or
      statements or similar documents in compliance with the Securities Act and
      pursuant to Rule 415 under the Securities Act or any successor rule providing
      for offering securities on a continuous basis (“Rule
      415”),
      and
      the declaration or ordering of effectiveness of such registration statement
      or
      document by the SEC.

     

    The
      term
“Registrable
      Securities”
      means
      the Warrants and any securities issued or issuable in respect thereof in
      connection with, among other things, a dividend, distribution or split,
      recapitalization, merger, consolidation, any reorganization or other
      distribution with respect to or in exchange for or in replacement of the and
      the
      shares of Common Stock issued upon the exercise of the Warrants (the
“Warrant
      Shares”).

     

    The
      term
“Registration
      Statement”
      means
      any registration statement or comparable document of the Company under the
      Securities Act through which a public sale or distribution of the Company's
      securities may be registered (except a form exclusively for the sale or
      distribution of securities in connection with an employee or consultant stock
      option or purchase plan or for use exclusively in connection with a business
      combination), the prospectus contained therein and all amendments and
      supplements to such Registration Statement, including post-effective amendments,
      all exhibits and all material incorporated by reference in such Registration
      Statement.

     

    The
      term
      the “Securities
      Act”
means
      the Securities Act of 1933, as amended.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    SECTION
      2

     

    REGISTRATION
      RIGHTS

     

    2.1    Shelf
      Registration.

     

    (a)    Upon
      demand by Holder of the Warrant, the
      Company shall prepare and file a Registration Statement on a form that shall
      (A)
      be available for the sale of the Registrable Securities by the selling Holders
      thereof and (B) comply as to form with the requirements of the applicable form
      on which such Registration Statement is filed and include all financial
      statements required by the SEC to be filed therewith (“Shelf
      Registration”)
      with
      the SEC to provide for the offer and sale of the Registrable Securities within
      _____________ days of such demand and shall cause the Shelf Registration to
      become effective under the Act no later than the earlier of (i) ________ days
      from the date of such demand, and (ii) the sixth (6th)
      business day following the date on which the Company is notified by the SEC
      that
      such Shelf Registration will not be reviewed or is no longer subject to further
      review and comments (“Effective
      Date”).

     

    (b)    In
      the
      event the Shelf Registration is not declared effective by the Effective Date,
      the Company shall promptly, but no later than ten (10) days from the Effective
      Date, issue to the Holder, any designee or assignee thereof, or each then holder
      of the Registrable Securities (“Holder”)
      a
      number of shares of Common Stock equal to four percent (4%) of the sum of the
      number of Common Stock issuable upon exercise of the Warrants issued to the
      Holder. In addition, for each thirty (30) day period (each such period
      consisting of thirty consecutive days) after the Effective Date that the Shelf
      Registration has not been declared effective (each a “Default
      Period”),
      the
      Company shall be obligated to issue to the Holder (or any assignee thereof)
      a
      number of shares of Common Stock equal to two percent (2%) of the sum of the
      number of (x) shares of Common Stock issuable upon exercise of the Warrants
      issued to the Holder and (y) the number of Liquidated Damages Shares (as defined
      below) issuable pursuant to this Section 2.1(b) prior to the date of
      determination. Any issuances of Common Stock the Company is obligated to make
      for subsequent Default Periods shall be made no later than ten (10) days from
      the last day of such Default Period. Each share of Common Stock issued pursuant
      to this Section 2.1(b) shall be hereinafter referred to as a “Liquidated
      Damages Share.”
      

     

    (c)    Notwithstanding
      the foregoing, the Company’s obligation to issue the Liquidated Damages Shares
      in connection therewith shall cease one (1) year from the date hereof so long
      as
      the Company has remained current, and remains current for at least one (1)
      contiguous year thereafter, with respect to all of its filings required under
      to
      the Exchange Act (the “Filings”).
      Further, should the Company be not be listed on any securities exchange at
      the
      time of the demand, it shall incur no liability for Liquidated Damages Shares.
      

    

    (d)    The
      Holder may demand the Company register such Registrable Securities at any time
      and up to three times in total, provided however that all such costs incurred
      in
      connection with such Registration shall be borne as follows: (i) the expenses
      for the first demand shall be borne by the Company except to the extent such
      demand occurs within one (1) year from the date hereof , in which case the
      expenses shall be borne by the Holder; (ii) the expenses for the demands after
      the first year following the date hereof shall be borne by the Holder except
      to
      the extent Holder bore the expenses for a demand in the first year following
      the
      date hereof, in which case Company shall bear the cost for the second demand
      and
      Holder shall bear the cost for the third demand.

     

    2.2    Piggyback
      Registration.
      From and
      after the Closing Date and until such time as the Registrable Securities are
      freely saleable under Rule 144 promulgated under the Securities Act without
      volume limitations, if the Company shall determine to proceed with the
      preparation and filing of a Registration Statement in connection with the
      proposed offer and sale of any of its securities by it or any of its security
      holders (other than a registration statement on Form S-4, S-8 or other
      limited purpose form), the Company will give written notice of its determination
      to all record holders of the Registrable Securities. Upon receipt of a written
      request from any such holder within thirty (30) days after receipt of any such
      notice from the Company, the Company will, except as herein provided, cause
      all
      the Registrable Securities owned by such holders to be included in such
      Registration Statement, all to the extent requisite to permit the sale or other
      disposition by the prospective seller or sellers of the Registrable Securities
      to be so registered. If any registration pursuant to this Section 2.2 shall
      be underwritten in whole or in part, the Company may require that the
      Registrable Securities requested for inclusion pursuant to this Section 2.2
      be included in the underwriting on the same terms and conditions as the
      securities otherwise being sold through the underwriters. The obligation of
      the
      Company under this Section 2.2 shall be unlimited as to the number of
      Registration Statements to which it applies.

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    SECTION
      3

     

    REGISTRATION
      PROCEDURES

     

    If
      and
      whenever the Company is required by the provisions of Sections 2.1 or 2.2
      to effect the registration of Registrable Securities under the Securities Act,
      the Company will:

     

    3.1    use
      its
      best efforts to cause such a Registration Statement to become and remain
      effective for a period of two (2) years; provided,
      however,
      that
      any Registration Statement filed pursuant to Section 2.2 may be kept effective
      for such lesser period of time until which all Registrable Securities included
      thereunder are freely salable (without restriction, except with regard to
      Registrable Securities held by persons deemed to be “affiliates” of the Company)
      under Rule 144, if applicable.

     

    3.2    prepare
      and file with the SEC such amendments to such Registration Statement and
      supplements to the prospectus contained therein as may be necessary to keep
      such
      Registration Statement effective for the period of time described in paragraph
      (a) above.

     

    3.3    furnish
      to the security holders participating in such registration and to the
      underwriters of the securities being registered such reasonable number of copies
      of such Registration Statement, preliminary prospectus, final prospectus and
      such other documents as such underwriters may reasonably request in order to
      facilitate the public offering of such securities;

     

    3.4    use
      its
      best efforts to register or qualify the securities covered by the Registration
      Statement under such state securities or blue sky laws of such jurisdictions
      as
      such participating holders may reasonably request in writing within twenty
      (20)
      days following the original filing of such Registration Statement, except that
      the Company shall not for any purpose be required to execute a general consent
      to service of process or to qualify to do business as a foreign corporation
      in
      any jurisdiction wherein it is not so qualified;

     

    3.5    in
      the
      event that a registration involves an underwritten offering, enter into and
      perform its obligations under an underwriting agreement, in usual and customary
      form, including, without limitation, customary indemnification and contribution
      obligations, with the managing underwriter or such offering; 

     

    3.6    notify
      the security holders participating in such registration, promptly after it
      shall
      receive notice thereof, of the time when the Registration Statement has become
      effective or a supplement to any prospectus forming a part of the Registration
      Statement has been filed;

     

    3.7    notify
      such holders promptly of any request by the SEC for the amending or
      supplementing the Registration Statement or prospectus or for additional
      information;

     

    3.8    notify
      such holders promptly of the Company’s reasonable determination that a
      post-effective amendment to a Registration Statement or prospectus would be
      appropriate;

     

    3.9    prepare
      and file with the SEC, promptly upon the request of any such holders, any
      amendments or supplements to the Registration Statement or prospectus which,
      in
      the opinion of counsel for such holders (and concurred in by counsel for the
      Company), is required under the Securities Act or the rules and regulations
      thereunder in connection with the distribution of the Registrable
      Shares;

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    3.10    prepare
      and promptly file with the SEC and promptly notify such holders of the filing
      of
      such amendment or supplement to the Registration Statement or prospectus as
      may
      be necessary to correct any statements or omissions if, at the time when a
      prospectus relating to such securities is required to be delivered under the
      Securities Act, any event shall have occurred as the result of which any such
      prospectus or any other prospectus as then in effect would include an untrue
      statement of a material fact or omit to state any material fact necessary to
      make the statements therein, in the light of the circumstances in which they
      were made, not misleading;

     

    3.11    advise
      such holders, promptly after it shall receive notice or obtain knowledge
      thereof, of the issuance of any stop order by the SEC suspending the
      effectiveness of the Registration Statement or the initiation or threatening
      of
      any proceeding for that purpose and promptly use its best efforts to prevent
      the
      issuance of any stop order or to obtain its withdrawal if such stop order should
      be issued;

     

    3.12    at
      the
      request of holders of a majority of the Registrable Securities included in
      the
      Registration Statement, furnish to the underwriters on the date that the
      Registrable Securities are delivered to underwriters for sale in connection
      with
      a registration pursuant to this Agreement (i) an opinion, dated such date,
      of
      the counsel representing the Company for the purposes of such registration,
      in
      form and substance as is customarily given to underwriters in an underwritten
      public offering, addressed to the underwriters and (ii) a letter dated such
      date, from the independent certified accountants of the Company, in form an
      substance as is customarily given by independent certified public accountants
      to
      underwriters in an underwritten public offering, addressed to the
      underwriters;

     

    3.13    make
      available for inspection by any underwriters participating in an offering
      covering Registrable Securities, and the counsel, accountants or other agents
      retained by any such underwriter, all pertinent financial and other records,
      corporate documents, and properties of the Company, and cause the Company's
      officers, directors and employees to supply all information reasonably requested
      by any such underwriters in connection with such offering;

     

    3.14    if
      the
      Common Stock is then listed on a national securities exchange, cause the
      Registrable Securities to be listed on such exchange, or if reported on NASDAQ,
      to be reported on NASDAQ; 

     

    3.15    provide
      a
      transfer agent and registrar, which may be a single entity, for the Registrable
      Securities not later than the effective date of the Registration Statement
      in
      which Registrable Securities are included; and

     

    3.17    comply
      with all applicable rules and regulations of the Commission and make generally
      available to its security holders earning statements satisfying the provisions
      of Section 11(a) of the Securities Act and Rule 158 thereunder no later than
      forty five (45) days after the end of any twelve (12) month period (or ninety
      (90) days after the end of any twelve (12) month period if such period is a
      fiscal year) commencing on the first day of the first fiscal quarter of the
      Company, after the effective date of the Shelf Registration Statement, which
      statements shall cover said twelve (12) month period.

     

    SECTION
      4

     

    EXPENSES

     

    With
      respect to each inclusion of Registrable Securities in a Registration Statement
      pursuant to Sections 2.1 and 2.2 hereof, the fees, costs and expenses of
      registration to be borne by the Company (except as set forth in Section 2.1(c)
      shall include, all registration, filing, and NASD fees; printing expenses,
      fees
      and disbursements of counsel and accountants for the Company; all legal fees
      and
      disbursements and other expenses of complying with state securities or blue
      sky
      laws of any jurisdictions in which the securities to be offered are to be
      registered and qualified. Fees and disbursements of counsel and accountants
      for
      the selling security holders shall be borne by the selling security holders,
      and
      security holders participating in such registration shall bear their pro rata
      share of the underwriting discounts and commissions and transfer
      taxes.

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    SECTION
      5

     

    CERTAIN
      OBLIGATIONS OF HOLDERS

     

    Each
      Holder agrees that, upon receipt of any notice from the Company of the happening
      of (i) any event of the kind described in 3.6, 3.7, 3.8, 3.10 or 3.11 hereof,
      or
      (ii) a determination by the Company’s Board of Directors that it is advisable to
      suspend use of the prospectus for a discrete period of time due to pending
      corporate developments such as negotiation of a material transaction which
      the
      Company, in its sole discretion after consultation with legal counsel,
      determines it would be obligated to disclose in the Shelf Registration, which
      disclosure the Company believes would be premature or otherwise inadvisable
      at
      such time or would have a material adverse effect on the Company and its
      stockholders, such Holder will forthwith discontinue disposition of such
      Registrable Securities covered by the Shelf Registration or prospectus until
      such Holder’s receipt of the copies of the supplemented or amended prospectus
      contemplated by Section 3.2 hereof, or until such Holder is advised in writing
      by the Company that the use of the applicable prospectus may be resumed, and
      has
      received copies of any additional or supplemental filings that are incorporated
      or deemed to be incorporated by reference in such prospectus. The period of
      time
      in which the use of a prospectus or Shelf Registration is so suspended shall
      be
      referred to as a “Black-Out
      Period.”
The
      Company agrees to so advise such Holder promptly of the commencement and
      termination of any such Black-Out Period, and the Holder agrees to keep the
      fact
      of such Black-Out Period confidential. The Company shall not impose a Black-Out
      Period under this Section 5 for more than thirty (30) consecutive days and
      not
      more than twice in any given twelve (12) month period; provided,
      that at
      least ninety (90) days must pass between Black-Out Periods. Notwithstanding
      the
      foregoing, the Company may suspend the effectiveness of any Shelf Registration
      if the Commission rules and regulations prohibit the Company from maintaining
      the effectiveness of a Shelf Registration because its financial statements
      are
      stale at a time when its fiscal year has ended or it has made an acquisition
      reportable under Item 2 of Form 8-K or any other similar situation until the
      earliest time in which the SEC would allow the Company to re-effect a Shelf
      Registration (provided that the Company shall use its reasonable best efforts
      to
      cure any such situation as soon as possible so that the Shelf Registration
      can
      be made effective at the earliest possible time).

     

    SECTION
      6

     

    INDEMNIFICATION.

     

    6.1    The
      Company will indemnify and hold harmless each holder of Registrable Securities
      which are included in a Registration Statement pursuant to the provisions of
      Sections 2.1 and 2.2 hereof, such Holder’s directors and officers, and any
      underwriter (as defined in the Securities Act) for such holder and each person,
      if any, who controls such holder or such underwriter within the meaning of
      the
      Securities Act, from and against, and will reimburse such holder and each such
      underwriter and controlling person with respect to, any and all loss, damage,
      liability, cost and expense to which such holder or any such underwriter or
      controlling person may become subject under the Securities Act or otherwise,
      insofar as such losses, damages, liabilities, costs or expenses are caused
      by
      any untrue statement or alleged untrue statement of any material fact contained
      in a Registration Statement, any prospectus contained therein or any amendment
      or supplement thereto, or arise out of or are based upon the omission or alleged
      omission to state therein a material fact required to be stated therein or
      necessary to make the statements therein, in light of the circumstances in
      which
      they were made, not misleading; provided, however, that the Company will not
      be
      liable in any such case to the extent that any such loss, damage, liability,
      cost or expenses arises out of or is based upon an untrue statement or alleged
      untrue statement or omission or alleged omission so made in conformity with
      written information furnished by such holder, such underwriter or such
      controlling person specifically for use in the preparation thereof.  
        

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    6.2    Each
      holder of Registrable Securities included in a registration pursuant to the
      provisions of Sections 2.1 and 2.2 hereof will indemnify and hold harmless
      the Company, its directors and officers, any controlling person and any
      underwriter from and against, and will reimburse the Company, its directors
      and
      officers, any controlling person and any underwriter with respect to, any and
      all loss, damage, liability, cost or expense to which the Company or any
      controlling person and/or any underwriter may become subject under the
      Securities Act or otherwise, insofar as such losses, damages, liabilities,
      costs
      or expenses are caused by any untrue statement or alleged untrue statement
      of
      any material fact contained in the Registration Statement, any prospectus
      contained therein or any amendment or supplement thereto, or arise out of or
      are
      based upon the omission or alleged omission to state therein a material fact
      required to be stated therein or necessary to make the statements therein,
      in
      light of the circumstances in which they were made, not misleading, in each
      case
      to the extent, but only to the extent, that such untrue statement or alleged
      untrue statement or omission or alleged omission was so made in reliance upon
      and in strict conformity with written information furnished by or on behalf
      of
      such holder specifically for use in the preparation thereof and provided
      further, that the maximum amount that may be recovered from any holder shall
      be
      limited to the net amount of proceeds received by such holder from the sale
      of
      the Registrable Securities.

     

    6.3    Promptly
      after receipt by an indemnified party under this Section 6 of a notice of the
      commencement of any action (including any governmental action) such indemnified
      party will, if a claim in respect thereof is to be made against any indemnifying
      party hereunder, deliver to the indemnifying party a written notice of the
      commencement thereof. The failure to deliver written notice to the indemnifying
      party within a reasonable time of the commencement of any such action shall
      relieve such indemnifying party of any liability to the indemnified party under
      this Section 6 only to the extent prejudicial to its ability to defend such
      action, but the omission so to deliver written notice to the indemnifying party
      will not relieve it of any liability that it may have to an indemnified party
      otherwise than under this Agreement. The indemnifying party shall have the
      right
      to participate in, and, to the extent the indemnifying party so desires, jointly
      with any other indemnifying party similarly noticed, to assume control of the
      defense thereof with counsel mutually satisfactory to the parties; provided,
      however,
      that an
      indemnified party shall have the right to retain its own counsel, with the
      reasonable fees and expenses to be paid by the indemnifying party, if in the
      reasonable determination of counsel for the indemnifying party, representation
      of such indemnified party by the counsel obtained by the indemnifying party
      would be inappropriate due to actual or potential conflicting interests between
      such indemnified party and any other party represented by such counsel in such
      proceeding. After notice from the indemnifying party to such indemnified party
      of its election so to assume the defense thereof, the indemnifying party will
      not be liable to such indemnified party pursuant to the provisions of paragraph
      6.1 or 6.2 above for any legal or other expense subsequently incurred by such
      indemnified party in connection with the defense thereof other than reasonable
      costs of investigation, unless (i) the indemnified party shall have
      employed counsel in accordance with the provisions of the preceding sentence,
      (ii) the indemnifying party shall not have employed counsel reasonably
      satisfactory to the indemnified party to represent the indemnified party within
      a reasonable time after the notice of the commencement of the action or
      (iii) the indemnifying party has authorized in writing the employment of
      counsel for the indemnified party at the expense of the indemnifying
      party.

     

    SECTION
      7

     

    ADDITIONAL
      RIGHTS AND OBLIGATIONS

     

    7.1    Contribution.
      To the
      extent any indemnification by an indemnifying party is prohibited or limited
      by
      law, the indemnifying party agrees to make the maximum contribution with respect
      to any amounts for which it would otherwise be liable under Section 6 hereof
      to
      the extent permitted by law, provided that (i) no contribution shall be made
      under circumstances where the maker would not have been liable for
      indemnification pursuant to the provisions of Section 6 hereof, (ii) no seller
      of Registrable Securities guilty of fraudulent misrepresentation (within the
      meaning of Section 11(f) of the Securities Act) shall be entitled to
      contribution from any seller of Registrable Securities who was not guilty of
      such fraudulent misrepresentation, and (iii) contribution by any seller of
      Registrable Securities shall be limited to the net amount of proceeds received
      by such seller from the sale of such Registrable Securities.

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

     

    7.2    Assignable
      Rights.
      The
      rights with respect to the Registrable Securities under this Agreement shall,
      in
      addition to being for the benefit of the parties hereto, be for the benefit
      of
      and enforceable by a transferee of the Registrable Securities. The obligations
      of the Company contained in this Agreement shall be binding upon any successor
      to the Company and continue to be in effect with respect to any securities
      issued by any successor to the Company in substitution or exchange for any
      Registrable Securities.

     

    7.3    Reports
      Under Securities Exchange Act.
      With a
      view to making available to the holders of Registrable Securities the benefits
      of SEC Rule 144 and any other rule or regulation of the SEC that may at any
      time
      permit the holders of the Registrable Securities to sell securities of the
      Parent to the public without registration, the Company agrees to:

     

    (a)    make
      and
      keep public information available, as those terms are understood and defined
      in
      SEC Rule 144, at all times;

     

    (b)    file
      with
      the SEC in a timely manner all reports and other documents required of the
      Company under the Securities Act and the Exchange Act; and

     

    (c)    furnish
      to each holder of Registrable Securities, forthwith upon request (i) a
      written statement by the Company that it has complied with the reporting
      requirements of SEC Rule 144, the Securities Act and the Exchange Act, (ii)
      a
      copy of the most recent annual or quarterly report of the Company and such
      other
      reports and documents so filed by the Company and (iii) such other information
      as may be reasonably requested in availing the holders of any Registrable
      Securities of any rule or regulation of the SEC which permits the selling of
      any
      such securities without registration.

    

    SECTION
      8

     

    MISCELLANEOUS
      PROVISIONS

     

    8.1    Waivers
      and Amendments.
      Except
      as expressly provided herein, neither this Agreement nor any term hereof may
      be
      amended or waived except pursuant to a written instrument executed by the
      Company and the Holders that hold at least two-thirds (662⁄3%) of the Registrable
      Securities held by all Holders. Any amendment or waiver effected in accordance
      with this paragraph shall be binding upon all Holders and the Company. The
      failure of any party to exercise any right or remedy under this Agreement or
      otherwise, or the delay by any party in exercising such right or remedy, shall
      not operate as a waiver thereof.

     

    8.2    Notices.
      Any
      notice, demand or other communication which any party hereto may be required,
      or
      may elect, to give to anyone interested hereunder shall be sufficiently given
      if
      delivered via fax, personally or by nationally recognized overnight courier
      service or sent by registered or certified mail, return receipt requested,
      addressed to such address as may be given herein; provided, however, that
      notices with respect to Sections 3.6, 3.7 and 3.8 hereof may be delivered via
      email; and, except as otherwise noted herein, must be addressed as
      follows:

     

    if
      to the
      Company, to:

     

    MDU
      Communications International, Inc.

    60-D
      Commerce Way

    Totowa,
      New Jersey 07512

    Attn:
      Sheldon Nelson

    Facsimile:
      (973) 237-9499

    

    if
      to any
      Holder, to the address shown on such Holder’s signature page hereto, marked for
      attention as there indicated,

     

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

     

    or
      to
      such other address as the party to whom notice is to be given may have furnished
      to the other parties in writing in accordance with the provisions of this
      Section 8.2. Any such notice or communication will be deemed to have been
      received: (A) in the case of facsimile, email or personal delivery, on the
      date
      of such delivery; (B) in the case of nationally-recognized overnight courier,
      on
      the next business day after the date sent; and (C) if by registered or certified
      mail, on the third business day following the date postmarked.

     

    8.3    Descriptive
      Headings and References.
      The
      descriptive headings herein have been inserted for convenience only and are
      not
      deemed to limit or otherwise affect the construction of any provisions
      hereof.

     

    8.4    Applicable
      Law; Jurisdiction.
      This
      Agreement shall be governed by and construed under the internal laws of the
      State of New York without regard to conflict of law rules. The parties hereby
      submit to the exclusive jurisdiction of the courts of the State of New York
      located in New York County and the Federal courts located in the Southern
      District of New York, with respect to any action or legal proceeding commenced
      by either party with respect to this Agreement or the Registrable Securities.
      Each party irrevocably waives any objection it now has or hereafter may have
      respecting the venue of any such action or proceeding or the inconvenience
      of
      such forum, and each party consents to the service of process in any such action
      or proceeding in the manner set forth for the delivery of notices herein.

     

    8.5    Waiver
      of Jury Trial.
      The
      parties hereby waive their rights to a trial by jury in any action or proceeding
      involving any matter arising out of or relating to this Agreement or to the
      Registrable Securities.

     

    8.6    Counterparts.
      This
      Agreement may by executed through the use of separate signature pages or in
      any
      number of counterparts, and each of such counterparts shall, for all purposes,
      constitute one agreement binding on all the parties, notwithstanding that all
      parties are not signatories to the same counterpart.

     

    8.7    Entire
      Agreement.
      This
      instrument contains the entire agreement of the parties, and there are no
      representations, covenants or other agreements except as stated or referred
      to
      herein.

     

    8.8    Severability.
      Whenever possible, each provision of this Agreement shall be interpreted in
      such
      a manner as to be effective and valid under applicable law, but if any provision
      of this Agreement shall be deemed prohibited or invalid under such applicable
      law, such provision shall be ineffective only to the extent of such prohibition
      or invalidity, and such prohibition or invalidity shall not invalidate the
      remainder of such provision or the other provisions of this
      Agreement.

     

    8.9    Third
      Party Beneficiaries.
      Except
      as expressly provided herein, no provision of this Agreement is intended to
      confer any rights, benefits or remedies upon any person other than the parties
      hereto and their respective successors and assigns.

     

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

     

    8.11    Further
      Assurances.
      Each of
      the parties hereto shall execute and deliver such documents and perform such
      further acts (including, without limitation, obtaining any consents, exemptions,
      authorizations or other actions by, or giving any notices to, or making any
      filings with, any governmental authority or any other Person) as may be
      reasonably required or desirable to carry out or to perform the provisions
      of
      this Agreement.

     

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    
IN
      WITNESS WHEREOF, the parties have executed this Registration Rights Agreement
      on
      the day and year first set forth above.

     

    
      	 	 	 
	 	MDU
              COMMUNICATIONS
              INTERNATIONAL, INC.
	 
 	 
 	 
 
	Date: ______________	By:  	 
	 	
              
Sheldon
              Nelson
	 	President
              and
              Chief Executive Officer

    

    Attest:  

       

    By:
      ______________________________

    Name:
      ____________________________

    Title:
      _____________________________

    

    

    [HOLDER
      SIGNATURE PAGES FOLLOW]

    

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

     

    HOLDER
      SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT

     

    The
      undersigned Holder hereby executes this counterpart signature page to the
      Registration Rights Agreement, dated as of September 11, 2006 by and among
      MDU
      COMMUNICATIONS INTERNATIONAL, INC. and certain Holders, including the
      undersigned.

     

    
      
        	 	Holder: 

      

    

     

    
      
         

      

        10

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