Document:

THIS
WARRANT AND THE SHARES ISSUABLE UPON THE EXERCISE OF THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
1933, AS AMENDED, OR ANY APPLICABLE STATE SECURITIES LAW.  THIS
WARRANT OR SUCH SHARES MAY NOT BE SOLD, DISTRIBUTED, PLEDGED, OFFERED FOR SALE, ASSIGNED,
TRANSFERRED, OR OTHERWISE DISPOSED OF UNLESS: (A) THERE IS AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT AND APPLICABLE STATE
SECURITIES LAW
COVERING
ANY SUCH TRANSACTION INVOLVING SAID SECURITIES; (B) THE COMPANY (DEFINED
BELOW) RECEIVES AN OPINION OF LEGAL
COUNSEL FOR THE HOLDER OF THIS WARRANT STATING THAT SUCH TRANSACTION IS EXEMPT FROM REGISTRATION AND SUCH OPINION IS IN FORM AND
SUBSTANCE REASONABLY SATISFACTORY TO THE COMPANY; OR
(C) PURSUANT TO RULE 144 UNDER SUCH ACT.

     

    WARRANT

     

    TO
PURCHASE COMMON STOCK OF

     

    NEXT
ONE INTERACTIVE, INC.

     

    THIS IS TO CERTIFY that, as of the
__________________________
for value received and subject to the provisions hereinafter set forth, ____________________is
entitled to purchase from NEXT
ONE INTERACTIVE, INC., a Nevada corporation (the “Company”), at a price
of  $1.00 per share, subject to adjustment as herein provided (as may
be adjusted, the “Warrant Price”), ____________________
shares of Common Stock of the Company (“Common Stock”), less the number of
shares purchased by the holder upon the exercise of this Warrant from time to
time as noted on Schedule A hereto (the number of shares available for purchase
hereunder at any time, subject to adjustment as hereinafter provided, is
referred to as the “Warrant Number”).

     

    
      	
               
      

            	
              1.

            	
              Exercise
      of Warrant.

            

    

     

    1.1.          Terms of
Exercise.  Subject to the conditions hereinafter set forth,
this Warrant may be exercised in whole at any time, or in part from time to
time, by the holder hereof, by the surrender of this Warrant, together with
written instructions as to the number of shares to be purchased, at the
principal office of the Company Weston, Florida or at such other office as the
Company may designate by written notice to the holder hereof within the
above-mentioned period and upon payment to the Company of the aggregate Warrant
Price (or the proportionate part thereof if exercised in part) for the shares so
purchased in current funds. This Warrant and all rights hereunder shall expire
and shall be null and void to the extent not exercised before this Warrant
expires at the close of business on _____________________, 2013 (the “Expiration
Date”).

     

    1.2.          Payment of Exercise Price;
Payment for the Warrants may be made in cash, by certified or official bank
check.

     

    1.3.          Partial
Exercise.  Each time this Warrant shall be exercised in respect
of fewer than all of the shares of Common Stock at the time purchasable
hereunder (and there shall be no limitation on the number of times the holder
may partially exercise this Warrant), and upon surrender of this Warrant by the
holder to the Company upon exercise, then, at the election of the Company,
either (i) the holder hereof shall be entitled to receive a replacement Warrant
covering the number of shares in respect of which this Warrant shall not have
been exercised and setting forth the aggregate Warrant Price applicable to such
shares, which replacement Warrant shall be identical in all respects to this
Warrant except for the date of issuance and the number of shares issuable upon
the exercise thereof, or (ii) the Company shall make a notation on Schedule A
hereto reflecting the number of shares of Common Stock purchased upon any
exercise hereof.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    1.4           Issuance of
Certificate.  The shares of Common Stock so purchased shall be
deemed to be issued to the holder, as the record owner of such shares, as of the
close of business on the date on which this Warrant shall have been surrendered,
the completed exercise agreement shall have been delivered, and payment shall
have been made for such shares as set in Section 1.2
above.  Certificates for the shares of Common Stock so purchased,
representing the aggregate number of shares specified in the exercise agreement,
shall be delivered to the holder within a reasonable time, not exceeding
ten (10) business days, after
this Warrant shall have been so exercised.  The certificates so
delivered shall be in such denominations as may be reasonably requested by the
holder and shall be registered in the name of the holder.  If this Warrant shall have been exercised only in part, then, unless this Warrant has
expired, the Company shall, at its expense, at the time of delivery of such certificates, deliver
to the holder a new warrant representing the number of shares of Common Stock with respect to
which this Warrant shall not then have been exercised.

     

    1.5           Exercise
Period.  This Warrant may be exercised any time before
5:00 p.m., Eastern Standard time, on the Expiration Date.

     

    2.           Reservation
of Common Stock.  The Company covenants and agrees that during
the period within which the rights represented by this Warrant may be exercised,
the Company will at all times have authorized, and in reserve, a sufficient
number of shares of its Common Stock to provide for the exercise of the rights
represented by this Warrant.

     

    3.           Protection
Against Dilution.   The Warrant Number is subject to
adjustment from time to time upon the occurrence of the events enumerated in, or
as otherwise provided in, this Section 3.

     

    3.1           Adjustment for Change in Capital
Stock.  If the Company:

     

    (1)    
       pays a dividend or makes a
distribution on its Common Stock in shares of its Common Stock;

     

    (2)       
    subdivides or reclassifies its outstanding shares of
Common Stock into a greater number of shares;

     

    (3)           combines
or reclassifies its outstanding shares of Common Stock into a smaller number of
shares;

     

    (4)           makes
a distribution on its Common Stock in shares of capital stock other than Common
Stock; or

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (5)           issues
by reclassification of its Common Stock any shares of its capital
stock;

     

    then the
Warrant Number in effect immediately prior to such action shall be
proportionately adjusted so that the holder may receive the aggregate number and
kind of shares of capital stock of the Company or other capital stock which such
holder would have owned immediately following such action if such Warrant had
been exercised immediately prior to such action.  If, as a result of
any adjustment pursuant to this Section 3.1, the holder shall become entitled to
receive shares of two or more classes or series of securities of the Company or
otherwise, the Board of Directors of the Company shall equitably determine the
allocation of the adjusted Warrant Price between or among such classes or
series.

     

    The
adjustment shall become effective immediately after the record date in the case
of a dividend or distribution and immediately after the effective date in the
case of a subdivision, combination or reclassification.

     

    Such
adjustment shall be made successively whenever any event listed above shall
occur.

     

    3.2           Notice of
Adjustment.  Whenever the Warrant Number is adjusted, the
Company shall provide notice thereof to the holder.

     

    3.3           Additional
Adjustments.                                                                In
the event of any and all adjustments to the Warrant Number in accordance with
this Section 3, the per share Warrant Price shall be adjusted so that it is
equal to the quotient of (a) the aggregate Warrant Price and (b) the Warrant
Number as adjusted.

     

    4.           Mergers,
Consolidations, Sales; Non-Impairment of Rights.  The Company
will not, by amendment of its Articles of Incorporation or through any
reorganization, recapitalization, transfer of assets, consolidation, merger,
dissolution, issuance or sale of securities or any other voluntary action, avoid
or seek to avoid the performance of any of the terms of this Warrant, but will
at all times in good faith take all necessary action to carry out the intent of
all such terms.   Without limiting the generality of the
foregoing, the Company (a) will not cause the par value of any securities
receivable on exercise of this Warrant to be in excess of the amount payable
therefor on such exercise, and (b) will take all action as may be necessary or
appropriate so that the Company may validly and legally issue fully paid and
nonassessable shares (or other securities or property deliverable hereunder)
upon the exercise of this Warrant.

     

    This
Warrant shall bind the successors and assigns of the Company.  In the
case of any consolidation or merger of the Company with another entity, or the
sale of all or substantially all of its assets to another entity, or any
reorganization or reclassification of the Common Stock or other equity
securities of the Company (except a split up or combination, provision for which
is made in Section 3), then, as a condition of such consolidation, merger, sale,
reorganization or reclassification, lawful and adequate provision shall be made
whereby the holder of this Warrant shall thereafter have the right to receive
upon the basis and upon the terms and conditions specified herein and in lieu of
the shares of Common Stock immediately theretofore purchasable hereunder, such
shares of stock, securities or assets as may (by virtue of such consolidation,
merger, sale, reorganization or reclassification) be issued or payable with
respect to or in exchange for a number of outstanding shares of Common Stock
equal to the number of shares of Common Stock immediately theretofore so
purchasable hereunder had such consolidation, merger, sale, reorganization or
reclassification not taken place, and in any such case appropriate provision
shall be made with respect to the rights and interests of the holder of this
Warrant to the end that the provisions hereof (including, without limitation,
provisions for adjustment of the Warrant Number and the per share Warrant Price)
shall thereafter be applicable as nearly as may be, in relation to any shares of
stock, securities or assets thereafter deliverable upon exercise of this
Warrant.  The Company shall not effect any such consolidation, merger
or sale, unless prior to or simultaneously with the consummation thereof, the
successor entity (if other than the Company) resulting from such consolidation
or merger or the entity purchasing such assets shall assume by written
instrument the obligation to deliver to the holder such shares of stock,
securities or assets as, in accordance with the foregoing provisions, such
holder may be entitled to receive.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    Notwithstanding
the foregoing, if any event occurs as to which the other provisions of this
Warrant are not strictly applicable or if strictly applicable would not fairly
protect the purchase rights of this Warrant in accordance with the essential
intent and principles of such provisions, then the Board of Directors shall make
an adjustment in the application of such provisions, in accordance with such
essential intent and principles, in order to protect such purchase rights, and
shall provide notice thereof to the holder of this Warrant.

     

    5.           Dissolution
or Liquidation.  In the event of
any proposed distribution of the assets of the Company in dissolution or
liquidation (except under circumstances when the foregoing Section 4 shall be
applicable) the Company shall mail notice thereof to the holder of this Warrant
and shall make no distribution to shareholders until the expiration of 30 days
from the date of mailing of the aforesaid notice and, in any such case, the
holder of this Warrant may exercise this Warrant within 30 days from the date of
mailing such notice, and all rights herein granted not so exercised within such
30 day period shall thereafter become null and void.

     

    6.           Fractional
Shares.  The
Company shall not issue any fractional shares nor scrip representing fractional
shares upon exercise of any portion of this Warrant.

     

    7.           Fully
Paid Stock; Taxes.  The Company covenants and agrees that the
shares of stock represented by each and every certificate for its Common Stock
to be delivered on any exercise of this Warrant shall, at the time of such
delivery, be duly authorized, validly issued and outstanding and be fully paid
and nonassessable.  The Company further covenants and agrees that it
will pay when due and payable any and all federal and state taxes, other than
taxes on income, which may be payable in respect of this Warrant or any Common
Stock or certificates therefor upon the exercise of the rights herein provided
for pursuant to the provisions hereof.  The Company shall not,
however, be required to pay any tax which may be payable in respect of any
transfer involved in the transfer and delivery of stock certificates in the name
other than that of the holder of the Warrant converted, and any such tax shall
be paid by such holder at the time of presentation.

     

    8.           Closing
of Transfer Books.  The holder of
this Warrant shall continue to have the right to exercise this Warrant even
during a period when the stock transfer books of the Company for its Common
Stock are closed.  The Company shall not be required, however, to
deliver certificates of its Common Stock upon such exercise while such books are
duly closed for any purpose, but the Company may postpone the delivery of the
certificates for such Common Stock until the opening of such books, and they
shall, in such case, be delivered forthwith upon the opening thereof, or as soon
as practicable thereafter.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    9.           Assignments.   The
holder shall be permitted to assign, sell or otherwise transfer this Warrant,
subject to the Company’s receipt of an opinion of counsel to the holder, which
counsel and which opinion shall be reasonably acceptable to the Company, to the
effect that such assignment, sale or other transfer is permitted under
applicable state and federal securities laws.

     

    10.        Lost,
Stolen Warrants, etc.  In case any
Warrant shall be mutilated stolen or destroyed, the Company may issue a new
Warrant of like date, tenor and denomination and deliver the same in exchange
and substitution for and upon surrender and cancellation of any mutilated
Warrant, or in lieu of any Warrant lost, stolen or destroyed, upon receipt of
evidence satisfactory to the Company of the loss, theft or destruction of such
Warrant, and upon receipt of indemnity satisfactory to the Company.

     

    11.        Warrant
Holder Not Shareholder.  This Warrant does
not confer upon the holder hereof any right to vote or to consent or to receive
notice as a shareholder of the Company, as such, in respect of any matters
whatsoever, or any other rights or liabilities as a shareholder, prior to the
exercise hereof as hereinbefore provided.

     

    12.        Payment
of Expenses.  The
Company shall reimburse the holder of this Warrant for all costs and expenses
incurred by such holder (including without limitation the legal fees of the
holder) in connection with:  (i) the negotiation, preparation, execution and delivery of this Warrant
and the other agreements to be executed in connection herewith; (ii) the issuance of certificates for shares
of Common Stock upon the exercise of this Warrant; and (iii) the enforcement by
the holder of this Warrant.  The
Company shall pay any issuance tax in
connection with the issuance of certificates
for the shares of Common Stock upon the exercise of the Warrant; provided,
however, that the Holder shall be responsible for any income or other taxes in
connection with such issuance.

     

    13.        Severability.  Should any part
of this Warrant for any reason be declared invalid, such decision shall not
affect the validity of any remaining portion, which remaining portion shall
remain in force and effect as if this Warrant had been executed with the invalid
portion thereof eliminated, and it is hereby declared the intention of the
parties hereto that they would have executed and accepted the remaining portion
of this Warrant without including therein any such part, parts or portion which
may, for any reason, be hereafter declared invalid.

     

    14.        Notice.   All notices
and other communications required or permitted to be given under any Agreement
shall be personally delivered or shall be sent by certified mail, return receipt
requested, postage prepaid, overnight delivery or confirmed facsimile
transmission to the Company at its principal address in Fort Lauderdale, Florida
and to the holder of this Warrant at that holder’s address in the records of the
Company or, as to either party or any subsequent holder of this Warrant, to such
other address and/or facsimile number as such party designates by written notice
to the other party or parties.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

     

    [Signature
Page Follows]

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

     

    IN
WITNESS WHEREOF, the Company has caused this Warrant to be signed and attested
by its duly authorized officers as of the day and year first set forth
above.

     

    
      
        
          
            
              
                
                  
                    
                      	 
      	Next
      One Interactive, Inc.	 
	 
      	 
      	 
      	 
	 
      	      
                              By:

                            	
                               

                            	 
	 
      	 
      	
                               
      William
      Kerby

                            	 
	 
      	 
      	
                               
      Chief
      Executive Officer

                            	
                               

                            

                    

                  

                

              

            

          

        

      

    

     

     

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    Schedule
A

     

    Shares
of Common Stock Purchased Upon Exercise

    
 

    
      
        
          
            	
                    Date
      of 

                    Exercise

                  	
                     

                    Number
      of Shares

                  	
                    Signature
      of an authorized 

                    officer
      of Next One 

                    Interactive,
      Inc.

                  	
                    Signature
      of the holder of

                    the
      Warrant

                  
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      

          

        

        

         

         

        
          
             

          

          
             

            
              

            

          

          
             

          

        

      

    

     

    ASSIGNMENT

     

    FOR VALUE
RECEIVED _________________________hereby sells, assigns and transfers unto
_______________________ the within Warrant and all rights evidenced thereby and
does irrevocably constitute and appoint __________________________, attorney, to
transfer the said Warrant on the books of the within named Company.

     

    

     

    
      
        
          
            
              
                
                  
                    	 
      	   
      
	 	 	 
	 
      	 
      	 
      
	 
      	
                            By:

                          	  
      
	 	 	 
	 
      	 
      	 
      
	 
      	
                            Its:

                          	  
      

                  

                

              

            

          

        

      

    

    

     

    

     

    
      
        
          
            	
                    Dated:

                  	   
      	 
      

          

        

      

    

    

     

    

     

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    PARTIAL
ASSIGNMENT

     

    FOR VALUE
RECEIVED ______________________________ hereby sells, assigns and transfers unto
_______________________________ that portion of the within Warrant and the
rights evidenced thereby which will an the date hereof entitle the holder to
purchase __________ shares of Common Stock of Next One Interactive Inc., and
does hereby irrevocably constitute and appoint __________________________,
attorney, to transfer that part of the said Warrant on the books of the within
named Company.

     

    

     

    
       

      
        
          
            
              
                
                  
                    
                      	 
      	   
      
	 	 	 
	 
      	 
      	 
      
	 
      	
                              By:

                            	  
      
	 	 	 
	 
      	 
      	 
      
	 
      	
                              Its:

                            	  
      

                    

                  

                

              

            

          

        

      

      

       

      

       

      
        
          
            
              	
                      Dated:

                    	   
      	 
      

            

          

        

      

      

       

    

     

    

     

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    SUBSCRIPTION

     

    (To be
completed and signed only upon an exercise of the Warrant in whole or in
part)

     

    TO: Next
One Interactive, Inc..: 

    Attn:
Desiree Donnenberg

    954.888.9082
fax  or ddonnenberg@nxoi.com

    

    The
undersigned, the holder of the attached Warrant, hereby irrevocably elects to
exercise the purchase right represented by the Warrant for, and to purchase
thereunder, ______ shares of Common Stock (or other securities or property), and
herewith makes payment of $____________ therefor in cash, by certified or
official bank check or such other form of payment as may be permitted under the
Warrant.  The undersigned hereby requests that the Certificate(s) for
such securities be issued in the name(s) and delivered to the address(es) as
follows:

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                	
                                        Name:

                                      	
                                           
      

                                      	 
	 	 	 
	
                                        Address:

                                      	
                                          
      

                                      	 
	 	 	 
	
                                        Social
      Security Number:

                                      	
                                          
      

                                      	 
	 	 	 
	
                                        Deliver
      to:

                                      	
                                         
      

                                      	 
	 	 	 
	
                                        Address:

                                      	
                                          
      

                                      	 

                              

                            

                          

                        

                      

                    

                     

                  

                

              

            

          

        

      

    

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

     

    
      
        
          
            
              
                	
                        Name:

                      	
                          
      

                      	 
	 	 	 
	
                        Address:

                      	
                           
      

                      	 

              

            

          

        

      

    

     

    DATED:                      ____________________,
20___

     

    
      
        
          
            	    
      	
                      
      

                  
	
                    (Social
      Security or Taxpayer Identification

                  	
                    (Name
      of Holder)

                  
	
                     Number
      of Holder)

                  	 
      
	 	 
	 
      	
                      
      

                  
	 
      	
                    (Signature
      of Holder or Authorized Signatory)

                  
	 
      	
                    Signature
      Guaranteed:Unassociated Document

     

    
      SUBSCRIPTION
AND INVESTMENT REPRESENTATION AGREEMENT

      

      Units
comprised of (i) one (1) share of common stock, par value $0.00001 per share
(the “Common Stock”) and (ii) two warrants, with each full warrant allowing
the  purchase one  (1) share of Common Stock, (collectively
the “Unit” or “Units”)

      

       (Except
as otherwise noted, all references to “dollars” or “$” are in United States
dollars).

      

      The
undersigned, ___________________________________________ (the “undersigned” or
the “Investor”), hereby
subscribes for the purchase of Units of Next 1 Interactive, Inc. Next 1, a
Nevada corporation (“Next 1”), in the
aggregate amount of $_________.    The undersigned herewith
submits the undersigned’s check or effects a wire transfer of immediately
available funds in the amount of $______________ in full payment for such Units
(the “Subscription
Price”).  In exchange for such payment of the Subscription
Price, the undersigned shall receive from the Next 1 ________________ amount of
Units.

      

      The
undersigned understands that the offering and sale of the Units will only remain
open until ________, 2010.

      

      The
undersigned hereby agrees to send payment of the $_____________ Subscription
Price either:

      

      

      
        	
                 
      

              	
                a.

              	
                by
      mailing a check, payable to  Next 1 Interactive, Inc.
      “

              

      

      

      
        	
                 
      

              	
                b.

              	
                wiring
      payment of the Subscription Price to the account set forth
      below

              

      

      

      Name
of Bank:  Bank of America

      Address
of Bank:  1381 Weston Rd, Weston FL

      Account
Name: Next 1 Interactive, Inc.

      Account
No.:

      ABA
No.:  026009593

      Reference:
Next 1 Interactive, Inc.

      

      In either
case, the undersigned agrees to execute this Subscription and Investment
Representation Agreement and mail same to Next One Interactive Inc, 2400 North
Commerce Parkway, Weston, Florida, 33326, Attn: Bill Kerby – CEO.

      

      Consummation
of the sale of the Securities to the undersigned and to all other Investors in
connection with the offering of a maximum of $500,000 of Units shall be
completed on or before ________, 2010 (the “Closing Date”),
unless such Closing Date shall be extended by the Company.

      

      1.  Certain
Representations of the Subscriber

      

      In
connection with, and in consideration of, the sale of the Securities to the
undersigned, the undersigned hereby represents and warrants to the Company and
its officers, directors, employees, agents and shareholders that the
undersigned:

      

      (a)  Is
familiar with (i)  Next 1’s Public Filings and is entering this
private placement agreement  in connection with this Next 1’s offering
of up to ______ Units in the amount of $________ per unit with each unit
comprised of ___________ common shares of Next 1 Interactive Inc and
___________warrants with each warrant having a three (3) year term and an
exercise price of $1.00 for  Next 1 Common Stock  and (ii)
such other information as the undersigned has received from Next 1
(collectively, the “Next 1
Materials”).

      

      (b)  Has
had an opportunity to review and ask questions of an officer of Next 1
concerning the Next 1 Materials and desires no further information respecting
such Next 1 Materials.

       

      
        
          
          

        

        
          1

          
            

          

        

        
          
          

        

      

       

      (c)  Realizes
that Next 1 has incurred losses since its inception and must raise additional
funds to support its operations.

      

      (d)  Realizes
and accepts the personal financial risk attendant to the fact that that purchase
of the Units represents a speculative investment involving a high degree of
risk, and should not be purchased by any persons not prepared to lose their
entire investment.

      

      (e)  Can
bear the economic risk of an investment in the Units for an indefinite period of
time, can afford to sustain a complete loss of such investment, has no need for
liquidity in connection with an investment in the Units, and can afford to hold
the Units indefinitely.

      

      (f)  Realizes
that there will be a limited market for the Units, and that there are
significant restrictions on the transferability of such Units.

      

      (g)  Realizes
that the Units have not been registered for sale under the Securities Act of
1933, as amended (the “Act”), or applicable
state securities laws (the “State Laws”), and they may be sold only pursuant to
registration under the Act and State Law, or an opinion of counsel that such
registration is not required.

      

      (h)  Is
experienced and knowledgeable in financial and business matters, capable of
evaluating  the merits and risks of investing in the Units and does
not need or desire the assistance of a knowledgeable representative to aid in
the evaluation of such risks (or, in the alternative, has a knowledgeable
representative whom such investor intends to use in connection with a decision
as to whether to purchase the Units).

      

      (i)  Realizes
that (a) there are substantial restrictions on the transfer of the Units; (b)
there is currently limited public market for the Units and accordingly, for the
above and other reasons, the undersigned may not be able to liquidate an
investment in such securities for an indefinite period.

      

      2.  REPRESENTATIONS AND
WARRANTIES OF NEXT 1. Next 1 represents and warrants to and agrees with
Investor, as follows:

      

      (a)  The
Next 1 Materials as of their respective dates do not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statements therein, in the light of the circumstances under which they were
made, not misleading.

      

      (b)  Next
1 is authorized to issue 200,000,000 shares of its Common Stock. As of the date
hereof, an aggregate of 35,951,698 shares of Common Stock are issued and
outstanding.

      

      (c)  All
of the outstanding shares of capital stock of Next 1 has been duly authorized
and validly issued, is fully paid and non-assessable.

      

      (d)  Next
1 has the requisite corporate power and authority to enter into and execute,
deliver and perform their obligations under this Agreement, the Units and the
Warrants (collectively, the “Transaction
Documents”), including, without limitation to to permit the exercise of
such Warrants into Common Stock of Next 1. Each of the Transaction Documents has
been duly and validly authorized by Next 1 and, when executed and delivered by
Next 1, will constitute a valid and legally binding agreement of Next 1,
enforceable against Next 1 in accordance with their terms except as the
enforcement thereof may be limited by (A) bankruptcy, insolvency,
reorganization, fraudulent conveyance, moratorium or other similar laws now or
hereafter in effect relating to or affecting creditors' rights generally or (B)
general principles of equity and the discretion of the court before which any
proceeding therefore may be brought (regardless of whether such enforcement is
considered in a proceeding at law or in equity) (collectively, the “Enforceability
Exceptions”).

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

       

      (e)  The
Units have been duly authorized and, when issued upon payment thereof in
accordance with this Agreement, will have been validly issued, fully paid and
nonassessable.  The stockholders of Next 1 have no preemptive or
similar rights with respect to the Common Stock.

      

      (f)  The
execution, delivery and performance by Next 1 of the Transaction Documents and
the consummation by Next 1 of the transactions contemplated thereby and the
fulfillment of the terms thereof will not violate, conflict with or constitute
or result in a breach of or a default under (i) the articles of incorporation of
Next 1 or the bylaws of Next 1 (or similar organizational document) or (ii) any
statute, judgment, decree, order, rule or regulation of any court or
governmental agency or other body applicable to Next 1or any of its respective
properties or assets.

      

      3.  Investment
Intent

      

      The
undersigned has been advised that the Units have not been registered under the
Act or relevant State Laws but are being offered, and will be offered, and sold
pursuant to exemptions from the Act and State Laws, and that Next 1’s reliance
upon such exemption is predicated in part on the undersigned’s representations
contained herein.  The undersigned represents and warrants that the
Units are being purchased for the undersigned’s own account and for long term
investment and without the intention of reselling or redistributing the Units;
that the undersigned has made no agreement with others regarding any of the
Units; and that the undersigned’s financial condition is such that it is not
likely that it will be necessary for the undersigned to dispose of any of the
Units in the foreseeable future.  The undersigned is aware that (1)
there is presently no public market for the Units, and in the view of the
Securities and Exchange Commission a purchase of securities with an intent to
resell by reason of any foreseeable specific contingency or anticipated change
in market values, or any change in the liquidation or settlement of any loan
obtained for the acquisition of any of the Units and for which the Units were or
may be pledged as security would represent an intent inconsistent with the
investment representations set forth above, and (2) the transferability of the
Units is restricted and (a) requires the written consent of Next 1, and (b) will
be further restricted by a legend placed on the certificate(s) representing the
Units containing substantially the following language:

      

      The
securities represented by this certificate have not been registered under either
the Securities Act of 1933 or applicable state securities laws and may not be
sold, transferred, assigned, offered, pledged or otherwise distributed for value
unless there is an effective registration statement under such Act and such laws
covering such securities, or Next 1 receives an opinion of counsel acceptable to
Next 1 stating that such sale, transfer, assignment, offer, pledge or other
distribution for value is exempt from the registration and prospectus delivery
requirements of such Act and such laws.

      

      The
undersigned further represents and agrees that if contrary to the undersigned’s
foregoing intentions, the undersigned should later desire to dispose of or
transfer any of the Units in any manner, the undersigned shall not do so without
first obtaining (1) an opinion of counsel satisfactory to Next 1 that such
proposed disposition or transfer may be made lawfully without the registration
of such Units pursuant to the Act and applicable State Laws, or (2) registration
of such Units (it being expressly understood that Next 1 shall not have any
obligation to register such Units except as explicitly provided by written
agreement).

      

      4.  Residence

      

      The
undersigned represents and warrants that the undersigned is a bona fide resident of
_________________________ and that the Units are being accepted by the
undersigned in the undersigned’s name solely for the undersigned’s own
beneficial interest and not as nominee for, on behalf of, for the beneficial
interest of, or with the intention to transfer to, any other person, trust or
organization except as specifically set forth in this Agreement).

      

      PARAGRAPH
6 BELOW IS REQUIRED IN CONNECTION WITH EXEMPTIONS FROM THE ACT AND STATE LAWS
BEING RELIED ON BY NEXT 1 WITH RESPECT TO OFFER AND SALE OF THE
UNITS.  ALL OF SUCH INFORMATION WILL BE KEPT CONFIDENTIAL AND WILL BE
REVIEWED ONLY BY NEXT 1, THE AGENT, AND THEIR COUNSEL.  THE
UNDERSIGNED AGREES TO FURNISH ANY ADDITIONAL INFORMATION WHICH NEXT 1 OR THEIR
COUNSEL DEEMS NECESSARY IN ORDER TO VERIFY THE RESPONSES SET FORTH
ABOVE.

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

       

      5.  Accredited
Status

      

      The
undersigned represents and warrants as follows (check if
applicable):

      

      a.  Accredited Investor:
Individual

      

      (1)_______
The undersigned is an individual with a net worth, or a joint net worth together
with his or her spouse, in excess of $1,000,000.  (In calculating net
worth, you may include equity in personal property and real estate, including
your principal residence, cash, short term investments, stock and
securities.  Equity in personal property and real estate should be
based on the fair market value of such property minus debt secured by such
property.)

      

      (2)________
The undersigned is an individual who had an individual income in excess of
$200,000 in each of the prior two years and reasonably expects an income in
excess of $200,000 in the current year; or

      

      (3)________
The undersigned is an individual who had with his/her spouse joint income in
excess of $300,000 in each of the prior two years and reasonably expects an
income in excess of $300,000 in the current year.

      

      (4)________
The undersigned is a director or executive officer of the Company.

      

      b.  Accredited Investor:
Entity

      

      (1)________
The undersigned is an entity all of whose equity owners meet one of the tests
set forth in a through d above.

      

      (2)________
The undersigned is an entity and is an “Accredited Investor” as defined in Rule
501(a) of Regulation D under the Act.  This representation is based on
the following (check one or more, as applicable):

      

      (a)______
The undersigned (or in the case of a trust, the undersigned trustee) is a bank
or savings and loan association as defined in Sections 3(a)(2) and 3(a)(5)(A) of
the Act, acting either in its individual or fiduciary capacity.

      

      (b)______
The undersigned is an insurance company as defined in Section 2(13) of the
Act.

      

      (c)______
The undersigned is an investment company registered under the Investment Company
Act of 1940 or a business development company as defined in Section 2(a)(48) of
that Act.

      

      (d)______
The undersigned is a Small Business Investment Company licensed by the U.S.
Small Business Administration under Section 301(c) or (d) of the Small Business
Investment Act of 1958.

       

      (e)______
The undersigned is an employee benefit plan within the meaning of Title I of the
Employee Retirement Income Security Act of 1974 and either (check one
of more, as applicable):

       

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

       

      (i)________
the investment decision is made by a plan fiduciary, as defined in Section 3(21)
of such Act, which is either a bank, savings and loan association, insurance
company, or registered investment advisor; or

      

      (ii)________
the employee benefit plan has total assets in excess of $5,000,000;
or

      

      (iii)________
the plan is a self-directed plan with investment decisions made solely by
persons who are “Accredited Investors” as defined under the 1933
Act.

      

      (f)______
The undersigned is a private business development company as defined in Section
202(a)(22) of the Investment Advisors Act of 1940.

      

      (g)______
The undersigned has total assets in excess of $5,000,000, was not formed for the
specific purpose of acquiring shares of the Company and is one or more of
the following (check one or more, as appropriate):

      

      (i)________an
organization described in Section 501(c)(3) of the Internal Revenue Code;
or

      

      (ii)________
a corporation; or

      

      (iii)________
a Massachusetts or similar business, trust; or

      

      (iv)________
a partnership.

      

      (h)______
The undersigned is a trust with total assets exceeding $5,000,000, which was not
formed for the specific purpose of acquiring shares of the Company and whose
purchase is directed by a person who has such knowledge and experience in
financial and business matters that he/she is capable of evaluating the merits
and risks of the investment in the Units.  IF
ONLY THIS RESPONSE IS CHECKED, PLEASE CONTACT THE COMPANY TO RECEIVE AND
COMPLETE AN INFORMATION STATEMENT BEFORE THIS SUBSCRIPTION CAN BE CONSIDERED BY
NEXT 1.

      

      6.  Manner
in Which Title to the Units and warrants Is To Be Held

      

      Please
check one:

      ______Individual

      ______Joint
Tenant with Right of Survivorship

      ______Partnership

      ______Tenants
in Common

      ______Corporation

      ______Other
(Specify_____________________)

      

      7.  Miscellaneous

      

      (a)  The
undersigned agrees that the undersigned understands the meaning and legal
consequences of the agreements, representations, and warranties contained
herein; agrees that such agreements, representations and warranties shall
survive and remain in full force and effect after the execution of the Units;
and further agrees to indemnify and hold harmless Next 1, each of their current
and future officers, directors, employees, agents and shareholders from and
against any and all loss, damage or liability due to, or arising out of, a
breach of any agreement, representation or warranty of the undersigned contained
herein.

       

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

       

      (b)  This
Agreement shall inure to the benefit of and be binding upon Investor, Next
1  and their respective successors and legal representatives. Neither
Next 1, nor any Investor may assign this Agreement or any rights or obligation
hereunder without the prior written consent of the other party.

      

      (c)  This
Agreement, together with Transaction Documents, constitutes the entire agreement
among the parties hereto and supersedes all prior agreements, understandings and
arrangements, oral or written, among the parties hereto with respect to the
subject matter hereof and thereof.

      

      (d)  If
any provision of this Agreement is held to be invalid or unenforceable in any
respect, the validity and enforceability of the remaining terms and provisions
of this Agreement shall not in any way be affected or impaired
thereby.

      

      (e)  THE
VALIDITY AND INTERPRETATION OF THIS AGREEMENT, AND THE TERMS AND CONDITIONS SET
FORTH HEREIN SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF
THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO PROVISIONS RELATING TO CONFLICTS
OF LAW TO THE EXTENT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD
BE REQUIRED THEREBY.  THE PARTIES HEREBY IRREVOCABLY AND
UNCONDITIONALLY AGREE THAT ACTIONS, SUITS OR PROCEEDINGS ARISING OUT OF OR
RELATING TO THIS AGREEMENT MAY BE BROUGHT ONLY IN STATE OR FEDERAL COURTS
LOCATED IN THE CITY OF NEW YORK, NEW YORK AND HEREBY SUBMIT TO THE EXCLUSIVE
JURISDICTION OF SUCH COURTS FOR SUCH PURPOSE.

      

      (f)  This
Agreement may be executed in two or more counterparts, each of which shall be
deemed an original, but all of which together shall constitute one and the same
instrument.

      

      (g)  Facsimile
signatures shall be construed and considered original signatures for purposes of
enforcement of the terms of this agreement.

       

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

      

        SIGNATURE PAGE TO SUBSCRIPTION
AGREEMENT

         

         

        INDIVIDUAL
SUBSCRIBERS:

      

       

      
        
          	
                   

                	 
      
	
                  Signature

                	 
      
	 
      	 
      
	
                   

                	 
      
	
                  Name
      (Typed or Printed)

                	 
      
	 
      	 
      
	
                   

                	 
      
	
                  Street
      Address

                	 
      
	 
      	 
      
	
                   

                	 
      
	
                  City,
      State and Zip Code

                	 
      
	 
      	 
      
	
                   

                	 
      
	
                  Home
      Telephone Number

                	 
      
	 
      	 
      
	
                   

                	 
      
	
                  Social
      Security Number

                	 
      
	 
      	 
      
	
                   

                	 
      
	
                  Tax
      Identification Number (for corporations or other entities)

                	 
      

        

      

       

      Next 1
Interactive, Inc., hereby acknowledges receipt from ______________________of such subscriber’s check
in the amount of $_______ _____, and
accepts this subscription of ____Units
as of _________, 2010.

       

      
        	 
      	
                NEXT
      1 INTERACTIVE, INC.

              
	 
      	 
      
	 
      	
                 

              
	 
      	
                Signature

              
	 
      	 
      
	 
      	
                 

              
	 
      	
                Name
      (Typed or Printed)

              
	 
      	 
      
	 
      	
                 

              
	 
      	
                Title

              

      

       

      
        
          
          

        

        
          7

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