Document:

THIS
CONVERTIBLE PROMISSORY NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
1933, AS AMENDED.  NO SALE OR DISPOSITION MAY BE EFFECTED EXCEPT IN
COMPLIANCE WITH RULE 144 UNDER SAID ACT OR AN EFFECTIVE REGISTRATION STATEMENT
RELATED THERETO OR AN OPINION OF COUNSEL FOR THE HOLDER.

    

    I-WEB MEDIA,
INC.

    CONVERTIBLE PROMISSORY
NOTE

    

    
      
        	
                Principal
      Amount:  $125,000

              	
                December
      10, 2010

              

      

    

    

    FOR VALUE
RECEIVED, I-Web Media, Inc., a Delaware corporation, its assigns and successors
(the “Company”), hereby promises to pay to the order of RWIP, LLC, an Oregon
limited liability company, (the “Holder”), in immediately available funds, the
total principal sum of One Hundred Twenty Five Thousand Dollars
($125,000).  The principal hereof and any unpaid accrued interest
thereon shall be due and payable on or before 5:00 p.m., Eastern Standard
Time, on February 28, 2011 (the “Maturity Date”) (unless such payment date is
accelerated as provided in Section 7 hereof).  Payment of all amounts
due hereunder shall be made at the address of the Holder provided for in Section
8 hereof.  Interest shall accrue at the rate of ten percent (10%) per
annum on this Note from the date hereof.

    

    1.           HISTORY OF THE
LOAN.  This Note is being delivered to Holder as consideration
under that certain Asset Purchase Agreement by and between the Company and
Holder, dated of even date hereof (the “Asset Purchase Agreement”).

    

    2.           PAYMENT
SCHEDULE.  All principal and interest due under this Note will
be due and payable by the Company to the Holder on February 28,
2011.  At the Company’s sole discretion, the Company may elect to make
any payments due and owing under this Note with shares of its common stock,
restricted in accordance with Rule 144, at the value of one dollar ($1.00) per
share.

    

    3.           PREPAYMENT.  The
Company may at any time prepay all or any part of the principal balance of this
Note, at a prepayment price equal to One Hundred Percent (100%) of the
then-outstanding principal and interest, provided that concurrently with each
such prepayment the Company shall pay accrued interest on the principal, if any,
so prepaid to the date of such prepayment.  The 30 days written
notice, and the end of the 30 day period, shall be referred to herein as a
“Prepayment Notice” and a “Prepayment Date,” respectively.  In the
event that the Company sends a Prepayment Notice to Holder, Holder may elect
prior to the Prepayment Date to convert into common stock of the Company
pursuant to Section 3 hereof, all or part of the amount of principal to be
repaid by the proposed prepayment instead of receiving such
prepayment

    
      
         

      

      
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    4.           CONVERSION.

     

    4.1           Conversion Rights;
Conversion Date; Conversion Price.  The Holder shall have the
right, at his option, at any time from and after the date hereof, to convert the
principal amount of this Note and interest, or any portion of such principal
and/or interest amount, into that number of fully paid and nonassessable shares
of the Company’s common stock (the “Common Stock”) (as such shares shall then be
constituted) determined pursuant to this Section 4.1.  The number of
shares of Common Stock to be issued upon each conversion of this Note shall be
determined by dividing the Conversion Amount (as defined below) by the
Conversion Price, which shall be One Dollar and Fifty Cents ($1.50) (the
“Conversion Price”).  Each election will be noticed by a Notice of
Conversion, substantially in the form attached hereto as Exhibit A, delivered
to the Company by Holder by facsimile, or other reasonable means of
communication, dispatched prior to 5:00 p.m., Eastern Standard Time and in
accordance with the terms of Section 8.  The term “Conversion Amount”
means, with respect to any conversion of this Note, the sum of (1) the principal
amount of this Note to be converted in such conversion, plus (2) accrued and
unpaid interest, if any, on such principal amount at the interest rates provided
in this Note to the Conversion Date.

    

    4.2           Method of
Conversion.

    

    (a)           Notwithstanding
anything to the contrary set forth herein, upon conversion of this Note in
accordance with the terms hereof, the Holder shall not be required to physically
surrender this Note to the Company unless the entire unpaid principal amount of
this Note is so converted.  Rather, records showing the principal
amount converted (or otherwise repaid) and the date of such conversion or
repayment shall be maintained on a ledger substantially in the form of Annex I attached
hereto (a copy of which shall be delivered to the Company with each Notice of
Conversion).  It is specifically contemplated that the Company shall
act as the calculation agent for conversions and repayments.  In the
event of any dispute or discrepancies, such records maintained by the Company
shall be controlling and determinative in the absence of manifest
error.  The Holder, by acceptance of this Note, acknowledges and
agrees that, by reason of the provisions of this paragraph, following a
conversion of a portion of this Note, the principal amount represented by this
Note will be the amount indicated on Annex I attached
hereto (which may be less than the amount stated on the face
hereof).

    

    (b)           Upon
receipt by the Company of a Notice of Conversion, the Holder shall be deemed to
be the holder of record of the Common Stock issuable upon such conversion and
the outstanding principal amount and the amount of accrued and unpaid interest
on this Note shall be reduced to reflect such conversion, and, unless the
Company defaults on its obligations under Section 7, all rights with respect to
the portion of this Note being so converted shall forthwith terminate except the
right to receive the Common Stock or other securities, cash or other assets, as
herein provided, on such conversion.  If the Holder shall have given a
Notice of Conversion as provided herein, the Company’s obligation to issue and
deliver the certificates for shares of Common Stock shall be absolute and
unconditional, irrespective of the absence of any action by the Holder to
enforce the same, any waiver or consent with respect to any provision thereof,
the recovery of any judgment against any person or any action by the Holder to
enforce the same, any failure or delay in the enforcement of any other
obligation of the Company to the Holder of record, or any setoff, counterclaim,
recoupment, limitation or termination, or any breach or alleged breach by the
Holder of any obligation to the Company, and irrespective of any other
circumstance which might otherwise limit such obligation of the Company to the
Holder in connection with such conversion.  The date of receipt
(including receipt via facsimile) of such Notice of Conversion shall be the
Conversion Date so long as it is received before 5:00 p.m., Eastern Standard
Time, on such date.

    
      
         

      

      
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    5.           TRANSFERABILITY.  This
Note shall not be transferred, pledged, hypothecated, or assigned by either
party without the express written consent of the other Party. In the event any
third party acquires a controlling interest in the Company or acquires
substantially all of the assets of the Company (a “Reorganization Event”), this
Note will survive and become an obligation of the party that acquires such
controlling interest or assets.  In the event of a Reorganization
Event the Company agrees to make the party that acquires such controlling
interest or assets aware of the terms of this Section and this
Note.

    

    6.           RESERVATION OF
SECURITIES.  The Company shall at all times reserve and keep
available out of its authorized shares of common stock, solely for the purpose
of issuance upon the conversion of this Note, such number of shares of common
stock as would be necessary to convert the entire amount due and owing under the
terms of this Note if Holder elected to convert said amount under Section 4
hereof.

    

    7.           DEFAULT.  The
occurrence of any one of the following events shall constitute an Event of
Default:

    

    (a)           The
non-payment, when due, of any principal or interest pursuant to this
Note;

    

    (b)           The
material breach of any representation or warranty in this Note.  In
the event the Holder becomes aware of a breach of this Section 7(b), the Holder
shall notify the Company in writing of such breach and the Company shall have
five business days after notice to cure such breach;

    

    (c)           The
breach of any covenant or undertaking, not otherwise provided for in this
Section 7;

    

    (d)           The
commencement by the Company of any voluntary proceeding under any bankruptcy,
reorganization, arrangement, insolvency, readjustment of debt, receivership,
dissolution, or liquidation law or statute of any jurisdiction, whether now or
hereafter in effect; or the adjudication of the Company as insolvent or bankrupt
by a decree of a court of competent jurisdiction; or the petition or application
by the Company for, acquiescence in, or consent by the Company to, the
appointment of any receiver or trustee for the Company or for all or a
substantial part of the property of the Company; or the assignment by the
Company for the benefit of creditors; or the written admission of the Company of
its inability to pay its debts as they mature; or

    
      
         

      

      
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    (e)           The
commencement against the Company of any proceeding relating to the Company under
any bankruptcy, reorganization, arrangement, insolvency, adjustment of debt,
receivership, dissolution, or liquidation law or statute of any jurisdiction,
whether now or hereafter in effect, provided, however, that the commencement of
such a proceeding shall not constitute an Event of Default unless the Company
consents to the same or admits in writing the material allegations of same, or
said proceeding shall remain undismissed for 20 days; or the issuance of any
order, judgment or decree for the appointment of a receiver or trustee for the
Company or for all or a substantial part of the property of the Company, which
order, judgment or decree remains undismissed for 20 days; or a warrant of
attachment, execution, or similar process shall be issued against any
substantial part of the property of the Company.

    

    Upon the
occurrence of any Default or Event of Default, the Holder, may, by written
notice to the Company, declare all or any portion of the unpaid principal amount
due to Holder, together with all accrued interest thereon, immediately due and
payable, in which event it shall immediately be and become due and payable,
provided that upon the occurrence of an Event of Default as set forth in
paragraph (d) or paragraph (e) hereof, all or any portion of the unpaid
principal amount due to Holder, together with all accrued interest thereon,
shall immediately become due and payable without any such notice.

    

    8.           NOTICES.  All
notices required or permitted hereunder shall be given as set forth in the Asset
Purchase Agreement.

    

    9.           GOVERNING LAW;
VENUE.  This Note is executed pursuant to and shall be
interpreted and governed for all purposes under the laws of the State of
Texas.  Any cause of action brought to enforce any provision of this
Note shall be brought in the appropriate court in Fort Bend County,
Texas.  If any provision of this Agreement is declared void, such
provision shall be deemed severed from this Note, which shall otherwise remain
in full force and effect.  This Note shall supersede any previous
agreements, written or oral, expressed or implied, between the parties relating
to the subject matter hereof.

    

    10.         CONFORMITY WITH
LAW.  It is the intention of the Company and Holder to conform
strictly to applicable usury and similar laws.  Accordingly,
notwithstanding anything to the contrary in this Note, it is agreed that the
aggregate of all charges which constitute interest under applicable usury and
similar laws that are contracted for, chargeable or receivable under or in
respect of this Note, shall under no circumstances exceed the maximum amount of
interest permitted by such laws, and any excess, whether occasioned by
acceleration or maturity of this Note or otherwise, shall be canceled
automatically, and if theretofore paid, shall be either refunded to the Company
or credited on the principal amount of this Note.

    

    11.         MODIFICATION;
WAIVER.  No modification
or waiver of any provision of this Note or consent to departure therefrom shall
be effective unless in writing and approved by the Company and
Holder.  If any provision of this Note shall be invalid or
unenforceable in any jurisdiction, such invalidity or unenforceability shall not
affect the validity or enforceability of the remainder of this Note or the
validity or enforceability of this Note in any other jurisdiction.  This
Note supersedes all prior agreements and understandings among the parties hereto
with respect to the subject matter hereof.

     

    IN WITNESS WHEREOF, the Company has signed and
sealed this Note and delivered it as date written above.

     

    
      
         

      

      
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                      “Company”

                    	 
      	
                      “Holder”

                    
	 
      	 
      	 
      
	
                      I-Web
      Media, Inc.,

                    	 
      	
                      RWIP,
      LLC,

                    
	
                      a
      Delaware corporation

                    	 
      	
                      an
      Oregon limited liability company

                    
	 
      	 
      	 
      
	 
      	
                      /s/ James F. Groelinger

                    	 
      	 
      	
                      /s/ Amanda Matthews

                    
	
                      By:

                    	
                      James
      F. Groelinger

                    	 
      	
                      By:

                    	
                      Amanda
      Matthews

                    
	 	 	 	 
	
                      Its:

                    	
                      Chief
      Executive Officer

                    	
                        

                    	
                      President
      of Fandeck, Inc., the General Partner of Rivercoach Partners, LP, the
      Managing Member of RWIP
LLC

                    

            

          

        

      

    

     

    
      
         

      

      
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    ANNEX
I

    

    CONVERSION
AND REPAYMENT LEDGER

    

    
      
        
          
            	
                    Date

                  	 
      	
                    Principal Balance

                  	 
      	
                    Interest Converted

                    or Paid

                  	 
      	
                    Principal

                    Converted or Paid

                  	 
      	
                    New Principal

                    Balance

                  	 
      	
                    Company Initials

                  	 
      	
                    Holder Initials

                  
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 	 	 	 	 	 	 	 	 	 	 	 	 

          

        

      

    

     

    
      
         

      

      
        I

        
          

        

      

      
         

      

    

    Exhibit
A

    

    Notice
of Conversion

    

    (To be
Executed by the Registered Holder in order to Convert the Note)

    

    The
undersigned hereby irrevocably elects to convert $______________ of that certain
I-Web Media, Inc. Convertible Promissory Note dated December ___, 2010 into
shares of common stock of the Company according to the conditions set forth in
such Note, as of the date written below.

    

    If shares
are to be issued in the name of a person other than the undersigned, the
undersigned will pay all transfer and other taxes and charges payable with
respect thereto.

    

    
      
        	
                Date
      of Conversion:  

              	 
      	 
      

      

    

    

    
      
        	
                Applicable
      Conversion Price:  

              	 
      	 
      

      

    

    

    
      
        	
                Signature: 
      

              	 
      	 
      
	 
      	
                [Print
      Name of Holder and Title of Signer]

              	 
      

      

    

    

    
      
        
          	
                  Address:

                	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      

        

      

    

    

    
      
        	
                SSN
      or EIN:

              	 
      	 
      

      

    

    

    
      	
              Shares
      are to be registered in the following
name:

            

    

    

    
      
        	
                Name:

              	 
      	 
      

      

    

    
      
        	
                Address:

              	 
      	 
      

      

    

    
      
        	
                Tel:

              	 
      	 
      

      

    

    
      
        	
                Fax:

              	 
      	 
      

      

    

    
      
        	
                SSN
      or EIN:

              	 
      	 
      

      

    

    

    
      	
              Shares
      are to be sent or delivered to the following
  account:

            

    

    

    
      
        	
                Account
      Name:

              	 
      	 
      

      

    

    
      
        	
                Address:

              	 
      	 
      

      

    

    
      
        	
                Tel:

              	 
      	 
      

      

    

    
      
        	
                Fax:

              	 
      	 
      

      

    

    
      
        	
                SSN
      or EIN:

              	 
      	 
      

      

    

     

    
      
         

      

      
        AI-WEB
MEDIA, INC.

    

    THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (“THE ACT”), OR THE SECURITIES LAWS OF ANY
STATE, AND MAY NOT BE OFFERED, SOLD, TRANSFERRED, PLEDGED, HYPOTHECATED, OR
OTHERWISE DISPOSED OF EXCEPT PURSUANT TO (i) AN EFFECTIVE REGISTRATION STATEMENT
UNDER THE ACT AND ANY APPLICABLE STATE LAWS, (ii) TO THE EXTENT APPLICABLE, RULE
144 UNDER THE ACT (OR ANY SIMILAR RULE UNDER THE ACT RELATING TO THE DISPOSITION
OF SECURITIES), OR (iii) AN OPINION OF COUNSEL, IF SUCH OPINION SHALL BE
REASONABLY SATISFACTORY TO COUNSEL TO THE ISSUER, THAT AN EXEMPTION FROM
REGISTRATION UNDER THE ACT AND APPLICABLE STATE LAW IS AVAILABLE.

    

    IWBM No.
1

    

    STOCK
PURCHASE WARRANT

    

    THIS IS
TO CERTIFY that, for value received, RWIP, LLC, an Oregon limited liability
company, or its assigns (the “Holder”) is entitled, subject to the terms and
conditions set forth herein, to purchase from I-Web Media, Inc., a Delaware
corporation (the “Company”) up to One Hundred Fifty Thousand (150,000) fully
paid and nonassessable shares of common stock of the Company (the “Warrant
Securities”) at $2.00 per share, as adjusted under Section 3 (the “Exercise
Price”), upon payment by cashier’s check or wire transfer of the Exercise Price
for such shares of the Common Stock to the Company at the Company’s
offices.

    

    1.           Exercisability.
This Warrant may be exercised in whole or in part at any time, or from time to
time, between the date hereof and 5:00 p.m. Eastern Standard Time on that date
which is four (4) years from the date hereof, by presentation and surrender
hereof to the Company of a notice of election to purchase duly executed and
accompanied by payment by check or wire transfer of the Exercise
Price.

    

    2.           Manner of
Exercise.  In case of the purchase of less than all of the
Warrant Securities, the Company shall cancel this Warrant upon the surrender
hereof and shall execute and deliver a new warrant of like tenor for the balance
of the Warrant Securities.  Upon the exercise of this Warrant, the
issuance of certificates for securities, properties, or rights underlying this
Warrant shall be made forthwith (and in any event within three (3) business days
thereafter) without charge to the Holder including, without limitation, any tax
that may be payable in respect of the issuance thereof: provided, however, that
the Company shall not be required to pay any tax in respect of income or capital
gain of the Holder.

    

    If and to
the extent this Warrant is exercised, in whole or in part, the Holder shall be
entitled to receive a certificate or certificates representing the Warrant
Securities so purchased, upon presentation and surrender to the Company of the
form of election to purchase attached hereto duly executed, and accompanied by
payment of the purchase price.

    
      
         

      

      
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    3.           Adjustment in
Number of Shares.

    

    (A)           Adjustment for
Reclassifications.  In case at any time or from time to time
after the issue date the holders of the Common Stock of the Company (or any
shares of stock or other securities at the time receivable upon the exercise of
this Warrant) shall have received, or, on or after the record date fixed for the
determination of eligible stockholders, shall have become entitled to receive,
without payment therefore, additional stock or other securities or property
(including cash) by way of stock split, spin-off, reclassification, combination
of shares or similar corporate rearrangement (exclusive of any stock dividend of
its or any subsidiary’s capital stock), then and in each such case the Holder of
this Warrant, upon the exercise hereof as provided in Section 1, shall be
entitled to receive the amount of stock and other securities and property which
such Holder would hold on the date of such exercise if on the issue date he had
been the holder of record of the number of shares of Common Stock of the Company
called for on the face of this Warrant and had thereafter, during the period
from the issue date, to and including the date of such exercise, retained such
shares and/or all other or additional stock and other securities and property
receivable by him as aforesaid during such period, giving effect to all
adjustments called for during such period.  In the event of any such
adjustment, the Exercise Price shall be adjusted proportionally.

    

    (B)     
      Adjustment for
Reorganization, Consolidation, Merger.  In case of any
reorganization of the Company (or any other corporation the stock or other
securities of which are at the time receivable on the exercise of this Warrant)
after the issue date, or in case, after such date, the Company (or any such
other corporation) shall consolidate with or merge into another corporation or
convey all or substantially all of its assets to another corporation, then and
in each such case the Holder of this Warrant, upon the exercise hereof as
provided in Section 1 at any time after the consummation of such reorganization,
consolidation, merger or conveyance, shall be entitled to receive, in lieu of
the stock or other securities or property to which such Holder would be entitled
had the Holder exercised this Warrant immediately prior thereto, all subject to
further adjustment as provided herein; in each such case, the terms of this
Warrant shall be applicable to the shares of stock or other securities or
property receivable upon the exercise of this Warrant after such
consummation.

    

    4.           No Requirement to
Exercise.  Nothing contained in this Warrant shall be construed
as requiring the Holder to exercise this Warrant prior to or in connection with
the effectiveness of a registration statement.

    

    5.           Cashless
Exercise.
Notwithstanding any provisions herein to the contrary, if the fair market value
of one share of the Company’s common stock is greater than the Exercise Price,
in lieu of exercising this Warrant by payment of cash, the holder hereof may
elect to receive shares equal to the value (as determined below) of this Warrant
(or the portion thereof being canceled) by surrender of this Warrant at the
principal office of the Company together with the properly endorsed Exercise
Agreement in which event the Company shall issue to the holder hereof a number
of shares of the Company’s common stock computed using the following
formula:

    
      
         

      

      
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    X = Y (A-B)

    A

     

    
      	
              Where 
      

            	
              X
      =

            	
              the
      number of shares of the Company’s common stock to be issued to the holder
      hereof

            

    

    

    
      	
               
      

            	
              Y
      =

            	
              the
      number of shares of the Company’s common stock purchasable under the
      Warrant or, if only a portion of the Warrant is being exercised, the
      portion of the Warrant being canceled (at the date of such
      calculation)

            

    

     

    
      	
               
      

            	
              A
      =

            	
              the
      fair market value of one share of the Company’s common stock (at the date
      of such calculation)

            

    

     

    
      	
               
      

            	
              B
      =

            	
              the
      Exercise Price

            

    

     

    All
references herein to an “exercise” of the Warrant shall include an exchange
pursuant to this Section 5.  For the purposes of the above calculation, the
Fair Market Value of one share of the Company’s common stock as of a particular
date shall mean:

    

    (a)         If
traded on a securities exchange or the NASDAQ National Market, the Fair Market
Value shall be deemed to be the average of the closing prices of the common
stock of the Company on such exchange or market over the five (5) business days
ending immediately prior to the applicable date of valuation;

    

    (b)
       If actively traded over-the-counter, the Fair Market
Value shall be deemed to be the closing bid price of the common stock of the
Company on the day immediately prior to the applicable date of valuation;
and

    

    (c)
       If there is no active public market, the “Fair Market
Value” shall be the value thereof, as determined in good faith by the Company’s
Board of Directors

    

    A stock certificate representing the
appropriate number of shares of the common stock shall be delivered to the
holder hereof within five (5) days following the date of exercise.

    

    6.           No Stockholder
Rights.  Unless and until this Warrant is exercised, this
Warrant shall not entitle the Holder hereof to any voting rights or other rights
as a stockholder of the Company, or to any other rights whatsoever except the
rights herein expressed, and, no dividends shall be payable or accrue in respect
of this Warrant.

    
      
         

      

      
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    7.           Exchange.  This
Warrant is exchangeable upon the surrender hereof by the Holder to the Company
for new warrants of like tenor representing in the aggregate the right to
purchase the number of Warrant Securities purchasable hereunder, each of such
new warrants to represent the right to purchase such number of Warrant
Securities as shall be designated by the Holder at the time of such
surrender.

    

    Upon
receipt by the Company of evidence reasonably satisfactory to it of the loss,
theft, destruction, or mutilation of this Warrant, and, in case of loss, theft,
or destruction, of indemnity or security reasonably satisfactory to it and
reimbursement to the company of all reasonable expenses incidental thereto, and
upon surrender and cancellation hereof, if mutilated, the Company will make and
deliver a new warrant of like tenor and amount, in lieu hereof.

    

    8.           Elimination of
Fractional Interests.  The Company shall not be required to
issue certificates representing fractions of securities upon the exercise of
this Warrant, nor shall it be required to issue scrip or pay cash in lieu of
fractional interests.  All fractional interests shall be eliminated by
rounding any fraction up to the nearest whole number of securities, properties,
or rights receivable upon exercise of this Warrant.

    

    9.           Reservation of
Securities.  The Company shall at all times reserve and keep
available out of its authorized shares of Common Stock or other securities,
solely for the purpose of issuance upon the exercise of this Warrant, such
number of shares of Common Stock or other securities, properties, or rights as
shall be issuable upon the exercise hereof.  The Company covenants and
agrees that, upon exercise of this Warrant and payment of the Principal Value,
all shares of Common Stock and other securities issuable upon such exercise
shall be duly and validly issued, fully paid, non-assessable and not subject to
the preemptive rights of any stockholder.

    

    10.         Notices to
Holder.  If at any time prior to the expiration of this Warrant
or its exercise, any of the following events shall occur:

    

    (a)           the
Company shall take a record of the holders of any class of its securities for
the purpose of entitling them to receive a dividend or distribution payable
otherwise than in cash, or a cash dividend or distribution payable otherwise
than out of current or retained earnings, as indicated by the accounting
treatment of such dividend or distribution on the books of the Company;
or

    

    (b)           the
Company shall offer to all the holders of a class of its securities any
additional shares of capital stock of the Company or securities convertible into
or exchangeable for shares of capital stock of the Company, or any option or
warrant to subscribe therefor; or

    

    (c)           a
dissolution, liquidation, or winding up of the Company (other than in connection
with a consolidation or merger) or a sale of all or substantially all of its
property, assets and business as an entirety shall be proposed.

    
      
         

      

      
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    then, in
any one or more of said events, the Company shall give written notice of such
event to the Holder at least fifteen (15) days prior to the date fixed as a
record date or the date of closing the transfer books for the determination of
the stockholder entitled to such dividend, distribution, convertible or
exchangeable securities or subscription rights, or entitled to vote on such
proposed dissolution, liquidation, winding up, or sale.  Such notice
shall specify such record date or the date of closing the transfer books, as the
case may be.

    

    11.         Transferability.  This
Warrant may be transferred or assigned by the Holder only upon written consent
by the Company.

    

    12.         Informational
Requirements.  The Company will transmit to the Holder such
information, documents, and reports as are generally distributed to stockholders
of the Company concurrently with the distribution thereof to such
stockholders.

    

    13.         Notice.  Notices
to be given to the Company or the Holder shall be deemed to have been
sufficiently given if delivered personally or sent by overnight courier or
messenger, or by facsimile transmission.  Notices shall be deemed to
have been received on the date of personal delivery or facsimile
transmission.  The address of the Company and of the Holder shall be
as set forth in the Company’s books and records.

    

    14.         Consent to
Jurisdiction and Service.  The Company consents to the
jurisdiction of any court of the State of Texas, and of any federal court
located in Texas, in any action or proceeding arising out of or in connection
with this Warrant.  The Company waives personal service of any
summons, complaint, or other process in connection with any such action or
proceeding and agrees that service thereof may be made at the location provided
in Section 13 hereof, or, in the alternative, in any other form or manner
permitted by law.  The Holder and Company agree that Fort Bend County,
Texas shall be deemed proper venue.

    

    15.         Successors.  All
the covenants and provisions of this Warrant shall be binding upon and inure to
the benefit of the Company, the Holder, and their respective legal
representatives, successors, and assigns.

    

    16.         Attorneys’
Fees.  In the event the Holder hereof shall refer this Warrant
to an attorney to enforce the terms hereof, the Company agrees to pay all the
costs and expenses incurred in attempting or effecting collection hereunder,
including reasonable attorney's fees, whether or not suit is
instituted.

    

    17.         Governing
Law.  THIS WARRANT SHALL BE GOVERNED, CONSTRUED AND INTERPRETED
UNDER THE LAWS OF THE STATE OF TEXAS, WITHOUT GIVING EFFECT TO THE RULES
GOVERNING CONFLICTS OF LAW.

    
      
         

      

      
        Page 5 of
7

        
          

        

      

      
         

      

    

    IN
WITNESS WHEREOF, the Company has caused this Warrant to be executed by the
signature of its President and to be delivered in Township of Mahwah, New
Jersey.

    

    
      
        	
                Dated:  December
      10, 2010

              	 
      	
                I-WEB
      MEDIA, INC.,

              	 
      
	 
      	 
      	
                a
      Delaware corporation

              	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	
                /s/ James F. Groelinger

              	 
      
	 
      	 
      	
                By:

              	
                James
      F. Groelinger

              	 
      
	 
      	 
      	
                Its:

              	
                Chief
      Executive Officer

              	 
      

      

    

    
      
         

      

      
        Page 6 of
7

        
          

        

      

      
         

      

    

    [FORM OF
ELECTION TO PURCHASE]

    

    The
undersigned, the holder of the attached Warrant, hereby irrevocably elects to
exercise the purchase right represented by this Warrant Certificate for, and to
purchase securities of I-Web Media, Inc. and herewith makes payment of
$__________ therefor, and requests that the certificates for such securities be
issued in the name of, and delivered to ___________________, whose address is
______________________________.

    

    Dated:    ____________________,
20___

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              	 
      
	
                                      By:

                                    	 
	
                                      Its:

                                    	 
	
                                      (Signature
      must conform in all respects to name of holder as specified on the face of
      the Warrant Certificate)

                                    
	 
      	 
	 
      
	
                                      (Insert
      Social Security or Other

                                    
	
                                      Identifying
      Number of
Holder)

                                    

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    
      
         

      

      
        Page 7 of
7

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