Document:

EXHIBIT
      10.32

    INDEMNITY
      AGREEMENT

     

    This
      Indemnity Agreement (this “Agreement”), dated as of August 7, 2008, is made by
      and between Vanguard Natural Resources, LLC, a Delaware limited liability
      company (the “Company”), and ______________________________ (the “Indemnitee”),
      an “Agent” (as hereinafter defined) of the Company.

     

    RECITALS

     

    A. The
      Company recognizes that competent and experienced persons are increasingly
      reluctant to serve as Directors, officers or employees of companies unless
      they
      are protected by comprehensive liability insurance or indemnification, or both,
      due to increased exposure to litigation costs and risks resulting from their
      service to such companies, and due to the fact that the exposure frequently
      bears no reasonable relationship to their compensation;

     

    B. The
      statutes and judicial decisions regarding the duties of Directors and officers
      are often difficult to apply, ambiguous, or conflicting, and therefore fail
      to
      provide such Directors and officers with adequate, reliable knowledge of legal
      risks to which they are exposed or information regarding the proper course
      of
      action to take;

     

    C. The
      Company and the Indemnitee recognize that plaintiffs often seek damages in
      such
      large amounts and the costs of litigation may be so expensive (whether or not
      the case is meritorious), that the defense and/or settlement of such litigation
      is often beyond the personal resources of Directors, officers and
      employees;

     

    D. The
      Company believes that it is often unfair for its Directors, officers and
      employees to assume the risk of judgments and other expenses which may occur
      in
      cases in which the Director, officer or employee has acted in good faith and
      in
      a manner the Director, officer or employee reasonably believes to be in or
      not
      opposed to the best interests of the Company;

     

    E. The
      Company desires the Indemnitee to serve or continue to serve as an Agent of
      the
      Company and recognizes that the Indemnitee may not be willing to serve or
      continue to serve the Company without additional indemnification and insurance
      to protect against claims for damages arising out of or related to such services
      to the Company;

     

    F. The
      Company believes that the interests of the Company and its shareholders would
      best be served by a combination of Directors’ and officers’ liability insurance
      and the indemnification by the Company of the Directors, officers and employees
      of the Company; and

     

    G. The
      Board
      of Directors has determined that contractual indemnification as set forth in
      this Agreement is reasonable and prudent, and is necessary to promote the best
      interests of the Company and its shareholders.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    NOW,
      THEREFORE, in consideration of the mutual covenants and agreements set forth
      below, the parties to this Agreement, intending to be legally bound, hereby
      agree as follows:

     

    1. Definitions

     

    (a) Agent.
      For
      purposes of this Agreement, “Agent” of the Company means any person who is or
      was a Director, officer, employee or other agent of the Company or a Subsidiary
      of the Company; or is or was serving at the request of, for the convenience
      of,
      or to represent the interests of the Company or a Subsidiary of the Company
      as a
      Director, officer, employee or agent of another foreign or domestic corporation,
      partnership, joint venture, trust or Other Enterprise.

     

    (b) Expenses.
      For
      purposes of
      this
      Agreement, “Expenses” includes all direct and indirect costs of any type or
      nature whatsoever (including, without limitation, all attorneys’ fees and
      related disbursements, other out-of-pocket costs and reasonable compensation
      for
      time spent by the Indemnitee for which he is not otherwise compensated by the
      Company or any third party, provided that the rate of compensation, if any,
      and
      estimated time involved is approved in advance by a majority vote of the Board
      of Directors), actually and reasonably incurred by the Indemnitee in connection
      with either the investigation, defense or appeal of a Proceeding or establishing
      or enforcing a right to indemnification under this Agreement or otherwise,
      and
      amounts paid in settlement (if such settlement is approved in advance by the
      Company) by or on behalf of the Indemnitee, but shall not include any judgments,
      fines or penalties actually levied against the Indemnitee.

     

    (c) Proceeding.
      For the
      purposes of this Agreement, “Proceeding” means any threatened, pending or
      completed action, suit or other proceeding, whether civil, criminal,
      administrative, investigative or any other type whatsoever.

     

    (d) Subsidiary.
      For
      purposes of this Agreement, “Subsidiary” means any corporation of which 50% or
      more of the outstanding voting securities are owned directly or indirectly
      by
      the Company, by the Company and one or more other subsidiaries, or by one or
      more other subsidiaries.

     

    (e) Other
      Enterprise.
      For
      purposes of this Agreement, “Other Enterprise” means any other enterprise and
      shall include employee benefit plans; references to “fines” shall include any
      excise tax assessed with respect to any employee benefit plans; references
      to
“serving at the request of the Company” shall include any service as an Agent of
      the Company which imposes duties on, or involves services by, such Director,
      officer, employee or Agent of the Company with respect to an employee benefit
      plan, its participants, or beneficiaries; any person who acts in good faith
      and
      in a manner he reasonably believes to be in the best interest of the
      participants and beneficiaries of an employee benefit plan shall be deemed
      to
      have acted in a manner “not opposed to the best interests of the Company” as
      referred to in this Agreement.

     

    
      
        
        

      

      
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    2. Agreement
      to Serve.
      The
      Indemnitee agrees to serve and/or continue to serve as an Agent of the Company,
      at its will (or under separate agreement, if such agreement exists), in the
      capacity the Indemnitee currently serves as an Agent of the Company, so long
      as
      he is duly appointed or elected and qualified in accordance with the applicable
      provisions of the Articles of Association or comparable corporate governance
      document (“Articles”) of the Company or the Articles of any Subsidiary of the
      Company or until such time as he tenders his resignation in writing, provided,
      however, that nothing contained in this Agreement is intended to create any
      right in favor of the Indemnitee to continued employment in any
      capacity.

     

    3. Indemnity
      in Third Party Proceedings.
      The
      Company shall indemnify the Indemnitee if the Indemnitee is a party to or
      threatened to be made a party to or otherwise involved in any Proceeding (other
      than a Proceeding by or in the name of the Company to procure a judgment in
      its
      favor) by reason of the fact that the Indemnitee is or was an Agent of the
      Company, or by reason of any act or inaction by him in any such capacity,
      against any and all Expenses and liabilities of any type whatsoever (including,
      but not limited to, judgments, fines and penalties), actually and reasonably
      incurred by him in connection with the investigation, defense, settlement or
      appeal of such Proceeding, but only in the absence of fraud, willful default
      or
      dishonesty on the part of the Indemnitee and if the Indemnitee acted in good
      faith and in a manner he reasonably believed to be in or not opposed to the
      best
      interests of the Company, and, with respect to any criminal action or
      Proceeding, had no reasonable cause to believe his conduct was unlawful. The
      termination of any Proceeding by judgment, order of court, settlement,
      conviction or on plea of nolo
      contendere,
      or its
      equivalent, shall not, of itself, create a presumption that the Indemnitee
      did
      not act in good faith in a manner which he reasonably believed to be in the
      best
      interests of the Company or, with respect to any criminal Proceedings, that
      such
      person had reasonable cause to believe that his conduct was
      unlawful.

     

    4. Indemnity
      in Derivative Actions.
      The
      Company shall indemnify the Indemnitee if the Indemnitee is a party to or
      threatened to be made a party to or otherwise involved in any Proceeding by
      or
      in the name of the Company to procure a judgment in its favor by reason of
      the
      fact that the Indemnitee is or was an Agent of the Company, or by reason of
      any
      act or inaction by him in any such capacity, against all Expenses actually
      and
      reasonably incurred by the Indemnitee in connection with the investigation,
      defense, settlement, or appeal of such Proceeding, but only in the absence
      of
      fraud, willful default or dishonesty on the part of the Indemnitee and if the
      Indemnitee acted in good faith and in a manner he reasonably believed to be
      in
      or not opposed to the best interests of the Company, except that no
      indemnification under this subsection shall be made in respect of any claim,
      issue or matter as to which the Indemnitee shall have been finally adjudged
      to
      be liable to the Company by a court of competent jurisdiction in the performance
      of his duty to the Company, unless and only to the extent that any court in
      which such Proceeding was brought shall determine upon application that, despite
      the adjudication of liability but in view of all the circumstances of the case,
      such person is fairly and reasonably entitled to indemnity for such Expenses
      as
      such court shall deem proper.

     

    5. Indemnification
      of Expenses of Successful Party.
      Notwithstanding any other provisions of this Agreement, to the extent that
      the
      Indemnitee has been successful on the merits or otherwise in defense of any
      Proceeding or in defense of any claim, issue or matter therein, including the
      dismissal of an action without prejudice, the Company shall indemnify the
      Indemnitee against all Expenses actually and reasonably incurred in connection
      with the investigation, defense or appeal of such Proceeding.

     

    
      
        
        

      

      
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    6. Partial
      Indemnification.
      If the
      Indemnitee is entitled under any provision of this Agreement to indemnification
      by the Company for some or a portion of any Expenses or liabilities of any
      type
      whatsoever (including, but not limited to, judgments, fines or penalties),
      actually and reasonably incurred by him in the investigation, defense,
      settlement or appeal of a Proceeding but is not entitled, however, to
      indemnification for the total amount thereof, the Company shall nevertheless
      indemnify the Indemnitee for the portion thereof to which the Indemnitee is
      entitled.

     

    7. Advancement
      of Expenses.
      Subject
      to Section 10(a) below, the Company shall advance all Expenses incurred by
      the
      Indemnitee in connection with the investigation, defense, settlement or appeal
      of any Proceeding to which the Indemnitee is a party or is threatened to be
      made
      a party by reason of the fact that the Indemnitee is or was an Agent of the
      Company. The Indemnitee hereby undertakes to repay such amounts advanced only
      if, and to the extent that, it shall ultimately be determined that the
      Indemnitee is not entitled to be indemnified by the Company as authorized by
      this Agreement. The advances to be made under this Agreement shall be paid
      by
      the Company to or on behalf of the Indemnitee within 30 days following delivery
      of a written request therefor by the Indemnitee to the Company. By execution
      of
      this Agreement, the Indemnitee agrees to repayment of the Company of such
      Expenses under Section 7 if it is determined by a majority vote of the Board
      that the Indemnitee is not entitled to the indemnification payment; provided,
      however, that in no circumstance shall the Indemnitee be required to repay
      the
      Company for Expenses as to which the Indemnitee is entitled to indemnification
      under this Agreement.

     

    8. Notice
      and Other Indemnification Procedures.
      

     

    (a) Promptly
      after receipt by the Indemnitee of notice of the commencement of or the threat
      of commencement of any Proceeding, the Indemnitee shall, if the Indemnitee
      believes that indemnification with respect thereto may be sought from the
      Company under this Agreement, notify the Company of the commencement or threat
      of commencement thereof.

     

    (b) Any
      indemnification requested by the Indemnitee under Section 3 and/or 4 of this
      Agreement shall be made no later than 60 days after receipt of the written
      request of the Indemnitee, unless a determination is made within said 60 day
      period (i) by the Board of Directors of the Company by a majority vote of a
      quorum thereof consisting of Directors who are not parties to such Proceedings,
      or (ii) in the event such a quorum is not obtainable, at the election of the
      Company, either by independent legal counsel in a written opinion or by a panel
      of arbitrators from the American Arbitration Association (“AAA”), one of whom is
      selected by the Company, another of whom is selected by the Indemnitee and
      the
      last of whom is selected by the first two arbitrators so selected, that the
      Indemnitee has not met the relevant standards for indemnification set forth
      in
      Section 3 and 4 of this Agreement. In the event the Indemnitee is determined
      not
      to be entitled to indemnification, the Company shall give, or cause to be given
      to, the Indemnitee written notice thereof specifying the reason therefor,
      including any determination of fact or conclusion of law relied upon in reaching
      such determination.

     

    
      
        
        

      

      
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    (c) Notwithstanding
      a determination under Section 8(b) above that the Indemnitee is not entitled
      to
      indemnification with respect to any specific Proceeding, the Indemnitee shall
      have the right to apply to any court of competent jurisdiction for the purpose
      of enforcing the Indemnitee’s right to indemnification pursuant to this
      Agreement. Neither the failure of the Company (including its Board of Directors
      or independent legal counsel or the panel of arbitrators) to have made a
      determination prior to the commencement of such action that indemnification
      or
      advances are proper in the circumstances because the Indemnitee has met the
      applicable standard of conduct, nor an actual determination by the Company
      (including its Board of Directors or independent legal counsel or the panel
      of
      arbitrators) that the Indemnitee has not met such applicable standard of
      conduct, shall be a defense to the action or create any presumption that the
      Indemnitee has not met the applicable standard of conduct. In any such
      proceeding, the Company will bear the burden of proof in showing that the
      Indemnitee’s conduct did not meet the applicable standard of conduct provided
      for by this agreement, and accordingly the Indemnitee shall be deemed to have
      a
prima
      facie
      right to
      indemnification under this agreement unless the Company can prove to the court’s
      satisfaction that the Indemnitee’s conduct did not meet the applicable standard
      of conduct provided for by this agreement or applicable law for
      indemnification.

     

    (d) In
      the
      absence of fraud, willful default or dishonesty on the part of the Indemnitee,
      the Company shall indemnify the Indemnitee against all Expenses incurred in
      connection with any hearing or Proceeding under this Section 8 unless a court
      of
      competent jurisdiction finds that each of the claims and/or defenses of the
      Indemnitee in any such Proceeding was frivolous or in bad faith.

     

    9. Insurance.
      The
      Company will obtain Directors’ and officers’ liability insurance (“D&O
      Insurance”) in reasonable amounts from established and reputable insurers with
      respect to which the Indemnitee is named as an insured. Notwithstanding any
      other provision of the Agreement, the Company shall not be obligated to
      indemnify the Indemnitee for Expenses, judgments, fines or penalties, which
      have
      been paid directly to or on behalf of the Indemnitee out of the Company’s
      D&O Insurance. If the Company has D&O Insurance in effect at the time
      the Company receives from the Indemnitee any notice of the commencement of
      a
      Proceeding, the Company shall give prompt notice of the commencement of such
      Proceeding to the insurers in accordance with the procedures set forth in the
      policy. The Company shall thereafter take all necessary or desirable action
      to
      cause such insurers to pay, on behalf of the Indemnitee, all amounts payable
      as
      a result of such Proceeding in accordance with the terms of such
      policy.

     

    10. Exceptions.
      Any
      other provision in this Agreement to the contrary notwithstanding, the Company
      shall not be obligated pursuant to the terms of this Agreement:

     

    (a) Claims
      Initiated by the Indemnitee.
      To
      indemnify or advance Expenses to the Indemnitee with respect to Proceedings
      or
      claims initiated or brought voluntarily by the Indemnitee and not by way of
      defense, except with respect to Proceedings brought to establish or enforce
      a
      right to indemnification under this Agreement or any other statute or law,
      but
      such indemnification or advancement of Expenses may be provided by the Company
      in specific cases if a majority of the Board of Directors finds it to be
      appropriate; or

     

    
      
        
        

      

      
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    (b) Action
      for Indemnification.
      To
      indemnify the Indemnitee for any Expenses incurred by the Indemnitee with
      respect to any Proceeding instituted by the Indemnitee to enforce or interpret
      this Agreement, if a court of competent jurisdiction or a panel of arbitrators
      determines that any of the material assertions made by the Indemnitee in such
      Proceeding was not made in good faith or was frivolous; or

     

    (c) Unauthorized
      Settlements.
      To
      indemnify the Indemnitee under this Agreement for any amounts paid in settlement
      of a Proceeding effected without the Company’s written consent. The Company
      shall not settle any Proceeding without the Indemnitee’s written consent.
      Neither the Company nor the Indemnitee will unreasonably withhold consent to
      any
      proposed settlement; or

     

    (d) Certain
      Matters.
      To
      indemnify the Indemnitee on account of any Proceeding with respect to (i)
      remuneration paid to the Indemnitee if it is determined by judgment or other
      adjudication that such remuneration was in violation of law, (ii) which judgment
      is rendered against the Indemnitee for an accounting of profits made from the
      purchase or sale by the Indemnitee of securities of the Company pursuant to
      the
      provisions of Section 16(b) of the Securities Exchange Act of 1934, as amended,
      or similar provisions of any federal, state or local statute, or (iii) which
      it
      is determined by judgment or other adjudication that the Indemnitee’s conduct
      was knowingly fraudulent or dishonest.

     

    11. Nonexclusivity.
      The
      provisions for indemnification and advancement of Expenses set forth in this
      Agreement shall not be deemed exclusive of any other rights which the Indemnitee
      may have under any provision of law, the Company’s Memorandum or Articles of
      Association, in any court in which a Proceeding is brought, the vote of the
      Company’s shareholders or disinterested Directors, other agreements or
      otherwise, both as to action in his official capacity and to action in another
      capacity while occupying his position as an Agent of the Company, and the
      Indemnitee’s rights under this Agreement shall continue after the Indemnitee has
      ceased acting as an Agent of the Company and shall inure to the benefit of
      the
      heirs, executors and administrators of the Indemnitee.

     

    12. Subrogation.
      In the
      event of payment under this Agreement, the Company shall be subrogated to the
      extent of such payment to all of the rights of recovery of the Indemnitee,
      who
      shall execute all papers required and shall do everything that may be necessary
      to secure such rights, including the execution of such documents necessary
      to
      enable the Company effectively to bring suit to enforce such
      rights.

     

    13. Interpretation
      of Agreement.
      It is
      understood that the parties to this Agreement intend this Agreement to be
      interpreted and enforced so as to provide indemnification to the Indemnitee
      to
      the fullest extent now or hereafter permitted by law.

     

    
      
        
        

      

      
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    14. Severability.
      If any
      provision or provisions of this Agreement shall be held to be invalid, illegal
      or unenforceable for any reason whatsoever, (i) the validity, legality and
      enforceability of the remaining provisions of the Agreement (including without
      limitation, all portions of any paragraphs of this Agreement containing any
      such
      provision held to be invalid, illegal or unenforceable, that are not themselves
      invalid, illegal or unenforceable) shall not in any way be affected or impaired
      thereby, and (ii) to the fullest extent possible, the provisions of this
      Agreement (including, without limitation, all portions of any paragraph of
      this
      Agreement containing any such provision held to be invalid, illegal or
      unenforceable, that are not themselves invalid, illegal or unenforceable) shall
      be construed so as to give effect to the intent manifested by the provision
      held
      invalid, illegal or unenforceable and to give effect to Section 13 of this
      Agreement.

     

    15. Modification
      and Waiver.
      No
      supplement, modification or amendment of this Agreement shall be binding unless
      executed in writing by both of the parties to this Agreement. No waiver of
      any
      of the provisions of this Agreement shall be deemed or shall constitute a waiver
      of any other provision of this Agreement (whether or not similar) nor shall
      such
      waiver constitute a continuing waiver.

     

    16. Successors
      and Assigns; Duration of Agreement.
      The
      terms of this Agreement shall bind, and shall inure to the benefit of, the
      successors and assigns of the parties to this Agreement. This Agreement shall
      continue in effect so long as the Indemnitee shall be subject to any Proceeding
      by reason of the fact that the Indemnitee is or was an Agent of the Company,
      regardless of whether the Indemnitee continues to serve as an Agent of the
      Company.

     

    17. Notice.
      All
      notices, requests, demands and other communications under this Agreement shall
      be in writing and shall be deemed duly given (i) if delivered by hand and
      receipted for by the party addressee, on the date of delivery, or (ii) if mailed
      by certified or registered mail with postage prepaid, on the third business
      day
      after the mailing date. Addresses for notice to either party are as shown on
      the
      signature page of this Agreement, or as subsequently modified by written
      notice.

     

    18. Governing
      Law.
      This
      Agreement shall be governed exclusively by and construed according to the laws
      of Delaware. If a court of competent jurisdiction shall make a final
      determination that the provisions of the law of any jurisdiction other than
      Delaware, govern indemnification by the Company of its Directors and officers,
      then the indemnification provided under this Agreement shall in all instances
      be
      enforceable only to the extent permitted under such law, notwithstanding any
      provision of this Agreement to the contrary.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    
      	 	 	 
	 	 	
              COMPANY:
                

               

              Vanguard
                Natural Resources, LLC

            
	 
 	 
 	 
 
	 	
              

              Name: Scott W. Smith
	 	Title: President
	 	
              Address:
                7700 San Felipe,

              Ste.
                485

              Houston,
                Texas 77063

            

    

     

    
      	 	 	 
	 	 	
              INDEMNITEE:

            
	 
 	 
 	 
 
	
            	
            	By:  
	 	
              
                

              

              Name:

            
	 	Title: 
	 	
              Address:
                

              
                

              

              
                

              

              
                

              

            

    

     

    
      
        
        

      

      
        8Exhibit
      10.1

    

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

    

    
      	 	
              Right
                to Purchase ____________ shares of Common Stock of 

              Boomj,
                Inc. (subject to adjustment as provided
                herein)

            

    

    

    CLASS
      A COMMON STOCK PURCHASE WARRANT

     

    
      	No.
              2008-A-00_	
              Issue
                Date: July ___, 2008

            

    

     

    BOOMJ,
      INC., a corporation organized under the laws of the State of Nevada (the
“Company”), hereby certifies that, for value received,
      ____________________________, with an address of ____________________________,
      or its assigns (the “Holder”), is entitled, subject to the terms set forth
      below, to purchase from the Company at any time after the Issue Date until
      5:00
      p.m., E.S.T on the fifth anniversary of the Issue Date (the “Expiration Date”),
      up to ____________ fully paid and nonassessable shares of Common Stock at a
      per
      share purchase price of $0.93. The aforedescribed purchase price per share,
      as
      adjusted from time to time as herein provided, is referred to herein as the
      “Purchase Price." The number and character of such shares of Common Stock and
      the Purchase Price are subject to adjustment as provided herein. The Company
      may
      reduce the Purchase Price for some or all of the Warrants, temporarily or
      permanently, provided such reduction is made as to all outstanding Warrants
      for
      all Holders of such Warrants. Capitalized terms used and not otherwise defined
      herein shall have the meanings set forth in that certain Subscription Agreement
      (the “Subscription
      Agreement”),
      dated
      as of July ___, 2008, entered into by the Company and the Holder.

    

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

     

    (a) The
      term
“Company” shall mean Boomj, Inc., a Nevada corporation, and any corporation
      which shall succeed or assume the obligations of Boomj, Inc. hereunder.

     

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

     

    (c) The
      term
“Other Securities” refers to any stock (other than Common Stock) and other
      securities of the Company or any other person (corporate or otherwise) which
      the
      holder of the Warrant at any time shall be entitled to receive, or shall have
      received, on the exercise of the Warrant, in lieu of or in addition to Common
      Stock, or which at any time shall be issuable or shall have been issued in
      exchange for or in replacement of Common Stock or Other Securities pursuant
      to
      Section 4 or otherwise. 

     

    (d) The
      term
“Warrant Shares” shall mean the Common Stock issuable upon exercise of this
      Warrant.

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    Exhibit
      10.1

     

    1.    Exercise
      of Warrant.

     

    1.1. Number
      of Shares Issuable upon Exercise.
      From
      and after the Issue Date through and including the Expiration Date, the Holder
      hereof shall be entitled to receive, upon exercise of this Warrant in whole
      in
      accordance with the terms of subsection 1.2 or upon exercise of this
      Warrant in part in accordance with subsection 1.3, shares of Common Stock
      of the Company, subject to adjustment pursuant to Section 4.

     

    1.2. Full
      Exercise.
      This
      Warrant may be exercised in full by the Holder hereof by delivery of an original
      or facsimile copy of the form of subscription attached as Exhibit A hereto
      (the “Subscription Form”) duly executed by such Holder and delivery within two
      days thereafter of payment, in cash, wire transfer or by certified or official
      bank check payable to the order of the Company, in the amount obtained by
      multiplying the number of shares of Common Stock for which this Warrant is
      then
      exercisable by the Purchase Price then in effect. The original Warrant is not
      required to be surrendered to the Company until it has been fully exercised.
      

     

    1.3. Partial
      Exercise.
      This
      Warrant may be exercised in part (but not for a fractional share) by delivery
      of
      a Subscription Form in the manner and at the place provided in
      subsection 1.2 except that the amount payable by the Holder on such partial
      exercise shall be the amount obtained by multiplying (a) the number of
      whole shares of Common Stock designated by the Holder in the Subscription Form
      by (b) the Purchase Price then in effect. On any such partial exercise
      provided the Holder has surrendered the original Warrant, the Company, at its
      expense, will forthwith issue and deliver to or upon the order of the Holder
      hereof a new Warrant of like tenor, in the name of the Holder hereof or as
      such
      Holder (upon payment by such Holder of any applicable transfer taxes) may
      request, the whole number of shares of Common Stock for which such Warrant
      may
      still be exercised for the balance of.

     

    1.4. Fair
      Market Value.
      Fair
      Market Value of a share of Common Stock as of a particular date (the
      "Determination Date") shall mean: 

     

    (a) If
      the
      Company's Common Stock is traded on an exchange or is quoted on the NASDAQ
      Global Market, NASDAQ Global Select Market, the NASDAQ Capital Market, the
      New
      York Stock Exchange or the American Stock Exchange, LLC, then the average
      of the closing sale prices of the Common Stock for the five (5) Trading Days
      immediately prior to (but not including) the
      Determination Date;

     

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

     

    (c) Except
      as
      provided in clause (d) below and Section 3.1, if the Company's Common Stock
      is not publicly traded, then as the Holder and the Company agree, or in the
      absence of such an agreement, by arbitration in accordance with the rules then
      standing of the American Arbitration Association, before a single arbitrator
      to
      be chosen from a panel of persons qualified by education and training to pass
      on
      the matter to be decided. In the event that arbitration is required, the Holder
      and the Company shall each pay 50% of the arbitrator’s fees and costs;
      or

     

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

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    Exhibit
      10.1

     

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

     

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

     

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

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    Exhibit
      10.1

     

    2.    Cashless
      Exercise.

     

    (a) If
      a
      registration statement (as described in Section 11 of the Subscription
      Agreement) (“Registration Statement”) is effective and the Holder may sell its
      shares of Common Stock upon exercise hereof pursuant to the Registration
      Statement, this Warrant may be exercisable in whole or in part for cash only
      as
      set forth in Section 1 above. If no such registration statement is available,
      then commencing one year after the Issue Date, payment upon exercise may be
      made
      at the option of the Holder either in (i) cash, wire transfer or by
      certified or official bank check payable to the order of the Company equal
      to
      the applicable aggregate Purchase Price, (ii) by delivery of Common Stock
      issuable upon exercise of the Warrants in accordance with
      Section (b) below or (iii) by a combination of any of the
      foregoing methods, for the number of Common Stock specified in such form (as
      such exercise number shall be adjusted to reflect any adjustment in the total
      number of shares of Common Stock issuable to the holder per the terms of this
      Warrant) and the holder shall thereupon be entitled to receive the number of
      duly authorized, validly issued, fully-paid and non-assessable shares of Common
      Stock (or Other Securities) determined as provided herein.

     

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

     

    X=Y
      (A-B)

             
      A

    

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

            

    

    

    
      	 	
              Y=

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

            

    

     

    
      	 	
              A=

            	
              Fair
                Market Value

            

    

     

    
      	 	
              B=

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

            

    

     

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

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    Exhibit
      10.1

     

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

     

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

    

    3.2. Share
      Issuance.
      Until
      the Expiration Date, if the Company shall issue any Common Stock except for
      the
      Excepted Issuances (as defined in the Subscription Agreement), prior to the
      complete exercise of this Warrant for a consideration less than the Purchase
      Price that would be in effect at the time of such issue, then, and thereafter
      successively upon each such issue, the Purchase Price shall be reduced to such
      other lower price for then outstanding Warrants. For purposes of this
      adjustment, the issuance of any security or debt instrument of the Company
      carrying the right to convert such security or debt instrument into Common
      Stock
      or of any warrant, right or option to purchase Common Stock shall result in
      an
      adjustment to the Purchase Price upon the issuance of the above-described
      security, debt instrument, warrant, right, or option if such issuance is at
      a
      price lower than the Purchase Price in effect upon such issuance and again
      at
      any time upon any subsequent issuances of shares of Common Stock upon exercise
      of such conversion or purchase rights if such issuance is at a price lower
      than
      the Purchase Price in effect upon such issuance. The reduction of the Purchase
      Price described in this Section 3.2 is subject to the provisions of, and in
      addition to the other rights of the Holder described in, the Subscription
      Agreement. The
      number of shares of Common Stock that the Holder of this Warrant shall
      thereafter, on the exercise hereof, be entitled to receive shall be adjusted
      to
      a number determined by multiplying the number of shares of Common Stock that
      would otherwise (but for the provisions of this Section 3.2) be issuable on
      such
      exercise by a fraction of which (a) the numerator is the Purchase Price that
      would otherwise (but for the provisions of this Section 3.2) be in effect,
      and
      (b) the denominator is the Purchase Price in effect on the date of such
      exercise.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    Exhibit
      10.1

     

    3.3 Performance
      Adjustment of Purchase Price.
      In
      addition to any other adjustment(s) made to the Purchase Price, in the event
      that the Missed Percentage (as defined below) is greater than zero, the Purchase
      Price in effect on July 31, 2009 shall be automatically reduced as follows:
      (i)
      for every 1% of Missed Percentage the Purchase Price will be adjusted by 1%;
      (ii) in the event that the Missed Percentage is 50% or more, the Purchase Price
      shall be reduced by 50%. For the purposes hereof, the term “Missed Percentage”
shall mean the greater of: (A) the percentage represented by: (x) the difference
      between $42,404,500 less the actual gross revenue of the Holder for the twelve
      (12) months ending June 30, 2009 (based the Holder’s audited or reviewed
      financial statements for the period ending June 30, 2009) over: (y) $42,404,500,
      or (B) the percentage represented by: (x) the difference between $443,700 less
      the actual operating income of the Holder for the twelve (12) months ending
      June
      30, 2009 (based the Holder’s audited or reviewed financial statements for the
      period ending June 30, 2009) over: (y) $443,700. The Holder shall notify the
      Holder of the Missed Percentage in writing by no later than July 26, 2009.
      In
      the event that the Missed Percentage, as calculated above, is a negative number,
      the Missed Percentage shall be zero, and there shall be no adjustment to the
      Purchase Price. “Gross revenue” shall include revenue from operations excluding
      extraordinary items, non-recurring revenues and revenue from discontinued
      operations. Failure to notify the Holder of the Missed Percentage by July 26,
      2009 shall automatically result in the Missed Percentage being deemed greater
      than 50%. The Missed Percentage adjustment in the Purchase Price, if any, shall
      be made on and as of the date a Form 10-Q (or equivalent) is actually filed,
      if
      such filing is made before July 31, 2009. In no event will the Purchase Price
      be
      increased as a result of the application of this Section.

     

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

     

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

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    Exhibit
      10.1

     

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

     

    7. Assignment;
      Exchange of Warrant.
      Subject
      to compliance with applicable securities laws, this Warrant, and the rights
      evidenced hereby, may be transferred by any registered holder hereof (a
      "Transferor"). On the surrender for exchange of this Warrant, with the
      Transferor's endorsement in the form of Exhibit B attached hereto (the
“Transferor Endorsement Form") and together with an opinion of counsel
      reasonably satisfactory to the Company that the transfer of this Warrant will
      be
      in compliance with applicable securities laws, the Company will issue and
      deliver to or on the order of the Transferor thereof a new Warrant or Warrants
      of like tenor, in the name of the Transferor and/or the transferee(s) specified
      in such Transferor Endorsement Form (each a "Transferee"), calling in the
      aggregate on the face or faces thereof for the number of shares of Common Stock
      called for on the face or faces of the Warrant so surrendered by the
      Transferor.

     

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

     

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

     

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

     

    11. Transfer
      on the Company's Books.
      Until
      this Warrant is transferred on the books of the Company, the Company may treat
      the registered holder hereof as the absolute owner hereof for all purposes,
      notwithstanding any notice to the contrary. 

     

    12. Notices.
      All
      notices, demands, requests, consents, approvals, and other communications
      required or permitted hereunder shall be in writing and, unless otherwise
      specified herein, shall be (i) personally served, (ii) deposited in the mail,
      registered or certified, return receipt requested, postage prepaid, (iii)
      delivered by reputable air courier service with charges prepaid, or (iv)
      transmitted by hand delivery, telegram, or facsimile, addressed as set forth
      below or to such other address as such party shall have specified most recently
      by written notice. Any notice or other communication required or permitted
      to be
      given hereunder shall be deemed effective (a) upon hand delivery or delivery
      by
      facsimile, with accurate confirmation generated by the transmitting facsimile
      machine, at the address or number designated below (if delivered on a business
      day during normal business hours where such notice is to be received), or the
      first business day following such delivery (if delivered other than on a
      business day during normal business hours where such notice is to be received)
      or (b) on the second business day following the date of mailing by express
      courier service, fully prepaid, addressed to such address, or upon actual
      receipt of such mailing, whichever shall first occur. The addresses for such
      communications shall be: if to the Company, to: Boomj,
      Inc., 9029 South Pecos Road, Suite 2800, Henderson, NV 89074, Attn: Robert
      J.
      McNulty, CEO, fax number:
      (702)
      463-7007,
      with a
      copy by fax only to: TroyGould, 1801 Century Park East, Suite 1600, Los Angeles,
      CA 90067-2367, Attn: Istvan Benko, Esq., fax number: (310) 789-1426, and (ii)
      if
      to the Holder, to the address and telecopier number listed on the first
      paragraph of this Warrant.

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    Exhibit
      10.1

     

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

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    Exhibit
      10.1

     

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

     

    
      	 	
              BOOMJ,
                INC. 

            
	 	 
	 	 
	 	
              By:

            	   

	 	 	
              Name:

            

    

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    Exhibit
      10.1

    

    Exhibit A

    

    FORM
      OF
      SUBSCRIPTION

    (to
      be
      signed only on exercise of Warrant)

     

    TO:
      BOOMJ, INC. 

     

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

    

    ___ ________
      shares of the Common Stock covered by such Warrant; or

     

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

    

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

    

    ___ $__________
      in lawful money of the United States; and/or

     

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

    

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

    

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

    _________________________________________________________________________________________.
      

    

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

    

    
      	
              Dated:___________________ 

            	 

	
               

            	
              (Signature
                must conform to name of holder as specified on the face of the
                Warrant)

               

               
                

            
	 	  

	 	
              (Address) 

            

    

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    Exhibit
      10.1

     

    Exhibit B

    

    FORM
      OF
      TRANSFEROR ENDORSEMENT

    (To
      be
      signed only on transfer of Warrant)

     

    For
      value
      received, the undersigned hereby sells, assigns, and transfers unto the
      person(s) named below under the heading "Transferees" the right represented
      by
      the within Warrant to purchase the percentage and number of shares of Common
      Stock of BOOMJ, INC. to which the within Warrant relates specified under the
      headings "Percentage Transferred" and "Number Transferred," respectively,
      opposite the name(s) of such person(s) and appoints each such person Attorney
      to
      transfer its respective right on the books of BOOMJ, INC. with full power of
      substitution in the premises.

     

    
      	
              Transferees

            	 	
              Percentage
                Transferred

            	 	
              Number
                Transferred

            
	 	 	 	 	 

    

    

    
      	Dated:
              ______________,
              ___________ 	 	  

	
               

              Signed
                in the presence of:

            	
            	
              (Signature
                must conform to name of holder as specified on the face of the
                warrant)

               

            
	  
	 	  

	
              (Name) 

            	 	 

	 	 	
              (address) 

            
	 	 	 
	ACCEPTED
              AND AGREED:
              [TRANSFEREE]

            	 	 
	 	 	 

	 	 	
              (address) 

            
	  
	 	 

	
              (Name)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00146-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00146-of-00352.parquet"}]]