Document:

Exhibit 4.4

MBND

 

MULTIBAND CORPORATION 

 

Renewable Unsecured Subordinated Note Subscription
Agreement

 

To purchase a Multiband Corporation renewable unsecured subordinated
note(s), please complete both sides of this form and write a check made payable to Multiband Corporation. Mail this form, your
check and any other documents requested below in the enclosed postage-prepaid business reply envelope. If you use your own envelope,
please mail your investment to: Multiband Corporation, 5605 Green Circle Drive, Minnetonka, MN 55343. If you have any questions,
please call 763-504-3000.

 

NOTE PURCHASE AMOUNT (minimum principal
amount $1,000 per note)

 

INTEREST PAYMENT SCHEDULE (Please select one for each note)

 

	Note Term	 	 	Principal Amount	 	 	Quarterly	 	Maturity	 
	Three Month	 	 	$		 	 	 ̈	 	 ̈	 
	Six Month	 	 	$		 	 	 ̈	 	 ̈	 
	One Year	 	 	$		 	 	 ̈	 	 ̈	 
	Two Year	 	 	$		 	 	 ̈	 	 ̈	 
	Three Year	 	 	$		 	 	 ̈	 	 ̈	 
	Four Year	 	 	$		 	 	 ̈	 	 ̈	 
	Five Year	 	 	$		 	 	 ̈	 	 ̈	 
	Ten Year	 	 	$		 	 	 ̈	 	 ̈	 
	Total	 	 	$		 	 	 	 	 	 

 

 

 

    	 

    	 

    

 

 

Form of Ownership (Pleas select one)

		£	Individual Investor
(with optional beneficiary)

		£	Joint Tenants with Right
of Survivorship

		£	Custodian for a Minor

		£	Other IRA, SEP,
401(k), 403(b), Koegh, trust, corporation, partnership, etc.

(Please include with this form a trust resolution or the appropriate
corporation or partnership documents authorizing you to make this investment.)

 

Note Purchaser (please circle one)

 

Full Name of Individual Investor/First Joint Tenant/Minor/Entity/Administrator/Trustee

 

	 	 	 	 	/       /
	First Name, Middle Name, Last Name	 	Social Security Number/Tax ID Number	 	Date of Birth (if applicable)

 

Occupation:_________________Age:____________

 

Full Name of Beneficiary/Second Joint Tenant/Custodian/Transfer
on Death (please circle one if applicable)

 

	 	 	 	 	/       /
	First Name, Middle Name, Last Name	 	Social Security Number/Tax ID Number	 	Date of Birth (not required for custodians

 

	Primary Address (Original correspondence will be sent to this address.)	 	Secondary Address (Optional—copies of correspondence will be sent in this address.)

 

 

	Individual Investor, IRA administrator, Trustee, Custodian, partnership, etc.	 	Beneficiary, IRA Owner, Joint Tenant, Partner, etc.

 

 

	Address	 	Address

 

 

	City	 	State	 	Zip	 	City	 	State	 	Zip

 

 

	Daytime Phone (Include area code)	 	E-mail Address	 	Daytime Phone (include area code)	 	E-mail Address

 

What is your approximate net worth, excluding the value
of your primary residence, furnishings, and personal automobiles and the debt secured by these items (to the extent such debt
does not exceed the value)? $______________________

 

What is your annual income? $_______________________

 

What percent of your net worth is currently invested in securities
(stocks, bonds, notes, LLC or partnership interests) that are not traded on a stock exchange or NASDAQ?__________%

 

Suitability Standards Multiband Corporation has established
minimum suitability standards for investors who reside in the following states: [________________________]. If you reside in one
of these states, please see the notices on the reverse side for details.

 

Password When you call about your investment you may
be asked to verify your identification by answering the following question:

 

    	 

    	 

    

 

What is your mother’s maiden name?_______________________

Direct Deposit Multiband Corporation will electronically
deposit your principal and interest payments directly into the account listed in the Direct Deposit section on the reverse side
of this form, please complete and sign the reverse side of this form for automatic deposit to either your checking or savings account.

SUBSTITUTE FORM W-9 CERTIFICATION Under penalties
of perjury, I hereby declare and certify that: (i) the social security number or tax identification number listed above is correct
(or I am waiting for a number to be issued to me); (ii) I am not subject to backup withholding because: (a) I am exempt from backup
withholding, or (b) I have not been notified by the Internal Revenue Service (IRS) that I am subject to backup withholding as a
result of a failure to report all interest or dividends, or (c) the IRS has notified me that I am no longer subject to backup withholding;
and (iii) I am a U.S. citizen or other U.S. person (as defined in the IRS Instructions to Form W-9).

 

Certification instructions. You must cross out item (ii)
above if you have been notified by the IRS that you are currently subject to backup withholding because you have failed to report
all interest and dividends on your tax return.

 

	SIGN HERE	 	 	SIGN HERE	 
	
         

         
	 	 	 	 
	
        Signature of Individual Investor/First

        Joint Tenant/Custodian/Authorized Person
	Date	 	
        Signature of Second Joint Tenant

        (if applicable)
	Date

 

ADDITIONAL CERTIFICATIONUnder penalties of perjury,
I hereby declare and certify that: (i) I am a bona fide resident of the state listed in the primary mailing address; (ii) I have
received and read the prospectus provided by Multiband Corporation, and understand the risks related to the notes and to the Company;
(iii) neither Multiband Corporation, its affiliates or agents have recommended this investment to me or given me investment, legal
or tax advice regarding the notes or the Company’s creditworthiness; (iv) I have independently determined that this investment
is suitable for me without relying on such advice from Multiband Corporation, or its affiliates or agents; (v) the notes are unsecured
and subordinate to all other Company indebtedness; (vi) the notes are illiquid due to significant transfer restrictions and the
lack of a secondary market; (vii) the notes are obligations of Multiband Corporation, only they are not bank certificates of deposit
and they are not guaranteed or insured by the FDIC or any other entity; (viii) I risk the loss of my entire principal amount and
all accrued but unpaid interest when purchasing the notes and have the financial ability to withstand these losses; and (ix) I
am purchasing the notes to fulfill my investment objective of earning current taxable interest income. I understand that my purchase
offer is subject to the terms contained in the prospectus and to state securities regulations, may be rejected in whole or in part
and will not become effective until accepted by Multiband Corporation.

 

	SIGN HERE	 	 	SIGN HERE	 
	
         

         
	 	 	 	 
	
        Signature of Individual Investor/First

        Joint Tenant/Custodian/Authorized Person
	Date	 	
        Signature of Second Joint Tenant

        (if applicable)
	Date

 

(Please complete reverse side)

 

	 	Office Use Only	 	MBND_________	[     ]__________	 	DATE__________	 

 

    	 

    	 

    

 

 

MBND

DIRECT DEPOSIT

 

Direct Deposit Account Information (please check one)

 

		£	I currently receive or have received direct deposit payments for other notes purchased from Multiband
Corporation. Please deposit all principal and interest payments for this new note into the same account.

 

		£	Please deposit my principal and interest payment into the same checking account that I am using
to make this investment. The correct account information is listed on the enclosed check that I am using to purchase this note.

 

		£	Please deposit my principal and interest payments into the account listed below. (If this is
a checking account, please attach a VOIDED check to the bottom of this form. If this is a savings account, please confirm the bank
routing number and the account number with your financial institution.)

 

 

Account Owner Name(s)

 

__________________________________________  £ Checking    £
Savings     £ Other

 

 

	 	 	 	 	 	 	 	 	 	 	 	 
	Bank Routing Number (9 digits)	 	Bank Name                           Branch
Location

 

Some financial institutions (e.g., brokerage firms, custodians,
mutual savings banks, credit unions, money market funds, etc.) also require “for further credit” information to correctly
identify direct deposit accounts. If your financial institution requires this additional information, please list it below. If
you are unsure if this additional information is required, please call your financial institution.

 

For further credit:________________________

 

Direct Deposit Authorization

 

As the investor of record and authorized signatory of the account
listed above, I hereby authorize Multiband Corporation, its affiliates, or its agents (collectively referred to hereinafter as
“MBND”) to deposit interest and principal payments owed to me, by initiating credit entries in the account to my financial
institution listed on this form. Further, I authorize my financial institution to accept and to credit any credit entries initiated
by MBND to the listed account. In the event of an erroneous credit entry, I also authorize MBND to debit the account for an amount
not to exceed the original amount of the erroneous credit.

 

This authorization is to remain in full force and effect until
MBND and my financial institution have received written notice from me of its termination in such time and in such manner as to
afford MBND and my financial institution reasonable opportunity to act on it. In the event the listed account is closed, I will
promptly notify MBND of an alternate account into which payments can be made.

 

	SIGN HERE	 	 
	
         

         
	 	 
	Authorized Signature	 	Date

 

Mail to:

Multiband Corporation

5605 Green Circle Drive

Minnetonka, MN 55343

 

 

 ATTACH VOIDED
CHECK HEREExhibit 4.5

 

PAYING AGENT AGREEMENT

 

THIS PAYING AGENT AGREEMENT (the “Agreement”)
is made as of the day of ,2013 between [_______________], a national association maintaining its principal corporate trust
office at [_______________] (the “Paying Agent”), and Multiband Corporation, a Minnesota corporation
maintaining its principal place of business at 5605 Green Circle Drive, Minnetonka, MN 55343 (the “Issuer”).

 

WHEREAS, the Issuer has authorized and proposes to issue up
to $20 million aggregate principal amount of its Unsecured Subordinated Renewable Notes (the “Notes”) pursuant to an
Indenture dated as of _____________, 2013 (the “Indenture”), between the Issuer and [_______________], as trustee
(the “Trustee”);

 

WHEREAS, the Issuer desires to appoint the Paying Agent as paying
agent with respect to the Notes; and

 

WHEREAS, the Paying Agent agrees to act as such paying agent
in accordance with, and subject to the terms and provisions of, this Agreement, the Indenture, the Notes and the Prospectus dated
______________, 2013, as it may be supplemented from time to time (as so supplemented, the “Prospectus”);

 

NOW, THEREFORE, in consideration of the
mutual promises hereinafter contained, the Paying Agent and the Issuer hereby covenant and agree as follows:

 

ARTICLE I

APPOINTMENT

 

		Section 1.1	The Issuer hereby appoints the Paying Agent as its paying
agent with respect to the Notes to perform the duties hereinafter set forth.

 

		Section 1.2	The Paying Agent hereby accepts such appointment in accordance
with, and subject to, the terms and provisions of this Agreement, and subject to the terms and provisions of the Indenture, the
Notes and the Prospectus as such terms and provisions relate to the Paying Agent, and agrees to perform the duties hereinafter
set forth and set forth in the Indenture, the Notes and the Prospectus. The Issuer shall be entitled to receive interest or earnings
on or with respect to any amounts held or deposited with the Paying Agent overnight or over a holiday or weekend, in which event
the Paying Agent shall remit to the Issuer any interest or earnings accrued or earned pursuant to the Issuer’s direction
to invest such amounts. Any interest or earnings on or with respect to any amount held by or deposited with the Paying Agent hereunder
shall be remitted to the Issuer in accordance with the Issuer’s written instructions. The Paying Agent shall be under no
duty or obligation to collateralize or pledge any security therefore, or to segregate such amounts except as required by law.

 

    	 

    	 

    

 

ARTICLE II

DEPOSIT OF FUNDS

 

		Section 2.1	On the business day immediately prior to each interest
or principal payment date described in Article III, the Issuer shall deposit, or cause to be deposited, with the Paying Agent
immediately available funds in an amount equal to the aggregate amount to be paid by the Paying Agent on such payment date. In
the event the amount deposited with respect to a payment date is less than the sum of the aggregate amounts specified in statements
furnished to the Paying Agent pursuant to this Article with respect to such payment date, the Paying Agent shall immediately notify
the Issuer, and shall effect no payments with respect to such payment date until such discrepancy has been resolved. Until paid
as hereinafter provided, the Paying Agent shall hold such amounts in trust for the benefit of the holders of the Notes, and the
Issuer shall deposit with the Paying Agent such additional funds as may be required to pay additional interest to such holders
in the event that their interest or principal payments are so delayed as required under the Indenture. The Paying Agent shall
not pay any interest or earnings on or with respect to amounts held or deposited hereunder to the Issuer, except as otherwise
provided in Section 1.2 hereof.

 

ARTICLE III

PAYMENTS

 

		Section 3.1	Not later than two (2) business days prior to any date
on which interest or principal on the Notes is due and payable, the Issuer shall furnish, or cause to be furnished, to the Paying
Agent a file containing information necessary for the Paying Agent to effect such interest or principal payments (each, a “Payment
File”). Payment Files shall include amounts payable (net of any tax withholding amounts ), and complete bank account information
for each individual payment, and be delivered to the Paying Agent by the Issuer, or agent thereof, in an electronic format satisfactory
to the Paying Agent.

 

		Section 3.2	The Paying Agent shall effect payment of interest on
the Notes as such becomes due and payable on the respective interest payment dates. Except as otherwise required pursuant to the
terms of the Notes, the Indenture or the Prospectus, such payment shall be accomplished by the Paying Agent electronically transferring
such amounts to an account specified by the registered owner of the Note on the record date in a designation in form and substance
satisfactory to the Paying Agent (such designation to be received by the Paying Agent from the Issuer or its agent no later than
the record date).

 

		Section 3.3	The Paying Agent shall, at the direction of the Issuer
or its agent, effect payment in full of principal on the Notes as of the respective maturity dates, unless the term of the related
Note is renewed or such Note becomes due and payable on an earlier date by acceleration, redemption, repurchase or otherwise pursuant
to the terms of the Note, the Indenture or the Prospectus. If the Notes are issued as definitive, certificated securities pursuant
to the Indenture, then the Paying Agent shall effect payment of the principal of the Notes upon the presentation and surrender
of the Notes at the principal corporate trust office of the Paying Agent (a) at maturity, (b) upon redemption or repurchase of
the Notes or (c) as otherwise provided by the Notes, the Indenture or the Prospectus. If the Notes are issued in book-entry form
pursuant to the Indenture, then the Paying Agent shall effect payment of the principal of each Note upon a direction, instruction
or confirmation from the Issuer or Registrar as the Issuer’s agent that the book-entry account evidencing such Note is being
terminated and cancelled as paid in full (a) at maturity, (b) upon redemption or repurchase of the Notes or (c) as otherwise provided
by the Notes, the Indenture or the Prospectus.

 

    	2

    	 

    

 

		Section 3.4	Notwithstanding any provision elsewhere contained herein,
payments by the Paying Agent shall be made only out of amounts deposited with the Paying Agent by or on behalf of the Issuer with
respect to such payment.

 

		Section 3.5	The Paying Agent will not charge, impose, collect or
receive, from the holder or owner of any Note, any fee or consideration for any services performed in connection with any payment
of principal or interest to such holder or owner, and any charge for postage, for wiring payment, or otherwise, shall be charged
to and collected only from the Issuer.

 

ARTICLE IV

ADDITIONAL DUTIES OF PAYING AGENT

 

		Section 4.1	The Paying Agent shall: (i) keep and maintain appropriate
records; and (ii) perform such related duties as may be necessary for the Paying Agent to perform. Such records shall, upon prior
written request, be available for inspection by authorized officers, employees, and agents of the Issuer during the normal business
hours of the Paying Agent. Upon the termination of this Agreement, and at the request and expense of the Issuer, the Paying Agent
shall deliver to the Issuer copies of such Records reflecting all transactions as of such date, in the form and manner kept by
the Paying Agent.

 

		Section 4.2	The Paying Agent shall, at the direction of the Issuer
or its agent, file such federal and state tax returns concerning payments hereunder as shall be required of it by applicable law,
but shall not be responsible for the collection or withholding of taxes due on such payments except, and only to the extent, required
of it as Paying Agent by applicable law or under the Notes, the Indenture or the Prospectus. The Issuer shall provide, or cause
to be provided, to the Paying Agent, information necessary or required by the Paying Agent to complete any applicable federal
or state returns on behalf of the Issuer, including, but not limited to, certified tax identification numbers for each reportable
payee.

 

		Section 4.3	The Paying Agent shall have no duties or responsibilities
whatsoever except such duties and responsibilities as are specifically set forth in this Agreement, the Notes, the Indenture or
the Prospectus, and no covenant or obligation shall be implied in this Agreement, against the Paying Agent. Without limiting the
generality of the foregoing, the Paying Agent shall not be an office or agency of the Issuer where Notes may be presented for
re-registration or transfer, nor act as Registrar or Transfer Agent with respect to, or maintain record lists of holders of Notes.

 

		Section 4.4	The Paying Agent shall incur no liability and shall be
fully protected in acting upon any written instruction of the Issuer. The Issuer agrees to provide or cause its agent to provide,
written instructions to the Paying Agent with respect to any and all actions to be taken by the Paying Agent where failure to
take such actions would adversely affect the rights of or impose liability or penalties (including tax liability or penalties)
upon, the Issuer or the registered owners, past or present, of the Notes, and in the absence of such instructions, the Paying
Agent shall have no duty to take any such action.

 

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		Section 4.5	The Paying Agent shall use its best efforts to perform
its obligations hereunder, including the timely taking of action as required hereunder, provided, however, that the Paying Agent
shall not be liable for its failure to meet such deadlines, including, without limitation, deadlines for the payment of money
to owners of Notes, except such failure as shall result from its negligence, willful misconduct or bad faith.

 

		Section 4.6	With respect to any notices required to be sent by the
Paying Agent, the Paying Agent shall not be liable for its failure to include required information in such notices unless such
information has been timely provided to it.

 

		Section 4.7	The Paying Agent shall comply with Sections 2.4, 2.7,
4.1, 8.3, 10.10, 10.12 and any other relevant sections of the Indenture (a copy of which will be provided to the Paying Agent,
to the extent the Trustee is not also appointed as the Paying Agent) as they pertain to the Paying Agent.

 

ARTICLE V

CONCERNING THE PAYING AGENT

 

		Section 5.1	The Paying Agent shall not be liable for any loss or
damage, including reasonable counsel fees and expenses, resulting from its actions or omissions to act hereunder, except for any
loss or damage arising out of its own bad faith, negligence or willful misconduct. Without limiting the generality of the foregoing,
the Paying Agent shall not be liable for any action taken or omitted in reliance on any notice, direction, consent, certificate,
affidavit, statement, designation or other paper or document reasonably believed by it to be genuine and to have been duly and
properly signed or presented to it by the Issuer.

 

		Section 5.2	The Issuer shall indemnify and hold harmless the Paying
Agent from and against any and all claims, demands, expenses (including reasonable counsel fees and out-of-pocket expenses) and
liabilities of any and every nature which the Paying Agent may sustain or incur or which may be asserted against the Paying Agent
as a result of any action taken or omitted by the Paying Agent hereunder without bad faith, negligence or willful misconduct.
At any time, the Paying Agent may apply to the Issuer for written instructions with respect to any matter arising under this Agreement
and shall be fully protected in acting in accordance with such instructions. In addition, the Paying Agent may, as reasonably
necessary, consult counsel to the Issuer, and shall be fully protected with respect to any action taken or omitted in good faith
in accordance with such advice or opinion of counsel to the Issuer.

 

		Section 5.3	The Paying Agent may employ agents or attorneys-in-fact,
and shall not be liable for any loss or damage arising out of, or in connection with, the actions or omissions to act of such
agents or attorneys-in-fact provided the Paying Agent acted without bad faith, negligence, or willful misconduct in connection
with the selection of such agents or attorneys-in-fact.

 

		Section 5.4	The Paying Agent makes no representations with respect
to the validity or sufficiency of the Notes, or the use or application of the proceeds of the sale or distribution thereof, and
shall incur no liability with respect to the foregoing.

 

    	4

    	 

    

 

		Section 5.5	Notwithstanding any other provision elsewhere contained
in this Agreement, the Paying Agent is acting solely as agent of the Issuer and does not assume any obligation or relationship
of agency or trust for or with any owners or holders of Notes other than the limited obligations with respect to amounts deposited
for the payment of principal of and interest on the Notes and the obligations set forth in Sections 4.7 hereof.

 

		Section 5.6	The Issuer shall pay to the Paying Agent for its performance
hereunder: (a) such compensation as may mutually be agreed upon in writing in a schedule to this Agreement or otherwise; and (b)
its out-of-pocket expenses (including reasonable counsel fees and expenses) incurred in connection with this Agreement, including,
without limitation, those referred to in Section 3.5 hereof.

 

ARTICLE VI

GENERAL

 

		Section 6.1	Either of the parties hereto may terminate this Agreement
by giving to the other a notice in writing specifying a termination date which, unless otherwise waived by the other party, is
at least forty-five (45) days after the giving of such notice; provided, however, that each party hereto may terminate this Agreement
upon the breach or failure of the other party to perform any obligations hereunder and such breach or failure to perform shall
continue for ten (10) days after written notice thereof or upon the entry of a decree or order of involuntary bankruptcy, commencement
of a voluntary case under applicable bankruptcy laws, appointment of a trustee in bankruptcy or an assignment for the benefit
of creditors by either party thereto. Upon the date specified in such notice, the Paying Agent shall, upon making the delivery
required by Section 4.1 hereof, be relieved of all duties and responsibilities pursuant to this Agreement; provided that the provisions
of Sections 5.1, 5.2 and 5.6 hereof shall survive the termination of this Agreement.

 

		Section 6.2	Any notice, instruction, request for instructions or
other instrument in writing authorized or required by this Agreement be given to either party shall be deemed given if addressed
and mailed certified mail to it at its offices at the address first above written, or at such other place as such party may from
time to time designate in writing.

 

		Section 6.3	As of the date hereof, the Issuer hereby designates [____________]
as its designated servicing agent for purposes of this agreement. The Paying Agent may rely on information received from [____________]in
connection herewith as is if such information had been delivered by the Issuer, including Payment Files, information provided
in connection with federal or state filings, and subscription information, if applicable.

 

		Section 6.4	This Agreement may not be amended or modified in any
manner except by a written agreement executed by both parties and shall be acknowledged and agreed to by the designated servicing
agent, to the extent the amendment or modification effects the duties of the servicing agent.

 

		Section 6.5	Nothing in this Agreement, express or implied, shall
give to any person, other than the parties hereto, the Trustee (which is expressly made a third-party beneficiary hereto for purposes
of Section 4.7 of this Agreement), and their successors hereunder, any benefit or any legal or equitable right, remedy or claim
under this Agreement.

 

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		Section 6.6	This Agreement shall be governed by, and construed in
accordance with, the laws of the State of Minnesota, without regard to conflicts of laws principles thereof.

 

		Section 6.7	This Agreement may be signed in any number of counterparts
with the same effect as if the signature to each counterparts were upon a single instrument, and all such counterparts together
shall be deemed an original of this Agreement.

 

[Signature
Page begins on next page]

 

    	6

    	 

    

 

[Signature page to Paying Agent Agreement]

 

IN WITNESS WHEREOF, the parties hereto have
caused this Paying Agent Agreement to be executed by their respective corporate officers, thereunto duly authorized, as of the
day and year first above written.

 

	 	MULTIBAND CORPORATION, as Issuer
	 	 	 
	 	By:	                  
	 	Name:
	 	Title:
	 	 	 
	 	[_______________]
	 	as Paying Agent
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

ACKNOWLEDGED AND AGREED TO:

 

[____________],

As Issuer’s Servicing Agent pursuant to Section 6.3 hereof

 

	By:	 	 
	Name:	 
	Title:	 

 

    	7

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