Document:

MASTER
      CONSULTING AGREEMENT

     

    
      

      

    

    

    SMARTVIDEOTM
      TECHNOLOGIES, INC.

    

    and

    

    JAMES
      MORRISON

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    SMARTVIDEOTM
      TECHNOLOGIES, INC

    3505
      Koger Boulevard, Suite 400

    Duluth,
      Georgia 30096

    (770)
      279-3100

    

    MASTER
      CONSULTING AGREEMENT

    

    BETWEEN

    

    James
      Morrison

    2205
      Crestline Falls Place

    Las
      Vegas, Nevada 89134

    

    

    Telephone:

    Facsimile:

    Tax
      ID#:

    

    

    AND

    

    SMARTVIDEOTM
      TECHNOLOGIES, INC. (Hereinafter “COMPANY”) 

    3505
      Koger Boulevard, Suite 400

    Duluth,
      Georgia 30096

    

    COMPANY
      Contact:

    

    David
      Ross

    President

    Telephone:
      (770) 279-3100

    Facsimile:
      (770) 279-

    

    
      
         

      

      
        -2-

        
          

        

      

      
         

      

    

    

    COMPANY
      and CONSULTANT hereby agree as follows:

    

    
      	1.	
              Scope
                of Work

            

    

    

    CONSULTANT
      shall perform CONSULTANT services (the “SERVICES”) for SMARTVIDEOTM
      TECHNOLOGIES, INC., (“COMPANY”) as follows:

    

    
      	 	
              (a)

            	
              Consultant
                shall provide the Company consulting services regarding matters including,
                but not limited to, general advice and direction on business development,
                strategic planning and engineering and
                design;

            

    

    

    
      	 	
              (b)

            	
              Consultant
                shall assist the Company in obtaining written agreements with [*
                * * * *].
                Such agreements shall include, but not limited to, an agreement for
                a
                [*
                * * * *];

            

    

    

    
      	 	
              (c)

            	
              Consultant
                shall provide advice relating to negotiations with [*
                * * * *]
                related to the acquisition of paying subscribers for SmartVideo
                services;

            

    

    

    
      	 	
              (d)

            	
              Subject
                to Consultant receiving reasonable prior notice, and Consultant’s
                availability, Consultant shall attend significant carrier and/or
                content
                players meetings at the reasonable request of the
                Company;

            

    

    

    
      	 	
              (e)

            	
              Consultant
                shall sell the Company a complete, fully functioning SMS platform
                - turn
                key; and

            

    

    

    
      	 	
              (f)
                

            	
              Consultant
                shall provide such other and further services as mutually agreed
                upon by
                Consultant and Company.

            

    

    

    CONSULTANT
      shall provide the SERVICES specified above at a minimum of 25 hours per
      week.

    

    CONSULTANT
      shall report directly to the President of the Company and his designee(s),
      including but not limited to, the Senior Vice President of Business Development,
      the Senior Vice President of Content and the Chief Engineer. Only these
      individuals will have the authority to provide direction to the Consultant,
      including travel and scope of work.

    

    
      	2.	
              Compensation

            

    

    

    COMPANY
      shall pay CONSULTANT as follows:

    

    [*
      * * * *];

    

    COMPANY
      shall pay CONSULTANT $10,000 for the complete, fully functioning SMS platform,
      -
      turn key, described in Section 1(e) above.

    

    COMPANY
      will provide to CONSULTANT warrants to purchase common stock in COMPANY upon
      obtaining certain goals and objectives and for the provision of certain
      services, as further outlined below.

     

    
      *Confidential
        Treatment has been requested for the marked portion and filed separately
        with
        the Commission.

    

    
      
         

      

      
        -3-

        
          

        

      

      
         

      

    

    Category
      1 Warrants:

    

    
      	 	
              1.

            	
              A
                warrant to purchase 50,000 shares of the Company’s common stock for the
                Services described in Section l(a) -(d) and (f) above as a Consultant
                to
                the Company. The strike price of this warrant will be the per share
                price
                equal to the closing sale price quoted on the OTC Bulletin Board
                on the
                date of the execution of this Agreement. Such warrant will be issued
                on
                the date of execution of this Agreement and will be exercisable for
                a
                period of 5 years from the date of
                issuance.

            

    

    

    
      	 	
              2.

            	
              A
                warrant to purchase 50,000 shares of the Company’s common stock upon
                execution of the first written agreement between the Company and
                a
                [*
                * * * *] to
                put a [*
                * * * *].
                The strike price of this warrant will be the per share price equal
                to the
                closing sale price quoted on the OTC Bulletin Board or another nationally
                recognized trading system on the date of the execution of this Agreement
                or the date of the execution of the agreement with the [*
                * * * *],
                whichever is lower. Such warrant will be issued on the date of the
                execution of this Agreement, and will be exercisable on the date
                the
                [*
                * * * *] agreement
                is executed. The warrant will remain exercisable for a period of
                5 years
                from the date of issuance.

            

    

    

    
      	 	
              3.

            	
              A
                warrant to purchase 50,000 shares of the Company’s common stock upon
                Official Commercial Launch of the [*
                * * * *].
                “Official Commercial Launch” is defined as a marketing supported, paid
                subscription launch of the application described herein. The strike
                price
                of this warrant will be the per share price equal to the closing
                sale
                price quoted on the OTC Bulletin Board or another nationally recognized
                trading system on the date of the execution of this Agreement or
                the date
                of the Official Commercial Launch, whichever is lower. Such warrant
                will
                be issued on the date of the execution of this Agreement, and will
                be
                exercisable upon the date of the Official Commercial Launch. The
                warrant
                will remain exercisable for a period of 5 years from the date of
                issuance.

            

    

    

    
      	 	
              4.

            	
              A
                warrant to purchase 50,000 shares of the Company’s common stock upon
                reaching the threshold of 200,000 paid subscribers to the [*
                * * * *]
                as
                referenced in (4) above. (The 200,000 paid subscribers can come from
                any
                one of a number of sources, such as [*
                * * * *]
                etc...and can be comprised of different “on deck” or “off deck”
                applications). The strike prices of this warrant will be the per
                share
                price equal to the closing sales price quoted on the OTC Bulletin
                Board or
                another nationally recognized trading system on the date of execution
                of
                this Agreement or the date on which the 200,000 subscriber threshold
                is
                reached, whichever is lower. Such warrant will be issued on the date
                of
                the execution of this Agreement and will be exercisable upon reaching
                the
                200,000 subscriber threshold. The warrant will remain exercisable
                for a
                period of 5 years from the date of
                issuance.

            

    

    

    
      	 	
              5.

            	
              A
                warrant to purchase 50,000 shares of the Company’s common stock for the
                Official Commercial Launch of the [*
                * * * *].“Official
                Commercial Launch” is defined as a marketing supported, paid
                subscription launch of the application described herein. The strike
                price
                of this warrant will be the per share price equal to the closing
                sale
                price quoted on the OTC Bulletin Board or another nationally recognized
                trading system on the date of execution of this Agreement or the
                date of
                the Official Commercial Launch, whichever is lower. Such warrant
                will be
                issued on the date of the execution of this Agreement and will be
                exercisable upon the date of the Official Commercial Launch. The
                warrant
                will remain exercisable for a period of 5 years from the date of
                issuance.

            

    

    

    
      
        *Confidential
          Treatment has been requested for the marked portion and filed separately
          with
          the Commission.

      

      
         

      

      
        -4-

        
          

        

      

      
         

      

       

    

    Category
      2 Warrants:
      

    

    
      	 	
              6.

            	
              A
                warrant to purchase no less than 50,000 shares of the Company’s common
                stock for each additional Official Commercial Launch of the [*
                * * * *] and
                threshold generation of 100,000 paid subscribers thereto. “Official
                Commercial Launch” is defined as a marketing supported, paid subscription
                launch of the application described herein. The strike price of this
                warrant will be the per share price equal to the closing sale price
                quoted
                on the OTC Bulletin Board or another nationally recognized trading
                system
                on the date of execution of this Agreement or the date of the Official
                Commercial Launch, whichever is lower. Such warrant will be issued
                on the
                date of the execution of this Agreement and will be exercisable upon
                reaching 100,000 paid subscribers. The warrant will remain exercisable
                for
                a period of 5 years from the date of
                issuance.

            

    

    

    
      	 	
              7.

            	
              A
                warrant to purchase no less than 25,000 shares of the Company’s common
                stock for each Official Commercial Launch of a custom application
                or the
                positioning of the Company’s current linear and/or video on demand content
                on a [*
                * * * *] and
                threshold generation of 50,000 paid subscribers thereto. For purposes
                of
                this objective, a [*
                * * * *].
                “Official Commercial Launch” is defined as a marketing supported, paid
                subscription launch of the application being proposed. Furthermore,
                for
                purposes of this objective, Consultant must obtain the President’s
                pre-approval of both
                the [*
                * * * *] and
                proposed custom application prior to proposing that the Company enter
                into
                a written agreement with the [*
                * * * *].
                The strike price of this warrant will be the per share equal to the
                closing sale price quoted on the OTC Bulletin Board or another nationally
                recognized trading system on the date of execution of this Agreement
                or
                the date of the Official Commercial Launch, whichever is lower. Such
                warrant will be issued on the date of the execution of this Agreement
                and
                will be exercisable upon reaching 50,000 subscribers. The warrant
                will
                remain exercisable for a period of 5 years from the date of
                issuance.

            

    

    

    
      	 	
              8.

            	
              A
                warrant to purchase no less than 50,000 shares of the Company’s common
                stock for each Official Commercial Launch of a [*
                * * * *]
                and threshold generation of 50,000 paid subscribers thereto. “Official
                Commercial Launch” is defined as a marketing supported, paid subscription
                launch of the application described herein. The strike price of this
                warrant will be the per share price equal to the closing sale price
                quoted
                on the OTC Bulletin Board or another nationally recognized trading
                system
                on the date of the execution of this Agreement or the date of the
                Official
                Commercial Launch, whichever is lower. Such warrant will be issued
                on the
                date of the execution of this Agreement and will be exercisable upon
                reaching 50,000 paid subscribers. The warrant will remain exercisable
                for
                a period of 5 years from the date of
                issuance.

            

    

    

    
      
        *Confidential
          Treatment has been requested for the marked portion and filed separately
          with
          the Commission.

      

      
         

      

      
        -5-

        
          

        

      

      
         

      

       

    

    
      	 	
              9.

            	
              A
                warrant to purchase no less than 25,000 shares of the Company’s common
                stock for [*
                * * * *]
                referred to the Company by Consultant, directly or indirectly, and
                executed, [*
                * * * *] within
                six (6) months from the commencement of the engagement. The strike
                price
                for this warrant will be the per share price equal to the closing
                sale
                price quoted on the OTC Bulletin Board or another nationally recognized
                trading system on the date of the execution of this Agreement or
                the date
                that the [*
                * * * *] stated
                above is achieved, whichever is lower. Such warrant will be issued
                on the
                date of execution of this Agreement and will be exercisable upon
                reaching
                the [*
                * * * *] specified
                herein. The warrant will remain exercisable for a period of 5 years
                from
                the date of issuance.

            

    

    

    Promptly
      upon the execution of this Agreement, but in any event within sixty (60) days
      from the date hereof, the Company shall file a registration statement for a
      public resale of all of the securities evidenced by the warrants, and shall
      use
      all commercially reasonable efforts to cause the same to be declared effective
      by the Securities and Exchange Commission as promptly as practicable after
      such
      filing, and shall keep such registration statement effective for a period of
      seven (7) years from the date of issuance.

    

    All
      warrants issued pursuant to this Agreement shall have a cashless exercise
      feature.

    

    The
      CONSULTANT understands and agrees that the President, in his sole discretion,
      may award CONSULTANT Category 2 Warrants over and above the minimums specified
      in Nos. 6-9 above.

    

    Furthermore,
      the CONSULTANT understands and agrees that there will initially be a total
      approved pool of 250,000 Category 2 Warrants available to be awarded to the
      CONSULTANT for meeting objective Nos. 6-9. If and when the initial pool of
      250,000 warrants has been issued, then CONSULTANT understands and agrees that
      the President will be required to seek Board approval for an additional pool
      of
      Category 2 Warrants, which approval may be withheld in the sole discretion
      of
      the Board.

    

    CONSULTANT
      understands and agrees that, as an independent contractor, it is solely
      responsible for all taxes and other costs and expenses attributable to the
      compensation payable to and services provided by it under this Agreement.
      CONSULTANT understands and agrees that it is obligated to pay federal, state
      and
      local income tax, if any, due on any compensation paid to it pursuant to this
      Agreement, and it represents that it has taken and will take any and all actions
      required to comply with all applicable federal, state and local laws pertaining
      to the same.

    

    It
      is
      expressly understood that CONSULTANT is not eligible for, and will not receive,
      any employment benefits such as insurance and retirement, any other compensation
      such as bonuses or vacation, or any worker’s compensation or unemployment
      insurance benefits from COMPANY.

    
       

      
        *Confidential
          Treatment has been requested for the marked portion and filed separately
          with
          the Commission.

      

      
         

      

      
        -6-

        
          

        

      

      
         

      

    

    

    
      	3.	
              Expenses

            

    

    

    COMPANY
      shall reimburse CONSULTANT for reasonable expenses incurred by CONSULTANT in
      the
      performance of its duties hereunder. Provided, however, that any such expense
      exceeding five-hundred ($500) dollars, must be approved by COMPANY in writing
      in
      advance. Such reimbursements will be made in a prompt and reasonable
      manner.

    

    
      	4.	
              Representations
                of CONSULTANT

            

    

    

    CONSULTANT
      represents that CONSULTANT has the requisite education, expertise, experience
      and skill, to render the desired SERVICES and CONSULTANT shall perform the
      SERVICES in a competent and efficient manner using commercially reasonable
      efforts to accomplish the objectives of the SERVICES. CONSULTANT shall abide
      by
      all laws, rules and regulations that apply to the performance of the SERVICES,
      including applicable requirements regarding equal employment opportunity and
      the
      provisions of Executive Order 11246 and related rules. CONSULTANT when on
      COMPANY premises shall comply with COMPANY policies with respect to conduct
      of
      visitors.

    

    Consultant
      agrees to conduct all Services described in the Agreement in strict compliance
      with any and all applicable federal, state, and local laws, regulations and
      guidelines and any other relevant professional or other standards.

    

    
      	5.	
              Confidentiality
                and Restrictive
                Covenants

            

    

    

    a. Definitions

    

    1. “Confidential
      Information” means any and all data and information, whether disclosed orally,
      in writing, by observation, or otherwise, relating to COMPANY’S business of
      which CONSULTANT becomes aware as a consequence of, during, or through
      CONSULTANT’S affiliation with COMPANY which is not generally known to COMPANY’S
      competitors or the public and is subject to reasonable efforts to maintain
      its
      secrecy. Confidential Information covered by this Agreement does not have to
      be
      marked “Confidential” to be treated as such. Confidential Information may
      include, without limitation, information relating to COMPANY’S: sales generation
      techniques or methods; compilations; programs; methods; techniques; software;
      source code; drawings; processes; research and development; legal affairs;
      accounting; finances; actual or potential client information and lists; client
      contact names and information; client preferences; billing rates; pricing
      practices; business plans; margins; prices; operations; existing and future
      services; contract expiration dates; forecasts and forecast assumptions and
      volumes; and other financial, sales, marketing, services, and operations
      information, whether written or otherwise, which is not common knowledge in
      COMPANY’S industry or to the public. Confidential Information shall not include
      (a) any data or information that has been voluntarily disclosed to the public
      by
      COMPANY (except where such public disclosure has been made by CONSULTANT or
      another without authorization), (b) or that has been independently developed
      and
      disclosed by others, or that otherwise enters the public domain through lawful
      means, (c) is received by the CONSULTANT from a third party without breach
      of a
      non-disclosure obligation of the third party, or (d) is disclosed pursuant
      to
      law, order of a court or governmental agency of competent jurisdiction. It
      is
      expressly stated that any information that CONSULTANT receives or discovers
      during the course of the performance of CONSULTANT’s business (excluding
      CONSULTANT’s work for Company hereunder), will not be deemed to be Confidential
      Information.

    

    
      
         

      

      
        -7-

        
          

        

      

      
         

      

    

    2. “Trade
      Secrets” means: any Confidential Information described above without regard to
      form which: (i) is not commonly known by or available to the public; (ii)
      derives economic value, actual or potential, from not being generally known
      to,
      and not being readily ascertainable by proper means by other persons who can
      obtain economic value from its disclosure or use; and (iii) is the subject
      of
      efforts that are reasonable under the circumstances to maintain its
      secrecy.

    

    b. Duty
      of Non-Disclosure

    

    1. CONSULTANT
      agrees that all Confidential Information and all physical embodiments thereof
      provided to CONSULTANT by COMPANY, or any third party working with or for
      COMPANY, are confidential to COMPANY, and will remain COMPANY’S sole and
      exclusive property. CONSULTANT warrants and agrees that it has not and will
      not
      reproduce, use, distribute, disclose, publish, misappropriate or otherwise
      disseminate any Confidential Information during CONSULTANTS association with
      COMPANY and for a period of one (1) year following the termination of its
      association with COMPANY, irrespective of the reason for such
      termination.

    

    2. CONSULTANT
      further agrees that all Trade Secrets and all physical embodiments thereof
      provided to CONSULTANT by COMPANY, or any third party working with or for
      COMPANY, are confidential to COMPANY and will remain COMPANY’S sole and
      exclusive property. CONSULTANT warrants and agrees that CONSULTANT has not
      and
      will not reproduce, use, distribute, disclose, publish, misappropriate or
      otherwise disseminate any Trade Secrets. CONSULTANT’S requirement and duty
      regarding Trade Secrets is not limited to the duration of its association with
      COMPANY, but extends after the termination of CONSULTANT’S association with
      COMPANY, irrespective of the reason for such termination, for so long as the
      information at issue retains its Trade Secret status.

    

    3. All
      records, files, memoranda, materials, reports, price lists, customer lists,
      drawings, designs, proposals, plans, sketches, documents, computer programs,
      software, source code, disks, computer printouts and the like (together with
      all
      copies thereof) relating to the business of COMPANY, which CONSULTANT shall
      use
      or prepare or come in contact with in the course of, or as a result of its
      association with COMPANY shall, as between the parties hereto, remain the sole
      property of COMPANY. CONSULTANT shall use such materials solely for the benefit
      of COMPANY. CONSULTANT hereby agrees that it immediately will return all such
      materials, including copies, to COMPANY upon demand, or upon the termination
      of
      its association.

    

    c. Work
      Made for Hire.
      CONSULTANT expressly acknowledges and agrees that all discoveries, inventions,
      processes, designs, plans, writings, creations, programs, product improvements,
      materials, Confidential Information, and Trade Secrets (“Work Made for Hire”)
      whether of a technical nature or not, made or developed by CONSULTANT while
      in
      the course of CONSULTANT’S performance of Services to the COMPANY, which relate
      directly to business of COMPANY, shall be the sole and exclusive property of
      COMPANY. CONSULTANT expressly agrees to disclose and release all such Work
      Made
      for Hire and all information regarding the same to COMPANY concurrent with
      the
      discovery or development of the same. CONSULTANT shall assign all rights, title,
      and interest in any such Work Made for Hire to COMPANY. CONSULTANT hereby
      irrevocably assigns all such Work Made for Hire to COMPANY and agrees to execute
      and deliver promptly to COMPANY such assignments and other written instruments,
      and to do such other acts as may be required to patent, copyright or otherwise
      protect such Work Made for Hire and to invest the entire right, title and
      interest in such Work Made for Hire in COMPANY.

    

    
      
         

      

      
        -8-

        
          

        

      

      
         

      

       

    

    If
      during
      the term of this Agreement, CONSULTANT discloses any copyrightable works,
      inventions, discoveries, or ideas to COMPANY which were conceived or written
      prior to this Agreement or which are not based upon the SERVICES performed
      by
      CONSULTANT for COMPANY under this Agreement, COMPANY shall have no liability
      to
      CONSULTANT because of its use of such works, inventions, discoveries or ideas,
      except liability for infringement of any valid copyright or patent now or
      hereafter issued thereon.

    

    d. Non-Solicitation
      of Clients.
      CONSULTANT covenants and agrees that, during his association with COMPANY under
      this Agreement, and for a period of two (2) years following the termination
      of
      this Agreement, CONSULTANT will not directly or indirectly, solicit, contact,
      call upon, communicate with or attempt to communicate with any client of COMPANY
      for the purpose of selling or providing a product substantially similar in
      nature with respect to purpose and functionality that CONSULTANT developed
      for
      the particular client of the COMPANY; provided, however, that the restrictions
      set forth in this paragraph shall apply only to clients with whom CONSULTANT
      had
      regular business contact on behalf of COMPANY within the year immediately
      preceding the termination of his association with COMPANY.

    

    e. Non-Solicitation
      of COMPANY Employees/Contractors.
      CONSULTANT agrees that he will not, during his association with COMPANY under
      this Agreement and for a period of one (1) year following the termination of
      this Agreement, for any reason, directly or indirectly, solicit, attempt to
      solicit, induce, or encourage any employee of COMPANY or any contractor who
      has
      worked for COMPANY in the year prior to the termination of this Agreement,
      to
      work for CONSULTANT; provided, however, that the foregoing shall not prohibit
      CONSULTANT from hiring any employee of COMPANY that was contacted through
      generally accepted employment recruiting procedures, not otherwise specifically
      directed at COMPANY’s employees (i.e. “Monster.com”).

    

    f. Contracts
      or Other
      Agreement with Former Employer or Business.
      The
      CONSULTANT hereby represents and warrants that it is not subject to any
      employment agreement or similar document with a former employer or any business
      with which the CONSULTANT has been associated, which prohibits the CONSULTANT
      during a period of time which extends through the date of execution of this
      Agreement from any of the following: (i) competing with, or in any way
      participating in a business which competes with the CONSULTANT’S former employer
      or business; (ii) utilizing any knowledge or information which may be necessary
      to assist the COMPANY hereunder, (iii) soliciting personnel of such former
      employer or business to leave such former employer’s employment or to leave such
      business; or (iv) soliciting customers of such former employer or business
      on
      behalf of another business. The CONSULTANT hereby further represents and
      warrants that he has not executed any agreement with any other party which,
      on
      its face, purports to require the CONSULTANT to assign Work Made for Hire or
      other inventions created, conceived or first reduced to practice by the
      CONSULTANT during a period of time which extends through the date of execution
      of this Agreement.

    

    
      
         

      

      
        -9-

        
          

        

      

      
         

      

    

    g. COMPANY’S
      Rights for Breach.
      CONSULTANT acknowledges and agrees that COMPANY would suffer great and
      irreparable harm if CONSULTANT should breach or violate any of the terms or
      provisions of the warranties, covenants and agreements set forth in this
      Paragraph 5 (and subparagraphs (a)-(g) thereof) of this Agreement. In the event
      that CONSULTANT should materially breach or violate any of such provisions,
      CONSULTANT agrees and consents that COMPANY shall be entitled to seek a
      temporary restraining order and a permanent injunction to prevent a breach
      or
      threatened breach of any of the warranties, covenants or agreements contained
      in
      this Agreement, as well as recovery of its costs and reasonable attorneys’ fees
      expended in enforcing this Agreement. Nothing in this Agreement, however, shall
      be construed to prohibit COMPANY from also pursuing any and all other damages
      and remedies allowed by law, CONSULTANT having agreed that all remedies shall
      be
      cumulative.

    

    h. Consultant’s
      Rights for Breach. In the event that COMPANY fails to satisfy its obligations
      with respect to the registration of the shares represented by the warrant,
      as
      set forth in Section 2 above, the obligations of CONSULTANT set forth in Section
      5 (b), (d) and (e) above shall be reduced to a period of six (6) months
      following the termination of this Agreement.

    

    
      	6.	
              Conflicts
                of Interest

            

    

    

    COMPANY
      acknowledges that CONSULTANT’S primary business purpose is software development,
      specifically in connection with mobile applications, and that in connection
      with
      such business, CONSULTANT may provide services similar in nature to the Services
      provided hereunder to other entities. Subject to the limitations set forth
      in
      Section 5, and all subparts thereof, nothing herein shall limit or restrict
      CONSULTANT’S right or ability to conduct its normal business operations, as
      currently conducted or as hereinafter may be expanded. Provided, however, that
      CONSULTANT represents that it has advised COMPANY in writing prior to the date
      of signing this Agreement of any relationship with any third parties, including
      competitors of COMPANY, which would present a conflict of interest with the
      SERVICES or which would prevent CONSULTANT from carrying out the terms of this
      Agreement.

    

    
      	7.	
              Independent
                Contractor

            

    

    

    CONSULTANT
      shall be an Independent Contractor, and CONSULTANT and any employees of
      CONSULTANT performing SERVICES shall not
      be
      employees of COMPANY. The means, methods and manner in which SERVICES are
      rendered by CONSULTANT shall be within CONSULTANT’s sole control and discretion.
      COMPANY shall not be responsible for CONSULTANT’s acts or the acts of its
      employees while performing the services whether on COMPANY premises or
      elsewhere, and CONSULTANT and its employees shall not
      have
      authority to speak for, represent, obligate, or legally bind COMPANY in any
      way.

    

    
      
         

      

      
        -10-

        
          

        

      

      
         

      

       

    

    
      	8.	
              Retention
                of Reports

            

    

    

    Unless
      otherwise agreed in writing, CONSULTANT shall retain copies of any written
      reports prepared for COMPANY for a period of five (5) years, after which the
      reports may be destroyed. CONSULTANT shall notify COMPANY prior to destruction
      of any reports. If COMPANY requests additional copies of any such reports during
      the retention period, an additional charge will apply for the preparation and
      printing of such reports.

    

    
      	9.	
              Term
                and Termination

            

    

    

    The
      term
      of this Agreement will be for two (2) years, commencing upon the execution
      of
      this Agreement (the “Term”), unless otherwise extended by the mutual agreement
      of the parties, upon such terms as may be mutually agreed upon, or earlier
      terminated as set forth below.

    

    In
      the
      event that either party commits a material breach of this Agreement, the
      non-breaching party shall have the right to terminate the Agreement upon thirty
      (30) days written notice (during which period the breaching party may cure
      such
      breach). In the even that CONSULTANT is the breaching party, COMPANY may
      terminate the Agreement without further financial obligation to CONSULTANT,
      other than (i) to pay for SERVICES actually performed by CONSULTANT as of the
      date of termination; (ii) to reimburse CONSULTANT for any reasonable expenses
      directly related to the performance of the SERVICES contemplated by this
      Agreement which were incurred by CONSULTANT as of the date of termination and
      in
      accordance with the provisions of this Agreement governing such expenses; and
      (iii) to maintain the registration statement with respect to any warrant that
      has been validly issued to and satisfied by CONSULTANT hereunder, in accordance
      with the terms specified herein.

    

    COMPANY
      may terminate this Agreement upon thirty (30) days prior written notice to
      CONSULTANT. Notwithstanding anything to the contrary contained herein, the
      termination of this Agreement by the COMPANY or the CONSULTANT shall not effect
      or limit any rights CONSULTANT may have with respect to any warrant issued
      hereunder, for which the underlying financial milestones related to such warrant
      were satisfied prior to the date of termination.

    

    
      	10.	
              Right
                of Review

            

    

    

    During
      the term of this Agreement, COMPANY and/or its representatives at reasonable
      times, and upon reasonable notice to the CONSULTANT, shall have the right to
      review all contracts, correspondence, books, accounts, files, and records of
      CONSULTANT which pertain in any manner to performance of this Agreement and
      services rendered hereunder and the charges therefore.

    

    
      
         

      

      
        -11-

        
          

        

      

      
         

      

       

    

    
      	11.	
              Indemnification

            

    

    

    CONSULTANT
      shall defend, indemnify, and hold harmless COMPANY from and against all
      liabilities, claims, costs, fines, penalties and damages of any type (including
      attorneys’ fees) arising out of or in any way related to this Agreement,
      including, but not limited to, any such claims arising out of CONSULTANTS
      alleged breach of the provisions of Paragraph 5 (and subparagraphs (a) - (g)
      thereof) or CONSULTANT’S provision of services to COMPANY under this Agreement.
      This indemnification expressly includes, but is not limited to, any fines or
      penalties imposed by the Department of Labor, the Internal Revenue Service,
      or
      any other local, state or federal governmental agency.

    

    COMPANY
      shall, to the extent legally permissible, indemnify the CONSULTANT against
      all
      liabilities and expenses, including amounts paid in satisfaction of judgments,
      in compromise or as fines and penalties, and counsel fees, reasonably incurred
      by him in connection with the defense or disposition of any action, suit or
      other proceeding, whether civil or criminal, in which he may be involved or
      with
      which he may be threatened, while in office or thereafter, by reason of his
      being or having been a member of the Board of Advisors of the Company, except
      with respect to any matter as to which he shall have been adjudicated in any
      proceeding not to have acted in good faith in the reasonable belief that his
      action was in the best interests of the COMPANY.

    

    
      	12.	
              Assignment

            

    

    

    Neither
      party shall be entitled to assign this Agreement or any of its rights, duties
      or
      obligations hereunder, without the non-assigning party’s prior written consent.
      Notwithstanding the foregoing, solely in connection with a sale of all or
      substantially all of the COMPANY’s assets or equity securities, or in connection
      with a consolidation or merger of the COMPANY, the COMPANY shall have the right
      to assign this Agreement in its sole discretion, upon prior written notice
      to
      the CONSULTANT.

    

    
      	13.	
              Entire
                Agreement

            

    

    

    This
      Agreement contains the entire agreement of the parties relating to the subject
      matter hereof, and supersedes all prior agreements and understandings between
      the parties related to the subject matter.

    

    
      	14.	
              No
                Alteration, Change or Amendment Without Signed
                Writing

            

    

    

    This
      Agreement may not be altered, changed or amended except by a writing signed
      by
      each of the parties hereto.

    

    
      	15.	
              Waiver

            

    

    

    The
      waiver by either party of a breach of any provision of this Agreement by the
      breaching party shall not operate or be construed as a waiver of any subsequent
      similar or other breach by the non-breaching party.

    

    
      
         

      

      
        -12-

        
          

        

      

      
         

      

       

    

    
      	16.	
              Specific
                Performance/Injunctive
                Relief

            

    

    

    In
      the
      event of the actual or threatened breach by either party of any of the terms
      or
      paragraphs of this Agreement, including, without limitation, the obligation
      of
      the COMPANY to register the shares represented by the warrants, the
      non-breaching party shall have the right to seek specific performance and
      injunctive relief. The rights granted by this paragraph are in addition to
      all
      other remedies and rights available at law or in equity.

    

    
      	17.	
              Governing
                Law

            

    

    

    This
      Agreement shall be construed according to the laws of Georgia.

    

    
      	18.	
              Jurisdiction
                and Venue

            

    

    

    Any
      proceedings or actions commenced hereunder shall be brought in Atlanta, Georgia.
      

    

    
      	19.	
              Execution
                in Counterparts

            

    

    

    This
      Agreement may be executed in any number of counterparts, each of which, when
      executed, shall be deemed to be an original and all of which together shall
      constitute one and the same document.

    

    
      	20.	
              Acknowledgement
                of Opportunity to Review and Rules of
                Construction

            

    

    

    The
      parties acknowledge that they have had an opportunity to review each and every
      provision contained in this Agreement and to submit the same to legal counsel
      for review and comment. Based on the foregoing, the parties agree that any
      rule
      of construction that a contract be construed against the drafter will not be
      applied in the interpretation and construction of this Agreement.

    

    
      	21.	
              Severability

            

    

    

    The
      invalidity or unenforceability of any provisions of this Agreement, whether
      in
      whole or in part, shall not in any way affect the validity and/or enforceability
      of any other provision of this Agreement. Any invalid or unenforceable provision
      shall be deemed severable to the extent of any such invalidity or
      unenforceability.

    

    
      	
              22.

            	
              Third
                Party Beneficiaries:
                There are no third party beneficiaries of this Agreement and no party
                other than COMPANY and CONSULTANT shall have any legal rights
                hereunder.

            

    

    

      Limitation
        of Liability.
        IN
        NO EVENT WILL EITHER PARTY BE LIABLE TO THE OTHER PARTY FOR ANY INDIRECT,
        SPECIAL, INCIDENTAL, EXEMPLARY, MULTIPLE, PUNITIVE OR CONSEQUENTIAL DAMAGES
        OF
        ANY KIND, WHETHER BASED ON CONTRACT, TORT (INCLUDING NEGLIGENCE), WARRANTY,
        GUARANTEE, PRODUCT LIABILITY OR STRICT LIABILITY OR ANY OTHER LEGAL OR EQUITABLE
        GROUNDS, EVEN IF SUCH PARTY HAS BEEN ADVISED IN ADVANCE OF THE POSSIBILITY
        OF
        SUCH DAMAGES IN NO EVENT WILL EITHER PARTY BE LIABLETO THE OTHER PARTY FOR
        ANY
        REPRESENTATION OR WARRANTY MADE TO ANY THIRD PARTY BY SUCH
        PARTY.

    

     

    
      
         

      

      
        -13-

        
          

        

      

      
         

      

       

    

    
      	
              24.

            	
              Notice.
                All notices, requests, demands and other communications required
                hereunder
                shall be in writing and shall be deemed to have been duly given if
                delivered or if mailed, by United States certified or registered
                mail,
                prepaid to the party to which the same is directed at the following
                addresses (or at such other addresses as shall be given in writing
                by the
                parties to one another).

            

    

    

    
      	If
              to the Company:	
              SmartVideo
                Technologies, Inc.

            

    

    3505
      Koger Boulevard, Suite 400

    Duluth,
      Georgia 30096

    Attn:
      President

    w/
      an
      additional copy to the attention of the General Counsel

    

    
      	If
              to the Consultant:	
              James
                Morrison

            

    

    2205
      Crestline Falls Place

    Las
      Vegas, Nevada 89134

    

    
      
         

      

      
        -14-

        
          

        

      

      
         

      

    

    

    IN
      WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed
      by
      their duly authorized representatives.

     

     

    
      	 	
              SMARTVIDEOTM TECHNOLOGIES,
                INC.

              (COMPANY)

              

              

              By:
                /s/
                David R. Ross 

              Signature:
                David R. Ross

              Title:
                President and Interim CEO

              Date:
                July 24, 2006

              

              

              JAMES
                MORRISON

              (CONSULTANT)

              

              By:
                /s/James
                Morrison

              Signature:
                James Morrison

              Title:
                _________________

              Date:
                July 24, 2006

            

    

     

    
      
         

      

      
        -15-Exhibit
        10.24

      
        	 	
                 

              
	
                Skyward
                  Mobile, LLC,

              	
                Warrants
                  Issued: 50,000

              
	
                Attn:
                  Jeremy DeBonet, Manager

              	
                Warrant
                  Exercise Price: $1.40

              
	
                Expiration
                  Date: July 24, 2011

              	 

      

    

    
 

    NEITHER
      THIS WARRANT NOR THE SHARES ISSUABLE UPON EXERCISE HEREOF HAVE BEEN REGISTERED
      UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT") OR ANY
      OTHER
      APPLICABLE SECURITIES LAWS IN RELIANCE UPON AN EXEMPTION FROM THE REGISTRATION
      REQUIREMENTS OF THE SECURITIES ACT AND SUCH OTHER SECURITIES LAWS. NEITHER
      THIS
      WARRANT NOR THE SHARES ISSUABLE UPON EXERCISE HEREOF MAY BE SOLD, PLEDGED,
      TRANSFERRED, ENCUMBERED OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO AN EFFECTIVE
      REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR IN A TRANSACTION WHICH IS
      EXEMPT FROM REGISTRATION UNDER THE PROVISIONS OF THE SECURITIES ACT.

    

    THE
      SECURITIES REPRESENTED BY THIS WARRANT ARE SUBJECT TO A MASTER CONSULTING
      AGREEMENT DATED JULY 24, 2006 (THE “CONSULTING AGREEMENT”). 

    

    

    REDEEMABLE
      WARRANT

    

    

    To
      Purchase 50,000
      Shares
      of the Common Stock 

    of

    SMARTVIDEO
      TECHNOLOGIES, INC.

    

    THIS
      CERTIFIES that, for value received, Skyward
      Mobile, LLC,
      Attn:
Jeremy DeBonet,
      Manager
      (the
      "Holder"), is entitled, upon the terms and subject to the conditions hereinafter
      set forth, at any time on or after the date hereof (the "Exercise Date") and
      on
      or prior to the close of business on the date which is five years after the
      date
      hereof (the "Termination Date"), to subscribe for and purchase from SmartVideo
      Technologies, Inc. (the "Company"), up to 50,000
      (Fifty
      Thousand)
      shares
      (the "Warrant Shares") of common stock, par value $.001 per share (the "Common
      Stock") of the Company. The purchase price of one share of Common Stock (the
      "Exercise Price") under this Warrant shall be $1.40.
      The
      Exercise Price and the number of shares for which the Warrant is exercisable
      shall be subject to adjustment as provided herein. 

    

    
      	1.	
              Title
                to Warrant.
                Prior to the Termination Date and subject to compliance with applicable
                laws and the terms of this Warrant, this Warrant and all rights hereunder
                are transferable, in whole or in part, at the office or agency of
                the
                Company by the holder hereof in person or by duly authorized attorney,
                upon surrender of this Warrant together with the Assignment Form
                annexed
                hereto properly endorsed.

            

    

    

    
      	2.	
              Authorization
                of Shares.
                The Company covenants that all shares of Common Stock which may be
                issued
                upon the exercise of rights represented by this Warrant will, upon
                exercise of the rights represented by this Warrant, be duly authorized,
                validly issued, fully paid and nonassessable and free from all taxes,
                liens and charges in respect of the issue thereof (other than taxes
                in
                respect of any transfer occurring contemporaneously with such
                issue).

            

    

    

    
      	3.	
              Exercise
                of Warrant.
                

            

    

    

    (a) Except
      as
      provided in Section 4 herein, exercise of the purchase rights represented by
      this Warrant may be made at any time or times on or after the Exercise Date
      and
      before the close of business on the Termination Date by the surrender of this
      Warrant and the Notice of Exercise Form annexed hereto duly executed, at the
      office of the Company (or such other office or agency of the Company as it
      may
      designate by notice in writing to the registered holder hereof at the address
      of
      such holder appearing on the books of the Company) and, except as set forth
      in
      subsection (b) hereof, upon payment of the Exercise Price of the shares thereby
      purchased by wire transfer or cashier’s check drawn on a United States bank, the
      holder shall be entitled to receive a certificate for the number of

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    shares
      of
      Common Stock so purchased. Certificates for shares purchased hereunder shall
      be
      delivered to the holder hereof within twenty (20) business days after the date
      on which this Warrant shall have been exercised as aforesaid. This Warrant
      shall
      be deemed to have been exercised and such certificate or certificates shall
      be
      deemed to have been issued, and the Holder or any other person so designated
      to
      be named therein shall be deemed to have become a holder of record of such
      shares for all purposes, as of the date the Holder faxes a Notice of Exercise
      to
      the Company, provided that such fax notice is followed by delivery of the
      original notice and payment to the Company of the Exercise Price and all taxes
      required to be paid by the Holder, if any, pursuant to Section 6 prior to the
      issuance of such shares, have been paid within three (3) business days of such
      fax notice. If this Warrant shall have been exercised in part, the Company
      shall, at the time of delivery of the certificate or certificates representing
      Warrant Shares, deliver to the Holder a new Warrant evidencing the rights of
      Holder to purchase the unpurchased shares of Common Stock called for by this
      Warrant, which new Warrant shall in all other respects be identical with this
      Warrant. 

    

    (b) Cashless
      Exercise. 
      Notwithstanding the foregoing, the Holder may, at its option, elect to exercise
      this Warrant, in whole or in part and at any time or from time to time, on
      a
      cashless basis, by surrendering this Warrant, with the purchase form appended
      hereto as Exhibit I duly executed by or on behalf of the Holder, at the
      principal office of the Company, or at such other office or agency as the
      Company may designate, by canceling a portion of this Warrant in payment of
      the
      Exercise Price payable in respect of the number of Warrant Shares purchased
      upon
      such exercise.  In the event of an exercise pursuant to this subsection
      1(b), the number of Warrant Shares issued to the Holder shall be determined
      according to the following formula:  

    

    

    X
      =
Y(A-B)

    A

    

    Where: 
      X =
               
the number of Warrant Shares that shall be issued to the Holder; 

    

    Y
      =                
the number of Warrant Shares for which this Warrant is being exercised (which
      shall include both the number of

                          
      Warrant Shares issued to the Holder and the number of Warrant Shares subject
      to
      the portion of the Warrant being

                          
      cancelled in payment of the Exercise Price); 

    

    A
      =                
the Fair Market Value of one share of Common Stock; and

    

    B
      =                 
the Exercise Price then in effect.

    

    The
      Fair
      Market Value per share of Common Stock shall be determined as
      follows:

    

    If
      the
      Common Stock is listed on a national securities exchange, the OTC Bulletin
      Board
      or another nationally recognized trading system as of the Exercise Date, the
      Fair Market Value per share of Common Stock shall be deemed to be the average
      of
      the high and low reported sale prices per share of Common Stock thereon on
      the
      trading day immediately preceding the Exercise Date.

    

    
      	4.	
              Redemption
                of Warrants.
                

            

    

    

    
      	
            	(a)	
              Procedures.
                Commencing at the close of business on the Company may, subject to
                the
                conditions set forth herein, redeem all, but not less than all, of
                this
                Warrant at a redemption price of $.10 for each Warrant Share the
                Holder is
                entitled to purchase hereunder upon not less than thirty (30) days
                prior
                written notice (the “Redemption Notice”) to the Holder, provided that the
                average closing price of the Common Stock for the twenty (20) consecutive
                trading days ending three (3) days prior to the date of the Redemption
                Notice is at least $5.00, subject to adjustment for stock dividends,
                stock
                splits and other anti-dilution provisions as provided for in Section
                12
                

            

    

    
      	 	 	 

    

     

    
      
         

      

      
        -2-

        
          

        

      

      
         

      

    

     

    
      	 	 	
              of
                this Warrant. For purposes of this Section 4, “closing price” at any date
                shall be deemed to be: (i) the last sale price regular way as reported
                on
                the principal national securities exchange on which the Common Stock
                is
                listed or admitted to trading, or (ii) if the Common Stock is not
                listed
                or admitted to trading on any national securities exchange, the average
                of
                the closing bid and asked prices regular way for the Common Stock
                as
                reported by the Nasdaq National Market or Nasdaq SmallCap Market
                of the
                Nasdaq Stock Market, Inc. (“Nasdaq”) or (iii) if the Common Stock is not
                listed or admitted for trading on any national securities exchange,
                and is
                not reported by Nasdaq, the average of the closing bid and asked
                prices,
                as reported on the OTC Bulletin Board or if no such quotation is
                available, then the closing bid and asked prices in the over-the-counter
                market as furnished by the National Quotation Bureau, Inc., or if
                no such
                quotation is available, the fair market value of the Common Stock
                as
                determined in good faith by the Board of Directors of the Company.
                The
                Redemption Notice shall be deemed effective upon mailing and the
                time of
                mailing is the “Effective Date of the Notice.” The Redemption Notice shall
                state the redemption date not less than thirty (30) days from the
                Effective Date of the Notice (the “Redemption Date”). No Redemption Notice
                shall be mailed unless all funds necessary to pay for redemption
                of this
                Warrant shall have first been set aside by the Company so as to be
                and
                continue to be available therefor. The redemption price to be paid
                to the
                Holder will be $.10 for each Warrant Share to which the Holder would
                then
                be entitled upon exercise of this Warrant being redeemed, as adjusted
                from
                time to time as provided herein (the “Redemption Price”). In the event the
                number of shares of Common Stock issuable upon exercise of this Warrant
                being redeemed are adjusted pursuant to Section 12 hereof, then upon each
                such adjustment the Redemption Price will be adjusted by multiplying
                the
                Redemption Price in effect immediately prior to such adjustment by
                a
                fraction, the numerator of which is the number of shares of Common
                Stock
                issuable upon exercise of this Warrant being redeemed immediately
                prior to
                such adjustment and the denominator of which is the number of shares
                of
                Common Stock issuable upon exercise of this Warrant being redeemed
                immediately after such adjustment. The Holder may exercise this Warrant
                between the Effective Date of the Notice and the Redemption Date,
                such
                exercise being effective if done in accordance with Section 3 hereof,
                and
                if this Warrant, with the form of election to purchase duly executed,
                and
                the Exercise Price are actually received by the Company at its office
                located at 3505 Koger Boulevard, Suite 400 Duluth, GA 30096, no later
                than
                5:00 PM Atlanta, Georgia time on the Redemption Date. Notwithstanding
                the
                foregoing, following the Holder’s receipt of the Redemption Notice, the
                Holder may exercise this Warrant, without regard for the redemption
                rights
                provided to the Company hereunder. To the extent that the Holder
                elects to
                exercise the Warrant following receipt of the Redemption Notice,
                the
                Company shall not have the right to then redeem the Warrant
                Shares.

            

    

    

    
      	
            	(b)	
              Return
                of Warrant.
                If
                Holder does not wish to exercise this Warrant, the Holder should
                mail this
                Warrant to the Company at its office located at 3505 Koger Boulevard,
                Suite 400 Duluth, GA 30096 after receiving the Redemption Notice
                required
                by this Section. If the Redemption Notice shall have been so mailed,
                and
                if on or before the Effective Date of the Notice all funds necessary
                to
                pay for redemption of this Warrant shall have been set aside by the
                Company for the benefit of the Holder so as to be and continue to
                be
                available therefor, then, on and after such Redemption Date,
                notwithstanding that this Warrant subject to redemption shall not
                have
                been surrendered for redemption, the obligation evidenced by this
                Warrant
                not so surrendered for redemption or effectively exercised shall
                be deemed
                no longer outstanding, and all rights with respect hereto shall forthwith
                cease and terminate, except only the right of the Holder to receive
                the
                Redemption Price for each share of Common Stock to which the Holder
                would
                be entitled if the Holder exercised this Warrant upon receiving the
                Redemption Notice of this Warrant. 

            

    

    

    
      	5.	
              No
                Fractional Shares or Scrip.
                No fractional shares or scrip representing fractional shares shall
                be
                issued upon the exercise of this Warrant. As to any fraction of a
                share
                which Holder would otherwise be entitled to purchase upon such exercise,
                the Company shall pay a cash adjustment in respect of such final
                fraction
                in an amount equal to the Exercise
                Price.

            

    

     

    
      
         

      

      
        -3-

        
          

        

      

      
         

      

    

    
 

    
      	6.	
              Charges,
                Taxes and Expenses.
                Issuance of certificates for shares of Common Stock upon the exercise
                of
                this Warrant shall be made without charge to the holder hereof for
                any
                issue or Federal or State transfer tax or other incidental expense
                in
                respect of the issuance of such certificate, all of which taxes and
                expenses shall be paid by the Company, and such certificates shall
                be
                issued in the name of the holder of this Warrant or in such name
                or names
                as may be directed by the holder of this Warrant; provided, however,
                that
                in the event certificates for shares of Common Stock are to be issued
                in a
                name other than the name of the holder of this Warrant, this Warrant
                when
                surrendered for exercise shall be accompanied by the Assignment Form
                attached hereto duly executed by the holder hereof; and the Company
                may
                require, as a condition thereto, the payment of a sum sufficient
                to
                reimburse it for any transfer tax incidental
                thereto.

            

    

    

    
      	7.	
              Closing
                of Books.
                The Company will not close its stockholder books or records in any
                manner
                which prevents the timely exercise of this
                Warrant.

            

    

    

    
      	8.	
              Transfer,
                Division and Combination.
                

            

    

    

    
      	
            	(a)	
              the
                Holder (and its transferees and assigns), by acceptance of this Warrant,
                covenants and agrees that it is acquiring the Warrants evidenced
                hereby,
                and, upon exercise hereof, the Warrant Shares, for its own account
                as an
                investment and not with a view to the resale or distribution thereof.
                The
                Warrant Shares have not been registered under the Securities Act
                or any
                state securities laws and, prior to any such registration, no transfer
                of
                any Warrant Shares shall be permitted unless the Company has received
                notice of such transfer, at the address of its principal office set
                forth
                in the Exchange Agreement, in the form of assignment attached hereto,
                accompanied by an opinion of counsel reasonably satisfactory to the
                Company that an exemption from registration of such Warrants or Warrant
                Shares under the Securities Act is available for such transfer, except
                that no such opinion or notice shall be required after the registration
                for resale by the Holder of the Warrant Shares, as contemplated by
                the
                Consulting Agreement. Upon any exercise of the Warrants, certificates
                representing the Warrant Shares shall bear a restrictive legend
                substantially identical to that set forth on the face of this Warrant
                certificate. Any purported transfer of any Warrant or Warrant Shares
                not
                in compliance with the provisions of this section shall be null and
                void.

            

    

    

    
      	
            	(b)	
              This
                Warrant may be divided or combined with other Warrants upon presentation
                hereof at the aforesaid office of the Company, together with a written
                notice specifying the names and denominations in which new Warrants
                are to
                be issued, signed by Holder or its agent or attorney. Subject to
                compliance with Section 8(a), as to any transfer which may be involved
                in
                such division or combination, the Company shall execute and deliver
                a new
                Warrant or Warrants in exchange for the Warrant or Warrants to be
                divided
                or combined in accordance with such
                notice.

            

    

    

    
      	
            	(c)	
              The
                Company shall prepare, issue and deliver at its own expense (other
                than
                transfer taxes) the new Warrant or Warrants under this Section
                8.

            

    

    

    
      	
            	(d)	
              The
                Company agrees to maintain, at its aforesaid office or the office
                of its
                transfer or registration agent, books for the registration and the
                registration of transfer of the
                Warrants.

            

    

    

    
      	9.	
              No
                Rights as Stockholder until Exercise.
                This Warrant does not entitle the holder hereof to any voting rights
                or
                other rights as a shareholder of the Company prior to the exercise
                hereof.
                Upon the surrender of this Warrant and the payment of the aggregate
                Exercise Price, the Warrant Shares so purchased shall be and be deemed
                to
                be issued to such holder as the record owner of such shares as of
                the
                close of business on the later of the date of such surrender or payment.
                

            

    

    

    
      	10.	
              Loss,
                Theft, Destruction or Mutilation of Warrant.
                The Company covenants that upon receipt by the Company of evidence
                reasonably satisfactory to it of the loss, theft, destruction or
                mutilation of this Warrant certificate or any stock certificate relating
                to the Warrant Shares, and in case of loss, theft or destruction,
                of
                indemnity or security reasonably satisfactory to it (which shall
                not
                exceed that customarily charged by the Company’s transfer agent), and upon
                surrender and cancellation of such Warrant or stock certificate,
                if
                mutilated, the Company will make and deliver a new Warrant or stock
                certificate of like tenor and dated as of such cancellation, in lieu
                of
                such Warrant or stock certificate.

            

    

     

    
      
         

      

      
        -4-

        
          

        

      

      
         

      

    

    
 

    
      	11.	
              Saturdays,
                Sundays, Holidays, etc.
                If the last or appointed day for the taking of any action or the
                expiration of any right required or granted herein shall be a Saturday,
                Sunday or a legal holiday, then such action may be taken or such
                right may
                be exercised on the next succeeding day not a Saturday, Sunday or
                legal
                holiday.

            

    

    

    
      	12.	
              Adjustments
                of Exercise Price and Number of Warrant Shares.
                

            

    

    

    
      	
            	(a)	
              Stock
                Splits, etc.
                The number and kind of securities purchasable upon the exercise of
                this
                Warrant and the Exercise Price shall be subject to adjustment from
                time to
                time upon the happening of any of the following. In case the Company
                shall
                (i) pay a dividend in shares of Common Stock or make a distribution
                in
                shares of Common Stock to holders of its outstanding Common Stock,
                (ii)
                subdivide its outstanding shares of Common Stock into a greater number
                of
                shares of Common Stock, (iii) combine its outstanding shares of Common
                Stock into a smaller number of shares of Common Stock or (iv) issue
                any
                shares of its capital stock in a reclassification of the Common Stock,
                then the number of Warrant Shares purchasable upon exercise of this
                Warrant immediately prior thereto shall be adjusted so that the holder
                of
                this Warrant shall be entitled to receive the kind and number of
                Warrant
                Shares or other securities of the Company which he would have been
                entitled to receive had such Warrant been exercised in advance thereof.
                Upon each such adjustment of the kind and number of Warrant Shares
                or
                other securities of the Company which are purchasable hereunder,
                the
                holder of this Warrant shall thereafter be entitled to purchase the
                number
                of Warrant Shares or other securities resulting from such adjustment
                at an
                Exercise Price per Warrant Share or other security obtained by multiplying
                the Exercise Price in effect immediately prior to such adjustment
                by the
                number of Warrant Shares purchasable pursuant hereto immediately
                prior to
                such adjustment and dividing by the number of Warrant Shares or other
                securities of the Company resulting from such adjustment. An adjustment
                made pursuant to this paragraph shall become effective immediately
                after
                the effective date of such event retroactive to the record date,
                if any,
                for such event.

            

    

    

    
      	
            	(b)	
              Reorganization,
                Reclassification, Merger, Consolidation or Disposition of
                Assets.
                In case the Company shall reorganize its capital, reclassify its
                capital
                stock (other than a change in nominal value to no nominal value,
                or from
                no nominal value to nominal value, or as a result of a subdivision,
                combination or other event described in paragraph (a) of this Section),
                consolidate or merge with or into another corporation (where the
                Company
                is not the surviving corporation or where there is a change in or
                distribution with respect to the Common Stock of the Company), or
                sell,
                transfer or otherwise dispose of all or substantially all its property,
                assets or business to another corporation and, pursuant to the terms
                of
                such reorganization, reclassification, merger, consolidation or
                disposition of assets, shares of common stock of the successor or
                acquiring corporation, or any cash, shares of stock or other securities
                or
                property of any nature whatsoever (including warrants or other
                subscription or purchase rights) in addition to or in lieu of common
                stock
                of the successor or acquiring corporation ("Other Property"), are
                to be
                received by or distributed to the holders of Common Stock of the
                Company,
                then Holder shall have the right thereafter to receive, 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 Other Property 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. In case of
                any
                such reorganization, reclassification, merger, consolidation or
                disposition of assets, the successor or acquiring corporation (if
                other
                than the Company) shall expressly assume the due and punctual observance
                and performance of each and every covenant and condition of this
                Warrant
                to be

            

    

    
      	 	 	 

    

     

    
      
         

      

      
        -5-

        
          

        

      

      
         

      

    

     

    
      	 	 	
              performed
                and observed by the Company and all the obligations and liabilities
                hereunder, subject to such modifications as may be deemed appropriate
                (as
                determined in good faith by resolution of the Board of Directors
                of the
                Company) in order to provide for adjustments of shares of Common
                Stock for
                which this Warrant is exercisable which shall be as nearly equivalent
                as
                practicable to the adjustments provided for in this Section 12. For
                purposes of this Section 12, "common stock of the successor or acquiring
                corporation" shall include stock of such corporation of any class
                which is
                not preferred as to dividends or assets over any other class of stock
                of
                such corporation and which is not subject to redemption and shall
                also
                include any evidences of indebtedness, shares of stock or other securities
                which are convertible into or exchangeable for any such stock, either
                immediately or upon the arrival of a specified date or the happening
                of a
                specified event and any warrants or other rights to subscribe for
                or
                purchase any such stock. The foregoing provisions of this Section
                12 shall
                similarly apply to successive reorganizations, reclassifications,
                mergers,
                consolidations or disposition of
                assets.

            

    

    

    
      	13.	
              Voluntary
                Adjustment by the Company.
                The Company may at any time during the term of this Warrant, reduce
                the
                then current Exercise Price to any amount and for any period of time
                deemed appropriate by the Board of Directors of the
                Company.

            

    

    

    
      	14.	
              Notice
                of Adjustment.
                Whenever the number of Warrant Shares or number or kind of securities
                or
                other property purchasable upon the exercise of this Warrant or the
                Exercise Price is adjusted, as herein provided, the Company shall
                promptly
                mail by registered or certified mail, return receipt requested, to
                the
                holder of this Warrant notice of such adjustment or adjustments setting
                forth the number of Warrant Shares (and other securities or property)
                purchasable upon the exercise of this Warrant and the Exercise Price
                of
                such Warrant Shares (and other securities or property) after such
                adjustment, setting forth a brief statement of the facts requiring
                such
                adjustment and setting forth the computation by which such adjustment
                was
                made. Such notice, in the absence of manifest error, shall be conclusive
                evidence of the correctness of such
                adjustment.

            

    

    

    
      	15.	
              Notice
                of Corporate Action.
                If at any time:

            

    

    

    
      	
            	(a)	
              the
                Company shall take a record of the holders of its Common Stock for
                the
                purpose of entitling them to receive a dividend or other distribution,
                or
                any right to subscribe for or purchase any evidences of its indebtedness,
                any shares of stock of any class or any other securities or property,
                or
                to receive any other right, or

            

    

    

    
      	
            	(b)	
              there
                shall be any capital reorganization of the Company, any reclassification
                or recapitalization of the capital stock of the Company or any
                consolidation with or merger of the Company into, or any sale, transfer
                or
                other disposition of all or substantially all the property, assets
                or
                business of the Company to, another corporation
                or,

            

    

    

    
      	
            	(c)	
              there
                shall be a voluntary or involuntary dissolution, liquidation or winding
                up
                of the Company;

            

    

    

    then,
      in
      any one or more of such cases, the Company shall give to Holder (i) at least
      10
      days’ prior written notice of any record date for such dividend, distribution or
      right or for determining rights to vote in respect of any such reorganization,
      reclassification, merger, consolidation, sale, transfer, disposition,
      liquidation or winding up, and (ii) in the case of any such reorganization,
      reclassification, merger, consolidation, sale, transfer, disposition,
      dissolution, liquidation or winding up, at least 10 days’ prior written notice
      of the date when the same shall take place. Such notice in accordance with
      the
      foregoing clause also shall specify (i) the date on which any such record is
      to
      be taken for the purpose of such dividend, distribution or right, the date
      on
      which the holders of Common Stock shall be entitled to any such dividend,
      distribution or right, and the amount and character thereof, and (ii) the date
      on which any such reorganization, reclassification, merger, consolidation,
      sale,
      transfer, disposition, dissolution, liquidation or winding up is to take place
      and the time, if any such time is to be fixed, as of which the holders of Common
      Stock shall be entitled to exchange their shares of Common Stock for securities
      or other property deliverable upon such disposition, dissolution, liquidation
      or
      winding up. Each such written notice shall be sufficiently given if addressed
      to
      Holder at the last address of Holder appearing on the books of the Company
      and
      delivered in accordance with Section 17(d).

     

    
      
         

      

      
        -6-

        
          

        

      

      
         

      

    

    
 

    
      	16.	
              Authorized
                Shares.
                The Company covenants that during the period the Warrant is outstanding,
                it will reserve from its authorized and unissued Common Stock a sufficient
                number of shares to provide for the issuance of the Warrant Shares
                upon
                the exercise of any purchase rights under this Warrant. The Company
                further covenants that its issuance of this Warrant shall constitute
                full
                authority to its officers who are charged with the duty of executing
                stock
                certificates to execute and issue the necessary certificates for
                the
                Warrant Shares upon the exercise of the purchase rights under this
                Warrant. The Company will take all such reasonable action as may
                be
                necessary to assure that such Warrant Shares may be issued as provided
                herein without violation of any applicable law or regulation, or
                of any
                requirements of the Principal Market upon which the Common Stock
                may be
                listed. 

            

    

    

    The
      Company shall not by any action, including, without limitation, amending its
      certificate of incorporation or through any reorganization, transfer of assets,
      consolidation, merger, dissolution, issue or sale of securities or any other
      voluntary action, avoid or seek to avoid the observance or performance of any
      of
      the terms of this Warrant, but will at all times in good faith assist in the
      carrying out of all such terms and in the taking of all such actions as may
      be
      necessary or appropriate to protect the rights of Holder against impairment.
      Without limiting the generality of the foregoing, the Company will (a) not
      increase the par value of any shares of Common Stock receivable upon the
      exercise of this Warrant above the amount payable therefor upon such exercise
      immediately prior to such increase in par value, (b) take all such action as
      may
      be necessary or appropriate in order that the Company may validly and legally
      issue fully paid and nonassessable shares of Common Stock upon the exercise
      of
      this Warrant, and (c) use its best efforts to obtain all such authorizations,
      exemptions or consents from any public regulatory body having jurisdiction
      thereof as may be necessary to enable the Company to perform its obligations
      under this Warrant.

    

    Before
      taking any action which would result in an adjustment in the number of shares
      of
      Common Stock for which this Warrant is exercisable or in the Exercise Price,
      the
      Company shall obtain all such authorizations or exemptions thereof, or consents
      thereto, as may be necessary from any public regulatory body or bodies having
      jurisdiction thereof.

    

    
      	17.	
              Miscellaneous.

            

    

    

    
      	
            	(a)	
              Jurisdiction.
                This Warrant shall be binding upon any successors or assigns of the
                Company. This Warrant shall constitute a contract under the laws
                of
                Delaware without regard to its conflict of law, principles or rules,
                and
                be subject to arbitration pursuant to the terms set forth in the
                Exchange
                Agreement.

            

    

    

    
      	
            	(b)	
              Restrictions.
                The holder hereof acknowledges that the Warrant Shares acquired upon
                the
                exercise of this Warrant, if not registered, will have restrictions
                upon
                resale imposed by state and federal securities
                laws.

            

    

    

    
      	
            	(c)	
              Nonwaiver
                and Expenses.
                No course of dealing or any delay or failure to exercise any right
                hereunder on the part of the Holder shall operate as a waiver of
                such
                right or otherwise prejudice Holder’s rights, powers or remedies, except
                that all rights hereunder terminate on the Termination Date. If the
                Company fails to comply with any provision of this Warrant, the Company
                shall pay to the Holder such amounts as shall be sufficient to cover
                any
                costs and expenses including, but not limited to, reasonable attorneys’
                fees, including those of appellate proceedings, incurred by the Holder
                in
                collecting any amounts due pursuant hereto or in otherwise enforcing
                any
                of its rights, powers or remedies
                hereunder.

            

    

     

    
      
         

      

      
        -7-

        
          

        

      

      
         

      

    

    
 

    
      	
            	(d)	
              Notices.
                Any notice, request or other document required or permitted to be
                given or
                delivered to the holder hereof by the Company shall be delivered
                in
                accordance with the notice provisions of the Exchange
                Agreement.

            

    

    

    
      	
            	(e)	
              Limitation
                of Liability.
                No provision hereof, in the absence of affirmative action by Holder
                to
                purchase shares of Common Stock, and no enumeration herein of the
                rights
                or privileges of Holder hereof, shall give rise to any liability
                of the
                Holder for the purchase price of any Common Stock or as a stockholder
                of
                the Company, whether such liability is asserted by the Company or
                by
                creditors of the Company.

            

    

    

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

            

    

    

    
      	
            	(g)	
              Successors
                and Assigns.
                Subject to applicable securities laws, this Warrant and the rights
                and
                obligations evidenced hereby shall inure to the benefit of and be
                binding
                upon the successors of the Company and the successors and permitted
                assigns of the Holder. The provisions of this Warrant are intended
                to be
                for the benefit of all Holders from time to time of this Warrant
                and shall
                be enforceable by any such Holder or holder of Warrant
                Shares.

            

    

    

    
      	
            	(h)	
              Amendment.
                This Warrant may be modified or amended or the provisions hereof
                waived
                only with the written consent of the Company and the
                Holder.

            

    

    

    
      	
            	(i)	
              Severability.
                Wherever possible, each provision of this Warrant shall be interpreted
                in
                such manner as to be effective and valid under applicable law, but
                if any
                provision of this Warrant shall be prohibited by or invalid under
                applicable law, such provision shall be ineffective to the extent
                of such
                prohibition or invalidity, without invalidating the remainder of
                such
                provisions or the remaining provisions of this
                Warrant.

            

    

    

    
      
        
          	
                	(j)	
                  Headings.
                    The headings used in this Warrant are for the convenience of
                    reference
                    only and shall not, for any purpose, be deemed a part of this
                    Warrant.

                

        

      

    

    

    

    

    

    

    [Signature
      Page Follows]

     

    
      
         

      

      
        -8-

        
          

        

      

      
         

      

    

    

    

    

    IN
      WITNESS WHEREOF, the Company has caused this Warrant to be executed by its
      officer thereunto duly authorized.

    

    

    

    Dated:
      July
      24,
      2006

    

    SMARTVIDEO
      TECHNOLOGIES, INC.

    

    

    

    By: /s/
      Ronald A. Warren

           Name:
      Ronald A. Warren

          
Title:
      Secretary of the Corporation 

    

    

    

    

    

    

    

    

    

    Corporate
      Seal 

    

    

    
      
         

      

      
        -9-

        
          

        

      

      
         

      

    

    

    NOTICE
      OF EXERCISE

    

    To: SmartVideo
      Technologies, Inc.

    

    
      	1.	
              The
                undersigned hereby elects to purchase ________ shares of Common Stock
                (the
                "Common Stock"), of SmartVideo Technologies, Inc. pursuant
                to the terms of the attached Warrant, and tenders herewith payment
                of the
                exercise price in full, together with all applicable transfer taxes,
                if
                any.

            

    

    

    
      	2.	
              Please
                issue a certificate or certificates representing said shares of Common
                Stock in the name of the undersigned or in such other name as is
                specified
                below:

            

    

    

    

    Skyward
      Mobile, LLC

    Attn:
      Jeremy DeBonet,
      Manager

    130
      New
      Boston Street

                                                   
      Woburn,
      MA 01801

     

    

    

    

    Dated: ___________,
      ____  

    

    

    

    Authorized
      Holder's Signature: ____________________________________________

    

    

    Holder's
      Name: Skyward
      Mobile, LLC 

     

    Holder's
      Address: Attn:
      Jeremy DeBonet,
      Manager

                                                                                    
      130
      New Boston Street

                                                                                     Woburn,
      MA 01801

    

    Social
      Security, Employer or Other Tax Identification

    Number
      of
      Holder: 

    

    

    

    NOTE:
      The
      signature to this Assignment Form must correspond with the name as it appears
      on
      the face of the Warrant, without alteration or enlargement or any change
      whatsoever, and must be guaranteed by a bank or trust company. Officers of
      corporations and those acting in an fiduciary or other representative capacity
      should file proper evidence of authority to assign the foregoing
      Warrant.

    

     

     

    
      
         

      

      
        -10-

        
          

        

      

      
         

      

    

    
 

    ASSIGNMENT
      FORM

    

    

    

    (To
      assign the foregoing warrant, execute

    this
      form
      and supply required information. 

    Do
      not
      use this form to exercise the warrant.)

    

    

    

    FOR
      VALUE
      RECEIVED, the foregoing Warrant and all rights evidenced thereby are hereby
      

    

    assigned
      to
      _____________________________________________________________________________

    

    whose
      address is
      ________________________________________________________________________.

    

     

    

    Dated:
      ___________,
      ____ 

    

    

    Authorized
      Holder's Signature: _________________________________________

    

    Holder's
      Name: Skyward
      Mobile, LLC    

    

    Holder's
      Address: Attn:
      Jeremy DeBonet,
      Manager

                                                                                               
      130
      New Boston Street

                                                                                               
      Woburn,
      MA 01801

    

    Social
      Security, Employer or 

    Other
      Tax
      Identification Number of Holder: 

    

    

    

    

    

    Signature
      Guaranteed: ______________________________________________

    

    

    

    NOTE:
      The
      signature to this Assignment Form must correspond with the name as it appears
      on
      the face of the Warrant, without alteration or enlargement or any change
      whatsoever, and must be guaranteed by a bank or trust company. Officers of
      corporations and those acting in an fiduciary or other representative capacity
      should file proper evidence of authority to assign the foregoing
      Warrant.

    

    

    
      
         

      

      
        -11-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00110-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00110-of-00352.parquet"}]]