Document:

Name:
      ________________      

    Offeree
      No. _________

    
 

    

    

    

    SUBSCRIPTION
      AGREEMENT

    FOR
      SUBSCRIBERS

    OF
      UNITS 

    OF

    

    

    

    

    

    IPTIMIZE,
      INC.

    

    

    

    

    

    

    

    

    

    

    November
      2005

    

    

    

    NEITHER
      THE SECURITIES AND EXCHANGE COMMISSION NOR ANY OTHER REGULATORY BODY HAS
      APPROVED OR DISAPPROVED OF THE SECURITIES OR PASSED UPON THE ACCURACY OR
      ADEQUACY OF THIS SUBSCRIPTION PACKAGE. ANY REPRESENTATION TO THE CONTRARY IS
      A
      CRIMINAL OFFENSE.

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    INSTRUCTIONS:

     

    
      	
            	I.	
              Items
                to be delivered by all Subscribers:

            

    

    

    
      	
            	a.	
              One
                (1) completed and executed Subscription
                Agreement.

            

    

    

    
      	
            	b.	
              Payment
                in the amount of subscription, by wire
                transfer of funds or check.
                All checks should be made payable to “IPtimize,
                Inc.”

            

    

     

    FOR
      WIRE
      INSTRUCTIONS CONTACT:

    

    Account:      
      IPtimize,
      Inc.

    Account
      #:   4128005867

    Routing
      #: 102003154

    Amount: state
      amount to be invested

    Vectra
      Bank - Southwest Branch

    1380
      S.
      Federal Blvd.

    Denver,
      Colorado 80219

    Bank
      Telephone:
      (720)
      947-7100

    IPtimize
      Telephone: (303) 268-3628

     

    ALL
      DOCUMENTS SHOULD BE RETURNED BY MAIL TO:

    

    IPtimize
      - Nevada

    3888
      W.
      Sahara Ave., #130

    Las
      Vegas, NV 89102

    Phone:
      702-966-2929

    Fax:     
      702-220-5371

    Attn:
      Robert Bondonno

         
      VP - Business Development

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    THE
      SECURITIES OFFERED HEREBY MAY ONLY BE OFFERED OR SOLD TO “ACCREDITED INVESTORS”
WHO MEET THE SUITABILITY STANDARDS FOR INVESTMENT AS EXPRESSED IN THIS
      SUBSCRIPTION AGREEMENT AND THE QUALIFIED PURCHASER
      QUESTIONNAIRE.

     

    
      
        

      

    

     

    AN
      INVESTMENT MADE IN THE SECURITIES OFFERED HEREBY IS SPECULATIVE AND SUITABLE
      ONLY FOR PERSONS WHO HAVE SUBSTANTIAL FINANCIAL RESOURCES, WHO HAVE NO NEED
      FOR
      LIQUIDITY IN THIS INVESTMENT AND WHO UNDERSTAND OR HAVE BEEN ADVISED WITH
      RESPECT TO THE TAX CONSEQUENCES OF, AND RISK FACTORS ASSOCIATED WITH, THIS
      INVESTMENT AND WHO ARE ABLE TO BEAR THE SUBSTANTIAL ECONOMIC RISK OF THIS
      INVESTMENT FOR AN INDEFINITE PERIOD OF TIME AND WITHSTAND A TOTAL LOSS OF THEIR
      INVESTMENT. 

     

    
      
        

      
 

    THIS
      DOCUMENT DOES NOT CONSTITUTE AN OFFER OR SOLICITATION IN ANY STATE OR OTHER
      JURISDICTION IN WHICH SUCH AN OFFER OR SOLICITATION IS NOT
      AUTHORIZED.

    

    
      
 

    PROSPECTIVE
      INVESTORS ARE NOT TO CONSTRUE THE CONTENTS OF THIS SUBSCRIPTION AGREEMENT AS
      LEGAL OR TAX ADVICE. EACH PROSPECTIVE INVESTOR SHOULD CONSULT AND RELY UPON
      ITS
      OWN COUNSEL, ACCOUNTANT OR BUSINESS ADVISOR AS TO LEGAL, TAX, AND RELATED
      MATTERS CONCERNING ITS INVESTMENT. 

    
      

    

    

    NO
      PERSON HAS BEEN AUTHORIZED TO MAKE ANY REPRESENTATIONS OR FURNISH ANY
      INFORMATION WITH RESPECT TO OUR COMPANY OR THE SECURITIES OTHER THAN THE
      REPRESENTATIONS AND INFORMATION SET FORTH IN THIS SUBSCRIPTION AGREEMENT AND
      ANY
      OTHER DOCUMENTS OR OTHER INFORMATION FURNISHED BY US.

     

    
      
        

      

       

    

    WE
      WILL MAKE AVAILABLE, PRIOR TO THE CONSUMMATION OF THE OFFERING, TO EACH
      PROSPECTIVE INVESTOR, ITS PURCHASER REPRESENTATIVE(S), OR BOTH, THE OPPORTUNITY
      TO ASK QUESTIONS OF, AND RECEIVE ANSWERS FROM, US OR A PERSON ACTING ON OUR
      BEHALF CONCERNING THE TERMS AND CONDITIONS OF THIS OFFERING, OUR COMPANY OR
      ANY
      OTHER RELEVANT MATTERS, AND TO OBTAIN ANY ADDITIONAL INFORMATION, TO THE EXTENT
      THAT WE POSSESS SUCH INFORMATION OR CAN ACQUIRE IT WITHOUT UNREASONABLE EFFORT
      OR EXPENSE.

    

    
      
        

      

    

     

    THIS
      OFFER MAY BE WITHDRAWN AT ANY TIME BEFORE THE CLOSING DATE OF THIS OFFERING
      (AS
      DEFINED HEREIN) AND IS SPECIFICALLY MADE SUBJECT TO THE TERMS DESCRIBED IN
      THIS
      SUBSCRIPTION AGREEMENT. WE RESERVE THE RIGHT TO REJECT ANY SUBSCRIPTION IN
      WHOLE
      OR IN PART OR TO ALLOT TO ANY PROSPECTIVE INVESTOR LESS THAN THE NUMBER OF
      MEMBERSHIP INTERESTS SUBSCRIBED FOR BY SUCH INVESTOR.

     

    
      
 

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

       

    

    THIS
      SUBSCRIPTION AGREEMENT HAS BEEN PREPARED BY US SOLELY FOR THE BENEFIT OF
      INVESTORS INTERESTED IN THIS PROPOSED PRIVATE PLACEMENT OF COMMON STOCK AND
      WARRANTS. DISTRIBUTION OF THIS DOCUMENT TO ANY PERSON OTHER THAN SUCH OFFEREE
      AND THOSE PERSONS RETAINED TO ADVISE SUCH PERSONS WITH RESPECT THERETO IS
      UNAUTHORIZED, AND ANY REPRODUCTION OF THIS DOCUMENT, IN WHOLE OR IN PART, OR
      THE
      DIVULGENCE OF ANY OF ITS CONTENTS, WITHOUT OUR PRIOR WRITTEN CONSENT, IS
      PROHIBITED.

    

    
      
        

      

    EACH
      OFFEREE, BY ACCEPTING DELIVERY OF THIS DOCUMENT, AGREES TO RETURN IT AND ALL
      RELATED EXHIBITS AND OTHER DOCUMENTS TO US IF: (i) THE OFFERREE DOES NOT INTEND
      TO SUBSCRIBE FOR THE PURCHASE OF SECURITIES; (ii) THE OFFEREE’S SUBSCRIPTION IS
      NOT ACCEPTED; OR (iii) THE OFFERING IS TERMINATED.

    

    
      
        

      

    THE
      OFFERING IS BEING MADE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER
      THE
      SECURITIES ACT FOR AN OFFER AND SALE OF SECURITIES WHICH DOES NOT INVOLVE A
      PUBLIC OFFERING. EACH PURCHASER OF THE SECURITIES OFFERED HEREBY, IN MAKING
      ITS
      PURCHASE, WILL BE DEEMED TO HAVE MADE CERTAIN ACKNOWLEDGMENTS, REPRESENTATIONS,
      AND AGREEMENTS AS SET FORTH HEREIN. PURCHASERS SHOULD BE AWARE THAT THEY MAY
      BE
      REQUIRED TO BEAR THE FINANCIAL RISK OF THEIR INVESTMENT FOR AN INDEFINITE PERIOD
      OF TIME AND MAY LOSE THEIR TOTAL INVESTMENT. 

     

    
      
        

      

    

     

    THE
      INFORMATION CONTAINED HEREIN HAS BEEN PROVIDED BY US AND OTHER SOURCES
      IDENTIFIED HEREIN, BUT THERE CAN BE NO ASSURANCE AS TO THE ACCURACY OR
      COMPLETENESS OF SUCH INFORMATION. NO REPRESENTATION OR WARRANTY, EXPRESS OR
      IMPLIED, IS MADE BY US AS TO THE ACCURACY OR COMPLETENESS OF SUCH INFORMATION,
      AND NOTHING CONTAINED HEREIN IS OR SHOULD BE RELIED UPON AS A PROMISE OR
      REPRESENTATION BY US. WE MAKE NO REPRESENTATIONS AS TO OUR FUTURE PERFORMANCE,
      INCLUDING, BUT NOT LIMITED TO, ANY PROTECTIONS CONCERNING OUR FUTURE OPERATING
      RESULTS OR MARKET ACCEPTANCE OF OUR PRODUCTS AND/OR
      SERVICES.

    

    
      
        

      

    EACH
      PROSPECTIVE PURCHASER OF THE UNITS MUST COMPLY WITH ALL APPLICABLE LAWS AND
      REGULATIONS IN FORCE IN ANY JURISDICTION IN CONNECTION WITH THE SUBSEQUENT
      OFFER
      OR SALE OF ANY SECURITIES PURCHASED PURSUANT TO THIS SUBSCRIPTION AGREEMENT.
      IN
      MAKING AN INVESTMENT DECISION, PROSPECTIVE PURCHASERS MUST RELY ON THEIR OWN
      EXAMINATION OF US AND OUR PROSPECTS AND THE TERMS OF THIS OFFERING, INCLUDING
      THE MERITS OF THE INVESTMENT AND THE RISKS INVOLVED. 

     

    
      
 

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    

    THIS
      SUBSCRIPTION AGREEMENT CONTAINS SUMMARIES BELIEVED TO BE ACCURATE IN ALL
      MATERIAL RESPECTS AS TO THE TERMS OF CERTAIN DOCUMENTS DESCRIBED HEREIN, BUT
      REFERENCE IS HEREBY MADE TO THE ACTUAL DOCUMENTS (COPIES OF WHICH WILL BE MADE
      AVAILABLE TO PROSPECTIVE PURCHASERS UPON REQUEST TO US FOR COMPLETE INFORMATION
      WITH RESPECT THERETO) AND ALL SUCH SUMMARIES ARE QUALIFIED IN THEIR ENTIRETY
      BY
      SUCH REFERENCE.

     

    
      
        

      

    

     

    THIS
      SUBSCRIPTION AGREEMENT (TOGETHER WITH ANY AMENDMENTS OR SUPPLEMENTS AND ANY
      OTHER INFORMATION THAT MAY BE FURNISHED TO YOU BY US) INCLUDES OR MAY INCLUDE
      CERTAIN STATEMENTS, ESTIMATES AND FORWARD-LOOKING PROJECTIONS WITH RESPECT
      TO
      OUR ANTICIPATED FUTURE PERFORMANCE. SUCH STATEMENTS, ESTIMATES AND
      FORWARD-LOOKING PROJECTIONS REFLECT VARIOUS ASSUMPTIONS OF OUR MANAGEMENT THAT
      MAY OR MAY NOT PROVE TO BE CORRECT AND INVOLVE VARIOUS RISKS AND UNCERTAINTIES.
      

    

    
      
        

      

    THIS
      DOCUMENT DOES NOT PURPORT TO BE ALL-INCLUSIVE OR CONTAIN ALL INFORMATION THAT
      YOU MAY DESIRE IN INVESTIGATING US. YOU MUST RELY ON YOUR OWN EXAMINATION OF
      US
      AND THE TERMS OF THIS OFFERING, INCLUDING THE MERITS AND RISKS INVOLVED IN
      MAKING AN INVESTMENT DECISION WITH RESPECT TO THE SECURITIES OFFERED HEREBY.
      PRIOR TO MAKING AN INVESTMENT DECISION REGARDING THE UNITS, YOU SHOULD CONSULT
      YOUR OWN COUNSEL, ACCOUNTANTS AND OTHER ADVISORS AND CAREFULLY REVIEW AND
      CONSIDER YOUR INVESTMENT AND THIS SUBSCRIPTION AGREEMENT.

     

    NASAA
      Uniform Legend

    

    IN
      MAKING AN INVESTMENT DECISION INVESTORS MUST RELY ON THEIR OWN EXAMINATION
      OF US
      AND THE TERMS OF THE OFFERING, INCLUDING THE MERITS AND RISKS INVOLVED. THESE
      SECURITIES HAVE NOT BEEN RECOMMENDED BY ANY FEDERAL OR STATE SECURITIES
      COMMISSION OR REGULATORY AUTHORITY. FURTHERMORE, THE FOREGOING AUTHORITIES
      HAVE
      NOT CONFIRMED THE ACCURACY OR DETERMINED THE ADEQUACY OF THIS DOCUMENT, ANY
      REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENCE. THESE SECURITIES ARE
      SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY NOT BE TRANSFERRED
      OR RESOLVED EXCEPT AS PERMITTED UNDER THE SECURITIES ACT OF 1933, AS AMENDED,
      AND THE APPLICABLE STATE SECURITIES LAWS, PURSUANT TO REGISTRATION OR EXEMPTION
      THEREFROM. INVESTORS SHOULD BE AWARE THAT THEY WILL BE REQUIRED TO BEAR THE
      FINANCIAL RISKS OF THIS INVESTMENT FOR AN INDEFINITE PERIOD OF
      TIME.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    
 

    

    Private
      Placement of Common Stock

    

    ($1,500,000
      Unit Offering)

    

    SUBSCRIPTION
      AGREEMENT AND

    CONFIDENTIAL
      INVESTOR QUESTIONNAIRE

    

    THIS
      SUBSCRIPTION AGREEMENT is entered into as of this _______ day of
      ______________ 2005,
      between
IPtimize,
      Inc.,
      a
      Colorado corporation with its principal offices at 4949 S. Syracuse St., Suite
      450, Denver, Colorado 80237; phone: 303-268-3600 (the “Company”), and the
      undersigned (the “Subscriber”).

    

    IPtimize,
      Inc. (referred to herein as the “Company”, “we”, “our” or “us”) is offering to
      those persons who are “accredited investors” as defined under Rule 501 of
      Regulation D under the Securities Act of 1933, as amended (the “Securities Act”)
      and applicable state securities laws and who also satisfy the suitability
      criteria set forth under “Terms of the Offering,” 50 Units (the “Units”) at an
      offering price of $30,000 per Unit (the “Offering Price”), which equals $0.30
      per share purchased. Each Unit consists of 100,000 shares (the “Shares”) of the
      Company’s common stock, par value $0.01 per share (the “Common Stock”) and
      100,000 common stock purchase warrants (the “Warrants”) to purchase 100,000
      shares of Common Stock at an exercise price of $0.75 per share, subject to
      certain adjustments, exercisable for a term of three (3) years from the
      Expiration Date (as defined). We may sell fractional Units at our
      discretion.

    

    The
      Units
      are being offered on a no-minimum, $1,500,000 maximum, best-efforts basis.
      The
      minimum investment in this offering is $30,000 (or One Unit), subject to the
      Company’s right to accept subscriptions in lesser amounts. The offering will
      terminate on December 31, 2005, unless extended by the Company at its sole
      discretion, without notice.

    

    Each
      share of Common Stock and Warrant underlying the Units Interest shall be
      restricted and shall not be transferable except in accordance with the
      provisions of the Securities Act of 1933, as amended (the “Act”)
      and
      the rules and regulations promulgated thereunder by the Securities Exchange
      Commission. Each Subscriber should thoroughly review the Risk Factors of the
      Company and this Offering set forth in the Confidential Offering
      Memorandum.

    

    The
      undersigned (or its authorized representative) understands that it may cancel
      this subscription by means of a written notice received by the Company at any
      time before the Company has accepted the subscription. The undersigned further
      understands that this subscription is not binding until the Company accepts
      it,
      which acceptance is at the sole discretion of the Company, by executing this
      Agreement where indicated. The Company may accept this subscription in whole
      or
      in part. If the Company accepts this subscription only in part, the Company
      shall cause to be returned to the undersigned any amounts paid by the
      undersigned, but not accepted on behalf of the Company. Upon acceptance by
      the
      Company of the subscription, the subscription will become irrevocable unless
      the
      law of the state of residence of the undersigned provides otherwise. If the
      Company does not accept the Subscription, this Agreement shall be null and
      void,
      the Company shall cause to be returned to the undersigned any amounts paid
      by
      the undersigned, and the Company and the undersigned shall have no further
      obligation to each other hereunder.

    

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    In
      consideration of the premises and the mutual covenants hereinafter set forth,
      the parties hereto do hereby agree as follows:

     

    
      	 	
              I.

            	
              SUBSCRIPTION
                FOR SHARES AND REPRESENTATIONS BY AND COVENANTS OF
                SUBSCRIBER

            

    

    

    As
      an
      inducement to the Company to accept the subscription, the Subscriber represents
      and warrants (which representations and warranties shall be deemed continuing
      and shall survive the execution, delivery and performance of this Agreement
      and
      the Closing) as follows:

    

    1.1 Subject
      to the terms and conditions hereof, the Subscriber hereby subscribes for and
      agrees to purchase from the Company _____________ Units as defined above at
      $30,000
      per Unit, which equals $0.30 per share of Common Stock purchased. Each Unit
      consists of 100,000 shares of the Company’s Common Stock, and Warrants to
      purchase 100,000 shares of Common Stock for a total purchase price of
      $______________ (the “Purchase Price”) payable in currency of the United States
      payable to IPtimize,
      Inc.
      or by
      wire transfer of funds.

    

    1.2
       The
      Subscriber recognizes that the purchase of Units involves a high degree of
      risk
      in that (i) the Company is in the development stage, has not completed
      development of all of its proposed service products and may require further
      investment funds in addition to the proceeds of this private placement; (ii)
      an
      investment in the Company is highly speculative, and only investors who can
      afford the loss of their entire investment should consider investing in the
      Company and the Units; (iii) investors may not be able to liquidate their
      investment; (iv) transferability of the Shares and Warrants is extremely
      limited; and (v) in the event of a disposition of Shares and/or Warrants, an
      investor could sustain the loss of his entire investment, as well as other
      risk
      factors.

    

    1.3 The
      Subscriber represents that he or she is an “accredited investor” as such term is
      defined in Rule 501 of Regulation D promulgated under the United States
      Securities Act of 1933, as amended (the “Act”), as indicated by the Subscriber’s
      responses to the Confidential Investor Questionnaire contained in Article VI
      hereof, and that the Subscriber is able to bear the economic risk of an
      investment in the Units.

    

    1.4 The
      Subscriber acknowledges that Subscriber either: (i) has a preexisting personal
      or business relationship with the Company or with one or more of its officers,
      directors or controlling persons; or (ii) by reason of the Subscriber’s business
      or financial experience, including investment in non-listed and non-registered
      securities, or the business or financial experience of the Subscriber’s
      professional advisors who are unaffiliated with and who are not compensated
      by
      the Company or any affiliate or selling agent of the Company, directly or
      indirectly - could reasonably be assumed to have the capacity to protect the
      Subscriber’s own interests in connection with an investment in the Units. The
      Subscriber further acknowledges that he or she has the capacity to evaluate
      the
      merits and risks of such an investment and that the Subscriber recognizes the
      highly speculative nature of this investment. The
      Subscriber is not subscribing for any Interests as a result of or subsequent
      to
      any advertisement, article, notice or other communication published in any
      newspaper, magazine or similar media or broadcast over television or radio,
      any
      seminar or meeting, or any solicitation of a subscription by a person not
      previously known to the Subscriber in connection with investments in securities
      generally.

    

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    1.5 The
      Subscriber acknowledges receipt and careful review of the documents provided
      herewith (the “Offering Documents” attached as Exhibit A) and hereby represents
      that the Subscriber has been furnished by the Company during the course of
      this
      transaction with all information regarding the Company which the Subscriber
      had
      requested or desired to know; that all documents which could be reasonably
      provided, including the Company’s internal business plans, operating
      projections, have been made available for the Subscriber’s inspection and
      review; that such information and documents have, in Subscriber’s opinion,
      afforded the Subscriber generally with the same substantive information that
      would be provided to the Subscriber in a registration statement filed under
      the
      Act; that the Subscriber has been afforded the opportunity to ask questions
      of
      and receive answers from duly authorized officers or other representatives
      of
      the Company concerning the terms and conditions of the Offering and the Offering
      Documents; and that Subscriber has been provided any additional information
      which the Subscriber had requested.

    

    1.6 The
      Subscriber acknowledges that this Offering may involve tax consequences, and
      that the contents of the Offering Documents do not contain tax advice or
      information. The Subscriber acknowledges that the Subscriber must retain the
      Subscriber’s own professional advisors to evaluate the tax and other
      consequences of an investment in the Units.

    

    1.7 The
      Subscriber acknowledges that this Offering has not been reviewed by the United
      States Securities and Exchange Commission (“SEC”). The Subscriber represents
      that the Shares and Warrants being purchased by the Subscriber are being
      purchased for the Subscriber’s own account, for investment and not for
      distribution or resale to others. The Subscriber agrees that the Subscriber
      will
      not sell or otherwise transfer the Shares and/or Warrants unless they are
      registered under the Act or unless an exemption from such registration is
      available.

    

    1.8 The
      Subscriber understands that the Units, Shares, Warrants and the shares of Common
      Stock underlying the Warrants, have not been registered under the Act by reason
      of a claimed exemption under the provisions of the Act which depends, in part,
      upon the Subscriber’s investment intention. In that connection, the Subscriber
      understands that it is the position of the SEC that the statutory basis for
      such
      exemption would not be present if the Subscriber’s representation merely meant
      that the Subscriber’s present intention was to hold such securities for a short
      period, such as the capital gains period of tax statutes, for a deferred sale,
      for a market rise, assuming that a market develops, or for any other similarly
      fixed period. The Subscriber realizes that, in the view of the SEC, a purchase
      now with an intent to resell would represent a purchase with an intent
      inconsistent with the Subscriber’s representation to the Company, and the SEC
      might regard such a sale or disposition as a sale to which such exemptions
      are
      not available.

    

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    1.9 The
      Subscriber understands that there is no public market for the Units, Shares,
      Warrants and the shares of Common Stock underlying the Warrants,. The Subscriber
      understands that even if a public market develops for the Units, Shares,
      Warrants and the shares of Common Stock underlying the Warrants,, Rule 144
      (the “Rule”) promulgated under the Act requires, among other conditions, a
      one-year holding period prior to the resale (in limited amounts) of securities
      acquired in a non-public offering without having to satisfy the registration
      requirements under the Act. The Subscriber understands that the Company makes
      no
      representation or warranty regarding its fulfillment in the future of any
      reporting requirements under the Securities Exchange Act of 1934, as amended,
      or
      its dissemination to the public of any current financial or other information
      concerning the Company, as is required by the Rule as one of the conditions
      of
      its availability. The Subscriber understands and hereby acknowledges that the
      Company is under no obligation to register the Units, Shares, Warrants and
      the
      shares of Common Stock underlying the Warrants. The Subscriber consents that
      the
      Company, if it desires, may permit the transfer of the Units, Shares, Warrants
      and the shares of Common Stock underlying the Warrants, out of the Subscriber’s
      name only when the Subscriber’s request for transfer is accompanied by an
      opinion of counsel reasonably satisfactory to the Company that neither the
      sale
      nor the proposed transfer results in a violation of the Act or any applicable
      state “blue sky” laws (collectively “Securities Laws”) and subject to the
      provisions of Section 1.10 hereof. The Subscriber agrees to hold the Company
      and
      its directors, officers and controlling persons and their respective heirs,
      representatives, successors and assigns harmless and to indemnify them against
      all liabilities, costs and expenses incurred by them as a result of any
      misrepresentation made by the Subscriber contained herein or in the Confidential
      Investor Questionnaire contained in Article VI hereof or any sale or
      distribution by the undersigned Subscriber in violation of any Securities
      Laws.

    

    1.10 The
      Subscriber consents to the placement of a legend on any certificate or other
      document evidencing the Units, Shares, Warrants and the shares of Common Stock
      underlying the Warrants, stating that they have not been registered under the
      Act and setting forth or referring to the restrictions on transferability and
      sale thereof.

    

    1.11 The
      Subscriber understands that the Company will review this Subscription Agreement
      and the Confidential Investor Questionnaire contained herein and hereby is
      given
      authority by the undersigned, if an individual, to call his or her bank or
      place
      of employment or otherwise review the financial standing of the Subscriber
      insofar as is relevant to the Subscriber’s representations herein; and it is
      further agreed that the Company reserves the unrestricted right to reject or
      limit any subscription and to close any offer of Shares at any time. The
      Subscriber further understands that the Company reserves the right to
      oversubscribe the Offering at its sole discretion.

    

    1.12 The
      Subscriber hereby represents that the address of Subscriber furnished by the
      Subscriber at the end of this Subscription Agreement is the undersigned's
      principal residence, if the Subscriber is an individual, or its principal
      business address, if the Subscriber is a corporation or other
      entity.

    

    1.13 The
      Subscriber hereby represents and warrants that, except as set forth in the
      Offering Documents, no representations or warranties have been made to the
      Subscriber by the Company or any agent, employee, representative or affiliate
      of
      the Company and that, in entering into this transaction and subscribing for
      Units, the Subscriber is not relying on any information, other than that
      contained in the Offering Documents and the results of Subscriber’s independent
      investigation.

    

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    1.14 The
      Subscriber acknowledges that at such time, if ever, as the Units, Shares,
      Warrants and the shares of Common Stock underlying the Warrants, are registered,
      sales of such securities will be subject to Securities Laws, which may require,
      among other requirements, any securities to be sold through a registered
      broker-dealer or in reliance upon an exemption from registration. 

    

    1.15 The
      Subscriber acknowledges that the Company, at its discretion, may elect to engage
      the services of one or more broker/dealers registered with the National
      Association of Securities Dealers (“NASD”) and may pay such broker/dealers up to
      ten percent (10%) of the gross proceeds of the Offering in commissions.

    

    1.16 The
      Subscriber acknowledges that the officers and directors of the Company may
      participate in this Offering and may purchase some or all of the Minimum or
      Maximum Offering.

    

    1.17.
      The
      Subscriber:

    

    (a)
      Within
      the last five years, has not been convicted of any criminal offense in
      connection with the offer, purchase or sale of any security, or involving fraud
      or deceit;

    

    (b)
      Is
      not
      currently subject to any state or federal administrative enforcement order
      or
      judgment, entered within the last five years, finding fraud or deceit in
      connection with the purchase or sale of any security; or

    

    (c)
      Is
      not
      currently subject to any order, judgment or decree of any court of competent
      jurisdiction, entered with the last five years, temporarily, preliminarily
      or
      permanently restraining or enjoining such party from engaging in or continuing
      to engage in any conduct or practice involving fraud or deceit in connection
      with the purchase or sale of any security.

    

    1.18 The
      undersigned (or its authorized representative) understands that the Units are
      being purchased without the furnishing of any offering literature or prospectus
      other than this Agreement and the Offering
      Memorandum. 
 

    
      	
            	II.	
              TERMS
                OF SUBSCRIPTION

            

    

    

    2.1 The
      Subscriber hereby authorizes and directs the Company to deliver the securities
      to be issued to such Subscriber pursuant to this Subscription Agreement to
      the
      residential or business address indicated in the Confidential Investor
      Questionnaire included herein.

    

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    2.2 The
      Subscriber hereby authorizes and directs the Company to return any funds for
      unaccepted subscriptions to the same account from which the funds were drawn,
      including any customer account maintained with the Placement Agent, if
      applicable.

    

       2.3 If
      the
      Subscriber is not a United States person, such Subscriber hereby represents
      that
      he, she or it has satisfied itself as to the full observance of the laws of
      its
      jurisdiction in connection with any invitation to subscribe for the Units or
      any
      use of this Agreement, including (i) the legal requirements within its
      jurisdiction for the purchase of the Shares, (ii) any foreign exchange
      restrictions applicable to such purchase, (iii) any governmental or other
      consents that may need to be obtained, and (iv) the income tax and other tax
      consequences, if any, that may be relevant to the purchase, holding, redemption,
      sale or transfer of the Units, Shares, Warrants and the shares of Common Stock
      underlying the Warrants,. The Subscriber represents and warrants that the
      Subscriber's subscription and payment for, and the Subscriber’s continued
      beneficial ownership of the Units, Shares, Warrants and the shares of Common
      Stock underlying the Warrants,, will not violate any applicable securities
      or
      other laws of the Subscriber's jurisdiction.

     

    
      	
            	III.	
              MISCELLANEOUS

            

    

    

    3.1 Any
      notice or other communication given hereunder shall be deemed sufficient if
      in
      writing and sent by registered or certified mail, return receipt requested.
      Notices sent to the Company shall be addressed to the Company’s office at
4949
      S. Syracuse St., Suite 450, Denver, Colorado 80237,
      or fax
      at (303)
      268-3639.
      Notices
      sent to the Subscriber shall be addressed to the Subscriber’s address indicated
      on the last page of this Subscription Agreement. Notices shall be deemed to
      have
      been given on the date of mailing, except notices of change of address, which
      shall be deemed to have been given when received.

    

    3.2 This
      Subscription Agreement shall not be changed, modified or amended except by
      a
      writing signed by the parties to be charged, and this Subscription Agreement
      may
      not be discharged except by performance in accordance with its terms or by
      a
      writing signed by the party to be charged.

    

    3.3 This
      Subscription Agreement shall be binding upon and inure to the benefit of the
      parties hereto and to their respective heirs, legal representatives, successors
      and assigns. This Subscription Agreement sets forth the entire agreement and
      understanding between the parties as to the subject matter hereof and merges
      and
      supersedes all prior discussions, agreements and understandings of any and
      every
      nature among them.

    

    3.4 Notwithstanding
      the place where this Subscription Agreement may be executed by any of the
      parties hereto, the parties expressly agree that all the terms and provisions
      hereof shall be construed in accordance with and governed by the laws of the
      State of Colorado.

    

    3.5 Each
      of
      the Company and the Subscriber agree that any action or proceeding based hereon,
      or arising out of the Memorandum hereunder, shall be brought and maintained
      exclusively in the courts of the State of Colorado located in the County of
      Arapahoe or in the United States District Court for the District of Colorado.
      The Company and the Subscriber each hereby irrevocably submit to the
      jurisdiction of the courts of the State of Colorado located in the County of
      Arapahoe and of the United States District Court for the District of Colorado
      for the purpose of any such action or proceeding as set forth above and
      irrevocably agree to be bound by any judgment rendered thereby in connection
      with such action or proceeding. Each of the Company and the Subscriber hereby
      irrevocably waive, to the fullest extent permitted by law, any objection which
      either may have, or at any time hereafter may have, to the laying of venue
      of
      any such action or proceeding brought in any such court referred to above and
      any claim that any such action or proceeding has been brought in an inconvenient
      forum.

    

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    3.6 This
      Subscription Agreement may be executed in counterparts and may be executed
      by
      facsimile. Upon the execution and delivery of this Subscription Agreement by
      the
      Subscriber, this Subscription Agreement shall become a binding obligation of
      the
      Subscriber with respect to the purchase of Shares as herein provided; subject,
      however, to the right hereby reserved to the Company to enter into the same
      agreements with other subscribers and to add and/or to delete other persons
      as
      subscribers.

    

    3.7 The
      holding of any provision of this Subscription Agreement to be invalid or
      unenforceable by a court of competent jurisdiction shall not affect any other
      provision of this Subscription Agreement, which shall remain in full force
      and
      effect.

    

    3.8 It
      is
      agreed that a waiver by either party of a breach of any provision of this
      Subscription Agreement shall not operate, or be construed, as a waiver of any
      subsequent breach by that same party.

    

    3.9 The
      parties to this Subscription Agreement agree to execute and deliver all such
      further documents, agreements and instruments and take such other and further
      action as may be necessary or appropriate to carry out more fully the purposes
      and intent of this Subscription Agreement.

    

    3.10 The
      Company agrees not to disclose the names, addresses or any other information
      about the Subscriber, except as required by law, provided that the Company
      may
      use information relating to the Subscriber in any registration statement under
      the Act.

    

    (REMAINDER
      OF THIS PAGE INTENTIONALLY LEFT BLANK)

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

    
      	
            	
              IV.

            	
              CONFIDENTIAL
                INVESTOR QUESTIONNAIRE

            

    

    

    4.1 Subscriber
      Categories.
      The
      Subscriber represents and warrants that he, she or it comes within one category
      marked below, and that for any category marked, he, she or it has truthfully
      set
      forth, where applicable, the factual basis or reason the Subscriber comes within
      that category. ALL INFORMATION IN RESPONSE TO THIS SECTION WILL BE KEPT STRICTLY
      CONFIDENTIAL. The undersigned agrees to furnish any additional information
      which
      the Company deems necessary in order to verify the answers set forth
      below.

     

    
      
        	
                Category
                  A _____

              	
                The
                  undersigned is an individual (not a
                  partnership, corporation, etc.) whose individual net worth, or
                  joint net
                  worth with his or her spouse, presently exceeds
                  $1,000,000.

              
	 	 
	 	
                Explanation: In
                  calculating net worth you may include equity in personal property
                  and real
                  estate, including your principal residence, cash, short-term investments,
                  stock and securities. Equity in personal property and real estate
                  should
                  be based on the fair market value of such property less debt secured
                  by
                  such property.

              
	 	 
	
                Category
                  B _____

              	
                The
                  undersigned is an individual (not a
                  partnership, corporation, etc.) who had an income in excess of
                  $200,000 in
                  each of the two most recent years, or joint income with his or
                  her spouse
                  in excess of $300,000 in each of those years (in each case including
                  foreign income, tax exempt income and full amount of capital gains
                  and
                  losses but excluding any income of other family members and any
                  unrealized
                  capital appreciation) and has a reasonable expectation of reaching
                  the
                  same income level in the current year.

              
	 	 
	
                Category
                  C _____

              	
                The
                  undersigned is a director or executive
                  officer of the Company which is issuing and selling the
                  Shares.

              
	 	 
	
                Category
                  D _____

              	
                The
                  undersigned is a bank; a savings and loan
                  association; insurance company; registered investment company;
                  registered
                  business development company; licensed small business investment
                  company
                  (“SBIC”); or employee benefit plan within the meaning of Title I of ERISA
                  and (a) the investment decision is made by a plan fiduciary which
                  is
                  either a bank, savings and loan association, insurance company
                  or
                  registered investment advisor, or (b) the plan has total assets
                  in excess
                  of $5,000,000 or is a self directed plan with investment decisions
                  made
                  solely by persons that are accredited investors.

              
	 	
                _____________________________________

                _____________________________________

                (describe
                  entity)

              

      

       

      
        
          
          

        

        
          13

          
            

          

        

        
          
          

        

      

       

      
        	 	 
	
                Category
                  E _____

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

              
	 	
                _____________________________________

                _____________________________________

                (describe
                  entity)

              
	 	 
	
                Category
                  F _____

              	
                The
                  undersigned is either a corporation,
                  partnership, Massachusetts business trust, or non-profit organization
                  within the meaning of Section 501(c)(3) of the Internal Revenue
                  Code, in
                  each case not formed for the specific purpose of acquiring the
                  Shares and
                  with total assets in excess of $5,000,000.

              
	 	
                _____________________________________

                _____________________________________

                (describe
                  entity)

              
	 	 
	
                Category
                  G _____

              	
                The
                  undersigned is a trust with total assets in
                  excess of $5,000,000, not formed for the specific purpose of acquiring
                  the
                  Shares, where the purchase is directed by a "sophisticated person"
                  as
                  defined in Regulation 506(b)(2)(ii).

              
	 	 
	
                Category
                  H _____

              	
                The
                  undersigned is an entity (other than a
                  trust) all the equity owners of which are "accredited investors"
                  within
                  one or more of the above categories. If relying upon this Category
                  alone,
                  each equity owner must complete a separate copy of this
                  Agreement.

              
	 	
                _____________________________________

                _____________________________________

                (describe
                  entity)

              
	 	 
	
                Category
                  I _____

              	
                The
                  undersigned is not within any of the
                  categories above and is therefore not an accredited
                  investor.

              

      

      
        

        The
          undersigned covenants and agrees that the undersigned will notify the Company
          at
          any time on or prior to the Company’s acceptance of this subscription in the
          event that the representations and warranties in this Agreement shall cease
          to
          be true, accurate and complete.

      

       

      
        	
              	4.2	
                Suitability.
                  (Please answer each question)

              

      

      

      
        	 	
                (a)

              	
                For
                  an individual
                  Subscriber, please describe your current employment, including
                  the company
                  by which you are employed and its principal
                  business:

              

      

      ____________________________________________________

      ____________________________________________________

      ____________________________________________________

       

      
        	 	
                (b)
                  

              	
                For
                  an individual
                  Subscriber, please describe any college or graduate degrees held
                  by
                  you:

              

      

      ____________________________________________________

      ____________________________________________________

      ____________________________________________________

      
         

        
          
            
            

          

          
            14

            
              

            

          

          
            
            

        

      

      
        	
              	(c)	
                For
                  all
                  Subscribers, please check types of prior
                  investments:

              

      

       

      
        	U.S. Government Securities ____ 	 	Private
                Placements ____
	Publicly Traded Corporate  
                ____ 	 	Mutual
                Funds          ____
	Real Estate
                Investments       ____ 	 	Other
                (describe)       ____

      

       

      
        	 	
                (d)

              	
                For
                  all
                  Subscribers, please state whether you have participated in other
                  private
                  placements before:

              

      

      

      YES_____
          NO_____

      

      
        	 	
                (e)

              	
                For
                  all
                  Subscribers, please indicate frequency of such prior participation
                  in
                  private placements:

              

      

       

      
        	Public Companies  	Private Companies 	Companies
	Frequently     
                _____	_____	_____
	Occasionally 
                _____	_____	_____
	Never  _____	_____	_____

      

       

      
        	
              	4.3	
                Manner
                  In Which Title to be Held.
                  (Circle one)

              

      

      

      
        	 	
                (a)

              	
                Individual
                  Ownership

              

      

      
        	
              	(b)	
                Community
                  Property

              

      

      
        	
              	(c)	
                Joint
                  Tenant with Right of Survivorship (both parties must
                  sign)

              

      

      
        	
              	(d)	
                Partnership*

              

      

      
        	
              	(e)	
                Tenants
                  in Common

              

      

      
        
          
            	
                  	(f)	
                    Company*

                  

          

        

      

      
        	
              	
                (g)

              	
                Trust*

              

      

      
        	
              	(h)	
                Other

              

      

      

      *If
        Shares are being subscribed for by an entity, the attached Certificate of
        Signatory must also be completed.

      

      
        	
              	4.4	
                NASD
                  Affiliation:

              

      

       

      Are
        you
        associated with an NASD member firm? (Please check one)

       

      YES_____
         NO_____

      

      
        
          
          

        

        
          15

          
            

          

        

        
          
          

        

      

      

      If
        Yes,
        please describe:

       

      
        	 	
                (1)

              	
                The
                  NASD defines a “person associated with a member” or “associated person of
                  a member” as being every sole proprietor, general or limited partner,
                  officer, director or branch manager of any member, or any natural
                  person
                  occupying a similar status or performing similar functions, or
                  any natural
                  person engaged in the investment banking or securities business
                  who is
                  directly or indirectly controlling or controlled by such member
                  (for
                  example, any employee), whether or not any such person is registered
                  or
                  exempt from registration with the NASD. Thus, “person associated with a
                  member” or “associated person of a member” includes a sole proprietor,
                  general or limited partner, officer, director or branch manager
                  of an
                  organization of any kind (whether a corporation, partnership or
                  other
                  business entity) which itself is either a “member” or a “Person associated
                  with a member” or “associated person of a member.” In addition, an
                  organization of any kind is a “person associated with a member” or
                  “associated person of a member” if its sole proprietor or any one of its
                  general or limited partners, officers, directors or branch managers
                  is a
                  “member,” “person associated with a member” or “associated person of a
                  member.”

              

      

      

      
        	 	
                (2)

              	
                The
                  NASD defines a “member” as being any individual, partnership, corporation
                  or other legal entity that is a broker or dealer admitted to membership
                  in
                  the NASD.

              

      

      

      *If
        Subscriber is a Registered Representative with an NASD member firm, have
        the
        following acknowledgment signed by the appropriate party:

      

      The
        undersigned NASD member firm acknowledges receipt of the notice required
        by Rule
        3050 of the NASD Conduct Rules or any successor rules or
        regulations.

      

      _______________________________________________

      Name
        of
        NASD Member Firm

      

      By: __________________________________

      Authorized
        Officer

       

      Date: _____________________

      

      4.5
        Reliance.
        The
        undersigned is informed of the significance to the Company of the foregoing
        representations and answers contained in the Confidential Investor Questionnaire
        contained in this Article V and such answers have been provided under the
        assumption that the Company will rely on them.

      

      
        
          
          

        

        
          16

          
            

          

        

        
          
          

        

         

      

    

    IPTIMIZE,
      INC.

    

    Private
      Placement of Common Stock Shares

    

    ($1,500,000
      Unit Offering)

    

    INVESTOR
      INFORMATION PAGE

    

    

    NUMBER
      OF
      UNITS ________________
      x $30,000 = $________________

    

    

    
       

      
        	 	 	 
	Name (both
                if purchasing jointly)	 	Business or Entity Name
	 	 	 
	Home Address	 	Business Address
	 	 	 
	Home City, State and Zip Code	 	Business City, State and Zip
                Code
	 	 	 
	Home Telephone	 	Business Telephone
	 	 	 
	Home Telephone-Other	 	Business Telephone-Other
	 	 	 
	Home Facsimile	 	Business Facsimile
	 	 	 
	Home E-Mail	 	Business E-Mail
	 	 	 
	Tax ID# or Social Security #	 	Employer ID# or License #
	 	 	 
	Other	 	Other

      

       

    

    

    Name
      in
      which securities should be issued:
      ____________________________________

    

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

    

    IPTIMIZE,
      INC.

    SUBSCRIPTION
      AGREEMENT

    

    Private
      Placement of Common Stock Shares

    

    ($1,500,000
      Unit Offering)

    

    INVESTOR
      SIGNATURE PAGE

    

    IN
      WITNESS WHEREOF, the parties have executed this Subscription Agreement
as
      of the
      day and year first written above.

    

    NUMBER
      OF
      UNITS _________________
      x $30,000 = $________________

    

     

    
      
        	 	 	 	 
	Signature	 	Signature (if purchasing jointly)	 
	 	 	 	 
	 	 	 	 
	Name Typed or Printed	 	Name Typed or Printed	 

      

      

      
        
          
          

        

        
          18

          
            

          

        

        
          
          

        

      

    

    IPTIMIZE,
      INC.

    SUBSCRIPTION
      AGREEMENT

    

    Private
      Placement of Common Stock Shares

    

    ($1,500,000
      Unit Offering)

    

    COMPANY
      ACCEPTANCE PAGE

    

    SUBSCRIPTION
      AGREEMENT ACCEPTED AND AGREED TO:

    

    
      	Principal Amount	 $______________
	 	 
	Number of Units:	  ______________
	 	 
	Name of Subscriber:	  ____________________________________

    

    

    
      

      IPTIMIZE,
        INC.

      
 

      
        	 	 	 	 
	
                John R. Evans

                Chairman and Chief Executive Officer

              	 	
                Clinton J. Wilson

                President

              	 

      

       

       

      
        
          
          

        

        
          19IPTIMIZE,
      INC.

    BRIDGE
      NOTE AND STOCK PURCHASE AGREEMENT

    

    THIS
      BRIDGE LOAN AND STOCK PURCHASE AGREEMENT (this “Agreement”) is entered into as
      of ____________________ 2006, between IPTIMIZE,
      Inc.,
      a
      Minnesota corporation (“Borrower” or the “Company”) and _________________________
      (“Lender”), with reference to the following.

    

    WHEREAS,
      Borrower desires to borrow up to $1,000,000 from Lender (or group of Lenders
      under separate agreements of like terms, in aggregate) to meet working capital
      needs related to its planned registration statement with the Securities and
      Exchange Commission (the “SEC Registration”). 

    

    WHEREAS,
      Lender desires to lend to Borrower pursuant to the terms of that certain Secured
      Promissory Note, of even date herewith, a copy of which is attached hereto
      as
      Exhibit “A” (the “Bridge Note” or “Note” herein).

    

    WHEREAS,
      Lender acknowledges that the securities offered hereby are speculative in
      nature; involve a high degree of risk; and recognize that Lender may be subject
      to a loss of its entire investment in the Company. 

     

    NOW,
      THEREFORE, in consideration of the foregoing premises, the provisions set forth
      below, and other good and valuable consideration, the parties agree as
      follows.

    

    
      	
              1.

            	
              Loan.
                Borrower hereby borrows from Lender and Lender hereby makes a loan
                to
                Borrower, in the amount of $_____,000
                (the “Loan Amount”) in accordance with the terms of the Note. The proceeds
                of the Loan shall be delivered to Borrower through an escrow, net
                of
                certain approved fees, commissions and costs, if any, associated
                with the
                Loan.

            

    

    

    
      	
              2.

            	
              Senior
                Debt.
                The Note will rank senior in right of payment to all existing and
                any
                future indebtedness of Borrower, and shall be incorporated in total
                borrowing under the same or similar terms hereby on a pro rata basis
                with
                other “Bridge Note” investors which may complete Bridge Note
                agreements.

            

    

    

    
      	
              3.

            	
              Security
                Interest.
                In
                consideration of the Loan extended to Borrower and as security and
                collateral for the payment of the Note by Borrower and for the due
                performance and compliance by Borrower of all of the terms and provisions
                of this Agreement, Borrower hereby delivers, transfers, grants a
                security
                interest in, and assigns to Lender all of its right, title and interest
                in
                and to the following which shall be referred to as the
                “Collateral”:

            

    

    

    
      	 	
              (a)

            	
              Any
                cash or receivables or assets not previously pledged or previously
                claimed
                as collateral under existing lease, debt or other lending agreements;
                and

            

    

    

    
      	 	
              (b)

            	
              All
                assets and intellectual property, patent rights, or related intangible
                assets not previously pledged or previously claimed as collateral
                under
                existing lease, debt or other lending
                agreements.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
          IPtimize
            Bridge Note Agreement

          
            
              

            

          

        

      

       

    

    
      	
              4.

            	
              Execution
                of Further Documentation.

            

    

    

    
      	
            	(a)	
              At
                the expense of Borrower, Borrower shall promptly execute and deliver
                all
                further instruments and documents, and take all further action, that
                Lender, in its sole discretion may determine to be reasonably necessary
                or
                convenient from time to time in order to perfect and protect any
                security
                interest granted or purported to be granted hereby or to enable Lender
                to
                exercise and enforce its rights and remedies hereunder with respect
                to the
                Collateral. Without limiting the generality of theforegoing, at the
                request of Lender, Borrower shall:

            

    

    

    
      	
            	(i)	
              Execute
                and file such financing statements or continuation statements, or
                amendments thereto, and such other instruments or notices, as may
                be
                necessary or desirable, or as Lender may request in order to perfect
                and
                preserve the security interests granted or purported to be granted
                hereby;
                and

            

    

    

    
      	
            	(ii)	
              Appear
                in and defend any action or proceeding that may affect Borrower's
                title to
                or Lender's security interest in all. or any part of the
                Collateral.

            

    

    

    
      	
            	(b)	
              Borrower
                hereby authorizes Lender to file one or more financing or continuation
                statements, and amendments thereto, relative to all or any part of
                the
                Collateral without the signature of Borrower. Borrower agrees that
                a
                carbon, photographic or other reproduction of this Agreement or of
                a
                financing statement signed by Borrower shall be sufficient as a financing
                statement and may be filed as a financing statement in any and all
                jurisdictions.

            

    

    

    
      	
              5.

            	
              Conversion
                of Note to Common Stock.
                At
                the Lender’s sole discretion, the outstanding amount of the Note may be
                voluntarily convertible into Common Stock. Borrower hereby sells
                to Lender
                ________________
                shares of Common Stock of Borrower for the total of the Note amount,
                based
                on the per share price of $0.25
                per share, unless the Loan Amount shall be paid down in part (for
                which
                the remaining amount would convert at the rate of 4,000 shares for
                every
                $1,000 of the outstanding Loan Amount). Additional shares shall also
                be
                sold to Lender based on the accrued interest from the date of this
                Agreement until such date of conversion at the same price per
                share.

            

    

    

    Upon
      conversion, the Note and this Agreement shall be deemed paid in full, all terms
      related to the Note shall become null and void, and the Lender shall assume
      all
      rights of share ownership as defined in the Articles of Incorporation and
      By-Laws related to any Common Stock Offering of the Company.

    

    
      	
              6.

            	
              Shares
                Issuable for Bridge Note.
                Lender shall receive common stock shares (the “Bridge Note Shares”) as an
                inducement to enter into this Agreement. Lender shall receive ____________
                shares of Common Stock (based on .33 shares per $1,000 of Note Amount).
                Such shares shall be evidenced by a certificate issued from the company’s
                authorized stock transfer agent and shall contain all rights as provided
                for holders of Common Stock of the
                company.

            

    

    

    
      	
              7.

            	
              Incentive
                Warrants.
                Lender shall receive incentive warrants (the “Bridge Warrants”) as an
                inducement to enter into this Agreement. Lender shall receive Bridge
                Warrants for ____________
                Common Stock shares upon exercise (based on .33 shares per $1,000
                of Note
                Amount). Bridge Warrants shall have an exercise price of $0.75 per
                share
                and shall be convertible into Common Stock at any time over a period
                of
                three (3) years from the date of this
                Agreement.

            

    

    

    
      	
              8.

            	
              Voting.
                Unless an Event of Default shall have occurred and be continuing,
                Borrower
                shall be entitled to vote its shares to give consents, waivers, and
                ratification in respect thereof, provided that no vote shall be cast
                or
                consent, waiver or ratification given or action taken which would
                violate
                or not comply with any of the terms and provisions of this Agreement
                or of
                the Note. All such rights of Borrower to vote, and to give consents,
                waivers and ratifications shall cease if an Event of Default shall
                occur
                and be continuing. If there shall have occurred an Event of Default,
                Borrower hereby grants to Lender an irrevocable proxy pursuant to
                which
                proxy Lender shall be entitled to vote or consent in its discretion
                and in
                such event Borrower agrees to deliver to Lender such further evidence
                of
                such proxy as Lender may request.

            

    

    
      

      
        
          
          

        

        
          2

          
            

          

        

        
          
            IPtimize
              Bridge Note Agreement

            
              
                

              

            

          

        

      

    

     

    
      	
              9.

            	
              Shares
                to Be Registered.
                If
                Borrower undertakes to register shares of its common stock with the
                SEC or
                conducts a public offering, Borrower shall give thirty (30) days
                prior
                written notice thereof to Lender, and shall upon the written request
                of
                Lender, include in the registration statement such number of: (a)
                the
                Common Stock shares underlying conversion of the Note; (b) the Bridge
                Note
                Stock issued hereby; and (c) the stock underlying the Bridge Warrants,
                as
                Lender may request subject to reasonable limitations established
                by an
                underwriter. Such inclusion, in any event shall be at no cost to
                Lender
                and shall be at the sole cost and expense of Borrower. In connection
                with
                any notification or registration statement, Borrower shall take any
                reasonable steps to make the securities covered thereby eligible
                for
                public offering and sale by the effective date of such notification
                or
                registration statement. In connection with any filing hereunder Borrower
                shall bear all the expenses and professional fees which arise in
                connection with such filings and keeping them effective and correct
                as
                provided hereunder, and shall provide Lender with a reasonable number
                of
                printed copies of the prospectus or offering circulars. Borrower
                consents
                to the use of such prospectus, SB-2, S-1 or circular in connection
                with
                the sale of Lender's shares.

            

    

    

    
      	
              10.

            	
              Organization.
                Borrower: (i) is a corporation duly organized, validly existing and
                in
                good standing under the laws of the State of Minnesota; (ii) is domiciled
                and is duly qualified and licensed to do business in the State of
                Colorado; and (iii) has all requisite power and authority to carry
                on its
                business, to own and hold its properties and assets, to enter into
                and
                perform this Agreement and to issue and carry out the provisions
                of the
                Note and this Agreement. The execution, delivery and performance
                by
                Borrower of this Agreement, the issuance of the Common Stock, the
                Note and
                the pledge of the Collateral have been duly and validly authorized
                by
                Borrower’s Board of Directors and no authorization or approval of
                Borrower’s shareholders is required in connection therewith.
                

            

    

    

    
      	
              11.

            	
              Acknowledgements
                by Lender.
                Lender hereby represents and warrants to Borrower as
                follows.

            

    

    

    
      	 	
              (a)

            	
              Knowledge
                and _Experience.
                Lender has sufficient knowledge and experience in financial and business
                matters to be capable of evaluating the merits and risks of investments
                generally and of investment in Borrower in particular, and LENDER
                IS ABLE
                TO BEAR THE ECONOMIC RISK OF THIS LOAN TRANSACTION WITH FULL UNDERSTANDING
                THAT IT CAN LOSE ITS ENTIRE INVESTMENT IN BORROWER WITHOUT PRODUCING
                A
                MATERIAL ADVERSE CHANGE IN LENDER'S FINANCIAL
                CONDITION.

            

    

    

    
      	 	
              (b)

            	
              No
                Securities Registration.
                Lender is aware that, while the Lender intends to file a registration
                statement, as of the date hereby, no registration statement has been
                filed
                with the United States Securities and Exchange Commission, nor with
                any
                other regulatory authority concerning the Common Stock or the
                Note.

            

    

    

    
      	 	
              (c)

            	
              Transferability
                Restrictions.
                The Note and the Common Stock cannot be transferred or sold unless
                such
                transfer or sale is registered pursuant to the Securities Act of
                1933 (the
                “Act”) and registered or qualified pursuant to applicable securities laws,
                or exemptions from such registrations or qualifications are available
                or
                without the prior written consent of Borrower which consent may require
                an
                opinion of the transferor's legal counsel (conducted with by Borrower's
                legal counsel) to the effect that the proposed transfer is exempt
                from the
                registration provisions of the Act and from the registration or
                qualification provisions of any applicable sectirities
                law.

            

    

    
      

      
        
          
          

        

        
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            IPtimize
              Bridge Note Agreement

            
              
                

              

            

          

        

      

    

     

    
      	 	
              (d)

            	
              Limited
                Public Market.
                Lender is aware that there is only a limited public market for the
                Common
                Stock and that Lender may not be able to readily liquidate Lender's
                investment in Borrower.

            

    

    

    
      	 	
              (e)

            	
              Subscription
                Agreement.
                Lender shall execute a Subscription Agreement concerning the purchase
                of
                the Common Stock.

            

    

    

    
      	12.	
              Default.

            

    

    

    
      	 	
              (a)

            	
              Event
                of Default.
                The occurrence of any of the following events shall be an event of
                default
                under this Agreement and the Note (“Events of
                Default”).

            

    

    

    
      	 	
              (i)

            	
              If
                default shall be made in the due and punctual payment of any principal
                of
                or interest or cost under the Note;

            

    

    

    
      	 	
              (ii)

            	
              If
                default shall be made in the due and punctual performance or observance
                of
                any material non-payment term, condition or covenant contained in
                this
                Agreement or the Note and such default continues unremedied for a
                period
                forty-five (45) days after written notice to Borrower by Lender,
                or if any
                representations or warranties of Borrower contained in this Ageement
                is
                untrue or inaccurate in any material respect as of the date on which
                such
                representation or warranty is made;

            

    

    

    
      	 	
              (iv)

            	
              The
                material breach of any warranty of Borrower contained in this Agreement
                not cured within forty-five (45) days of written notice of such
                breach;

            

    

    

    
      	 	
              (v)

            	
              If
                Borrower: (a) files a petition in bankruptcy or a petition to take
                advantage of any insolvency act or other act for the relief or aid
                of
                debtors; (b) makes an assignment for the benefit of its creditors;
                (c)
                consents to or acquiesces in the appointment of a receiver, liquidator
                or
                trustee of itself or of the whole or any part of its properties and
                assets; (d) files a petition or answer seeking for itself reorganization,
                arrangement, composition, readjustment. liquidation, dissolution
                or
                similar relief under the federal bankruptcy laws or any other applicable
                law; or (e) on a petition in bankruptcy filed against it, is adjudicated
                a
                bankrupt;

            

    

    

    
      	 	
              (vi)

            	
              If
                a court of competent jurisdiction shall enter an order, judgment
                or decree
                appointing, without the consent of acquiescence of Borrower, as a
                receiver, liquidator or trustee of Borrower, or of the whole or any
                substantial part of its properties and assets, or approving a petition
                filed against it seeking reorganization, arrangement, composition,
                readjustment, liquidation, dissolution or similar relief under the
                federal
                bankruptcy laws or any other applicable law, and such order judgment
                or
                decree shall remain unvacated or not set aside or unstayed for an
                aggregate of thirty (30) days, whether or not consecutive, from the
                date
                of the entry thereto; 

            

    

    

    
      	 	
              (vii)

            	
              If,
                under the provisions of any other law for the relief or aid of debtors,
                any court of competent jurisdiction shall assume custody or control
                of
                Borrower or the whole or any substantial part of its operations and
                assets
                and such custody and control shall remain unterminated or unstayed
                for an
                aggregate of thirty (30) days, whether or not consecutive, from the
                date
                of assumption of such custody or
                control.

            

    

    

    
      	 	
              (b)

            	
              Due
                and Payable.
                Upon the occurrences of any such Event of Default, Lender at its
                option
                exercised by written notice to Borrower, shall deern the principal
                under
                the Note, together with the interest and charges accrued thereon,
                become
                immediately due and payable. Lender may exercise any or all of the
                rights
                and remedies granted to a secured party under the provisions of the
                Uniform Commercial Code (as now or hereafter in effect), including
                without
                limitation the power to dispose of the Collateral by public or private
                sale or to accept the Collateral in full payment of the Note and
                all other
                indebtedness secured hereunder. Any proceeds realized from the disposition
                of the Collateral pursuant to the private power of sale hereby granted
                to
                Lender, shall: (i) first be applied to the payment of expenses incurred
                by
                Lender in connection with the disposition; and (ii) the balance shall
                be
                applied to the payment of the Note; (iii) thereafter to any senior
                indebtedness; and finally (iv) to any other indebtedness secured
                hereunder
                in such order of application as Lender shall deem appropriate. Any
                surplus
                proceeds shall be paid over to Borrower. In the event such proceeds
                prove
                insufficient to satisfy all indebtedness secured hereunder, then
                Borrower
                shall be liable for the deficiency.

            

    

    
      

      
        
          
          

        

        
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              Bridge Note Agreement

            
              
                

              

            

          

        

      

    

     

    
      	 	
              (c)

            	
              Other
                Remedies.
                The rights, powers and remedies granted to Lender pursuant to the
                provisions of this Agreement shall be in addition to all the rights,
                powers and remedies granled to Lender under any statute or rule of
                law.
                Any forbearance, failure or delay by order, exercising any right,
                power or
                remedy under this Agreement shall not be deemed to be waiver of such
                right, power or reinedy. Any single or partial exercise (if any right,
                power or remedy under this Agreement shall not preclude the further
                exercise thereof, and every right, power and remedy of Lender under
                this
                Agreement shall continue in full force and effect until such right,
                power
                or remedy is specifically waived by any instrument executed by
                Lender.

            

    

    

    
      	
              13.

            	
              Choice
                of Law.
                This Agreement shall be interpreted in accordance with the law of
                the
                State of Colorado, in the City and County of Denver, including all
                matters
                of construction, validity, performance and enforcement, without giving
                effect to any principles of conflict of
                laws.

            

    

    

    
      	
              14.

            	
              Attorneys’
                Fees.
                If any arbitration, litigation, action, suit or other proceeding
                is
                instituted to remedy, prevent or obtain relief from a breach of this
                Agreement, in relation to a breach of this Agreement or pertaining
                to a
                declaration of rights under this Agreement the prevailing party will
                recover all such party's attorneys' fees incurred in each and every
                such
                action, suit or other proceeding, including any and all appeals or
                petitions therefrom. As used in this Agreement, attorneys' fees will
                be
                deemed to be the actual costs of any legal services actually performed
                in
                connection with the matters involved, including those related to
                any
                appeal or the enforcement of any judgment, calculated on the basis
                of the
                usual fee charged by attorneys performing such services, and will
                not be
                limited to “reasonable attorneys’ fees” as defined in any statute or rule
                of court.

            

    

    

    
      	
              15.

            	
              Notices.
                Any notice to be given hereunder shall be given (except as otherwise
                expressly set forth herein) by registered or certified mail, postage
                prepaid, by cable, telex or facsimile, or may be dilivered by hand
                or by
                messenger and shall be deemed to have been received as follows: if
                given
                by registered or certified mail, five business days after posting;
                if
                given by cable, two business days after dispatch, if given by telex
                or
                facsimile one business day after dispatch; and if delivered by hand
                or by
                messenger and receipted for by or on behalf of the party to whom
                the
                notice is directed, at the time of such delivery.
                

            

    

     

    
      	
              16.

            	
              Miscellaneous.
                This Agreement may be executed in counterparts, each of which shall
                be an
                original but all of which shall be constituted one and the same
                instrument. Each provision of this Agreement is intended to be severable
                and if any term or provision herein is determined invalid or unenforceable
                for any reason, such illegality or invalidity will not affect the
                validity
                of the remainder of this Agreement and, wherever possible, intent
                will be
                given to the invalid or unenforceable provision. The language in
                all parts
                of this Agreement shall be in all cases construed simply according
                to its
                fair meaning and not strictly for or against any party. The recitals
                and
                all exhibits, attachments or other documents referenced in this Agreement
                are fully incorporated into this Agreement by reference. Unless expressly
                set forth otherwise herein, all references herein to a “day,” “month” or
                “year” will be deemed to be a reference to a calendar day, month or year,
                as the case may be. Unless expressly set forth otherwise herein,
                all
                cross-references herein will refer to provisions within this Agreement,
                and will not be deemed to be references to the overall transaction
                or to
                any other agreement or documents. No provision of this Agreement
                or the
                docunents referred to herein may be altered, amended, canceled, revoked,
                or otherwise modified, and no addition to this Agreement may be made,
                unless in writing signed by each of the parties.
                

            

    

    
      

      
        
          
          

        

        
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              Bridge Note Agreement

            
              
                

              

            

          

        

      

    

     

    
      	
              17.

            	
              Entire
                Agreement.
                The terms of this Agreement and the agreements contemplated hereby
                are
                intended by the parties as a final expression of their agreement
                with
                respect to such terms and may not be contradicted by evidence of
                any prior
                agreement or contemporaneous oral agreement, and this agreement and
                the
                agreements referenced herein constitute the complete and exclusive
                statement of its terms and no extrinsic evidence whatsoever may be
                introduced in any judicial or arbitration proceeding, if any, involving
                this Agreement.

            

    

     

    IN
      WITNESS WHEREOF, thisAgreement is entered into by the parties as of the date
      set
      forth above.

     

    
      	“BORROWER”	 	“LENDER”
	IPTIMIZE, INC.	 	 
	 	 	 
	 	 	 
	
              Clinton J. Wilson

              Chief Executive Officer and President

            	 	an individual
	 	 	 
	 	 	Loan Amount:
              $_________,000

    

    

    
      
        
        

      

      
        6

        
          

        

      

      
        
          IPtimize
            Bridge Note Agreement

          
            
              

            

          

        

    

    

    EXHIBIT
      “A”

    

    SECURED
      PROMISSORY NOTE

    

    FOR
      VALUE
      RECEIVED, IPTIMIZE,
      Inc.,
      a
      Minnesota corporation (“Borrower”), hereby covenants and promises to pay to
____________________________
      (“Lender”), ____________________
      Thousand Dollars ($________,000.00)
      in
      lawful money of the United States of America, together with interest thereon
      computed from the date hereof at the rate of fifteen
      percent (15.0%)
      per
      annum, on an actual day/360 day basis. All interest, principal and other costs
      hereunder shall be due and payable to the holder (“Holder”) of this Secured
      Promissory Note (this “Note”) on the earlier of: (i) conversion into Common
      Stock under such conditions as defined in the Bridge Loan and Common Stock
      Purchase Agreement, of even date herewith (the “Loan Agreement”); or (ii)
twelve
      (12) months
      from the
      date hereof (the “Due Date”).

    

    Payments
      of principal and interest will be made in legal tender of the United States
      of
      America. Borrower shall have the right to prepay without penalty all or any
      part
      of the unpaid balance of this Note at any time. Borrower shall not be entitled
      to re-borrow any prepaid amounts of the principal, interest or other costs
      or
      charges. All paymonts made pursuant to this Note will be: (i) first applied
      to
      accrued and unpaid interest, if any; (ii) then to any lien or other proper
      charges under this Note; and (iii) the balance, if any, to
      principal.

    

    Notwithstanding
      anything in this Note to the contrary, the entire unpaid principal amount of
      the
      Note, togother with all accrued but unpaid interest thereon and other unpaid
      charges hereunder, will become imnediately due and payable without further
      notice at the option of the Holder upon any of the following (the “Acceleration
      Date”): (i) Borrower fails to timely make any payment hereunder when such
      payment becomes first due and such failure continues for a period of five (5)
      days after written notice from Holder to Borrower; (ii) the occurrence of an
      “Event of Default” as defined in the Loan Agreement or this Note and such
      default continues unremedied for a period of ten (10) days after written notice
      to Borrower by Lender; (iii) Borrower ceases to carry on business on a regular
      basis or enters into an agreement to sell substantially all of its assets or
      any
      agreement whereby it merges into, consolidates with or is acquired by any other
      business entity; or (iv) Borrower makes any assignment for the benefit of its
      creditors, makes any election to wind up or dissolve or becomes unable to pay
      Borrower's debts as they mature, insolvent or the subject of any proceeding
      under any bankruptcy, insolvency or debtor’s relief law.

    

    If
      any
      amount payable to Holder under this Note is not received by Holder on or before
      the Due Date, then such amount (the “Delinquent Amount”) will bear interest from
      and after the Due Date until paid at an annual rate of interest equal to
      eighteen percent (18.0%) (the “Default Rate”).

    

    This
      Note
      is secured by the unencumbered assets of IPtimize, Inc., and certain other
      collateral described in the Bridge Loan Agreement. All rights, remedies,
      undertakings,obligations, judgements, covenants, conditions of the Note and
      the
      Loan Agreement are cumulative and no one of them will be exclusive of any other.
      Any notice to any party concerning this Note will be delivered as set forth
      in
      the Note Agreement.

    

    Borrower
      for itself and its legal representatives, successors and assigns, expressly
      waives presentment, protest, demand, notice of dishonor, notice of nonpayment,
      notice of maturity, notice of protest, presentment for the purpose of
      accelerating maturity, and diligence in collection, and consents that Holder
      may
      extend the time for payment or otherwise modify the terms of payment or any
      part
      or the whole of the debt evidenced hereby. To the fullest extent permitted
      by
      law, Borrower waives the statute of limitations in any action brought by Holder
      in connection with this Note and the right to a trial by jury.

     

    
      
        
          
          

        

        
          7

          
            

          

        

        
          
            IPtimize
              Bridge Note Agreement

            
              
                

              

            

          

        

      

    

     

    This
      Note
      shall be interpreted in accordance with the law of the State of Colorado, in
      the
      City and County of Denver, including all matters of construction, validity,
      performance and enforcement, without giving effect to any principles of conflict
      of laws. Any dispute, action or proceeding concerning this Note will be
      initiated, maintained, heard and decided exclusively in Denver, Colorado.
      Borrower irrevocably waives its right to a jury trial in all such disputes,
      actions and proceedings. The prevailing party in any action, litigation or
      proceeding including any appeal or the collection of any judgment concerning
      this Note will be awarded, in addition to any damages, injunctions or other
      relief, and without regard to whether or not such matter be prosecuted to final
      judgment, such party's costs and expenses, including reasonable attorneys'
      fees,
      including from in-house attorneys and paralegals and Lender shall be entitled
      to
      recover all of its attorneys’ fees and costs should Lender place this Note in
      the hands of an attorney for collection. This Note may not be changed, modified,
      amended or terminated orally.

    

    In
      the
      event that this Note shall require the payment of interest in excess of the
      maximum amount permissible under applicable law, Borrower's obligations
      hereunder shall automatically and retroactively be deemed reduced to the highest
      maximum amount permissible under applicable law. In the event Holder receives
      as
      interest an amount that would exceed such maximum applicable rate, the amount
      of
      any excess interest shall not be applied to the payment of interest hereunder,
      but shall automatically and retroactively be applied to the reduction of the
      unpaid principal balance due hereunder. In the event and to the extent such
      excess amount of interest exceeds the outstanding unpaid principal balance
      hereunder, any such excess amount shall be immediately returned to Borrower
      by
      Holder. Borrower hereby waives any provisions of any state or federal law
      concerning usury or the limitation on the maximum rate of interest chargeable
      by
      a lender.

    

    IN
      WITNESS WHEREOF, this Agreement is entered into by the parties as of the date
      set forth above.

     

    
      
        	“BORROWER”	 	“LENDER”
	IPTIMIZE, INC.	 	 
	 	 	 
	 	 	 
	
                Clinton J. Wilson

                Chief Executive Officer and President

              	 	an individual
	 	 	 
	 	 	Loan Amount:
                $_________,000

      

      

      
        
          
          

        

        
          8

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