Document:

Exhibit 4.1  

NEITHER THIS WARRANT NOR THE SHARES
OF COMMON STOCK ISSUABLE UPON EXERCISE HEREOF HAVE BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, AND HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR
IN CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF. NO SUCH SALE OR DISPOSITION MAY BE
AFFECTED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR AN OPINION OF
COUNSEL THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED. 

BEACON ENTERPRISE
SOLUTIONS GROUP, INC. 

WARRANT TO PURCHASE

_______ SHARES 

  OF
COMMON STOCK 

  (SUBJECT TO ADJUSTMENT)

  (Void after _________, 2013)  

Investor Warrant No: ___
                                                           ________, 2008 

        This
certifies that for value, [INVESTOR NAME], or registered assigns (the “Holder”), is
entitled, subject to the terms set forth below, at any time from and after _________,
2008 (the “Original Issuance Date”) and before 5:00 p.m., Eastern Time, on _________,
2013 (the “Expiration Date”), to purchase from Beacon Enterprise Solutions Group, Inc., a
Nevada corporation (the “Company”), ____________________ (_______) shares (subject to
adjustment as described herein), of common stock, par value $0.001 per share, of the
Company (the “Common Stock”), upon surrender hereof, at the principal office of the
Company referred to below, with a duly executed subscription form in the form attached
hereto as Exhibit A and simultaneous payment therefor in lawful, immediately available
money of the United States or otherwise as hereinafter provided, at an initial exercise
price per share of $1.20 (the “Purchase Price”). The Purchase Price is subject to further
adjustment as provided in Section 4 below. The term “Common Stock” shall include, unless
the context otherwise requires, the stock and other securities and property at the time
receivable upon the exercise of this Warrant. The term “Warrant,” as used herein, shall
mean this Warrant and any other Warrants delivered in substitution or exchange therefor
as provided herein.  

        This
Warrant was issued in connection with a private placement (the “Offering”) of Series B
Preferred Stock of Beacon Enterprise Solutions Group, Inc., an Indiana corporation, and
warrants to purchase Common Stock of the Company.  

 
	 	
	 

        1.
Exercise. This Warrant may be exercised at any time or from time to time from and after
the Original Issuance Date and before 5:00 p.m., Eastern Time, on _________, 2013, on any
business day, for the full number of shares of Common Stock called for hereby, by
surrendering it at the principal office of the Company, at 124 N. First Street,
Louisville, Kentucky 40202 (the “Principal Office”), with the subscription form duly
executed, together with payment in an amount equal to (a) the number of shares of Common
Stock called for on the face of this Warrant, multiplied (b) by the Purchase Price.
Payment of the Purchase Price may be made by payment in immediately available funds. This
Warrant may be exercised for less than the full number of shares of Common Stock at the
time called for hereby, except that the number of shares receivable upon the exercise of
this Warrant as a whole, and the sum payable upon the exercise of this Warrant as a
whole, shall be proportionately reduced. Upon a partial exercise of this Warrant in
accordance with the terms hereof, this Warrant shall be surrendered, and a new Warrant of
the same tenor and for the purchase of the number of such shares not purchased upon such
exercise shall be issued by the Company to Holder without any charge therefor. A Warrant
shall be deemed to have been exercised immediately prior to the close of business on the
date of its surrender for exercise as provided above, and the person entitled to receive
the shares of Common Stock issuable upon such exercise shall be treated for all purposes
as the holder of such shares of record as of the close of business on such date. Within
two (2) business days after such date, the Company shall issue and deliver to the person
or persons entitled to receive the same a certificate or certificates for the number of
full shares of Common Stock issuable upon such exercise, together with cash, in lieu of
any fraction of a share, equal to such fraction of the then Fair Market Value on the date
of exercise of one full share of Common Stock.  

        ”Fair
Market Value” shall mean, as of any date: (i) if shares of the Common Stock are listed on
a national securities exchange, the average of the closing prices as reported for
composite transactions during the ten (10) consecutive trading days preceding the trading
day immediately prior to such date or, if no sale occurred on a trading day, then the
mean between the closing bid and asked prices on such exchange on such trading day; (ii)
if shares of the Common Stock are not so listed but are traded on the NASDAQ Global
Market (“NGM”), the average of the closing prices as reported on the NGM during the ten
(10) consecutive trading days preceding the trading day immediately prior to such date
or, if no sale occurred on a trading day, then the mean between the highest bid and
lowest asked prices as of the close of business on such trading day, as reported on the
NGM; or if applicable, the Nasdaq Capital Market (“NCM”), (iii) if not then included for
quotation on the NGM or the NCM, the average of the highest reported bid and lowest
reported asked prices as reported by the OTC Bulletin Board of the National Quotation
Bureau, as the case may be; or (iv) if the shares of the Common Stock are not then
publicly traded, the fair market price of the Common Stock as determined in good faith by
the independent members of the Board of Directors of the Company and the Holders of a
majority of the then outstanding Warrants.  

        2.
Shares Fully Paid; Payment of Taxes. All shares of Common Stock issued upon the exercise
of this Warrant shall be validly issued, fully paid and non-assessable, and the Company
shall pay all taxes and other governmental charges (other than income taxes to the
holder) that may be imposed in respect of the issue or delivery thereof.  

        3.
Transfer and Exchange. (a) Neither this Warrant nor the Common Stock to be issued upon
exercise hereof (the “Warrant Shares”) have been registered under the Act or any  

 
	 	
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state securities laws (“Blue Sky
Laws”). This Warrant has been acquired for investment purposes and not with a view to
distribution or resale and may not be pledged, hypothecated, sold, made subject to a
security interest, or otherwise transferred without: (i) an effective registration
statement for such Warrant under the Act and such applicable Blue Sky Laws; or (ii) an
opinion of counsel reasonably satisfactory to the Company that registration is not
required under the Act or under any applicable Blue Sky Laws.  

        (b)
Upon compliance with applicable federal and state securities laws as set forth in Section
3(a), above, this Warrant and all rights hereunder are transferable, in whole or in part,
on the books of the Company maintained for such purpose at its Principal Office by the
Holder in person or by duly authorized attorney, upon surrender of this Warrant together
with a completed and executed assignment form in the form attached hereto as Exhibit B,
and payment of any necessary transfer tax or other governmental charge imposed upon such
transfer. Upon any partial transfer, the Company will issue and deliver to the assignee a
new Warrant with respect to the shares of Common Stock for which it is exercisable that
have been transferred, and will deliver to the Holder a new Warrant or Warrants with
respect to the shares of Common Stock not so transferred. A Warrant may be transferred
only by the procedure set forth herein. No transfer shall be effective until such
transfer is recorded on the books of the Company, provided that such transfer is recorded
promptly by the Company, and until such transfer on such books, the Company shall treat
the registered Holder hereof as the owner of the Warrant for all purposes. 

        (c)
This Warrant is exchangeable at the Principal Office for two or more new Warrants, each
in the form of this Warrant, to purchase the same aggregate number of shares of Common
Stock, each new Warrant to represent the right to purchase such number of shares as the
Holder shall designate at the time of such exchange, but which shall not exceed the total
number of shares for which this Warrant may be from time to time exercisable. 

        (d)
Transfer of the Warrant Shares issued upon the exercise of this Warrant shall be
restricted in the same manner and to the same extent as the Warrant, and the certificates
representing such Warrant Shares shall bear substantially the following legend, until
such Warrant Shares have been registered under the Act or may be removed as otherwise
permitted under the Act: 

	  	
“THE
SHARES OF COMMON STOCK REPRESENTED BY THIS CERTIFICATE                   HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS                   AMENDED (THE “ACT”), OR
ANY APPLICABLE STATE SECURITIES LAW                   AND MAY NOT BE TRANSFERRED UNTIL
(i) A REGISTRATION STATEMENT                   UNDER THE ACT OR SUCH APPLICABLE STATE
SECURITIES LAWS SHALL                   HAVE BECOME EFFECTIVE WITH REGARD THERETO, OR
(ii) IN THE                   OPINION OF COUNSEL SATISFACTORY TO THE COMPANY,
REGISTRATION                   UNDER THE ACT OR SUCH APPLICABLE STATE SECURITIES LAWS IS
NOT                   REQUIRED IN CONNECTION WITH SUCH PROPOSED TRANSFER.” 

 
	 	
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        (e)
The Holder and the Company agree to execute such other documents and instruments as
counsel to the Company deems necessary to effect the compliance of the issuance of this
Warrant and any Warrant Shares issued upon exercise hereof with applicable federal and
state securities laws, including compliance with applicable exemptions from the
registration requirements of such laws. 

        4.
Anti-Dilution Provisions. The Purchase Price in effect at any time and the number and
kind of securities issuable upon conversion of this Warrant shall be subject to
adjustment from time to time upon the happening of certain events as follows:  

                A.
Adjustment for Stock Splits and Combinations. If the Company at any time or from time to
time on or after the date of Warrant issuance (the “Original Issuance Date”) effects a
subdivision of the outstanding Common Stock, the Purchase Price then in effect
immediately before that subdivision shall be proportionately decreased, and conversely,
if the Company at any time or from time to time on or after the Original Issuance Date
combines the outstanding shares of Common Stock into a smaller number of shares, the
Purchase Price then in effect immediately before the combination shall be proportionately
increased. Any adjustment under this Section 4(A) shall become effective at the close of
business on the date the subdivision or combination becomes effective.  

                B.
Adjustment for Certain Dividends and Distributions. If the Company at any time or from
time to time on or after the Original Issuance Date makes or fixes a record date for the
determination of holders of Common Stock entitled to receive, a dividend or other
distribution payable in additional shares of Common Stock, then and in each such event
the Purchase Price then in effect shall be decreased as of the time of such issuance or,
in the event such record date is fixed, as of the close of business on such record date,
by multiplying the Purchase Price then in effect by a fraction (1) the numerator of which
is the total number of shares of Common Stock issued and outstanding immediately prior to
the time of such issuance or the close of business on such record date and (2) the
denominator of which shall be the total number of shares of Common Stock issued and
outstanding immediately prior to the time of such issuance or the close of business on
such record date plus the number of shares of Common Stock issuable in payment of such
dividend or distribution; provided, however, that if such record date is fixed and such
dividend is not fully paid or if such distribution is not fully made on the date fixed
therefor, the Purchase Price shall be recomputed accordingly as of the close of business
on such record date and thereafter the Purchase Price shall be adjusted pursuant to this
Section 4(B) as of the time of actual payment of such dividends or distributions.  

                C.
Adjustments for Other Dividends and Distributions. In the event the Company at any time
or from time to time on or after the Original Issuance Date makes, or fixes a record date
for the determination of holders of Common Stock entitled to receive, a dividend or other
distribution payable in securities of the Company other than shares of Common Stock, then
and in each such event provision shall be made so that the Holders of Warrants shall
receive upon exercise thereof, in addition to the number of shares of Common Stock
receivable thereupon, the amount of securities of the Company which they would have
received had their Warrants been exercised into Common Stock on the date of such event
and had they thereafter, during the period from the date of such event to and including
the conversion date, retained such securities receivable by them as aforesaid during such
period, subject to all other adjustments  

 
	 	
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called for during such period under
this Section 4 with respect to the rights of the Holders of the Warrants.  

                D.
Adjustment for Reclassification, Exchange and Substitution. In the event that at any time
or from time to time on or after the Original Issuance Date, the Common Stock issuable
upon the exercise of the Warrants is changed into the same or a different number of
shares of any class or classes of stock, whether by recapitalization, reclassification or
otherwise (other than a subdivision or combination of shares or stock dividend or a
reorganization, merger, consolidation or sale of assets, provided for elsewhere in this
Section 4), then and in any such event each Holder of Warrants shall have the right
thereafter to exercise such Warrant to receive the kind and amount of stock and other
securities and property receivable upon such recapitalization, reclassification or other
change, by holders of the maximum number of shares of Common Stock for which such
Warrants could have been exercised immediately prior to such recapitalization,
reclassification or change, all subject to further adjustment as provided herein.  

                E.
Reorganizations, Mergers, Consolidations or Sales of Assets. If at any time or from time
to time on or after the Original Issuance Date there is a capital reorganization of the
Common Stock (other than a recapitalization, subdivision, combination, reclassification
or exchange of shares provided for elsewhere in this Section 4) or a merger or
consolidation of the Company with or into another corporation, or the sale of all or
substantially all of the Company’s properties and assets to any other person, then, as a
part of such reorganization, merger, consolidation or sale, provision shall be made so
that the Holders of the Warrants shall thereafter be entitled to receive upon exercise of
the Warrants the number of shares of stock or other securities or property to which a
holder of the number of shares of Common Stock deliverable upon conversion would have
been entitled on such capital reorganization, merger, consolidation, or sale. In any such
case, appropriate adjustment shall be made in the application of the provisions of this
Section 4 with respect to the rights of the Holders of the Warrants after the
reorganization, merger, consolidation or sale to the end that the provisions of this
Section 4 (including adjustment of the Purchase Price then in effect and the number of
shares to be received upon exercise of the Warrants) shall be applicable after that event
and be as nearly equivalent as may be practicable.  

                F.
No Adjustments in Certain Circumstances. No adjustment in the Purchase Price shall be
required unless such adjustment would require an increase or decrease of at least one
($0.01) cent in such price; provided, however, that any adjustments which by reason of
this Section 4(G) are not required to be made shall be carried forward and taken into
account in any subsequent adjustment required to be made hereunder. All calculations
under this Section 4(G) shall be made to the nearest cent or to the nearest one-hundredth
of a share, as the case may be.  

        5.
Notices of Record Date. In case:  

                A.
the Company shall take a record of the holders of its Common Stock (or other stock or
securities at the time receivable upon the exercise of the Warrants) for the purpose of
entitling them to receive any dividend or other distribution, or any right to subscribe
for or purchase any shares of stock of any class or any other securities, or to receive
any other right, or 

 
	 	
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                B.
of any capital reorganization of the Company, any reclassification of the capital stock
of the Company, any consolidation or merger of the Company with or into another
corporation, or any conveyance of all or substantially all of the assets of the Company
to another corporation, or 

                C.
of any voluntary dissolution, liquidation or winding-up of the Company; then, and in each
such case, the Company will mail or cause to be mailed to each holder of a Warrant at the
time outstanding a notice specifying, as the case may be, (a) the date on which a record
is to be taken for the purpose of such dividend, distribution or right, and stating the
amount and character of such dividend, distribution or right, or (b) the date on which
such reorganization, reclassification, consolidation, merger, conveyance, dissolution,
liquidation or winding-up is expected to take place, and the time, if any is to be fixed,
as of which the holders of record of Common Stock (or such stock or securities at the
time receivable upon the exercise of the Warrants) shall be entitled to exchange their
shares of Common Stock (or such other stock or securities) for securities or other
property deliverable upon such reorganization, reclassification, consolidation, merger,
conveyance, dissolution, liquidation or winding-up, such notice shall be mailed at least
ten (10) days prior to the date therein specified. 

        6.
Loss or Mutilation. Upon receipt by the Company of evidence satisfactory to it (in the
exercise of reasonable discretion) of the ownership of and the loss, theft, destruction
or mutilation of any Warrant and (in the case of loss, theft or destruction) of indemnity
satisfactory to it (in the exercise of reasonable discretion), and (in the case of
mutilation) upon surrender and cancellation thereof, the Company will execute and deliver
in lieu thereof a new Warrant of like tenor.  

        7.
Reservation of Common Stock. The Company shall at all times reserve and keep available
for issue upon the exercise of Warrants such number of its authorized but unissued shares
of Common Stock as will be sufficient to permit the exercise in full of all outstanding
Warrants. All of the shares of Commons Stock issuable upon the exercise of the rights
represented by this Warrant will, upon issuance and receipt of the Purchase Price
therefor, be fully paid and nonassessable, and free from all preemptive rights, rights of
first refusal or first offer, taxes, liens and charges of whatever nature, with respect
to the issuance thereof.  

        8.
No Rights as Stockholder Conferred by Warrants. The Warrant shall not entitle the Holder
hereof to any of the rights, either at law or in equity, of a stockholder of the Company.
The Holder shall, upon the exercise thereof, not be entitled to any dividend that may
have accrued or which may previously have been paid with respect to shares of stock
issuable upon the exercise of the Warrant, except as may otherwise be provided in Section
4 hereof.  

        9.
Notices. All notices and other communications from the Company to the Holder of this
Warrant shall be mailed by first class, registered or certified mail, postage prepaid,
and/or a nationally recognized overnight courier service to the address furnished to the
Company in writing by the Holder.  

        10.
Change; Modifications; Waiver. No terms of this Warrant may be amended, waived or
modified except by the express written consent of the Company and the holders of not  

 
	 	
-6-	 

less than 50.1% of the shares of
Common Stock then issuable under outstanding Warrants issued in connection with the
Offering. 

        11.
Endorsement of Warrants. The Warrant when presented or surrendered for exchange, transfer
or registration shall be accompanied (if so required by the Company) by an assignment in
the form attached hereto as Exhibit B or such other written instrument of transfer, in
form satisfactory to the Company, duly executed by the registered Holder or by his duly
authorized attorney.  

        12.
Agreement of Warrant Holders. The Holder, and to the extent that portions of this Warrant
are assigned and there is more than one Holder of warrants exercisable for the Warrant
Shares, every holder of a Warrant, by accepting the same, consents and agrees with the
Company and with all other Warrant holders that: (a) the Warrants are transferable only
as permitted by Section 3 above; (b) the Warrants are transferable only on the registry
books of the Company as herein provided; and (c) the Company may deem and treat the
person in whose name the Warrant certificate is registered as the absolute owner thereof
and of the Warrants evidenced thereby for all purposes whatsoever, and the Company shall
not be affected by any notice to the contrary,  

        13.
Payment of Taxes. The Company will pay all stamp, transfer and other similar taxes
payable in connection with the original issuance of this Warrant and the shares of Common
Stock issuable upon exercise thereof, provided, however, that the Company shall not be
required to (i) pay any such tax which may be payable in respect of any transfer
involving the transfer and delivery of this Warrant or the issuance or delivery of
certificates for shares of Common Stock issuable upon exercise thereof in a name other
than that of the registered Holder of this Warrant or (ii) issue or deliver any
certificate for shares of Common Stock upon the exercise of this Warrant until any such
tax required to be paid under clause (i) shall have been paid, all such tax being payable
by the holder of this Warrant at the time of surrender.  

        14.
Fractional Interest. The Company shall not be required to issue fractional shares of
Common Stock on the exercise of this Warrant. If more than one Warrant shall be presented
for exercise at the same time by the Holder, the number of full shares of Common Stock
which shall be issuable upon such exercise shall be computed on the basis of the
aggregate number of shares of Common Stock acquirable on exercise of the Warrants so
presented. If any fraction of a share of Common Stock would, except for the provisions of
this Section 15, be issuable on the exercise of any Warrant (or specified portion
thereof), the Company shall pay an amount in cash calculated by it to be equal to the
Purchase Price per share multiplied by such fraction computed to the nearest whole cent.
The Holder by his acceptance of this Warrant expressly waives any and all rights to
receive any fraction of a share of Common Stock or a stock certificate representing a
fraction of a share of Common Stock.  

        15.
Entire Agreement. This Warrant constitutes the full and entire understanding and
agreement among the parties with regard to the subject matter hereof and no party shall
be liable or bound to any other party in any manner by any representations, warranties,
covenants or agreements except as specifically set forth herein.  

 
	 	
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        16.
Successors and Assigns. All covenants and provisions of this Warrant by or for the
benefit of the Company or the Holder of this Warrant shall bind and inure to the benefit
of their respective successors, permitted assigns, heirs and personal representatives.  

        17.
Termination. This Warrant shall terminate at 5:00 p.m., Eastern Time, on the Expiration
Date or upon such earlier date on which all of this Warrant has been exercised (the
“Termination Date”).  

        18.
Headings. The headings in this Warrant are for purposes of convenience in reference only,
and shall not be deemed to constitute a part hereof.  

        19.
Governing Law, Etc. This Agreement shall be governed by and construed exclusively in
accordance with the internal laws of the State of New York without regard to the
conflicts of laws principles thereof. The parties hereto hereby irrevocably agree that
any suit or proceeding arising directly and/or indirectly pursuant to or under this
Agreement, shall be brought solely in a federal or state court located in the City,
County and State of New York. By its execution hereof, the parties hereby covenant and
irrevocably submit to the in personam jurisdiction of the federal and state courts
located in the City, County and State of New York and agree that any process in any such
action may be served upon any of them personally, or by certified mail or registered mail
upon them or their agent, return receipt requested, with the same full force and effect
as if personally served upon them in New York City. The parties hereto waive any claim
that any such jurisdiction is not a convenient forum for any such suit or proceeding and
any defense or lack of in personam jurisdiction with respect thereto. In the event of any
such action or proceeding, the party prevailing therein shall be entitled to payment from
the other party hereto of all of its reasonable legal fees and expenses.  

Remainder of Page
Intentionally Left Blank  

 
	 	
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WARRANT SIGNATURE
PAGE  

Dated: _________, 2008 

	   	BEACON ENTERPRISE SOLUTIONS GROUP,
INC.  
	 	 
	 	By:   _____________________

      Name: Bruce Widener 

       Title:
Chief Executive Officer

 
	 	
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EXHIBIT A 

SUBSCRIPTION FORM  

(To be executed only
upon exercise of Warrant)  

        The
undersigned registered owner of this Warrant irrevocably exercises this Warrant and
purchases _______ shares of the Common Stock of Beacon Enterprise Solutions Group, Inc.
purchasable with this Warrant, and herewith makes payment therefor (either in cash or
pursuant to the cashless exercise provisions set forth in Section 1 of the Warrant), all
at the price and on the terms and conditions specified in this Warrant.  

Dated: ____________________ 

	   	
      _________________________________ 

        (Signature of Registered Owner) 

      

	 	 
	 	_________________________________ 

      (Street Address)
      
	 	 
	 	_________________________________ 

      (City / State / Zip Code) 
      

 

 

   

	 	
A-1	 

EXHIBIT B 

FORM OF ASSIGNMENT  

        FOR
VALUE RECEIVED the undersigned registered owner of this Warrant hereby sells, assigns and
transfers unto the Assignee named below all of the rights of the undersigned under the
within Warrant, with respect to the number of shares of Common Stock set forth below:  

	Name of Assignee	  	Address	  	Number of Shares

and does hereby irrevocably
constitute and appoint __________________________ Attorney to make such transfer on the
books of Beacon Enterprise Solutions Group, Inc., maintained for the purpose, with full
power of substitution in the premises. 

Dated: ____________________ 

	   	
      _________________________________ 

        (Signature) 

      

	 	 
	 	_________________________________ 

      (Witness) 
      

        The
undersigned Assignee of the Warrant hereby makes to Beacon Enterprise Solutions Group,
Inc., as of the date hereof, with respect to the Assignee, all of the representations and
warranties made by the Holder, and the undersigned Assignee agrees to be bound by all the
terms and conditions of the Warrant. 

Dated: ____________________ 

	   	
      _________________________________ 

        (Signature) 

      

 
	 	B-1exhibit42.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing

Exhibit 4.2

THE WARRANTS REPRESENTED BY THIS CERTIFICATE AND THE SECURITIES THAT MAY BE ISSUED UPON EXERCISE OF THE WARRANTS HAVE NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE AND HAVE BEEN ISSUED IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS.

BEACON ENTERPRISE SOLUTIONS GROUP, INC.

	Warrant No. [__]	Dated: [__________], 2008

     Beacon Enterprise Solutions Group, Inc., a Nevada corporation (the “Company”), hereby certifies that, for value received, [Name of Holder] or its registered assigns (the “Holder”), is entitled to purchase from the Company up to a total of [_____]shares of common stock, $0.001 par value per share (the “Common Stock”), of the Company (each such share, a “Warrant Share” and all such shares issuable under the warrants, the “Warrant Shares”) at an exercise price equal to the $1.00 per share (as adjusted from time to time as provided in Section 9, the “Exercise Price”), at any time and from the date hereof and through and including the date that is five (5) years from the date of issuance hereof (the “Expiration Date”), and subject to the following terms and conditions. This Warrant (“Warrant”) is one of a series of similar
warrants issued pursuant to that certain Subscription Agreement, dated as of [________], 2008, by and among the Company and the Investors identified therein (the “Subscription Agreement”). All such warrants are referred to herein, collectively, as the “Warrants” and the holders thereof along with the Holder named herein, the “Holders.”

     1. Definitions. In addition to the terms defined elsewhere in this Warrant, capitalized terms that are not otherwise defined herein have the meanings given to such terms in the Subscription Agreement.

     2. Registration of Warrant. The Company shall register this Warrant, upon records to be maintained by the Company for that purpose (the “Warrant Register”), in the name of the record Holder hereof from time to time. The Company may deem and treat the registered Holder of this Warrant as the absolute owner hereof for the purpose of any exercise hereof or any distribution to the Holder, and for all other purposes, absent actual notice to the contrary.

     3. Registration of Transfers. The Company shall register the transfer of any portion of this Warrant in the Warrant Register, upon surrender of this Warrant, with the Form of Assignment attached hereto duly completed and signed, to the Company’s transfer agent or to the Company at its address specified herein. Upon any such registration or transfer, a new warrant to purchase Common Stock, in substantially the form of this Warrant (any such new warrant, a “New Warrant”), evidencing the portion of this Warrant so transferred shall be issued to the transferee and a New Warrant evidencing the remaining portion of this Warrant not so transferred, if any, shall be issued to the transferring Holder. The acceptance of the New Warrant by the transferee thereof shall be deemed the acceptance by such transferee of all of the rights and obligations of a holder of a Warrant.

     4. Exercise and Duration of Warrants.

          (a) This Warrant shall be exercisable by the registered Holder at any time and from time to time on or after the date hereof to and including the Expiration Date. At 6:30 P.M., New York City time on the Expiration Date, the portion of this Warrant not exercised prior thereto shall be and become void and of no value.

          (b) A Holder may exercise this Warrant by delivering to the Company (i) an exercise notice, in the form attached hereto (the “Exercise Notice”), appropriately completed and duly signed, and (ii) payment of the Exercise Price for the number of Warrant Shares as to which this Warrant is being exercised (which may take the form of a “cashless exercise” if so indicated in the Exercise Notice only if a “cashless exercise” may occur at such time pursuant to Section 10 below), and the date such items are delivered to the Company (as determined in accordance with the notice provisions hereof) is an “Exercise Date.” The Holder shall not be required to deliver the original Warrant in order to effect an exercise hereunder. Execution and delivery of the Exercise Notice shall have the same effect as cancellation of the original Warrant and issuance of a New Warrant evidencing the right to
purchase the remaining number of Warrant Shares.

          (c) Exercise Disputes. In the case of any dispute with respect to the number of shares to be issued upon exercise of this Warrant, the Company shall promptly issue such number of shares of Common Stock that is not disputed and shall submit the disputed determinations or arithmetic calculations to the Holder via fax (or, it the Holder has not provided the Company with a fax number, by overnight courier) within two (2) Business Days of receipt of the Holder’s election to purchase Warrant Shares. If the Holder and the Company are unable to agree as to the determination of the Purchase Price within two (2) Business Days of such disputed determination or arithmetic calculation being submitted to the Holder, then the Company shall in accordance with this Section, submit via facsimile the disputed determination to an independent reputable accounting firm of national standing, selected jointly by the Company and the Holder.
The Company shall cause such accounting firm to perform the determinations or calculations and notify the Company and the Holder of the results as promptly as possible from the time it receives the disputed determinations of calculations. Such accounting firm’s determination shall be binding upon all parties absent manifest error. The Company shall then on the next Business Day issue certificate(s) representing the appropriate number of Warrant Shares of Common Stock in accordance with such accounting firm’s

2

determination and this Section. The prevailing party shall be entitled to reimbursement of all fees and expenses of such determination and calculation.

     5. Delivery of Warrant Shares.

          (a) Upon exercise of this Warrant, the Company shall promptly (but in no event later than five Trading Days after the Exercise Date) issue or cause to be issued and cause to be delivered to or upon the written order of the Holder and in such name or names as the Holder may designate, a certificate for the Warrant Shares to which the Holder is entitled upon such exercise, free of restrictive legends unless a registration statement covering the resale of the Warrant Shares and naming the Holder as a selling stockholder thereunder is not then effective and the Warrant Shares are not freely transferable pursuant to Rule 144 under the Securities Act of 1933, as amended. The Company shall, upon request of the Holder, use its best efforts to deliver Warrant Shares hereunder electronically through the Depository Trust Corporation or another established clearing corporation performing similar functions. For the purposes hereof, the term
“Trading Day” means (a) any day on which the Common Stock is listed or quoted and traded on its primary trading market, (b) if the Common Stock is not then listed or quoted and traded on any trading market, then a day on which trading occurs on the Nasdaq Global Market (or any successor thereto), or (c) if trading ceases to occur on the Nasdaq Global Market (or any successor thereto), any Business Day.

          (b) This Warrant is exercisable, either in its entirety or, from time to time, for a portion of the number of Warrant Shares. Upon surrender of this Warrant following one or more partial exercises, the Company shall issue or cause to be issued, at its expense, a New Warrant evidencing the right to purchase the remaining number of Warrant Shares.

          (c) Intentionally Omitted.

          (d) The Company’s obligations to issue and deliver Warrant Shares in accordance with the terms hereof are absolute and unconditional, irrespective of any action or inaction by the Holder to enforce the same, any waiver or consent with respect to any provision hereof, the recovery of any judgment against any Person or any action to enforce the same, or any setoff, counterclaim, recoupment, limitation or termination, or any breach or alleged breach by the Holder or any other Person of any obligation to the Company or any violation or alleged violation of law by the Holder or any other Person, and irrespective of any other circumstance which might otherwise limit such obligation of the Company to the Holder in connection with the issuance of Warrant Shares. Nothing herein shall limit a Holder’s right to pursue any other remedies available to it hereunder, at law or in equity including, without limitation, a decree of
specific performance and/or injunctive relief with respect to the Company’s failure to timely deliver certificates representing shares of Common Stock upon exercise of the Warrant as required pursuant to the terms hereof.

     6. Charges, Taxes and Expenses. Issuance and delivery of certificates for shares of Common Stock upon exercise of this Warrant shall be made without charge to the Holder for any issue or transfer tax, withholding tax, transfer agent fee or other incidental tax or expense in respect of the issuance of such certificates, all of which taxes and expenses shall be paid by the Company; provided, however, that the Company shall not be required to pay any tax which may

3

be payable in respect of any transfer involved in the registration of any certificates for Warrant Shares or Warrants in a name other than that of the Holder. The Holder shall be responsible for all other tax liability that may arise as a result of holding or transferring this Warrant or receiving Warrant Shares upon exercise hereof.

     7. Replacement of Warrant. If this Warrant is mutilated, lost, stolen or destroyed, the Company shall issue or cause to be issued in exchange and substitution for and upon cancellation hereof, or in lieu of and substitution for this Warrant, a New Warrant, but only upon receipt of evidence reasonably satisfactory to the Company of such loss, theft or destruction and customary and reasonable bond or indemnity, if requested. Applicants for a New Warrant under such circumstances shall also comply with such other reasonable regulations and procedures and pay such other reasonable third-party costs as the Company may prescribe.

     8. Reservation of Warrant Shares. The Company covenants that it will at all times reserve and keep available out of the aggregate of its authorized but unissued and otherwise unreserved Common Stock, solely for the purpose of enabling it to issue Warrant Shares upon exercise of this Warrant as herein provided, 100% of the number of Warrant Shares which are then issuable and deliverable upon the exercise of this entire Warrant, free from preemptive rights or any other contingent purchase rights of persons other than the Holder (after giving effect to the adjustments and restrictions of Section 9, if any). The Company covenants that all Warrant Shares so issuable and deliverable shall, upon issuance and the payment of the applicable Exercise Price in accordance with the terms hereof, be duly and validly authorized, issued and fully paid and nonassessable. The Company will take all such action as may be necessary to assure that such shares of
Common Stock may be issued as provided herein without violation of any applicable law or regulation, or of any requirements of any securities exchange or automated quotation system upon which the Common Stock may be listed.

     9. Certain Adjustments. The Exercise Price and number of Warrant Shares issuable upon exercise of this Warrant are subject to adjustment from time to time as set forth in this Section 9.

          (a) Stock Dividends and Splits. If the Company, at any time while this Warrant is outstanding, (i) pays a stock dividend on its Common Stock or otherwise makes a distribution on any class of capital stock that is payable in shares of Common Stock, (ii) subdivides outstanding shares of Common Stock into a larger number of shares, or (iii) combines outstanding shares of Common Stock into a smaller number of shares, then in each such case the Exercise Price shall be multiplied by a fraction of which the numerator shall be the number of shares of Common Stock outstanding immediately before such event and of which the denominator shall be the number of shares of Common Stock outstanding immediately after such event. Any adjustment made pursuant to clause (i) of this paragraph shall become effective immediately after the record date for the determination of stockholders entitled to receive such dividend or distribution, and any
adjustment pursuant to clause (ii) or (iii) of this paragraph shall become effective immediately after the effective date of such subdivision or combination.

          (b) Distributions Made Prior to Exercise. If the Company, at any time while this Warrant is outstanding, distributes to all of the holders of Common Stock (i) evidences of its indebtedness, (ii) any security (other than a distribution of Common Stock covered by Section

4

9(a)), (iii) rights or warrants to subscribe for or purchase any security, or (iv) any other asset (in each case, a “Distribution”), then in each such case any Exercise Price in effect immediately prior to the close of business on the record date fixed for the determination of holders of Common Stock entitled to receive the Distribution shall be reduced, effective as of the close of business on such record date, to a price determined by multiplying such Exercise Price by a fraction of which (i) the numerator shall be the Weighted Average Price1 of the Common Stock on the Trading Day immediately preceding such record date minus the value of the Distribution (as determined in good faith by the Company’s Board of Directors) applicable to one share of Common Stock, and (ii) the denominator shall be the Weighted Average Price of the Common Stock on the Trading Day immediately preceding such record date.

          (c) Notwithstanding the provisions set forth in Section 9(b) above, if the Company, at any time while this Warrant is outstanding, makes a Distribution to the holders of Common Stock, then in each such case the Holder shall have the option to receive such Distribution which would have been made to the Holder had such Holder been the holder of such Warrant Shares on the record date for the determination of stockholders entitled to such Distribution; provided, however, if the Holder elects to receive such Distribution, it will not be entitled to receive the adjustment to the Exercise Price specified in clause (b) above.

          (d) Fundamental Transactions. If, at any time during the term of this Warrant, (i) the Company effects any merger or consolidation of the Company with or into (whether or not the Company is the surviving corporation) another Person, (ii) the Company effects any sale, assignment, transfer, conveyance or other disposition of all or substantially all of its assets in one or a series of related transactions; provided, however, that for avoidance of doubt, the granting of a lien on all or substantially all of the Company’s assets as collateral shall not be deemed a Fundamental Transaction hereunder, (iii) allow another Person to make a purchase, tender or exchange offer that is accepted by the holders of more than the 50% of either the outstanding shares of Common Stock (not including any shares of Common Stock held by the Person or Persons making or party to, or associated or affiliated with the Persons making or party
to, such purchase, tender or exchange offer), (iv) consummate a stock purchase agreement or other business combination (including, without limitation, a reorganization, recapitalization, spin-off or scheme of arrangement) with another Person whereby such other Person acquires more than the 50% of the outstanding shares of Common Stock (not including any shares of Common Stock held by the other Person or other Persons making or party to, or associated or affiliated with the other Persons making or party to, such stock purchase agreement or other business

1 “Weighted Average Price” means, for any security as of any date, the dollar volume-weighted average price for such security on NASDAQ during the period beginning at 9:30:01 a.m., New York Time (or such other time as NASDAQ publicly announces is the official open of trading), and ending at 4:00:00 p.m., New York Time (or such other time as NASDAQ publicly announces is the official close of trading) as reported by Bloomberg (means Bloomberg Financial Markets) through its “Volume at Price” functions, or, if the foregoing does not apply, the dollar volume-weighted average price of such security in the over-the-counter market on the electronic bulletin board for such security during the period beginning at 9:30:01 a.m., New York Time (or such other time as such Principal Market publicly announces is the official open of trading), and ending at 4:00:00 p.m., New York Time (or such other time as such market publicly announces is the official
close of trading) as reported by Bloomberg, if no dollar volume-weighted average price is reported for such security by Bloomberg for such hours, the average of the highest closing bid price and the lowest closing ask price of any of the market makers for such security as reported in the “pink sheets” by Pink Sheets LLC (formerly the National Quotation Bureau, Inc.). If the Weighted Average Price cannot be calculated for a security on a particular date on any of the foregoing bases, the Weighted Average Price of such security on such date shall be the fair market value as mutually determined by the Company in good faith. All such determinations shall be appropriately adjusted for any share dividend, share split, share combination or other similar transaction during the applicable calculation period. 
5

combination), or (v) the Company effects any reclassification of the Common Stock or any compulsory share exchange pursuant to which the Common Stock is effectively converted into or exchanged for other securities, cash or property (other than as a result of a subdivision or combination of shares of Common Stock covered by Section 9(a) above) (in any such case, a “Fundamental Transaction”), then the Holder shall have the right thereafter to receive, upon exercise of this Warrant, the same amount and kind of securities, cash or property as it would have been entitled to receive upon the occurrence of such Fundamental Transaction if it had been, immediately prior to such Fundamental Transaction, the holder of the number of Warrant Shares then issuable upon exercise in full of this Warrant (the “Alternate Consideration”). The aggregate Exercise Price for this Warrant will not be affected by any such Fundamental Transaction, but the Company shall
apportion such aggregate Exercise Price among the Alternate Consideration in a reasonable manner reflecting the relative value of any different components of the Alternate Consideration. If holders of Common Stock are given any choice as to the securities, cash or property to be received in a Fundamental Transaction, then the Holder shall be given the same choice as to the Alternate Consideration it receives upon any exercise of this Warrant following such Fundamental Transaction. At the Holder’s request, any successor to the Company or surviving entity in such Fundamental Transaction shall issue to the Holder a new warrant consistent with the foregoing provisions and evidencing the Holder’s right to purchase the Alternate Consideration for the aggregate Exercise Price upon exercise thereof. The terms of any agreement pursuant to which a Fundamental Transaction is effected shall include terms requiring any such successor or surviving entity to comply with the provisions of this paragraph (d)
and insuring that the Warrant (or any such replacement security) will be similarly adjusted upon any subsequent transaction analogous to a Fundamental Transaction.

          (e) Weighted Average Anti-Dilution Price Protection. The Exercise Price of Warrant Shares (or any shares of stock or other securities which may be) issuable upon the exercise of this Warrant shall be subject to adjustment from time to time, as follows:

	  	        (1) “New Securities” shall mean any Common Stock or preferred stock of Company issued during the term of this Warrant, whether now authorized or not, and rights, options or warrants to purchase said Common Stock or preferred stock, and securities of any type whatsoever that are, or may become, convertible into said Common Stock or preferred stock (including but not limited to convertible debt or any other instrument exercisable for or convertible into Common Stock); provided, however, that “New Securities” does not include (i) any securities issued or issuable pursuant to any of the notes, options, warrants or other securities outstanding as of the date of the closing of the offering pursuant to the Subscription Agreement, including all Warrants; (ii) the issuance or sale of any shares of capital stock, or the grant of options exercisable therefor, issued or issuable after
the date of this Warrant, to directors, officers, employees, advisers and consultants of the Company or any subsidiary pursuant to any incentive or non- qualified stock option plan or agreement, stock purchase plan or agreement, stock restriction agreement or restricted stock plan, employee stock ownership plan (ESOP), consulting agreement, stock appreciation right (SAR), stock depreciation right (SDR), bonus stock arrangement, or such other similar compensatory options, issuances, arrangements, agreements or plans approved by the Board of Directors of the Company; (iii) upon the issuance of any shares of capital stock or the grant of warrants or options (or the exercise thereof) as consideration for mergers, acquisitions, strategic alliances and

6

	 	other commercial transactions, other than in connection with a financing transaction or (iv) shares of Company's Common Stock issued in connection with any stock split, stock dividend, or recapitalization by Company.

	 	       (2) In the event that Company issues New Securities for a consideration of less than the Exercise Price (as adjusted per this Section 9 hereof), or if the Exercise Price shall have been adjusted hereunder, and the Company issues New Securities for a purchase price below the adjusted Exercise Price, then the then-current Exercise Price shall be adjusted downward to a price determined by dividing

	 	       i. the sum of (w) the Exercise Price in effect before the issuance of such New Securities multiplied by the number of shares of the Company’s Common Stock then issued and outstanding and (x) the consideration, if any, received by or deemed to have been received by the Company on the issue of such New Securities by:

	 	       ii. the sum of (y) the number of shares of the Company’s Common Stock then issued and outstanding immediately prior to the issuance of such New Securities and (z) the number of Additional Shares of Common Stock issued or deemed to have been issued in the issuance of such New Securities.

	 	       (3) In the case of the issuance of Common Stock for cash, the consideration shall be deemed to be the amount of cash paid. 

	 	       (4) In the case of the issuance of Common Stock for a consideration in whole or in part other than cash, the consideration other than cash shall be deemed to be the fair value thereof as reasonably determined by the Company’s board of directors consistent with its fiduciary duties irrespective of any accounting treatment.

	 	       (5) The Company will not by reorganization, transfer of assets, consolidation, merger, dissolution, or otherwise, avoid or seek to avoid observance or performance of any of the terms of this Section 9, but will at all times in good faith assist in the carrying out and performance of all provisions of this Section 9 in order to protect the rights of the Holder against impairment.

          (f) Number of Warrant Shares. Simultaneously with any adjustment to the Exercise Price pursuant to paragraph (a) of this Section, the number of Warrant Shares that may be purchased upon exercise of this Warrant shall be increased or decreased proportionately, as applicable, so that after such adjustment the aggregate Exercise Price payable hereunder for the increased or decreased, as applicable, number of Warrant Shares shall be the same as the aggregate Exercise Price in effect immediately prior to such adjustment.

         (g) Calculations. All calculations under this Section 9 shall be made to the nearest cent or the nearest 1/100th of a share, as applicable. The number of shares of Common Stock outstanding at any given time shall not include shares owned or held by or for the account of the Company, and the disposition of any such shares shall be considered an issue or sale of Common Stock.

7

          (h) Notice of Adjustments. Upon the occurrence of each adjustment pursuant to this Section 9, the Company at its expense will promptly compute such adjustment in accordance with the terms of this Warrant
and prepare a certificate setting forth such adjustment, including a statement of the adjusted Exercise Price and adjusted number or type of Warrant Shares or other securities issuable upon exercise of this Warrant (as applicable), describing the
transactions giving rise to such adjustments and showing in detail the facts upon which such adjustment is based. Upon written request, the Company will promptly deliver a copy of each such certificate to the Holder and to the Company’s
Transfer Agent.

          (i) Notice of Corporate Events. If the Company (i) declares a dividend or any other distribution of cash, securities or other property in respect of its Common Stock, including without limitation any granting of
rights or warrants to subscribe for or purchase any capital stock of the Company or any Subsidiary, (ii) authorizes or approves, enters into any agreement contemplating or solicits stockholder approval for any Fundamental Transaction or (iii)
authorizes the voluntary dissolution, liquidation or winding up of the affairs of the Company, then the Company shall deliver to the Holder a notice describing the material terms and conditions of such transaction, at least ten calendar days prior
to the applicable record or effective date on which a Person would need to hold Common Stock in order to participate in or vote with respect to such transaction, and the Company will take all steps reasonably necessary in order to insure that the
Holder is given the practical opportunity to exercise this Warrant prior to such time so as to participate in or vote with respect to such transaction; provided, however, that the failure to deliver such notice or any defect therein shall not affect
the validity of the corporate action required to be described in such notice.

     10. Payment of Exercise Price. The Holder shall pay the Exercise Price in immediately available funds (a “cash exercise”); provided, however, that if at any time after the date that is six (6) months
after the date of this Warrant (the “Required Effective Date”) a Registration Statement covering the resale of the Warrant Shares is not effective on the Exercise Date, or no current prospectus under such Registration Statement is
available, the Holder may satisfy its obligation to pay the Exercise Price through a “cashless exercise,” in which event the Company shall issue to the Holder the number of Warrant Shares determined as follows:

	

             where:	
      X = Y [(A-B)/A]

      
X = the number of Warrant Shares to be issued to the Holder.

      
Y = the number of Warrant Shares with respect to which this 

        Warrant is being exercised (prior to cashless exercise).

      
A = the average of the Closing Prices for the five Trading Days

         immediately prior to (but not including) the Exercise Date.

      
B = the Exercise Price.

    

     For purposes of this Section 10, “Closing Prices” for any date, shall mean the closing price per share of the Common Stock for such date (or the nearest preceding date) on the primary trading market on which
the Common Stock is then listed or quoted.

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

     11. Limitation on Exercise. Notwithstanding anything to the contrary contained herein, the number of shares of Common Stock that may be acquired by the Holder upon any exercise of this Warrant (or otherwise in
respect hereof) shall be limited to the extent necessary to insure that, following such exercise (or other issuance), the total number of shares of Common Stock then beneficially owned by such Holder and its Affiliates and any other Persons whose
beneficial ownership of Common Stock would be aggregated with the Holder’s for purposes of Section 13(d) of the Exchange Act, does not exceed 4.999% (the “Maximum Percentage”) of the total number of issued and outstanding
shares of Common Stock (including for such purpose the shares of Common Stock issuable upon such exercise). For such purposes, beneficial ownership shall be determined in accordance with Section 13(d) of the Exchange Act and the rules and
regulations promulgated thereunder. The Company’s obligation to issue shares of Common Stock in excess of the limitation referred to in this Section shall be suspended (and shall not terminate or expire notwithstanding any contrary provisions
hereof) until such time, if any, as such shares of Common Stock may be issued in compliance with such limitation, but in no event later than the Expiration Date. By written notice to the Company, the Holder may waive the provisions of this Section
or increase or decrease the Maximum Percentage to any other percentage specified in such notice, but (i) any such waiver or increase will not be effective until the 61st day after such notice is delivered to the Company, and (ii) any such waiver or
increase or decrease will apply only to the Holder and not to any other holder of Warrants.

     12. Fractional Shares. The Company shall not be required to issue or cause to be issued fractional Warrant Shares on the exercise of this Warrant. If any fraction of a Warrant Share would, except for the
provisions of this Section, be issuable upon exercise of this Warrant, the number of Warrant Shares to be issued will be rounded up to the nearest whole share.

     13. Notices. Any and all notices or other communications or deliveries hereunder (including without limitation any Exercise Notice) shall be in writing and shall be deemed given and effective on the earliest of
(i) the date of transmission, if such notice or communication is delivered via facsimile at the facsimile number specified in the Subscription Agreement prior to 6:30 p.m. (New York City time) on a Trading Day, (ii) the next Trading Day after the
date of transmission, if such notice or communication is delivered via facsimile at the facsimile number specified in the Subscription Agreement on a day that is not a Trading Day or later than 6:30 p.m. (New York City time) on any Trading Day,
(iii) the Trading Day following the date of mailing, if sent by nationally recognized overnight courier service, or (iv) upon actual receipt by the party to whom such notice is required to be given. The address for such notices or communications
shall be as set forth in the Subscription Agreement.

     14. Warrant Agent. The Company shall serve as warrant agent under this Warrant. Upon 30 days’ notice to the Holder, the Company may appoint a new warrant agent. Any corporation into which the Company or any
new warrant agent may be merged or any corporation resulting from any consolidation to which the Company or any new warrant agent

9

shall be a party shall be a successor warrant agent under this Warrant without any further act. Any such successor warrant agent shall promptly cause notice of its succession as warrant agent to be mailed (by first class mail, postage prepaid) to
the Holder at the Holder’s last address as shown on the Warrant Register.

     15. Registration of Warrant Shares. The Warrant Shares shall be entitled to registration rights as set forth in the Registration Rights Agreement which has been executed in connection with the Subscription
Agreement.

     16. Miscellaneous.

          (a) Subject to the restrictions on transfer set forth on the first page hereof, this Warrant may be assigned by the Holder. This Warrant may not be assigned by the Company, except to a successor in the event of a
Fundamental Transaction. This Warrant shall be binding on and inure to the benefit of the parties hereto and their respective successors and assigns. Subject to the preceding sentence, nothing in this Warrant shall be construed to give to any Person
other than the Company and the Holder any legal or equitable right, remedy or cause of action under this Warrant.

          (b) The Company will not, by amendment of its governing documents or through any reorganization, transfer of assets, consolidation, merger, dissolution, issue or sale of securities or any other voluntary action, seek to
call or redeem this Warrant or avoid or seek to avoid the observance or performance of any of the terms of this Warrant, but will at all times in good faith assist in the carrying out of all such terms and in the taking of all such action as may be
necessary or appropriate in order to protect the rights of the Holder against dilution or other impairment. Without limiting the generality of the foregoing, the Company (i) will not increase the par value of any Warrant Shares above the amount
payable therefor on such exercise, (ii) will take all such action as may be reasonably necessary or appropriate in order that the Company may validly and legally issue fully paid and nonassessable Warrant Shares, free from all taxes, liens, security
interests, encumbrances, preemptive or similar rights and charges of stockholders (other than those imposed by the Holders), on the exercise of the Warrant, and (iii) will not close its stockholder books or records in any manner which interferes
with the timely exercise of this Warrant.

          (c) Remedies; Specific Performance. The Company acknowledges and agrees that there would be no adequate remedy at law to the Holder of this Warrant in the event of any default or threatened default by the Company
in the performance of or compliance with any of the terms of this Warrant and accordingly, the Company agrees that, in addition to any other remedy to which the Holder may be entitled at law or in equity, the Holder shall be entitled to seek to
compel specific performance of the obligations of the Company under this Warrant, without the posting of any bond, in accordance with the terms and conditions of this Warrant in any court of the United States or any State thereof having
jurisdiction, and if any action should be brought in equity to enforce any of the provisions of this Warrant, the Company shall not raise the defense that there is an adequate remedy at law. Except as otherwise provided by law, a delay or omission
by the Holder hereof in exercising any right or remedy accruing upon any such breach shall not impair the right or remedy or constitute a waiver of or acquiescence in any such

10

breach. No remedy shall be exclusive of any other remedy. All available remedies shall be cumulative.

          (d) Amendments and Waivers. The Company may, without the consent of the Holders, by supplemental agreement or otherwise, (i) make any changes or corrections in this Agreement that are required to cure any
ambiguity or to correct or supplement any provision herein which may be defective or inconsistent with any other provision herein or (ii) add to the covenants and agreements of the Company for the benefit of the Holders (including, without
limitation, reduce the Exercise Price or extend the Expiration Date), or surrender any rights or power reserved to or conferred upon the Company in this Agreement; provided that, in the case of (i) or (ii), such changes or corrections shall not
adversely affect the interests of Holders of then outstanding Warrants in any material respect. This Warrant may also be amended or waived with the consent of the Company and the Holder. Further, the Company may, with the consent, in writing or at a
meeting, of the Holders (the “Required Holders”) of the then outstanding Warrants exercisable for a majority or greater of the Common Stock eligible under such Warrants, amend in any way, by supplemental agreement or otherwise, this
Warrant and/or all of the outstanding Warrants; provided, however, that (i) no such amendment by its express terms shall adversely affect any Holder differently than it affects all other Holders, unless such Holder consents thereto, and (ii) no such
amendment concerning the number of Warrant Shares or Exercise Price shall be made unless any Holder who will be affected by such amendment consents thereto. If a new warrant agent is appointed by the Company, it shall at the request of the Company,
and without need of independent inquiry as to whether such supplemental agreement is permitted by the terms of this Section 16(d), join with the Company in the execution and delivery of any such supplemental agreements, but shall not be
required to join in such execution and delivery for such supplemental agreement to become effective.

          (e) GOVERNING LAW; VENUE; WAIVER OF JURY TRIAL. THE CORPORATE LAWS OF THE STATE OF NEW YORK SHALL GOVERN ALL ISSUES CONCERNING THE RELATIVE RIGHTS OF THE COMPANY AND ITS STOCKHOLDERS. ALL QUESTIONS CONCERNING THE
CONSTRUCTION, VALIDITY, ENFORCEMENT AND INTERPRETATION OF THIS WARRANT SHALL BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. THE COMPANY AND HOLDERS HEREBY IRREVOCABLY SUBMIT TO THE EXCLUSIVE
JURISDICTION OF THE STATE AND FEDERAL COURTS SITTING IN THE CITY OF NEW YORK, BOROUGH OF MANHATTAN FOR THE ADJUDICATION OF ANY DISPUTE BROUGHT BY THE COMPANY OR ANY HOLDER HEREUNDER, IN CONNECTION HEREWITH OR WITH ANY TRANSACTION CONTEMPLATED HEREBY
OR DISCUSSED HEREIN, AND HEREBY IRREVOCABLY WAIVE, AND AGREE NOT TO ASSERT IN ANY SUIT, ACTION OR PROCEEDING BROUGHT BY THE COMPANY OR ANY HOLDER, ANY CLAIM THAT IT IS NOT PERSONALLY SUBJECT TO THE JURISDICTION OF ANY SUCH COURT, OR THAT SUCH SUIT,
ACTION OR PROCEEDING IS IMPROPER. EACH PARTY HEREBY IRREVOCABLY WAIVES PERSONAL SERVICE OF PROCESS AND CONSENTS TO PROCESS BEING SERVED IN ANY SUCH SUIT, ACTION OR PROCEEDING BY MAILING A COPY THEREOF VIA REGISTERED OR CERTIFIED MAIL OR OVERNIGHT
DELIVERY (WITH EVIDENCE OF DELIVERY) TO SUCH PARTY AT THE ADDRESS IN EFFECT FOR NOTICES TO IT UNDER THIS WARRANT AND AGREES THAT SUCH

11

SERVICE SHALL CONSTITUTE GOOD AND SUFFICIENT SERVICE OF PROCESS AND NOTICE THEREOF. NOTHING CONTAINED HEREIN SHALL BE DEEMED TO LIMIT IN ANY WAY ANY RIGHT TO SERVE PROCESS IN ANY MANNER PERMITTED BY LAW. THE COMPANY AND HOLDERS HEREBY WAIVE ALL
RIGHTS TO A TRIAL BY JURY.

     (f) The headings herein are for convenience only, do not constitute a part of this Warrant and shall not be deemed to limit or affect any of the provisions hereof.

     (g) In case any one or more of the provisions of this Warrant shall be invalid or unenforceable in any respect, the validity and enforceability of the remaining terms and provisions of this Warrant shall not in any way
be affected or impaired thereby and the parties will attempt in good faith to agree upon a valid and enforceable provision which shall be a commercially reasonable substitute therefor, and upon so agreeing, shall incorporate such substitute
provision in this Warrant.

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     IN WITNESS WHEREOF, the Company has caused this Warrant to be duly executed by its authorized officer as of the date first indicated above.

		BEACON ENTERPRISE SOLUTIONS GROUP, INC.
		
		By:

      	
      

      

      Name: Bruce Widener

Title: Chief Executive Officer

13

FORM OF EXERCISE NOTICE

(To be executed by the Holder to exercise the right to purchase shares of Common Stock under the foregoing Warrant)

To: BEACON ENTERPRISE SOLUTIONS GROUP, INC.

The undersigned is the Holder of Warrant No. _______ (the “Warrant”) issued by Beacon Enterprise Solutions Group, Inc., a Nevada corporation (the “Company”). Capitalized terms used herein and not otherwise defined have the respective meanings set forth in the Warrant.

		(a)      	The Warrant is currently exercisable to purchase a total of ______________ Warrant Shares. 
	 
		(b)      	The undersigned Holder hereby exercises its right to purchase _________________ Warrant Shares pursuant to the Warrant. 
	 
		(c)      	The Holder shall make Payment of the Exercise Price as follows (check one): 

		____ “Cash Exercise” under Section 10
		____ “Cashless Exercise” under Section 10

	 	(d)      	If the holder is making a Cash Exercise, the holder shall pay the sum of $____________ to the Company in accordance with the terms of the Warrant. 
	 
		(e)      	Pursuant to this exercise, the Company shall deliver to the holder _______________ Warrant Shares in accordance with the terms of the Warrant. 
	 
		(f)      	Following this exercise, the Warrant shall be exercisable to purchase a total of ______________ Warrant Shares. 
	 
		(g)      	Notwithstanding anything to the contrary contained herein, this Exercise Notice shall constitute a representation by the Holder that, after giving effect to the exercise provided for in this Exercise Notice, the Holder (together with its affiliates) will not have beneficial ownership (together with the beneficial ownership of such Person’s affiliates) of a number of shares of Common Stock which exceeds the Maximum Percentage of the total outstanding shares of Common Stock as determined pursuant to the provisions of Section 11(a) of the Warrant. 

	Dated: ________________, ____	Name of Holder:_________________________________

                                                                   (Print)
	  	 
		By: ___________________________________
      

      Name:_________________________________ 

      Title:__________________________________
		(Signature must conform in all respects to name of 

      holder as specified on the face of the Warrant)

FORM OF ASSIGNMENT

[To be completed and signed only upon transfer of Warrant]

     FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto ________________________________ the right represented by the within Warrant to purchase ____________ shares of Common Stock
of Beacon Enterprise Solutions Group, Inc. to which the within Warrant relates and appoints ________________ attorney to transfer said right on the books of Beacon Enterprise Solutions Group, Inc. with full power of substitution in the
premises.

	Dated: ________________, ____	___________________________________
      

      (Signature must conform in all respects to name of holder 

      as specified on the face of the Warrant)
	  	 
	 	

      ___________________________________
      

      Address of Transferee

      

      ___________________________________
      

      

      ___________________________________

      

In the presence of:

  

  

  ___________________________________

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