Document:

accesskey_ex1019.htm

    EXHIBIT
10.19

     

    NEITHER
THIS SECURITY NOR THE SECURITIES ISSUABLE AS A CONSEQUENCE OF THIS SECURITY HAVE
BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES
COMMISSION OF ANY STATE 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 AS
EVIDENCED BY A LEGAL OPINION OF COUNSEL TO THE TRANSFEROR TO SUCH EFFECT, THE
SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE TO THE COMPANY.

    

    $157,662.83
AUGUST 22, 2008 SUPERSEDING NOTE

     

    FOR VALUE
RECEIVED, ACCESSKEY, INC. (the "Company"), a Nevada corporation, having a place
of business at 8100 M4 Wyoming Blvd NE, Suite 420, Albuquerque, New Mexico,
87113, hereby promises to pay to the order of Micro PIPE I, LLC, LLC ("Holder"),
a Minnesota Limited Liability Company, having its principal address at 155
Revere Dr., Suite 10, Northbrook, IL 60062, the sum of $157,662.83. This
Superseding Note (this "Note") is issued in conjunction with one or more loans
to the Company for the Company's operations, and supersedes the previously
issued October 1, 2007 Convertible Note.

    

    1. Maturity.
The amount outstanding under this Note will be due and payable at the address of
Holder or such other place as Holder may designate on September 30, 2010 (the
"Maturity Date"). No advances shall be made by Holder after the Maturity
Date.

    

    2. Payments
of Interest and Principal. Interest on the borrowed outstanding principal
balance under this Note shall be payable quarterly, commencing on the first
banking day of each quarter, commencing on October 1, 2008, and thereafter,
until the Maturity Date (each, an "Interest Date").

    

    3. Interest.
The outstanding principal balance of this Note shall bear interest, payable
quarterly, in an amount equal to the product (X) of the following formula: X=
(Y-Y1)
x (21,021,711), where Y is the greater of (a) the closing price of the Company's
common stock on the Interest Date or (b) the average closing bid price for
Common Stock on the five trading days immediately prior to the Interest Date,
and where Y, is the pricing used for the preceding Interest Date or other
applicable prior pricing Interest Date. For purposes of the first Interest Date
computation, $0.075 shall be used as the Y,. Other than for the first Interest
Date computation, Y, shall never be less than the Y, for any preceding Interest
Date computation (no double benefit for price increases, followed by a price
decrease followed by another price increase). For purposes of this computation,
pricing shall be as reported on bloomberg.com on such dates (or other analogous
reporting
source agreed upon by both parties if bloomberg.com is no longer reporting the
Company's common stock price). Notwithstanding the preceding, the Interest for
any quarter shall not be less than 2 1/2% of the Principal balance at the
beginning of the quarter. Notwithstanding the preceding, Y shall not be greater
than 125% of the Y1.

     

    
      
        
        

      

      
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Additionally,
notwithstanding anything herein to the contrary, in the event of a dividend by
the Company, Holder shall be entitled to its share of the dividend, be it stock
dividend or cash dividend, or any similar transaction or distribution by the
Company (a "Dividend"), in Holder's capacity as a noteholder, to the same extent
as though the Holder had shares of stock issued to Holder as an In-Kind Payment,
calculated on the day of such Dividend, without regard to the last 3 paragraphs
of Section 5.

    

    4. Alternate
Methods of Payment: Subject to the conditions set forth below and customary
equity conditions (including piggyback registration rights), the Company may, at
its sole option, elect to make such payments of principal and interest under
this Note, in freely tradable shares of the Company's common stock (an "In-Kind
Payment"). In such event, each share of the Company's Common stock will be
valued at the Fixed Price (as defined in Section 5 below), as determined at the
lesser of (1) on such Interest Date, or (2) on the day the Company delivers the
shares. The Company is required to notify Holder of its election to make such
payment in shares at least ten days prior to the payment date. Pre-Payment
Option: The Company may at any time, upon ten days written notice, prepay any or
all of the outstanding principal balance. Such a prepayment does not eliminate
interest accrued to such date. Instead, interest accrued to such date shall be
calculated as though the date of such prepayment was the first banking day of a
quarter and the date of such prepayment was thus an Interest Date.

    

    5. Optional/
In-Kind Payment. The number of shares of ACCESSKEY, INC. Common Stock that
Holder shall be entitled to receive in the event of an In-Kind Payment, shall be
equal to the greater of (a) seventy-five percent (75%) of the closing bid price
for Common Stock on the trading day immediately prior to the Holder's receipt of
shares pursuant to such payment, or Interest Date of such payment or (b)
seventy-five percent (75%) of the average closing bid price for Common Stock on
the five trading days immediately prior to the Holder's receipt of shares
pursuant to such payment, or Interest Date of such payment (the "Fixed Price");
each share of the Company's Common stock will be valued at the Fixed Price, as
determined at the lesser of (1) the day the Company delivers the shares or (2)
the Interest Date.

    

    Except
for pricing purposes, each In-Kind Payment shall be deemed to have been effected
on the date the shares are received by the Holder, and Holder shall be deemed to
have become on said date the holder of record of the shares of Common Stock
issuable upon such In-Kind Payment. No fractional shares of Common Stock shall
be issued upon an In-Kind Payment.

    

    The
Holder shall not be entitled to shares, and the Company shall not issue shares
upon an In-Kind Payment, if, and to the extent that, such In-Kind Payment would
result in beneficial ownership
by the Holder and its affiliates of more than 9.99% of the outstanding shares of
common stock of the Company on such exercise or Payment date, including the
number of shares of common stock beneficially owned by the Holder and its
affiliates:

     

    
      
        
        

      

      
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    (i) the
number of shares of common stock beneficially owned by the Payee and its
affiliates.

     

    (ii) the
number of shares of common stock issuable upon the exercise of the warrant
and/or options and/or In-Kind Payment and/or other share issuance.

    

    For the
purposes of this provision, as set forth in the immediately preceding sentence,
beneficial ownership shall be determined in accordance with Section 13(d) of the
Securities Exchange Act of 1934, as amended, and Regulation 13d-3 thereunder.
Subject to the foregoing, the Holder shall not be limited to aggregate warrant
and/or option exercises and/or other share issuances of only 9.99% and aggregate
warrant and/or option exercises and/or other share issuances to the Holder may
exceed 9.99%. The Holder may void the exercise limitation described in this
Section upon 61 days prior written notice to the Company. The Holder may
allocate which of the equity of the Company deemed beneficially owned by the
Holder shall be included in the 9.99% amount described above and which shall be
allocated to the excess above 9.99%.

    

    In the
event that an In-Kind Payment Notice is sent by the Company, and the shares are
not issuable to the Holder because it would cause the Holder's shareholdings
(plus the shareholdings of Holder's affiliates) in the Company to exceed 9.99%,
the Company shall instead, at Holder's option, either (1) issue an interest
bearing Fixed Price Convertible Note, bearing interest at 10% per annum,
amortized monthly, except that the conversion price shall be fixed, equal to the
conversion price relative to the In-Kind Payment Notice, any share issuance
being again subject to this paragraph in such Fixed Price Secured Convertible
Note, or (2) add the principal amount of such excess to this Note, as though
such excess amount, in US Dollars were then advanced to the
Company.

    

    6. Short-Hold
Covenant. Holder covenants and agrees that, so long as any indebtedness is
outstanding hereunder and provided that this note is not in default, Holder
shall not at any time hold or maintain a short position with respect to the
securities of the Company.

    

    7. Covenants.
The Company covenants and agrees that, so long as any indebtedness is
outstanding hereunder, it will comply with each of the following covenants
(except in any case where Holder has specifically consented otherwise in
writing):

    

    A. Notice
of Event of Default. The Company shall furnish to Holder notice of the
occurrence of any Event of Default (as defined herein) within five (5) days
after it becomes known to an executive officer of Company.

     

    8. Event
of Default. For purposes of this Note, the Company shall be in default hereunder
(and an "Event of Default" shall have occurred hereunder) if:

    

    A. The
Company shall fail to pay when due any payment of principal, interest, fees,
costs, expenses or any other sum payable to Holder hereunder or
otherwise;

    

    B. The
Company shall default in the performance of any other agreement or covenant
contained herein (other than as provided in subparagraph A above), and such
default shall continue uncured for twenty (20) days after notice thereof to the
Company given by Holder, or if an Event of Default shall occur under any other
Loan Document;

     

    
      
        
        

      

      
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    C. The
Company: becomes insolvent, bankrupt or generally fails to pay its debts as such
debts become due; is adjudicated insolvent or bankrupt; admits in writing its
inability to pay its debts; or shall suffer a custodian, receiver or trustee for
it or substantially all of its property to be appointed and if appointed without
its consent, not be discharged within thirty (30) days; makes an assignment for
the benefit of creditors; or suffers proceedings under any law related to
bankruptcy, insolvency, liquidation or the reorganization, readjustment or the
release of debtors to be instituted against it and if contested by it not
dismissed or stayed within ten (10) days; if proceedings under any law related
to bankruptcy, insolvency, liquidation, or the reorganization, readjustment or
the release of debtors is instituted or commenced by the Company; if any order
for relief is entered relating to any of the foregoing proceedings; if the
Company shall call a meeting of its creditors with a view to arranging a
composition or adjustment of its debts; or if the Company shall by any act or
failure to act indicate its consent to, approval of or acquiescence in any of
the foregoing.

    

    9.
Consequences of Default. Upon the occurrence of an Event of Default and at any
time thereafter, the entire unpaid principal balance of this Note, together with
interest accrued thereon and with all other sums due or owed by the Company
hereunder, shall become immediately due and payable. In addition, the principal
balance and all past-due interest shall thereafter bear interest at the rate of
18% per annum until paid.

    

    10.
Liquidated Damages/Remedies not Exclusive.

    

    A. The
remedies of Holder provided herein or otherwise available to Holder at law or in
equity shall be cumulative and concurrent, and may be pursued singly,
successively and together at the sole discretion of Holder, and may be exercised
as often as occasion therefore shall occur; and the failure to exercise any such
right or remedy shall in no event be construed as a waiver or release of the
same.

    

    B. Liquidated
Damages In the event that the Company fails to deliver the shares when due,
whether by Section 4 or 5, or otherwise, the number of shares otherwise due
shall increase by 5% for each month or partial month, until the Company does
deliver such shares. The parties
agree that this is a reasonable amount for liquidated damages, given the
difficulty to determine, in advance, what actual damages may lie.

     

    11. Notice.
All notices required to be given to any of the parties hereunder shall be in
writing and shall he deemed to have been sufficiently given for all purposes
when presented personally to such party or sent by certified or registered mail,
return receipt requested, to such party at its address first set forth above.
Such notice shall be deemed to be given when received if delivered personally or
five (5) business days after the date mailed. Any notice mailed shall be sent by
certified or registered mail. Any notice of any change in such address shall
also be given in the manner set forth above. Whenever the giving of notice is
required, the giving of such notice may be waived in writing by the party
entitled to receive such notice.

     

    12. Severability.
In the event that any provision of this Note is held to be invalid, illegal or
unenforceable in any respect or to any extent, such provision shall nevertheless
remain valid, legal and enforceable in all such other respects and to such
extent as may be permissible. Any such invalidity, illegality or
unenforceability shall not affect any other provisions of this Note, but this
Note shall be construed as if such invalid, illegal or unenforceable provision
had never been contained herein.

     

    
      
        
        

      

      
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    13. Successors
and Assigns. This Note inures to the benefit of the Holder and binds the
Company, and its respective successors and assigns, and the words "Holder" and
"Company" whenever occurring herein shall be deemed and construed to include
such respective successors and assigns.

     

    14. Assignment.
The Company may assign or transfer its duties hereunder with the written consent
of the Holder.

     

    15. Waiver of
Formalities. Except as provided in this Note, presentment, protest, notice,
notice of dishonor, demand for payment, notice of protest and notice of
non-payment are hereby waived.

     

    16. Non-Waiver
By Holder. The failure or delay by the Holder of this Note in exercising any of
his rights hereunder in any instance shall not constitute a waiver thereof in
that or any other instance. The Holder of this Note may not waive any of its
rights, except in an instrument in writing signed by the Holder.

     

    17. Entire
Agreement. This Note embodies the entire understanding and agreement between the
parties hereto with respect to the subject matter hereof and supersedes all
prior agreements and understandings, whether express or implied, oral and
written.

     

    18. Modification
of Agreement. This Note may not be modified, altered or amended, except by an
agreement in writing signed by both the Company and the Holder.

     

    19. Governing
Law. This instrument shall be construed according to and governed by the laws of
the State of Illinois.

     

    20.
Consent to Jurisdiction and Service
of Process. The Company irrevocably appoints each and every officer of
the Company as its attorney upon whom may be served any notice, process or
pleading in any action or proceeding against it arising out of or
in connection with this Note; and the Company hereby consents that any
action or proceeding against it be commenced and maintained in any court within
the State of Illinois by service of process on any such, officer; and the
Company agrees that the courts of the State of Illinois shall have jurisdiction
with respect to the subject matter hereof and the person of the Company.
Notwithstanding the foregoing, Holder, in its absolute
discretion may also initiate proceedings in the courts of any other jurisdiction
in which the Company may be found or in which any of its properties may be
located.

     

    
      
        
        

      

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

     

    
      	 	COMPANY 
	 	 
	 	ACCESSKEY,
      INC. 
	 	 
	 	/s/ George
      Stevens                                
      
	 	George Stevens,
      CEO 

    

     

     

     

     

     

    6accesskey_ex1020.htm

    EXHIBIT
10.20

     

    THE
WARRANT REPRESENTED BY THIS CERTIFICATE AND THE SECURITIES TO BE ISSUED UPON ITS
EXERCISE HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933
(THE “SECURITIES ACT”) OR APPLICABLE STATE SECURITIES LAWS (THE “STATE ACTS”)
AND SHALL NOT BE SOLD OR TRANSFERRED UNLESS SUCH SALE OR TRANSFER HAS BEEN
REGISTERED UNDER THE SECURITIES ACT AND STATE ACTS, OR AN EXEMPTION FROM THE
REGISTRATION REQUIREMENTS IS AVAILABLE, THE AVAILABILITY OF WHICH MUST BE
ESTABLISHED TO THE SATISFACTION OF THE COMPANY.

     

    COMMON
STOCK PURCHASE WARRANT

     

    
      	Warrant No.
      20081101	
              Number of Shares:
      20,000,000

            

    

     

    ACCESSKEY
IP, INC.

    COMMON
STOCK, NO PAR VALUE PER SHARE

    VOID
AFTER 5:00 P.M. EASTERN STANDARD TIME

    ON
DECEMBER 31, 2013

    

    This
Warrant is issued to Micro Pipe Fund I, LLC (“Holder”) by AccessKey IP, Inc.
(the “Company”), a Nevada corporation, having a place of business at 8100 M4
Wyoming Blvd NE, Suite 420, Albuquerque, New Mexico.

    

    For value
received and subject to the terms and conditions hereinafter set out, Holder is
entitled to purchase from the Company 20,000,000 fully paid and nonassessable
shares of common stock, no par value per share (“Common Shares”) of the Company,
at a purchase price per share of $0.01 per share.

    

    The
Holder may exercise this Warrant, in whole or in part, upon surrender of this
Warrant, with the exercise form annexed hereto duly executed, at the office of
the Company, or such other office as the Company shall notify the Holder in
writing, together with a certified or bank cashier’s check payable to the order
of the Company in the amount of the Purchase Price times the number of Common
Shares being purchased.

    

    1.           The
person or persons in whose name or names any certificate representing Common
Shares is issued hereunder shall be deemed to have become the holder of record
of the Common Shares represented thereby as of the close of business on the date
on which this Warrant is exercised with respect to such shares, whether or not
the transfer books of the Company shall be closed.  Until such time as
this Warrant is exercised or terminates, the Purchase Price payable and the
number and character of securities issuable upon exercise of this Warrant are
subject to adjustment as hereinafter provided.

     

    2.    Unless
previously exercised, this Warrant shall expire at 5:00 p.m. Eastern Standard
Time, on December 31, 2013 and shall be void
thereafter or can be extended at the Company’s discretion (“Expiration
Date”).

     

    3.    The Company
covenants that it will at all times reserve and keep available a number of its
authorized Common Shares, free from all preemptive rights, which will be
sufficient to permit the exercise of this Warrant.  The Company
further covenants that such shares as may be issued pursuant to the exercise of
this Warrant, upon issuance, will be duly and validly issued, fully paid and
nonassessable and free from all taxes, liens, and charges.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    4.    If the
Company subdivides its outstanding Common Shares, by split-up or otherwise, or
combines its outstanding Common Shares, the Purchase Price then applicable to
shares covered by this Warrant shall forthwith be proportionately decreased in
the case of a subdivision, or proportionately increased in the case of a
combination.

    

    5.    If (a) the
Company reorganizes its capital, reclassifies its capital stock, consolidates or
merges with or into another corporation (but only if the Company is not the
surviving corporation and
no longer has more than a single shareholder) or sells, transfers or
otherwise disposes of all or substantially all its property, assets, or business
to another corporation, and (b) pursuant to the terms of such reorganization,
reclassification, merger, consolidation, or disposition of assets, shares of
common stock of the successor or acquiring corporation, or any cash, shares of
stock, or other securities or property of any nature whatsoever (including
warrants or other subscription or purchase rights) in addition to or in lieu of
common stock of the successor or acquiring corporation (“Other Property”), are
to be received by or distributed to the holders of Common Shares, then (c)
Holder shall have the right thereafter to receive, upon exercise of this
Warrant, the same number of shares of common stock of the successor or acquiring
corporation and Other Property receivable upon such reorganization,
reclassification, merger, consolidation, or disposition of assets as a holder of
the number of Common Shares for which this Warrant is exercisable immediately
prior to such event. At the time of such reorganization, reclassification,
merger, consolidation or disposition of assets, the successor or acquiring
corporation shall expressly assume the due and punctual observance and
performance of each and every covenant and condition of this Warrant to be
performed and observed by the Company and all the obligations and liabilities
hereunder, subject to such modifications as may be deemed appropriate (as
determined by resolution of the Board of Directors of the Company) in order to
adjust the number of shares of the common stock of the successor or acquiring
corporation for which this Warrant is exercisable. For purposes of this section,
“common stock of the successor or acquiring corporation” shall include stock of
such corporation of any class which is not preferred as to dividends or assets
over any other class of stock of such corporation and which is not subject to
redemption and shall also include any evidences of indebtedness, shares of
stock, or other securities which are convertible into or exchangeable for any
such stock, either immediately or upon the arrival of a specified date or the
happening of a specified event and any warrants or other rights to subscribe for
or purchase any such stock. The foregoing provisions of this section shall
similarly apply to successive reorganizations, reclassifications, mergers,
consolidations, or disposition of assets.

    

    6.    If a
voluntary or involuntary dissolution, liquidation or winding up of the Company
(other than in connection with a merger or consolidation of the Company) is at
any time proposed during the term of this Warrant, the Company shall give
written notice to the Holder at least thirty days prior to the record date of
the proposed transaction.  The notice shall contain: (1) the date on
which the transaction is to take place; (2) the record date (which must be at
least thirty days after the giving of the notice) as of which holders of the
Common Shares entitled to receive distributions as a result of the transaction
shall be determined; (3) a brief description of the transaction; (4) a brief
description of the distributions, if any, to be made to holders of the Common
Shares as a result of the transaction; and (5) an estimate of the fair market
value of the distributions.  On the date of the transaction, if it
actually occurs, this Warrant and all rights existing under this Warrant shall
terminate.

     

    
      
        
        

      

      
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    7.    In no event
shall any fractional Common Share of the Company be issued upon any exercise of
this Warrant.  If, upon exercise of this Warrant as an entirety, the
Holder would, except as provided in this Section 7, be entitled to receive a
fractional Common Share, then the Company shall issue the next higher number of
full Common Shares, issuing a full share with respect to such fractional
share.  If this Warrant is exercised at one time for less than the
maximum number of Common Shares purchasable upon the exercise hereof, the
Company shall issue to the Holder a new warrant of like tenor and date
representing the number of Common Shares equal to the difference between the
number of shares purchasable upon full exercise of this Warrant and the number
of shares that were purchased upon the exercise of this Warrant.

    

    8.    Whenever the
Purchase Price is adjusted, as herein provided, the Company shall promptly
deliver to the Holder a certificate setting forth the Purchase Price after such
adjustment and setting forth a brief statement of the facts requiring such
adjustment.

    

    9.    If at any
time prior to the expiration or exercise of this Warrant, the Company shall pay
any dividend or make any distribution upon its Common Shares or shall make any
subdivision or combination of, or other change in its Common Shares, the Company
shall cause notice thereof to be mailed, first class, postage prepaid, to Holder
at least thirty full business days prior to the record date set for determining
the holders of Common Shares who shall participate in such dividend,
distribution, subdivision, combination or other change.  Such notice
shall also specify the record date as of which holders of Common Shares who
shall participate in such dividend or distribution is to be
determined.  Failure to give such notice, or any defect therein, shall
not affect the legality or validity of any dividend or
distribution.

    

    10.   The Company will
maintain a register containing the names and addresses of the Holder and any
assignees of this Warrant.  Holder may change its address as shown on
the warrant register by written notice to the Company requesting such
change.  Any notice or written communication required or permitted to
be given to the Holder may be delivered by confirmed facsimile or telecopy or by
a recognized overnight courier, addressed to Holder at the address shown on the
warrant register.

    

    11.   This Warrant has
not been registered under the Securities Act of 1933, as amended (the
“Securities Act”), or any state securities laws (“State Acts”) or regulations in
reliance upon exemptions under the Securities Act, and exemptions under the
State Acts. Subject to compliance with the Securities Act and State Acts, this
Warrant and all rights hereunder are transferable in whole or in part, at the
office of the Company at which this Warrant is exercisable, upon surrender of
this Warrant together with the assignment hereof properly endorsed. The Common
Stock into which the Warrants are exercisable will have piggyback registration
rights, and the Warrants will be transferable. If within 180 days of the
Bankruptcy Plan approval, the Company does not register the shares of Common
Stock into which the Warrants are exercisable, or the shares of Common Stock
into which the Warrants are exercisable are not otherwise freely tradable, then,
at Holder’s option, the Warrant exercise may be cashless.

    

    12.   In case this
Warrant shall be mutilated, lost, stolen, or destroyed, the Company may issue a
new warrant of like tenor and denomination and deliver the same (a) in exchange
and substitution for and upon surrender and cancellation of any mutilated
Warrant, or (b) in lieu of any Warrant lost, stolen, or destroyed, upon receipt
of evidence satisfactory to the Company of the loss, theft or destruction of
such Warrant (including a reasonably detailed affidavit with respect to the
circumstances of any loss, theft, or destruction) and of indemnity with
sufficient surety satisfactory to the Company.

     

    
      
        
        

      

      
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13.    Unless a
current registration statement under the Securities Act, shall be in effect with
respect to the securities to be issued upon exercise of this Warrant, the
Holder, by accepting this Warrant, covenants and agrees that, at the time of
exercise hereof, and at the time of any proposed transfer of securities acquired
upon exercise hereof, the Company may require Holder to make such
representations, and may place such legends on certificates representing the
Common Shares issuable upon exercise of this Warrant, as may be reasonably
required in the opinion of counsel to the Company to permit such Common Shares
to be issued without such registration.

     

    14.    This Warrant
does not entitle Holder to any of the rights of a stockholder of the
Company.

     

    15.    Nothing
expressed in this Warrant and nothing that may be implied from any of the
provisions hereof is intended, or shall be construed, to confer upon, or give
to, any person or corporation other than the parties to this Agreement any
covenant, condition, stipulation, promise, or agreement contained herein, and
all covenants, conditions, stipulations, promises and agreements contained
herein shall be for the sole and exclusive benefit of the parties hereto and
their respective successors and assigns.

     

    16.    The
provisions and terms of this Warrant shall be construed in accordance with the
laws of the State of Illinois.

    

    IN
WITNESS WHEREOF, this Warrant has been duly executed by the Company as of the
NOVEMBER 12,
2008.

     

     

    
      
        	 	AccessKey IP, Inc.Company
      Name	 
	 	 	 	 
	
                 

              	
                By:
      

              	/s/ Bruce
      Palmer	 
	 	 	Bruce
      Palmer, President	 

      

       

       

      4

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