Document:

EXHIBIT 10.2
                                                                    ------------

                             REGISTRATION AGREEMENT

          This Agreement is entered into as of this 14th day of July, 2005, by
and between GMX Resources Inc., an Oklahoma corporation ("Company"), and the
persons designated as the investors on the signature pages of this Agreement
("Investors").

          WHEREAS, Investors have agreed to purchase from the Company the number
of shares of common stock of the Company that is indicated on the signature
pages of the respective Investors (in the aggregate, the "Shares"), pursuant to
a Securities Purchase Agreement dated as of the date set forth on the Company's
signature page to this Agreement ("Securities Purchase Agreement");

          WHEREAS, as an inducement to the Investors to purchase the Shares, the
Company has agreed to file, at its own expense, a registration statement
covering resales of the Shares by the Investors in non-underwritten
transactions; and

          WHEREAS, the Investors and the Company desire to enter into this
Agreement providing for matters relating to such registration;

          NOW, THEREFORE, in consideration of the mutual agreements contained
herein, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Investors and the Company
agree as follows:

          1. Filing of Registration Statement. The Company shall file a shelf
registration statement under the Securities Act of 1933, as amended ("Act"), on
Form S-3 (or other applicable form) to register resales or other dispositions of
the Shares and any Penalty Shares (defined below) (collectively, the
"Registrable Securities") by Investors in non-underwritten transactions
("Registration Statement"). The Company shall file the Registration Statement as
soon as practicable after the date hereof and in no event more than 30 days
thereafter.

          2. Effectiveness of Registration Statement. The Company shall use its
best efforts to cause the Registration Statement to become effective under the
Act as soon as practicable after the filing of the Registration Statement and in
no event more than 90 days after the date hereof. In addition, the Company shall
use its best efforts to maintain the effectiveness of the Registration Statement
under the Act on an "evergreen" basis for the period specified in Section 7(i).

          3. State Registration or Qualification. The Company shall use its best
efforts to register or qualify the Registrable Securities covered by the
Registration Statement for public sale under the securities or blue sky laws of
the respective states of principal residence of the Investors and such other
states that are reasonably designated by any of them in writing as a state in
which sales of the Registrable Securities may be made, if such registration or
qualification is necessary; provided, however, that the Company shall not be
required by this Section 3 to qualify to do business as a foreign corporation or
otherwise to subject itself to taxation therein, or to file any general consent
to service of process in any state.

          4. Delivery of Prospectuses. The Company shall provide to the
Investors the number of prospectuses relating to the Registrable Securities as
the Investors shall each
<PAGE>
reasonably request to enable the Investors to comply with the applicable
prospectus delivery requirements. If, during the effectiveness of the
Registration Statement, an intervening event should occur that, in the opinion
of the Company's counsel, makes the prospectus included in the Registration
Statement no longer comply with the Act, after notice from the Company to the
Investors of the occurrence of such an event, the Investors shall make no
further sales or other dispositions, or offers therefor, of Registrable
Securities under the Registration Statement until they receive from the Company
notice that sales and dispositions, and offers therefor, may resume and, if the
prospectus has been changed other than by the filing of a report that is
incorporated therein by reference without any other revision, copies of a new,
amended or supplemented prospectus complying with the Act. The Company shall
keep the Investors fully informed as to the status of its efforts, which shall
be prompt and diligent, to cause such new, amended or supplemented prospectus to
be available for use by the Investors, in each such case as soon as practicable
and in no event more than 45 days following such notice.

          5. Expenses of Registration. The Company shall bear all of the
expenses of registration or qualification of the Registrable Securities under
the Act and under the state securities or blue sky laws as provided in Section 3
hereof; provided, however, that each Investor shall bear its own selling
expenses or commissions attributable to the Registrable Securities being sold by
such Investor and shall bear fees and expenses of its own counsel, if any.

          6. Information to be Furnished by Investor. Each Investor shall
furnish in writing to the Company all information within such Investor's
possession or knowledge required by the applicable rules and regulations of the
Securities and Exchange Commission ("Commission"), including the information
specified by Items 507 and 508 of Regulation S-K under the Act.

          7. Procedures. The Company shall (a) notify the Investors promptly
after it shall receive notice thereof, of the time when the Registration
Statement has become effective or any supplement to any prospectus forming a
part of the Registration Statement has been filed; (b) notify the Investors
promptly of any request by the Commission for the amending or supplementing of
the Registration Statement or prospectus or for additional information and shall
use its best efforts to file any such amendment or supplement within 10 days,
and in no event more than 20 days, after such request or receipt of comments
from the Commission's staff; (c) prepare and file with the Commission, promptly
upon any Investor's request, any amendment or supplement to such registration
statement or prospectus which, in the opinion of counsel for the Investor and
counsel for the Company, may be necessary or desirable in connection with the
distribution of the Registrable Securities by such Investor; (d) prepare and
promptly file with the Commission, and promptly notify the Investors of the
filing of, such amendment or supplement to the Registration Statement or
prospectus as may be necessary to correct any misstatement or omission, if at
any time when a prospectus relating to the Registrable Securities is required to
be delivered under the Act, any event shall have occurred as a result of which
any such prospectus would include an untrue statement of a material fact or omit
to state any material fact necessary to make the statements therein not
misleading and such filing shall be made within the time limitations set forth
in Section 4; (e) in case the Investor is required to deliver a prospectus, at a
time when the prospectus then in effect may no longer be used under the Act,
prepare promptly upon request such amendment or amendments to the Registration
Statement and such prospectus or prospectuses as may be necessary to permit
compliance with the requirements of Section 10 of the Act subject to clause (i)
below; (f) not file any amendment or supplement to the Registration

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<PAGE>
Statement or prospectus to which any Investor shall reasonably object after
having been furnished a copy at a reasonable time prior to the filing thereof;
(g) advise the Investors promptly after it shall receive notice or obtain
knowledge thereof of the issuance of any stop order by the Commission suspending
the effectiveness of the Registration Statement or the initiation or threatening
of any proceeding for that purpose and promptly use its best efforts to prevent
the issuance of any stop order or to obtain its withdrawal if such stop order
should be issued; (h) furnish to the Investors as soon as available copies of
the Registration Statement and each preliminary or final prospectus, or
supplement required to be prepared, pursuant to Section 4 or this Section 7, all
in such quantities as the Investors may from time to time reasonably request;
(i) keep the Registration Statement effective for a period of two years from the
Closing Date plus a number of days equal to the number of days, if any, during
which the Investors' right to offer and sell such Registrable Securities shall
have been suspended pursuant to the provisions of Section 4 hereof (which number
of days shall in no event exceed 60 during any period of 12 months), or until
the intended distribution of Registrable Securities is completed by all
Investors, whichever occurs first; and the Company may after such period
deregister any of the Registrable Securities remaining unsold if the Company
elects to do so or if the Commission or its staff so requests; and (j) if any of
the Company's shares of common stock are then listed on any securities
exchange(s) or Nasdaq, the Company will cause all shares covered by the
Registration Statement to be listed on such exchange(s) or Nasdaq, as the case
may be.

          8. Registration Default. The Company agrees that (i) if the
Registration Statement has not, in the event of a "no review" or "limited
review" of the Registration Statement by the SEC, been declared effective by the
SEC within 60 days after the Closing Date; (ii) if the Registration Statement
has not, in the event the Registration Statement is reviewed by the SEC, been
declared effective by the SEC within 90 days after the Closing Date; (iii) in
the event the Company fails to file with the SEC a request for acceleration in
accordance with Rule 461 under the Securities Act within five business days of
the date the Company is first notified (orally or in writing, whichever is
earlier) by the Commission that the Registration Statement will not be reviewed
or that it is not subject to any further review; or (iv) in the event the
Company suspends sales or dispositions and offers therefor of the Registrable
Securities in accordance with Section 4 and the period of such suspension or
suspensions exceeds that permitted by Section 4 or the aggregate permitted by
Section 7(i) (each such event referred to in clause (i), (ii), (iii) or (iv), a
"Registration Default"), then the Company will pay to each Investor, as
liquidated damages and not as a penalty, in cash, an amount equal to two percent
(2%) of the aggregate amount invested by such Investor under the Securities
Purchase Agreement for each 30-day period, or portion thereof, that a
Registration Default exists under clause (i), (ii), (iii) or (iv), above, but
liquidated damages shall not be duplicated on account of multiple Registration
Defaults existing simultaneously. Accordingly, if two or more Registration
Defaults exist simultaneously, there shall nevertheless be only one accrual of
liquidated damages during the period of such simultaneous Registration Defaults.
Such payments of liquidated damages shall be made on the first day of each
calendar quarter with respect to penalties accrued during the preceding calendar
quarter.

          Subject to the Investor's right to specific performance, but otherwise
notwithstanding anything to the contrary in this Agreement or the Securities
Purchase Agreement, the Company's payment of liquidated damages as provided in
this Section 8 shall be the Investor's sole and exclusive remedy in the event of
any Registration Default; provided, however, that if the

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<PAGE>
foregoing remedy is deemed unenforceable by a court of competent jurisdiction
then the Investor shall have all other remedies available at law or in equity.

          9. Indemnification by Company. The Company will, to the maximum extent
permitted by law, indemnify and hold harmless the Investors and each person, if
any, who controls an Investor within the meaning of the Act, against any losses,
claims, damages, or liabilities, joint or several, to which such Investor or
such controlling person may become subject, under the Act or otherwise, insofar
as such losses, claims, damages or liabilities (or actions in respect thereof)
are caused by any untrue statement or alleged untrue statement of any material
fact contained in the Registration Statement, any prospectus contained therein,
or any amendment or supplement thereof, or arising out of or based upon the
omission or alleged omission to state therein a material fact required to be
stated therein or necessary to make the statements therein not misleading; and
will reimburse such Investor and each such controlling person for any legal or
other expenses incurred by such Investor or such controlling person in
connection with investigating or defending against any such loss, claim, damage,
liability or action; provided, however, that the company will not be liable in
any such case to any Investor or its controlling person(s) to the extent that
any such loss, claim, damage, expense or liability arises out of, or is based
upon, an untrue statement or alleged untrue statement or omission or alleged
omission so made in conformance with information that has been furnished in
writing by such Investor in accordance with Section 6; provided, however that
the Company shall not be required to provide such indemnification if such loss,
claim, damage or liability (or action in respect thereof) arises out of or is
based upon an untrue statement or alleged untrue statement or omission or
alleged omission made in any preliminary prospectus and if, in respect to such
statement, alleged statement, omission or alleged omission, the final prospectus
corrected such statement, alleged statement, omission or alleged omission and a
copy of such final prospectus had not been sent or given at or prior to the
confirmation of the sale with respect to which such loss, claim, damage, expense
or liability relates.

          10. Indemnification by Investors. Each Investor shall, to the maximum
extent permitted by law, indemnify and hold harmless the Company, each of its
directors, each of its officers who has signed the Registration Statement, and
each person, if any, who controls the Company, within the meaning of the Act,
against any loss, claim, damage or liability of which the Company, or any such
director, officer or controlling person may be or become subject under the Act
or otherwise, insofar as such loss, claim, damage or liability (or action in
respect thereof) is caused by any untrue or alleged untrue statement of any
material fact contained in the Registration Statement, such prospectus, or
amendment or supplement thereof, or arises out of or is based upon the omission
or the alleged omission to state therein a material fact required to be stated
therein or necessary to make the statements therein not misleading; in each case
to the extent, but only to the extent, that such untrue statement or alleged
untrue statement or omission or alleged omission relates to the information that
has been furnished in writing by such Investor in accordance with Section 6.

          11. Notice to Indemnitor. Promptly after receipt by an indemnified
party of notice of the commencement of any action, such indemnified party will,
if a claim thereof is to be made against the indemnifying party pursuant
thereto, notify the indemnifying party of the commencement thereof, but the
omission to notify the indemnifying party will not relieve it from any liability
which it may have to any indemnified party except to any extent to which the

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<PAGE>
indemnifying party is actually prejudiced thereby. In case such action is
brought against any indemnified party, and it notifies the indemnifying party of
the commencement thereof, the indemnifying party will be entitled to participate
in, and, to the extent that it may wish, jointly with any other indemnifying
party, similarly notified, to assume the defense thereof, with counsel
reasonably satisfactory to such indemnified party.

          12. Contribution. If the indemnification provided for in Section 9 or
Section 10 is unavailable to an indemnified party thereunder in respect to any
losses, claims, damages, liabilities or expenses referred to therein, then an
indemnifying party, in lieu of indemnifying such indemnified party, shall
contribute to the amount paid or payable by such indemnified party as a result
of such losses, claims, damages, liabilities or expenses in such proportion as
is appropriate to reflect the relative fault of the Company, on the one hand,
and the Investor(s), on the other hand, in connection with the statements or
omissions that resulted in such losses, claims, damages, liabilities or
expenses. The relative fault of the Company and the Investor(s) in connection
with the statements that resulted in such losses, claims, damages, liabilities
or expenses shall be determined by reference to, among other things, whether the
untrue or alleged untrue statement of material facts or the omission or alleged
omission to state a material fact relates to information supplied by the Company
or the Investor(s) and the parties' relative intent, knowledge, access to
information and opportunity to correct such statement or omission.

          13. Indemnification Limitation and Continuation. Notwithstanding any
other provision of this Agreement, the liability of any Investor for
indemnification or contribution under this Agreement shall not exceed an amount
equal to the number of shares sold by such Investor under the Registration
Statement multiplied by the net amount per share received in such sale(s). The
indemnification and contribution provided for under this Agreement shall remain
in full force and effect regardless of any investigation made by or on behalf of
the indemnified party or any officer, director or controlling person of such
indemnified party and shall survive the transfer of securities.

          14. Notices. All notices required or permitted to be given pursuant to
this Agreement shall be in writing and shall be deemed given when received when
delivered personally or, by facsimile, by overnight courier or by first class
mail, postage prepaid, registered or certified with return receipt request, at
the addresses set forth on the signature page or at such other address as any
party shall designate in writing to the other.

          15. Governing Law; Counterparts. This Agreement shall in all respects
be governed by and construed and enforced in accordance with the laws of the
State of New York. It may be executed in any number of counterparts.

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<PAGE>
                            COMPANY SIGNATURE PAGE TO
                               GMX RESOURCES INC.
                             REGISTRATION AGREEMENT
                               DATED JULY 14, 2005

          IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the date above set forth.

                                             "COMPANY"

                                             GMX RESOURCES INC.

                                             By: ____________________________

                                             Name: __________________________

                                             Title:__________________________

                                        6
<PAGE>
                     Investor Counterpart Signature Page to
                               GMX RESOURCES INC.
                             REGISTRATION AGREEMENT
                               DATED JULY 14, 2005

                                   "INVESTOR"

                                                ________________________________
Date of Securities Purchase Agreement

July 14, 2005                             By:   ________________________________

                                          Name: ________________________________

                                          Title: _______________________________

Number of Shares:  ______________         Address:

                                                ________________________________

                                                ________________________________

                                                ________________________________

                                        7Exhibit 10.1

    
      

      

    

    SECURITIES
      PURCHASE AGREEMENT

     

    SECURITIES
      PURCHASE AGREEMENT (this “Agreement”), dated as of July 7, 2005, by and among Q
      Comm International, Inc., a Utah corporation, having its principal office at
      510
      Technology Avenue, Building C, Orem, Utah 84097 (the “Company”), and Jurika
      Family Trust U/A 1989 (the “Buyer”).

     

    WHEREAS,
      the Company and the Buyer are executing and delivering this Agreement in
      reliance upon the exemption from securities registration afforded by Rule 506
      under Regulation D (“Regulation D”) as promulgated by the United States
      Securities and Exchange Commission (the “SEC”) under the Securities Act of 1933,
      as amended (the “1933 Act”); and

     

    WHEREAS,
      the Company desires to issue and sell, upon the terms and conditions set forth
      in this Agreement: (i) a unsecured promissory note in the principal amount
      of
      Six Hundred Fourteen Thousand Dollars ($614,000), substantially in the form
      attached hereto as Exhibit “A” (the “Note”) and (ii) warrants, in the form
      attached hereto as Exhibit “B” (the “Warrants”), to purchase 230,000 shares of
      the Company’s common stock (the “Common Stock”); and

     

    WHEREAS,
      Buyer wishes to purchase, upon the terms and conditions stated in this
      Agreement, the Note and the Warrants.

     

    NOW,
      THEREFORE, in consideration of the foregoing recitals and other good and
      valuable consideration, the receipt and sufficiency of which are hereby
      acknowledged, the parties agree as follows:

     

    1.    PURCHASE
      AND SALE OF DEBENTURES, SHARES AND WARRANTS.

     

    a. 
Purchase
      of Securities.
      On the
      Closing Date (as defined below), the Company shall issue and sell to the Buyer
      and the Buyer agrees to purchase from the Company the Note and the
      Warrants.

     

    b. 
Purchase
      Price and Form of Payment.
      The
      purchase price for the Note and the Warrants shall be $614,000 in the aggregate
      (the “Purchase Price”). On the Closing Date (as defined below), (i) the Buyer
      shall pay the Purchase Price by wire transfer of immediately available funds
      (or
      as otherwise mutually agreed) to the Company, in accordance with the Company’s
      written wiring instructions, against delivery of the Note and the Warrants
      and
      (ii) the Company shall deliver the Note and the Warrants, duly executed on
      behalf of the Company, to the Buyer, against delivery of such Purchase
      Price.

     

    c. 
Closing
      Date.
      Subject
      to the satisfaction (or waiver) of the conditions thereto set forth in Section
      4
      and Section 5 below, the date and time of the issuance and sale of the Note
      and
      the Warrants shall be 11:00 a.m. Mountain Time on July 7, 2005 or such other
      mutually agreed upon time (the “Closing Date”). The closing of the transactions
      contemplated by this Agreement (the “Closing”) shall occur on the Closing Date
      at the offices of the Company as set forth above, or at such other location
      as
      may be agreed to by the parties.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

    2.    BUYER’S
      REPRESENTATIONS AND WARRANTIES. The Buyer represents and warrants to the Company
      that:

     

    a. 
Investment
      Purpose.
      As of
      the date hereof, the Buyer is purchasing the Note and the Warrants and the
      shares of the Common Stock issuable upon exercise of the Warrants (the “Warrant
      Shares” and, together with the Note, the “Securities”) for its own account and
      not with a present view towards the public sale or distribution thereof, except
      pursuant to sales registered or exempted from registration under the 1933 Act;
      provided, however, that by making the representations herein, the Buyer, subject
      to any agreement to the contrary executed simultaneously herewith, does not
      agree to hold any of the Securities for any minimum or other specific term
      and
      reserves the right to dispose of the Securities at any time in accordance with
      or pursuant to a registration statement or an exemption under the 1933 Act.
      

     

    b. 
Accredited
      Investor Status.
      The
      Buyer is an “accredited investor” as that term is defined in Rule 501(a) of
      Regulation D (an “Accredited Investor”).

     

    c. 
Reliance
      on Exemptions.
      The
      Buyer understands that the Securities are being offered and sold to it in
      reliance upon specific exemptions from the registration requirements of United
      States federal and state securities laws and that the Company is relying upon
      the truth and accuracy of, and the Buyer’s compliance with, the representations,
      warranties, agreements, acknowledgments and understandings of the Buyer set
      forth herein in order to determine the availability of such exemptions and
      the
      eligibility of the Buyer to acquire the Securities.

     

    d. 
Information.
      The
      Buyer and its advisors, if any, have been furnished with all materials relating
      to the business, finances and operations of the Company and materials relating
      to the offer and sale of the Securities that the Buyer or its advisors has
      requested. The Buyer and its advisors, if any, have been afforded the
      opportunity to ask questions of the Company. The Buyer understands that its
      investment in the Securities involves a significant degree of risk.

     

    e. 
Governmental
      Review.
      The
      Buyer understands that no United States federal or state agency or any other
      government or governmental agency has passed upon or made any recommendation
      or
      endorsement of the Securities.

     

    f. 
Transfer
      or Re-sale.
      The
      Buyer understands that (i) the sale or re-sale of the Securities has not been
      and is not being registered under the 1933 Act or any applicable state
      securities laws, and none of the Securities may be transferred unless (a) they
      are sold pursuant to an effective registration statement under the 1933 Act,
      (b)
      the Buyer shall have delivered to the Company an opinion of counsel (which
      opinion shall be in form, substance and scope customary for opinions of counsel
      in comparable transactions) to the effect that the Securities to be sold or
      transferred may be sold or transferred pursuant to an exemption from such
      registration, (c) the Securities are sold or transferred to an “affiliate” (as
      defined in Rule 144 promulgated under the 1933 Act (or a successor rule) (“Rule
      144”)) of the Buyer who agrees to sell or otherwise transfer such securities
      only in accordance with this Section 2(f) and who is an Accredited Investor,
      or
      (d) the Securities are sold pursuant to Rule 144; (ii) any sale of the
      Securities made in reliance on Rule 144 may be made only in accordance with
      the
      terms of said Rule and further, if said Rule is not applicable, any re-sale
      of
      such Securities under circumstances in which the seller (or the person through
      whom the sale is made) may be deemed to be an underwriter (as that term is
      defined in the 1933 Act) may require compliance with some other exemption under
      the 1933 Act or the rules and regulations of the SEC thereunder; and (iii)
      neither the Company nor any other person is under any obligation to register
      such Securities under the 1933 Act or any state securities laws or to comply
      with the terms and conditions of any exemption thereunder. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

    g. 
Legends.
      The
      Buyer acknowledges that, except as otherwise set forth in this Section 2(g),
      the
      Note and the certificates evidencing the Warrants and the Warrant Shares shall
      bear a restrictive legend in substantially the following form (and a
      stop-transfer order may be placed against transfer of the certificates for
      such
      Securities):

     

    “The
      securities represented by this certificate have not been registered under the
      Securities Act of 1933, as amended. The securities may not be sold, transferred
      or assigned in the absence of an effective registration statement for the
      securities under said Act, or an opinion of counsel, in form, substance and
      scope customary for opinions of counsel in comparable transactions, that
      registration is not required under said Act or unless sold pursuant to Rule
      144
      under said Act.”

     

    The
      legend set forth above shall be removed and the Company shall issue a
      certificate without such legend to the holder of any Security upon which it
      is
      stamped, if, unless otherwise required by applicable state securities laws,
      (a)
      such Security is registered for sale under an effective registration statement
      filed under the 1933 Act or otherwise may be sold pursuant to Rule 144 without
      any restriction as to the number of securities as of a particular date that
      can
      then be immediately sold, or (b) such holder provides the Company with an
      opinion of counsel, in form, substance and scope customary for opinions of
      counsel in comparable transactions, to the effect that a public sale or transfer
      of such Security may be made without registration under the 1933 Act, including
      pursuant to the provisions of Rule 144 and such sale or transfer is effected.
      The Buyer agrees to sell all Securities, including those represented by a
      certificate(s) from which the legend has been removed, in compliance with
      applicable prospectus delivery requirements, if any. 

     

    h. 
Authorization;
      Enforcement.
      This
      Agreement has been duly and validly authorized, executed and delivered on behalf
      of the Buyer, and this Agreement constitutes the valid and binding agreement
      of
      the Buyer enforceable in accordance with its terms.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

    i. 
Broker.
      The
      Buyer represents and warrants that it has not dealt with any broker, finder,
      agent or other intermediary who is entitled to a commission or fee with respect
      to the transactions contemplated hereby. 

     

    3.    COVENANTS.

     

    a. 
Reservation
      of Shares.
      The
      Company shall at all times have authorized, and reserved for the purpose of
      issuance, a sufficient number of shares of Common Stock to provide for the
      full
      exercise of the Warrants and issuance of the Warrant Shares in connection
      therewith (based on the exercise price of the Warrants in effect from time
      to
      time). 

     

    4.    CONDITIONS
      TO THE COMPANY’S OBLIGATION TO SELL. The obligation of the Company hereunder to
      issue and sell the Note and the Warrants to the Buyer at the Closing is subject
      to the satisfaction, at or before the Closing Date of each of the following
      conditions thereto, provided that these conditions are for the Company’s sole
      benefit and may be waived by the Company at any time in its sole
      discretion:

     

    a.     The
      Buyer
      shall have delivered the Purchase Price in accordance with Section 1(b) above.
      

     

    b. 
The
      representations and warranties of the Buyer shall be true and correct in all
      material respects as of the date when made and as of the Closing Date as though
      made at that time (except for representations and warranties that speak as
      of a
      specific date), and the Buyer shall have performed, satisfied and complied
      in
      all material respects with the covenants, agreements and conditions required
      by
      this Agreement to be performed, satisfied or complied with by the Buyer at
      or
      prior to the Closing Date.

     

    5.    CONDITIONS
      TO EACH BUYER’S OBLIGATION TO PURCHASE. The obligation of the Buyer to purchase
      the Note and Warrants at the Closing is subject to the satisfaction, at or
      before the Closing Date of each of the following conditions, provided that
      these
      conditions are for the Buyer’s sole benefit and may be waived by the Buyer at
      any time in its sole discretion:

     

    a. 
The
      Company shall have executed this Agreement and delivered the same to the
      Buyer.

     

    b. 
The
      Company shall have delivered to the Buyer a duly executed Note and warrant
      certificate evidencing the Warrants in accordance with Section 1(b)
      above.

     

    6.    GOVERNING
      LAW; MISCELLANEOUS.

     

    a. 
Governing
      Law.
      This
      Agreement shall be enforced, governed by and construed in accordance with the
      laws of the State of Utah applicable to agreements made and to be performed
      entirely within such state, without regard to the principles of conflict of
      laws. The parties hereto hereby submit to the exclusive jurisdiction of the
      United States Federal Courts located in Salt Lake City, Utah, with respect
      to
      any dispute arising under this agreement, the agreements entered into in
      connection herewith or the transactions contemplated hereby or thereby. The
      party that does not prevail in any dispute arising under this Agreement shall
      be
      responsible for all fees and expenses, including attorneys’ fees, incurred by
      the prevailing party in connection with such dispute.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

    b. 
Counterparts;
      Signatures by Facsimile.
      This
      Agreement may be executed in one or more counterparts, each of which shall
      be
      deemed an original but all of which shall constitute one and the same agreement
      and shall become effective when counterparts have been signed by each party
      and
      delivered to the other party. This Agreement, once executed by a party, may
      be
      delivered to the other party hereto by facsimile transmission of a copy of
      this
      Agreement bearing the signature of the party so delivering this
      Agreement.

     

    c. 
Headings.
      The
      headings of this Agreement are for convenience of reference only and shall
      not
      form part of, or affect the interpretation of, this Agreement.

     

    d. 
Severability.
      In the
      event that any provision of this Agreement is invalid or enforceable under
      any
      applicable statute or rule of law, then such provision shall be deemed
      inoperative to the extent that it may conflict therewith and shall be deemed
      modified to conform with such statute or rule of law. Any provision hereof
      which
      may prove invalid or unenforceable under any law shall not affect the validity
      or enforceability of any other provision hereof.

     

    e. 
Entire
      Agreement; Amendments.
      This
      Agreement and the instruments referenced herein contain the entire understanding
      of the parties with respect to the matters covered herein and therein and,
      except as specifically set forth herein or therein, neither the Company nor
      the
      Buyer makes any representation, warranty, covenant or undertaking with respect
      to such matters. No provision of this Agreement may be waived or amended other
      than by an instrument in writing signed by the party to be charged with
      enforcement. 

     

    f. 
Notices.
      Any
      notices required or permitted to be given under the terms of this Agreement
      shall be sent by certified or registered mail (return receipt requested) or
      delivered personally or by courier (including a recognized overnight delivery
      service) or by facsimile and shall be effective five days after being placed
      in
      the mail, if mailed by regular United States mail, or upon receipt, if delivered
      personally or by courier (including a recognized overnight delivery service)
      or
      by facsimile, in each case addressed to a party. The addresses for such
      communications shall be: 

     

    If
      to the
      Company:

     

    Q
      COMM
      INTERNATIONAL

    510
      Technology Avenue 

    Orem,
      Utah 84097

    Attention:
      Chief Executive Officer

    Telephone:
      800-626-9941

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    With
      copy
      to:

    Jones
      Waldo Holbrook & McDonough, P.C.

    170
      South
      Main Street, Suite 1500

    Salt
      Lake
      City, UT 84101

    Attention:
      Rakesh Govindji, Esq.

    Telephone:
      801-524-7331

    Facsimile:
      801-328-0537

    

    If
      to the
      Buyer: To the address set forth immediately below such Buyer’s name on the
      signature page hereto.

     

    Each
      party shall provide notice to the other party of any change in
      address.

     

    g. 
Successors
      and Assigns.
      This
      Agreement shall be binding upon and inure to the benefit of the parties and
      their successors and assigns. Neither the Company nor the Buyer shall assign
      this Agreement or any rights or obligations hereunder without the prior written
      consent of the other. 

     

    h. 
Third
      Party Beneficiaries.
      This
      Agreement is intended for the benefit of the parties hereto and their respective
      permitted successors and assigns, and is neither for the benefit of, nor may
      any
      provision hereof be enforced by, any other person.

     

    i. 
Survival.
      The
      representations and warranties of the Buyer set forth in Section 2 hereof shall
      survive the Closing for a period of six months. The Buyer agrees to indemnify
      and hold harmless the Company and its officers, directors, employees and agents
      for loss or damage arising as a result of or related to any material breach
      by
      the Buyer of any of its representations, warranties and covenants set forth
      in
      Section 2 hereof. 

     

    j. 
Further
      Assurances.
      Each
      party shall do and perform, or cause to be done and performed, all such further
      acts and things, and shall execute and deliver all such other agreements,
      certificates, instruments and documents, as the other party may reasonably
      request in order to carry out the intent and accomplish the purposes of this
      Agreement and the consummation of the transactions contemplated
      hereby.

     

    k. 
No
      Strict Construction.
      The
      language used in this Agreement will be deemed to be the language chosen by
      the
      parties to express their mutual intent, and no rules of strict construction
      will
      be applied against any party.

     

    

     

    [REMAINDER
      OF PAGE INTENTIONALLY LEFT BLANK]

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Buyer and the Company have caused this Agreement to be
      duly
      executed as of the date first above written.

     

    Q
      COMM
      INTERNATIONAL, INC.

          

    

     

    By:
      ________________________

    Michael
      D. Keough

    Chief
      Executive Officer

     

    

     

    

     

    Jurika
      Family Trust U/A 1989

    

    

    By:
      _________________________

    Name:
      William K. Jurika

    Title:
      Trustee

    

    

    RESIDENCE:
      California

     

    ADDRESS:

     

    c/o
      Jurika & Associates

    2030
      Franklin Street, Suite 210

    Oakland,
      California 94612

    Tax
      ID
      No. 

     

     

     

    
       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

     

    
      
        

        

      

       

      Exhibit
        “A”

      

      THIS
        NOTE
        HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
        “ACT”). THIS NOTE MAY NOT BE SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF AN
        EFFECTIVE REGISTRATION STATEMENT UNDER SAID ACT, OR AN OPINION OF COUNSEL
        IN
        FORM, SUBSTANCE AND SCOPE CUSTOMARY FOR OPINIONS OF COUNSEL IN COMPARABLE
        TRANSACTIONS THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR UNLESS SOLD
        PURSUANT TO RULE 144 UNDER SAID ACT.

      

      

      PROMISSORY
        NOTE

      

      Orem,
        Utah

      
        	
                 

                July
                  7, 2005

              	
                 

                $614,000.00

              

      

      

      FOR
        VALUE
        RECEIVED, Q COMM INTERNATIONAL, INC., a Utah corporation (hereinafter called
        the
“Borrower”), hereby promises to pay to the order of Jurika Family Trust U/A 1989
        (the “Holder”) the sum of SIX HUNDRED FOURTEEN THOUSAND DOLLARS ($614,000), on
        July 7, 2007 (the “Maturity Date”), and to pay interest on the unpaid principal
        balance hereof at the rate of five percent (5%) per annum (the “Initial Interest
        Rate”) from the date hereof (the “Issue Date”) until the same becomes due and
        payable, whether at maturity or upon acceleration or by prepayment or otherwise.
        The entire principal and accrued interest shall be due and payable in a single
        lump sum on the Maturity Date. All payments due hereunder shall be made in
        lawful money of the United States of America. This Note shall be
        unsecured.

      

      The
        following terms shall apply to this Note:

      

      ARTICLE
        I. EVENTS OF DEFAULT

      

      If
        any of
        the following events of default (each, an “Event of Default”) shall
        occur:

      

      1.1 
Failure
        to Pay Principal or Interest.
        The
        Borrower fails to pay the principal hereof or interest thereon when due on
        this
        Note, at the due date therefor and such failure shall continue for a period
        of
        45 days after written notice thereof to the Borrower from the
        Holder.

      

      1.2 
Breach
        of Covenants.
        The
        Borrower breaches any material term of this Note, the Securities Purchase
        Agreement, dated the date hereof, between the Borrower and the Holder pursuant
        to which this Note is being issued, the Stock Purchase Warrant, dated the
        date
        hereof, issued by the Borrower to the Holder pursuant to the Purchase Agreement
        (the “Purchase Agreement”), and, if curable, such breach continues for a period
        of 45 days after written notice thereof to the Borrower from the
        Holder.

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      

      1.3 
Receiver
        or Trustee.
        The
        Borrower or any subsidiary of the Borrower shall make an assignment for the
        benefit of creditors, or apply for or consent to the appointment of a receiver
        or trustee for it or for a substantial part of its property or business,
        or such
        a receiver or trustee shall otherwise be appointed.

      

      1.4 
Bankruptcy.
        Bankruptcy, insolvency, reorganization or liquidation proceedings or other
        proceedings for relief under any bankruptcy law or any law for the relief
        of
        debtors shall be instituted by or against the Borrower or any subsidiary
        of the
        Borrower and if instituted against Borrower is not dismissed within sixty
        (60)
        days.

      

      ARTICLE
        II. MISCELLANEOUS

      

      2.1 
Failure
        or Indulgence Not Waiver.
        No
        failure or delay on the part of the Holder in the exercise of any power,
        right
        or privilege hereunder shall operate as a waiver thereof, nor shall any single
        or partial exercise of any such power, right or privilege preclude other
        or
        further exercise thereof or of any other right, power or privileges. All
        rights
        and remedies existing hereunder are cumulative to, and not exclusive of,
        any
        rights or remedies otherwise available.

      

      2.2 
Notices.
        Any
        notice herein required or permitted to be given shall be in writing and may
        be
        personally served or delivered by courier or sent by United States mail and
        shall be deemed to have been given upon receipt if personally served (which
        shall include telephone line facsimile transmission) or sent by courier or
        three
        (3) days after being deposited in the United States mail, certified, with
        postage pre-paid and properly addressed, if sent by mail. For the purposes
        hereof, the address of the Holder shall be as shown on the records of the
        Borrower; and the address of the Borrower shall be 510 Technology Avenue,
        Building C, Orem, Utah 84097. Both the Holder and the Borrower may change
        the
        address for service by service of written notice to the other as herein
        provided.

      

      2.3 
Amendments.
        This
        Note and any provision hereof may only be amended by an instrument in writing
        signed by the Borrower and the Holder. The term “Note” and all reference
        thereto, as used throughout this instrument, shall mean this instrument as
        originally executed, or if later amended or supplemented, then as so amended
        or
        supplemented. 

      

      2.4 
Assignability.
        This
        Note shall be binding upon the Borrower and its successors and assigns, and
        shall inure to be the benefit of the Holder and its successors and assigns.
        The
        Borrower may assign its obligations hereunder without the prior written consent
        of the Holder. The Holder may not assign its obligations hereunder without
        the
        prior written consent of the Borrower. 

      

      2.5 
Governing
        Law.
        This
        Agreement shall be enforced, governed by and construed in accordance with
        the
        laws of the State of Utah applicable to agreements made and to be performed
        entirely within such state, without regard to the principles of conflict
        of
        laws. The parties hereto hereby submit to the exclusive jurisdiction of the
        United States Federal Courts located in Salt Lake City, Utah, with respect
        to
        any dispute arising under this agreement, the agreements entered into in
        connection herewith or the transactions contemplated hereby or thereby. The
        party that does not prevail in any dispute arising under this Agreement shall
        be
        responsible for all fees and expenses, including attorneys’ fees, incurred by
        the prevailing party in connection with such dispute.

      

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

      

      

      2.6 
Severability.
        In the
        event that any provision of this Note is invalid or enforceable under any
        applicable statute or rule of law, then such provision shall be deemed
        inoperative to the extent that it may conflict therewith and shall be deemed
        modified to conform with such statute or rule of law. Any provision hereof
        which
        may prove invalid or unenforceable under any law shall not affect the validity
        or enforceability of any other provision hereof.

      

      2.7 
Payments.
        All
        payments under this Note shall be applied as follows: (i) first to reimburse
        Holder for all fees, costs and other expenses incurred by Holder to enforce
        this
        Note and collect any amounts due and payable under this Note; (ii) second
        to all
        accrued and unpaid interest; and (iii) third, to the repayment of the
        outstanding principal amount due hereunder.

      

      

      

      ARTICLE
        III. PREPAYMENT

      

      3.1 
Prepayment.
        Notwithstanding anything to the contrary contained in this Note, the Borrower
        may prepay this Note, in whole or in part, at any time without premium or
        penalty.

      

      

      

      [REMAINDER
        OF PAGE INTENTIONALLY LEFT BLANK]

      

      

      

      [Signature
        Page to Follow]

      

      

      

      

      

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

      IN
        WITNESS WHEREOF, Borrower has caused this Debenture to be signed in its name
        by
        its duly authorized officer this 7th day of June, 2005.

       

      
        	 	
                 

                Q
                  COMM INTERNATIONAL, INC.

              
	 	
                 

                By:

              	 
	 	 	
                 

                Michael
                  D. Keough

              
	 	 	
                Chief
                  Executive Officer

              

      

      
 

       

       

       

       

       

       

       

       

       

       

       

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

    

     

    
      
        
          

          

        

        Exhibit
          “B”

        

        THIS
          WARRANT AND THE SHARES ISSUABLE UPON THE EXERCISE OF THIS WARRANT HAVE
          NOT BEEN
          REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. EXCEPT AS OTHERWISE
          SET
          FORTH HEREIN OR IN A SECURITIES PURCHASE AGREEMENT DATED AS OF JULY 7,
          2005,
          NEITHER THIS WARRANT NOR ANY OF SUCH SHARES MAY BE SOLD, TRANSFERRED OR
          ASSIGNED
          IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR SUCH SECURITIES
          UNDER
          SAID ACT OR, AN OPINION OF COUNSEL, IN FORM, SUBSTANCE AND SCOPE, CUSTOMARY
          FOR
          OPINIONS OF COUNSEL IN COMPARABLE TRANSACTIONS, THAT REGISTRATION IS NOT
          REQUIRED UNDER SUCH ACT OR UNLESS SOLD PURSUANT TO RULE 144 UNDER SUCH
          ACT.

        

        Right
          to Purchase 230,000 Shares of Common Stock.

        

        STOCK
          PURCHASE WARRANT

        

        THIS
          CERTIFIES THAT, for value received, Jurika Family Trust U/A 1989 (the “Holder”),
          is entitled to purchase from Q Comm International, Inc., a Utah corporation
          (the
“Company”), at any time or from time to time during the period specified in
          Paragraph 2 hereof, TWO HUNDRED THRITY THOUSAND (230,000) fully paid and
          nonassessable shares of the Company’s Common Stock (the “Common Stock”), at an
          exercise price per share equal to $3.51 (the “Initial Exercise Price”). The term
“Warrant Shares,” as used herein, refers to the shares of Common Stock
          purchasable hereunder. The Warrant Shares and the Initial Exercise Price
          are
          subject to adjustment as provided in Paragraph 4 hereof. The term “Warrants”
          means this Warrant issued pursuant to that certain Securities Purchase
          Agreement, dated as of July 7, 2005, between the Company and the Holder
          (the
“Securities Purchase Agreement”). Each capitalized term used herein, and not
          otherwise defined, shall have the meaning ascribed thereto in the Securities
          Purchase Agreement.

        

        This
          Warrant is subject to the following terms, provisions, and
          conditions:

        

        

        1. 
Manner
          of Exercise; Issuance of Certificates; Payment for Shares.
          Subject
          to the provisions hereof, this Warrant may be exercised by the Holder hereof,
          in
          whole or in part, by the surrender of this Warrant, together with a completed
          exercise agreement in the form attached hereto (the “Exercise Agreement”), to
          the Transfer Agent during normal business hours on any business day at
          the
          Transfer Agent’s principal executive offices (or such other office or agency of
          the Transfer Agent as it may designate by notice to the Holder hereof),
          and upon
          payment to the Company in cash, by certified or official bank check or
          by wire
          transfer for the account of the Company of the Exercise Price for the Warrant
          Shares specified in the Exercise Agreement. The Warrant Shares so purchased
          shall be deemed to be issued to the Holder hereof or such Holder’s

        designee,
          as the record owner of such shares, as of the close of business on the
          date on
          which this Warrant shall have been surrendered, the completed Exercise
          Agreement
          shall have been delivered, and payment shall have been made for such shares
          as
          set forth above. Certificates for the Warrant Shares so purchased, representing
          the aggregate number of shares specified in the Exercise Agreement, shall
          be
          delivered by the Transfer Agent to the Holder hereof within a reasonable
          time,
          not exceeding 14 business days, after this Warrant shall have been so exercised.
          The certificates so delivered shall be in such denominations as may be
          requested
          by the Holder hereof and shall be registered in the name of such Holder
          or such
          other name as shall be designated by such Holder. If this Warrant shall
          have
          been exercised only in part, then, unless this Warrant has expired, the
          Transfer
          Agent shall, at Company’s expense, at the time of delivery of such certificates,
          deliver to the Holder a new Warrant representing the number of shares with
          respect to which this Warrant shall not then have been exercised.

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

        2.    Period
          of Exercise.
          This
          Warrant is exercisable at any time or from time to time on or after July
          7, 2005
          and before 5:00 p.m., Salt Lake City time on July 7, 2010 (the “Exercise
          Period”).

        

        3.    Certain
          Agreements of the Company.
          The
          Company hereby covenants and

        agrees
          as
          follows: 

        

        

        (a)    Shares
          to be Fully Paid.
          All
          Warrant Shares will, upon issuance in accordance with the terms of this
          Warrant,
          be validly issued, fully paid, and nonassessable and free from all taxes,
          liens,
          and charges with respect to the issue thereof.

        

        (b)    Reservation
          of Shares.
          During
          the Exercise Period, the Company shall at all times have authorized, and
          reserved for the purpose of issuance upon exercise of this Warrant, a sufficient
          number of shares of Common Stock to provide for the exercise of this Warrant.
          

        

        (c)    Listing.
          The
          Company shall promptly secure the listing of the shares of Common Stock
          issuable
          upon exercise of the Warrant upon each national securities exchange or
          automated
          quotation system, if any, upon which shares of Common Stock are then listed
          (subject to official notice of issuance upon exercise of this Warrant)
          and shall
          maintain, so long as any other shares of Common Stock shall be so listed,
          such
          listing of all shares of Common Stock

        from
          time
          to time issuable upon the exercise of this Warrant; and the Company shall
          so
          list on each national securities exchange or automated quotation system,
          as the
          case may be, and shall maintain such listing of, any other shares of capital
          stock of the Company issuable upon the exercise of this Warrant if and
          so long
          as any shares of the same class shall be listed on such national securities
          exchange or automated quotation system.

        

        

        (d)    Successors
          and Assigns.
          This
          Warrant will be binding upon any entity succeeding to the Company by merger,
          consolidation, or acquisition of all or substantially all the Company’s assets.

        

        4.    Adjustment
          Provisions.
          During
          the Exercise Period, the Initial Exercise Price, (in this section, the
“Exercise
          Price”) and the number of Warrant Shares shall be subject to adjustment from
          time to time as provided in this Paragraph 4. In the event that any adjustment
          of the Exercise Price as required herein results in a fraction of a cent,
          such
          Exercise Price shall be rounded down to the nearest cent.

        

        
          
            
            

          

          
            2

            
              

            

          

          
            
            

          

        

        

        

        (a)    Subdivision
          or Combination of Common Stock.
          If the
          Company at any time subdivides (by any stock split, stock dividend,
          recapitalization, reorganization, reclassification or otherwise) the shares
          of
          Common Stock acquirable hereunder into a greater number of shares, then,
          after
          the date of record for effecting such subdivision, the Exercise Price in
          effect
          immediately prior to such subdivision will be proportionately reduced.
          If the
          Company at any time combines (by reverse stock split, recapitalization,
          reorganization, reclassification or otherwise) the shares of Common Stock
          acquirable hereunder into a smaller number of shares, then, after the date
          of
          record for effecting such combination, the Exercise Price in effect immediately
          prior to such combination will be proportionately increased.

        

        (b)    Adjustment
          in Number of Shares.
          Upon
          each adjustment of the Exercise Price pursuant to the provisions of this
          Paragraph 4, the number of shares of Common Stock issuable upon exercise
          of this
          Warrant shall be adjusted by multiplying a number equal to the Exercise
          Price in
          effect immediately prior to such adjustment by the number of shares of
          Common
          Stock issuable upon exercise of this Warrant immediately prior to such
          adjustment and dividing the product so obtained by the adjusted Exercise
          Price.

        

        (c)    Consolidation,
          Merger or Sale.
          In case
          of any consolidation of the Company with, or merger of the Company into
          any
          other corporation, or in case of any sale or conveyance of all or substantially
          all of the assets of the Company other than in connection with a plan of
          complete liquidation of the Company, then as a condition of such consolidation,
          merger or sale or conveyance, adequate provision will be made whereby the
          Holder
          of this Warrant will have the right to acquire and receive upon exercise
          of this
          Warrant in lieu of the shares of Common Stock immediately theretofore acquirable
          upon the exercise of this Warrant, such shares of stock, securities or
          assets as
          may be issued or payable with respect to or in exchange for the number
          of shares
          of Common Stock immediately theretofore acquirable and receivable upon
          exercise
          of this Warrant had such consolidation, merger or sale or conveyance not
          taken
          place if all shareholders of record of the Company’s Common Stock, as a result
          of such consolidation, merger or sale or conveyance, will exchange their
          shares
          for securities of any other corporation. In any such case, the Company
          will make
          appropriate provision to insure that the provisions of this Paragraph 4
          hereof
          will thereafter be applicable as nearly as may be in relation to any shares
          of
          stock or securities thereafter deliverable upon the exercise of this Warrant.
          The Company will not effect any consolidation, merger or sale or conveyance
          unless prior to the consummation thereof, the successor corporation (if
          other
          than the Company) assumes by written instrument the obligations under this
          Paragraph 4 and the obligations to deliver to the Holder of this Warrant
          such
          shares of stock, securities or assets as, in accordance with the foregoing
          provisions, the Holder may be entitled to acquire. 

        

        (d)    Distribution
          of Assets.
          In case
          the Company shall declare or make any distribution of its assets (including
          cash) to holders of Common Stock as a partial liquidating dividend, by
          way of
          return of capital or otherwise, then, after the date of record for determining
          stockholders entitled to such distribution, but prior to the date of
          distribution, the Holder of this

        Warrant
          shall be entitled upon exercise of this Warrant for the purchase of any
          or all
          of the shares of Common Stock subject hereto, to receive the amount of
          such
          assets which would have been payable to the Holder had such Holder been
          the
          holder of such shares of Common Stock on the record date for the determination
          of stockholders entitled to such distribution.

        

        
          
            
            

          

          
            3

            
              

            

          

          
            
            

          

        

         

        

        (e)    Notice
          of Adjustment.
          Upon
          the occurrence of any event which requires any adjustment of the Exercise
          Price,
          then, and in each such case, the Company shall give notice thereof to the
          Holder
          of this Warrant, which notice shall state the Exercise Price resulting
          from such
          adjustment and the increase or decrease in the number of Warrant Shares
          purchasable at such price upon exercise, setting forth in reasonable detail
          the
          method of calculation and

        the
          facts
          upon which such calculation is based.

        

        

        (f)    Minimum
          Adjustment of Exercise Price.
          No
          adjustment of the Exercise Price shall be made in an amount of less than
          1% of
          the Exercise Price in effect at the time such adjustment is otherwise required
          to be made, but any such lesser adjustment shall be carried forward and
          shall be
          made at the time and together with the next subsequent adjustment which,
          together with any adjustments so carried forward, shall amount to not less
          than
          1% of such

        Exercise
          Price.

        

        

        (g)    No
          Fractional Shares.
          No
          fractional shares of Common Stock are to be issued upon the exercise of
          this
          Warrant, but the Company shall pay a cash adjustment in respect of any
          fractional share which would otherwise be issuable in an amount equal to
          the
          same fraction of the Market Price of a share of Common Stock on the date
          of such
          exercise.

        

        

        

        5.    No
          Rights or Liabilities as a Shareholder.
          This
          Warrant shall not entitle the Holder hereof to any voting rights or other
          rights
          as a shareholder of the Company. No provision of this Warrant, in the absence
          of
          affirmative action by the Holder hereof to purchase Warrant Shares, and
          no mere
          enumeration herein of the rights or privileges of the Holder hereof, shall
          give
          rise to any liability of such Holder for the Exercise Price or as a shareholder
          of the Company, whether such liability is asserted by the Company or by
          creditors of the Company.

        

        6.    Transfer
          and Replacement of Warrant.

        

        (a)    Restriction
          on Transfer.
          This
          Warrant and the rights granted to the Holder hereof are not transferable,
          in
          whole or in part.

        

        (b)    Replacement
          of Warrant.
          Upon
          receipt of evidence reasonably satisfactory to the Company of the loss,
          theft,
          destruction, or mutilation of this Warrant and, in the case of any such
          loss,
          theft, or destruction, upon delivery of an indemnity agreement reasonably
          satisfactory in form and amount to the Company, or, in the case of any
          such
          mutilation, upon surrender and cancellation of this Warrant, the Company,
          at its
          expense, will execute and deliver, in lieu thereof, a new Warrant of like
          tenor.

        

        (c)    Cancellation;
          Payment of Expenses.
          Upon
          the surrender of this Warrant in connection as provided in this Paragraph
          6,
          this Warrant shall be promptly canceled by the Company. The Company shall
          pay
          all taxes (other than securities transfer taxes) and all other expenses
          (other
          than legal expenses, if any, incurred by the holder) and charges payable
          in
          connection with the preparation, execution, and delivery of Warrants pursuant
          to
          this Paragraph 6.

        

        
          
            
            

          

          
            4

            
              

            

          

          
            
            

          

        

        

        

        (d)    Register.
          The
          Company shall maintain, at its principal executive offices (or such other
          office
          or agency of the Company as it may designate by notice to the Holder hereof),
          a
          register for this Warrant, in which the Company shall record the name and
          address of the person in whose name this Warrant has been issued.

        

        (e)    Exercise
          Without Registration.
          If, at
          the time of the surrender of this Warrant in connection with any exercise
          of
          this Warrant, this Warrant (or, in the case of any exercise, the Warrant
          Shares
          issuable hereunder), shall not be registered under the Securities Act of
          1933,
          as amended (the “Securities Act”) and under applicable state securities or blue
          sky laws, the Company may require, as a condition of allowing such exercise,
          (i)
          that the Holder of this Warrant, as the case may be, furnish to the Company
          a
          written opinion of counsel, which opinion and counsel are acceptable to
          the
          Company, to the effect that such exercise may be made without registration
          under
          said Act and under applicable state securities or blue sky laws, and (ii)
          that
          the Holder execute and deliver to the Company an investment letter inform
          and
          substance acceptable to the Company.

         

        7.    Notices.
          All
          notices, requests, and other communications required or permitted to be
          given or
          delivered hereunder to the Holder of this Warrant shall be in writing,
          and shall
          be personally delivered, or shall be sent by certified or registered mail
          or by
          recognized overnight mail courier, postage prepaid and addressed, to such
          Holder
          at the address shown for such holder on the books of the Company, or at
          such
          other address as shall have been furnished to the Company by notice from
          such
          Holder. All notices, requests, and other communications required or permitted
          to
          be given or delivered hereunder to the Company shall be in writing, and
          shall be
          personally delivered, or shall be sent by certified or registered mail
          or by
          recognized overnight mail courier, postage prepaid and addressed, to the
          office
          of the Company at 510 Technology Avenue, Building C, Orem, Utah 84097,
          Attention: Chief Executive Officer, or at such other address as shall have
          been
          furnished to the Holder of this Warrant by notice from the Company. Any
          such
          notice, request, or other communication may be sent by facsimile, but shall
          in
          such case be subsequently confirmed by a writing personally delivered or
          sent by
          certified or registered mail or by recognized overnight mail courier as
          provided
          above. All notices, requests, and other communications shall be deemed
          to have
          been given either at the time of the receipt thereof by the person entitled
          to
          receive such notice at the address of such person for purposes of this
          Paragraph
          7, or, if mailed by registered or certified mail or with a recognized overnight
          mail courier upon deposit with the United States Post Office or such overnight
          mail courier, if postage is prepaid and the mailing is properly addressed,
          as
          the case may be.

        

        8.    Miscellaneous.

        

        (a)    Amendments.
          This
          Warrant and any provision hereof may only be amended by an instrument in
          writing
          signed by the Company and the Holder hereof.

        

        (b)    Descriptive
          Headings.
          The
          descriptive headings of the several paragraphs of this Warrant are inserted
          for
          purposes of reference only, and shall not affect the meaning or construction
          of
          any of the provisions hereof.

        

        
          
            
            

          

          
            5

            
              

            

          

          
            
            

          

        

        

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

        
          	 	
                   

                   

                   

                  Q
                    COMM INTERNATIONAL, INC.

                
	 	
                   

                   

                   

                  By:

                	 
	 	 	
                   

                   

                   

                  Michael
                    D. Keough

                
	 	 	
                   

                  Chief
                    Executive Officer

                

        

        

        

        Dated
          July 7, 2005

        

        

        

        
          
            
            

          

          
            6

            
              

            

          

          
            
            

          

        

        FORM
          OF EXERCISE AGREEMENT

        

        

        

        Dated:
          ________ __, 200__    

        

        To:      
          Q
          Comm
          International, Inc.

        

        The
          undersigned, pursuant to the provisions set forth in the within Warrant,
          hereby
          agrees to purchase ________ shares of Common Stock covered by such Warrant,
          and
          makes payment herewith in full therefor at the price per share provided
          by such
          Warrant in cash or by certified or official bank check in the amount of
          $_________. Please issue a certificate or certificates for such shares
          of Common
          Stock in the name of and pay any cash for any fractional share to:

        
          	 	
                   

                  Name:

                	 	 
	 	
                  Signature:
                    

                	 	 
	 	
                   

                  Address:
                    

                	 	 
	 	
                   

                  Note:
                    

                	
                   

                  The
                    above signature should correspond exactly with the name on the
                    face of the
                    within Warrant, if applicable. 

                	 

        

        

        

        and,
          if
          said number of shares of Common Stock shall not be all the shares purchasable
          under the within Warrant, a new Warrant is to be issued in the name of
          said
          undersigned covering the balance of the shares purchasable thereunder less
          any
          fraction of a share paid in cash. 

        

        

        

        

        

        

        

        

        

        

        

        

        7

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