Document:

<PAGE>

                                                                   Exhibit 4.7

                               PURCHASE AGREEMENT

         THIS NOTE PURCHASE AGREEMENT (the "Agreement") is effective as of this
9th day of December, 2003 between Epixtar Corp., its subsidiaries and Note
Investors by and among Epixtar Corp., a Florida corporation, with offices at
11900 Biscayne Boulevard, Miami, Florida 33181 (the "Company") and the
purchasers executing this Agreement as set forth on the signature page
(collectively, the "Purchasers").

                                    RECITALS

         WHEREAS, simultaneously with the execution of this Agreement the
Purchasers executing this Agreement now or on any subsequent date desire to
purchase 7% Secured Convertible Notes of the Company (the "Notes") and five-year
Warrants (the "Warrants") to purchase common stock of the Company (the "Common
Stock") at an exercise price of $5.00 along with such registration rights as set
forth in the Registration Rights Agreement (the "Registration Rights
Agreement");

         WHEREAS, the Notes shall have the terms set forth in the form attached
as Exhibit "A" hereto, the Warrants shall be in the form attached hereto as
Exhibit "B" and the Registration Rights Agreement shall be in the form attached
hereto as Exhibit "C";

         WHEREAS, in conjunction with the Notes, the Company has executed a
Security Agreement (the "Security Agreement") securing the payment of the Notes,
in the form of the attached Exhibit "D"; and

         WHEREAS, the Notes and the Warrants shall be sold in "Units" consisting
of a Note in the minimum amount of $100,000 and one Warrant to purchase 12,500
shares of Common Stock with up to 15 units offered (hereinafter, the Notes,
Warrants, and any shares of Common Stock issued upon conversion of the Notes or
exercise of the Warrants shall be referred to, collectively, as the
"Securities").

         NOW THEREFORE, in consideration of the mutual promises contained herein
and other good and valuable consideration, the receipt of which is hereby
acknowledged, the parties, to this Agreement desiring to be legally bound hereby
agree as follows:

                                    AGREEMENT

         1. Purchase and Sale of Notes; Issuance of Warrant. Simultaneously with
the receipt of payment of the purchase price by check or by wire transfer to the
Company's bank account and (i) this Agreement (ii) the Security Agreement and
(iii) the Registration Rights Agreement executed by each of the Purchasers, the
Company shall deliver to each Purchaser the Notes and Warrants to be purchased
by such Purchaser. The date on which such exchange takes place shall be referred
to hereinafter as the "Closing Date."

                                       1

<PAGE>

         2. Representations and Warranties of the Company. Except as set forth
in the attached Schedule of Exceptions, ("Schedule") or in the Securities
Filings as hereafter defined, the Company hereby represents and warrants to each
Purchaser as follows:

                  (a) Organization, Good Standing and Power. The Company is a
corporation duly incorporated validly existing and in good standing under the
laws of Florida and has all requisite corporate authority to own, lease and
operate its properties and assets and to carry on its business as now being
conducted. The Company is duly qualified or licensed as a foreign corporation
and is in good standing in all jurisdictions where the nature of its business or
property makes such qualification or licensing necessary and where the failure
to do so would have a material adverse effect on its condition (financial or
otherwise), business, properties, assets, liabilities (including contingent
liabilities), results of operations or current prospects of the Company and its
subsidiaries, taken as a whole (hereinafter a "Material Adverse Effect").

                  (b) Corporate Power. The Company will have at the Closing Date
all requisite legal and corporate power to execute and deliver this Agreement,
the Notes, the Warrant, the Registration Rights Agreement and the Security
Agreement (the Warrant, the Registration Rights Agreement and the Security
Agreement are hereinafter collectively referred to as the "Related Agreements")
and to consummate any other transactions contemplated by the terms of this
Agreement and the Related Agreements, including the delivery of certificates for
the Notes and to carry out and perform its obligations under the terms of this
Agreement and the Related Agreements.

                  (c) Authorization, Enforcement. (i) The execution and delivery
of the Agreement, the Notes, and Related Agreements by the Company and the
consummation by it of the transactions contemplated hereby and thereby have been
duly authorized by all necessary corporate action and no further consent or
authorization of the Company or its Board of Directors or stockholders is
required, and (ii) the Agreement, the Notes and Related Agreements have been
duly executed and delivered by the Company, and at the Closing shall constitute
valid and binding obligations of the Company enforceable against the Company in
accordance with its terms, except as such enforceability may be limited by
applicable bankruptcy, insolvency, reorganization, moratorium, liquidation,
conservatorship, receivership or similar laws relating to, or affecting
generally the enforcement of, creditor's rights and remedies or by other
equitable principles of general application.

                  (d) Capitalization

                           (i) Capital Stock. The authorized capital stock of
the Company consists of (1) 50,000,000 shares of Common Stock of which
10,668,067 shares will be issued and outstanding immediately prior to the
Closing Date and (2) 10,000,000 shares of Preferred Stock to be issued in series
of which 250,000 shares has been designated as Series A and of which 23,510
shall be issued and outstanding prior to the Closing Date other than the shares
to be issued pursuant to conversion of the Notes or exercise of the Warrants.
The outstanding shares of capital stock of the Company have been duly authorized
and validly issued, are fully paid and nonassessable, and were issued in
compliance with all applicable federal and state securities laws.

                                       2

<PAGE>

                           (ii) Reserved Capital Stock. The Company has reserved
a sufficient number of shares of Common Stock for issuance upon conversion of
the Notes and exercise of the Warrants. The Company has presently reserved (1)
4,000,000 shares of its Common Stock for issuance to employees, consultants or
directors under its Stock Option Plan, and (2) our 5,000,000 shares of Common
Stock for issuance pursuant to outstanding warrants.

                           (iii) Obligations With Respect to Capital Stock.
Except as set forth in this Agreement, the Schedule or Securities Filings (as
defined in Section 2(k) hereinafter) no options, warrants, subscriptions or
purchase rights of any nature to acquire from the Company shares of capital
stock or other securities are authorized, issued or outstanding, nor is the
Company obligated under its charter documents or under any agreement by which
the Company is bound to issue shares of its capital stock or other securities,
except as contemplated by this Agreement. There are no restrictions on the
transfer of shares of capital stock of the Company other than those imposed by
relevant federal and state securities laws and as otherwise contemplated by this
Agreement. To the Company's best knowledge except as provided for in the
Articles of Amendment, there are no agreements, understandings, trusts or other
collaborative arrangements or understandings concerning the voting of the
capital stock of the Company.

                  (e) Solvency. The Company is solvent.

                  (f) No Conflicts. The execution, delivery and performance of
this Agreement the Notes, and the Related Agreements by the Company and the
consummation by the Company of the transactions contemplated herein do not and
will not (i) violate any provision of the Company's Articles of Incorporation or
Bylaws, (ii) conflict with, or constitute a default (or an event which with
notice or lapse of time or both would become a default) under, or give to others
any rights of termination, amendment, acceleration or cancellation of, any
agreement, mortgage, deed of trust, indenture, note, bond, license, lease
agreement, instrument or obligation to which the Company is a party, (iii)
create or impose a lien, charge or encumbrance on any property of the Company
under any agreement or any commitment to which the Company is a party or by
which the Company is bound or by which any of its respective properties or
assets are bound, or (iv) result in a violation of any federal, state, local or
other foreign statute, rule, regulation, order, judgment or decree (including
any federal or state securities laws and regulations) applicable to the Company
or any of its subsidiaries or by which any property or asset of the Company or
any of its subsidiaries are bound or affected, except, in all cases, for such
conflicts, defaults, termination, amendments, accelerations, cancellations and
violations as would not, individually or in the aggregate, have a Material
Adverse Effect.

                  (g) Financial Statements. The financial statements of the
Company comply as to form in all material respects with applicable accounting
requirements under GAAP or other applicable rules and regulations with respect
thereto. Such financial statements have been prepared in accordance with GAAP
applied on a consistent basis during the periods involved (except (i) as may be
otherwise indicated in such financial statements or the notes thereto or (ii) in
the case of unaudited interim statements, to the extent they may not include
footnotes or may be condensed or summary statements), and fairly present in all
material respects the financial position of the Company and its subsidiaries as
of the dates thereof and the results of operations and cash flows for the

                                       3

<PAGE>

periods then ended (subject, in the case of unaudited statements, to normal
year-end audit adjustments). For purposes hereof, the term "GAAP" shall mean the
United States Generally Accepted Accounting Principles as those conventions,
rules and procedures are determined by the Financial Accounting Standard Board
and its predecessor or successor agencies.

                  (h) No Undisclosed Liabilities. The Company has no
liabilities, obligations, claims or losses (whether liquidated or unliquidated,
secured or unsecured, absolute, accrued, contingent or otherwise) that would be
required to be disclosed on a balance sheet of the Company or any subsidiary
(including the notes thereto) in conformity with GAAP which are not disclosed in
the Schedule of Exceptions, other than those incurred in the ordinary course of
the Company's business since June 30, 2003 and which, individually or in the
aggregate, do not or would not have a Material Adverse Effect on the Company.

                  (i) Compliance with Law. The Company has all franchises,
permits, licenses, consents and other governmental or regulatory authorizations
and approvals necessary for the conduct of its business as now being conducted
by it unless the failure to possess such franchises, permits, licenses, consents
and other governmental or regulatory authorizations and approvals, individually
or in the aggregate, could not reasonably be expected to have a Material Adverse
Effect.

                  (k) SEC Reports. The Company has filed in a timely manner all
documents that the Company was required to file under the Securities Exchange
Act of 1934 as amended (the "Exchange Act") during the 12 months preceding the
date of this Agreement and such documents and the Company's registration
statement under the Securities Act of 1933 as amended, (the "Securities Act") on
form SB-2 (collectively, the "Securities Filings") complied as to form in all
material respects with the SEC's requirements as of their respective filing
dates, and the information contained therein as of the date thereof did not
contain any untrue statement of a material fact or omit to state a material fact
required to be stated therein or necessary to make the statements therein in
light of the circumstances under which they were made not misleading.

                  (l) Books and Records. The records and documents of the
Company accurately reflect in all material respects the information relating to
the business of the Company, the location and collection of its assets, and the
nature of all transactions giving rise to the obligations or accounts receivable
of the Company.

                  (m) Securities Laws. The Company has complied and will comply
with all applicable federal and state securities laws in connection with the
offer, issuance and sale of the Securities hereunder. Neither the Company nor
anyone acting on its behalf, directly or indirectly, has or will sell, offer to
sell or solicit offers to buy the Securities or similar securities to, or
solicit offers with respect thereto from, or enter into any preliminary
conversations or negotiations relating thereto with, any person (other than the
Purchasers), so as to bring the issuance and sale of the Securities under the
registration provisions of the Securities Act and applicable state securities
laws. Neither the Company nor any of its affiliates, nor any person acting on
its or their behalf, has engaged in any form of general solicitation or general
advertising (within the meaning of Regulation D under the Securities Act) in
connection with the offer or sale of the Securities.

                                       4

<PAGE>

                  (n) Changes. Since June 30, 2003 (the "Statement Date"), there
has not been: any change in the assets, liabilities, financial condition or
operating results of he Company from that reflected in the Financial Statements,
except changes in the ordinary course of business that have not been, in the
aggregate, materially adverse.

                  (o) Litigation. There are no actions, suits, proceedings or
investigations pending or, to the Company's knowledge, threatened against, the
Company or its properties (not, to the Company's knowledge against any of the
officers or directors of the Company) before any court, arbitrator or
governmental agency which, in the case of actions, suits, proceedings or
investigations pending or threatened against officers or directors of the
Company, either in any case or in the aggregate, might result in any material
adverse change in the business or financial condition of the Company or any of
its properties or assets, or in any material impairment of the right or ability
of the Company to carry on its business as now conducted or as proposed to be
conducted, or in any material liability on the part of the Company, and none
which questions the validity of the Agreements, the right of the Company to
enter into the Agreements or consummate the transactions contemplated hereby or
thereby, or any action taken or to be taken in connection herewith, nor is the
Company aware that there is a reasonable basis for any of the foregoing.

                  (p) Brokers or Finders; Other Offers. Except for fees payable
to a finder. As hereinafter set forth, the Company has not incurred, and will
not incur, directly or indirectly, as a result of any action taken by the
Company, any liability for brokerage or finder's fees or agent's commissions or
any similar charges in connection with this Agreement and the Related
Agreements.

                  (q) Disclosure. The Company has fully provided each Purchaser
with all the information which such Purchaser has requested for deciding whether
to acquire the Securities and all information which the Company believes is
reasonably necessary to enable such Purchaser to make such decision. No
representation or warranty of the Company contained in this Agreement, the Notes
and the Related Agreements and the exhibits and schedules attached hereto and
thereto, any certificate furnished or to be furnished to Purchasers at the
Closing or other written information furnished to the Purchasers or their
counsel in connection with the transactions contemplated by this Agreement and
the Related Agreements contains any untrue statement of a material fact or omits
to state a material fact necessary in order to make the statements contained
herein or therein not misleading in light of the circumstances under which they
were made. There is no fact known to the Company that has not been disclosed
herein or in the Related Agreements, or in any other agreement, document or
written statement furnished by the Company to the Purchasers in connection with
the transactions contemplated hereby and thereby which is specific to the
Company, as opposed to the industry in which the Company operates, and which
materially adversely affects or is reasonably likely to materially and adversely
affect the business, properties, assets or financial condition of the Company

                  (t) Customers and Suppliers. No customer or supplier that was
significant to the Company during the period covered by the Financial Statements
or that has been significant to the Company thereafter, has terminated,
materially reduced or, to the Company's knowledge, threatened to terminate or
materially reduce its purchases from or provision of products or services to the
Company, as the case may be.

                                       5

<PAGE>

         3. Representations and Warranties of Purchasers.

                  (a) Investment Intent. Each of the Purchasers represents,
individually, that he/she/it has acquired the Notes and Warrants, and will
acquire the shares of Common Stock issuable upon the conversion of the Notes or
the exercise of the Warrants (hereinafter, the "Shares") for investment and not
with a view to, or for sale in connection with, any distribution thereof nor
with any present intention to sell the Shares. The undersigned will not offer or
transfer the Shares except pursuant to an effective registration statement
pursuant to the Securities Act of 1933 (the "Securities Act") or an exemption
from such requirements as set forth in an opinion of counsel. The certificates
for the Shares shall contain a legend to such effect and be subject to a stop
transfer order. No other person has a direct or indirect beneficial interest in
the Shares. Except as set forth herein, the Company has no obligation to
register the Shares under the Securities Act, or to assist the undersigned in
complying with an exemption from registration under the Securities Act.

                  (b) Experience. Each of the Purchasers represents and warrants
that he/she/it has such knowledge and experience in financial and business
matters that he/she/it is and will be capable of evaluating the risks and merits
of an investment in the Shares to be purchased hereby and that each is able to
bear the economic risks, including total loss, of investing in the Shares.

                  (c) No Review. Each of the Purchasers understands that no
federal or foreign agency has passed upon the Shares or made any findings or
determination as to the fairness of this investment.

                  (d) Approvals Required. No approval, authorization, consent,
order or other action of, or filing with, any person, firm or corporation or any
court, administrative agency or other governmental authority is required in
connection with the execution and delivery of this Agreement by the each of the
Purchasers or the consummation of the transactions described herein, except as
disclosed herein and, except to the extent that each of them or the Company is
required to file reports in accordance with relevant regulations under Federal
securities laws.

                  (e) Accuracy of Information. All information furnished in the
Note Purchase Agreement completed by the undersigned is true and correct in all
respects.

                  (f) Acknowledgement of Risks. Each of the Purchasers
acknowledges the existence of the risks set forth in the Securities Filings
including a risk that the Company may not be able to operate at a profit.

                  (g) Accredited Investor. Each of the Purchasers further
represents that he/she/it is an Accredited Investor within the meaning of
Regulation D because the Purchasers is one of the types of persons listed below
as indicated by such person's check of the appropriate category. (Please check
the appropriate paragraph[s]).

                                       6

<PAGE>

         (1) Any bank as defined in section 3(a)(2) of the Act, or any savings
 -----   and loan association or other institution as defined in section
         3(a)(5)(A) of the Act whether acting in its individual or fiduciary
         capacity; any broker or dealer registered pursuant to section 15 of the
         Securities Exchange Act of 1934; any insurance company as defined in
         section 2(13) of the Act; any investment company registered under the
         Investment Company Act of 1940 or a business development company as
         defined in section 2(a)(48) of that Act; any Small Business Investment
         Company licensed by the U.S. Small Business Administration under
         section 301(c) or (d) of the Small Business Investment Act of 1958; any
         plan established and maintained by a state, its political subdivisions,
         or any agency or instrumentality of a state or its political
         subdivisions, for the benefit of its employees, if such plan has total
         assets in excess of $5,000,000; any employee benefit plan within the
         meaning of the Employee Retirement Income Security Act of 1974 if the
         investment decision is made by a plan fiduciary, as defined in section
         3(21) of such Act, which is either a bank, savings and loan
         association, insurance company, or registered investment adviser, or if
         the employee benefit plan has total assets in excess of $5,000,000 or,
         if a self-directed plan, with investment decisions made solely by
         persons that are accredited Investors;

         (2) Any private business development company as defined in section
 -----   202(a)(22) of the Investment Advisers Act of 1940;

   X     (3) Any organization described in section 501(c)(3) of the Internal
 -----   Revenue Code, corporation, Massachusetts or similar business trust, or
         partnership, not formed for the specific purpose of acquiring the
         securities offered, with total assets in excess of $5,000,000;

         (4) Any director, executive officer, or general partner of the issuer
 -----   of the securities being offered or sold, or any director, executive
         officer, or general partner of a general partner of that issuer;

         (5) Any natural person whose individual net worth, or joint net worth
 -----   with that person's spouse, at the time of his purchase exceeds
         $1,000,000;

         (6) Any natural person who had an individual income in excess of
 -----   $200,000 in each of the two most recent years or joint income with that
         person's spouse in excess of $300,000 in each of those years and has a
         reasonable expectation of reaching the same income level in the current
         year;

         (7) Any trust, with total assets in excess of $5,000,000, not formed
 -----   for the specific purpose of acquiring the securities offered, whose
         purchase is directed by a sophisticated person as described in Section
         230.506(b)(2)(ii); and

         (8) Any entity in which all of the equity owners are accredited
 -----   investors or whose net worth is at least $5 million.

                                       7

<PAGE>

                  (h) Representations and Warranties. The foregoing
representations and warranties are true as of the Closing Date. If such
representation and warranties shall not be true in any respect prior to such
date, each of the Purchasers will give prompt written notice of such fact to the
Company.

                  (i) Further Acknowledgments. Each of the Purchasers further
acknowledges that he/she/it has carefully reviewed the Securities Filings. Each
of them has had the opportunity to ask questions and receive answers from
representatives of the Company. The Company has made available to the Purchasers
all documents requested and has provided answers to all of their questions
relating to an investment in the Company. In evaluating their decisions to
purchase the Notes and Warrants subscribed for, each of the Purchasers has
relied solely upon information contained in the Schedule or the Securities
Filings and independent investigations made by them.

                  4. Miscellaneous.

                  (a) Successors and Assigns. The terms and conditions of this
Agreement shall inure to the benefit of and be binding upon the respective
successors and assigns of the parties. Nothing in this Agreement, express or
implied, is intended to confer upon any party other than the parties hereto or
their respective successors and assigns any rights, remedies, obligations or
liabilities under or by reason of this Agreement, except as expressly provided
in this Agreement.

                  (b) Governing Law; Jurisdiction. This Agreement and all acts
and transactions pursuant hereto and the rights and obligations of the parties
hereto shall be governed, construed and interpreted in accordance with the
internal laws of the State of Florida, without giving effect to principles of
conflicts of law thereof. In addition, the parties hereto agree that (i) any
legal suit, action or proceeding arising out of or relating to this Agreement
shall be instituted exclusively in the courts of the State of Florida for and in
Miami, Florida, (ii) waive any objection which the parties may have now or
hereafter based upon forum non conveniens or to the venue of any such suit,
action or proceeding, and (iii) irrevocably consent to the jurisdiction of the
federal and state courts for and in Miami, Florida in any such suit, action or
proceeding. FURTHER, THE PARTIES HERETO HEREBY WAIVE TRIAL BY JURY IN ANY ACTION
TO ENFORCE THIS AGREEMENT AND IN CONNECTION WITH ANY DEFENSE, COUNTERCLAIM OR
CROSS CLAIM ASSERTED IN ANY SUCH ACTION.

                  (c) Counterparts. This Agreement may be executed in two or
more counterparts, each of which shall be deemed an original and all of which
together shall constitute one instrument. In the event that any signature is
delivered by facsimile transmission, such signature shall create a valid binding
obligation of the party executing (or on whose behalf such signature is
executed) the same with the same force and effect as if such facsimile signature
were the original thereof.

                  (d) Titles and Subtitles. The titles and subtitles used in
this Agreement are used for convenience only and are not to be considered in
construing or interpreting this Agreement.

                                       8

<PAGE>

                  (e) Survival. The warranties, representations, agreements and
covenants of the Company contained in or made pursuant to this Agreement shall
survive the execution and delivery of this Agreement and the Closing.

                  (f) Notices. Any notice required or permitted by this
Agreement shall be in writing and shall be deemed sufficient upon receipt, when
delivered personally or by courier, overnight delivery service or confirmed
facsimile, or five days after being deposited in the U.S. mail as certified or
registered mail with postage prepaid with receipt. Such notice shall be
addressed to the Purchasers at such party's address as set forth on the
signature page and such notice if addressed to the Company shall be sent to the
address above (with a copy to Michael D. DiGiovanna, 212 Carnegie Center, Suite
206, Princeton, New Jersey, 08540) or as subsequently modified by written
notice.

                  (g) Amendments and Waivers. Any term of this Agreement may be
amended or waived only with the written consent of the Company and Purchasers
accounting for 67% in dollar amount of the purchases made in this offering. Any
amendment or waiver affected in accordance with this Section 5(g) shall be
binding upon the Purchasers, each future holder of the Securities, and the
Company.

                  (h) Severability. If one or more provisions of this Agreement
are held to be unenforceable under applicable law, the parties agree to
renegotiate such provision in good faith, in order to maintain the economic
position enjoyed by each party as close as possible to that under the provision
rendered unenforceable. In the event that the parties cannot reach a mutually
agreeable and enforceable replacement for such provision, then such provision
shall be excluded from this Agreement, and the balance of the Agreement shall be
enforceable in accordance with its terms.

                  (i) Entire Agreement. This Agreement, and the documents
referred to herein, constitute the entire agreement between the parties hereto
pertaining to the subject matter hereof, and any and all other written or oral
agreements existing between the parties hereto are expressly canceled.

                  (j) Expenses. The Company and each Purchaser shall pay their
respective costs and expenses incurred with respect to the negotiation,
execution, delivery and performance of this Agreement.

                   [REMAINDER OF PAGE LEFT INTENTIONALLY BLANK
                           SIGNATURE PAGES TO FOLLOW]

                                       9

<PAGE>

         IN WITNESS WHEREOF, the parties have executed this Note Purchase
Agreement as of the date first written above.

                                            THE COMPANY:

                                            Epixtar  Corp.

                                            By:
                                               ------------------------------
                                            Name: Martin Miller
                                            Title: Chairman and CEO

<PAGE>

   Generation Capital Associates

   By:
      ---------------------------------
         Fred A. Brasch, CFO

   Date:
        -------------------------------

   The Hart Organization Corp.

   By:
      ---------------------------------
         Frank E. Hart, President

   Date
       --------------------------------

---------------------------------------
          Howard Commander

<PAGE>

                                   PURCHASERS

<TABLE>
<CAPTION>
Signature Name and Address                  Amount                              Warrants to be
of Purchaser and tax
identification number                                                           Received
---------------------                                                           --------

<S>                                         <C>                                  <C>
Generation Capital Associates               $400,000                             50,000
1085 Riverside Trace                        --------                            -----------------------
Atlanta, GA 30328
Tel: 404 303-8450
Fax 404 257-9125

The Hart Organization Corp.                 $50,000                               6,250
1085 Riverside Trace                        -------                            -----------------------
Atlanta, GA 30328
Tel: 404 303-8450
Fax: 404 257-9125

Howard Commander                            $50,000                               6,250
Box 635                                     -------                            -----------------------
County Route 34
New Lebanon, N.Y. 12125

                                            $
-----------------------                       ---------------                  ---------------

-----------------------

-----------------------

                                            $
-----------------------                       ---------------                  ---------------

-----------------------

-----------------------
</TABLE>

<PAGE>

                                                                       EXHIBIT A

                                  Form of Note

<PAGE>

                                                                       EXHIBIT B

                                 Form of Warrant

<PAGE>

                                                                       EXHIBIT C

                                     Form of

                          REGISTRATION RIGHTS AGREEMENT

<PAGE>

                                                                       EXHIBIT D

                                     Form of

                               SECURITY AGREEMENT<PAGE>

                                                                  Exhibit 4.8.1

No. N-2003-________

         THIS NOTE AND THE COMMON SHARES ISSUABLE UPON CONVERSION OF THIS NOTE
         HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED.
         THIS NOTE AND THE COMMON SHARES ISSUABLE UPON CONVERSION OF THIS NOTE
         MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE
         ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS TO THIS NOTE OR THE
         COMMON SHARES ISSUABLE THEREUNDER UNDER SAID ACT OR AN OPINION OF
         COUNSEL REASONABLY SATISFACTORY TO EPIXTAR CORP., THAT SUCH
         REGISTRATION IS NOT REQUIRED.

                           7% SECURED CONVERTIBLE NOTE

                             Date: December 9, 2004

$500,000                                                          Miami, Florida

                  FOR VALUE RECEIVED, EPIXTAR CORP., a Florida corporation
("Epixtar") and each subsidiary of Epixtar executing this Note (hereinafter
collectively "the "Borrower") jointly and severally promise to pay to the
persons listed on Schedule A attached hereto at the addresses for each such
person set forth on such Schedule (the "Holder(s)") or their registered assigns,
on order, without demand, the sum of Five Hundred Thousand Dollars ($500,000)
(the "Principal Amount"), together with any accrued and unpaid interest, on
December 8, 2004 (the "Maturity Date").

                  Capitalized terms used herein without definition shall have
the meanings ascribed to such terms in the Security Agreement among Borrower and
the Holder dated the date hereof (as amended, modified and supplemented from
time to time, the "Security Agreement").

                  The following terms shall apply to this Note.

                                    ARTICLE I

                                    INTEREST.

                  1.1 Interest on this Note shall be accrued at seven percent
(7%) annually calculated on a 365 day year commencing on the date on which the
Loan is made and payable on the Maturity Date.

<PAGE>

                                   ARTICLE II

                                CONVERSION RIGHTS

                  2.1 Discretionary Conversion. The Holder shall have the right
at any time until the Maturity Date, to convert all or any portion of the then
outstanding Principal Amount and/or accrued interest outstanding (the
"Outstanding Obligation"). The number of shares of fully-paid and non-assessable
shares of common stock of the Borrower (the "Common Stock") to be issued upon
Conversion pursuant to this Section 2.1, as well as Section 2.2 and 2.3 shall be
determined by dividing the portion of the Outstanding Obligation that Holder
desires to convert by the Conversion Price. For purposes of Article II, the
"Conversion Price" shall equal four dollars ($4.00) per share unless adjusted
pursuant to Sections 2.5.

                  2.2 Compulsory Conversion. Subject to the conditions set forth
hereafter, one (1) time per each 90-day period until the Maturity Date the
Company may require the conversion, at the Conversion Price, of up to 20% of the
original Principal Amount plus accrued interest in the event that the Market
Price of the Common Stock is $10.00 or greater during any thirty (30)
consecutive trading days (the "Trading Period") ending on the day prior to the
date the Company gives notice that it is requiring conversion (the "Compulsory
Notice"). Within seven (7) business days after the Company provides such notice,
the Holder shall convert the amount of the Note as required by such notice. If
the Holder fails to convert the Notes within the required time period, the
Company shall issue and deliver such shares and that portion of the Notes shall
be deemed to be converted. The period beginning on the first day of the Trading
Period and ending on the seventh business day after the Compulsory Notice shall
be defined as the "Required Period." No Compulsory Notice shall be given and any
request for conversion pursuant to this section 2.2 shall be of no effect,
unless during the entire Required Period there is an effective registration
statement pursuant to the Securities Act of 1933 as amended (the "Securities
Act") covering the resale of the shares subject to the Note with current
prospectus available. Notwithstanding the foregoing no Compulsory Notice may be
given by the Company prior to the ninetieth day after the last Compulsory
Notice.

                  For purposes hereof, the "Market Price" shall mean: the 4:00
p.m. closing bid prices for the Common Stock on the OTC Pink Sheets, NASD OTC
Bulletin Board, NASDAQ Small Cap Market, NASDAQ National Market System, American
Stock Exchange, or New York Stock Exchange (whichever of the foregoing is at the
time the principal trading exchange or market for the Common Stock, the
"Principal Market"), or if the shares are not then trading on a Principal
Market, such other market or exchange where the Common Stock is listed or
traded.

                                        2
<PAGE>

                  2.3 Automatic Conversion. in the event of the closing of a
public offering pursuant to a registration statement under the Securities Act or
similar document filed under other applicable securities laws in the United
States, covering the offer and sale to the public of Common Shares in which:

                  (a) the Common Shares are listed on the New York Stock
Exchange, or the American Stock Exchange, or quoted on NASDAQ or any combination
thereof; and

                  (b) the minimum gross proceeds to the Corporation from such
offering or offerings is/are not less than US $50,000,000; and

                  (c) the initial public offering price is $10.00 or more; and

                  (d) the sale of the Common Stock is subject to an effective
registration statement with current prospectus available

                  2.4 Mechanics of Conversion. A Holder may exercise the right
to convert this Note by delivering to the Company, at the address set forth in
the preamble above, the following: a Note accompanied by a duly executed Notice
of Conversion (in the form annexed hereto) for the shares of Common Stock being
acquired. Upon such deliveries, the Holder shall be entitled to receive a
certificate or certificates for the shares of Common Stock acquired thereby. The
conversion rights represented by each Note are exercisable at the option of the
Holder thereof, in whole or in part. Notes may be converted to purchase all or
part of the shares of Common Stock. In the case of the conversion of less than
the principal amount of the Note, the Borrower shall cancel said Note upon the
surrender thereof and shall execute and deliver a new Note of like tenor for the
balance of the principal amount thereunder.

         Each date on which a Note with a completed Notice of Conversion is
delivered by Holder to the Borrower in accordance with the provisions hereof
shall be deemed a Conversion Date (the "Conversion Date").

         In the case of the exercise of the conversion rights set forth herein
the conversion privilege shall be deemed to have been exercised and the Common
Stock issuable upon such conversion shall be deemed to have been issued on the
Conversion Date. As soon as practicable after the Conversion Date and in any
event within five (5) business days thereafter, the Borrower at its expense
(including the payment by it of any applicable issue taxes) will cause to be
issued in the name of and delivered to the Holder, or as such Holder (upon
payment by such holder of

                                        3
<PAGE>

any applicable transfer taxes) may direct in compliance with applicable
securities laws, a certificate or certificates for the number of duly and
validly issued, fully paid and nonassessable shares of Common Stock to which
such Holder shall be entitled on such conversion, plus, at the Borrower's
election, in lieu of any fractional share to which such holder would otherwise
be entitled, cash equal to such fraction multiplied by the then Market Price of
one full share or an additional share, together with any other stock or other
securities and property (including cash, where applicable) to which such Holder
is entitled upon such conversion.

                  2.5      Adjusted Conversion Price.

                           2.5.1. Pricing Adjustments. Except as hereinafter
provided, in case the Company shall at any time after the date hereof issue or
sell any shares of Common Stock (other than the issuances or sales referred to
in Section 2.5.1(F) hereof), including shares held in the Company's treasury,
for a consideration per share less than the Conversion Price in effect
immediately prior to the issuance or sale of such shares, or without
consideration, then forthwith upon such issuance or sale, the Conversion Price
shall (until another issuance or sale) be reduced to the price (calculated to
the nearest full cent) equal to the quotient derived by dividing (i) an amount
equal to the sum of (a) the total number of shares of Common Stock outstanding
immediately prior to the issuance or sale of such shares, multiplied by the
Conversion Price in effect immediately prior to such issuance or sale, and (b)
the aggregate of the amount of all consideration, if any, received by the
Company upon such issuance or sale, by (ii) the total number of shares of Common
Stock outstanding immediately after such issuance or sale; provided, however,
that in no event shall the Conversion Price be adjusted pursuant to this
computation to an amount in excess of the Conversion Price in effect immediately
prior to such computation, except in the case of a combination of outstanding
shares of Common Stock, as provided by Section 2.5.1(E) hereof.

                  For the purposes of this Section 2.5, the term "Conversion
Price" shall mean the Conversion Price per share of Common Stock set forth in
Section 2.1, as adjusted from time to time pursuant to the provisions of this
Section 2.5.

                  In calculating the adjustment to the Conversion Price, the
following apply:

                                        4
<PAGE>

                           A. In case of the issuance or sale of shares of
Common Stock for a consideration, part or all of which shall be cash, the amount
of the cash consideration therefor shall be deemed to be the amount of cash
received by the Company for such shares (or, if shares of Common Stock are
offered by the Company for subscription, the subscription price, or if either of
such securities shall be sold to underwriters or dealers for public offering
without a subscription offering, the initial public offering price) before
deducting therefrom any compensation paid or discount allowed in the sale,
underwriting or purchase thereof by underwriters or dealers or others performing
similar services, or any expenses incurred in connection therewith.

                           B. In case of the issuance or sale (otherwise than as
a dividend or other distribution on any stock of the Company) of shares of
Common Stock for a consideration part or all of which shall be other than cash,
the amount of the consideration therefor other than cash shall be deemed to be
the value of such consideration as determined in good faith by the Board of
Directors of the Company.

                           C. The number of shares of Common Stock at any one
time outstanding shall exclude the aggregate number of shares issued or issuable
(subject to readjustment upon the actual issuance thereof) upon the exercise of
options, rights, warrants and upon the conversion or exchange of convertible or
exchangeable securities.

                           D. Options, Rights, Warrants and Convertible and
Exchangeable Securities. In case the Company shall at any time after the date
hereof issue options, rights or warrants to subscribe for shares of Common
Stock, or issue any securities convertible into or exchangeable for shares of
Common Stock, for a consideration per share less than the Conversion Price in
effect immediately prior to the issuance of such options, rights or warrants, or
such convertible or exchangeable securities, or without consideration, the
Conversion Price in effect immediately prior to the issuance of such options,
rights or warrants, or such convertible or exchangeable securities, as the case
may be, shall be reduced to a price determined by making a computation in
accordance with the provisions of this Section 2.5 (D), provided that:

                              (1) The aggregate maximum number of shares of
Common Stock, as the case may be, issuable under such options, rights or
warrants shall be deemed to be

                                        5
<PAGE>

issued and outstanding at the time such options, rights or warrants were issued,
and for a consideration equal to the minimum purchase price per share provided
for in such options, rights or warrants at the time of issuance, plus the
consideration (determined in the same manner as consideration received on the
issue or sale of shares in accordance with the terms of the Security Agreement),
if any, received by the Company for such options, rights or warrants.

                              (2) The aggregate maximum number of shares of
Common Stock issuable upon conversion or exchange of any convertible or
exchangeable securities shall be deemed to be issued and outstanding at the time
of issuance of such securities, and for a consideration equal to the
consideration (determined in the same manner as consideration received on the
issue or sale of this Note in accordance with the terms of the Note Purchase
Agreement) received by the Company for such securities, plus the minimum
consideration, if any, receivable by the Company upon the conversion or exchange
thereof.

                              (3) If any change shall occur in the price per
share provided for in any of the options, rights or warrants referred to in
subsection (1) of this Section 2.5.1(D), or in the price per share at which the
securities referred to in subsection (2) of this Section 2.5.1(D) are
convertible or exchangeable, such options, rights or warrants or conversion or
exchange rights, as the case may be, shall be deemed to have expired or
terminated on the date when such price change became effective in respect of
shares not theretofore issued pursuant to the exercise or conversion or exchange
thereof, and the Company shall be deemed to have issued upon such date new
options, rights or warrants or convertible or exchangeable securities at the new
price in respect of the number of shares issuable upon the exercise of such
options, rights or warrants or the conversion or exchange of such convertible or
exchangeable securities.

                           E. Subdivision; Combination, Etc.

                              (1) Stock Splits and Dividends. If outstanding
shares of the common stock shall be subdivided into a greater number of shares
or a dividend in common stock shall be paid in respect of common stock, the
Conversion Price in effect immediately prior to such subdivision or dividend
shall simultaneously with the effectiveness of such subdivision or dividend be
proportionately reduced. If outstanding shares of common stock shall be combined
into a smaller number of shares, the Conversion Price in effect immediately
prior to

                                        6
<PAGE>

such combination shall, simultaneously with the effectiveness of such
combination, be proportionately increased.

                              (2) Reclassification, Etc. In case there occurs
any reclassification or change of the outstanding securities of which are at the
time receivable in conjunction with the Security Agreement or any similar
corporate reorganization on or after the date hereof, then and in each such case
the Holder, upon the exercise hereof at any time after the consummation of such
reclassification, change or reorganization, shall be entitled to receive, in
lieu of common stock, the stock or other securities or property to which such
Holder would have been entitled upon such consummation if such Holder had
converted this Note immediately prior thereto, all subject to further adjustment
pursuant to the provisions of this Sections 2.5.

                           F. Exceptions to Adjustment Requirements. No
adjustment shall be required pursuant to this Section 2.5 upon:

                           (1) the exercise of any warrants, options or
convertible securities granted, issued and outstanding on the date of issuance
of this Note;

                           (2) upon the grant or exercise of any stock or
options which may hereafter be granted or exercised under any employee stock
option plan of the Company now existing or to be implemented in the future, so
long as the issuance of such stock or options is approved by a majority of the
independent members of the Board of Directors of the Company or a majority of
the members of a committee of the independent directors established for such
purpose;

                           (3) any Common Stock issued in connection with a
merger or acquisition;

                           (4) any security issued pursuant to this Note or the
Note Purchase Agreement for unsecured debt securities that have substantially
similar terms to the securities issued pursuant to the Security Agreement;

                           (5) any Common Stock issued pursuant to a lease line
or line of credit; or

                           (6) any adjustment of ten cents ($.10) or less,
although such adjustment shall be carried forward and made with the next
adjustment (if any).

                                        7
<PAGE>

                      2.5.2. Adjustment of Conversion Price Based on Inability
to Maintain Net Income Benchmark. The Conversion Price (as such term is defined
in the Notes) shall be reduced based on the Company's net income as set forth in
the financial statements set forth in its annual report on Form 10K or 10K-SB
for 2003 as set forth below:

                                                              CONVERSION
                       YEAR            NET INCOME               PRICE
                       ----            ----------               -----

                       2003       less than $5,000,000          $2.50

                                $5,000,000 - $7,500,000         $3.50

                                   above  $7,500,000            $4.00

Such adjustment shall be effective on April 15, 2004. At all times, the
Conversion Price immediately after such adjustment shall be at least five
percent (5%) below the price of the Common Stock on date of adjustment but the
Conversion Price shall not be less than $2.50 per share.

                  2.6 Reservation of Shares. During the period the conversion
right exists, the Borrower will reserve from its authorized and unissued Common
Stock a sufficient number of shares to provide for the issuance of Common Stock
upon the full conversion of this Note. The Borrower represents that upon
issuance, such shares will be duly and validly issued, fully paid and
non-assessable. The Borrower agrees that its issuance of this Note shall
constitute full authority to its officers, agents, and transfer agents who are
charged with the duty of executing and issuing stock certificates to execute and
issue the necessary certificates for shares of Common Stock upon the conversion
of this Note.

                  2.7 Registration Rights. The Holder has been granted
registration rights with respect to the shares of Common Stock issuable upon
conversion of this Note as more fully set forth in a Registration Rights
Agreement dated the date hereof.

                                   ARTICLE III

                                   PREPAYMENT

                  3.1 Provided a registration statement covering the shares
issuable upon conversion is effective at the time with current prospectus
available, the Borrower may, upon no less than thirty (30) days written notice
to Holder at any time prepay all or a portion of the principal of this Note with
accrued interest thereon.

                                        8
<PAGE>

                                   ARTICLE IV

                         ACCELERATION, EVENTS OF DEFAULT

                  4.1 Acceleration of Note. Upon an Event of Default, as
hereinafter defined, or in an Event of Default as defined pursuant to the
Security Agreement, the Holder at its election may by written notice accelerate
the Maturity of this Note and the entire principal amount and accrued interest
shall become due and payable.

                  4.2 Event of Default. The occurrence of any of the following
events is an Event of Default ("Event of Default"):

                           4.2.1 Failure to Pay Principal or Interest. The
Borrower fails to pay any installment of principal or interest hereon when due
if such failure is not cured within five days (5) after receipt of written
notice from Holder of such failure to pay.

                           4.2.2 Breach of Covenant. The Borrower breaches any
covenant or other term or condition of this Note or the Security Agreement in
any material respect and such breach, if subject to cure, continues for a period
of thirty (30) days after written notice by Holder to Borrower thereof.

                           4. 2.3 Breach of Representations and Warranties. Any
material representation or warranty of the Borrower made herein, or in any
agreement, statement or certificate given in writing pursuant hereto or in
connection herewith shall be false or misleading.

                                    ARTICLE V

                                  MISCELLANEOUS

                  5.1 Failure or Indulgence Not Waiver. No failure or delay on
the part of the Holder hereof 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 privilege. All rights and
remedies existing hereunder are cumulative to, and not exclusive of, any rights
or remedies otherwise available.

                                        9
<PAGE>

                  5.2 Cumulative Remedies. The remedies under this Note shall be
cumulative.

                  5.3 Notices. Any notice herein required or permitted to be
given shall be in writing and provided in accordance with the terms of the
Security Agreement.

                  5.4 Amendment Provision. 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.

                  5.5 Assignability. Subject to compliance with applicable
securities laws, this Note, and the rights evidenced hereby, may be transferred
by any registered holder hereof (a "Transferor"). On the surrender for exchange
of this Note, with the Assignment Form attached hereto duly completed and
executed and together with evidence reasonably satisfactory to the Company
demonstrating compliance with applicable securities laws, which shall include,
without limitation, a legal opinion from the Transferor's counsel that such
transfer is exempt from the registration requirements of applicable securities
laws, the Company at its expense but with payment by the Transferor of any
applicable transfer taxes) will issue and deliver to or on the order of the
Transferor thereof a new Note of like tenor, in the name of the Transferor
and/or the transferee(s) specified in such Assignment Form (each a "Transferee")
to the Note so surrendered by the Transferor.

                  5.6 Cost of Collection. If default is made in the payment of
this Note, the Borrower shall pay the Holder hereof reasonable costs of
collection, including reasonable attorneys' fees.

                  5.7 Replacement of Note. On receipt of evidence reasonably
satisfactory to the Company of the loss, theft, destruction or mutilation of
this Note and, in the case of any such loss, theft or destruction of this Note,
on delivery of an indemnity agreement or security reasonably satisfactory in
form and amount to the Company or, in the case of any such mutilation, on
surrender and cancellation of this Note, the Company at its expense will execute
and deliver, in lieu thereof, a new Note of like tenor.

                  5.8 Governing Law. This Note shall be governed by and
construed in accordance with the laws of the State of Florida, without regard to
principles of conflicts of laws. Any action brought by either party against the
other concerning the transactions contemplated by this Agreement shall be
brought only in the state courts of Florida or in the federal courts located in
the state of Florida. Both parties and the individual signing this Note on

                                       10
<PAGE>

behalf of the Borrower agree to submit to the jurisdiction of such courts. The
prevailing party shall be entitled to recover from the other party its
reasonable attorney's fees and costs. In the event that any provision of this
Note is invalid or unenforceable 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 such provision which may prove invalid or unenforceable under
any law shall not affect the validity or unenforceability of any other provision
of this Note. Nothing contained herein shall be deemed or operate to preclude
the Holder from bringing suit or taking other legal action against the Borrower
in any other jurisdiction to collect on the Borrower's obligations to Holder, to
realize on any collateral or any other security for such obligations, or to
enforce a judgment or other court order in favor of Holder.

                  5.9 Maximum Payments. Nothing contained herein shall be deemed
to establish or require the payment of a rate of interest or other charges in
excess of the maximum permitted by applicable law. In the event that the rate of
interest required to be paid or other charges hereunder exceed the maximum
permitted by such law, any payments in excess of such maximum shall be credited
against amounts owed by the Borrower to the Holder and thus refunded to the
Borrower.

                   [REMAINDER OF PAGE LEFT INTENTIONALLY BLANK
                            SIGNATURE PAGE TO FOLLOW]

                                       11
<PAGE>

         IN WITNESS WHEREOF, the Borrower has caused this Note to be signed in
its name as of this ______________day of December, 2003.

                                              EPIXTAR CORP.

                                              By:_______________________________
                                              Name:
                                              Title:

         Each of the following hereby agree, joint and severally, to be
personally liable under this Note.

                                              EPIXTAR GROUP, INC.

                                              By:_______________________________
                                              Name:
                                              Title:

                                              EPIXTAR BPO SERVICES, INC.

                                              By:_______________________________
                                              Name:
                                              Title:

                                       12
<PAGE>

                                              NATIONAL ONLINE SERVICES, INC.

                                              By:_______________________________
                                              Name:
                                              Title:

                                              LIBERTY ONLINE SERVICES, INC.

                                              By:_______________________________
                                              Name:
                                              Title:

                                              AMERIPAGES, INC.

                                              By:_______________________________
                                              Name:
                                              Title:

                                              B2BADVANTAGE, INC.

                                              By:_______________________________
                                              Name:
                                              Title:

                                       13
<PAGE>

                                            ONE WORLD COMMUNICATIONS, INC.

                                            By:_________________________________
                                            Name:
                                            Title:

                                            EPIXTAR COMMUNICATIONS, INC.

                                            By:_________________________________
                                            Name:
                                            Title:

                                            EPIXTAR PREPAID COMMUNICATIONS CORP.

                                            By:_________________________________
                                            Name:
                                            Title:

                                       14
<PAGE>

                              NOTICE OF CONVERSION
                              --------------------

           (To be executed by the Holder in order to convert the Note)

                  The undersigned hereby elects to convert $_________ of the
principal and $_________ of the interest due on the Note issued by EPIXTAR CORP.
and dated December 9, 2003 into Shares of Common Stock of EPIXTAR CORP. (the
"Company") according to the conditions set forth in such Note, as of the date
written below.

Date of Conversion:       ______________________________________________________

Conversion Price:         ______________________________________________________

Shares To Be Delivered:   ______________________________________________________

Signature:                ______________________________________________________

Print Name:               ______________________________________________________

Address:                  ______________________________________________________

                          ______________________________________________________

                                       15
<PAGE>

                                   Schedule A
                                   ----------

                                       to
                                       --

               7% Secured Convertible Note Dated December 9, 2003
               --------------------------------------------------

                                       16

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