Document:

ex10_4.htm

    EXHIBIT
10.4

     

    CONSULTING
AGREEMENT

     

    This Consulting Agreement (the
“Agreement”) is made and entered into as of July 31, 2008 (the “Effective
Date”), by and between Information Systems Associates, Inc., a Florida
corporation (the “Company) and all successor corporate entities, and William
Gerhauser (the “Consultant”).  The Company and the Consultant are
hereinafter each referred to as a “Party” and collectively as the
“Parties.”

    

    Preamble

    

    WHEREAS, the Consultant has been
providing and is agreeable to continue providing management related services to
the Company for compensation as set forth below in the Agreement;
and

    

    WHEREAS, the Company desires to confirm
and formalize its relationship with Consultant for its assistance.

    

    NOW, THEREFORE, in consideration for
the mutual obligations set forth below, the sum of ten dollars ($10.00) and
other good and valuable consideration, the receipt and adequacy of which is
hereby acknowledged, the Parties, intending to be legally bound, hereby agree as
follows:

    

    1. Retention.  The
Company confirms that since January 1, 2008 (the “Effective Date”) Consultant
has been providing services to it, including without limitation those specified
in paragraph 2 below, and Company hereby retains Consultant, and Consultant
agrees, to provide such services for the term of the Agreement.

    

    2. Consultant’s
Duties.  Consultant’s duties have included and shall include
general management assistance in connection with such things as developing and
writing business plans; determining future business strategies; recruitment of
directors and employees; determining how the Company can best raise funds; and
looking for potential mergers and acquisitions.  In addition, the
parties may determine and agree on additional duties and responsibilities or
change the existing duties and responsibilities, as they may determine during
the terms of this Agreement.

    

    3. Term. The Agreement
shall remain in effect until September 1, 2008.

    

    4. Compensation.  The
Company shall pay Consultant 500,000 shares of common stock (the “Shares”) of
the Company that have not been registered under the Securities Act of 1933, as
amended (the “Act”) and the transferability and resale of which Shares are
restricted under the Act.

    

    In addition to the foregoing payments,
the Company shall pay for all pre-approved, verifiable out-of-pocket expenses of
Consultant incurred by it in the course of performing services for the Company
under this Agreement, including without limitation legal fees and travel
costs.  Consultant shall obtain pre-approval from the Company and
shall submit receipts to the Company.  Company shall make
reimbursement within 10 days of submission of receipts by
Consultant.

    

    5. Shares.  Consultant
represents and warrants that:

    

    (a)  Consultant has acquired
the Shares for investment purposes without a view to resell or distribute the
Shares.

    

    (b)   Consultant will
not affect any sale or other disposition of the Shares except pursuant to an
effective registration statement registering the Shares under the Act or
pursuant to an available exemption from registration including pursuant to Rule
144 promulgated under the Act.

    

    (c)  Consultant is an
“accredited investor” as that term is defined under Regulation D promulgated
under the Act.

    

    Consultant agrees that the Shares shall
bear a restrictive legend to the effect that transfer is prohibited except in
transactions registered under the Act, or pursuant to an available exemption
from registration including pursuant to Rule 144 promulgated under the
Act.

    

    6. Status.  Consultant
is an independent contractor of the Company and this Agreement does not create
any employment relationship.  Consultant is an independent business
entity and has absolute control over the actual performance and results of its
work.  Consultant is not relying on the Company, except to the extent
the Companies obligated hereunder.  Consultant acknowledges that
Consultant shall not be considered under the provisions of this Agreement, or
otherwise, as having any employee status with the Company for any reason,
including but not limited to, withholding taxes, social security and employment
contributions, payroll taxes, workman’s compensation insurance, or as being
entitled to participate in any plans, arrangements or distributions by the
Company pertaining to or in connection with any pension, stock, profit sharing,
life insurance or similar or other arrangement.

    

    7. Entire Agreement.
This Agreement constitutes the entire agreement among the parties hereto with
respect to the subject matter hereof and supersedes any and all prior or
contemporaneous representations, warranties, agreements and understandings in
connection therewith. This Agreement may be amended only by a writing executed
by all parties hereto.

    

    8. Assignment.  Neither Party
may assign this Agreement without the prior written consent of the
other.

    

    9. Governing Law; Venue;
Jurisdiction. This Agreement has been negotiated and is being contracted
for in the State of Florida.  It shall be governed by and interpreted
in accordance with the laws of the State of Florida, regardless of any
conflict-of-law provision to the contrary.  In any dispute arising out
of or connected with this Agreement, each party consents to the exclusive
jurisdiction of the courts of the State of Florida or the federal district court
for Florida; each party consents to the personal jurisdiction of such courts;
and each party waives any objection to personal jurisdiction or
venue.

    

    10. Attorney’s
Fees.  If any legal action or other proceeding (including but
not limited to binding  arbitration) is brought for the enforcement of
or to declare any right or obligation under this Agreement or as a result of a
breach, default or misrepresentation in connection with any of
the  provisions of this Agreement, or otherwise because of a dispute
among the parties hereto, the prevailing party will be entitled to recover
actual attorney’s fees (including for appeals and collection  and
including the actual cost of in-house counsel, if any) and other expenses
incurred in such action or proceeding, in addition to any other relief to which
such party may be entitled.

    

    11. Authority.  The
representatives of each Party executing this Agreement are duly authorized to do
so, and each party has taken all action required for valid
execution.

    

    12. Notices.  Any notice under
this Agreement shall be deemed to have been sufficiently given if sent by
registered or certified mail, postage prepaid, or by express mail service
substantially equivalent to Federal Express, addressed as follows:

    

    
      	
               
      

            	
               To
      Consultant:      William
      Gerhauser

            

    

    
      	
               
      

            	
                     212
      Piccadilly

            

    

    
      	
                                                             
         London W1J9HG

            	 

    

    

    
      	
               
      

            	
               To
      ISA:               Information
      Systems Associates, Inc.

            

    

    
      	
               
      

            	
                    1151
      SW 30th
      Street, Suite E

            

    

    
      	
               
      

            	
                    Palm
      City, Florida 34990

            

    

    
      	
               
      

            	
                    Telephone:
      772.403.2992 Ext. 11

            

    

    

    13. Severability.  If a court of
competent jurisdiction determines that any clause or provision of this Agreement
is invalid, illegal or unenforceable, the other clauses and provisions of the
Agreement shall remain in full force and effect and the clauses and provisions
which are determined to be void, illegal or unenforceable shall be limited so
that they shall remain in effect to the extent permissible by law.

    

    14. Counterparts and
Facsimile.  This Agreement may be executed in any number of
identical counterparts, each of which may be deemed an original for all
purposes.  A fax, telecopy or other reproduction of this instrument
may be executed by one or more parties hereto and such executed copy may be
delivered by facsimile or similar instantaneous electronic transmission device
pursuant to which the signature of or on behalf of such party can be seen, and
such execution and delivery shall be considered valid, binding and effective for
all purposes.

    

    15. Benefit of
Agreement.  The terms and provisions of this Agreement shall be
binding upon and inure to the benefit of the Parties, jointly and severally,
their successors, assigns, personal representatives, estate, heirs and
legatees.

    

    16. Captions.  The captions in
this Agreement are for convenience and reference only and in no way define,
describe, extend or limit the scope of this Agreement or the intent of any
provisions hereof.

    

    17. Number and
Gender.  All
pronouns and any variations thereof shall be deemed to refer to the masculine,
feminine, neuter, singular or plural, as the identify of the Party or Parties,
or their personal representatives, successors and assigns may
require.

    

    18. Further
Assurances.  The
Parties hereby agree to act, execute, acknowledge and deliver or cause to be
done, executed, acknowledged or delivered and to perform all such acts and
deliver all such deeds, assignments, transfers, conveyances, powers of attorney,
assurances, stock certificates and other documents, as may, from time to time,
he required herein to effect the intent and purpose of this
Agreement.

    

    19. Construction.  The language in
this Agreement is a product of negotiations and shall be construed as a whole
according to its fair meaning, without implying a presumption that its terms
shall be more strictly construed against either party as drafter of the
document.

    

    20. Waiver of Jury
Trial.  EACH PARTY
HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY SUIT, ACTION
OR PROCEEDING INVOLVING THIS AGREEMENT TO THE FULLEST EXTENT SUCH PARTY MAY
LEGALLY AND EFFECTIVELY DO SO.

    

    IN WITNESS WHEREOF, the parties have
executed this agreement below as of the date first set forth above.

    

    
      	
              Information
      Systems Associates, Inc.

            

    

    

    

    

    

        /s/
William
Gerhauser                                          By
    /s/
Joseph Coschera

    William
Gerhauser                                                  Joseph
Coschera, Presidentanm_8k-ex0401.htm

    Exhibit 4.1

     

    
      EXHIBIT
A

      

      FORM
OF COMMON STOCK PURCHASE WARRANT

      

      This warrant and the common stock
shares issuable upon exercise of this warrant have not been registered under the
securities act of 1933, as amended (the “Securities Act”). This warrant and the common
stock shares issuable
upon exercise of this warrant may not be sold, offered for sale, pledged or
hypothecated in the absence of an effective registration statement under the
securities act or an opinion of counsel reasonably satisfactory to Accelerize
New Media, Inc. that such registration is
not required.

      

      
        	 
      	
                Right
      to Purchase FIVE MILLION (5,000,000) shares of Common Stock of Accelerize
      New Media, Inc. (subject to adjustment as provided
  herein)

              

      

      

      FORM
OF COMMON STOCK PURCHASE WARRANT

      

         

        
          	No. MEC _
      _ 	
                  Issue Date:
      September 11, 2008

                

        

                                                                                                       

      

      ACCELERIZE
NEW MEDIA, INC., a corporation organized and existing under the laws of the
State of Delaware (the “Company”), hereby certifies that, for value received,
MarketingExperiments, LLC, with its principal address at 412 North First Street,
Jacksonville Beach, FL 32250, or its assigns (the “Holder”) is entitled, subject
to the terms set forth below, including the Vesting Schedule attached hereto as
Exhibit A, to purchase from the Company at any time after the issue date (the
“Issue Date”) until 5:00 p.m., E.S.T. on the fifth (5th) anniversary of the
Issue Date (the “Expiration Date”), five million (5,000,000) fully paid and
nonassessable shares of Common Stock at a per share purchase price equal to 0.55
dollars ($0.55), which is the closing bid price of the Company’s Common Stock on
the Over-The-Counter Bulleting Board on the Issue Date.  The afore
described purchase price per share, as adjusted from time to time as herein
provided, is referred to herein as the “Purchase Price.” The number and
character of such shares of Common Stock and the Purchase Price are subject to
adjustment as provided herein.  The Company may reduce the Purchase
Price without the consent of the Holder.

      

      As used
herein the following terms, unless the context otherwise requires, have the
following respective meanings:

      

      (a)           The
term “Company” shall include Accelerize New Media, Inc. and any corporation
which shall succeed or assume the obligations of Accelerize New Media, Inc.
hereunder.

      

      (b)           The
term “Common Stock” includes (a) the Company’s Common Stock, $0.001 par value
per share, and (b) any other securities into which or for which any of the
securities described in (a) may be converted or exchanged pursuant to a plan of
recapitalization, reorganization, merger, sale of assets or
otherwise.

      

      
        
           

        

        
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1

          
            

          

        

        
           

        

      

      (c)           The
term “Other Securities” refers to any stock (other than Common Stock) and other
securities of the Company or any other person (corporate or otherwise) which the
holder of the Warrant at any time shall be entitled to receive, or shall have
received, on the exercise of the Warrant, in lieu of or in addition to Common
Stock, or which at any time shall be issuable or shall have been issued in
exchange for or in replacement of Common Stock or Other Securities pursuant to
Section 4 herein or otherwise.

      

      (d)           The
term “Vesting Schedule” shall mean the vesting schedule of the Warrants Shares
attached hereto as Exhibit A.

      

      (e)           The
term “Warrant Shares” shall mean the Common Stock issuable upon exercise of this
Warrant.

      

      1.           Exercise of
Warrant.

      

      1.1.           Number of Shares Issuable
upon Exercise.  From and after the Issue Date through and
including the Expiration Date, subject to the Vesting Schedule, the Holder
hereof shall be entitled to receive, upon exercise of this Warrant in whole in
accordance with the terms of subsection 1.2 or upon exercise of this Warrant in
part in accordance with subsection 1.3, up to five million (5,000,000) shares of
Common Stock of the Company, subject to adjustment pursuant to Section
4.

      

      1.2.           Full
Exercise.  This Warrant may be exercised in full at the end of
the thirty Six (36) month after the Issue Date by the Holder hereof by delivery
of an original or facsimile copy of the form of subscription attached hereto as
Exhibit B (the
“Subscription Form”) duly executed by such Holder and surrender of the original
Warrant within four (4) days of exercise, to the Company at its principal office
or at the office of its Warrant Agent (as provided hereinafter), accompanied by
payment, in cash, wire transfer or by certified or official bank check payable
to the order of the Company, in the amount obtained by multiplying the number of
shares of Common Stock for which this Warrant is then exercisable by the
Purchase Price then in effect.

       

      1.3.           Partial
Exercise.  This Warrant may be exercised in part (but not for a
fractional share) in accordance with the Vesting Schedule, by surrender of this
Warrant in the manner and at the place provided in subsection 1.2 except that
the amount payable by the Holder on such partial exercise shall be the amount
obtained by multiplying (a) the number of whole shares of Common Stock
designated by the Holder in the Subscription Form by (b) the Purchase Price then
in effect.  On any such partial exercise, the Company, at its expense,
will forthwith issue and deliver to or upon the order of the Holder hereof a new
Warrant of like tenor, in the name of the Holder hereof or as such Holder (upon
payment by such Holder of any applicable transfer taxes) may request, the whole
number of shares of Common Stock for which such Warrant may still be
exercised.

       

      1.4.           Fair Market Value.
Fair Market Value of a share of Common Stock as of a particular date (the
“Determination Date”) shall mean:

       

      
        
           

        

        
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2

          
            

          

        

        
           

        

      

      (a)           If
the Company’s Common Stock is traded on an exchange or is quoted on the Nasdaq
Stock Market, Inc., then the last sale price reported for the last business day
immediately preceding the Determination Date;

       

      (b)           If
the Company’s Common Stock is not traded on an exchange or quoted on the Nasdaq
Stock Market, Inc. but is traded in the Over-The-Counter Bulletin Board, then
the closing bid price reported for the last business day immediately preceding
the Determination Date;

       

      (c)           Except
as provided in clause (d) below, if the Company’s Common Stock is not publicly
traded, then as the Holder and the Company agree, or in the absence of such an
agreement, by arbitration in accordance with the rules then standing of the
American Arbitration Association, before a single arbitrator to be chosen from a
panel of persons qualified by education and training to pass on the matter
to be decided; or

       

      (d)           If
the Determination Date is the date of a liquidation, dissolution or winding up,
or any event deemed to be a liquidation, dissolution or winding up pursuant to
the Company’s charter, then all amounts to be payable per share to holders of
the Common Stock pursuant to the charter in the event of such liquidation,
dissolution or winding up, plus all other amounts to be payable per share in
respect of the Common Stock in liquidation under the charter, assuming for the
purposes of this clause (d) that all of the shares of Common Stock then issuable
upon exercise of all of the Warrants are outstanding at the Determination
Date.

       

      1.5.           Company
Acknowledgment. The Company will, at the time of the exercise of the
Warrant, upon the request of the Holder hereof acknowledge in writing its
continuing obligation to afford to such Holder any rights to which such Holder
shall continue to be entitled after such exercise in accordance with the
provisions of this Warrant. If the Holder shall fail to make any such request,
such failure shall not affect the continuing obligation of the Company to afford
to such Holder any such rights.

       

      1.6.           Delivery of Stock
Certificates, etc. on Exercise.  The Company agrees that the
shares of Common Stock purchased upon exercise of this Warrant shall be deemed
to be issued to the Holder hereof as the record owner of such shares as of the
close of business on the date on which this Warrant shall have been surrendered
and payment made for such shares as aforesaid. As soon as practicable after the
exercise of this Warrant in full or in part, and in any event within three (3)
business days thereafter, the Company at its expense (including the payment by
it of any applicable issue taxes, if any) will cause to be issued in the name of
and delivered to the Holder hereof, or as such Holder (upon payment by such
Holder of 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 (or
Other Securities) to which such Holder shall be entitled on such exercise, plus,
in lieu of any fractional share to which such Holder would otherwise be
entitled, cash equal to such fraction multiplied by the then Fair Market Value
of one full share of Common Stock, together with any other stock or other
securities and property (including cash, where applicable) to which such Holder
is entitled upon such exercise pursuant to Section 1 or otherwise.

       

      
        
           

        

        
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      2.           Adjustments.

       

      2.1.           Reorganization,
Consolidation, Merger, etc.  In case at any time or from time
to time, the Company shall (a) effect a reorganization, (b) consolidate with or
merge into any other person or (c) transfer all or substantially all of its
properties or assets to any other person under any plan or arrangement
contemplating the dissolution of the Company, then, in each such case, as a
condition to the consummation of such a transaction, proper and adequate
provision shall be made by the Company whereby the Holder of this Warrant, on
the exercise hereof as provided in Section 1, at any time after the consummation
of such reorganization, consolidation or merger or the effective date of such
dissolution, as the case may be, shall receive, in lieu of the Common Stock (or
Other Securities) issuable on such exercise prior to such consummation or such
effective date, the stock and other securities and property (including cash) to
which such Holder would have been entitled upon such consummation or in
connection with such dissolution, as the case may be, if such Holder had so
exercised this Warrant, immediately prior thereto, all subject to further
adjustment thereafter as provided in Section 3.

      

      2.2.           Dissolution.  In
the event of any dissolution of the Company following the transfer of all or
substantially all of its properties or assets, the Company, prior to such
dissolution, shall at its expense deliver or cause to be delivered the stock and
other securities and property (including cash, where applicable) receivable in
accordance with Section 2.1 by the Holder of the Warrants upon their exercise
after the effective date of such dissolution pursuant to this Section
2.

      

      2.3.           Continuation of
Terms.  Upon any reorganization, consolidation, merger or
transfer (and any dissolution following any transfer) referred to in this
Section 2, this Warrant shall continue in full force and effect and the terms
hereof shall be applicable to the Other Securities and property receivable on
the exercise of this Warrant after the consummation of such reorganization,
consolidation or merger or the effective date of dissolution following any such
transfer, as the case may be, and shall be binding upon the issuer of any Other
Securities, including, in the case of any such transfer, the person acquiring
all or substantially all of the properties or assets of the Company, whether or
not such person shall have expressly assumed the terms of this Warrant as
provided in Section 3.

      

      3.           Extraordinary Events
Regarding Common Stock.  In the event that the Company shall
(a) subdivide its outstanding shares of Common Stock, or (b) combine its
outstanding shares of the Common Stock into a smaller number of shares of the
Common Stock, then, in each such event, the Purchase Price shall, simultaneously
with the happening of such event, be adjusted by multiplying the then Purchase
Price by a fraction, the numerator of which shall be the number of shares of
Common Stock outstanding immediately prior to such event and the denominator of
which shall be the number of shares of Common Stock outstanding immediately
after such event, and the product so obtained shall thereafter be the Purchase
Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in
the same manner upon the happening of any successive event or events described
herein in this Section 3. The number of shares of Common Stock that the Holder
of this Warrant shall thereafter, on the exercise hereof as provided in Section
1, be entitled to receive shall be adjusted to a number determined by
multiplying the number of shares of Common Stock that would otherwise (but for
the provisions of this Section 3) be issuable on such exercise by a fraction of
which (a) the numerator is the Purchase Price that would otherwise (but for the
provisions of this Section 3) be in effect, and (b) the denominator is the
Purchase Price in effect on the date of such exercise.

       

      
        
           

        

        
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      4.           Certificate as to
Adjustments.  In each case of any adjustment or readjustment in
the shares of Common Stock (or Other Securities) issuable on the exercise of the
Warrants, the Company at its expense will promptly cause its Chief Financial
Officer or other appropriate designee to compute such adjustment or readjustment
in accordance with the terms of the Warrant and prepare a certificate
setting forth such adjustment or readjustment and showing in detail the facts
upon which such adjustment or readjustment is based, including a statement of
(a) the consideration received or receivable by the Company for any additional
shares of Common Stock (or Other Securities) issued or sold or deemed to have
been issued or sold, (b) the number of shares of Common Stock (or Other
Securities) outstanding or deemed to be outstanding, and (c) the Purchase Price
and the number of shares of Common Stock to be received upon exercise of this
Warrant, in effect immediately prior to such adjustment or readjustment and as
adjusted or readjusted as provided in this Warrant. The Company will
forthwith mail a copy of each such certificate to the Holder of the Warrant
and any Warrant Agent of the Company (appointed pursuant to Section 9
hereof).

       

      5.           Reservation of Stock, etc.
Issuable on Exercise of Warrant.  The Company will at all times
reserve and keep available, solely for issuance and delivery on the exercise of
the Warrant, all shares of Common Stock (or Other Securities) from time to time
issuable on the exercise of the Warrant.

       

      6.           Assignment; Exchange of
Warrant.  Subject to compliance with applicable securities
laws, this Warrant, and the rights evidenced hereby, may be transferred by any
registered holder hereof (a “Transferor”). On the surrender for exchange of this
Warrant, with the Transferor’s endorsement in the form of Exhibit C attached
hereto (the “Transferor Endorsement Form”) and together with an opinion of
counsel reasonably satisfactory to the Company that the transfer of this Warrant
will be in compliance with applicable securities laws, the Company at its
expense, once, only, 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 Warrant or Warrants of like tenor, in the name of the Transferor
and/or the transferee(s) specified in such Transferor Endorsement Form (each a
“Transferee”), calling in the aggregate on the face or faces thereof for the
number of shares of Common Stock called for on the face or faces of the Warrant
so surrendered by the Transferor.  No such transfers shall result in a
public distribution of the Warrant.

       

      7.           Replacement of
Warrant.  On 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 of this Warrant, 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 Warrant, the Company at its expense, twice only, will
execute and deliver, in lieu thereof, a new Warrant of like tenor.

      

      8.           Warrant
Agent.  The Company may, by written notice to the Holder of the
Warrant, appoint an agent (a “Warrant Agent”) for the purpose of issuing Common
Stock (or Other Securities) on the exercise of this Warrant pursuant to Section
1, exchanging this Warrant pursuant to Section 6, and replacing this Warrant
pursuant to Section 7, or any of the foregoing, and thereafter any such
issuance, exchange or replacement, as the case may be, shall be made at such
office by such Warrant Agent.

      

      
        
           

        

        
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      9.           Transfer on the
Company’s
Books.  Until this Warrant is transferred on the books of the
Company, the Company may treat the registered holder hereof as the absolute
owner hereof for all purposes, notwithstanding any notice to the
contrary.

       

      10.           Notices.   All
notices, demands, requests, consents, approvals, and other communications
required or permitted hereunder shall be in writing and, unless otherwise
specified herein, shall be (i) personally served, (ii) deposited in the mail,
registered or certified, return receipt requested, postage prepaid, (iii)
delivered by reputable air courier service with charges prepaid, or (iv)
transmitted by hand delivery, telegram, or facsimile, addressed as set forth
below or to such other address as such party shall have specified most
recently by written notice.  Any notice or other communication
required or permitted to be given hereunder shall be deemed effective (a) upon
hand delivery or delivery by facsimile, with accurate confirmation generated by
the transmitting facsimile machine, at the address or number designated below
(if delivered on a business day during normal business hours where such notice
is to be received), or the first business day following such delivery (if
delivered other than on a business day during normal business hours where such
notice is to be received) or (b) on the second business day following the date
of mailing by express courier service, fully prepaid, addressed to such address,
or upon actual receipt of such mailing, whichever shall first occur or (c) three
business days after deposited in the mail if delivered pursuant to subsection
(ii) above.  The addresses for such communications shall be: (i) if to
the Company to: 12121 WILSHIRE BLVD., SUITE 322, LOS ANGELES, CALIFORNIA 90025,
telecopier:  (310) 903 4001, and (ii) if to the Holder, to the
addresses and telecopier number set forth in the first paragraph of this
Warrant.  The Company may change its address for notices but only to
an address and fax number located in the United States.

      

      11.           Miscellaneous.  This
Warrant and any term hereof may be changed, waived, discharged or terminated
only by an instrument in writing signed by the party against which enforcement
of such change, waiver, discharge or termination is sought. This Warrant shall
be construed and enforced in accordance with and governed by the laws of New
York.  Any dispute relating to this Warrant shall be adjudicated in
New York County in the State of New York.  The headings in this
Warrant are for purposes of reference only, and shall not limit or otherwise
affect any of the terms hereof.  The invalidity or unenforceability of
any provision hereof shall in no way affect the validity or enforceability of
any other provision.

      

      

      

      [Signature page
follows]

      

      
        
           

        

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

       

      ACCELERIZE NEW MEDIA,
INC.

      

      By:           /s/ Brian
Ross

      Name:      Brian
Ross

      Title:        CEO

       

      Witness:

       

      ____________________________________

       

       

      
        
           

        

        
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      Exhibit
A

      

      VESTING
SCHEDULE

      

      

      Two
Million Five Hundred Thousand (2,500,000) Warrants shall vest on the Issue
Date.

      

      An
additional Two Million Five Hundred Thousand (2,500,000) Warrants shall vest in
twelve (12) equal increments of 208,333.33 shares each, at the end of every
3-month period after the Issue Date, with the last vesting increment taking
place on the 3rd
anniversary after the Issue Date.

       

      
 

      
        
           

        

        
          
          

          
            

          

        

        
           

        

      

      Exhibit
B

      

      FORM OF
SUBSCRIPTION

      (to be
signed only on exercise of Warrant)

      TO:           ACCELERIZE
NEW MEDIA, INC.

      The
undersigned, pursuant to the provisions set forth in the attached Warrant
(No.____), hereby irrevocably elects to purchase (check applicable
box):

      

      ________
shares of the Common Stock covered by such Warrant;

      The
undersigned herewith makes payment of the full purchase price for such shares at
the price per share provided for in such Warrant, which is
$___________.  Such payment takes the form of a check in the face
amount of $_______:

      

      The
undersigned requests that the certificates for such shares be issued in the name
of, and delivered to _____________________________________________________ whose
address
is__________________________________________________________________________

      

      The
undersigned represents and warrants that the representations and warranties in
Section 4 of the Note (as defined in this Warrant) are true and accurate with
respect to the undersigned on the date hereof.

      

      The
undersigned represents and warrants that all offers and sales by the undersigned
of the securities issuable upon exercise of the within Warrant shall be made
pursuant to registration of the Common Stock under the Securities Act, or
pursuant to an exemption from registration under the Securities
Act.

      

      Dated:
________________________

       

       

      ____________________________________

      (Signature
must conform to name of holder

      as
specified on the fact of theWarrant.)

       

       

      ____________________________________

    

    
       

      ____________________________________

      (Address)

       

       

      
        
           

        

        
          
          

          
            

          

        

        
           

        

      

      Exhibit
C

      

      FORM OF
TRANSFEROR ENDORSEMENT

      (To be
signed only on transfer of Warrant)

       

      For value
received, the undersigned hereby sells, assigns, and transfers unto the
person(s) named below under the heading “Transferees” the right represented by
the within Warrant to purchase the percentage and number of shares of Common
Stock of ACCELERIZE NEW MEDIA, INC. to which the within Warrant relates
specified under the headings “Percentage Transferred” and “Number Transferred,”
respectively, opposite the name(s) of such person(s) and appoints each such
person Attorney to transfer its respective right on the books of ACCELERIZE NEW
MEDIA, INC. with full power of substitution in the premises.

       

      
        	
                Transferees

              	
                Percentage Transferred

              	
                Number Transferred

              
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      

      

      

      

      
        	
                Dated:  ______________,
      ___________

                 

                 

                 

                Signed
      in the presence of:

                 

                _____________________________________

                (Name)

                 

                 

                ACCEPTED
      AND AGREED:

                TRANSFEREE

                 

                ________________________________

                (Name)

                 

              	
                ___________________________________

                (Signature
      must conform to name of holder

                as
      specified on the face of the warrant)

                 

                 

                ___________________________________

                ___________________________________

                (address)

                 

                ___________________________________

                ___________________________________

                (address)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00147-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00147-of-00352.parquet"}]]