Document:

EXIBIT
      10.30

    

    Form
      of
      the Warrant dated September 24, 2007

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    Execution
      Copy

    

    THIS
      WARRANT (THIS “WARRANT”) AND
      THE
      SECURITIES ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE
      NOT BEEN
      REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”),
      OR ANY STATE SECURITIES LAW, AND MAY NOT BE OFFERED FOR SALE OR SOLD UNLESS
      A
      REGISTRATION STATEMENT UNDER SUCH ACT AND APPLICABLE STATE SECURITIES LAWS
      SHALL
      BE EFFECTIVE WITH RESPECT THERETO, OR AN EXEMPTION FROM REGISTRATION UNDER
      THE
      SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS IS AVAILABLE IN CONNECTION
      WITH SUCH OFFER OR SALE. THIS WARRANT AND THE SECURITIES ISSUABLE UPON
      EXERCISE HEREOF
      MAY NOT BE TRANSFERRED OR ASSIGNED TO ANY PERSON EXCEPT IN COMPLIANCE WITH
      APPLICABLE SECURITIES LAWS.

     

    WARRANT
      

     

    TO
      PURCHASE COMMON STOCK 

    

    OF

     

    MANARIS
      CORPORATION

     

    
      
        	
                Issue
                  Date: September 24, 2007

              	
                Warrant
                  No. 2-A

              

      

    

     

    

    THIS
      CERTIFIES that IMPERIUM MASTER FUND, LTD. or
      any
      subsequent holder hereof (the “Holder”),
      has
      the right to purchase from MANARIS CORPORATION,
      a
      Nevada corporation (the
      “Company”),
      up to
      20,276,190 fully paid and nonassessable shares of the Company’s common stock,
      par value $.00001 per share (the “Common
      Stock”),
      subject to adjustment as provided herein, at a price per share equal to the
      Exercise Price (as defined below), at any time and from time to time beginning
      on the Issue Date and ending at 5:00 p.m., New York City time, on the fifth
      (5th)
      anniversary of the Issue Date or, if such day is not a Business Day, on the
      next
      succeeding Business Day (the “Expiration
      Date”).

    

    This
      Warrant is issued pursuant to a Securities Purchase and Loan Agreement, dated
      as
      of the date hereof (the “Loan
      Agreement”).
      If
      this Warrant is partially assigned and divided into two or more notes, such
      additional warrants along with the remainder of this Warrant are collectively
      referred to herein as the “Warrants”.
      

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    1. DEFINITIONS.

    

    (a) Defined
      Terms.
      The
      following terms shall apply to this Warrant:

     

    “Assumed
      Variable Market Price”
      has the
      meaning set forth in Section
      7(e)(ii)(B)
      of this
      Warrant.

    

    “Cash
      Exercise”
      has
      the
      meaning set forth in Section
      6
      of this
      Warrant.

    

    “Cashless
      Exercise”
      has
      the
      meaning set forth in Section
      6
      of this
      Warrant.

    

    “Common
      Stock”
      has
      the
      meaning set forth in the preamble
      to this
      Warrant.

    

    “Company”
      has
      the
      meaning set forth in the preamble
      to this
      Warrant.

    

    “Convertible
      Securities” means
      any
      stock or securities (other than Options) of the Company convertible into or
      exercisable or exchangeable for Common Stock. 

    

    “Delivery
      Date”
      has
      the
      meaning set forth in Section
      3
      of this
      Warrant.

     

    “Determination
      Date”
      has
      the
      meaning set forth in Section
      7(c)
      of this
      Warrant.

     

    “Dilutive
      Issuance”
      has
      the
      meaning set forth in Section
      7(e)(i)
      of this
      Warrant.

     

    “Dispute
      Procedure”
      has
      the
      meaning set forth in Section
      2(b)
      of this
      Warrant.

     

    “Distribution”,
      “Distribution
      Date”
and
      Distribution
      Notice”
      have
      the
      respective meanings set forth in Section7(c)
      of this
      Warrant.

    

    “DTC”
      has
      the
      meaning set forth in Section
      3
      of this
      Warrant.

     

    “Expiration
      Date”
      has
      the
      meaning set forth in the preamble
      to
      this
      Warrant.

    

    “Exercise
      Date”
      has
      the
      meaning set forth in Section
      2(b)
      of this
      Warrant.

    

    “Exercise
      Default”
      has
      the
      meaning set forth in Section
      4(a)
      of this
      Warrant.

     

    “Exercise
      Notice”
      has
      the
      meaning set forth in Section
      2(b)
      of this
      Warrant.

    

    “Exercise
      Price”
      has
      the
      meaning set forth in Section
      2(a)
      of this
      Warrant.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    “FAST”
      has
      the
      meaning set forth in Section
      3
      of this
      Warrant.

    

    “Holder”
      has
      the
      meaning set forth in the preamble
      to this
      Warrant.

    

    “Issue
      Date”
means
      the Issue Date set forth on the front page of this Warrant.

    

    “Major
      Transaction”
means
      the existence, occurrence or public announcement of, or entering into an
      agreement contemplating, a merger, consolidation, business combination, tender
      offer, exchange of shares, recapitalization, reorganization, redemption or
      other
      similar event, as a result of which shares of Common Stock shall be changed
      into, or exchanged or tendered for, the same or a different number of shares
      of
      the same or another class or classes of stock or securities or other assets
      of
      the Company or another entity.

    

    “Market
      Price”
means,
      as of a particular date, the highest daily VWAP during the period of twenty
      (20)
      consecutive Trading Days occurring immediately prior to (but not including)
      such
      date as reported in the Principal Market for such securities. If
      Market
      Price cannot be calculated for the Common Stock because the Common Stock is
      no
      longer publicly traded or otherwise, then the Company shall submit such
      calculation to an independent investment banking firm of national reputation
      reasonably acceptable to the Holder, and shall cause such investment banking
      firm to perform such determination and notify the Company and the Holder of
      the
      results of determination no later than five (5) Business Days from the time
      such
      calculation was submitted to it by the Company.

    

    “Options”
means
      any rights, warrants or options to subscribe for, purchase or receive Common
      Stock or Convertible Securities.

    

    “Record
      Date”
      has
      the
      meaning set forth in Section
      7(c)
      of this
      Warrant.

     

    “VWAP”
on
      a
      Trading Day means the volume weighted average price of the Common Stock for
      such
      Trading Day on the Principal Market as reported by Bloomberg Financial Markets
      or, if Bloomberg Financial Markets is not then reporting such prices, by a
      comparable reporting service of national reputation selected by the Holders
      and
      reasonably satisfactory to the Company. 

    

    “Warrant
      Shares”
      has
      the
      meaning set forth in Section
      2(a)
      of this
      Warrant.

    

    (b) Terms
      Defined in the Loan Agreement.
      Any
      capitalized term used but not defined herein has the meaning specified in the
      Loan Agreement.

    

    (c) Usage. 
      All
      definitions contained in this Warrant are equally applicable to the singular
      and
      plural forms of the terms defined. The words “hereof”, “herein” and “hereunder”
and words of similar import refer to this Warrant as a whole and not to any
      particular provision of this Warrant.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    2. EXERCISE.

    

    (a)
       Right
      to Exercise; Exercise Price.
      The
      Holder shall have the right to exercise this Warrant at any time and from time
      to time during the period beginning on the Issue Date and ending at 5 p.m.,
      New
      York City time, on the Expiration Date as to all or any part of the shares
      of
      Common Stock covered hereby (the “Warrant
      Shares”).
      The
“Exercise
      Price”
for
      each Warrant Share purchased by the Holder upon the exercise of this Warrant
      shall be $0.11, subject to adjustment for the events specified in Section
      7
      of this
      Warrant.

    

    (b)
       Exercise
      Notice.
      In
      order to exercise this Warrant, the Holder shall (i) send by facsimile
      transmission, at any time prior to 5:00 p.m., New York City time, on the
      Business Day on which the Holder wishes to effect such exercise (the
“Exercise
      Date”),
      to
      the Company an executed copy of the notice of exercise in the form attached
      hereto as Exhibit
      A
      (the
“Exercise
      Notice”)
      and
      (ii) in the case of a Cash Exercise, deliver the Exercise Price to the Company
      by wire transfer of immediately available funds. The Holder shall promptly
      thereafter deliver the original Warrant to the Company for cancellation (and
      replacement with a new Warrant if exercised in part) pursuant to Section
      2(d)
      of this
      Warrant. The
      Exercise Notice shall also state the name or names in which the Warrant Shares
      issuable on such exercise shall be issued if other than the Holder. In
      the
      case of a dispute as to the calculation of the Exercise Price or the number
      of
      Warrant Shares issuable hereunder (including, without limitation, the
      calculation of any adjustment pursuant to Section
      7 below),
      the Company shall promptly issue to the Holder the number of Warrant Shares
      that
      are not disputed and shall submit the disputed calculations to a certified
      public accounting firm of national recognition (other than the Company’s
      independent accountants) within two (2) Business Days following the date on
      which the Exercise Notice is delivered to the Company. The Company shall use
      its
      best efforts to cause such accountant to calculate the Exercise Price and/or
      the
      number of Warrant Shares issuable hereunder and to notify the Company and the
      Holder of the results in writing no later than two (2) Business Days following
      the day on which such accountant received the disputed calculations (the
“Dispute
      Procedure”).
      Such
      accountant’s calculation shall be deemed conclusive absent manifest error. The
      fees of any such accountant shall be borne by the party whose calculations
      were
      most at variance with those of such accountant.

    

    (c) Holder
      of Record.
      The
      Holder shall, for all purposes, be deemed to have become the holder of record
      of
      the Warrant Shares specified in an Exercise Notice on the Exercise Date
      specified therein, irrespective of the date of delivery of such Warrant Shares.
      Except as specifically provided herein, nothing in this Warrant shall be
      construed as conferring upon the Holder hereof any rights as a stockholder
      of
      the Company prior to the Exercise Date.

    

    (d)
       Cancellation
      of Warrant.
      This
      Warrant shall be canceled upon its exercise and, if this Warrant is exercised
      in
      part, the Company shall, at the time that it delivers Warrant Shares to the
      Holder pursuant to such exercise as provided herein, issue a new warrant, and
      deliver to the Holder a certificate representing such new warrant, with terms
      identical in all respects to this Warrant (except that such new warrant shall
      be
      exercisable into the number of shares of Common Stock with respect to which
      this
      Warrant shall remain unexercised); provided,
      however,
      that
      the Holder shall be entitled to exercise all or any portion of such new warrant
      at any time following the time at which this Warrant is exercised, regardless
      of
      whether the Company has actually issued such new warrant or delivered to the
      Holder a certificate therefor.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    3. DELIVERY
      OF WARRANT SHARES UPON EXERCISE.

    

    Upon
      receipt of an Exercise Notice pursuant to Section
      2
      of this
      Warrant, the Company shall, (A) in the case of a Cash Exercise no later than the
      close of business on the later to occur of (i) the third (3rd) Business Day
      following the Exercise Date set forth in such Exercise Notice and (ii) the
      date
      on which the Company has received payment of the Exercise Price, and (B) in
      the
      case of a Cashless Exercise, no later than the close of business on the third
      (3rd) Business Day following the Exercise Date set forth in such Exercise
      Notice, and (C) with respect to Warrant Shares that are the subject of a Dispute
      Procedure, the close of business on the third (3rd)
      Business Day following the determination made pursuant to Section
      2(b)
      of this
      Warrant (each of the dates specified in the foregoing clauses
      (A),
      (B)
      or
(C)
      being
      referred to as a “Delivery
      Date”),
      issue
      and deliver or cause to be delivered to the Holder the number of Warrant Shares
      as shall be determined as provided herein. The Company shall effect delivery
      of
      Warrant Shares to the Holder by delivering to the Holder or its nominee physical
      certificates representing such Warrant Shares, no later than the close of
      business on such Delivery Date. If the Transfer Agent participates in the
      Depository Trust Company (“DTC”)
      Fast
      Automated Securities Transfer program (“FAST”),
      and
      the Holder so specifies in an Exercise Notice or otherwise in writing on or
      before the Exercise Date, the Company shall effect delivery of Warrant Shares
      by
      crediting the account of the Holder or its nominee at DTC (as specified in
      the
      applicable Exercise Notice) with the number of Warrant Shares required to be
      delivered, no later than the close of business on such Delivery Date. If any
      exercise would create a fractional Warrant Share, such fractional Warrant Share
      shall be disregarded and the number of Warrant Shares issuable upon such
      exercise, in the aggregate, shall be the nearest whole number of Warrant Shares.
      Warrant Shares delivered to the Holder shall not contain any restrictive legend
      unless such legend is required by applicable securities laws.

    

    4. FAILURE
      TO DELIVER WARRANT SHARES.
      

    

    (a) In
      the
      event that the Company fails for any reason (other than as a result of the
      Holder’s failure, in the case of a Cash Exercise, to pay the aggregate Exercise
      Price for the Warrant Shares being purchased) to deliver to the Holder the
      number of Warrant Shares specified in the applicable Exercise Notice (without
      any restrictive legend if so required under the Loan Agreement) on or before
      the
      third (3rd)
      Business Day following the Delivery Date therefor, or fails to remove any
      restrictive legend from outstanding Warrant Shares at the request of the Holder
      to the extent required under the Loan Agreement on or before the third
      (3rd)
      Business Day following such request (an “Exercise
      Default”),
      the
      Holder shall have the right to receive from the Company an amount equal to
      (i)
      (N/365) multiplied
      by
      (ii) the
      aggregate Market Price of the Warrant Shares (calculated as of the date on
      which
      the applicable Exercise Notice was delivered) which are the subject of such
      Exercise Default multiplied
      by
      (iii)
      the lower of eighteen percent (18%) and the maximum rate permitted by applicable
      law or by the applicable rules or regulations of any Governmental Authority,
      where “N” equals the number of days elapsed between the original Delivery Date
      of such Warrant Shares (or from such third Business Day in the event of a
      failure to remove a legend from outstanding Warrant Shares) and the date on
      which such Exercise Default has been cured. Amounts
      payable under the preceding sentence shall
      be
      paid to the Holder in immediately available funds on or before the second
      (2nd)
      Business Day following written notice from the Holder to the Company specifying
      the amount owed to it by the Company. In
      the
      event that shares of Common Stock are purchased by or on behalf of the Holder
      in
      order to
      make
      delivery on a sale effected in anticipation of receiving Warrant Shares upon
      an
      exercise, the Holder shall have the right to receive from the Company, in
      addition to the foregoing amounts, (i) the aggregate amount paid by or on behalf
      of the Holder for such shares of Common Stock minus
      (ii) the
      aggregate amount of net proceeds, if any, received by the Holder from the sale
      of the Warrant Shares issued by the Company pursuant to such exercise.

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

     

    (b) In
      addition to its rights under Section
      4(a)
      of this
      Warrant, upon an Exercise Default, the Holder shall have the right to pursue
      all
      other remedies available to it at law or in equity (including, without
      limitation, a decree of specific performance and/or injunctive
      relief). 

     

    5. EXERCISE
      LIMITATION.
      

    

    The
      Holder shall not be permitted to exercise this Warrant, or part thereof, if,
      upon such exercise, the number of shares of Common Stock beneficially owned
      by
      the Holder (other than shares which may be deemed beneficially owned except
      for
      being subject to a limitation on exercise or exercise analogous to the
      limitation contained in this Section
      5),
      would
      exceed 9.9% of the number of shares of Common Stock then issued and outstanding,
      it being the intent of the Company and the Holder that the Holder not be deemed
      at any time to have the power to vote or dispose of greater than 9.9% of the
      number of shares of Common Stock issued and outstanding at any time. Nothing
      contained herein shall be deemed to restrict the right of the Holder to exercise
      this Warrant at such time as such exercise will not violate the provisions
      of
      this Section
      5.
      As
      used
      herein, beneficial ownership shall be determined in accordance with Section
      13(d) of the Exchange Act. The holders of Common Stock are to be deemed
      third-party beneficiaries of the limitation imposed hereby and, accordingly,
      this Section
      5
      may not
      be amended without the consent of the holders of a majority of the shares of
      Common Stock then outstanding; provided,
      however,
      that
      the Holder shall have the right, upon sixty (60) days’ prior written notice to
      the Company, to waive the provisions of this Section
      5
      without
      obtaining such consent.
      

    

    6. PAYMENT
      OF THE EXERCISE PRICE; CASHLESS EXERCISE.
      

    

    The
      Holder may pay the Exercise Price through a cash exercise (a “Cash
      Exercise”)
      by
      delivering immediately available funds on the Exercise Date, or if at any time
      after August 22, 2008 all or some of the Warrant Shares may not be sold pursuant
      to an effective registration statement, the Holder may elect to pay the Exercise
      Price through a cashless exercise (a “Cashless
      Exercise”),
      whether exclusively or in combination with a Cash Exercise. The Holder shall
      effect a Cashless Exercise by surrendering this Warrant to the Company and
      noting on the Exercise Notice that the Holder wishes to effect a Cashless
      Exercise, upon which the Company shall issue to the Holder a number of Warrant
      Shares determined as follows:

     

    X
      = Y x
      (A-B)/A

    

    where:   X
      = the
      number of Warrant Shares to be issued to the Holder;

    

    Y
      = the
      number of Warrant Shares with respect to which this Warrant is being
      exercised;

     

    
      A
        = the
        VWAP on the Trading Day immediately preceding the date of such election;
        and

    

    

      B
        = the
        Exercise Price.

       

      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

      

    

     

    It
      is
      intended and acknowledged that the Warrant Shares issued in a Cashless Exercise
      transaction shall be deemed to have been acquired by the Holder, and the holding
      period for the Warrant Shares required by Rule 144 shall be deemed to have
      been
      commenced, on the Issue Date. 

    

    7. ANTI-DILUTION
      ADJUSTMENTS; DISTRIBUTIONS; OTHER EVENTS.
      

    

    The
      Exercise Price and the number of Warrant Shares issuable hereunder shall be
      subject to adjustment from time to time as provided in this Section
      7.

    

    (a) Stock
      Splits, Stock Interests, Etc.
      If, at
      any time on or after the Issue Date, the number of outstanding shares of Common
      Stock is increased by a stock split, stock dividend, reclassification or other
      similar event, the Exercise Price shall be proportionately reduced, or if the
      number of outstanding shares of Common Stock is decreased by a reverse stock
      split, combination, reclassification or other similar event, the Exercise Price
      shall be proportionately increased. 

     

    (b) Major
      Transactions.
      If, at
      any time after the Issue Date, any Major Transaction shall occur, then the
      Holder shall thereafter have the right to exercise this Warrant in whole or
      in
      part at any time prior to, on or after the record date for the receipt of the
      consideration payable to the holders of Common Stock and shall be entitled
      to
      receive, in lieu of the shares of Common Stock otherwise issuable upon exercise
      of this Warrant, such shares of stock, securities and/or other assets as would
      have been issued or payable upon such Major Transaction with respect to or
      in
      exchange for the number of shares of Common Stock which would have been issuable
      upon exercise of this Warrant had such Major Transaction not taken place
      (without giving effect to any limitations on such exercise contained in this
      Warrant). The Company shall not effect any Major Transaction unless (1)
subsequent
      to the
      public disclosure by the Company of such Major Transaction, the Holder has
      been
      given written notice of such transaction by the earlier of (A) the date that
      is
      thirty (30) days (sixty one (61) days if, without giving effect to the
      limitation on exercise contained in Section
      5,
      the
      Holder would beneficially own more than 9.9% of the Common Stock then
      outstanding) prior to the date on which such transaction is consummated, and
      (B)
      the date that is fifteen (15) days prior to the record date for the
      determination of the Company’s stockholders entitled to vote with respect to
      such transaction, and (2) the resulting successor or acquiring entity (if not
      the Company) assumes by written instrument (in form and substance reasonably
      satisfactory to the Holder) the obligations of the Company under this Warrant,
      with such adjustments to the Exercise Price and the securities covered hereby
      as
      may be necessary in order to preserve the economic benefits of this Warrant
      to
      the Holder. The above provisions shall apply regardless of whether or not there
      would have been a sufficient number of shares of Common Stock authorized and
      available for issuance upon exercise of this Warrant as of the date of such
      transaction, and shall similarly apply to successive Major
      Transactions.

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    (c) Distributions.
      If, at
      any time after the Issue Date, the Company declares or makes any distribution
      of
      cash or any other assets (or rights to acquire such assets) to holders of Common
      Stock, including without limitation any dividend or distribution to the
      Company’s stockholders in shares (or rights to acquire shares) of capital stock
      of a subsidiary (a “Distribution”),
      the
      Company shall deliver written notice of such Distribution (a “Distribution
      Notice”)
      to the
      Holder at least fifteen (15) days prior to the earlier to occur of (i) the
      record date for determining stockholders entitled to such Distribution (the
      “Record
      Date”)
      and
      (ii) the date on which such Distribution is made (the “Distribution
      Date”)
      (the
      earlier of such dates being referred to as the “Determination
      Date”).
      Upon
      receipt of the Distribution Notice, the Holder shall promptly (but in no event
      later than three (3) Business Days) notify the Company whether it has elected
      (A) to receive the same amount and type of assets (including, without
      limitation, cash) being distributed as though the Holder were, on the
      Determination Date, a holder of a number of shares of Common Stock into which
      this Warrant is exercisable as of such Determination Date (such number of shares
      to be determined without giving effect to any limitations on such exercise)
      or
      (B) upon any exercise of this Warrant on or after the Distribution Date, to
      reduce the Exercise Price in effect on the Business Day immediately preceding
      the Record Date (such date being deemed the Exercise Date for purposes hereof)
      by an amount equal to the fair market value of the assets to be distributed
      divided
      by
      the
      number of shares of Common Stock as to which such Distribution is to be made,
      such fair market value to be reasonably determined in good faith by the Board
      of
      Directors and reasonably acceptable to the Holder. Upon receipt of such election
      notice from the Holder, the Company shall timely effectuate the transaction
      or
      adjustment contemplated in the foregoing clause
      (A) or (B),
      as
      applicable. 
      If the
      Holder does not notify the Company of its election pursuant to the preceding
      sentence on or prior to the Determination Date, the Holder shall be deemed
      to
      have elected clause
      (A)
      of the
      preceding sentence.

     

    (d) Convertible
      Securities; Options.
      If, at
      any time after the Issue Date, the Company issues Convertible Securities or
      Options to the record holders of the Common Stock, whether or not such
      Convertible Securities or Options are immediately convertible, exercisable
      or
      exchangeable, then the Holders shall be entitled, upon any exercise of this
      Warrant on or after the date of record for determining stockholders entitled
      to
      receive such Convertible Securities or Options (or if no such record is taken,
      the date on which such Convertible Securities or Options are issued), to receive
      the aggregate number of Convertible Securities or Options which the Holder
      would
      have received with respect to the shares of Common Stock issuable upon such
      exercise (without giving effect to any limitations on such exercise contained
      in
      this Warrant) had the Holder been the holder of such shares of Common Stock
      on
      the record date for the determination of stockholders entitled to receive such
      Convertible Securities or Options (or if no such record is taken, the date
      on
      which such Convertible Securities or Options were issued). 

     

    
      (e) Dilutive
        Issuances.

       

      (i) Adjustment
        Upon Dilutive Issuance.
        

       

      If,
        at
        any time after the Issue Date, the Company issues or sells, or in accordance
        with Section
        7(e)(ii) is
        deemed
        to have issued or sold, any shares of Common Stock for no consideration or
        for a
        consideration per share less than the Exercise Price in effect on the date
        of
        such issuance or sale (or deemed issuance or sale) (a “Dilutive
        Issuance”),
        then
        the Exercise Price shall be adjusted so as to equal the consideration received
        or receivable by the Company (on a per share basis) for the additional shares
        of
        Common Stock so issued, sold or deemed issued or sold in such Dilutive Issuance
        (which, in the case of a deemed issuance or sale, shall be calculated in
        accordance with Section
        7(e)(ii)
        below).
        Notwithstanding the foregoing, no adjustment shall be made pursuant to this
        Section
        7(e)(i)
        if such
        adjustment would result in an increase in the Exercise Price.

    

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    (ii) Effect
      On Exercise Price Of Certain Events.
      For
      purposes of determining the adjusted Exercise Price under Section
      7(e)(i),
      the
      following will be applicable:

    

    (A) Issuance
      Of Options.
      If the
      Company issues or sells any Options, whether or not immediately exercisable,
      and
      the price per share for which Common Stock is issuable upon the exercise of
      such
      Options (and the price of any conversion of Convertible Securities, if
      applicable) is less than the Exercise Price in effect on the date of issuance
      or
      sale of such Options (such date being deemed the Exercise Date for purposes
      hereof), then the maximum total number of shares of Common Stock issuable upon
      the exercise of all such Options (assuming full conversion, exercise or exchange
      of Convertible Securities, if applicable) shall, as of the date of the issuance
      or sale of such Options, be deemed to be outstanding and to have been issued
      and
      sold by the Company for such price per share. For purposes of the preceding
      sentence, the “price per share for which Common Stock is issuable upon the
      exercise of such Options” shall be determined by dividing (x) the total amount,
      if any, received or receivable by the Company as consideration for the issuance
      or sale of all such Options, plus the minimum aggregate amount of additional
      consideration, if any, payable to the Company upon the exercise of all such
      Options, plus,
      in the
      case of Convertible Securities issuable upon the exercise of such Options,
      the
      minimum aggregate amount of additional consideration payable upon the
      conversion, exercise or exchange thereof (determined in accordance with the
      calculation method set forth in Section
      7(e)(ii)(B)
      below)
      at the time such Convertible Securities first become convertible, exercisable
      or
      exchangeable, by (y) the maximum total number of shares of Common Stock issuable
      upon the exercise of all such Options (assuming full conversion, exercise or
      exchange of Convertible Securities, if applicable). No further adjustment to
      the
      Exercise Price shall be made upon the actual issuance of such Common Stock
      upon
      the exercise of such Options or upon the conversion, exercise or exchange of
      Convertible Securities issuable upon exercise of such Options.
      To the
      extent that shares of Common Stock or Convertible Securities are not delivered
      pursuant to such Options, upon the expiration or termination of such Options,
      the Exercise Price shall be readjusted to the Exercise Price that would then
      be
      in effect had the adjustments made upon the issuance of such Options been made
      on the basis of delivery of only the number of shares of Common Stock actually
      delivered.

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    (B) Issuance
      Of Convertible Securities.
      If the
      Company issues or sells any Convertible Securities, whether or not immediately
      convertible, exercisable or exchangeable, and the price per share for which
      Common Stock is issuable upon such conversion, exercise or exchange is less
      than
      the Exercise Price in effect on the date of issuance or sale of such Convertible
      Securities (such date being deemed the Exercise Date for purposes hereof),
      then
      the maximum total number of shares of Common Stock issuable upon the conversion,
      exercise or exchange of all such Convertible Securities shall, as of the date
      of
      the issuance or sale of such Convertible Securities, be deemed to be outstanding
      and to have been issued and sold by the Company for such price per share. If
      the
      Convertible Securities so issued or sold do not have a fluctuating conversion
      or
      exercise price or exchange ratio, then for the purposes of the immediately
      preceding sentence, the “price per share for which Common Stock is issuable upon
      such conversion, exercise or exchange” shall be determined by dividing (A) the
      total amount, if any, received or receivable by the Company as consideration
      for
      the issuance or sale of all such Convertible Securities, plus the minimum
      aggregate amount of additional consideration, if any, payable to the Company
      upon the conversion, exercise or exchange thereof (determined in accordance
      with
      the calculation method set forth in this Section
      7(e)(ii)(B))
      at the
      time such Convertible Securities first become convertible, exercisable or
      exchangeable, by (B) the maximum total number of shares of Common Stock issuable
      upon the exercise, conversion or exchange of all such Convertible Securities.
      If
      the Convertible Securities so issued or sold constitute a Variable Rate
      Security, then for purposes of the first sentence of this Section
      7(e)(ii)(B),
      the
“price per share for which Common Stock is issuable upon such conversion,
      exercise or exchange” shall be deemed to be the lowest price per share which
      would be applicable (assuming all holding period and other conditions to any
      discounts contained in such Variable Rate Security have been satisfied) if
      the
      conversion price of such Variable Rate Security on the date of issuance or
      sale
      thereof were equal to the actual conversion price on such date (or such higher
      minimum conversion price if such Variable Rate Security is subject to a minimum
      conversion price) (the “Assumed
      Variable Market Price”),
      and,
      further, if the conversion price of such Variable Rate Security at any time
      or
      times thereafter is less than or equal to the Assumed Variable Market Price
      last
      used for making any adjustment under this Section
      7(e)
      with
      respect to any Variable Rate Security, the Exercise Price in effect at such
      time
      shall be readjusted to equal the Exercise Price which would have resulted if
      the
      Assumed Variable Market Price at the time of issuance of the Variable Rate
      Security had been equal to the actual conversion price of such Variable Rate
      Security existing at the time of the adjustment required by this sentence;
      provided,
      however,
      that if
      the conversion or exercise price or exchange ratio of a Convertible Security
      may
      fluctuate solely as a result of provisions designed to protect against dilution,
      such Convertible Security shall not be deemed to be a Variable Rate Security.
      No
      further adjustment to the Exercise Price shall be made upon the actual issuance
      of such Common Stock upon conversion, exercise or exchange of such Convertible
      Securities.

     

    (C) Change
      In Option Price Or Conversion Rate.
      If
      there is a change at any time in (x) the amount of additional consideration
      payable to the Company upon the exercise of any Options; (y) the amount of
      additional consideration, if any, payable to the Company upon the conversion,
      exercise or exchange of any Convertible Securities; or (z) the rate at which
      any
      Convertible Securities are convertible into or exercisable or exchangeable
      for
      Common Stock (in each such case, other than under or by reason of provisions
      designed to protect against dilution), the Exercise Price in effect at the
      time
      of such change shall be readjusted to the Exercise Price which would have been
      in effect at such time had such Options or Convertible Securities still
      outstanding provided for such changed additional consideration or changed
      conversion, exercise or exchange rate, as the case may be, at the time initially
      issued or sold.

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    (D) Calculation
      Of Consideration Received.
      If any
      Common Stock, Options or Convertible Securities are issued or sold for cash,
      the
      consideration received therefor will be the amount received by the Company
      therefor. In case any Common Stock, Options or Convertible Securities are issued
      or sold for a consideration part or all of which shall be other than cash,
      including in the case of a strategic or similar arrangement in which the other
      entity will provide services to the Company, purchase services from the Company
      or otherwise provide intangible consideration to the Company, the amount of
      the
      consideration other than cash received by the Company (including the net present
      value of the consideration expected by the Company for the provided or purchased
      services) shall be the fair market value of such consideration. In case any
      Common Stock, Options or Convertible Securities are issued in connection with
      any merger or consolidation in which the Company is the surviving corporation,
      the amount of consideration therefor will be deemed to be the fair market value
      of such portion of the net assets and business of the non-surviving corporation
      as is attributable to such Common Stock, Options or Convertible Securities,
      as
      the case may be. A majority of the independent members of the Company’s Board of
      Directors shall calculate reasonably and in good faith, using standard
      commercial valuation methods appropriate for valuing such assets, the fair
      market value of any consideration.

    

    (iii) Exceptions
      To Adjustment Of Exercise Price.
      Notwithstanding the foregoing, no adjustment to the Exercise Price shall be
      made
      pursuant to this Section
      7(e)
      upon the
      issuance of any Excluded Securities.

    

    (f) Notice
      Of Adjustments.
      Upon
      the occurrence of each adjustment or readjustment of the Exercise Price pursuant
      to this Section
      7
      resulting in a change in the Exercise Price by more than one percent (1%),
      or
      any change in the number or type of stock, securities and/or other property
      issuable upon exercise of this Warrant, the Company, at its expense, shall
      promptly compute such adjustment, readjustment or change and prepare and furnish
      to the Holder a certificate setting forth such adjustment, readjustment or
      change and showing in detail the facts upon which such adjustment, readjustment
      or change is based. The Company shall, upon the written request at any time
      of
      the Holder, furnish to the Holder a like certificate setting forth (i) such
      adjustment, readjustment or change, (ii) the Exercise Price at the time in
      effect and (iii) the number of shares of Common Stock and the amount, if any,
      of
      other securities or property which at the time would be received upon exercise
      of this Warrant.

     

    (g) Adjustments;
      Additional Shares, Securities or Assets.
      In the
      event that at any time, as a result of an adjustment made pursuant to this
      Section
      7,
      the
      Holder of this Warrant shall, upon exercise of this Warrant, become entitled
      to
      receive securities or assets (other than Common Stock) then, wherever
      appropriate, all references herein to shares of Common Stock shall be deemed
      to
      refer to and include such shares and/or other securities or assets; and
      thereafter the number of such shares and/or other securities or assets shall
      be
      subject to adjustment from time to time in a manner and upon terms as nearly
      equivalent as practicable to the provisions of this Section
      7.
      Any
      adjustment made herein that results in a decrease in the Exercise Price shall
      also effect a proportional increase in the number of shares of Common Stock
      into
      which this Warrant is exercisable so that the aggregate Exercise Price that
      the
      Holder must pay in order to exercise this Warrant in full shall remain unchanged
      immediately before and after such adjustment.

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    (h) True-Up.
      In the
      event that, at any time of determination, 

     

    (1) the
      sum
      of (i) the number of shares of Common Stock for which this Warrant and the
      Advisory Fee Warrant are then exercisable plus
      (ii) the
      number of shares into which the Convertible Note is then convertible
plus
      (iii)
      the
      number of shares of Common Stock issued prior to such time of determination
      under this Warrant, the Advisory Fee Warrant or the Convertible Note
is
      less than forty percent (40%) of 

     

    (2) the
      sum
      of (i) the number of shares of Common Stock outstanding as of the date hereof
      (as adjusted for stock splits, reserve stock splits and similar events)
plus
      (ii)
      the
      number of shares of Common Stock outstanding at such time of determination
      that
      were issued under the Options and Convertible Securities outstanding as of
      the
      date hereof plus
      (iii)
      the
      number of shares of Common Stock outstanding at such time of determination
      that
      were issued under any Options or Convertible Securities issued after the date
      hereof (to the extent such Options or Convertible Securities constitute
“Excluded Securities” under clause (ii) of the definition of “Excluded
      Securities” (as defined in the Loan Agreement)); then,

     

    the
      number of shares for which this Warrant may be exercised shall be increased
      by
      such shortfall. The adjustment contemplated by this Section
      7(h)
      may be
      made at any time or from time to time, and after each such adjustment, the
      Company shall comply with the notice requirements of Section
      7(f).

     

    8. MISCELLANEOUS.

     

    (a) Failure
      to Exercise Rights not Waiver.
      No
      failure or delay on the part of the Holder in the exercise of any power, right
      or privilege hereunder shall operate as a waiver thereof, nor shall any single
      or partial exercise of any such power, right or privilege preclude any other
      or
      further exercise thereof. All rights and remedies of the Holder hereunder are
      cumulative and not exclusive of any rights or remedies otherwise available.
      In
      the event that the Company breaches any of its obligations hereunder to issue
      Warrant Shares or pay any amounts as and when due, the Company shall bear all
      costs incurred by the Holder in collecting such amount, including without
      limitation reasonable legal fees and expenses. 

     

    (b) Notices.
      Any
      notice, demand or request required or permitted to be given by the Company
      or
      the Holder pursuant to the terms of this Warrant shall be in writing and shall
      be deemed delivered (i) when delivered personally, against written receipt
      therefor, or by verifiable facsimile transmission, unless such delivery is
      made
      on a day that is not a Business Day, in which case such delivery will be deemed
      to be made on the next succeeding Business Day, (ii) on the next Business Day
      after timely delivery to a nationally recognized overnight courier and (iii)
      on
      the Business Day actually received if deposited in the U.S. mail (certified
      or
      registered mail, return receipt requested, postage prepaid), addressed as
      follows:

    

    If
      to
      the Company:

    

    Manaris
      Corporation

    400
      boul.
      Montpellier

    Montreal,
      Quebec

    Canada
      H4N 2G7

    Attn:
      John Fraser, Chief Executive Officer

    Tel:
      (514) 904-6030

    Fax:
      (514) 744-2080

    

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

    With
      a Copy to:

    

    Sichenzia
      Ross Friedman & Ference

    61
      Broadway

    32nd
      Floor

    New
      York,
      New York 10006

    Attn:
      Darren M. Ocasio, Esq.

    Tel: (212)
      930-9700

    Fax: (212)
      930-9725

    

    If
      to
      the Holder:

    

    Imperium
      Master Fund, Ltd.

    153
      East
      53rd Street

    29th
      Floor

    New
      York,
      New York 10022

    Attn: Maurice
      Hryshko, Esq.

    Tel:
       (212)
      433-1360

    Fax: (212)
      433-1361

    

    or
      as
      shall otherwise be designated by such party in writing to the other parties
      hereto in accordance this Section
      8(b).
      Written
      confirmation of receipt generated by the sender’s facsimile machine containing
      the time, date, recipient facsimile number and an image of the first page of
      such transmission shall be rebuttable evidence of receipt by facsimile in
      accordance with clause (i) above.

    

    (c)
       Amendments
      and Waivers.
      No
      (i)
      amendment to this Warrant or (ii) waiver of any agreement or other obligation
      of
      the Company under this Warrant may be made or given except pursuant to a written
      instrument executed by the Company and the Holder.
      No
      waiver of any provision of this Warrant applicable to the Holder may be made
      except
      pursuant to a written instrument executed by the Holder and the Company. Any
      waiver given pursuant hereto shall be effective only in the specific instance
      and for the specific purpose for which given.

     

    (d)
       Transfer
      of Warrant.
      The
      Holder may sell, transfer or otherwise dispose of all or any part of this
      Warrant (including without limitation pursuant to a pledge) to any Person as
      long as such sale, transfer or disposition is the subject of an effective
      registration statement under the Securities Act and applicable state securities
      laws, or is exempt from registration thereunder, and is otherwise made in
      accordance with the applicable provisions of the Loan Agreement. From and after
      the date of any such sale, transfer or disposition, the transferee hereof shall
      be deemed to be the holder of the portion of this Warrant acquired by such
      transferee, and the Company shall, as promptly as practicable (but in no event
      later than three business days from the date it receives notice thereof), issue
      and deliver to such transferee a new Warrant identical in all respects to this
      Warrant, in the name of such transferee. The Company shall be entitled to treat
      the original Holder as the holder of this entire Warrant unless and until it
      receives written notice of the sale, transfer or disposition
      hereof.

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

     

    (e)
       Lost
      or Stolen Warrant.
      Upon
      receipt by the Company of evidence of the loss, theft, destruction or mutilation
      of this Warrant, and (in the case of loss, theft or destruction) of indemnity
      or
      security reasonably satisfactory to the Company, and upon surrender and
      cancellation of this Warrant, if mutilated, the Company shall execute and
      deliver to the Holder a new Warrant identical in all respects to this
      Warrant.

     

    (f)
       Governing
      Law.
      This
      Warrant shall be governed by and construed in accordance with the laws of the
      State of New York applicable
      to contracts made and to be performed entirely within the State of New
      York.

     

    (g) Successors
      and Assigns.
      The
      terms and conditions of this Warrant shall inure to the benefit of and be
      binding upon the respective successors (whether by merger or otherwise) and
      permitted assigns of the Company and the Holder. The Company may not assign
      its
      rights or obligations under this Warrant except as specifically required or
      permitted pursuant to the terms hereof.

    

    [Signature
      Page to Follow]

     

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF, the Company has duly executed and delivered this Warrant as
      of
      the Issue Date.

     

    
      	 	 	 
	 	MANARIS
              CORPORATION
	 
 	 
 	 
 
	 	By:  	 
	 	
              
                

              

              Name:

              Title:

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      A
      to WARRANT

    

    EXERCISE
      NOTICE

     

    The
      undersigned Holder hereby irrevocably exercises the right to
      purchase ___________
      of the
      shares of Common Stock (“Warrant
      Shares”)
      of
      MANARIS CORPORATION evidenced
      by the attached Warrant (the “Warrant”).
      Capitalized terms used herein and not otherwise defined shall have the
      respective meanings set forth in the Warrant.

    

    1. Form
      of
      Exercise Price. The Holder intends that payment of the Exercise Price shall
      be
      made as:

    

    ______
      a
Cash
      Exercise
      with
      respect to _________________ Warrant Shares; and/or 

    

    ______
      a
Cashless
      Exercise
      with
      respect to _________________ Warrant Shares.

    

    2. Payment
      of Exercise Price. In the event that the Holder has elected a Cash Exercise
      with
      respect to some or all of the Warrant Shares to be issued pursuant hereto,
      the
      Holder shall pay the sum of $________________ to the Company in accordance
      with
      the terms of the Warrant.

     

    Date:
      ______________________

     

    ___________________________________

    Name
      of
      Registered Holder

     

    By: 

    
      

    

    
      Name:

      Title:

    

     

    Holder
      Requests Delivery to be made:
      (check
      one)

     

    
      
        
          	o	
                  By
                    Delivery of Physical Certificates to the Above
                    Address

                

        

      

    

     

    
      
        
          	o	
                  Through
                    Depository Trust Corporation

                  (Account
                    _________________________)EXIBIT
      10.50

    

    Form
      of Registration Rights Agreement dated September 24, 2007

     

    
      
        
        

      

      
        -1-

        
          

        

      

      
        
        

      

    

     

    Execution
      Copy 

    

    REGISTRATION
      RIGHTS AGREEMENT

    

    THIS
      REGISTRATION RIGHTS AGREEMENT, dated as of September 24, 2007, is by and between
      MANARIS CORPORATION, a Nevada corporation (the “Company”),
      and
      IMPERIUM MASTER FUND, LTD., a Cayman Islands company (“Imperium”).

    

    Imperium
      is the holder of a Warrant, dated as of August 22, 2007 (the “Advisory
      Fee Warrant”),
      exercisable for five percent of the outstanding shares of the Company’s Common
      Stock, par value $0.00001 per share (the “Common
      Stock”).

    

    The
      Company has agreed, on the terms and subject to the conditions set forth in
      the
      Securities Purchase and Loan Agreement, dated as of the date hereof (the
“Loan
      Agreement”),
      to
      issue and sell to Imperium (A) a 6% Original Issue Discount Senior Secured
      Convertible Note in the form attached to the Loan Agreement (the “Convertible
      Note”),
      and
      (B) a Warrant in the form attached to the Loan Agreement (such Warrant, together
      with the Advisory Fee Warrant, the “Warrants”).

     

    In
      order
      to induce Imperium to enter into the Loan Agreement, the Company has agreed
      to
      provide certain registration rights with respect to the resale of the shares
      of
      Common Stock (A) into which the Convertible Note is convertible (the
“Conversion
      Shares”)
      and
      (B) for which the Warrants are exercisable (the “Warrant
      Shares”).
      

    

    In
      consideration of Imperium entering into the Loan Agreement, and other good
      and
      valuable consideration, the receipt and sufficiency of which are hereby
      acknowledged, the parties agree as follows:

    

    1. DEFINITIONS.

    

    (a) For
      purposes of this Agreement, the following terms shall have the meanings
      specified:

     

    “Closing
      Date”
has
      the
      meaning set forth in the Loan Agreement.

     

    “Common
      Stock”
has
      the
      meaning set forth in the recitals
      to this
      Agreement.

    

    “Company”
has
      the
      meaning set forth in the preamble
      to this
      Agreement.

    

    “Conversion
      Shares”
has
      the
      meaning set forth in the recitals
      to this
      Agreement.

    

    “Convertible
      Note”
has
      the
      meaning set forth in the recitals
      to this
      Agreement.

    

    “Effective
      Date”
means
      the date on which the Registration Statement is declared effective by the
      Commission.

     

    
      
        
        

      

      
        -2-

        
          

        

      

      
        
        

      

    

     

    “Filing
      Deadline”
means
      October 22, 2007.

    

    “Holder”
means
      any Person owning or having the right to acquire any Registrable
      Securities.

    

    “Loan
      Agreement”
has
      the
      meaning set forth in the recitals
      to this
      Agreement.

    

    “Registrable
      Securities”
means
      the Conversion Shares, the Warrant Shares and any other shares of Common Stock
      (or other securities) issued or issuable pursuant to the terms of the
      Convertible Notes or the Warrants, and any shares of capital stock issued or
      issuable from time to time (with any adjustments) in replacement of, in exchange
      for or otherwise in respect of the Conversion Shares and the Warrant Shares
      and
      any other shares listed on Schedule 5.12 of the Loan Agreement.

    

    “Registration
      Deadline”
means
      January 14, 2008.

    

    “Registration
      Default Payment Amount”
means
      the sum of (i) the greater of (x) 1.5% of the Purchase Price and (y) the product
      of the then current Market Price multiplied by the aggregate number of
      Registrable Securities issued or issuable pursuant to the terms of the
      Convertible Notes and the Warrants (other than the Advisory Fee Warrant) plus
      (ii) the product of the current Market Price multiplied by the aggregate number
      of Registrable Securities issued or issuable pursuant to the terms of the
      Advisory Fee Warrant.

    

    “Registration
      Period”
has
      the
      meaning set forth in Section
      2(d)
      of this
      Agreement.

    

    “Registration
      Statement”
means
      a
      registration statement or statements prepared in compliance with the Securities
      Act and pursuant to Rule 415 under the Securities Act (“Rule
      415”)
      or any
      successor rule providing for the offering of securities on a continuous or
      delayed basis.

    

    “Rule
      415 Amount”
has
      the
      meaning specified in Section 2(b) of this Agreement.

    

    “Subsequent
      Registration Statement”
has
      the
      meaning specified in Section 2(b) of this Agreement.

    

    “Warrants”
has
      the
      meaning set forth in the recitals
      to this
      Agreement.

    

    “Warrant
      Shares”
has
      the
      meaning set forth in the recitals
      to this
      Agreement.

    

    (b) Terms
      Defined in the Loan Agreement.
      Any
      capitalized term used but not defined herein has the meaning specified in the
      Loan Agreement.

    

    (c) Usage. 
      All
      definitions contained in this Agreement are equally applicable to the singular
      and plural forms of the terms defined. The words “hereof”, “herein” and
“hereunder” and words of similar import refer to this Warrant as a whole and not
      to any particular provision of this Warrant.

     

    
      
        
        

      

      
        -3-

        
          

        

      

      
        
        

      

    

     

    2. REGISTRATION.

    

    (a) Filing
      of Registration Statement.
      On or
      before the Filing Deadline, the Company shall prepare and file with the
      Commission a Registration Statement on Form SB-2 as a “shelf” registration
      statement under Rule 415 covering the resale of a number of shares of
      Registrable Securities equal to two hundred percent (200%) of the number of
      shares of Common Stock issuable upon conversion in full of the Notes and
      exercise in full of the Warrants (such number to be determined without regard
      to
      any restriction on such conversion or exercise). Such Registration Statement
      shall state, to the extent permitted by Rule 416 under the Securities Act,
      that
      it also covers such indeterminate number of additional shares of Common Stock
      as
      may become issuable upon the conversion of the Notes and exercise of the
      Warrants in order to prevent dilution resulting from stock splits, stock
      dividends or similar events.

    

    (b) Rule
      415 Amount.
      The
      amount of Registrable Securities required to be included in the Registration
      Statement shall be limited to not less than 100% of the maximum amount
      (“Rule
      415 Amount”)
      of
      Common Stock which may be included in a single Registration Statement without
      exceeding registration limitations imposed by the Commission pursuant to Rule
      415 of the Securities Act. In the event that less than all of the Registrable
      Securities are included in the Registration Statement as a result of the
      limitation described in this Section
      2(b),
      then
      the Company will file additional Registration Statements each registering the
      Rule 415 Amount (each such Registration Statement, a “Subsequent
      Registration Statement”),
      until
      all of the Registrable Securities have been registered. The Filing Date and
      Effective Date of each such Subsequent Registration Statement shall be,
      respectively, five (5) and sixty (60) days after the earlier of (i) the first
      day such Subsequent Registration Statement may be filed without objection by
      the
      Commission based on Rule 415 of the Securities Act and (ii) one hundred twenty
      (120) days from the date on which the most recent Registration Statement filed
      pursuant to this Section 2 was declared effective by the
      Commission.

    

    (c) S-3
      Registration Statement.
      Notwithstanding the foregoing Section
      2(a),
      in the
      event that the Company files a Registration Statement on Form SB-2, and
      thereafter meets the eligibility requirements to use Form S-3 for the resale
      of
      Registrable Securities by the Holders, the Company shall re-file such
      Registration Statement, or file a new Registration Statement on Form S-3
      covering the greater of (i) the number of shares then registered on the existing
      Registration Statement(s) (and not previously sold pursuant to an existing
      Registration Statement or pursuant to Rule 144) and (ii) the number of shares
      required to be registered pursuant to the terms of this Agreement, as promptly
      as practicable (but in no event later than thirty (30) days) after the Company
      meets such requirements.

     

    (d) Effectiveness.
      The
      Company shall use its best efforts to cause the Registration Statement to become
      effective as soon as practicable following the filing thereof, but in no event
      later than the Registration Deadline. The Company shall respond promptly to
      any
      and all comments made by the staff of the Commission with respect to a
      Registration Statement, and shall submit to the Commission, within five (5)
      Business Days after the Company learns that no review of such Registration
      Statement will be made by the staff of the Commission or that the staff of
      the
      Commission has no further comments on such Registration Statement, as the case
      may be, a request for acceleration of the effectiveness of such Registration
      Statement to a time and date not later than five (5) Business Days after the
      submission of such request. The Company will maintain the effectiveness of
      each
      Registration Statement filed pursuant to this Agreement until the earlier to
      occur of (i) the date on which all of the Registrable Securities eligible for
      resale thereunder have been publicly sold pursuant to the Registration Statement
      or Rule 144, and (ii) the date on which all of the Registrable Securities
      remaining to be sold under such Registration Statement (in the reasonable
      opinion of counsel to the Company) may be immediately sold to the public under
      Rule 144(k) under the Securities Act or any successor provision (the period
      beginning on the Registration Deadline and ending on the earliest to occur
      of
clause
      (i)
      or
(ii)
      above
      being referred to herein as the “Registration
      Period”)
      or
      until such later date as the Company shall determine.

     

    
      
        
        

      

      
        -4-

        
          

        

      

      
        
        

      

       

    

    (e) Registration
      Default.
      If (i)
      the Registration Statement is not filed on or before the Filing Deadline or
      declared effective by the Commission on or before the Registration Deadline,
      (ii) after a Registration Statement has been declared effective by the
      Commission, sales of Registrable Securities (other than such Registrable
      Securities as are then freely saleable pursuant to Rule 144(k)) cannot be made
      by a Holder under a Registration Statement for any reason not within the
      exclusive control of such Holder or (iii) an amendment or supplement to a
      Registration Statement, or a new registration statement, required to be filed
      pursuant to the terms of Section
      3(i),
      is not
      filed on or before the date required thereby (each of the foregoing clauses
      (i),
      (ii)
      and
(iii)
      being
      referred to herein as a “Registration
      Default”),
      the
      Company shall pay each Holder an amount of cash equal to such Holder’s
pro
      rata
      share
      (based on the number of Registrable Securities then held by or issuable to
      such
      Holder) of the Registration Default Payment and, for each 30 day period
      thereafter that such Registration Default remains uncured, an additional cash
      payment equal the Registration Default Payment Amount (pro
      rated
      for any
      period of less than 30 days). The first payment required to be made by the
      Company under this Section
      2(e)
      shall be
      made within five (5) Business Days following the date on which a Registration
      Default first occurs and subsequent payments shall be made on the earlier of
      (A)
      the last day of each 30 day period in which such Registration Default is
      continuing and (B) the date on which such Registration Default is cured (or,
      if
      any such day is not a Business Day, on the Business Day immediately following
      such day). Notwithstanding the foregoing, the total amount of liquidated damages
      payable by the Company pursuant to this Section
      2(e) shall
      be
      capped at an aggregate amount of nine percent (9%) of the Purchase Price. Any
      such payment shall be in addition to any other remedies available to each Holder
      at law or in equity, whether pursuant to the terms hereof or
      otherwise.

    

    (f) Allocation
      of Registered Shares.
      The
      initial number of Conversion Shares and Warrant Shares included in any
      Registration Statement and each increase in the number thereof included therein
      shall be allocated pro
      rata
      among
      the Holders (based on the number of Registrable Securities then held by or
      issuable to each Holder) at the time the Registration Statement covering such
      initial number of Registrable Securities or increase thereof is declared
      effective by the Commission. In the event that a Holder sells or otherwise
      transfers any of such Holder’s Registrable Securities, each transferee shall be
      allocated the portion of the then remaining number of Registrable Securities
      included in such Registration Statement and allocable to such
      Holder.

    

    (g) Registration
      of Other Securities.
      During
      the period beginning on the date hereof and ending on the Effective Date, the
      Company shall refrain from filing any registration statement (other than (i)
      a
      Registration Statement filed hereunder or that otherwise includes the
      Registrable Securities or (ii) a registration statement on Form S-8 with respect
      to stock option plans and agreements and stock plans currently in effect and
      disclosed in the Securities Purchase Agreement or the schedules thereto). In
      no
      event shall the Company include any securities other than Registrable Securities
      on any Registration Statement filed by the Company on behalf of the Holders
      pursuant to the terms hereof.

     

    
      
        
        

      

      
        -5-

        
          

        

      

      
        
        

      

    

     

    3. ADDITIONAL
      COVENANTS OF THE COMPANY.

    

    In
      addition to performing its obligations hereunder, including, without limitation,
      those pursuant to Section
      2
      above,
      the Company shall, with respect to each Registration Statement:

    

    (a) prepare
      and file with the Commission such amendments and supplements to such
      Registration Statement and the prospectus used in connection with such
      Registration Statement as may be necessary to comply with the provisions of
      the
      Securities Act or to maintain the effectiveness of such Registration Statement
      during the Registration Period, or as may be reasonably requested by a Holder
      in
      order to incorporate information concerning such Holder or such Holder’s
      intended method of distribution; 

    

    (b) as
      soon
      as practicable following the Closing, take all steps necessary and otherwise
      use
      its best efforts to secure the listing on the Principal Market of the
      Registrable Securities, and at any Holder’s request, provide such Holder with
      reasonable evidence thereof;

    

    (c) so
      long
      as a Registration Statement is effective covering the resale of the applicable
      Registrable Securities owned by a Holder, furnish to each Holder such number
      of
      copies of the prospectus included in such Registration Statement, including
      a
      preliminary prospectus, in conformity with the requirements of the Securities
      Act, and such other documents as such Holder may reasonably request in order
      to
      facilitate the disposition of such Holder’s Registrable Securities;

    

    (d) use
      commercially reasonable efforts to register or qualify the Registrable
      Securities under the securities or “blue sky” laws of such jurisdictions within
      the United States as shall be reasonably requested from time to time by a
      Holder, and do any and all other acts or things which may reasonably be
      necessary or advisable to enable such Holder to consummate the public sale
      or
      other disposition of the Registrable Securities in such jurisdictions;
provided
      that the
      Company shall not be required in connection therewith or as a condition thereto
      to qualify to do business or to file a general consent to service of process
      in
      any such jurisdiction;

    

    (e) notify
      each Holder immediately after becoming aware of the occurrence of any event
      (but
      shall not, without the prior written consent of such Holder, disclose to such
      Holder any facts or circumstances constituting material non-public information)
      as a result of which the prospectus included in such Registration Statement,
      as
      then in effect, contains an untrue statement of material fact or omits 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, and as promptly as practicable prepare and file with the
      Commission and furnish to each Holder a reasonable number of copies of a
      supplement or an amendment to such prospectus as may be necessary so that such
      prospectus does not contain an untrue statement of material fact or omit to
      state a material fact required to be stated therein or necessary to make the
      statements therein not misleading in light of the circumstances then existing;
      

     

    
      
        
        

      

      
        -6-

        
          

        

      

      
        
        

      

    

     

    (f) use
      commercially reasonable efforts to prevent the issuance of any stop order or
      other order suspending the effectiveness of such Registration Statement and,
      if
      such an order is issued, to use commercially reasonable efforts to obtain the
      withdrawal thereof at the earliest possible time and to notify each Holder
      in
      writing of the issuance of such order and the resolution thereof;

    

    (g) furnish
      to each Holder, on the date that such Registration Statement, or any successor
      registration statement, becomes effective, a letter, dated such date, signed
      by
      outside counsel to the Company and addressed to such Holder, confirming such
      effectiveness and, to the knowledge of such counsel, the absence of any stop
      order;

    

    (h) permit
      counsel for each Holder to review such Registration Statement and all amendments
      and supplements thereto, and any comments made by the staff of the Commission
      and the Company’s responses thereto, within three Business Days prior to the
      filing thereof with the Commission (or, in the case of comments made by the
      staff of the Commission, within a reasonable period of time following the
      receipt thereof by the Company); and

    

    (i) in
      the
      event that, at any time, the number of shares available under the Registration
      Statement is insufficient to cover one hundred and twenty-five percent (125%)
      of
      the Registrable Securities issued or issuable to the Holders under the
      Convertible Notes and the Warrants (such number to be determined using the
      Conversion Price or Exercise Price, as applicable, in effect at such time and
      without regard to any restriction on the ability of any Holder to convert such
      Holder’s Convertible Note or exercise such Holder’s Warrant) the Company shall,
      subject to Section
      2(b),
      promptly amend such Registration Statement or file a new registration statement,
      in any event as soon as practicable, but not later than the tenth
      (10th)
      day
      following notice from a Holder of the occurrence of such event, so that such
      Registration Statement or such new registration statement, or both, covers
      no
      less than two hundred percent (200%) of the Registrable Securities issued or
      issuable to the Holders under the Convertible Notes and the Warrants (such
      number to be determined using the Conversion Price or Exercise Price, as
      applicable, in effect at the time of such amendment or filing and without regard
      to any restriction on the ability of any Holder to convert such Holder’s
      Convertible Note or exercise such Holder’s Warrant). The Company shall use its
      best efforts to cause such amendment and/or new Registration Statement to become
      effective as soon as practicable following the filing thereof. Any Registration
      Statement filed pursuant to this Section
      3(i)
      shall
      state that, to the extent permitted by Rule 416 under the Securities Act, such
      Registration Statement also covers such indeterminate number of additional
      shares of Common Stock as may become issuable under the Convertible Notes and
      the Warrants in order to prevent dilution resulting from stock splits, stock
      dividends or similar events. Unless and until such amendment or new Registration
      Statement becomes effective, each Holder shall have the rights described in
      Section
      2(d)
      of this
      Agreement. 

    

    4. OBLIGATIONS
      OF EACH HOLDER.

    

    In
      connection with the registration of Registrable Securities pursuant to a
      Registration Statement, each Holder shall: 

    

    (a) within
      three (3) Business Days after receipt of written request from the Company,
      furnish to the Company in writing such information regarding itself and the
      intended method of disposition of such Registrable Securities as the Company
      shall reasonably request in order to effect the registration thereof;

     

    
      
        
        

      

      
        -7-

        
          

        

      

      
        
        

      

       

    

    (b) upon
      receipt of any notice from the Company of the happening of any event of the
      kind
      described in Sections
      3(e) or
      3(f)
      of
      this
      Agreement, immediately discontinue any sale or other disposition of such
      Registrable Securities pursuant to such Registration Statement until the filing
      of an amendment or supplement as described in such Section
      3(e) or
      withdrawal of the stop order referred to in such Section
      3(f),
      and use
      commercially reasonable efforts to maintain the confidentiality of such notice
      and its contents; 

    

    (c) to
      the
      extent required by applicable law, deliver a prospectus to the purchaser of
      such
      Registrable Securities; 

    

    (d) promptly
      notify the Company when it has sold all of the Registrable Securities
      beneficially owned by it; and

    

    (e) notify
      the Company in the event that any information supplied by such Holder in writing
      for inclusion in such Registration Statement or related prospectus contains
      an
      untrue statement of material fact or omits to state a material fact required
      to
      be stated therein or necessary to make such information not misleading in light
      of the circumstances then existing;

     

    (f) immediately
      discontinue any sale or other disposition of such Registrable Securities
      pursuant to such Registration Statement until the filing of an amendment or
      supplement to such prospectus as may be necessary so that such prospectus does
      not contain an untrue statement of material fact or omit to state a material
      fact required to be stated therein or necessary to make the statements therein
      not misleading in light of the circumstances then existing; and

     

    (g) as
      and
      when requested by the Company, promptly complete and return to the Company
      a
      customary “Selling Shareholder Questionnaire”.

     

    5. INDEMNIFICATION.

    

    In
      the
      event that any Registrable Securities are included in a Registration Statement
      under this Agreement:

    

    (a) the
      Company shall indemnify and hold harmless each Holder, the officers, directors,
      employees, agents and representatives of such Holder, and each person, if any,
      who controls such Holder within the meaning of the Securities Act or the
      Exchange Act, against any losses, claims, damages, liabilities or reasonable
      out-of-pocket expenses (whether joint or several) (collectively, including
      reasonable legal expenses or other expenses reasonably incurred in connection
      with investigating or defending same, “Losses”),
      insofar as any such Losses arise out of or are based upon (i) any untrue
      statement or alleged untrue statement of a material fact contained in such
      Registration Statement under which such Registrable Securities were registered,
      including any preliminary prospectus or final prospectus contained therein
      or
      any amendments or supplements thereto, or (ii) the omission or alleged omission
      to state therein 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. Subject to the provisions of Section
      5(c)
      of this
      Agreement, the Company will reimburse such Holder, and each such officer,
      director, employee, agent, representative or controlling person, for any
      reasonable legal expenses or other out-of-pocket expenses (promptly as such
      expenses are incurred) by any such entity or person in connection with
      investigating or defending any Loss; provided,
      however,
      that
      the foregoing indemnity shall not apply to amounts paid in settlement of any
      Loss if such settlement is effected without the consent of the Company (which
      consent shall not be unreasonably withheld), nor shall the Company be obligated
      to indemnify any person for any Loss to the extent that such Loss arises out
      of
      or is based upon (i) any omission to state a material fact required to be stated
      therein or necessary to make statements therein not misleading that conforms
      in
      all material respects to written information furnished by such person expressly
      for use in such Registration Statement or (ii) a failure of such person to
      deliver or cause to be delivered the final prospectus contained in the
      Registration Statement and made available by the Company, if such delivery
      is
      required by applicable law.

     

    
      
        
        

      

      
        -8-

        
          

        

      

      
        
        

      

    

     

    (b) each
      Holder who is named in such Registration Statement as a selling shareholder,
      acting severally and not jointly, shall indemnify and hold harmless the Company,
      the officers, directors, employees, agents and representatives of the Company,
      and each person, if any, who controls the Company within the meaning of the
      Securities Act or the Exchange Act, against any Losses insofar as any such
      Losses arise out of or are based upon any untrue statement or alleged untrue
      statement of a material fact stated therein or any omission to state a material
      fact required to be stated therein or necessary to make statements therein
      not
      misleading that conforms in all material respects to written information
      furnished by such person expressly for use in such Registration Statement.
      Subject to the provisions of Section
      5(c)
      of this
      Agreement, such Holder will reimburse any reasonable legal or other expenses
      (promptly as such expenses are incurred) by the Company and any such officer,
      director, employee, agent, representative, or controlling person, in connection
      with investigating or defending any such Loss; provided,
      however,
      that
      the foregoing indemnity shall not apply to amounts paid in settlement of any
      such Loss if such settlement is effected without the consent of such Holder
      (which consent shall not be unreasonably withheld); and provided,
      further,
      that,
      in no event shall any indemnity under this Section
      5(b)
      exceed
      the amount of the net proceeds resulting from the sale of Registrable Securities
      by such Holder under such Registration Statement.

    

    (c) Promptly
      after receipt by an indemnified party under this Section
      5
      of
      notice of the commencement of any action or proceeding (including any
      governmental action or proceeding), such indemnified party will, if a claim
      in
      respect thereof is to be made against any indemnifying party under this
Section 5,
      promptly deliver to the indemnifying party a written notice of the commencement
      thereof and the indemnifying party shall have the right to participate in and
      to
      assume the defense thereof with counsel selected by the indemnifying party
      and
      reasonably acceptable to the indemnified party; provided,
      however,
      that an
      indemnified party shall have the right to retain its own counsel, with the
      reasonably incurred fees and expenses of such counsel to be paid by the
      indemnifying party, if representation of such indemnified party by the counsel
      retained by the indemnifying party would be inappropriate under applicable
      standards of professional conduct due to actual or potential conflicting
      interests between such indemnified party and any other party represented by
      such
      counsel in such action or proceeding. The failure by an indemnified party to
      notify the indemnifying party within a reasonable time following the
      commencement of any action or proceeding of which the indemnified party is
      aware, to the extent materially prejudicial to such indemnifying party’s ability
      to defend such action, shall relieve such indemnifying party of any liability
      to
      the indemnified party under this Section
      5
      with
      respect to such action or proceeding, but the omission so to deliver written
      notice to the indemnifying party will not relieve it of any liability that
      it
      may have to any indemnified party otherwise than under this Section
      5
      or with
      respect to any other action or proceeding.

     

    
      
        
        

      

      
        -9-

        
          

        

      

      
        
        

      

    

     

    (d) In
      the
      event that the indemnity provided in Sections
      5(a) or
      5(b)
      is
      unavailable or insufficient to hold harmless an indemnified party for any
      reason, the Company and each Holder agree, severally and not jointly, to
      contribute to the aggregate Losses to which the Company or such Holder (or
      its
      respective officers, directors, employees, agents, representatives or
      controlling persons), may be subject in such proportion as is appropriate to
      reflect the relative fault of the Company and such Holder in connection with
      the
      statements or omissions which resulted in such Losses; provided,
      however,
      that in
      no case shall such Holder be responsible for any amount in excess of the net
      proceeds resulting from the sale of Registrable Securities under the
      Registration Statement. Relative fault shall be determined by reference to
      whether any alleged untrue statement or omission relates to information provided
      by the Company or by such Holder. The Company and each Holder agree that it
      would not be just and equitable if contribution were determined by pro
      rata
      allocation or any other method of allocation which does not take account of
      the
      equitable considerations referred to above. Notwithstanding the provisions
      of
      this Section
      5(d),
      no
      person guilty of fraudulent misrepresentation (within the meaning of Section
      11(f) of the Securities Act) shall be entitled to contribution from any person
      who is not guilty of such fraudulent misrepresentation. For purposes of this
      Section
      5,
      each
      person who controls a Holder within the meaning of either the Securities Act
      or
      the Exchange Act and each officer, director, employee, agent or representative
      of such Holder shall have the same rights to contribution as such Holder, and
      each person who controls the Company within the meaning of either the Securities
      Act or the Exchange Act and each officer, director, employee, agent or
      representative of the Company shall have the same rights to contribution as
      the
      Company, subject in each case to the applicable terms and conditions of this
      Section
      5(d).

    

    (e) The
      obligations of the Company and each Holder under this Section 5
      shall
      survive the conversion of the Convertible Notes and exercise of the Warrants
      in
      full, the completion of any offering or sale of Registrable Securities pursuant
      to a Registration Statement under this Agreement, or otherwise.

    

    6. REPORTS.

    

    With
      a
      view to making available to each Holder the benefits of Rule 144 and any other
      similar rule or regulation of the Commission that may at any time permit such
      Holder to sell securities of the Company to the public without registration,
      the
      Company agrees to:

    

    (a) make
      and
      keep public information available, as those terms are understood and defined
      in
      Rule 144;

    

    (b) file
      with
      the Commission in a timely manner all reports and other documents required
      of
      the Company under the Exchange Act; and

     

    
      
        
        

      

      
        -10-

        
          

        

      

      
        
        

      

    

    (c) furnish
      to such Holder, so long as such Holder owns any Registrable Securities, promptly
      upon written request (i) a written statement by the Company, if true, that
      it
      has complied with the reporting requirements of Rule 144 and the Exchange Act,
      (ii) to the extent not publicly available through the Commission’s EDGAR
      database, a copy of the most recent annual or quarterly report of the Company
      and such other reports and documents so filed by the Company with the
      Commission, and (iii) such other information as may be reasonably requested
      by
      such Holder in connection with such Holder’s compliance with any rule or
      regulation of the Commission which permits the selling of any such securities
      without registration.

    

    7.  MISCELLANEOUS.

    

    (a) Expenses
      of Registration.
      Except
      as otherwise provided in the Loan Agreement, all reasonable expenses, other
      than
      underwriting discounts and commissions and fees and expenses of counsel and
      other advisors to each Holder, incurred in connection with the registrations,
      filings or qualifications described herein, including (without limitation)
      all
      registration, filing and qualification fees, printers’ and accounting fees, the
      fees and disbursements of counsel for the Company, and the fees and
      disbursements incurred in connection with the letter described in Section
      3(g)
      of this
      Agreement, shall be borne by the Company.

     

    (b) Amendment;
      Waiver.
      Except
      as
      expressly provided herein, neither this Agreement nor any term hereof may be
      amended or waived except pursuant to a written instrument executed by the
      Company and the Holders of at least two-thirds (2/3) of the Registrable
      Securities then held by or issuable to all Holders (without regard to any
      restriction on the ability of a Holder to convert such Holder’s Convertible Note
      or exercise such Holder’s Warrant).
      Any
      waiver or consent shall be effective only in the specific instance and for
      the
      specific purpose for which given.

    

    (c) Notices.
      Any
      notice, demand or request required or permitted to be given by the Company
      or a
      Holder pursuant to the terms of this Agreement shall be in writing and shall
      be
      deemed delivered (i) when delivered personally or by verifiable facsimile
      transmission, unless such delivery is made on a day that is not a Business
      Day,
      in which case such delivery will be deemed to be made on the next succeeding
      Business Day, (ii) on the next Business Day after timely delivery to an
      overnight courier and (iii) on the Business Day actually received if deposited
      in the U.S. mail (certified or registered mail, return receipt requested,
      postage prepaid), addressed as follows:

    

    If
      to
      the Company:

    

    Manaris
      Corporation

    400
      boul.
      Montpellier

    Montreal,
      Quebec

    Canada
      H4N 2G7

    Attn:
       John
      Fraser, Chief Executive Officer

    Tel:
       514-904-6030

    Fax:
       514-744-2080

     

    
      
        
        

      

      
        -11-

        
          

        

      

      
        
        

      

    

     

    With
      a copy (which
      shall not constitute notice) to:

    

    Sichenzia
      Ross Friedman Ference LLP

    61
      Broadway, 32nd
      Floor

    New
      York,
      New York 10006

    Attn: Darrin
      Ocasio, Esq.

    Tel: 212-930-9700

    Fax: 212-930-9725

    

    and
      if to
      a Holder, to such address for the Holder as provided by such Holder under the
      Loan Agreement, or as shall be designated by the Holder in writing to the other
      parties hereto in accordance with this Section
      7(c).

    

    (d) Assignment.
      Upon
      the transfer of any Convertible Note, Warrant or Registrable Securities by
      a
      Holder, the rights of such Holder hereunder with respect to such securities
      so
      transferred shall be assigned automatically to the transferee thereof, and
      such
      transferee shall thereupon be deemed to be a “Holder” for purposes of this
      Agreement, as long as: (i) the Company is, within a reasonable period of time
      following such transfer, furnished with written notice of the name and address
      of such transferee, (ii) the transferee agrees in writing with the Company
      to be
      bound by all of the provisions hereof, and (iii) such transfer is made in
      accordance with the applicable law and the requirements of the Loan Agreement,
      the Convertible Notes or the Warrants, as applicable.

     

    (e) Counterparts.
      This
      Agreement may be executed in counterparts, each of which shall be deemed an
      original, and all of which together shall be deemed one and the same instrument.
      This Agreement, once executed by a party, may be delivered to any other party
      hereto by facsimile transmission.

     

    (f) Governing
      Law.
      This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of New York applicable to contracts made and to be performed entirely
      within the State of New York.

    

    (g) Holder
      of Record.
      A
      person is deemed to be a Holder whenever such person owns or is deemed to own
      of
      record such Registrable Securities. If the Company receives conflicting
      instructions, notices or elections from two or more persons with respect to
      the
      same Registrable Securities, the Company shall act upon the basis of
      instructions, notice or election received from the record owner of such
      Registrable Securities.

    

    (h)
      Entire
      Agreement.
      This
      Agreement and the other Transaction Documents constitute the entire agreement
      among the parties hereto with respect to the subject matter hereof and thereof,
      superseding all prior agreements and understandings, whether written or oral,
      between or among the parties hereto.
      This
      Agreement supersedes and replaces the provisions of Section 7 of the Advisory
      Fee Warrant.

     

    (i)
      Headings.
      The
      headings in this Agreement are for convenience only and are not to be considered
      in construing or interpreting this Agreement.

     

    
      
        
        

      

      
        -12-

        
          

        

      

      
        
        

      

    

     

    (j)Third
      Party Beneficiaries.
      This
      Agreement is intended for the benefit of the parties hereto and their respective
      permitted successors and assigns, and is not for the benefit of, nor may any
      provision hereof be enforced by, any other person.

     

    [Signature
      Page to Follow]

    

    
      
        
        

      

      
        -13-

        
          

        

      

      
        
        

      

    

    

    IN
      WITNESS WHEREOF, the undersigned have executed this Registration Rights
      Agreement as of the date first-above written.

    
       

      MANARIS
        CORPORATION

    

     

     

    By:   

    
      

    

    Name:

    Title:

     

    IMPERIUM
      MASTER FUND, LTD.

    

    

    By:   

    
      
        

      

    

    Maurice
      Hryshko, Esq.

    General
      Counsel

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00130-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00130-of-00352.parquet"}]]