Document:

Exhibit
        10.31

      
        	 	
                 

              
	
                Skyward
                  Mobile LLC,

              	
                Warrants
                  Issued: 50,000

              
	
                Attn:
                  Jeremy DeBonet, Manager

              	 
	
                Termination
                  Date: July 24, 2011

              	 

      

    

     

    NEITHER
      THIS WARRANT NOR THE SHARES ISSUABLE UPON EXERCISE HEREOF HAVE BEEN REGISTERED
      UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT") OR ANY
      OTHER
      APPLICABLE SECURITIES LAWS IN RELIANCE UPON AN EXEMPTION FROM THE REGISTRATION
      REQUIREMENTS OF THE SECURITIES ACT AND SUCH OTHER SECURITIES LAWS. NEITHER
      THIS
      WARRANT NOR THE SHARES ISSUABLE UPON EXERCISE HEREOF MAY BE SOLD, PLEDGED,
      TRANSFERRED, ENCUMBERED OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO AN EFFECTIVE
      REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR IN A TRANSACTION WHICH IS
      EXEMPT FROM REGISTRATION UNDER THE PROVISIONS OF THE SECURITIES ACT.

    

    THE
      SECURITIES REPRESENTED BY THIS WARRANT ARE SUBJECT TO A MASTER CONSULTING
      AGREEMENT DATED JULY 24, 2006 (THE “CONSULTING AGREEMENT”). 

    

    

    REDEEMABLE
      WARRANT

    

    

    To
      Purchase 50,000
      Shares
      of the Common Stock 

    of

    SMARTVIDEO
      TECHNOLOGIES, INC.

    

    THIS
      CERTIFIES that, for value received, Skyward
      Mobile, LLC,
      Attn:
Jeremy DeBonet,
      Manager
      (the
      "Holder"), is entitled, upon the terms and subject to the conditions hereinafter
      set forth, at any time on or after the delivery of the completed custom
      application, including all necessary hardware and software, needed for the
      Official Commercial Launch of the [*****]
      (the
      “Exercise Date”), and on or prior to the close of business on the date which is
      five (5) years after the date hereof (the "Termination Date"), to subscribe
      for
      and purchase from SmartVideo Technologies, Inc. (the "Company"), up to
50,000
      (Fifty
      Thousand)
      shares
      (the "Warrant Shares") of common stock, par value $.001 per share (the "Common
      Stock") of the Company. “Official Commercial Launch” is defined as a marketing
      supported, paid subscription launch of the application. The purchase price
      of
      one share of Common Stock (the “Exercise Price”) under this Warrant shall be the
      per share price equal to the closing sale price quoted on the OTC Bulletin
      Board
      or another nationally recognized trading system on July 24, 2006 or
      the
      date of delivery of the completed custom application, including all necessary
      hardware and software, needed for the Official Commercial Launch (the “Delivery
      Date”),
      whichever is lower. The Exercise Price and the number of shares for which the
      Warrant is exercisable shall be subject to adjustment as provided herein.

    

    
      	
              1.

            	
              Title
                to Warrant. Prior to the Termination Date and subject to
                compliance with applicable laws and the terms of this Warrant, this
                Warrant and all rights hereunder are transferable, in whole or in
                part, at
                the office or agency of the Company by the holder hereof in person
                or by
                duly authorized attorney, upon surrender of this Warrant together
                with the
                Assignment Form annexed hereto properly endorsed.

            
	 	 
	
              2.

            	
              Authorization
                of Shares. The Company covenants that all shares of Common
                Stock which may be issued upon the exercise of rights represented
                by this
                Warrant will, upon exercise of the rights represented by this Warrant,
                be
                duly authorized, validly issued, fully paid and nonassessable and
                free
                from all taxes, liens and charges in respect of the issue thereof
                (other
                than taxes in respect of any transfer occurring contemporaneously
                with
                such issue).

            

    

    

    *
      Confidential Treatment has been requested for the marked portion and filed
      separately with the Commission.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	
              3.

            	
              Exercise
                of Warrant.

            

    

     

    
      	 	 
	
              (a)

            	
              Except
                as provided in Section 4 herein, exercise of the purchase rights
                represented by this Warrant may be made at any time or times on or
                after
                the Exercise Date and before the close of business on the Termination
                Date
                by the surrender of this Warrant and the Notice of Exercise Form
                annexed
                hereto duly executed, at the office of the Company (or such other
                office
                or agency of the Company as it may designate by notice in writing
                to the
                registered holder hereof at the address of such holder appearing
                on the
                books of the Company) and, except as set forth in subsection (b)
                hereof,
                upon payment of the Exercise Price of the shares thereby purchased
                by wire
                transfer or cashier’s check drawn on a United States bank, the holder
                shall be entitled to receive a certificate for the number of shares
                of
                Common Stock so purchased. Certificates for shares purchased hereunder
                shall be delivered to the holder hereof within twenty (20) business
                days
                after the date on which this Warrant shall have been exercised as
                aforesaid. This Warrant shall be deemed to have been exercised and
                such
                certificate or certificates shall be deemed to have been issued,
                and the
                Holder or any other person so designated to be named therein shall
                be
                deemed to have become a holder of record of such shares for all purposes,
                as of the date the Holder faxes a Notice of Exercise to the Company,
                provided that such fax notice is followed by delivery of the original
                notice and payment to the Company of the Exercise Price and all taxes
                required to be paid by the Holder, if any, pursuant to Section 6
                prior to
                the issuance of such shares, have been paid within three (3) business
                days
                of such fax notice. If this Warrant shall have been exercised in
                part, the
                Company shall, at the time of delivery of the certificate or certificates
                representing Warrant Shares, deliver to the Holder a new Warrant
                evidencing the rights of Holder to purchase the unpurchased shares
                of
                Common Stock called for by this Warrant, which new Warrant shall
                in all
                other respects be identical with this Warrant.

            

    

    

    (b) Cashless
      Exercise. 
      Notwithstanding the foregoing, the Holder may, at its option, elect to exercise
      this Warrant, in whole or in part and at any time or from time to time, on
      a
      cashless basis, by surrendering this Warrant, with the purchase form appended
      hereto as Exhibit I duly executed by or on behalf of the Holder, at the
      principal office of the Company, or at such other office or agency as the
      Company may designate, by canceling a portion of this Warrant in payment of
      the
      Exercise Price payable in respect of the number of Warrant Shares purchased
      upon
      such exercise.  In the event of an exercise pursuant to this subsection
      1(b), the number of Warrant Shares issued to the Holder shall be determined
      according to the following formula:  

    

    

    X
      =
Y(A-B)

    A

    

    Where: 
      X =
               
the number of Warrant Shares that shall be issued to the Holder; 

    

    Y
      =                
the number of Warrant Shares for which this Warrant is being exercised (which
      shall include both the number of 

                          
      Warrant Shares issued to the Holder and the number of Warrant Shares subject
      to
      the portion of the Warrant 

                          
      being cancelled in payment of the Exercise Price); 

    

    A
      =                
the Fair Market Value of one share of Common Stock; and

    

    B
      =                 
the Exercise Price then in effect.

     

     

    
      
         

      

      
        -2-

        
          

        

      

      
         

      

    

    The
      Fair
      Market Value per share of Common Stock shall be determined as
      follows:

    

    If
      the
      Common Stock is listed on a national securities exchange, the OTC Bulletin
      Board
      or another nationally recognized trading system as of the Exercise Date, the
      Fair Market Value per share of Common Stock shall be deemed to be the average
      of
      the high and low reported sale prices per share of Common Stock thereon on
      the
      trading day immediately preceding the Exercise Date.

    

    

    
      	
              4.

            	
              Redemption
                of Warrants.

            
	 	 
	
              (a)

            	
              Procedures.
                Commencing at the close of business on July 24, 2007 the Company
                may,
                subject to the conditions set forth herein, redeem all, but not less
                than
                all, of this Warrant at a redemption price of $.10 for each Warrant
                Share
                the Holder is entitled to purchase hereunder upon not less than thirty
                (30) days prior written notice (the “Redemption Notice”) to the Holder,
                provided that the average closing price of the Common Stock for the
                twenty
                (20) consecutive trading days ending three (3) days prior to the
                date of
                the Redemption Notice is at least $5.00, subject to adjustment for
                stock
                dividends, stock splits and other anti-dilution provisions as provided
                for
                in Section 12 of this Warrant. For purposes of this Section 4, “closing
                price” at any date shall be deemed to be: (i) the last sale price regular
                way as reported on the principal national securities exchange on
                which the
                Common Stock is listed or admitted to trading, or (ii) if the Common
                Stock
                is not listed or admitted to trading on any national securities exchange,
                the average of the closing bid and asked prices regular way for the
                Common
                Stock as reported by the Nasdaq National Market or Nasdaq SmallCap
                Market
                of the Nasdaq Stock Market, Inc. (“Nasdaq”) or (iii) if the Common Stock
                is not listed or admitted for trading on any national securities
                exchange,
                and is not reported by Nasdaq, the average of the closing bid and
                asked
                prices, as reported on the OTC Bulletin Board or if no such quotation
                is
                available, then the closing bid and asked prices in the over-the-counter
                market as furnished by the National Quotation Bureau, Inc., or if
                no such
                quotation is available, the fair market value of the Common Stock
                as
                determined in good faith by the Board of Directors of the Company.
                The
                Redemption Notice shall be deemed effective upon mailing and the
                time of
                mailing is the “Effective Date of the Notice.” The Redemption Notice shall
                state the redemption date not less than thirty (30) days from the
                Effective Date of the Notice (the “Redemption Date”). No Redemption Notice
                shall be mailed unless all funds necessary to pay for redemption
                of this
                Warrant shall have first been set aside by the Company so as to be
                and
                continue to be available therefor. The redemption price to be paid
                to the
                Holder will be $.10 for each Warrant Share to which the Holder would
                then
                be entitled upon exercise of this Warrant being redeemed, as adjusted
                from
                time to time as provided herein (the “Redemption Price”). In the event the
                number of shares of Common Stock issuable upon exercise of this Warrant
                being redeemed are adjusted pursuant to Section 12 hereof, then upon
                each
                such adjustment the Redemption Price will be adjusted by multiplying
                the
                Redemption Price in effect immediately prior to such adjustment by
                a
                fraction, the numerator of which is the number of shares of Common
                Stock
                issuable upon exercise of this Warrant being redeemed immediately
                prior to
                such adjustment and the denominator of which is the number of shares
                of
                Common Stock issuable upon exercise of this Warrant being redeemed
                immediately after such adjustment. The Holder may exercise this Warrant
                between the Effective Date of the Notice and the Redemption Date,
                such
                exercise being effective if done in accordance with Section 3 hereof,
                and
                if this Warrant, with the form of election to purchase duly executed,
                and
                the Exercise Price are actually received by the Company at its office
                located at 3505 Koger Boulevard, Suite 400 Duluth, GA 30096, no later
                than
                5:00 PM Atlanta, Georgia time on the Redemption Date. Notwithstanding
                the
                foregoing, following the Holder’s receipt of the Redemption Notice, the
                Holder may exercise this Warrant, without regard for the redemption
                rights
                provided to the Company hereunder. To the extent that the Holder
                elects to
                exercise the Warrant following receipt of the Redemption Notice,
                the
                Company shall not have the right to then redeem the Warrant
                Shares.

            

    

     

    
      
         

      

      
        -3-

        
          

        

      

      
         

      

    

     

    
      	 	 
	
              (b)

            	
              Return
                of Warrant. If Holder does not wish to exercise this Warrant,
                the Holder should mail this Warrant to the Company at its office
                located
                at 3505 Koger Boulevard, Suite 400 Duluth, GA 30096 after receiving
                the
                Redemption Notice required by this Section. If the Redemption Notice
                shall
                have been so mailed, and if on or before the Effective Date of the
                Notice
                all funds necessary to pay for redemption of this Warrant shall have
                been
                set aside by the Company for the benefit of the Holder so as to be
                and
                continue to be available therefor, then, on and after such Redemption
                Date, notwithstanding that this Warrant subject to redemption shall
                not
                have been surrendered for redemption, the obligation evidenced by
                this
                Warrant not so surrendered for redemption or effectively exercised
                shall
                be deemed no longer outstanding, and all rights with respect hereto
                shall
                forthwith cease and terminate, except only the right of the Holder
                to
                receive the Redemption Price for each share of Common Stock to which
                the
                Holder would be entitled if the Holder exercised this Warrant upon
                receiving the Redemption Notice of this Warrant. 

            
	 	 
	
              5.

            	
              No
                Fractional Shares or Scrip. No fractional shares or scrip
                representing fractional shares shall be issued upon the exercise
                of this
                Warrant. As to any fraction of a share which Holder would otherwise
                be
                entitled to purchase upon such exercise, the Company shall pay a
                cash
                adjustment in respect of such final fraction in an amount equal to
                the
                Exercise Price.

            
	 	 
	
              6.

            	
              Charges,
                Taxes and Expenses. Issuance of certificates for shares of
                Common Stock upon the exercise of this Warrant shall be made without
                charge to the holder hereof for any issue or Federal or State transfer
                tax
                or other incidental expense in respect of the issuance of such
                certificate, all of which taxes and expenses shall be paid by the
                Company,
                and such certificates shall be issued in the name of the holder of
                this
                Warrant or in such name or names as may be directed by the holder
                of this
                Warrant; provided, however, that in the event certificates for shares
                of
                Common Stock are to be issued in a name other than the name of the
                holder
                of this Warrant, this Warrant when surrendered for exercise shall
                be
                accompanied by the Assignment Form attached hereto duly executed
                by the
                holder hereof; and the Company may require, as a condition thereto,
                the
                payment of a sum sufficient to reimburse it for any transfer tax
                incidental thereto.

            
	 	 
	
              7.

            	
              Closing
                of Books. The Company will not close its stockholder books or
                records in any manner which prevents the timely exercise of this
                Warrant.

            
	 	 
	
              8.

            	
              Transfer,
                Division and Combination.

            

    

    

    
      	
              (a)

            	
              the
                Holder (and its transferees and assigns), by acceptance of this Warrant,
                covenants and agrees that it is acquiring the Warrants evidenced
                hereby,
                and, upon exercise hereof, the Warrant Shares, for its own account
                as an
                investment and not with a view to the resale or distribution thereof.
                The
                Warrant Shares have not been registered under the Securities Act
                or any
                state securities laws and, prior to any such registration, no transfer
                of
                any Warrant Shares shall be permitted unless the Company has received
                notice of such transfer, at the address of its principal office set
                forth
                in the Exchange Agreement, in the form of assignment attached hereto,
                accompanied by an opinion of counsel reasonably satisfactory to the
                Company that an exemption from registration of such Warrants or Warrant
                Shares under the Securities Act is available for such transfer, except
                that no such opinion or notice shall be required after the registration
                for resale by the Holder of the Warrant Shares, as contemplated by
                the
                Consulting Agreement. Upon any exercise of the Warrants, certificates
                representing the Warrant Shares shall bear a restrictive legend
                substantially identical to that set forth on the face of this Warrant
                certificate. Any purported transfer of any Warrant or Warrant Shares
                not
                in compliance with the provisions of this section shall be null and
                void.

            

    

     

    
      
         

      

      
        -4-

        
          

        

      

      
         

      

    

     

    
      	 	 
	
              (b)

            	
              This
                Warrant may be divided or combined with other Warrants upon presentation
                hereof at the aforesaid office of the Company, together with a written
                notice specifying the names and denominations in which new Warrants
                are to
                be issued, signed by Holder or its agent or attorney. Subject to
                compliance with Section 8(a), as to any transfer which may be involved
                in
                such division or combination, the Company shall execute and deliver
                a new
                Warrant or Warrants in exchange for the Warrant or Warrants to be
                divided
                or combined in accordance with such notice.

            
	 	 
	
              (c)

            	
              The
                Company shall prepare, issue and deliver at its own expense (other
                than
                transfer taxes) the new Warrant or Warrants under this Section
                8.

            
	 	 
	
              (d)

            	
              The
                Company agrees to maintain, at its aforesaid office or the office
                of its
                transfer or registration agent, books for the registration and the
                registration of transfer of the
                Warrants.

            

    

    

    
      	
              9.

            	
              No
                Rights as Stockholder until Exercise. This Warrant does not
                entitle the holder hereof to any voting rights or other rights as
                a
                shareholder of the Company prior to the exercise hereof. Upon the
                surrender of this Warrant and the payment of the aggregate Exercise
                Price,
                the Warrant Shares so purchased shall be and be deemed to be issued
                to
                such holder as the record owner of such shares as of the close of
                business
                on the later of the date of such surrender or payment. 

            
	 	 
	
              10.

            	
              Loss,
                Theft, Destruction or Mutilation of Warrant. The Company
                covenants that upon receipt by the Company of evidence reasonably
                satisfactory to it of the loss, theft, destruction or mutilation
                of this
                Warrant certificate or any stock certificate relating to the Warrant
                Shares, and in case of loss, theft or destruction, of indemnity or
                security reasonably satisfactory to it (which shall not exceed that
                customarily charged by the Company’s transfer agent), and upon surrender
                and cancellation of such Warrant or stock certificate, if mutilated,
                the
                Company will make and deliver a new Warrant or stock certificate
                of like
                tenor and dated as of such cancellation, in lieu of such Warrant
                or stock
                certificate.

            
	 	 
	
              11.

            	
              Saturdays,
                Sundays, Holidays, etc. If the last or appointed day for the
                taking of any action or the expiration of any right required or granted
                herein shall be a Saturday, Sunday or a legal holiday, then such
                action
                may be taken or such right may be exercised on the next succeeding
                day not
                a Saturday, Sunday or legal holiday.

            
	 	 
	
              12.

            	
              Adjustments
                of Exercise Price and Number of Warrant Shares.

            

    

    

    
      	
              (a)

            	
              Stock
                Splits, etc. The number and kind of securities purchasable
                upon the exercise of this Warrant and the Exercise Price shall be
                subject
                to adjustment from time to time upon the happening of any of the
                following. In case the Company shall (i) pay a dividend in shares
                of
                Common Stock or make a distribution in shares of Common Stock to
                holders
                of its outstanding Common Stock, (ii) subdivide its outstanding shares
                of
                Common Stock into a greater number of shares of Common Stock, (iii)
                combine its outstanding shares of Common Stock into a smaller number
                of
                shares of Common Stock or (iv) issue any shares of its capital stock
                in a
                reclassification of the Common Stock, then the number of Warrant
                Shares
                purchasable upon exercise of this Warrant immediately prior thereto
                shall
                be adjusted so that the holder of this Warrant shall be entitled
                to
                receive the kind and number of Warrant Shares or other securities
                of the
                Company which he would have been entitled to receive had such Warrant
                been
                exercised in advance thereof. Upon each such adjustment of the kind
                and
                number of Warrant Shares or other securities of the Company which
                are
                purchasable hereunder, the holder of this Warrant shall thereafter
                be
                entitled to purchase the number of Warrant Shares or other securities
                resulting from such adjustment at an Exercise Price per Warrant Share
                or
                other security obtained by multiplying the Exercise Price in effect
                immediately prior to such adjustment by the number of Warrant Shares
                purchasable pursuant hereto immediately prior to such adjustment
                and
                dividing by the number of Warrant Shares or other securities of the
                Company resulting from such adjustment. An adjustment made pursuant
                to
                this paragraph shall become effective immediately after the effective
                date
                of such event retroactive to the record date, if any, for such
                event.

            

    

     

    
      
         

      

      
        -5-

        
          

        

      

      
         

      

    

     

    
      	 	 
	
              (b)

            	
              Reorganization,
                Reclassification, Merger, Consolidation or Disposition of
                Assets. In case the Company shall reorganize its capital,
                reclassify its capital stock (other than a change in nominal value
                to no
                nominal value, or from no nominal value to nominal value, or as a
                result
                of a subdivision, combination or other event described in paragraph
                (a) of
                this Section), consolidate or merge with or into another corporation
                (where the Company is not the surviving corporation or where there
                is a
                change in or distribution with respect to the Common Stock of the
                Company), or sell, transfer or otherwise dispose of all or substantially
                all its property, assets or business to another corporation and,
                pursuant
                to the terms of such reorganization, reclassification, merger,
                consolidation or disposition of assets, shares of common stock of
                the
                successor or acquiring corporation, or any cash, shares of stock
                or other
                securities or property of any nature whatsoever (including warrants
                or
                other subscription or purchase rights) in addition to or in lieu
                of common
                stock of the successor or acquiring corporation ("Other Property"),
                are to
                be received by or distributed to the holders of Common Stock of the
                Company, then Holder shall have the right thereafter to receive,
                upon
                exercise of this Warrant, the number of shares of common stock of
                the
                successor or acquiring corporation or of the Company, if it is the
                surviving corporation, and Other Property receivable upon or as a
                result
                of such reorganization, reclassification, merger, consolidation or
                disposition of assets by a holder of the number of shares of Common
                Stock
                for which this Warrant is exercisable immediately prior to such event.
                In
                case of any such reorganization, reclassification, merger, consolidation
                or disposition of assets, the successor or acquiring corporation
                (if other
                than the Company) shall expressly assume the due and punctual observance
                and performance of each and every covenant and condition of this
                Warrant
                to be performed and observed by the Company and all the obligations
                and
                liabilities hereunder, subject to such modifications as may be deemed
                appropriate (as determined in good faith by resolution of the Board
                of
                Directors of the Company) in order to provide for adjustments of
                shares of
                Common Stock for which this Warrant is exercisable which shall be
                as
                nearly equivalent as practicable to the adjustments provided for
                in this
                Section 12. For purposes of this Section 12, "common stock of the
                successor or acquiring corporation" shall include stock of such
                corporation of any class which is not preferred as to dividends or
                assets
                over any other class of stock of such corporation and which is not
                subject
                to redemption and shall also include any evidences of indebtedness,
                shares
                of stock or other securities which are convertible into or exchangeable
                for any such stock, either immediately or upon the arrival of a specified
                date or the happening of a specified event and any warrants or other
                rights to subscribe for or purchase any such stock. The foregoing
                provisions of this Section 12 shall similarly apply to successive
                reorganizations, reclassifications, mergers, consolidations or disposition
                of assets.

            

    

    

    
      	
              13.

            	
              Voluntary
                Adjustment by the Company. The Company may at any time during
                the term of this Warrant, reduce the then current Exercise Price
                to any
                amount and for any period of time deemed appropriate by the Board
                of
                Directors of the Company.

            
	 	 
	
              14.

            	
              Notice
                of Adjustment. Whenever the number of Warrant Shares or
                number or kind of securities or other property purchasable upon the
                exercise of this Warrant or the Exercise Price is adjusted, as herein
                provided, the Company shall promptly mail by registered or certified
                mail,
                return receipt requested, to the holder of this Warrant notice of
                such
                adjustment or adjustments setting forth the number of Warrant Shares
                (and
                other securities or property) purchasable upon the exercise of this
                Warrant and the Exercise Price of such Warrant Shares (and other
                securities or property) after such adjustment, setting forth a brief
                statement of the facts requiring such adjustment and setting forth
                the
                computation by which such adjustment was made. Such notice, in the
                absence
                of manifest error, shall be conclusive evidence of the correctness
                of such
                adjustment.

            
	 	 
	
              15.

            	
              Notice
                of Corporate Action. If at any
                time:

            

    

    

    
      	
              (a)

            	
              the
                Company shall take a record of the holders of its Common Stock for
                the
                purpose of entitling them to receive a dividend or other distribution,
                or
                any right to subscribe for or purchase any evidences of its indebtedness,
                any shares of stock of any class or any other securities or property,
                or
                to receive any other right, or

            

    

     

    
      
         

      

      
        -6-

        
          

        

      

      
         

      

    

     

    
      	 	 
	
              (b)

            	
              there
                shall be any capital reorganization of the Company, any reclassification
                or recapitalization of the capital stock of the Company or any
                consolidation with or merger of the Company into, or any sale, transfer
                or
                other disposition of all or substantially all the property, assets
                or
                business of the Company to, another corporation or,

            
	 	 
	
              (c)

            	
              there
                shall be a voluntary or involuntary dissolution, liquidation or winding
                up
                of the Company;

            
	 	 
	 	
              then,
                in any one or more of such cases, the Company shall give to Holder
                (i) at
                least 10 days’ prior written notice of any record date for such dividend,
                distribution or right or for determining rights to vote in respect
                of any
                such reorganization, reclassification, merger, consolidation, sale,
                transfer, disposition, liquidation or winding up, and (ii) in the
                case of
                any such reorganization, reclassification, merger, consolidation,
                sale,
                transfer, disposition, dissolution, liquidation or winding up, at
                least 10
                days’ prior written notice of the date when the same shall take place.
                Such notice in accordance with the foregoing clause also shall specify
                (i)
                the date on which any such record is to be taken for the purpose
                of such
                dividend, distribution or right, the date on which the holders of
                Common
                Stock shall be entitled to any such dividend, distribution or right,
                and
                the amount and character thereof, and (ii) the date on which any
                such
                reorganization, reclassification, merger, consolidation, sale, transfer,
                disposition, dissolution, liquidation or winding up is to take place
                and
                the time, if any such time is to be fixed, as of which the holders
                of
                Common Stock shall be entitled to exchange their shares of Common
                Stock
                for securities or other property deliverable upon such disposition,
                dissolution, liquidation or winding up. Each such written notice
                shall be
                sufficiently given if addressed to Holder at the last address of
                Holder
                appearing on the books of the Company and delivered in accordance
                with
                Section 17(d).

            

    

    

    
      	
              16.

            	
              Authorized
                Shares. The Company covenants that during the period the
                Warrant is outstanding, it will reserve from its authorized and unissued
                Common Stock a sufficient number of shares to provide for the issuance
                of
                the Warrant Shares upon the exercise of any purchase rights under
                this
                Warrant. The Company further covenants that its issuance of this
                Warrant
                shall constitute full authority to its officers who are charged with
                the
                duty of executing stock certificates to execute and issue the necessary
                certificates for the Warrant Shares upon the exercise of the purchase
                rights under this Warrant. The Company will take all such reasonable
                action as may be necessary to assure that such Warrant Shares may
                be
                issued as provided herein without violation of any applicable law
                or
                regulation, or of any requirements of the Principal Market upon which
                the
                Common Stock may be listed. 

            
	 	 
	 	
              The
                Company shall not by any action, including, without limitation, amending
                its certificate of incorporation or through any reorganization, transfer
                of assets, consolidation, merger, dissolution, issue or sale of securities
                or any other voluntary action, avoid or seek to avoid the observance
                or
                performance of any of the terms of this Warrant, but will at all
                times in
                good faith assist in the carrying out of all such terms and in the
                taking
                of all such actions as may be necessary or appropriate to protect
                the
                rights of Holder against impairment. Without limiting the generality
                of
                the foregoing, the Company will (a) not increase the par value of
                any
                shares of Common Stock receivable upon the exercise of this Warrant
                above
                the amount payable therefor upon such exercise immediately prior
                to such
                increase in par value, (b) take all such action as may be necessary
                or
                appropriate in order that the Company may validly and legally issue
                fully
                paid and nonassessable shares of Common Stock upon the exercise of
                this
                Warrant, and (c) use its best efforts to obtain all such authorizations,
                exemptions or consents from any public regulatory body having jurisdiction
                thereof as may be necessary to enable the Company to perform its
                obligations under this Warrant.

            
	 	 
	 	
              Before
                taking any action which would result in an adjustment in the number
                of
                shares of Common Stock for which this Warrant is exercisable or in
                the
                Exercise Price, the Company shall obtain all such authorizations
                or
                exemptions thereof, or consents thereto, as may be necessary from
                any
                public regulatory body or bodies having jurisdiction
                thereof.

            

    

     

    
      
         

      

      
        -7-

        
          

        

      

      
         

      

    

    
 

    
      	
              17.

            	
              Miscellaneous.

            

    

    

    
      	
              (a)

            	
              Jurisdiction.
                This Warrant shall be binding upon any successors or assigns of the
                Company. This Warrant shall constitute a contract under the laws
                of
                Delaware without regard to its conflict of law, principles or rules,
                and
                be subject to arbitration pursuant to the terms set forth in the
                Exchange
                Agreement.

            
	 	 
	
              (b)

            	
              Restrictions.
                The holder hereof acknowledges that the Warrant Shares acquired upon
                the
                exercise of this Warrant, if not registered, will have restrictions
                upon
                resale imposed by state and federal securities laws.

            
	 	 
	
              (c)

            	
              Nonwaiver
                and Expenses. No course of dealing or any delay or failure to
                exercise any right hereunder on the part of the Holder shall operate
                as a
                waiver of such right or otherwise prejudice Holder’s rights, powers or
                remedies, except that all rights hereunder terminate on the Termination
                Date. If the Company fails to comply with any provision of this Warrant,
                the Company shall pay to the Holder such amounts as shall be sufficient
                to
                cover any costs and expenses including, but not limited to, reasonable
                attorneys’ fees, including those of appellate proceedings, incurred by the
                Holder in collecting any amounts due pursuant hereto or in otherwise
                enforcing any of its rights, powers or remedies
                hereunder.

            
	 	 
	
              (d)

            	
              Notices.
                Any notice, request or other document required or permitted to be
                given or
                delivered to the holder hereof by the Company shall be delivered
                in
                accordance with the notice provisions of the Exchange
                Agreement.

            
	 	 
	
              (e)

            	
              Limitation
                of Liability. No provision hereof, in the absence of
                affirmative action by Holder to purchase shares of Common Stock,
                and no
                enumeration herein of the rights or privileges of Holder hereof,
                shall
                give rise to any liability of the Holder for the purchase price of
                any
                Common Stock or as a stockholder of the Company, whether such liability
                is
                asserted by the Company or by creditors of the Company.

            
	 	 
	
              (f)

            	
              Remedies.
                The Holder, in addition to being entitled to exercise all rights
                granted
                by law, including recovery of damages, will be entitled to specific
                performance of its rights under this Warrant. The Company agrees
                that
                monetary damages would not be adequate compensation for any loss
                incurred
                by reason of a breach by it of the provisions of this Warrant and
                hereby
                agrees to waive the defense in any action for specific performance
                that a
                remedy at law would be adequate.

            
	 	 
	
              (g)

            	
              Successors
                and Assigns. Subject to applicable securities laws, this
                Warrant and the rights and obligations evidenced hereby shall inure
                to the
                benefit of and be binding upon the successors of the Company and
                the
                successors and permitted assigns of the Holder. The provisions of
                this
                Warrant are intended to be for the benefit of all Holders from time
                to
                time of this Warrant and shall be enforceable by any such Holder
                or holder
                of Warrant Shares.

            
	 	 
	
              (h)

            	
              Amendment.
                This Warrant may be modified or amended or the provisions hereof
                waived
                only with the written consent of the Company and the
                Holder.

            
	 	 
	
              (i)

            	
              Severability.
                Wherever possible, each provision of this Warrant shall be interpreted
                in
                such manner as to be effective and valid under applicable law, but
                if any
                provision of this Warrant shall be prohibited by or invalid under
                applicable law, such provision shall be ineffective to the extent
                of such
                prohibition or invalidity, without invalidating the remainder of
                such
                provisions or the remaining provisions of this Warrant.

            
	 	 
	
              (j)

            	
              Headings.
                The headings used in this Warrant are for the convenience of reference
                only and shall not, for any purpose, be deemed a part of this
                Warrant.

            

    

    

    

    

    [Signature
      Page Follows]

    
      
         

      

      
        -8-

        
          

        

      

      
         

      

    

    

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

    

    

    

    Dated:
      July
      24,
      2006

    

    SMARTVIDEO
      TECHNOLOGIES, INC.

    

    

    

    By: /s/
      Ronald A. Warren

           Ronald
      A.
      Warren

          
      Title: Secretary of the Corporation 

    

     

    

    

    

    

    Corporate
      Seal 

    

    
      
         

      

      
        -9-

        
          

        

      

      
         

      

    

    

    

    NOTICE
      OF EXERCISE

    

    To: SmartVideo
      Technologies, Inc.

    

    
      	1.	
              The
                undersigned hereby elects to purchase ________ shares of Common Stock
                (the
                "Common Stock"), of SmartVideo Technologies, Inc. pursuant
                to the terms of the attached Warrant, and tenders herewith payment
                of the
                exercise price in full, together with all applicable transfer taxes,
                if
                any.

            

    

    

    
      	2.	
              Please
                issue a certificate or certificates representing said shares of Common
                Stock in the name of the undersigned or in such other name as is
                specified
                below:

            

    

    

    

    Skyward
      Mobile, LLC

    Attn:
      Jeremy DeBonet,
      Manager

    130
      New
      Boston Street

     

    Woburn,
      MA 01801

     

    

    

    

    Dated:
      _______________,
      ____

    

    

    

    Authorized
      Holder's Signature: __________________________________

    

    

    Holder's
      Name: Skyward
      Mobile, LLC 

     

    Holder's
      Address: Attn:
      Jeremy DeBonet,
      Manager

                                                                                    
      130
      New Boston Street

     

                                                                                     Woburn,
      MA 01801

    

    Social
      Security, Employer or Other Tax Identification

    Number
      of
      Holder: 20-4879840

    

    

    

    NOTE:
      The
      signature to this Assignment Form must correspond with the name as it appears
      on
      the face of the Warrant, without alteration or enlargement or any change
      whatsoever, and must be guaranteed by a bank or trust company. Officers of
      corporations and those acting in an fiduciary or other representative capacity
      should file proper evidence of authority to assign the foregoing
      Warrant.

     

    
      
         

      

      
        -10-

        
          

        

      

      
         

      

    

    
 

    ASSIGNMENT
      FORM

    

    

    

    (To
      assign the foregoing warrant, execute

    this
      form
      and supply required information. 

    Do
      not
      use this form to exercise the warrant.)

    

    

    

    FOR
      VALUE
      RECEIVED, the foregoing Warrant and all rights evidenced thereby are hereby
      

    

    assigned
      to
      _______________________________________________________________________

    

    whose
      address is
      __________________________________________________________________.

    

     

    

    Dated:
      ________________,
      _____

    

    

    Authorized
      Holder's Signature: ____________________________________

    

    Holder's
      Name: Skyward
      Mobile, LLC    

    

    Holder's
      Address: Attn:
      Jeremy DeBonet,
      Manager

                                                                                    
      130
      New Boston Street

     

                                                                                     Woburn,
      MA 01801

    

    Social
      Security, Employer or 

    Other
      Tax
      Identification Number of Holder: 20-4879840

    

    

    

    

    

    Signature
      Guaranteed: _______________________________________________________

    

    

    

    NOTE:
      The
      signature to this Assignment Form must correspond with the name as it appears
      on
      the face of the Warrant, without alteration or enlargement or any change
      whatsoever, and must be guaranteed by a bank or trust company. Officers of
      corporations and those acting in an fiduciary or other representative capacity
      should file proper evidence of authority to assign the foregoing
      Warrant.

    

    

    
      
         

      

      
        -11-Exhibit
        10.32

      
        	 	
                 

              
	
                Skyward
                  Mobile LLC,

              	
                Warrants
                  Issued: 50,000

              
	
                Attn:
                  Jeremy DeBonet, Manager

              	 
	
                Termination
                  Date: July 24, 2011

              	 

      

       

    

    NEITHER
      THIS WARRANT NOR THE SHARES ISSUABLE UPON EXERCISE HEREOF HAVE BEEN REGISTERED
      UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT") OR ANY
      OTHER
      APPLICABLE SECURITIES LAWS IN RELIANCE UPON AN EXEMPTION FROM THE REGISTRATION
      REQUIREMENTS OF THE SECURITIES ACT AND SUCH OTHER SECURITIES LAWS. NEITHER
      THIS
      WARRANT NOR THE SHARES ISSUABLE UPON EXERCISE HEREOF MAY BE SOLD, PLEDGED,
      TRANSFERRED, ENCUMBERED OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO AN EFFECTIVE
      REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR IN A TRANSACTION WHICH IS
      EXEMPT FROM REGISTRATION UNDER THE PROVISIONS OF THE SECURITIES ACT.

    

    THE
      SECURITIES REPRESENTED BY THIS WARRANT ARE SUBJECT TO A MASTER CONSULTING
      AGREEMENT DATED JULY 24, 2006 (THE “CONSULTING AGREEMENT”). 

    

    

    REDEEMABLE
      WARRANT

    

    

    To
      Purchase 50,000
      Shares
      of the Common Stock 

    of

    SMARTVIDEO
      TECHNOLOGIES, INC.

    

    THIS
      CERTIFIES that, for value received, Skyward
      Mobile, LLC,
      Attn:
Jeremy DeBonet,
      Manager
      (the
      "Holder"), is entitled, upon the terms and subject to the conditions hereinafter
      set forth, at any time on or after the delivery of written design specifications
      and all other necessary design and build milestones to support the requirements
      of the first fully executed agreement between the Company and a [*****]
      (the
“Exercise Date”), and on or prior to the close of business on the date which is
      five (5) years after the date hereof (the "Termination Date"), to subscribe
      for
      and purchase from SmartVideo Technologies, Inc. (the "Company"), up to
50,000
      (Fifty
      Thousand)
      shares
      (the "Warrant Shares") of common stock, par value $.001 per share (the "Common
      Stock") of the Company. The purchase price of one share of Common Stock (the
      “Exercise Price”) under this Warrant shall be the per share price equal to the
      closing sale price quoted on the OTC Bulletin Board or another nationally
      recognized trading system on July 24, 2006 or
      the
      date of delivery of the design specifications and all other necessary design
      and
      build milestones referenced above to the Company (the “Delivery
      Date”),
      whichever is lower. The Exercise Price and the number of shares for which the
      Warrant is exercisable shall be subject to adjustment as provided herein.

    

    
      	
              1.

            	
              Title
                to Warrant. Prior to the Termination Date and subject to
                compliance with applicable laws and the terms of this Warrant, this
                Warrant and all rights hereunder are transferable, in whole or in
                part, at
                the office or agency of the Company by the holder hereof in person
                or by
                duly authorized attorney, upon surrender of this Warrant together
                with the
                Assignment Form annexed hereto properly endorsed.

            
	 	 
	
              2.

            	
              Authorization
                of Shares. The Company covenants that all shares of Common
                Stock which may be issued upon the exercise of rights represented
                by this
                Warrant will, upon exercise of the rights represented by this Warrant,
                be
                duly authorized, validly issued, fully paid and nonassessable and
                free
                from all taxes, liens and charges in respect of the issue thereof
                (other
                than taxes in respect of any transfer occurring contemporaneously
                with
                such issue).

            

    

    

    *
      Confidential Treatment has been requested for the marked portion and filed
      separately with the Commission. 

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    

    

    
      	
              3.

            	
              Exercise
                of Warrant. 

            

    

     

    
      	 	 
	
              (a)

            	
              Except
                as provided in Section 4 herein, exercise of the purchase rights
                represented by this Warrant may be made at any time or times on or
                after
                the Exercise Date and before the close of business on the Termination
                Date
                by the surrender of this Warrant and the Notice of Exercise Form
                annexed
                hereto duly executed, at the office of the Company (or such other
                office
                or agency of the Company as it may designate by notice in writing
                to the
                registered holder hereof at the address of such holder appearing
                on the
                books of the Company) and, except as set forth in subsection (b)
                hereof,
                upon payment of the Exercise Price of the shares thereby purchased
                by wire
                transfer or cashier’s check drawn on a United States bank, the holder
                shall be entitled to receive a certificate for the number of shares
                of
                Common Stock so purchased. Certificates for shares purchased hereunder
                shall be delivered to the holder hereof within twenty (20) business
                days
                after the date on which this Warrant shall have been exercised as
                aforesaid. This Warrant shall be deemed to have been exercised and
                such
                certificate or certificates shall be deemed to have been issued,
                and the
                Holder or any other person so designated to be named therein shall
                be
                deemed to have become a holder of record of such shares for all purposes,
                as of the date the Holder faxes a Notice of Exercise to the Company,
                provided that such fax notice is followed by delivery of the original
                notice and payment to the Company of the Exercise Price and all taxes
                required to be paid by the Holder, if any, pursuant to Section 6
                prior to
                the issuance of such shares, have been paid within three (3) business
                days
                of such fax notice. If this Warrant shall have been exercised in
                part, the
                Company shall, at the time of delivery of the certificate or certificates
                representing Warrant Shares, deliver to the Holder a new Warrant
                evidencing the rights of Holder to purchase the unpurchased shares
                of
                Common Stock called for by this Warrant, which new Warrant shall
                in all
                other respects be identical with this Warrant.

            

    

    

    (b) 
Cashless
      Exercise. 
      Notwithstanding the foregoing, the Holder may, at its option, elect to exercise
      this Warrant, in whole or in part and at any time or from time to time, on
      a
      cashless basis, by surrendering this Warrant, with the purchase form appended
      hereto as Exhibit I duly executed by or on behalf of the Holder, at the
      principal office of the Company, or at such other office or agency as the
      Company may designate, by canceling a portion of this Warrant in payment of
      the
      Exercise Price payable in respect of the number of Warrant Shares purchased
      upon
      such exercise.  In the event of an exercise pursuant to this subsection
      1(b), the number of Warrant Shares issued to the Holder shall be determined
      according to the following formula:  

    

    

    X
      =
Y(A-B)

    A

    

    Where: 
      X =
               
the number of Warrant Shares that shall be issued to the Holder; 

    

    Y
      =                
the number of Warrant Shares for which this Warrant is being exercised (which
      shall include both the number of 

                          
      Warrant Shares issued to the Holder and the number of Warrant Shares subject
      to
      the portion of the Warrant being

                          
      cancelled in payment of the Exercise Price); 

    

    A
      =                
the Fair Market Value of one share of Common Stock; and

    

    B
      =                 
the Exercise Price then in effect.

    

    The
      Fair
      Market Value per share of Common Stock shall be determined as
      follows:

    

    If
      the
      Common Stock is listed on a national securities exchange, the OTC Bulletin
      Board
      or another nationally recognized trading system as of the Exercise Date, the
      Fair Market Value per share of Common Stock shall be deemed to be the average
      of
      the high and low reported sale prices per share of Common Stock thereon on
      the
      trading day immediately preceding the Exercise Date.

     

    
      
         

      

      
        -2-

        
          

        

      

      
         

      

    

    

    
      	
              4.

            	
              Redemption
                of Warrants.

            
	 	 
	
              (a)

            	
              Procedures.
                Commencing at the close of business on July 24, 2007 the Company
                may,
                subject to the conditions set forth herein, redeem all, but not less
                than
                all, of this Warrant at a redemption price of $.10 for each Warrant
                Share
                the Holder is entitled to purchase hereunder upon not less than thirty
                (30) days prior written notice (the “Redemption Notice”) to the Holder,
                provided that the average closing price of the Common Stock for the
                twenty
                (20) consecutive trading days ending three (3) days prior to the
                date of
                the Redemption Notice is at least $5.00, subject to adjustment for
                stock
                dividends, stock splits and other anti-dilution provisions as provided
                for
                in Section 12 of this Warrant. For purposes of this Section 4, “closing
                price” at any date shall be deemed to be: (i) the last sale price regular
                way as reported on the principal national securities exchange on
                which the
                Common Stock is listed or admitted to trading, or (ii) if the Common
                Stock
                is not listed or admitted to trading on any national securities exchange,
                the average of the closing bid and asked prices regular way for the
                Common
                Stock as reported by the Nasdaq National Market or Nasdaq SmallCap
                Market
                of the Nasdaq Stock Market, Inc. (“Nasdaq”) or (iii) if the Common Stock
                is not listed or admitted for trading on any national securities
                exchange,
                and is not reported by Nasdaq, the average of the closing bid and
                asked
                prices, as reported on the OTC Bulletin Board or if no such quotation
                is
                available, then the closing bid and asked prices in the over-the-counter
                market as furnished by the National Quotation Bureau, Inc., or if
                no such
                quotation is available, the fair market value of the Common Stock
                as
                determined in good faith by the Board of Directors of the Company.
                The
                Redemption Notice shall be deemed effective upon mailing and the
                time of
                mailing is the “Effective Date of the Notice.” The Redemption Notice shall
                state the redemption date not less than thirty (30) days from the
                Effective Date of the Notice (the “Redemption Date”). No Redemption Notice
                shall be mailed unless all funds necessary to pay for redemption
                of this
                Warrant shall have first been set aside by the Company so as to be
                and
                continue to be available therefor. The redemption price to be paid
                to the
                Holder will be $.10 for each Warrant Share to which the Holder would
                then
                be entitled upon exercise of this Warrant being redeemed, as adjusted
                from
                time to time as provided herein (the “Redemption Price”). In the event the
                number of shares of Common Stock issuable upon exercise of this Warrant
                being redeemed are adjusted pursuant to Section 12 hereof, then upon
                each
                such adjustment the Redemption Price will be adjusted by multiplying
                the
                Redemption Price in effect immediately prior to such adjustment by
                a
                fraction, the numerator of which is the number of shares of Common
                Stock
                issuable upon exercise of this Warrant being redeemed immediately
                prior to
                such adjustment and the denominator of which is the number of shares
                of
                Common Stock issuable upon exercise of this Warrant being redeemed
                immediately after such adjustment. The Holder may exercise this Warrant
                between the Effective Date of the Notice and the Redemption Date,
                such
                exercise being effective if done in accordance with Section 3 hereof,
                and
                if this Warrant, with the form of election to purchase duly executed,
                and
                the Exercise Price are actually received by the Company at its office
                located at 3505 Koger Boulevard, Suite 400 Duluth, GA 30096, no later
                than
                5:00 PM Atlanta, Georgia time on the Redemption Date. Notwithstanding
                the
                foregoing, following the Holder’s receipt of the Redemption Notice, the
                Holder may exercise this Warrant, without regard for the redemption
                rights
                provided to the Company hereunder. To the extent that the Holder
                elects to
                exercise the Warrant following receipt of the Redemption Notice,
                the
                Company shall not have the right to then redeem the Warrant
                Shares.

            
	 	 
	
              (b)

            	
              Return
                of Warrant. If Holder does not wish to exercise this Warrant,
                the Holder should mail this Warrant to the Company at its office
                located
                at 3505 Koger Boulevard, Suite 400 Duluth, GA 30096 after receiving
                the
                Redemption Notice required by this Section. If the Redemption Notice
                shall
                have been so mailed, and if on or before the Effective Date of the
                Notice
                all funds necessary to pay for redemption of this Warrant shall have
                been
                set aside by the Company for the benefit of the Holder so as to be
                and
                continue to be available therefor, then, on and after such Redemption
                Date, notwithstanding that this Warrant subject to redemption shall
                not
                have been surrendered for redemption, the obligation evidenced by
                this
                Warrant not so surrendered for redemption or effectively exercised
                shall
                be deemed no longer outstanding, and all rights with respect hereto
                shall
                forthwith cease and terminate, except only the right of the Holder
                to
                receive the Redemption Price for each share of Common Stock to which
                the
                Holder would be entitled if the Holder exercised this Warrant upon
                receiving the Redemption Notice of this Warrant.
                

            

    

     

    
      
         

      

      
        -3-

        
          

        

      

      
         

      

    

     

    
      	 	 
	
              5.

            	
              No
                Fractional Shares or Scrip. No fractional shares or scrip
                representing fractional shares shall be issued upon the exercise
                of this
                Warrant. As to any fraction of a share which Holder would otherwise
                be
                entitled to purchase upon such exercise, the Company shall pay a
                cash
                adjustment in respect of such final fraction in an amount equal to
                the
                Exercise Price.

            
	 	 
	
              6.

            	
              Charges,
                Taxes and Expenses. Issuance of certificates for shares of
                Common Stock upon the exercise of this Warrant shall be made without
                charge to the holder hereof for any issue or Federal or State transfer
                tax
                or other incidental expense in respect of the issuance of such
                certificate, all of which taxes and expenses shall be paid by the
                Company,
                and such certificates shall be issued in the name of the holder of
                this
                Warrant or in such name or names as may be directed by the holder
                of this
                Warrant; provided, however, that in the event certificates for shares
                of
                Common Stock are to be issued in a name other than the name of the
                holder
                of this Warrant, this Warrant when surrendered for exercise shall
                be
                accompanied by the Assignment Form attached hereto duly executed
                by the
                holder hereof; and the Company may require, as a condition thereto,
                the
                payment of a sum sufficient to reimburse it for any transfer tax
                incidental thereto.

            
	 	 
	
              7.

            	
              Closing
                of Books. The Company will not close its stockholder books or
                records in any manner which prevents the timely exercise of this
                Warrant.

            
	 	 
	
              8.

            	
              Transfer,
                Division and Combination.

            
	 	 
	
              (a)

            	
              the
                Holder (and its transferees and assigns), by acceptance of this Warrant,
                covenants and agrees that it is acquiring the Warrants evidenced
                hereby,
                and, upon exercise hereof, the Warrant Shares, for its own account
                as an
                investment and not with a view to the resale or distribution thereof.
                The
                Warrant Shares have not been registered under the Securities Act
                or any
                state securities laws and, prior to any such registration, no transfer
                of
                any Warrant Shares shall be permitted unless the Company has received
                notice of such transfer, at the address of its principal office set
                forth
                in the Exchange Agreement, in the form of assignment attached hereto,
                accompanied by an opinion of counsel reasonably satisfactory to the
                Company that an exemption from registration of such Warrants or Warrant
                Shares under the Securities Act is available for such transfer, except
                that no such opinion or notice shall be required after the registration
                for resale by the Holder of the Warrant Shares, as contemplated by
                the
                Consulting Agreement. Upon any exercise of the Warrants, certificates
                representing the Warrant Shares shall bear a restrictive legend
                substantially identical to that set forth on the face of this Warrant
                certificate. Any purported transfer of any Warrant or Warrant Shares
                not
                in compliance with the provisions of this section shall be null and
                void.

            
	 	 
	
              (b)

            	
              This
                Warrant may be divided or combined with other Warrants upon presentation
                hereof at the aforesaid office of the Company, together with a written
                notice specifying the names and denominations in which new Warrants
                are to
                be issued, signed by Holder or its agent or attorney. Subject to
                compliance with Section 8(a), as to any transfer which may be involved
                in
                such division or combination, the Company shall execute and deliver
                a new
                Warrant or Warrants in exchange for the Warrant or Warrants to be
                divided
                or combined in accordance with such notice.

            
	 	 
	
              (c)

            	
              The
                Company shall prepare, issue and deliver at its own expense (other
                than
                transfer taxes) the new Warrant or Warrants under this Section
                8.

            
	 	 
	
              (d)

            	
              The
                Company agrees to maintain, at its aforesaid office or the office
                of its
                transfer or registration agent, books for the registration and the
                registration of transfer of the
                Warrants.

            

    

     

    
      
         

      

      
        -4-

        
          

        

      

      
         

      

    

     

    
      	 	 
	
              9.

            	
              No
                Rights as Stockholder until Exercise. This Warrant does not
                entitle the holder hereof to any voting rights or other rights as
                a
                shareholder of the Company prior to the exercise hereof. Upon the
                surrender of this Warrant and the payment of the aggregate Exercise
                Price,
                the Warrant Shares so purchased shall be and be deemed to be issued
                to
                such holder as the record owner of such shares as of the close of
                business
                on the later of the date of such surrender or payment. 

            
	 	 
	
              10.

            	
              Loss,
                Theft, Destruction or Mutilation of Warrant. The Company
                covenants that upon receipt by the Company of evidence reasonably
                satisfactory to it of the loss, theft, destruction or mutilation
                of this
                Warrant certificate or any stock certificate relating to the Warrant
                Shares, and in case of loss, theft or destruction, of indemnity or
                security reasonably satisfactory to it (which shall not exceed that
                customarily charged by the Company’s transfer agent), and upon surrender
                and cancellation of such Warrant or stock certificate, if mutilated,
                the
                Company will make and deliver a new Warrant or stock certificate
                of like
                tenor and dated as of such cancellation, in lieu of such Warrant
                or stock
                certificate.

            
	 	 
	
              11.

            	
              Saturdays,
                Sundays, Holidays, etc. If the last or appointed day for the
                taking of any action or the expiration of any right required or granted
                herein shall be a Saturday, Sunday or a legal holiday, then such
                action
                may be taken or such right may be exercised on the next succeeding
                day not
                a Saturday, Sunday or legal holiday.

            
	 	 
	
              12.

            	
              Adjustments
                of Exercise Price and Number of Warrant Shares.

            
	 	 
	
              (a)

            	
              Stock
                Splits, etc. The number and kind of securities purchasable
                upon the exercise of this Warrant and the Exercise Price shall be
                subject
                to adjustment from time to time upon the happening of any of the
                following. In case the Company shall (i) pay a dividend in shares
                of
                Common Stock or make a distribution in shares of Common Stock to
                holders
                of its outstanding Common Stock, (ii) subdivide its outstanding shares
                of
                Common Stock into a greater number of shares of Common Stock, (iii)
                combine its outstanding shares of Common Stock into a smaller number
                of
                shares of Common Stock or (iv) issue any shares of its capital stock
                in a
                reclassification of the Common Stock, then the number of Warrant
                Shares
                purchasable upon exercise of this Warrant immediately prior thereto
                shall
                be adjusted so that the holder of this Warrant shall be entitled
                to
                receive the kind and number of Warrant Shares or other securities
                of the
                Company which he would have been entitled to receive had such Warrant
                been
                exercised in advance thereof. Upon each such adjustment of the kind
                and
                number of Warrant Shares or other securities of the Company which
                are
                purchasable hereunder, the holder of this Warrant shall thereafter
                be
                entitled to purchase the number of Warrant Shares or other securities
                resulting from such adjustment at an Exercise Price per Warrant Share
                or
                other security obtained by multiplying the Exercise Price in effect
                immediately prior to such adjustment by the number of Warrant Shares
                purchasable pursuant hereto immediately prior to such adjustment
                and
                dividing by the number of Warrant Shares or other securities of the
                Company resulting from such adjustment. An adjustment made pursuant
                to
                this paragraph shall become effective immediately after the effective
                date
                of such event retroactive to the record date, if any, for such
                event.

            
	 	 
	
              (b)

            	
              Reorganization,
                Reclassification, Merger, Consolidation or Disposition of
                Assets. In case the Company shall reorganize its capital,
                reclassify its capital stock (other than a change in nominal value
                to no
                nominal value, or from no nominal value to nominal value, or as a
                result
                of a subdivision, combination or other event described in paragraph
                (a) of
                this Section), consolidate or merge with or into another corporation
                (where the Company is not the surviving corporation or where there
                is a
                change in or distribution with respect to the Common Stock of the
                Company), or sell, transfer or otherwise dispose of all or substantially
                all its property, assets or business to another corporation and,
                pursuant
                to the terms of such reorganization, reclassification, merger,
                consolidation or disposition of assets, shares of common stock of
                the
                successor or acquiring corporation, or any cash, shares of stock
                or other
                securities or property of any nature whatsoever

            

    

     

    
      
         

      

      
        -5-

        
          

        

      

      
         

      

    

     

     

    
      	 	
              (including
                warrants or other subscription or purchase rights) in addition to
                or in
                lieu of common stock of the successor or acquiring corporation ("Other
                Property"), are to be received by or distributed to the holders of
                Common
                Stock of the Company, then Holder shall have the right thereafter
                to
                receive, upon exercise of this Warrant, the number of shares of common
                stock of the successor or acquiring corporation or of the Company,
                if it
                is the surviving corporation, and Other Property receivable upon
                or as a
                result of such reorganization, reclassification, merger, consolidation
                or
                disposition of assets by a holder of the number of shares of Common
                Stock
                for which this Warrant is exercisable immediately prior to such event.
                In
                case of any such reorganization, reclassification, merger, consolidation
                or disposition of assets, the successor or acquiring corporation
                (if other
                than the Company) shall expressly assume the due and punctual observance
                and performance of each and every covenant and condition of this
                Warrant
                to be performed and observed by the Company and all the obligations
                and
                liabilities hereunder, subject to such modifications as may be deemed
                appropriate (as determined in good faith by resolution of the Board
                of
                Directors of the Company) in order to provide for adjustments of
                shares of
                Common Stock for which this Warrant is exercisable which shall be
                as
                nearly equivalent as practicable to the adjustments provided for
                in this
                Section 12. For purposes of this Section 12, "common stock of the
                successor or acquiring corporation" shall include stock of such
                corporation of any class which is not preferred as to dividends or
                assets
                over any other class of stock of such corporation and which is not
                subject
                to redemption and shall also include any evidences of indebtedness,
                shares
                of stock or other securities which are convertible into or exchangeable
                for any such stock, either immediately or upon the arrival of a specified
                date or the happening of a specified event and any warrants or other
                rights to subscribe for or purchase any such stock. The foregoing
                provisions of this Section 12 shall similarly apply to successive
                reorganizations, reclassifications, mergers, consolidations or disposition
                of assets.

            
	 	 
	
              13.

            	
              Voluntary
                Adjustment by the Company. The Company may at any time during
                the term of this Warrant, reduce the then current Exercise Price
                to any
                amount and for any period of time deemed appropriate by the Board
                of
                Directors of the Company.

            
	 	 
	
              14.

            	
              Notice
                of Adjustment. Whenever the number of Warrant Shares or
                number or kind of securities or other property purchasable upon the
                exercise of this Warrant or the Exercise Price is adjusted, as herein
                provided, the Company shall promptly mail by registered or certified
                mail,
                return receipt requested, to the holder of this Warrant notice of
                such
                adjustment or adjustments setting forth the number of Warrant Shares
                (and
                other securities or property) purchasable upon the exercise of this
                Warrant and the Exercise Price of such Warrant Shares (and other
                securities or property) after such adjustment, setting forth a brief
                statement of the facts requiring such adjustment and setting forth
                the
                computation by which such adjustment was made. Such notice, in the
                absence
                of manifest error, shall be conclusive evidence of the correctness
                of such
                adjustment.

            
	 	 
	
              15.

            	
              Notice
                of Corporate Action. If at any time:

            
	 	 
	
              (a)

            	
              the
                Company shall take a record of the holders of its Common Stock for
                the
                purpose of entitling them to receive a dividend or other distribution,
                or
                any right to subscribe for or purchase any evidences of its indebtedness,
                any shares of stock of any class or any other securities or property,
                or
                to receive any other right, or

            
	 	 
	
              (b)

            	
              there
                shall be any capital reorganization of the Company, any reclassification
                or recapitalization of the capital stock of the Company or any
                consolidation with or merger of the Company into, or any sale, transfer
                or
                other disposition of all or substantially all the property, assets
                or
                business of the Company to, another corporation or,

            
	 	 
	
              (c)

            	
              there
                shall be a voluntary or involuntary dissolution, liquidation or winding
                up
                of the Company;

            

    

     

    
      
         

      

      
        -6-

        
          

        

      

      
         

      

    

     

    
      	 	 
	 	
              then,
                in any one or more of such cases, the Company shall give to Holder
                (i) at
                least 10 days’ prior written notice of any record date for such dividend,
                distribution or right or for determining rights to vote in respect
                of any
                such reorganization, reclassification, merger, consolidation, sale,
                transfer, disposition, liquidation or winding up, and (ii) in the
                case of
                any such reorganization, reclassification, merger, consolidation,
                sale,
                transfer, disposition, dissolution, liquidation or winding up, at
                least 10
                days’ prior written notice of the date when the same shall take place.
                Such notice in accordance with the foregoing clause also shall specify
                (i)
                the date on which any such record is to be taken for the purpose
                of such
                dividend, distribution or right, the date on which the holders of
                Common
                Stock shall be entitled to any such dividend, distribution or right,
                and
                the amount and character thereof, and (ii) the date on which any
                such
                reorganization, reclassification, merger, consolidation, sale, transfer,
                disposition, dissolution, liquidation or winding up is to take place
                and
                the time, if any such time is to be fixed, as of which the holders
                of
                Common Stock shall be entitled to exchange their shares of Common
                Stock
                for securities or other property deliverable upon such disposition,
                dissolution, liquidation or winding up. Each such written notice
                shall be
                sufficiently given if addressed to Holder at the last address of
                Holder
                appearing on the books of the Company and delivered in accordance
                with
                Section 17(d).

            
	 	 
	
              16.

            	
              Authorized
                Shares. The Company covenants that during the period the
                Warrant is outstanding, it will reserve from its authorized and unissued
                Common Stock a sufficient number of shares to provide for the issuance
                of
                the Warrant Shares upon the exercise of any purchase rights under
                this
                Warrant. The Company further covenants that its issuance of this
                Warrant
                shall constitute full authority to its officers who are charged with
                the
                duty of executing stock certificates to execute and issue the necessary
                certificates for the Warrant Shares upon the exercise of the purchase
                rights under this Warrant. The Company will take all such reasonable
                action as may be necessary to assure that such Warrant Shares may
                be
                issued as provided herein without violation of any applicable law
                or
                regulation, or of any requirements of the Principal Market upon which
                the
                Common Stock may be listed. 

            
	 	 
	 	
              The
                Company shall not by any action, including, without limitation, amending
                its certificate of incorporation or through any reorganization, transfer
                of assets, consolidation, merger, dissolution, issue or sale of securities
                or any other voluntary action, avoid or seek to avoid the observance
                or
                performance of any of the terms of this Warrant, but will at all
                times in
                good faith assist in the carrying out of all such terms and in the
                taking
                of all such actions as may be necessary or appropriate to protect
                the
                rights of Holder against impairment. Without limiting the generality
                of
                the foregoing, the Company will (a) not increase the par value of
                any
                shares of Common Stock receivable upon the exercise of this Warrant
                above
                the amount payable therefor upon such exercise immediately prior
                to such
                increase in par value, (b) take all such action as may be necessary
                or
                appropriate in order that the Company may validly and legally issue
                fully
                paid and nonassessable shares of Common Stock upon the exercise of
                this
                Warrant, and (c) use its best efforts to obtain all such authorizations,
                exemptions or consents from any public regulatory body having jurisdiction
                thereof as may be necessary to enable the Company to perform its
                obligations under this Warrant.

            
	 	 
	 	
              Before
                taking any action which would result in an adjustment in the number
                of
                shares of Common Stock for which this Warrant is exercisable or in
                the
                Exercise Price, the Company shall obtain all such authorizations
                or
                exemptions thereof, or consents thereto, as may be necessary from
                any
                public regulatory body or bodies having jurisdiction
                thereof.

            
	 	 
	
              17.

            	
              Miscellaneous.

            
	 	 
	
              (a)

            	
              Jurisdiction.
                This Warrant shall be binding upon any successors or assigns of the
                Company. This Warrant shall constitute a contract under the laws
                of
                Delaware without regard to its conflict of law, principles or rules,
                and
                be subject to arbitration pursuant to the terms set forth in the
                Exchange
                Agreement.

            

    

     

    
      
         

      

      
        -7-

        
          

        

      

      
         

      

    

     

    
      	 	 
	
              (b)

            	
              Restrictions.
                The holder hereof acknowledges that the Warrant Shares acquired upon
                the
                exercise of this Warrant, if not registered, will have restrictions
                upon
                resale imposed by state and federal securities laws.

            
	 	 
	
              (c)

            	
              Nonwaiver
                and Expenses. No course of dealing or any delay or failure to
                exercise any right hereunder on the part of the Holder shall operate
                as a
                waiver of such right or otherwise prejudice Holder’s rights, powers or
                remedies, except that all rights hereunder terminate on the Termination
                Date. If the Company fails to comply with any provision of this Warrant,
                the Company shall pay to the Holder such amounts as shall be sufficient
                to
                cover any costs and expenses including, but not limited to, reasonable
                attorneys’ fees, including those of appellate proceedings, incurred by the
                Holder in collecting any amounts due pursuant hereto or in otherwise
                enforcing any of its rights, powers or remedies
                hereunder.

            
	 	 
	
              (d)

            	
              Notices.
                Any notice, request or other document required or permitted to be
                given or
                delivered to the holder hereof by the Company shall be delivered
                in
                accordance with the notice provisions of the Exchange
                Agreement.

            
	 	 
	
              (e)

            	
              Limitation
                of Liability. No provision hereof, in the absence of
                affirmative action by Holder to purchase shares of Common Stock,
                and no
                enumeration herein of the rights or privileges of Holder hereof,
                shall
                give rise to any liability of the Holder for the purchase price of
                any
                Common Stock or as a stockholder of the Company, whether such liability
                is
                asserted by the Company or by creditors of the Company.

            
	 	 
	
              (f)

            	
              Remedies.
                The Holder, in addition to being entitled to exercise all rights
                granted
                by law, including recovery of damages, will be entitled to specific
                performance of its rights under this Warrant. The Company agrees
                that
                monetary damages would not be adequate compensation for any loss
                incurred
                by reason of a breach by it of the provisions of this Warrant and
                hereby
                agrees to waive the defense in any action for specific performance
                that a
                remedy at law would be adequate.

            
	 	 
	
              (g)

            	
              Successors
                and Assigns. Subject to applicable securities laws, this
                Warrant and the rights and obligations evidenced hereby shall inure
                to the
                benefit of and be binding upon the successors of the Company and
                the
                successors and permitted assigns of the Holder. The provisions of
                this
                Warrant are intended to be for the benefit of all Holders from time
                to
                time of this Warrant and shall be enforceable by any such Holder
                or holder
                of Warrant Shares.

            
	 	 
	
              (h)

            	
              Amendment.
                This Warrant may be modified or amended or the provisions hereof
                waived
                only with the written consent of the Company and the
                Holder.

            
	 	 
	
              (i)

            	
              Severability.
                Wherever possible, each provision of this Warrant shall be interpreted
                in
                such manner as to be effective and valid under applicable law, but
                if any
                provision of this Warrant shall be prohibited by or invalid under
                applicable law, such provision shall be ineffective to the extent
                of such
                prohibition or invalidity, without invalidating the remainder of
                such
                provisions or the remaining provisions of this Warrant.

            
	 	 
	
              (j)

            	
              Headings.
                The headings used in this Warrant are for the convenience of reference
                only and shall not, for any purpose, be deemed a part of this
                Warrant.

            
	 	 

    

    

    

    [Signature
      Page Follows]

     

    
 

    
      
         

      

      
        -8-

        
          

        

      

      
         

      

    

    

    

     

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

    

    

    

    

    

    Dated:
      July
      24,
      2006

    

    SMARTVIDEO
      TECHNOLOGIES, INC.

    

    

    

    By: /s/
      Ronald A. Warren

          
      Ronald A. Warren

          
Title:
      Secretary of the Corporation 

    

    

    

    

    Corporate
      Seal 

     

    
      
         

      

      
        -9-

        
          

        

      

      
         

      

    

    
 

    NOTICE
      OF EXERCISE

    

    To: SmartVideo
      Technologies, Inc.

    

    
      	1.	
              The
                undersigned hereby elects to purchase ________ shares of Common Stock
                (the
                "Common Stock"), of SmartVideo Technologies, Inc. pursuant
                to the terms of the attached Warrant, and tenders herewith payment
                of the
                exercise price in full, together with all applicable transfer taxes,
                if
                any.

            

    

    

    
      	2.	
              Please
                issue a certificate or certificates representing said shares of Common
                Stock in the name of the undersigned or in such other name as is
                specified
                below:

            

    

    

    

    Skyward
      Mobile, LLC

    Attn:
      Jeremy DeBonet,
      Manager

    130
      New
      Boston Street

     

    Woburn,
      MA 01801

     

    

    

    

    Dated:
      __________________,
      _____

    

    

    

    Authorized
      Holder's Signature: _______________________________________

    

    

    Holder's
      Name: Skyward
      Mobile, LLC 

     

    Holder's
      Address: Attn:
      Jeremy DeBonet,
      Manager

                                                                                    
      130
      New Boston Street

     

                                                                                    
      Woburn,
      MA 01801

    

    Social
      Security, Employer or Other Tax Identification

    Number
      of
      Holder: 20-4579840

    

    

    

    NOTE:
      The
      signature to this Assignment Form must correspond with the name as it appears
      on
      the face of the Warrant, without alteration or enlargement or any change
      whatsoever, and must be guaranteed by a bank or trust company. Officers of
      corporations and those acting in an fiduciary or other representative capacity
      should file proper evidence of authority to assign the foregoing
      Warrant.

    

     

    
      
         

      

      
        -10-

        
          

        

      

      
         

      

    

    
 

    ASSIGNMENT
      FORM

    

    

    

    (To
      assign the foregoing warrant, execute

    this
      form
      and supply required information. 

    Do
      not
      use this form to exercise the warrant.)

    

    

    

    FOR
      VALUE
      RECEIVED, the foregoing Warrant and all rights evidenced thereby are hereby
      

    

    assigned
      to
      ______________________________________________________________________

    

    whose
      address is
      _________________________________________________________________.

    

     

    

    Dated:
      _________________,
      ____

    

    

    Authorized
      Holder's Signature: __________________________________

    

    Holder's
      Name: Skyward
      Mobile, LLC    

    

    Holder's
      Address: Attn:
      Jeremy DeBonet,
      Manager

                                                                                               
      130 New Boston Street

                                                                                                Woburn,
      MA 01801

    

    Social
      Security, Employer or 

    Other
      Tax
      Identification Number of Holder: 20-4579840

    

    

    

    

    

    Signature
      Guaranteed: ___________________________________________________

    

    

    

    NOTE:
      The
      signature to this Assignment Form must correspond with the name as it appears
      on
      the face of the Warrant, without alteration or enlargement or any change
      whatsoever, and must be guaranteed by a bank or trust company. Officers of
      corporations and those acting in an fiduciary or other representative capacity
      should file proper evidence of authority to assign the foregoing
      Warrant.

    

    
      
         

      

      
        -11-

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