Document:

257
                  Park Avenue South

                New
                  York, NY 10010

                Tel
                  (212) 286-7000

                Fax
                  (212) 286-7010

              

      

    

     

    June
      11,
      2007

    

    

    Mr.
      Patrick White

    Chief
      Executive Officer

    Document
      Security Systems, Inc.

    28
      Main
      Street East

    Suite
      #1525

    Rochester,
      NY 14614

    

    Subject:
      Letter
      Agreement for the Appointment of DSS as Non-Exclusive Licensee/Reseller of
      BTI
      Products in the United States 

     

    Dear
      Patrick,

    

    This
      letter agreement (the “Letter Agreement”) sets forth the fundamental terms and
      conditions whereby Document Security Systems, Inc. (DSS) is authorized as a
      limited, non-exclusive distributor of International Barcode Corporation (d/b/a
      “BTI”) products as integrated components of DSS’ own products. This agreement is
      intended to be temporary in that we anticipate negotiating a Comprehensive
      License Agreement within sixty (60) days from the date herein that will
      supersede this Letter Agreement. However, the terms in this Letter Agreement
      shall be binding on both parties and, as applicable, shall be included in the
      Comprehensive Agreement.

     

    1  Definitions

     

    1.1  "BTI
      End-User License Agreement”
      or“BTI
      EULA" shall
      mean the form of BTI’s agreement under which BTI directly grants to a DSS
      Customer a non-exclusive, limited license and right to use BTI Products as
      integrated components of Enhanced DSS Products.

     

    1.2  “BTI
      Products” shall mean, but shall not necessarily be limited to, the
      following:

     

    
      	a)  	
              Photo
                In BarcodeTM — barcode superimposed on ID portrait to insure authenticity,
                and 

            

    

     

    
      	b)  	
              RSS
                Barcode Generation Software - a customizable, value added commercially
                supported software package installed on network servers that dynamically
                generates barcode images for custom applications and uses
                

            

    

     

     

    
      
        
        

      

      
        Page
          1

        
          

        

      

      
        
        

      

    

    
      
        		

                257
                  Park Avenue South

                New
                  York, NY 10010

                Tel
                  (212) 286-7000

                Fax
                  (212) 286-7010

              

      

       

    

    1.3  “DSS
      Customers” shall mean third parties that have purchased Enhanced DSS Products
      for the third party’s own use (and not for redistribution, remarketing,
      timesharing, or service bureau use) within the Territory in accordance with
      the
      terms of the BTI EULA and this Letter Agreement.

     

    1.4  “DSS
      Products” shall mean, but shall not necessarily be limited to, the
      following:

     

    
      	a)  	
              AuthentiGuard
                Blockout

            

    

     

    
      	b)  	
              AuthentiGuard
                Prism

            

    

     

    
      	c)  	
              AuthentiGuard
                Pantograph 5000

            

    

     

    1.5  “Enhanced
      DSS Products” shall mean the combination of one or more BTI Product(s) with one
      or more DSS Product(s) that adds value to the DSS offering.

     

    1.6  “Territory”
      shall mean the United States.

     

    2  Term

    2.1 
      The term
      of this Letter Agreement will begin on the date of the last signature in the
      signature block below (“the Effective Date”) and shall be superseded by the
      Comprehensive Agreement which the Parties agree to work in good faith to
      negotiate and execute within sixty (60) days from the Effective
      Date.

    

    2.2
       The
      term
      of the grant of a license to distribute BTI Products under the Comprehensive
      Agreement will be for five (5) years commencing as of the Effective
      Date.

     

    
      3  License
        Terms and Conditions

    

    3.1  BTI
      hereby grants to DSS, for the Term, a limited, non-exclusive, royalty-bearing,
      non-transferable license and right within the Territory to (a) combine and
      integrate BTI Products with DSS Products for the sole and exclusive purpose
      of
      creating, selling, and supporting Enhanced DSS Products; and (b) use BTI
      Trademarks, as agreed by the Parties, where in DSS’ business judgment such use
      will enhance DSS’ ability to market, promote and sell the Enhanced DSS Products
      (“the License”).

     

    3.2  DSS
      Customers shall execute and return to BTI, either directly or through DSS,
      an
      executed BTI EULA as a precondition to receiving any license or right to receive
      or use the Enhanced DSS Products. 

     

    3.3  DSS
      shall
      not, and shall not permit others to, decompile, disassemble, translate, reverse
      engineer or otherwise attempt to discover or expose the trade secrets or other
      intellectual property imbedded in or associated with BTI Products without the
      express written consent of BTI in each instance.

     

    3.4  DSS
      shall
      identify, in advance, any third party that DSS wishes to market, promote, or
      sell Enhanced DSS Products (the “Opportunity”). BTI has the right to approve or
      disapprove any Opportunity. BTI agrees to consider all Opportunities presented
      by DSS in good faith and to respond to any such DSS request in a timely manner.
      

     

    
      
        
        

      

      
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          2

        
          

        

      

      
        
        

      

    

    
      
        		

                257
                  Park Avenue South

                New
                  York, NY 10010

                Tel
                  (212) 286-7000

                Fax
                  (212) 286-7010

              

      

    

     

    
      4  Royalties

    

    DSS
      shall
      pay to BTI a royalty (“Royalty”) on each sale of an Enhanced DSS Product an
      amount agreed to by the parties in each instance prior to any quotation to
      a
      third party. The Royalty shall be equal to either (a) twenty five percent (25%)
      of the Net Margin of such sale, or (b) a negotiated price between BTI and DSS.
      “Net margin” is defined as the sale price less the cost of other third party
      items included in the sale. All such Royalties shall be due to BTI promptly
      upon
      collection of the invoiced amount for such sales.

     

    
      5  Amended
        Warrant 

    

    As
      additional consideration for BTI’s grant of the Appointment, DSS agrees to take
      all necessary action to extend the Expiration Date of Warrant No. B-1, dated
      June 16, 2006, issued by DSS to BTI (the “Warrant”) pursuant to a 2006 Letter
      Agreement between BTI and DSS from “June 16, 2007” to “December 31, 2007.”
 

     

    
      6  Rights
        in the BTI Products

    

    DSS
      acknowledges and agrees that BTI is the sole and exclusive owner of the BTI
      Products and BTI retains all rights, title and interest to the BTI Products
      and
      the trade secrets and intellectual property associated with the BTI Products
      (including any improvements thereto) as well as any current or future patents,
      trademarks, servicemarks, and copyrights pertaining to the BTI Products.

     

    
      7  BTI
        Support to DSS Customers

    

    BTI
      may
      provide services and support to DSS Customers as needed to support the
      implementation solutions using the BTI component of the Enhanced DSS Products
      for a fee to be agreed to by the parties as well as reimbursement for any travel
      related expenses. 

     

    
      8  Miscellaneous

    

    8.1  
      DSS and
      BTI are separate and distinct corporate entities under this Letter Agreement
      and
      nothing in this Letter Agreement may be construed to create a partnership,
      joint
      venture, or agency relationship between the parties. 

     

    8.2  
      Neither
      Party may assign any rights nor obligations under this Letter Agreement to
      any
      third party without the prior express written approval of the non-assigning
      party.

     

    8.3
       
      Either
      party may terminate the License by providing sixty (60) days notice to the
      other
      Party in the event that a third party acquires all or substantially all of
      a
      Party’s assets. 

    

    
      
        
        

      

      
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          3

        
          

        

      

      
        
        

      

    

    
      
        		

                257
                  Park Avenue South

                New
                  York, NY 10010

                Tel
                  (212) 286-7000

                Fax
                  (212) 286-7010

              

      

    

     

    8.4 BTI
      hereby indemnifies and holds DSS harmless from any liability, cost, loss, or
      expense of any kind, and agrees to defend any suit or proceeding against BTI,
      to
      the extent arising out of or based on any claim, demand, or action alleging
      that
      the DSS Products or any portion thereof, infringes any third-party rights in
      copyrights, patents, trade secrets or intellectual property rights.

     

    8.5 Any
      claim
      or dispute between the Parties pertaining to this Agreement shall be arbitrated
      in New York City before a single neutral arbitrator under the Commercial
      Arbitration Rules of the American Arbitration Association (the “AAA”). Any
      arbitration award may be entered as a judgment in any court of competent
      jurisdiction, or application may be made to such court for a judicial acceptance
      of the award and enforcement, as the law of such jurisdiction may require or
      allow. 

     

    8.6 This
      Letter Agreement shall be construed and interpreted in accordance with the
      laws
      of the State of New York without reference to principles of conflict of laws.
      

     

    

    We
      agree
      that this Letter Agreement reflects our agreements on these matters, is to
      the
      mutual benefit of both DSS and BTI, and will have full force and effect until
      such time as the anticipated Comprehensive License Agreement referenced above
      is
      executed. If this meets your understanding, please sign below and return via
      fax
      to (585) 325- 2977. 

    

     

    Sincerely,

     

    

    ______________________

    Cary
      Bunin

    Chief
      Executive Officer

    

    ___________________________________________________________________________

     

    Acknowledged
      and Agreed to:

    

    DOCUMENT
      SECURITY SYSTEMS, INC.

    

    

    ______________________    _______________________

    Patrick
      White      Date

    Chief
      Executive Officer

     

     

    
      
        
        

      

      
        Page
          4FORM
      OF SUBSCRIPTION DOCUMENTS AND INSTRUCTIONS

    

    INSTRUCTIONS

    

    The
      following documents must be completed in accordance with the instructions set
      forth below and must be executed in order to determine whether you are an
      accredited investor and, if accredited, in order to subscribe for the purchase
      of Units of the publicly-traded company (the “Company”)
      which
      will acquire by merger (the “Merger”)
      all of
      the issued and outstanding capital stock and the business of G8Wave, Inc.
      (“G8Wave”).
      Each
      Unit shall consist of 16,666 shares of the Company’s Common Stock (the
“Common
      Stock”
or
      the
“Shares”)
      and a
      warrant to purchase 8,333 shares of Common Stock (a “Warrant”).
      Each
      Warrant shall be exercisable for one share of Common Stock at a price of $2.25
      per share for 48 months after the closing of the Merger (the “Closing”).

     

    1. Enclosed
      are the Following Documents:

    

    a)  Subscription
      Agreement. Be
      sure
      to carefully and fully read the Subscription Agreement, and execute the
      signature page which is applicable to you. On the appropriate signature page
      of
      the Subscription Agreement, you must sign, print your name (or the name of
      the
      entity on whose behalf you are signing), address and social security or tax
      identification number where indicated, and indicate the number of Units
      subscribed for, the date of execution and the manner in which title to the
      Units
      will be held. 

    

    b)  Investor
      Questionnaire. Be
      sure
      to carefully and fully read the Investor Questionnaire, which can be found
      after
      the signature pages to the Subscription Agreement. On the signature page of
      the
      Investor Questionnaire, you must sign and print your name (or the name of the
      entity on whose behalf you are signing) where indicated.

    

    A
      PROSPECTIVE SUBSCRIBER MUST BE SURE TO CAREFULLY AND FULLY READ THE ACCOMPANYING
      CONFIDENTIAL PRIVATE PLACEMENT MEMORANDUM PRIOR TO RETURNING THE SIGNED
      SUBSCRIPTION DOCUMENTS.

    

    2.
       Payment.

    

    Contemporaneously
      with the execution and delivery of the Subscription Agreement and the Investor
      Questionnaire to the Company, payment
      of the purchase price may be made by check payable to American National Bank,
      as
Escrow
      Agent for the Company, at 3033 East First Avenue, Denver, Colorado 80206-5698,
      Attn: Sandra Richelmy or by wire transfer of immediately available funds, to
      American National Bank as follows:

    

    Wire
      Transfer Instructions for Escrow Account

     

    American
      National Bank

    Denver,
      CO

    aba:
       107001232

    Account
      #
      2109000881 Trust GL

    Further
      credit to: #1688927 Trust DDA

    Further
      credit to:  ES-4083

    Reference:
      G8Wave

    

    3. Return
      of Documents.
      

    

     Copies
      of
      the signed Subscription Agreement and Investor Questionnaire should be delivered
      to G8Wave's principal executive offices located at 126 Brookline Ave., Suite
      201, Boston, MA 02215. If you should have any questions, please contact Habib
      Khoury, G8Wave’s President, at G8Wave’s principal executive offices located at
      126 Brookline Ave., Suite 201, Boston, MA 02215 USA, or by telephone at
(617)
      584-4444.

    
      
        
        

      

      
        A-1

        
          

        

      

      
        
        

      

    

    

    PLEASE
      PRINT

    

    NAME
      OF SUBSCRIBER:_______________

    

    SUBSCRIPTION
      AMOUNT: $________________

    

    To:  
         G8Wave,
      Inc.

    126
      Brookline Ave. Suite 201

    Boston,
      MA 02215 USA

       
      Attn: Mr. Habib Khoury, President

    

    SUBSCRIPTION
      AGREEMENT

    

    This
      Subscription Agreement (this “Agreement”)
      is
      being delivered to you in connection with your investment in a publicly-traded
      company (the “Company”)
      which
      will acquire by merger all of the issued and outstanding capital stock and
      the
      business of G8Wave, Inc. (“G8Wave”).
      The
      Company is conducting a private placement (the “Offering”)
      of
      Units (the “Units”),
      at a
      purchase price of $25,000 per Unit. Each Unit shall consist of 16,666 shares
      of
      the Company’s Common Stock (the “Common
      Stock”
or
      the
“Shares”)
      and a
      warrant to purchase 8,333 shares of Common Stock (a “Warrant”).
      Each
      Warrant shall be exercisable for one share of Common Stock at a price of $2.25
      per share for 48 months after the closing of the Merger (the “Closing”).

    

    All
      funds
      received in the Offering prior to the Closing shall be held in escrow by
      American National Bank (the “Escrow
      Agent”)
      and,
      upon fulfillment of the other conditions precedent set forth herein, shall
      be
      released from escrow and delivered to the Company, at which time the Units
      subscribed for as further described below shall be delivered, subject to Section
      7 hereof, to you.

    

    1.
       Subscription
      and Purchase Price

    

    (a)
       Subscription.
      Subject
      to the conditions set forth in Section 2 hereof, the undersigned hereby
      subscribes for and agrees to purchase the number of Units indicated on page
      12
      hereof on the terms and conditions described herein. The minimum number of
      Units
      that may be purchased is one. Subscriptions for lesser amounts may be accepted
      at the discretion of the Company.

    

    (b)
       Purchase
      of Units.
      The
      undersigned understands and acknowledges that the purchase price to be remitted
      to the Company in exchange for the Units shall be $25,000 per Unit, for an
      aggregate purchase price as set forth on page 12 hereof (the “Aggregate
      Purchase Price”).
      The
      undersigned’s delivery of this Agreement to the Company shall be accompanied by
      payment, to the Escrow Agent, for the Units subscribed for hereunder, payable
      in
      United States dollars, by check made payable to the order of “American National
      Bank, as Escrow Agent for G8Wave, Inc.,” at
      3033
      East First Avenue, Denver, Colorado 80206-5698, Attn: Sandra Richelmy
or
      by
      wire transfer of immediately available funds to the Escrow Account delivered
      contemporaneously with the undersigned’s delivery of this Agreement to the
      Company. The undersigned understands and agrees that, subject to Section 2
      and
      applicable laws, by executing this Agreement, he, she or it is entering into
      a
      binding agreement.

    

    2.
       Acceptance,
      Offering Term and Closing Procedures

    

    (a)
       Acceptance
      or Rejection.
      The
      obligation of the undersigned to purchase the Units shall, subject to the
      reconfirmation process, be irrevocable, and the undersigned shall be legally
      bound to purchase the Units subject to the terms set forth in this Agreement.
      The undersigned understands and agrees that the Company reserves the right
      to
      reject this subscription for the Units in whole or part in any order at any
      time
      prior to the Closing if, in its reasonable judgment, it deems such action to
      be
      in the best interest of the Company, notwithstanding the undersigned’s prior
      receipt of notice of acceptance of the undersigned’s subscription. In the event
      of rejection of this subscription by the Company in accordance with this Section
      2, or the sale of the Units is not consummated by the Company for any reason,
      this Agreement and any other agreement entered into between the undersigned
      and
      the Company relating to this subscription shall thereafter have no force or
      effect, and the Company shall promptly return or cause to be returned to the
      undersigned the purchase price remitted to the Escrow Agent, without interest
      thereon or deduction therefrom.

     

    
      
        
        

      

      
        A-2

        
          

        

      

      
        
        

      

    

    

    (b)
       Offering
      Term.
      The
      subscription period for the Offering will begin as of April 18, 2007 and will
      terminate upon the occurrence of the earlier of (a) the August 18, 2007, unless
      extended by the Company for up to 60 additional days, (ii) the Company’s
      acceptance of subscriptions for 200 Units and the receipt of payment therefor
      and (iii) the closing of the Merger (the “Termination
      Date”).
      If
      the Company elects to extend the Offering period beyond August 18, 2007 and
      subscriptions of at least $2,000,000 of Units are not received and accepted
      by
      the Company by such date, the Company shall provide all prospective subscribers
      notice of its intention to so extend the offer and provide such subscribers
      with
      the opportunity to have all of such subscriber’s funds on deposit with the
      Escrow Agent returned, without interest or deduction.
      

    

    (c)  Closing.
      The
      Closing shall take place at the offices of the Escrow Agent or such other place
      as determined by the Company.

    

    3.
       Investor’s
      Representations and Warranties

    

    The
      undersigned hereby acknowledges, agrees with and represents and warrants to
      the
      Company, as follows:

    

    (a)
       The
      undersigned has full power and authority to enter into and deliver this
      Agreement and to perform the obligations hereunder, and the execution, delivery
      and performance of this Agreement has been duly authorized, if applicable,
      and
      this Agreement constitutes a valid and legally binding obligation of the
      undersigned.

    

    (b)
       The
      undersigned acknowledges his, her or its understanding that the offering and
      sale of the Shares and Warrants comprising the Units is intended to be exempt
      from registration under the Securities Act of 1933, as amended (the
“Securities
      Act”),
      by
      virtue of Section 4(2) of the Securities Act and the provisions of Regulation
      D
      promulgated thereunder (“Regulation
      D”).
      In
      furtherance thereof, the undersigned represents and warrants to the Company
      as
      follows:

    

    (i)
       The
      undersigned realizes that the basis for the exemption from registration may
      not
      be available if, notwithstanding the undersigned’s representations contained
      herein, the undersigned is merely acquiring the Shares and the Warrants
      comprising the Units for a fixed or determinable period in the future, or for
      a
      market rise, or for sale if the market does not rise. The undersigned does
      not
      have any such intention.

    

    (ii)
       The
      undersigned is acquiring the Shares and the Warrants comprising the Units solely
      for the undersigned’s own beneficial account, for investment purposes, and not
      with view to, or resale in connection with, any distribution of the Shares
      or
      the Warrants.

    

    (iii)
       The
      undersigned has the financial ability to bear the economic risk of his, her
      or
      its investment, has adequate means for providing for its current needs and
      contingencies, and has no need for liquidity with respect to the investment
      in
      the Company.

    

    (iv)
       The
      undersigned and the undersigned’s attorney, accountant, purchaser representative
      and/or tax advisor, if any (collectively, “Advisors”),
      have
      received the Confidential Private Placement Memorandum, dated April 18, 2007,
      together with all appendices thereto (as such documents may be amended or
      supplemented, the “Memorandum”),
      relating to the private placement by the Company of the Units, and all other
      documents requested by the undersigned or Advisors, if any, have carefully
      reviewed them and understand the information contained therein, prior to the
      execution of this Agreement.

    

    (v)
       The
      undersigned (together with his, her or its Advisors, if any) has such knowledge
      and experience in financial and business matters as to be capable of evaluating
      the merits and risks of the prospective investment in the Units. If other than
      an individual, the undersigned also represents it has not been organized solely
      for the purpose of acquiring the Units.

     

    
      
        
        

      

      
        A-3

        
          

        

      

      
        
        

      

    

    

    (c) The
      information in the Investor Questionnaire completed and executed by the
      undersigned (the “Investor
      Questionnaire”)
      is
      true and accurate in all respects, and the undersigned is an “accredited
      investor,” as that term is defined in Rule 501(a) of Regulation D.

    

    (d) 
      The
      undersigned is not relying on the Company or its affiliates or agents with
      respect to economic considerations involved in this investment. The undersigned
      has relied on the advice of, or has consulted with, only his, her or its
      Advisors. Each Advisor, if any, is capable of evaluating the merits and risks
      of
      an investment in the Units as such are described in the Memorandum, and each
      Advisor, if any, has disclosed to the undersigned in writing (a copy of which
      is
      annexed to this Agreement) the specific details of any and all past, present
      or
      future relationships, actual or contemplated, between the Advisor and the
      placement agent, if any, or any affiliate or sub-agent thereof. 

    

    (e) The
      undersigned represents, warrants and agrees that he, she or it will not sell
      or
      otherwise transfer the Shares or the Warrants comprising the Units without
      registration under the Securities Act or an exemption therefrom, and fully
      understands and agrees that the undersigned must bear the economic risk of
      his,
      her or its purchase because, among other reasons, the Shares and the Warrants
      comprising the Units have not been registered under the Securities Act or under
      the securities laws of any state and, therefore, cannot be resold, pledged,
      assigned or otherwise disposed of unless they are subsequently registered under
      the Securities Act and under the applicable securities laws of such states,
      or
      an exemption from such registration is available. In particular, the undersigned
      is aware that the Shares and the Warrants comprising the Units are “restricted
      securities,” as such term is defined in Rule 144 promulgated under the
      Securities Act (“Rule
      144”),
      and
      they may not be sold pursuant to Rule 144 unless all of the conditions of Rule
      144 are met. The undersigned also understands that, except as otherwise provided
      in Section 5 hereof, the Company is under no obligation to register the Shares
      or the Warrants comprising the Units on his, her or its behalf or to assist
      them
      in complying with any exemption from registration under the Securities Act
      or
      applicable state securities laws. The undersigned understands that any sales
      or
      transfers of the Shares or the Warrants comprising the Units are further
      restricted by state securities laws and the provisions of this
      Agreement.

    

    (f) No
      representations or warranties have been made to the undersigned by the Company
      or G8Wave, or any of their respective officers, employees, agents, sub-agents,
      affiliates or subsidiaries, other than any representations of the Company
      contained herein and in the Memorandum, and in subscribing for the Units the
      undersigned is not relying upon any representations other than those contained
      herein or in the Memorandum.

    

    (g) The
      undersigned understands and acknowledges that his, her or its purchase of the
      Units is a speculative investment that involves a high degree of risk and the
      potential loss of the undersigned’s entire investment and has carefully read and
      considered the matters set forth in the Memorandum and in particular the matters
      under the caption “Risk Factors” therein, and, in particular, acknowledges that
      the Company has a limited operating history and is engaged in a highly
      competitive business.

    

    (h) The
      undersigned’s overall commitment to investments that are not readily marketable
      is not disproportionate to the undersigned’s net worth, and an investment in the
      Units will not cause such overall commitment to become excessive.

    

    (i) The
      undersigned understands and agrees that the certificates for the Shares and
      Warrants shall bear substantially the following legend until (i) such Shares
      shall have been registered under the Securities Act and effectively disposed
      of
      in accordance with a registration statement that has been declared effective
      or
      (ii) in the opinion of counsel for the Company such Shares and Warrants may
      be
      sold without registration under the Securities Act, as well as any applicable
      “blue sky” or state securities laws:

    

    THE
      SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
      SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY APPLICABLE
      STATE SECURITIES LAWS. SUCH SECURITIES HAVE BEEN ACQUIRED FOR INVESTMENT
      PURPOSES AND MAY NOT BE OFFERED FOR SALE, SOLD, DELIVERED AFTER SALE,
      TRANSFERRED, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION
      STATEMENT FILED BY THE ISSUER WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION
      COVERING SUCH SECURITIES UNDER THE SECURITIES ACT OR AN OPINION OF COUNSEL
      SATISFACTORY TO THE ISSUER THAT SUCH REGISTRATION IS NOT REQUIRED.

     

    
      
        
        

      

      
        A-4

        
          

        

      

      
        
        

      

    

    

    (j)
       Neither
      the U.S. Securities and Exchange Commission (the “SEC”)
      nor
      any state securities commission has approved the Shares or the Warrants
      comprising Units or passed upon or endorsed the merits of the Offering or
      confirmed the accuracy or determined the adequacy of the Memorandum. The
      Memorandum has not been reviewed by any Federal, state or other regulatory
      authority. Any representation to the contrary is a crime.

    

    (l) The
      undersigned and his, her or its Advisors, if any, have had a reasonable
      opportunity to ask questions of and receive answers from a person or persons
      acting on behalf of the Company concerning the offering of the Units and the
      business, financial condition, results of operations and prospects of the
      Company, and all such questions have been answered to the full satisfaction
      of
      the undersigned and his, her or its Advisors, if any. 

    

    (m)
      The
      undersigned is unaware of, is in no way relying on, and did not become aware
      of
      the offering of the Units through or as a result of, any form of general
      solicitation or general advertising including, without limitation, any article,
      notice, advertisement or other communication published in any newspaper,
      magazine or similar media or broadcast over television or radio, or electronic
      mail over the Internet, in connection with the offering and sale of the Units
      and is not subscribing for Units and did not become aware of the offering of
      the
      Units through or as a result of any seminar or meeting to which the undersigned
      was invited by, or any solicitation of a subscription by, a person not
      previously known to the undersigned in connection with investments in securities
      generally.

    

    (n) The
      undersigned has taken no action which would give rise to any claim by any person
      for brokerage commissions, finders, fees or the like relating to this Agreement
      or the transactions contemplated hereby (other than commissions to be paid
      by
      the Company to the placement agent, if any, its sub-agents or as otherwise
      described in the Memorandum).

    

    (o) The
      undersigned is not relying on the Company, the placement agent, if any, or
      any
      of their respective employees, agents or sub-agents with respect to the legal,
      tax, economic and related considerations of an investment in the Units, and
      the
      undersigned has relied on the advice of, or has consulted with, only his, her
      or
      its own Advisors.

    

    (p) The
      undersigned acknowledges that any estimates or forward-looking statements or
      projections included in the Memorandum were prepared by the future management
      of
      the Company in good faith, but that the attainment of any such projections,
      estimates or forward-looking statements cannot be guaranteed by the Company
      or
      its management and should not be relied upon.

    

    (q) No
      oral
      or written representations have been made, or oral or written information
      furnished, to the undersigned or his, her or its Advisors, if any, in connection
      with the offering of the Units which are in any way inconsistent with the
      information contained in the Memorandum.

    

    (r) The
      undersigned’s substantive relationship with the placement agent, if any, or
      subagents through which the undersigned is subscribing for Units predates the
      placement agent’s or such sub-agents’ contact with the undersigned regarding an
      investment in the Units. 

    

    (s) (For
      ERISA plans only) The fiduciary of the ERISA plan (the “Plan”)
      represents that such fiduciary has been informed of an understands the Company’s
      investment objectives, policies and strategies, and that the decision to invest
      “plan assets” (as such term is defined in ERISA) in the Company is consistent
      with the provisions of ERISA that require diversification of plan assets and
      impose other fiduciary responsibilities. The subscriber or Plan fiduciary (a)
      is
      responsible for the decision to invest in the Company; (b) is independent of
      the
      Company and any of its affiliates; (c) is qualified to make such investment
      decision; and (d) in making such decision, the subscriber or Plan fiduciary
      has
      not relied primarily on any advice or recommendation of the Company or any
      of
      its affiliates or its agents.

    

    (t) The
      foregoing representations, warranties and agreements shall survive the
      Closing.

     

    
      
        
        

      

      
        A-5

        
          

        

      

      
        
        

      

    

    

    4.
       The
      Company’s Representations and Warranties

    

    The
      Company hereby acknowledges, agrees with and represents and warrants to each
      of
      the undersigned, as follows:

    

    (a) The
      Company has the corporate power and authority to execute and deliver this
      Agreement and to perform its obligations hereunder. This Agreement has been
      duly
      authorized, executed and delivered by the Company and is valid, binding and
      enforceable against the Company in accordance with its terms; except
      as
      enforcement may be limited by bankruptcy, insolvency, moratorium or similar
      laws
      or by legal or equitable principles relating to or limiting creditors’ rights
      generally or public policy as to the enforcement of certain provisions, such
      as
      indemnification provisions.

    

    (b) The
      Shares offered as part of the Units to be issued to the undersigned pursuant
      to
      this Agreement, when issued and delivered in accordance with the terms of this
      Agreement against payment of the purchase price therefor, will be duly and
      validly issued and will be fully paid and non-assessable.

    

    (c) Neither
      the execution and delivery nor the performance of this Agreement by the Company
      will conflict with the Company’s Certificate of Incorporation or bylaws, as
      amended to the date of Closing, or result in a breach of any terms or provisions
      of, or constitute a default under, any material contract, agreement or
      instrument to which the Company is a party or by which the Company is
      bound.

    

    (d) After
      giving effect to the transactions contemplated by this Agreement and immediately
      after the Closing, the Company will have the outstanding capital stock as
      described in the Memorandum.

    

    (e) The
      information contained in the Memorandum, as amended or supplemented, is true
      and
      correct in all material respects as of its date or the date of such amendment
      or
      supplement as applicable.

    

    5.
       Registration
      Rights

    

    (a) The
      Company shall prepare and file a registration statement (the “Registration
      Statement”)
      with
      the SEC covering the resale of the Shares and the shares of common stock
      underlying the Warrants (the “Warrant
      Shares”)
      by no
      later than 60 days after the closing of the Merger (the “Filing
      Deadline”).
      The
      Company shall use its best efforts to have the Registration Statement declared
      effective by the SEC within 180 days following the closing of the Merger, and
      agrees to use its commercially reasonable efforts to respond promptly to any
      SEC
      comments or questions regarding the Registration Statement. Subject to the
      other
      provisions contained herein, including but not limited to the Suspension Right
      below, the Company will maintain the effectiveness of the Registration Statement
      from the date of the effectiveness of the Registration Statement until 24 months
      after that date or
      until
      the Shares may be sold without registration pursuant to Rule 144, whichever
      is
      first to occur.

    

    In
      the
      event that the Company fails to file the Registration Statement within the
      Filing Deadline, each investor in the Offering will be issued that number of
      shares of Common Stock equal to 1% of the number of Shares purchased by such
      investor in the Offering, and an additional 1% at the end of each 30 day period
      thereafter, until the Company files such Registration Statement; provided,
      that
      such additional shares shall be capped at 10% of the number of shares purchased
      by each such investor in the Offering. In addition, if the Registration
      Statement is not declared effective by the SEC within 180 days after the closing
      of the Merger, each investor shall be issued that number of shares equal to
      1%
      of the number of shares purchased by such investor in the Offering, and an
      additional 1% at the end of each 30 day period thereafter, until such
      Registration Statement is declared effective; provided,
      that
      such additional shares (inclusive of the shares issued for a failure to meet
      the
      Filing Deadline) shall be capped at 10% of the number of shares purchased by
      each such investor in the Offering 

    

    (b) Notwithstanding
      any other provision of this Agreement or any related agreement to the contrary,
      the Company shall have the right, at any time, to suspend the effectiveness
      of
      the Registration Statement and offers and sales of the Shares
      pursuant
      thereto whenever, in the good faith judgment of the Company, (i) continuing
      such
      effectiveness or permitting such offers and sales could reasonably be expected
      to have an adverse effect upon a proposed sale of all or substantially all
      of
      the assets of the Company or a merger, acquisition, reorganization,
      recapitalization or similar current transaction materially affecting the
      capital, structure, or equity ownership of the Company, (ii) there exists a
      material development or a potential material development with respect to or
      involving the Company that the Company would be obligated to disclose in the
      prospectus used in connection with the Registration Statement, which disclosure,
      in the good faith judgment of the Company, after considering the advice of
      counsel, would be premature or otherwise inadvisable at such time, or (iii)
      the
      Registration Statement or related prospectus or any document incorporated or
      deemed to be incorporated therein by reference contains an untrue statement
      of a
      material fact or omits to state a material fact required to be stated therein
      or
      necessary to make the statements therein, in light of the circumstances, not
      misleading (a “Suspension
      Event”).
      In the
      event that the Company shall determine to so suspend the effectiveness of the
      Registration Statement and offers and sales of the Shares pursuant thereto,
      the
      Company shall, in addition to performing those acts required to be performed
      under the Securities Act and/or the Exchange Act or deemed advisable by the
      Company, deliver to each subscriber written notice thereof, signed by the Chief
      Financial Officer or Chief Executive Officer of the Company. Upon receipt of
      such notice, the subscriber shall discontinue disposition of the Shares until
      such subscribers (x) are advised in writing by the Company that the use of
      the
      Registration Statement and prospectus (and offers and sales thereunder) may
      be
      resumed, (y) have received copies of a supplemental or amended prospectus,
      if
      applicable, and (z) have received copies of any additional or supplemental
      filings which are incorporated or deemed to be incorporated by reference into
      such prospectus. The Company will exercise reasonable commercial efforts to
      ensure that the use of the Registration Statement and prospectus may be resumed
      as quickly as practicable. 

     

    
      
        
        

      

      
        A-6

        
          

        

      

      
        
        

      

    

    

    (c) The
      Company's right to suspend the effectiveness of the Registration Statement
      and
      the offers and sales of the Shares pursuant thereto, as described in clause
      (b)
      above, shall be for a period of time (the “Suspension
      Period”)
      beginning on the date of the occurrence of the Suspension Event and expiring
      on
      the earlier to occur of (i) the date on which the Suspension Event ceases,
      or
      (ii) sixty (60) days after the occurrence of the Suspension Event; provided,
      however, that there shall not be more than two Suspension Periods in any 12
      month period.

    

    (d) The
      Company shall notify the undersigned at any time when a prospectus relating
      thereto is required to be delivered under the Securities Act, upon discovery
      that, or upon the happening of any event as a result of which, the prospectus
      included in such registration statement, as then in effect, includes an untrue
      statement of a material fact or omits to state any material fact required to
      be
      stated therein or necessary to make the statements therein not misleading in
      light of the circumstances then existing. At the request of the undersigned,
      the
      Company shall also prepare, file and furnish to the undersigned a reasonable
      number of copies of a supplement to or an amendment of such prospectus as may
      be
      necessary so that, as thereafter delivered to the purchasers of such Shares,
      such prospectus shall not include an untrue statement of a material fact or
      omit
      to state a material fact required to be stated therein or necessary to make
      the
      statements therein not misleading in light of the circumstances then existing.
      The undersigned agrees not to offer or sell any Shares covered by the
      Registration Statement after receipt of such notification until the receipt
      of
      such supplement or amendment.

    

    (e) The
      Company may request the undersigned to furnish the Company such information
      with
      respect to the undersigned and the undersigned’s proposed distribution of the
      Shares pursuant to the Registration Statement as the Company may from time
      to
      time reasonably request in writing or as shall be required by law or by the
      SEC
      in connection therewith, and the undersigned agrees to promptly furnish the
      Company with such information.

    

    (e) Each
      of
      the Company and the Subscriber shall indemnify the other party hereto and their
      respective officers, directors, employees, affiliates and agents against all
      claims, losses, damages and liabilities (or actions in respect thereof) arising
      out of or based on any untrue statement (or alleged untrue statement) by the
      indemnifying party of a material fact contained in any prospectus or other
      document (including any related registration statement, notification or the
      like) incident to any registration of the type described in this Section 5,
      or
      any omission (or alleged omission) by the indemnifying party to state in any
      such document a material fact required to be stated therein or necessary to
      make
      the statements therein not misleading, and shall reimburse such indemnified
      party for any legal and any other expenses reasonably incurred in connection
      with investigating and defending any such claim, loss, damage, liability or
      action; provided
      that no
      party will be eligible for indemnification hereunder to the extent that any
      such
      claim, loss, damage, liability or expense arises out of or is based on any
      untrue statement or omission based upon written information furnished or
      required to be furnished by such party for use in connection with such
      registration.

    

    (f) [Reserved]

     

    
      
        
        

      

      
        A-7

        
          

        

      

      
        
        

      

    

     

    (g)
      The
      subscriber agrees not to make any public announcement or issue any press release
      or otherwise publicly disseminate any information about the subject matter
      of
      this Agreement or the Offering or Merger. Except as provided herein, the Company
      shall have the right to make such public announcements and shall control, in
      its
      sole and absolute discretion, the timing, form and content of all press releases
      or other public communications of any sort relating to the subject matter of
      this Agreement and the Offering and Merger, and the method of their release,
      or
      publication thereof. 

    

    The
      subscriber agrees that no portion of the Confidential Information (as defined
      below) shall be disclosed to third parties, except as may be required by law,
      without the prior express written consent of the Company; provided,
      that
      the subscriber may share such information with such of its officers and
      professional advisors as may need to know such information to assist the
      subscriber in its evaluation thereof on the condition that such parties agree
      to
      be bound by the terms hereof. “Confidential
      Information”
means
      the existence and terms of this Agreement, the transactions contemplated hereby,
      and the disclosures and other information contained herein or in the Memorandum,
      excluding any disclosures or other information that are publicly available.
      

     

    6.
       Insider
      Trading Prohibition; Indemnity; Escrow Release

    

    (a) Until
      the
      filing by the Company of a current report on Form 8-K with the SEC describing
      the Merger (as such term is defined in the Memorandum) and the Offering, the
      undersigned hereby agrees to (i) refrain from (A) engaging in any transactions
      with respect to the capital stock of the Company or securities exercisable
      or
      convertible into or exchangeable for any shares of capital stock of the Company,
      and (B) entering into any transaction which would have the same effect, or
      entering into any swap, hedge or other arrangement that transfers, in whole
      or
      in part, any of the economic consequences of ownership of the capital stock
      of
      the Company and (ii) indemnify and hold harmless the Company, the placement
      agent, if any, and their respective officers and directors, employees, agents,
      sub-agents and affiliates and each other person, if any, who controls any of
      the
      foregoing, against any loss, liability, claim, damage and expense whatsoever
      (including, but not limited to, any and all expenses whatsoever reasonably
      incurred in investigating, preparing or defending against any litigation
      commenced or threatened or any claim whatsoever) arising out of or based upon
      any violation of this Section 6 by the undersigned.

    

    (b)
      The
      undersigned agrees to indemnify and hold harmless the Company, the placement
      agent, if, the Escrow Agent and their respective officers and directors,
      employees, agents, sub-agents and affiliates and each other person, if any,
      who
      controls any of the foregoing, against any loss, liability, claim, damage and
      expense whatsoever (including, but not limited to, any and all expenses
      whatsoever reasonably incurred in investigating, preparing or defending against
      any litigation commenced or threatened or any claim whatsoever) arising out
      of
      or based upon any false representation or warranty by the undersigned, or the
      undersigned’s breach of, or failure to comply with, any covenant or agreement
      made by the undersigned herein or in any other document furnished by the
      undersigned to the Company, the placement agent, if any, the Escrow Agent and
      their respective officers and directors, employees, agents, sub-agents and
      affiliates and each other person, if any, who controls any of the foregoing
      in
      connection with the Offering.

    

    (c)
      The
      subscriber acknowledges that the placement agent, if any, may act on behalf
      of
      the subscribers, solely for the sake of convenience, in connection with
      confirmation to the Escrow Agent that the Closing has occurred and thereby
      direct the Escrow Agent to disburse the subscription funds held in escrow to
      the
      Company at such time. In doing so, however, the placement agent makes no
      representation or warranty to the subscribers as to the satisfaction of all
      conditions precedent to the closing or with respect to any due diligence
      investigations concerning the Company, all of which shall be and remain the
      subscriber’s own responsibility.

     

    7.
       Conditions
      to Acceptance of Subscription

    

    The
      Company’s right to accept the subscription of the undersigned is conditioned
      upon satisfaction of the following conditions precedent on or before the date
      the Company accepts such subscription (any or all of which may be waived by
      the
      undersigned in his, her or its sole discretion):

     

    
      
        
        

      

      
        A-8

        
          

        

      

      
        
        

      

    

    

    (a) On
      the
      date of Closing, no legal action, suit or proceeding shall be pending which
      seeks to restrain or prohibit the transactions contemplated by this
      Agreement.

    

    (b) The
      closing of the Merger (as such term is defined in the Memorandum) shall occur
      concurrently with or prior to the acceptance of this subscription.

    

    (c) The
      Company that will acquire by merger the business of G8Wave shall have expressly
      assumed this Agreement and the other subscription documents in the Offering
      and
      shall have indicated such assumption by executing and delivering a counterpart
      of this executed Agreement and the other subscription documents.

    

    (d) The
      representations and warranties of the Company contained in this Agreement shall
      have been true and correct on the date of this Agreement and shall be true
      and
      correct on the Closing as if made on the Closing.

    

    8.
       Notices
      to Subscribers

    

    (a) THE
      SHARES AND WARRANTS HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OR THE
      SECURITIES LAWS OF ANY STATE AND ARE BEING OFFERED AND SOLD IN RELIANCE ON
      EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND SUCH
      LAWS. THE SHARES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SEC, ANY STATE
      SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY, NOR HAVE ANY OF THE
      FOREGOING AUTHORITIES PASSED UPON OR ENDORSED THE MERITS OF THIS OFFERING OR
      THE
      ACCURACY OR ADEQUACY OF THE MEMORANDUM. ANY REPRESENTATION TO THE CONTRARY
      IS
      UNLAWFUL.

    

    (b) THE
      SHARES AND WARRANTS ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE
      AND MAY NOT BE TRANSFERRED OR RESOLD EXCEPT AS PERMITTED UNDER THE SECURITIES
      ACT, AND APPLICABLE STATE SECURITIES LAWS, PURSUANT TO REGISTRATION OR EXEMPTION
      THEREFROM. SUBSCRIBERS SHOULD BE AWARE THAT THEY MAY BE REQUIRED TO BEAR THE
      FINANCIAL RISKS OF THIS INVESTMENT FOR AN INDEFINITE PERIOD OF
      TIME.

    

    (c)
      THE
      SALE
      OF THE SECURITIES THAT ARE THE SUBJECT OF THIS OFFERING HAS NOT BEEN QUALIFIED
      WITH THE COMMISSIONER OF CORPORATIONS OF THE STATE OF CALIFORNIA AND THE
      ISSUANCE OF SUCH SECURITIES OR THE PAYMENT OR RECEIPT OF ANY PART OF THE
      CONSIDERATION FOR SUCH SECURITIES PRIOR TO SUCH QUALIFICATION IS UNLAWFUL,
      UNLESS THE SALE OF THE SECURITIES IS EXEMPT FROM QUALIFICATION BY SECTION 25000,
      25102 OR 25105 OF THE CALIFORNIA CORPORATIONS CODE. THE RIGHTS OF ALL PARTIES
      ARE EXPRESSLY CONDITIONED UPON SUCH QUALIFICATION BEING OBTAINED, UNLESS THE
      SALE IS SO EXEMPT.

    

    9. 
      Miscellaneous Provisions

    

    (a)
       Modification.
      Neither
      this Agreement, nor any provisions hereof, shall be waived, modified, discharged
      or terminated except by an instrument in writing signed by the party against
      whom any waiver, modification, discharge or termination is sought.

    

    (b) Survival.
      The
      undersigned’s representations and warranties made in this Subscription Agreement
      shall survive the execution and delivery of this Agreement and the delivery
      of
      the Units.

    

    (c)
       Notices.
      Any
      party may send any notice, request, demand, claim or other communication
      hereunder to the undersigned at the address set forth on the signature page
      of
      this Agreement or to the Company at the address set forth above using any means
      (including personal delivery, expedited courier, messenger service, fax,
      ordinary mail or electronic mail), but no such notice, request, demand, claim
      or
      other communication will be deemed to have been duly given unless and until
      it
      actually is received by the intended recipient. Any party may change the address
      to which notices, requests, demands, claims and other communications hereunder
      are to be delivered by giving the other parties written notice in the manner
      herein set forth.

     

    
      
        
        

      

      
        A-9

        
          

        

      

      
        
        

      

    

    

    (d) Binding
      Effect.
      Except
      as otherwise provided herein, this Agreement shall be binding upon, and inure
      to
      the benefit of, the parties to this Agreement and their heirs, executors,
      administrators, successors, legal representatives and permitted assigns. If
      the
      undersigned is more than one person or entity, the obligation of the undersigned
      shall be joint and several and the agreements, representations, warranties
      and
      acknowledgments contained herein shall be deemed to be made by, and be binding
      upon, each such person or entity and his or its heirs, executors,
      administrators, successors, legal representatives and permitted assigns. This
      Agreement sets forth the entire agreement and understanding between the parties
      as to the subject matter thereof and merges and supersedes all prior
      discussions, agreements and understandings of any and every nature among them,
      as to the subject matter hereof.

    

    (e) Assignability.
      This
      Agreement is not transferable or assignable by the undersigned.

    

    (f) Governing
      Law.
      This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of Delaware, without giving effect to conflicts of law
      principles.

    

    (g) Counterparts.
      This
      Agreement may be executed in two or more counterparts, each of which shall
      be
      deemed an original, but all of which together shall constitute one and the
      same
      instrument.

    

       (h) Further
      Assurances.
      Each of
      the parties shall execute such documents and perform such further acts
      (including, without limitation, obtaining any consents, exemptions,
      authorizations, or other actions by, or giving
      any notices to, or making any filings with, any governmental authority or any
      other person) as may be reasonably required or desirable to carry out or to
      perform the provisions of this Agreement.

    

       (i) Severability.
      If any
      one or more of the provisions contained herein, or the application thereof
      in
      any circumstance, is held invalid, illegal or unenforceable in any respect
      for
      any reason, the validity, legality and enforceability of any such provision
      in
      every other respect and of the remaining provisions hereof shall not be in
      any
      way impaired, unless the provisions held invalid, illegal or unenforceable
      shall
      substantially impair the benefits of the remaining provisions
      hereof.

    

    ANTI-MONEY
      LAUNDERING REQUIREMENTS

    

    
      	
               

              The
                USA PATRIOT Act

            	 	
               

              What
                is money laundering?

            	 	
              How
                big is the problem and why is it important?

            
	
              The
                USA PATRIOT Act is designed to detect, deter, and punish terrorists
                in the
                United States and abroad. The Act imposes new anti-money laundering
                requirements on brokerage firms and financial institutions. Since
                April
                24, 2002, all brokerage firms have been required to have new,
                comprehensive anti-money laundering programs.

              To
                help you understand theses efforts, we want to provide you with some
                information about money laundering and our steps to implement the
                USA
                PATRIOT Act.

            	 	
              Money
                laundering is the process of disguising illegally obtained money
                so that
                the funds appear to come from legitimate sources or activities. Money
                laundering occurs in connection with a wide variety of crimes, including
                illegal arms sales, drug trafficking, robbery, fraud, racketeering,
                and
                terrorism.

            	 	
              The
                use of the U.S. financial system by criminals to facilitate terrorism
                or
                other crimes could taint our financial markets. According to the
                U.S.
                State Department, one recent estimate puts the amount of worldwide
                money
                laundering activity at $1 trillion a
                year.

            

    

     

    
      
        
        

      

      
        A-10

        
          

        

      

      
        
        

      

       

    

    
      	
              What
                are we required to do to eliminate money
                laundering?

            
	
              Under
                new rules required by the USA PATRIOT Act, our anti-money laundering
                program must designate a special compliance officer, set up employee
                training, conduct independent audits, and establish policies and
                procedures to detect and report suspicious transactions and ensure
                compliance with the new laws.

            	 	
              As
                part of our required program, we may ask you to provide various
                identification documents or other information. Until you provide
                the
                information or documents we need, we may not be able to effect any
                transactions for you.

            

    

    

    ALL
      SUBSCRIBERS MUST COMPLETE THIS PAGE

     

    1.  IN
      WITNESS WHEREOF, the undersigned has executed this Agreement on the ____ day
      of
      ____________ 2006.

    

    
      	
              ________________________

            	
              x
                $25,000 for each Unit

            	
              =
                $_____________________.

            
	
              Units
                subscribed for

            	 	
              Aggregate
                Purchase Price

            

    

     

    Manner
      in
      which Title is to be held (Please Check One):

    

    
      	
              1.

            	
              ___

            	
              Individual

            	
              7.

            	
              ___

            	
              Trust/Estate/Pension
                or Profit sharing Plan

              Date
                Opened:______________

            
	
              2.

            	
              ___

            	
              Joint
                Tenants with Right of Survivorship

            	
              8.

            	
              ___

            	
              As
                a Custodian for

              ________________________________

              Under
                the Uniform Gift to Minors Act of the State of

              ________________________________

            
	
              3.

            	
              ___

            	
              Community
                Property

            	
              9.

            	
              ___

            	
              Married
                with Separate Property

            
	
              4.

            	
              ___

            	
              Tenants
                in Common

            	
              10.

            	
              ___

            	
              Keogh

            
	
              5.

            	
              ___

            	
              Corporation/Partnership/
                Limited Liability Company

            	
              11.

            	
              ___

            	
              Tenants
                by the Entirety

            
	
              6.

            	
              ___

            	
              IRA

            	 	 	 

    

    

    
      
        
        

      

      
        A-11

        
          

        

      

      
        
        

      

    

     

    IF
      MORE
      THAN ONE SUBSCRIBER, EACH SUBSCRIBER MUST SIGN.

    INDIVIDUAL
      SUBSCRIBERS MUST COMPLETE PAGE 11.

    SUBSCRIBERS
      WHICH ARE ENTITIES MUST COMPLETE PAGE 12.

     

    EXECUTION
      BY NATURAL PERSONS

     

    
      	
              _____________________________________________________________________________

              Exact
                Name in Which Title is to be Held

            
	 	 	 
	
              _________________________________

               Name
                (Please Print)

            	 	
              _________________________________

               Name
                of Additional Purchaser

            
	 	 	 
	
              _________________________________

               Residence:
                Number and Street

            	 	
              _________________________________

               Address
                of Additional Purchaser

            
	 	 	 
	
              _________________________________

               City,
                State and Zip Code

            	 	
              _________________________________

               City,
                State and Zip Code

            
	 	 	 
	
              _________________________________

               Social
                Security Number

            	 	
              _________________________________

               
                Social Security Number

            
	 	 	 
	
              _________________________________
                

              Telephone
                Number 

            	 	
              _________________________________

              Telephone
                Number

            
	 	 	 
	
              _________________________________
                

              Fax
                Number (if available)

            	 	
              ________________________________

              Fax
                Number (if available)

            
	 	 	 
	
              _________________________________
                

              E-Mail
                (if available) 

            	 	
              ________________________________
                

              E-Mail
                (if available)

            
	 	 	 
	
              __________________________________

               (Signature)

            	 	
              ________________________________

               (Signature
                of Additional Purchaser)

            
	 	 	 
	
               

              ACCEPTED
                this ___ day of _________ 2007, on behalf of the
                Company.

            
	 	
               

               

               

              By: _________________________________

              Name:

              Title:

            
	 	 

    

    

    
      
        
        

      

      
        A-12

        
          

        

      

      
        
        

      

    

    EXECUTION
      BY SUBSCRIBER WHICH IS AN ENTITY

    (Corporation,
      Partnership, LLC, Trust, Etc.)

    

    
      	
              _____________________________________________________________________________

              Name
                of Entity (Please Print)

            
	 
	
              Date
                of Incorporation or Organization:
                ____________________________________________

            
	 
	
              State
                of Principal Office:
                _______________________________________________________

            
	 
	
              Federal
                Taxpayer Identification Number: 
                ___________________________________________

               

              ____________________________________________

              Office
                Address

               

              ____________________________________________

              City,
                State and Zip Code

               

              ____________________________________________

              Telephone
                Number

               

              ____________________________________________

              Fax
                Number (if available)

               

              ____________________________________________

              E-Mail
                (if available)

            
	 	 
	 	
              By:
                _________________________________

              Name:

              Title:

            
	
              [seal]

               

              Attest:
                _________________________________

                           
                    (If
                Entity is a Corporation)

            	
               

              _________________________________

               

              _________________________________

              Address

            
	 	 
	
              ACCEPTED
                this ____ day of __________ 2007, on behalf of the
                Company.

            
	 	
               

               

               

              By:
                _________________________________

              Name:

              Title:

            

    

     

    
      
        
        

      

      
        A-13

        
          

        

      

      
        
        

      

    

     

    INVESTOR
      QUESTIONNAIRE

     

    Instructions:
      Check all boxes below which correctly describe you.

     

    
      	o	
              You
                are (i)
                a
                bank, as defined in Section 3(a)(2) of the Securities Act of 1933,
                as
                amended (the “Securities
                Act”),
                (ii)
                a
                savings and loan association or other institution, as defined in
                Section
                3(a)(5)(A) of the Securities Act, whether acting in an individual
                or
                fiduciary capacity, (iii)
                a
                broker or dealer registered pursuant to Section 15 of the Securities
                Exchange Act of 1934, as amended (the “Exchange
                Act”),
                (iv)
                an insurance company as defined in Section 2(13) of the Securities
                Act,
                (v)
                an investment company registered under the Investment Company Act
                of 1940,
                as amended (the “Investment
                Company Act”),
                (vi)
                a
                business development company as defined in Section 2(a)(48) of the
                Investment Company Act, (vii)
                a
                Small Business Investment Company licensed by the U.S. Small Business
                Administration under Section 301 (c) or (d) of the Small Business
                Investment Act of 1958, as amended, (viii)
                a
                plan established and maintained by a state, its political subdivisions,
                or
                an agency or instrumentality of a state or its political subdivisions,
                for
                the benefit of its employees and you have total assets in excess
                of
                $5,000,000, or (ix)
                an employee benefit plan within the meaning of the Employee Retirement
                Income Security Act of 1974, as amended (“ERISA”)
                and (1)
                the decision that you shall subscribe for and purchase Units of the
                Company (each Unit comprised of 16,666 shares of the Company's Common
                Stock (the “Common
                Stock”
                or the “Shares”)
                and a Warrant to purchase 8,333 shares of Common Stock, the “Units”), is
                made by a plan fiduciary, as defined in Section 3(21) of ERISA, which
                is
                either a bank, savings and loan association, insurance company, or
                registered investment adviser, (2) you have total assets in excess
                of
                $5,000,000 and the decision that you shall subscribe for and purchase
                the
                Units is made solely by persons or entities that are accredited investors,
                as defined in Rule 501 of Regulation D promulgated under the Securities
                Act (“Regulation
                D”)
                or (3)
                you are a self-directed plan and the decision that you shall subscribe
                for
                and purchase the Units is made solely by persons or entities that
                are
                accredited investors.

            

    

     

    
      	o	
              You
                are a private business development company as defined in Section
                202(a)(22) of the Investment Advisers Act of 1940, as
                amended.

            

    

     

    
      	o	
              You
                are an organization described in Section 501(c)(3) of the Internal
                Revenue
                Code of 1986, as amended (the “Code”),
                a corporation, Massachusetts or similar business trust or a partnership,
                in each case not formed for the specific purpose of making an investment
                in the Units and with total assets in excess of
                $5,000,000.

            

    

     

    
      	o	
              You
                are a director or executive officer of the
                Company.

            

    

     

    
      	o	
              You
                are a natural person whose individual net worth, or joint net worth
                with
                your spouse, exceeds $1,000,000 at the time of your subscription
                for and
                purchase of the Units.

            

    

     

    
      	o	
              You
                are a natural person who had an individual income in excess of $200,000
                in
                each of the two most recent years or joint income with your spouse
                in
                excess of $300,000 in each of the two most recent years, and who
                has a
                reasonable expectation of reaching the same income level in the current
                year.

            

    

     

    
      	o	
              You
                are a trust, with total assets in excess of $5,000,000, not formed
                for the
                specific purpose of acquiring the Units, whose subscription for and
                purchase of the Units is directed by a sophisticated person as described
                in Rule 506(b)(2)(ii) of Regulation
                D.

            

    

     

    
      	o	
              You
                are an entity in which all of the equity owners are persons or entities
                described in one of the preceding
                paragraphs.

            

    

     

    
      
        
        

      

      
        A-14

        
          

        

      

      
        
        

      

    

    The
      undersigned hereby represents and warrants that all of its answers to this
      Investor Questionnaire are true as of the date of its execution of the
      Subscription Agreement pursuant to which it purchased Units of the
      Company.

     

    
      	  
              	 	 	  
              
	Name
              of Purchaser
              [please print]	 	 	Name
              of
              Co-Purchaser [please print]
	 	 	 	 
	 
              	 	 	 
              
	
              Signature
                of Purchaser (Entities please

              provide
                signature of Purchaser’s duly

              authorized
                signatory.)

            	 	 	
              Signature
                of Co-Purchaser

            
	 	 	 	 
	   	 	 	 
	Name of Signatory (Entities only)	 	 	 
	 	 	 	 
	   	 	 	 
	Title of Signatory (Entities only)	 	 	 
	 	 	 	 
	 	 	 	 
	Address for Notices:	 	 	 
	   	 	 	 
	   	 	 	 
	   	 	 	 
	 	 	 	 

    

     

    
      
        
        

      

      
        A-15

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