Document:

EXHIBIT
      4.1

    

    THIS
      WARRANT AND THE SHARES ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE NOT BEEN
      REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), NOR UNDER
      ANY STATE SECURITIES LAW AND MAY NOT BE SOLD, ASSIGNED, HYPOTHECATED OR
      OTHERWISE TRANSFERRED UNTIL (1) A REGISTRATION STATEMENT WITH RESPECT THERETO
      IS
      EFFECTIVE UNDER THE ACT AND ANY APPLICABLE STATE SECURITIES LAW OR (2) THE
      COMPANY RECEIVES AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY
      THAT SUCH NOTE MAY BE SOLD, ASSIGNED, HYPOTHECATED OR TRANSFERRED WITHOUT AN
      EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT OR APPLICABLE STATE SECURITIES
      LAWS.

    

    ________________________________________

    

    SIMTROL,
      INC.

    2200
      Norcross Parkway, Suite 255

    Norcross,
      Georgia 30071

    

    STOCK
      PURCHASE WARRANT

    

    

    
      	Right
              to Purchase:	
              shares
                of common stock

            

    

    
      	Date:	
              March
                16, 2007

            

    

    

    THIS
      CERTIFIES THAT,
      for
      value received, (the “Holder”),
      is
      entitled to purchase from Simtrol,
      Inc., a
      Delaware corporation (the “Company”),
      at
      any time while this warrant is outstanding from March 16, 2007 until 5:00 p.m.
      (ET) on March 15, 2010, fully paid and nonassessable shares of the Company’s
      common stock, par value $0.001 per share (“Common
      Stock”),
      at an
      exercise price of $0.375 per share, as adjusted.

    

    1.    The
      Company is issuing this Warrant to the Holder pursuant to a Subscription
      Agreement under a confidential private placement. This Warrant constitutes
      part
      of a unit subscribed to by the Holder in the Subscription Agreement.

    

    2.    (a) To
      exercise this Warrant or any part of this Warrant, the Holder must deliver
      to
      the Company (collectively, the “Exercise
      Documentation”):
      (i) a
      completed exercise agreement a form of which is attached; (ii) this Warrant;
      and
      (iii) a check payable to the Company or a wire transfer in an amount equal
      to
      the product of the exercise price and the number of shares the Holder desires
      to
      purchase. The Company will, without charge, issue certificates for shares of
      Common Stock purchased upon exercise of this Warrant within five (5) business
      days after receipt of the Exercise Documentation. Unless this Warrant has
      expired, or all of the purchase rights represented by this Warrant have been
      exercised, the Company will also prepare and deliver to the Holder a new
      Warrant, substantially identical to this Warrant, representing the rights
      formerly represented by this Warrant which have not expired or been exercised.
      

     

    (b)    Expiration/Redemption.
      If, at
      any time while this Warrant is outstanding and the Company has an effective
      registration statement covering the common shares underlying this Warrant,
      the
      Common Stock is then listed or quoted on a Trading Market and the closing bid
      price of the Common Stock is equal to or greater than $2.00 for 20 consecutive
      trading days (excluding any weekend days or recognized market holidays) and
      the
      average trading volume of the Common Stock (defined as trading volume in shares
      multiplied by the daily closing price of the stock) is equal to or greater
      than
      $150,000, the Company may call the warrant at a redemption price of $0.01 per
      warrant. The Company will notify Holder in writing twenty (20) days prior to
      the
      Redemption Date.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    3.    The
      Company will at all times reserve and keep available for issuance upon the
      exercise of this Warrant such number of its authorized but unissued shares
      of
      Common Stock as will be sufficient to permit the exercise in full of this
      Warrant, and upon such issuance such shares of Common Stock will be validly
      issued, fully paid and nonassessable.

    

    4.    This
      Warrant does not and will not entitle the Holder to any voting rights or other
      rights as a stockholder of the Company. 

    

    5.    Certain
      Adjustments.
      

    

    (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, (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 shares purchasable
      upon
      exercise of this Warrant immediately prior thereto shall be adjusted so that
      the
      Holder shall be entitled to receive the kind and number of shares or other
      securities of the Company which it would have owned or have been entitled to
      receive had such Warrant been exercised in advance thereof. Upon
      each
      such adjustment of the kind and number of shares or other securities of the
      Company which are purchasable hereunder, the Holder shall thereafter be entitled
      to purchase the number of shares or other securities resulting from such
      adjustment at an exercise price per share or other security obtained by
      multiplying the exercise price in effect immediately prior to such adjustment
      by
      the number of shares purchasable pursuant hereto immediately prior to such
      adjustment and dividing by the number of 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) Pro
      Rata
      Distributions. If the Company, at any time prior to the termination date of
      this
      Warrant, shall distribute to all holders of Common Stock (and not to Holders
      of
      the Warrants) evidences of its indebtedness or assets or rights or warrants
      to
      subscribe for or purchase any security other than the Common Stock (which shall
      be subject to the above section), then in each such case the exercise price
      of
      this Warrant shall be adjusted by multiplying the exercise price in effect
      immediately prior to the record date fixed for determination of stockholders
      entitled to receive such distribution by a fraction of which the denominator
      shall be the closing bid price determined as of the record date mentioned above,
      and of which the numerator shall be such closing bid price on such record date
      less the then per share fair market value at such record date of the portion
      of
      such assets or evidence of indebtedness so distributed applicable to one
      outstanding share of the Common Stock as determined by the Board of Directors
      in
      good faith. In either case the adjustments shall be described in a statement
      provided to the Holders of the portion of assets or evidences of indebtedness
      so
      distributed or such subscription rights applicable to one share of Common Stock.
      Such adjustment shall be made whenever any such distribution is made and shall
      become effective immediately after the record date mentioned above.

    

    (c) Reorganization,
      Reclassification, Merger, Consolidation or Disposition of Assets. In case the
      Company shall reorganize its capital, reclassify its capital stock, 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), 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, then the 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 for
      which this Warrant is exercisable which shall be as nearly equivalent as
      practicable to the adjustments provided for in this Section. For purposes of
      this Section, “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 shall similarly apply to successive reorganizations,
      reclassifications, mergers,consolidations or disposition of assets.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    6.    Whenever
      the number of 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 give notice thereof to the Holder, which
      notice shall state the number of shares (and other securities or property)
      purchasable upon the exercise of this Warrant and the exercise price of such
      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.

    

    7.    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 or
      merger of the Company with, 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
      ten
      (10) days’ prior written notice of the date on which a record date shall be
      selected 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
      ten (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 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 7.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    8.    Fractional
      Shares.
      No
      fractional securities or scrip representing fractional securities shall be
      issued upon the exercise of this Warrant. With respect to any fraction of a
      share of Common Stock otherwise issuable upon any such exercise hereof, the
      Company shall pay to the Holder an amount in cash equal to such fraction
      multiplied by the current market value of such fractional securities, determined
      as follows:

    

    (a) If
      the
      Common Stock is listed on a national securities exchange or admitted to unlisted
      trading privileges on such exchange, the current market value shall be the
      last
      reported sale price of the security on such exchange on the last business day
      prior to the date of exercise of this Warrant, or if no such sale is made on
      such day, the average closing bid and asked prices for such day on such
      exchange; or

    

    (b) If
      the
      Common Stock is listed on one of the following trading systems or admitted
      to
      unlisted trading privileges on such systems, the current value shall be the
      last
      reported sale price on The Nasdaq Stock Market, Inc. (“NASDAQ”)
      National Market System (“NASDAQ/NMS”)
      or the
      closing transaction price on the Nasdaq Small-Cap Market or the NASDAQ OTC
      Bulletin Board (or, if not so quoted, by the National Quotation Bureau, Inc.)
      on
      the last business day prior to the date of the exercise of this Warrant;
      or

    

    (c) If
      the
      Common Stock is not so listed or admitted to unlisted trading privileges and
      prices are not reported on NASDAQ, or the NASDAQ OTC Bulletin Board (or by
      the
      National Quotation Bureau, Inc.), the current value shall be an amount, not
      less
      than the book value, determined in such reasonable manner as may be prescribed
      by the Board of Directors of the Company.

    

    9.    Upon
      receipt by the Company of evidence satisfactory to it of the loss, theft,
      destruction or mutilation of this Warrant, and, in the case of loss, theft
      or
      destruction, of reasonably satisfactory indemnification, including a surety
      bond, and upon surrender and cancellation of this Warrant, if mutilated, the
      Company shall cause to be executed and delivered a new Warrant of like tenor
      and
      date.

    

    10.    The
      Holder of this Warrant shall not, by virtue hereof, be entitled to any voting
      or
      other rights of a stockholder in the Company, either at law or equity, and
      the
      rights of the Holder are limited to those expressed in this
      Warrant.

    

    11.    The
      construction, validity and interpretation of this Warrant will be governed
      by
      the laws of the State of Georgia. This Warrant and any term hereof may be
      changed, waived, discharged or terminated only by an instrument in writing
      signed by the party against which enforcement of such change, waiver, discharge
      or termination is sought.

    

    IN
      WITNESS WHEREOF, the Company has caused this Warrant to be signed and attested
      by its duly authorized officers under its corporate seal.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

      

        
          	
                  
                    SIMTROL,
                      INC.

                  

                	
                  ATTEST: 

                
	 	 
	
                  By:
                    /s/ Richard Egan

                	
                  By:
                    /s/ Stephen Samp

                
	
                  Name:
                    Richard Egan

                	
                  Name:
                    Stephen Samp

                
	
                  Title:
                    CEO

                	
                  Title:
                    Secretary

                

        

      

    

    

    EXERCISE
      AGREEMENT

    

    To:    Simtrol,
      Inc.

    

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

     

    (2) Payment
      shall take the form of:

     

    [
      ] in
      lawful money of the United States

     

    (3) Please
      issue a certificate or certificates representing said shares in the name of
      the
      undersigned or in such other name as is specified below:

     

    _______________________________

     

    

    The
      shares shall be delivered to the following:

    

    _______________________________

     

    _______________________________

     

    _______________________________

     

    
      	 	 	[HOLDER] 
	 	 	 	 
	 	 	By: 	________________________
	 	 	 	Name: 
	 	 	 	Title: 
	 	 	 	 
	 	 	Dated: 	________________________ 

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    WARRANT
      ASSIGNMENT FORM

    

    (To
      assign the foregoing Warrant, execute

    this
      form. 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: 	
                ______________________,
                  ________

              
	 	 	 	 
	 	
                Holder’s
                  Signature:

              	_______________________________________
	 	 	 
	 	
                Holders
                  Address: 

              	_______________________________________
	 	 	 
	 	 	_______________________________________ 

      

    

    

    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 a fiduciary or other representative capacity
      should file proper evidence of authority to assign the foregoing
      Warrant.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    Exhibit
      A

    

    The
      following language is added to the Stock Purchase Warrant dated March 16, 2007
      as Section 2.(c):

    

    “If,
      but
      only if, at any time after one year from the date of issuance of this Warrant
      there is no effective registration statement registering the resale of the
      Common Stock underlying this Warrant by the Holder, this Warrant may also be
      exercised, in whole or in part, at such time by means of a “cashless exercise”
in which the Holder shall be entitled to receive a certificate for the number
      of
      shares of Common Stock equal to the quotient obtained by dividing [(A-B) (X)]
      by
      (A), where:

    

    
      	
            	(A)
              =	
              the
                closing bid price on the trading day preceding the date of such
                election;

            

    

    

    
      	
            	(B)
              =	
              the
                Exercise Price of the Warrants, as adjusted; and
                

            

    

    

    
      	
            	(X)
              =	
              the
                number of shares of Common Stock issuable upon exercise of the Warrants
                in
                accordance with the terms of this
                Warrant.”

            

    

    

    The
      following language is added to Section (2) of the Warrant Exercise
      Agreement:

    

    [
      ] if
      permitted pursuant to subsection 2(c) of the Stock Purchase Warrant, the
      cancellation of such number of shares as is necessary, in accordance with the
      formula set forth in subsection 2(c), to exercise this Warrant with respect
      to
      the maximum number of Warrant Shares purchasable pursuant to the cashless
      exercise procedure set forth in subsection 2(c).EXHIBIT
      10.1

     

    SUBSCRIPTION
      AGREEMENT

    

      February
      , 2007

     

    Simtrol,
      Inc. 

    Suite
      255

    2200
      Norcross Parkway

    Norcross,
      Georgia 30071

    

    

    Ladies
      and Gentlemen:

    

    1.    Private
      Placement

    

    The
      undersigned (the “Investor”) is writing to advise you of the following terms and
      conditions under which the Investor hereby offers to subscribe (the "Offer")
      for
      the securities of this private placement (“Offering”) which are offered by
      Simtrol, Inc., a Delaware corporation (the "Company”), pursuant to that certain
      Information Statement (the “Information Statement”) of the Company dated
      February , 2007. The Company is issuing securities consisting of Series B
      Convertible Preferred Stock (“Preferred Stock”) with warrants to acquire shares
      of Common Stock (“Warrants”) (collectively, the “Securities”) at $37,500 per
      Security. Each Security contains 50 shares of Preferred Stock, of which each
      share of Preferred Stock is convertible into 2,000 shares of common stock of
      the
      Company, par value $0.001 per share (the “Common Stock”) and a warrant to
      purchase 100,000 shares of Common Stock at $0.375 per share. The undersigned
      understands that the Securities are being issued pursuant to the exemption
      from
      registration requirements of the Securities Act of 1933, as amended (the “Act”),
      provided by Section 4(2) of the Act. As such, the Preferred Stock, the Warrants,
      and the underlying shares of Common Stock into which the Preferred Stock and
      the
      Warrants may be converted (the “Underlying Shares”) are "restricted securities".

    

    Capitalized
      terms not otherwise defined herein shall have the meanings set forth in the
      Information Statement.

    

    2.    Subscription.

    

    Subject
      to the terms and conditions hereinafter set forth in this Subscription
      Agreement, the undersigned hereby offers to purchase the Securities as set
      forth
      in the Investor Signature Page attached hereto.

    

    3.    Conditions
      to Offer.

    

    The
      undersigned acknowledges that the Company may accept or reject the Offer, in
      whole or in part, for any reason whatsoever. Acceptance of this Offer shall
      be
      deemed given by the countersigning of this Subscription Agreement on behalf
      of
      the Company.

    

    4.    Representations
      and Warranties of the Investor.

    

    The
      undersigned, in order to induce the Company to accept this Offer, hereby
      warrants and represents as follows:

    

    (A) The
      undersigned has sufficient liquid assets to sustain a loss of the undersigned's
      entire investment.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    (B) The
      Company has not made any other representations or warranties to the Investor
      with respect to the Company except as contained herein. The Company has not
      rendered any investment advice to the Investor with respect to the
      Company.

    

    (C) The
      Investor understands that the Securities involve a high degree of risk and
      represents that the Investor (i) has adequate means of providing for its current
      financial needs and possible contingencies, and has no need for liquidity of
      investment in the Securities; (ii) can afford (a) to hold unregistered
      securities for an indefinite period of time as required and (b) sustain a
      complete loss of the entire amount of the subscription; and (iii) has not made
      an overall commitment to investments which are not readily marketable which
      is
      disproportionate so as to cause such overall commitment to become
      excessive.

    

    (D) The
      undersigned has carefully reviewed the Information Statement. The undersigned
      has also been afforded the opportunity to ask questions of, and receive answers
      from, the officers and/or directors of the Company concerning the terms and
      conditions of the Offering and to obtain any additional information, to the
      extent that the Company possesses such information or can acquire it without
      unreasonable effort or expense, necessary to verify the accuracy of the
      information furnished; and has availed itself of such opportunity to the extent
      the Investor considers appropriate in order to permit it to
      evaluate the merits and risks of an investment in the Securities. It is
      understood that all documents, records and books pertaining to this investment
      have been made available for inspection, and that the books and records of
      the
      Company will be available upon reasonable notice for inspection by investors
      during reasonable business hours at its principal place of
      business.

    

    (E) The
      undersigned acknowledges that the Securities including Underlying Shares have
      not been registered under the Act in reliance on an exemption for transactions
      by an issuer not involving a public offering, and further understands that
      the
      Investor is purchasing the Securities without being furnished any prospectus
      setting forth all of the information that would be required to be furnished
      under the Act.

    

    (F) The
      undersigned further acknowledges that this Offering has not been passed upon
      or
      the merits thereof endorsed or approved by any state or federal
      authorities.

    

    (G) The
      Securities being subscribed for are being acquired solely for the account of
      the
      undersigned and not with a view to, or for resale in connection with, any
      distribution in any jurisdiction where such sale or distribution would be
      precluded. By such representation, the Investor means that no other person
      has a
      beneficial interest in the Securities (or Underlying Shares) subscribed for
      hereunder, and that no other person has furnished or will furnish directly
      or
      indirectly, any part of or guarantee the payment of any part of the
      consideration to be paid to the Company in connection therewith. The undersigned
      does not intend to dispose of all or any part of the Securities (or Warrant
      or
      Common Stock issuable upon any exercise of the Warrant) except in compliance
      with the provisions of the Act and applicable state securities laws and
      understands that the Securities are being offered pursuant to a specific
      exemption under the provisions of the Act, which exemption(s) depends, among
      other things, upon compliance with the provisions of the Act.

    

    (H) The
      undersigned further represents and agrees that the undersigned will not sell,
      transfer, pledge or otherwise dispose of or encumber the Securities (including
      the Underlying Shares) prior to registration, or the undersigned will, if
      requested, furnish the Company and its transfer agent with an opinion of counsel
      satisfactory to the Company in form and substance that registration under the
      Act or applicable state securities laws is not required.

    

    (I) The
      undersigned hereby agrees that the Company may insert the following or similar
      legend on the face of the certificates evidencing the Securities and the
      Underlying Shares, if required in compliance with federal and state securities
      laws:

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    "These
      securities have not been registered under Act or under the securities laws
      of
      any state. They may not be sold, offered for sale, pledged or hypothecated
      in
      the absence of a registration statement in effect with respect to the securities
      under such act or an opinion of counsel reasonably satisfactory to the company
      that such registration is not required pursuant to a valid exemption under
      the
      Act.” 

    

    (J) Neither
      the Company nor any person acting on its behalf has offered or sold the
      undersigned the Securities by means of any form of general solicitation or
      general advertising and the Securities were not offered or sold to the Investor
      by means of publicly disseminated advertisements or sales
      literature.

    

    The
      undersigned certifies that each of the foregoing representations and warranties
      set forth in subsection (A) through (J) inclusive of this Section 4 are true
      as
      of the date hereof and shall survive such date.

    

    5.    Representations
      and Warranties of the Company.

    

    The
      Company hereby makes the following representations and warranties to the
      Investor:

    

    (A) Subsidiaries.
      The
      Company has no direct or indirect subsidiaries (each a “Subsidiary,” and
      collectively, “Subsidiaries”) except as described in SEC Reports and/or the
      Information Statement. All the issued and outstanding shares of capital stock
      of
      each Subsidiary are validly issued and are fully paid, non-assessable and free
      of preemptive and similar rights, and the Company owns all of the issued and
      outstanding shares of capital stock of each Subsidiary, except as described
      in
      such the SEC Reports and/or the Information Statement.

    

    (B) Organization
      and Qualification.
      Each of
      the Company and the Subsidiaries is an entity duly incorporated or otherwise
      organized, validly existing and in good standing under the laws of the
      jurisdiction of its incorporation or organization (as applicable), with the
      requisite power and authority to own and use its properties and assets and
      to
      carry on its business as currently conducted. Neither the Company nor any
      Subsidiary is in violation of any of the provisions of its respective
      certificate or articles of incorporation, bylaws or other organizational or
      charter documents. 

    

    (C) Authorization;
      Enforcement.
      The
      Company has the requisite corporate power and authority to enter into and to
      consummate the Offering. The execution and delivery of this Subscription
      Agreement by the Company and the consummation by it of the transactions
      contemplated hereby have been duly authorized by all necessary action on the
      part of the Company and no further consent or action is required by the Company,
      other than the Required Approvals (as defined below). This Subscription
      Agreement, when executed and delivered in accordance with the terms hereof,
      will
      constitute the valid and binding obligation of the Company enforceable against
      the Company in accordance with its terms, subject to applicable bankruptcy,
      insolvency, fraudulent conveyance, reorganization, moratorium and similar laws
      affecting creditors’ rights and remedies generally and general principles of
      equity. 

    

    (D) No
      Conflicts.
      The
      execution, delivery and performance of this Subscription Agreement by the
      Company and the consummation by the Company of the Offering do not and will
      not:
      (i) conflict with or violate any provision of the Company’s or any Subsidiary’s
      certificate or articles of incorporation, bylaws or other organizational or
      charter documents, or (ii) subject to obtaining the Required Approvals, conflict
      with, or constitute a default (or an event that with notice or lapse of time
      or
      both would become a default) under, or give to others any rights of termination,
      amendment, acceleration or cancellation (with or without notice, lapse of time
      or both) of, any agreement, credit facility, debt or other instrument
      (evidencing a Company or Subsidiary debt or otherwise) or other understanding
      to
      which the Company or any Subsidiary is a party or by which any property or
      asset
      of the Company or any Subsidiary is bound or affected, or (iii) result in a
      violation of any law, rule, regulation, order, judgment, injunction, decree
      or
      other restriction of any court or governmental authority as currently in effect
      to which the Company or a Subsidiary is subject (including federal and state
      securities laws and regulations), or by which any property or asset of the
      Company or a Subsidiary is bound or affected; except in the case of each of
      clauses (ii) and (iii), such as could not, individually or in the aggregate
      (a)
      adversely affect the legality, validity or enforceability of the Offering,
      (b)
      have or result in or be reasonably likely to have or result in a material
      adverse effect on the results of operations, assets, prospects, business or
      condition (financial or otherwise) of the Company and the Subsidiaries, taken
      as
      a whole, or (c) adversely impair the Company's ability to perform fully on
      a
      timely basis its obligations under this Subscription Agreement (any of (a),
      (b)
      or (c), a “Material
      Adverse Effect”).

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    (E) Filings,
      Consents and Approvals.
      Neither
      the Company nor any Subsidiary is required to obtain any consent, waiver,
      authorization or order of, give any notice to, or make any filing or
      registration with, any court or other federal, state, local or other
      governmental authority or other Person in connection with the execution,
      delivery and performance by the Company of this Subscription Agreement, other
      than (i) the filing with the SEC of a Form D pursuant to SEC Regulation D and
      (ii) applicable Blue Sky filings (collectively, the “Required
      Approvals”).
      Such
“Person” means an individual or corporation, partnership, trust, incorporated or
      unincorporated association, joint venture, limited liability company, joint
      stock company, government (or agency or subdivision thereof) or other entity
      of
      any kind.

    

    (F) Issuance
      of the Securities.
      The
      Securities are duly authorized and, when issued and paid for in accordance
      with
      this Subscription Agreement, will be duly and validly issued, fully paid and
      nonassessable, free and clear of all liens. The Company has reserved from its
      duly authorized capital stock a number of shares of Common Stock for issuance
      upon conversion of the Preferred Stock and for the issuance of the shares of
      Common Stock upon exercise of the Warrants. The Securities conform to the
      description contained in the Information Statement. The issuance and sale of
      the
      Securities hereunder does not contravene the SEC rules and regulations.

    

    (G) Capitalization.
      The
      number of shares and type of all authorized, issued and outstanding capital
      stock of the Company is as set forth in the SEC Reports or Memorandum of the
      Company. 

    

    (H) SEC
      Reports; Financial Statements.
      The
      Company has filed all reports required to be filed by it under the Act and
      the
      Securities Exchange Act of 1934 (the “Exchange Act”), including pursuant to
      Section 13(a) of 15(d) thereof, for the two years preceding the date hereof
      (or
      such shorter period as the Company was required by law to file such material)
      (the foregoing materials being collectively referred to herein as the “SEC
      Reports”). The SEC Reports, when filed, complied in all material respects with
      the requirements of the Act and the Exchange Act and the rules and regulations
      of the Commission promulgated thereunder, and none of the SEC Reports, when
      filed, contained any untrue statement of a material fact or omitted to state
      a
      material fact required to be stated therein or necessary in order to make the
      statements therein, in light of the circumstances under which they were made,
      not misleading. The financial statements of the Company that have been included
      in the SEC Reports comply in all material respects with applicable accounting
      requirements and the rules and regulations of the SEC with respect thereto
      as in
      effect at the time of filing. Such financial statements have been prepared
      in
      accordance with generally accepted accounting principles applied on a consistent
      basis during the periods involved (“GAAP”),
      except as may be otherwise specified in such financial statements or the notes
      thereto, and fairly present in all material respects the financial position
      of
      the Company and its consolidated subsidiaries as of and for the dates thereof
      and the results of operations and cash flows for the periods then ended,
      subject, in the case of unaudited statements, to normal, immaterial, year-end
      audit adjustments. 

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    (I) Material
      Changes.
      Since
      the date of the latest financial statements included within the SEC Reports,
      except as specifically disclosed in the Information Statement: (i) there has
      been no event, occurrence or development that has had a Material Adverse Effect,
      (ii) the Company has not incurred any liabilities (contingent or otherwise)
      other than (A) trade payables and accrued expenses incurred in the ordinary
      course of business consistent with past practice and (B) liabilities not
      required to be reflected in the Company’s financial statements pursuant to GAAP
      or required to be disclosed in filings made with the SEC, (iii) the Company
      has
      not altered its method of accounting or the identity of its auditors, (iv)
      the
      Company has not declared or made any dividend or distribution of cash or other
      property to its stockholders except in the ordinary course of business
      consistent with prior practice, or purchased, redeemed or made any agreements
      to
      purchase or redeem any shares of its capital stock except consistent with prior
      practice or pursuant to existing Company stock option or similar plans, and
      (v)
      the Company has not issued any equity securities to any officer, director or
      Affiliate, except pursuant to existing Company stock option or similar plans.
      Such “Affiliate” means any Person that, directly or indirectly through one or
      more intermediaries, controls or is controlled by or is under common control
      with a Person, as such terms are used in and construed under Rule 144 under
      the
      Act. With respect to any Investor, any investment fund or managed account that
      is managed on a discretionary basis by the same investment manager as such
      Investor will be deemed to be an Affiliate of such Investor.

    

    (J) Litigation.
      Except
      as set forth in the SEC Reports and the Information Statement, there is no
      action, suit, inquiry, notice of violation, proceeding or investigation pending
      or, to the knowledge of the Company, threatened against or affecting the
      Company, any Subsidiary or any of their respective properties before or by
      any
      court, arbitrator, governmental or administrative agency or regulatory authority
      (federal, state, county, local or foreign) (collectively, an “Action”)
      which:
      (i) adversely affects or challenges the legality, validity or enforceability
      of
      this Subscription Agreement or the Securities or (ii) would, if there were
      an
      unfavorable decision, individually or in the aggregate, have or reasonably
      be
      expected to result in a Material Adverse Effect. Neither the Company nor any
      Subsidiary is or has been the subject of any Action involving a claim of
      violation of or liability under federal or state securities laws. The Company
      does not have pending before the SEC any request for confidential treatment
      of
      information. There has not been, and to the knowledge of the Company, there
      is
      not pending or contemplated, any investigation by the SEC involving the Company.
      The SEC has not issued any stop order or other order suspending the
      effectiveness of any registration statement filed by the Company or any
      Subsidiary under the Exchange Act or the Securities Act. 

    

    (K) Compliance.
      Neither
      the Company nor any Subsidiary: (i) is in default under or in violation of
      (and
      no event has occurred that has not been waived that, with notice or lapse of
      time or both, would result in a default by the Company or any Subsidiary under),
      nor has the Company or any Subsidiary received notice of a claim that it is
      in
      default under or that it is in violation of, any material indenture, loan or
      credit agreement or any other material agreement or instrument to which it
      is a
      party or by which it or any of its properties is bound (whether or not such
      default or violation has been waived), which default or violation would have
      or
      result in a Material Adverse Effect, (ii) is in violation of any order of any
      court, arbitrator or governmental body, or (iii) is in violation of any statute,
      rule or regulation of any governmental authority, except in each case as would
      not, individually or in the aggregate, have or result in a Material Adverse
      Effect. 

    

    (L) Regulatory
      Permits.
      The
      Company and the Subsidiaries possess all certificates, authorizations and
      permits issued by the appropriate federal, state, local or foreign regulatory
      authorities necessary to conduct their respective businesses as described in
      the
      SEC Reports, except where the failure to possess such permits would not,
      individually or in the aggregate, have or reasonably be expected to result
      in a
      Material Adverse Effect (“Material
      Permits”),
      and
      neither the Company nor any Subsidiary has received any notice of proceedings
      relating to the revocation or modification of any Material Permit.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    (M) Listing
      and Maintenance Requirements.
      The
      Company is currently quoted on the OTC Bulletin Board under the symbol “SMRL”.
      The Company is, and has no reason to believe that it will not in the foreseeable
      future to be, in compliance with all requirements to be quoted on the OTC
      Bulletin Board.

    

    (N) Internal
      Accounting Controls.
      The
      Company and the Subsidiaries maintain a system of internal accounting controls
      sufficient to provide reasonable assurance that (i) transactions are executed
      in
      accordance with management's general or specific authorizations, (ii)
      transactions are recorded as necessary to permit preparation of financial
      statements in conformity with generally accepted accounting principles and
      to
      maintain asset accountability, (iii) access to assets is permitted only in
      accordance with management's general or specific authorization, and (iv) the
      recorded accountability for assets is compared with the existing assets at
      reasonable intervals and appropriate action is taken with respect to any
      differences. The Company has established disclosure controls and procedures
      (as
      defined in Exchange Act Rules 13a-14 and 15d-14) for the Company and designed
      such disclosures controls and procedures to ensure that material information
      relating to the Company, including its Subsidiaries, is made known to the
      certifying officers by others within those entities. The Company's certifying
      officers have evaluated the effectiveness of the Company's disclosure controls
      and procedures as of the date immediately prior to the filing of the Company’s
      most recent periodic report under the Exchange Act (such date, the "Evaluation
      Date").
      The
      Company presented in such report the conclusions of the certifying officers
      about the effectiveness of the disclosure controls and procedures based on
      their
      evaluations as of the Evaluation Date. Since the Evaluation Date, there have
      been no significant changes in the Company's internal controls (as such term
      is
      defined in Item 307(b) of Regulation S-K under the Exchange Act). 

    

    (O) Disclosure.
      The
      disclosure provided to the Investor regarding the Company, its business and
      the
      transactions contemplated hereby, furnished by or on behalf of the Company,
      including all of the SEC Reports, does not contain any untrue statement of
      a
      material fact or omit to state any material fact necessary in order to make
      the
      statements made therein, in light of the circumstances under which they were
      made, not misleading. The Company acknowledges and agrees that the Investor
      makes or has made no representations or warranties with respect to the
      transactions contemplated hereby other than those specifically set forth in
      this
      Subscription Agreement.

    

    6.    Covenants
      of the Company.

     

    (A)
       Registration
      Rights. The
      Company grants to the Investor registration rights relating to the Common Stock
      and the Underlying Shares under the following terms and conditions:

    

    (1)
      The
      Company will prepare and file, at its own expense, a registration statement
      under the Act (the “Registration Statement”) with the SEC sufficient to permit
      the non-underwritten public offering and resale of the Underlying Shares (the
      “Registrable Securities”) through the facilities of all appropriate securities
      exchanges, if any, on which the Common Stock is being sold or on the
      over-the-counter market if the Common Stock is traded thereon.

     

    (2)
      The
      Company will use its reasonable best efforts to cause such Registration
      Statement to become effective within one hundred and twenty (120) days of the
      date of the sale of the Securities to Investor or, if earlier, within five
      (5)
      business days of Commission clearance to request acceleration of effectiveness.
      The number of shares designated in the Registration Statement to be registered
      shall include all of the Registrable Securities and shall include appropriate
      language regarding reliance upon Rule 416 to the extent permitted by the SEC.
      The Company will notify the Investor of the effectiveness of the Registration
      Statement within five (5) business days of such event.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (3) Except
      as
      otherwise provided in Section 6(C) below, the Company will use its reasonable
      best efforts to maintain effectiveness under the Act of the Registration
      Statement or any post-effective amendment thereto filed under the terms of
      this
      Agreement until the earlier of (i) the date that all of the Registrable
      Securities have been sold pursuant to such Registration Statement, (ii) the
      date
      all Registrable Securities have been otherwise transferred to persons who may
      trade such shares without restriction under the Act, and the Company has
      delivered a new certificate or other evidence of ownership for such securities
      not bearing a restrictive legend, or (iii) the date all Securities may be sold
      at any time, without volume or manner of sale limitations pursuant to Rule
      144(k) (Rule 144 means Rule 144 promulgated by the SEC pursuant to the Act,
      herein referred to as “Rule 144”) or any similar provision then in effect under
      the Securities Act (the “Effectiveness Period”).

     

    (4) If,
      at
      any time during which the Registration Statement required by Section 6(A)(1)
      and
      6(A)(2) above is not effective, the Company shall determine to proceed with
      the
      preparation and filing of a separate registration statement pursuant to the
      Act
      in connection with the proposed offer and sale of any securities by it or any
      of
      its securities holders (other than a registration statement on Form S-4, S-8,
      or
      other limited purpose Form), the Company will give written notice of its
      determination to do so to the Investor. Upon receipt of a written request from
      Investor, within twenty (20) days after receipt of any such notice from the
      Company, the Company will cause all such Registrable Securities requested by
      the
      Investor to be included in such registration statement, all to the extent
      required to permit the sale or other disposition by the Investor of such shares.
      The obligation of the Company under this Section 6(A)(4) shall be unlimited
      as
      to the number of registration statements to which it applies, unless the
      Effectiveness Period has ended. Notwithstanding the foregoing, the Company
      shall
      have the right to postpone or withdraw any registration effect pursuant to
      this
      Section 6(A)(4) without obligation to the Investor. In addition, if any
      registration effected pursuant to this Section 6(A)(4) is a registered public
      offering involving an underwriting, the Company shall so advise the Investor
      as
      a part of the written notice given pursuant to this Section 6(A)(4). In such
      event, the right of the Investor to include Registrable Securities in such
      registration pursuant to this Section 6(A)(4) shall be conditioned upon
      Investor’s execution of an underwriting agreement upon customary terms with the
      underwriter or underwriters selected for the underwriting by the Company. If
      the
      managing underwriter advises the Company in writing that marketing factors
      require a limitation in the number of shares held by selling stockholders to
      be
      underwritten, the number of Registrable Securities that may be included in
      such
      Registration Statement and underwriting shall be allocated among all investors,
      including the Investor, requesting registration in proportion, as nearly as
      practicable, to the respective number of shares of Registrable Securities held
      by them on the date the Company gives the notice specified in this Section
      6(A)(4).

     

    (5) All
      fees,
      disbursements and out-of-pocket expenses and costs incurred by the Company
      in
      connection with the preparation and filing of the Registration Statement and
      in
      complying with applicable federal securities and Blue Sky laws (including,
      without limitation, all attorneys' fees of the Company) shall be borne by the
      Company. The Investor shall bear the cost of underwriting and/or brokerage
      discounts, fees and commissions, if any, applicable to the Registrable
      Securities being registered and the fees and expenses of its counsel. The
      Company shall use its reasonable best efforts to qualify any of the Securities
      for sale in such states as any Investor reasonably designates. However, the
      Company shall not be required to qualify in any state which will require an
      escrow or other restriction relating to the Company and/or the sellers, or
      which
      will require the Company to qualify to do business in such state or require
      the
      Company to file therein any general consent to service of process. If NASDR
      Rule
      2710 requires any broker-dealer to make a filing prior to executing a sale
      by a
      Purchaser of the Securities, make an issuer filing with the NASDR, Inc.
      Corporate Financing Department pursuant to NASDR Rule 2710(b)(10)(A)(i) and
      respond within five (5) Trading Days to any comments received from NASDR in
      connection therewith, and pay the filing fee required in connection therewith.
      The Company, at its expense, will supply the Investor with copies of the
      applicable Registration Statement and any prospectus included therein and other
      related documents in such quantities as may be reasonably requested by the
      Investor.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    (6) In
      the
      event that (i) the Registration Statement to be filed by the Company pursuant
      to
      Section 6(A)(2) is not declared effective by the SEC within the earlier of
      one
      hundred and twenty (120) days from the date of the sale of the Securities or
      five (5) days of clearance by the SEC to request effectiveness, (ii) such
      Registration Statement is not maintained as effective by the Company for the
      period set forth in Section 6(A)(2) above (each a “Registration Default”) then
      the Company will pay Investor (pro rated on a daily basis), as partial
      compensation for such failure and not as a penalty, one and one-half percent
      (1.5%) of the purchase price of the Registrable Securities purchased from the
      Company and held by the Investor for each month (or portion thereof) until
      such
      Registration Statement has been filed or declared effective or lapsed
      effectiveness (in the case of clause (ii) above), one and one-half percent
      (1.5%) of the purchase price of the Registrable Securities purchased from the
      Company and held by the Investor each month (or portion thereof) (regardless
      of
      whether one or more such Registration Defaults are then in existence, but
      without duplication of such partial compensatory payments) until such
      Registration Statement has been declared effective. Such compensatory payments
      shall be made to the Investor in cash, within five (5) calendar days of demand,
      provided, however, that the payment of such amounts shall not relieve the
      Company from its obligations to register the Securities pursuant to this
      Section. 

    

    If
      the
      Company does not remit the payment to the Investor as set forth above, the
      Company will pay the Investor reasonable costs of collection, including
      attorneys’ fees, in addition to the liquidated damages. The registration of the
      Securities pursuant to this provision or payment of such compensatory amounts
      shall not affect or limit the Investor’s other rights or remedies as set forth
      in this Agreement or at law. 

    

    (B) The
      Company shall be entitled to suspend the availability of any Registration
      Statement, by providing notice thereof to the Investors, without incurring
      or
      accruing any obligation to pay liquidated damages pursuant to Section 6(A)(4),
      no more than one (1) time in any three month period or three (3) times in any
      twelve month period, and any such period during which the availability of the
      Registration Statement is suspended (the “Deferral Period”) shall, without
      incurring any obligation to pay liquidated damages pursuant to Section 6(A)(4),
      not exceed 30 days; provided
      that the
      aggregate duration of any Deferral Periods shall not exceed 15 days in any
      three
      month period or 40 days in any twelve (12) month period; provided
      that in
      the case of a Material Event relating to an acquisition or a probable
      acquisition or financing, recapitalization, business combination or other
      similar transaction, the Company may, without incurring any obligation to pay
      liquidated damages pursuant to Section 6(A)(4), deliver to the Holders a second
      notice to the effect set forth above, which shall have the effect of extending
      the Deferral Period by up to an additional 30 days, or such shorter period
      of
      time as is specified in such second notice. As used herein, “Material Event”
shall mean the occurrence of any event or the existence of any fact as a result
      of which any Registration Statement shall contain any untrue statement of a
      material fact or omit to state any material fact required to be stated therein
      or necessary to make the statements therein not misleading.

    

    (C) In
      the
      case of each registration effected by the Company pursuant to any section
      herein, the Company will keep each shareholder advised in writing as to the
      initiation of each registration and as to the completion thereof. At its
      expense, the Company will:

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    (1) Keep
      such
      registration effective at least until such time as the Underlying Shares are
      eligible to have the restrictive legend removed pursuant to SEC Rule
      144(k);

    

    (2) Prepare
      and file with the SEC such amendments and supplements to such registration
      statement and the prospectus used in connection with such registration statement
      as may be necessary to comply with the provisions of the Securities Act with
      respect to a disposition of all securities covered by such registration
      statement;

    

    (3) Notify
      the shareholders at any time when a prospectus relating thereto is required
      to
      be delivered under the Act, of 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 a material
      fact required to be stated therein or necessary to make the statements therein
      not misleading or incomplete in light of the circumstances then existing, and
      at
      the request of the shareholders, prepare and furnish to them 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 shareholders, 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 or incomplete in light of the circumstances then
      existing;

    

    (4) Use
      its
      commercially reasonable best efforts to prevent the issuance of any stop order
      or other suspension of effectiveness of a registration statement, and, if such
      an order is issued, to obtain the withdrawal of such order at the earliest
      possible moment and to notify Investor (and, in the event of an underwritten
      offering, the managing underwriter) of the issuance of such order and the
      resolution thereof;

     

    (5) Cause
      all
      shares which are registered in accordance with the provisions herein, to be
      listed or included for quotation on each exchange on which the shares of Common
      Stock are then listed or included for quotation;

    

    (6) Provide
      a
      transfer agent and registrar for all such shares and CUSIP number for all such
      shares of Common Stock in each case not later than the effective date of such
      registration statement; and  

    

    (7) Otherwise
      use its commercially reasonable best efforts to comply with all applicable
      rules
      and regulations of the SEC. 

    

    (D)
       To
      the
      extent Investor includes any Common Stock in a Registration Statement pursuant
      to the terms hereof, the Company will indemnify and hold harmless Investor,
      its
      directors and officers, and each person, if any, who controls Investor within
      the meaning of the Act, from and against, and will reimburse Investor, its
      directors and officers and each controlling person with respect to, any and
      all
      loss, damage, liability, cost and expense to which Investor or such controlling
      person may become subject under the Act or otherwise, insofar as such losses,
      damages, liabilities, costs or expenses are caused by any untrue statement
      or
      alleged untrue statement of any material fact contained in such registration
      statement, any prospectus contained therein or any amendment or supplement
      thereto, or arise out of or are based upon the omission or alleged omission
      to
      state therein a material fact required to be stated therein or necessary to
      make
      the statements therein, in light of the circumstances in which they were made,
      not misleading; provided, however, that the Company will not be liable in any
      such case to the extent that any such loss, damage, liability, cost or expense
      arises out of or is based upon an untrue statement or alleged untrue statement
      or omission or alleged omission so made in conformity with information furnished
      by Investor or any such controlling person in writing specifically for use
      in
      the preparation thereof.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    (E)
       To
      the
      extent Investor includes any Underlying Shares in a Registration Statement
      pursuant to the terms hereof, Investor will indemnify and hold harmless the
      Company, its directors and officers and any controlling person from and against,
      and will reimburse the Company, its directors and officers and any controlling
      person with respect to, any and all loss, damage, liability, cost or expense
      to
      which the Company, its directors and officers or such controlling person may
      become subject under the Act or otherwise, insofar as such losses, damages,
      liabilities, costs or expenses are caused by any untrue statement or alleged
      untrue statement of any material fact contained in such registration statement,
      any prospectus contained therein or any amendment or supplement thereto, or
      arise out of or are based upon the omission or alleged omission to state therein
      a material fact required to be stated therein or necessary to make the
      statements therein, in light of the circumstances in which they were made,
      not
      misleading, in each case to the extent, but only to the extent, that such untrue
      statement or alleged untrue statement or omission or alleged omission was so
      made in reliance upon and in conformity with written information furnished
      by or
      on behalf of the Investor specifically for use in the preparation thereof and
      provided further, that the maximum amount that may be recovered from Investor
      shall be limited to the amount of proceeds received by Investor from the sale
      of
      such shares of Common Stock.

    

    (F)
       To
      the
      extent any indemnification by an indemnifying party is prohibited or limited
      by
      law, the indemnifying party agrees to make the maximum contribution with respect
      to any amounts for which it would otherwise be liable hereunder to the extent
      permitted by law, provided that (i) no contribution shall be made under
      circumstances where the indemnifying party would not have been liable for
      indemnification pursuant to the provisions hereof, (ii) no seller of securities
      guilty of fraudulent misrepresentation (within the meaning of Section 11(f)
      of
      the Act) shall be entitled to contribution from any seller of securities who
      was
      not guilty of such fraudulent misrepresentation, and (iii) the amount of the
      contribution together with any other payments made in respect of such loss,
      damage, liability or expense, by any seller of securities shall be limited
      to
      the net amount of proceeds received by such seller from the sale of such
      securities.

    

    (G)
       The
      Investor will cooperate with the Company in connection with this Subscription
      Agreement, including timely supplying all information reasonably requested
      by
      the Company (which shall include all information regarding the Investor and
      proposed manner of sale of securities required to be disclosed in any
      registration statement filed in accordance with this Section 6) and executing
      and returning all documents reasonably requested in connection with the
      registration and sale of any securities being registered hereunder and entering
      into and performing their obligations under any underwriting agreement, if
      the
      offering is an underwritten offering, in usual and customary form, with the
      managing underwriter or underwriters of such underwritten offering.

    

    (H) Transfer
      Restrictions.

    

    (1) The
      Securities may only be disposed of in compliance with state and federal
      securities laws. In connection with any transfer of Securities other than
      pursuant to an effective registration statement or Rule 144, to the Company
      or
      to an affiliate of an Investor or in connection with a pledge as contemplated
      in
      Section 6(H)(2), the Company may require the transferor thereof to provide
      to
      the Company an opinion of counsel selected by the transferor and reasonably
      acceptable to the Company, the form and substance of which opinion shall be
      reasonably satisfactory to the Company, to the effect that such transfer does
      not require registration of such transferred Securities under the Act. As a
      condition of transfer, any such transferee shall agree in writing to be bound
      by
      the terms of this Subscription Agreement and shall have the rights of an
      Investor under this Subscription Agreement. 

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (2) The
      Investor agrees to the imprinting, so long as is required by this Section
      6(H)(2) of a legend on any of the Securities in the following form:

     

    THIS
      PREFERRED STOCK AND WARRANT AND THE SHARES ISSUABLE UPON CONVERSION OR EXERCISE
      OF THIS PREFERRED STOCK OR WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
      ACT OF 1933, AS AMENDED (THE “ACT”), NOR UNDER ANY STATE SECURITIES LAW AND MAY
      NOT BE SOLD, ASSIGNED, HYPOTHECATED OR OTHERWISE TRANSFERRED UNTIL (1) A
      REGISTRATION STATEMENT WITH RESPECT THERETO IS EFFECTIVE UNDER THE ACT AND
      ANY
      APPLICABLE STATE SECURITIES LAW OR (2) THE COMPANY RECEIVES AN OPINION OF
      COUNSEL REASONABLY SATISFACTORY TO THE COMPANY THAT SUCH NOTE MAY BE SOLD,
      ASSIGNED, HYPOTHECATED OR TRANSFERRED WITHOUT AN EFFECTIVE REGISTRATION
      STATEMENT UNDER THE ACT OR APPLICABLE STATE SECURITIES LAWS.

     

    (3) Certificates
      evidencing the Underlying Shares shall not contain any legend (including the
      legend set forth in Section 6(H)(2) hereof): (i) while a registration statement
      (including the Registration Statement) covering the resale of such security
      is
      effective under the Act, or (ii) following any sale of such Underlying Shares
      pursuant to Rule 144, or (iii) if such Underlying Shares are eligible for sale
      under Rule 144(k), or (iv) if such legend is not required under applicable
      requirements of the Act (including judicial interpretations and pronouncements
      issued by the staff of the SEC); provided,
      however,
      in
      connection with the issuance of the Underlying Shares, each Investor, severally
      and not jointly with the other Investors, hereby agrees to adhere to and abide
      by all prospectus delivery requirements under the Act and rules and regulations
      of the SEC. The Company shall cause its counsel to issue a legal opinion to
      the
      Company’s transfer agent promptly after the Effective Date if required by the
      Company’s transfer agent to effect the removal of the legend hereunder. If all
      or any portion of Preferred Stock or Warrant is converted or exercised (as
      applicable) at a time when there is an effective registration statement to
      cover
      the resale of the Underlying Shares, or if such Underlying Shares may be sold
      under Rule 144(k) or if such legend is not otherwise required under applicable
      requirements of the Act (including judicial interpretations thereof) then such
      Underlying Shares shall be issued free of all legends. The Company agrees that
      following the Effective Date or at such time as such legend is no longer
      required under this Section 6(H)(3), it will, no later than three (3) days
      following the delivery by an Investor to the Company or the Company's transfer
      agent of a certificate representing Underlying Shares, as applicable, issued
      with a restrictive legend (such third (3rd)
      day,
      the “Legend
      Removal Date”),
      deliver or cause to be delivered to such Investor a certificate representing
      such shares that is free from all restrictive and other legends. The Company
      may
      not make any notation on its records or give instructions to any transfer agent
      of the Company that enlarge the restrictions on transfer set forth in this
      Section.

     

    (4) Each
      Investor, severally and not jointly with the other Investors, agrees that the
      removal of the restrictive legend from certificates representing Securities
      as
      set forth in this Section 6(H) is predicated upon the Company’s reliance that
      the Investor will sell any Securities pursuant to either the registration
      requirements of the Act, including any applicable prospectus delivery
      requirements, or an exemption therefrom. 

     

    (I) Material
      Non-Public Information.
      The
      Company covenants and agrees that neither it nor any other person or entity
      acting on its behalf will provide the Investor or its agents or counsel with
      any
      information that the Company believes constitutes material non-public
      information, unless prior thereto such Investor shall have executed a written
      agreement regarding confidentiality and use of such information. The Company
      understands and confirms that the investor shall be relying on the foregoing
      representations in effecting transactions in securities of the
      Company.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    7.    No
      Waiver.

    

    Notwithstanding
      any of the representations, warranties, acknowledgments or agreements made
      herein by the Investor, the Investor does not thereby or in any manner waive
      any
      rights granted to the Investor under federal or state securities
      laws.

    

    8.    Revocation.

    

    The
      Investor agrees that he shall not cancel, terminate or revoke this Subscription
      Agreement or any agreement of the Investor made hereunder other than as set
      forth herein, and that this Subscription Agreement shall survive the death
      or
      disability of the Investor. 

    

    9.    Termination
      of Subscription Agreement.

    

    If
      the
      Company elects to cancel this Subscription Agreement, provided that it returns
      to the Investor, without interest and without deduction, all sums paid by the
      Investor, this Offer shall be null and void and of no further force and effect,
      and no party shall have any rights against any other party
      hereunder.

    

    10.    Miscellaneous.

    

    (A) All
      notices or other communications given or made hereunder shall be in writing
      and
      shall be mailed by registered or certified mail, return receipt requested,
      postage prepaid, or by overnight courier service to the Investor at his address
      set forth below, to the Company and the Placement Agent at the addresses set
      forth herein.

    

    (B) This
      Subscription Agreement constitutes the entire agreement among the parties hereto
      with respect to the subject matter hereof and may be amended only by a writing
      executed by all parties. 

    

    
      
        (C)
          The
          provisions of this Subscription Agreement shall survive the execution thereof.
          

      

    

    

    
      
        (D)
          The
          Subscription Agreement shall be governed by the laws of the State of Delaware
          as
          if entered into between residents of the state of
          Delaware.

      

    

     

    11.    Certification.

    

    The
      Investor certifies that he has read this entire Subscription Agreement and
      that
      every statement on the part of the Investor made and set forth herein is true
      and complete.

    

    12.    Investor
      Suitability Qualification.

    

    (A) The
      Investor has initialed each of the following statements that correctly describes
      the Investor:

    

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

    

    ______
      A
      natural person whose individual net worth, or joint net worth with such person’s
      spouse, exceeds $1,000,000;

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    ______
      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 such individual’s spouse in excess of
      $300,000 in each of those years and who has a reasonable expectation of reaching
      the same income level in the current year;

    

    ______
      A
      trust with total assets in excess of $5,000,000, not formed for the specific
      purpose of acquiring the Membership Interest, whose purchase is directed by
      a
      person who has such knowledge and experience in financial and business matters
      that he is capable of evaluating the merits and the risks of an investment
      in
      the Membership Interest; or

    

    ______
      An
      entity in which all of the equity owners are accredited investors.

    

    Note:
      If
      the Investor is an entity, questions (B) and (C) must be completed by the
individual
      making
      the investment decision on
      behalf of
      the
      Investor.

    

    (B)
       Name
      of
      Individual making investment decision:
      _______________________________

    

    (C) Please
      provide the following information:

    

    
      	 	
              (1) Occupation       

            	____________________________
	 	 	 
	 	(2) Please
              describe your education background, including dates of attendance and
              degrees earned.
	 	
               

              
                
 

              
                
 

            
	 	(3) Please
              describe briefly principal positions held and any other business
              involvement (e.g., service on boards of directors) during the last
              five
              years. Specific employers need
              not be identified. What is sought is a sufficient description to enable
              the Company to determine the extent of vocationally related experience
              in
              financial and business matters. 
	 	 
	 	
              
                

              

               

              
                

              

               

              
                

              

                 

            
	 	(4) Please
              describe the number, amount and type of investments you have made in
              the
              past in private placements of any type of securities: 
	 	 
	 	
              
                

              

               

              
                

              

               

              
                

              

                  

            
	 	
              (5) Please
                indicate in the space provided below any additional information which
                you
                think may be helpful in enabling the Company to determine that your
                knowledge and experience in financial and business matters is sufficient
                to enable you to evaluate the merits and risks of investing in the
                Securities. 

            
	 	
               

              
                

              

               

              
                

              

               

              
                
    

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

     

      
        

      

    

    

    THE
      SECURITIES OFFERED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT
      OF
      1933 OR THE SECURITIES LAWS OF ANY STATE AND ARE BEING OFFERED AND SOLD IN
      RELIANCE ON EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF SAID ACT AND SUCH
      LAWS. THE SECURITIES ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE
      AND MAY NOT BE TRANSFERRED OR RESOLD EXCEPT AS PERMITTED UNDER SAID ACT AND
      SUCH
      LAWS PURSUANT TO REGISTRATION OR EXEMPTION THEREFROM. INVESTORS SHOULD BE AWARE
      THAT THEY WILL BE REQUIRED TO BEAR THE FINANCIAL RISKS OF THIS INVESTMENT FOR
      AN
      INDEFINITE PERIOD OF TIME. 

    

    THE
      SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE
      COMMISSION, ANY STATE SECURITIES COMMISSION, OR ANY OTHER REGULATORY AUTHORITY,
      NOR HAVE ANY OF THE FOREGOING AUTHORITIES PASSED UPON OR ENDORSED THE MERITS
      OF
      THIS OFFERING. ANY REPRESENTATION TO THE CONTRARY IS UNLAWFUL. 

     

    
      
        

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

    

    INVESTOR
      SIGNATURE PAGE FOR SIMTROL, INC. SUBSCRIPTION AGREEMENT

    Please
      print or type, Use ink only. (All Parties Must Sign)

    

    The
      undersigned investor hereby certifies that he (i) has received and relied solely
      upon the Confidential Private Placement Memorandum, this Subscription Agreement
      and their respective exhibits and schedules, (ii) agrees
      to
      all the terms and conditions of this Subscription Agreement, (iii) meets the
      suitability standards set forth herein and (iv) is a resident of the state
      or
      foreign jurisdiction indicated below.

    

    Dollar
      Amount of Securities Subscribed for: $_________________________

    

      
        	______________________________________________ 	 	
                If
                  other than individual check one and indicate

              
	
                Name
                  of Investor (Print)

              	 	
                capacity
                  of signatory under the signature:

              
	 	 	
                Trust

              
	______________________________________________ 	 	
                Estate

              
	
                Name
                  of Joint Investor (if any) (Print)

              	 	
                Uniform
                  Gifts to Minors Act, State of

              
	 	 	 
	 	 	
                Attorney-in-fact

              
	 	 	
                Corporation

              
	______________________________________________	 	
                Other

              
	
                Signature
                  of Investor

              	 	 
	 	 	
                If
                  Joint Ownership, Check one:

              
	
                 

              	 	
                Joint
                  Tenants with Right of Survivorship 

              
	______________________________________________ 	 	
                Tenants
                  in Common

              
	
                Signature
                  of Joint Investor (if any)

              	 	
                Tenants
                  by the Entirety

              
	 	 	
                Community
                  by Property

              
	______________________________________________ 	 	 
	
                Capacity
                  of Signatory (if applicable)

              	 	
                Backup
                  Withholding Statement:

              
	 	 	
                Please
                  check this box only if the investor is subject to

              
	______________________________________________	 	
                backup
                  withholding 

              
	
                Social
                  Security or Taxpayer Identification Number

              	 	 
	 	 	
                Foreign
                  Person: 

              
	
                Investor
                  Mail Address:

              	 	
                Please
                  check this box only if the investor is a

              
	 	 	
                nonresident
                  alien, foreign corporation, foreign

              
	
                ____________________________________________________

              	 	
                partnership,
                  foreign trust or foreign estate 

              
	
                Street
                  Address

              	 	 
	 	 	 
	
                
                  ____________________________________________________

                

              	 	 
	
                City    State    Zip
                  Code

              	 	
                Share
                  and Warrant Registration Name(s) and Amounts: 

              
	 	 	 
	
                Telephone:
                  (      )    Fax:
                  (      )

              	 	
                Name
                  Amount

              
	 	 	 
	
                
                   

                

              	 	
                1.____________________________________ 

              
	 	 	 
	
                Email:_______________________________________________

              	 	
                2.____________________________________

              
	 	 	 
	Address
                for Delivery
                of Shares (if different from above):	 	
                3.____________________________________
                  

              
	 	 	 
	
                ____________________________________________________

              	 	
                4.____________________________________
                  

              
	
                ____________________________________________________ 

              	 	 
	
                City    State    Zip
                  Code 

              	 	 

      

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    The
      investor agrees to the terms of this Agreement and, as required by the
      Regulations pursuant to the Internal Revenue Code, certifies under penalty
      of
      perjury that (1) the Social Security Number or Taxpayer Identification Number
      and address provided above is correct, (2) the investor is not subject to backup
      withholding (unless the Backup Withholding Statement box is checked) either
      because he has not been notified that he is subject to backup withholding as
      a
      result of a failure to report all interest or dividends or because the Internal
      Revenue Service has notified him that he is no longer subject to backup
      withholding and (3) the investor (unless, the Foreign Person box above is
      checked) is not a nonresident alien, foreign partnership, foreign trust or
      foreign estate.

    

    THE
      SUBSCRIPTION FOR SECURITIES OF SIMTROL, INC. BY THE ABOVE NAMED INVESTOR(S)
      IS
      ACCEPTED THIS ________ DAY OF ______________________, 2007.

     

    SIMTROL,
      INC.  

    

    By:_____________________________________

    Name:
      Richard Egan

    Title:
      President and CEO

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