Document:

EXHIBIT
      10.6

     

    FIRST
      AMENDMENT TO BRIDGE NOTE PURCHASE AGREEMENT

     

    First
      Amendment dated as of August 24, 2006 to that certain Bridge Purchase Agreement
      dated as of August 23, 2006 (“Agreement”) by and among Capital
      Growth Systems, Inc.,
      a
      Florida corporation (“Borrower” or “Company”) and each of the persons advancing
      bridge loans to Borrower in accordance with the terms of the Agreement (each
      a
“Lender” and collectively, “Lenders”). Capitalized terms used herein and not
      otherwise defined shall have the same meaning as set forth in the
      Agreement.

     

    RECITALS

     

    A.  Borrower
      is desirous of inducing various Lenders to fund the loans called for in the
      Agreement.

     

    B.  Certain
      prospective Lenders have proposed that the Agreement be amended to provide
      them
      the additional rights as set forth in this First Amendment, which are intended
      to increase the desirability of the Notes to be issued pursuant to the
      Agreement, and Borrower is willing to amend the Agreement as called for
      herein.

     

    NOW
      THEREFORE, in consideration of the premises and covenants contained herein
      and
      other good and valuable consideration, the receipt and sufficiency of which
      is
      hereby acknowledged, the parties agree as follows:

     

    1.  The
      following Section 9 is added to the Agreement.

     

    9. Additional
      Rights in Favor of Lenders.

     

    9.1 Collateral
      Security.
      In
      addition to the collateral granted to the Lenders pursuant to the Note
      Administration and Security Agreement, the Borrower further agrees that promptly
      following its acquisition of 20/20 Technologies, Inc. (“20/20”) by way of
      subsidiary merger (the acquiring subsidiary being “20/20 Sub”), to pledge 100%
      of the capital stock of 20/20 Sub to Lenders as additional collateral pursuant
      to the Note Administration and Security Agreement, and agrees to deliver to
      the
      Servicer named in said Agreement the stock certificate(s) for the shares,
      together with an assignment separate from certificate for the shares duly
      executed in blank.

     

    9.2 Conversion
      Following Payments of Principal or Interest on the Notes.
      Should
      Borrower pay off the principal amount of Lender’s Note in whole or part, then
      Lender shall have the right for a period of 30 days following delivery of each
      payment of principal by Borrower with respect to Lender’s Note (and if consented
      to by the Borrower, some or all of the accrued unpaid interest with respect
      to
      this Note), to subscribe to purchase that number of “Equity Units equal to the
      principal amount so paid, divided by the “Conversion Price,” by delivery of
      written notice to the Borrower and tender of the corresponding purchase price
      within said 30-day period. The Lender acknowledges that the securities
      corresponding to the Equity Units shall have legends restricting transfer except
      pursuant to an effective registration statement or an exemption from the
      registration requirements of the Securities Act of 1933 as amended.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    9.3 Expansion
      of Securities.
      The
      definition of Securities in Section 6.2 of this Agreement is amended to increase
      the coverage thereof to include any securities purchased pursuant to conversion
      of the Notes to Equity Units and therefore now reads as follows:

     

    “any
      capital stock issuable upon exercise of the Warrants and any securities issuable
      to such Lender by virtue of conversion of the Lender’s Note or exercise of the
      Lender’s conversion rights pursuant to Section 9.2 hereof)”

     

    9.4 Modification
      to Note.
      The
      following Section 9 is hereby added to the Note to be issued to each of the
      Lenders pursuant to this Agreement and attached as Exhibit A of this
      Agreement.

     

    9. Conversion.

     

    9.1 Definitions.

     

    (a) “Conversion
      Price”
shall
      mean the purchase price. “Conversion Price” shall mean the purchase price for
      Equity Units:

     

    (b) “Equity
      Units”
shall
      mean the units of the Company’s Common Stock or Preferred Stock and/or any
      securities conferring the right to purchase the Company’s Preferred Stock or
      securities convertible into, or exchangeable for (with or without additional
      consideration), the Company’s Common Stock or Preferred Stock which are issued
      in connection with the next equity financing of the Borrower after the date
      of
      this Note, in which at least $5,000,000 of gross proceeds is raised from the
      sale of the Equity Units. To the extent an Equity Unit is comprised of shares
      of
      Preferred Stock and/or warrants, where the shares of Preferred Stock on the
      occurrence of an event (such as filing of an amendment to the Borrower’s
      articles of incorporation), then following such event, the Equity Unit shall
      be
      deemed to constitute the shares of Common Stock into which said shares of
      Preferred Stock were converted or convertible, and the corresponding warrant,
      if
      any, will be adjusted to be a warrant to purchase the corresponding number
      of
      shares of Common Stock into which the Preferred Stock was
      converted.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    9.2 Conversion.
      Subject
      to the procedures provided in Section 9.3 below, the Holder of this Note has
      the
      right, at the Lender’s option, at any time from and after the date hereof and
      prior to the payment of the obligations evidenced hereby, to convert some or
      all
      of the principal amount of this Note (and if consented to by the Borrower,
      some
      or all of the accrued unpaid interest with respect to this Note), on demand,
      in
      accordance with the provisions of Section 9.2 hereof, in whole or in part,
      into
      Equity Units at the price in which the Equity Units were sold by the Lender
      to
      third party investors.

     

    (a) Notice
      of Conversion.
      To
      convert this Note, the holder of this Note shall give written notice
      (“Conversion Notice”) to the Borrower of its election to convert this Note to
      Equity Units pursuant to Section 9.2. The conversion, and all of the rights
      of
      the Lender hereof in and with respect to the Equity Units shall be effective
      immediately upon delivery of the Conversion Notice and surrender of this Note
      to
      Borrower. Borrower shall, immediately following such conversion, deliver to
      such
      person as the Holder of this Note shall designate in the Conversion Notice
      a
      certificate or certificates for the number of securities comprising the Equity
      Units to which the Lender shall be entitled.

     

    (b) Mechanics
      and Effect of Conversion.
      Upon a
      conversion of this Note, the Borrower shall be forever released from all of
      its
      obligation and liabilities under this Note, except, the Borrower shall be
      obligated to pay the Lender, within ten (10) days after the date of such
      conversion, any interest accrued and unpaid to and including the date of such
      conversion (absent conversion of said interest to Notes upon mutual agreement
      of
      the parties), and no more, to the extent the Lender has not elected to convert
      said interest to Equity Units or New Company Securities as provided in Section
      9.2.

     

    9.3 Subdivision
      or Combination of Shares of Capital Stock.
      If the
      Borrower at any time subdivides one or more classes of its outstanding shares
      of
      capital stock into a greater number of shares of capital stock (or units
      thereof), or decreases the percentage interest attributable to any shares of
      capital stock, the Conversion Price in effect immediately prior to such
      subdivision will be proportionately reduced. If the Borrower at any time
      combines one or more classes of its outstanding shares of capital stock into
      a
      smaller number of shares of capital stock or increases the percentage interest
      attributable to the shares of capital stock, the Conversion Price in effect
      immediately prior to such combination will be proportionately
      increased.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    9.4 Organic
      Change.
      Prior
      to the consummation of any Organic Change (as defined below), Borrower will
      make
      appropriate provisions to insure that the Lender will thereafter have the right
      to acquire and receive, in lieu of or in addition to the shares of capital
      stock
      in Borrower immediately theretofore acquirable and receivable upon the
      conversion of this Note, such shares of stock, membership interests, partnership
      interests, securities or assets as such Lender would have received in connection
      with such Organic Change if the Lender had converted this Note immediately
      prior
      to such Organic Change. In any such case, Borrower will make appropriate
      provisions to insure that the provisions of this Section 9.4 will thereafter
      be
      applicable to this Note (including, an immediate adjustment of the Conversion
      Price to the value for the shares of capital stock in Borrower reflected by
      the
      terms of such Organic Change and a corresponding immediate adjustment in the
      number of shares of capital stock acquirable and receivable upon conversion
      of
      this Note, if the value so reflected is less than the Conversion Price in effect
      immediately prior to such Organic Change). The Borrower will not effect any
      such
      Organic Change, unless prior to the consummation thereof, the successor company
      resulting from such Organic Change assumes by written instrument either: (i)
      the
      obligation to deliver to Lender such shares of stock, securities or assets
      as,
      in accordance with the foregoing provisions, Lender may be entitled to acquire;
      or (ii) the obligation to pay to the Lender, should the Lender elect to convert
      this Note following such Organic Change, an amount of value equivalent to what
      the Lender would have received pursuant to subparagraph (i) indicated above
      as
      of the date of the Organic Change. All other terms of this Note shall remain
      in
      full force and effect following such an Organic Change. The provisions of this
      Section 9.4 shall similarly apply to successive Organic Changes.

     

    As
      used
      herein, the term “Organic Change” shall mean any merger, consolidation,
      combination, recapitalization, reorganization, or other change in, or with
      respect to, the shares of capital stock in Borrower, including, without
      limitation, any amendment to the certificate of incorporation of Borrower which
      effects any such change.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the undersigned have executed this Agreement as of the date
      first set forth above in one or more counterparts, all of which when taken
      as a
      whole shall be binding upon the parties.

     

    
      	
              COMPANY:

            	 	
              LENDERS:

            
	 	 	
               

            
	
              Capital
                Growth Systems, Inc.,
                a Florida

            	 	
              /s/

            
	
              corporation

            	 	
              [Signature]

            
	 	 	 
	 	 	 
	
              By:

            	
              /s/
                Douglas Stukel

            	 	
              [Print
                Name]

            
	
              Its:

            	
              Executive
                Vice President

            	 	 
	 	 	 
	 	 	 
	 	 	
              [Signature]

            
	 	 	 
	 	 	 
	 	 	
              [Print
                Name]

            
	 	 	 

    

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

       

    

    
      Schedule
        to Exhibit 10.6

      The
        agreements listed below are substantially identical to this exhibit and are
        not
        being filed separately as exhibits pursuant to Rule 12b-31 promulgated under
        the
        Exchange Act.

    
      	
              Mellon
                Enterprises, Limited Partnership

            	 	 	
              August
                24, 2006

            	 
	
              Mellon
                Enterprises, Limited Partnership

            	 	 	
              August
                24, 2006

            	 
	
              David
                J. Lies

            	 	 	
              August
                24, 2006

            	 
	
              Albert
                Pick III

            	 	 	
              August
                24, 2006

            	 
	
              Norman
                Siegel

            	 	 	
              August
                24, 2006

            	 
	
              Dr.
                Fred Edminson

            	 	 	
              August
                24, 2006

            	 
	
              Nicholas
                D’Andrea

            	 	 	
              August
                24, 2006

            	 
	
              Jeffrey
                A. Thompson

            	 	 	
              August
                24, 2006

            	 
	
              Michael
                Reardon

            	 	 	
              August
                24, 2006

            	 
	
              Rosalie
                D’Andrea

            	 	 	
              August
                24, 2006

            	 
	
              Dr.
                Joseph Marconi

            	 	 	
              August
                24, 2006

            	 
	
              Richard
                Rizzo

            	 	 	
              August
                24, 2006

            	 
	
              Scott
                Mitchell

            	 	 	
              August
                24, 2006

            	 
	
              John
                Lindon

            	 	 	
              August
                24, 2006

            	 
	
              Robert
                Donofrio

            	 	 	
              August
                24, 2006

            	 
	
              Richard
                A. Levy

            	 	 	
              August
                24, 2006

            	 
	
              Hyatt
                Johnson Capital LLC

            	 	 	
              August
                24, 2006

            	 
	
              Jason
                Hyatt

            	 	 	
              August
                24, 2006

            	 
	
              Jason
                Hyatt

            	 	 	
              August
                24, 2006

            	 
	
              Cabrien,
                Inc.

            	 	 	
              August
                24, 2006

            	 
	
              Philip
                C. Cohen

            	 	 	
              August
                24, 2006

            	 
	
              Michael
                Demnicki

            	 	 	
              August
                24, 2006

            	 
	
              John
                Murrens

            	 	 	
              August
                24, 2006

            	 
	
              Thomas
                R. Murrens

            	 	 	
              August
                24, 2006

            	 
	
              Raymond
                Cahnman

            	 	 	
              August
                24, 2006

            	 
	
              Michael
                Joss

            	 	 	
              August
                24, 2006

            	 
	
              Garry
                Lakin

            	 	 	
              August
                24, 2006

            	 
	
              Donald
                O. Johnson

            	 	 	
              August
                24, 2006

            	 
	
              LaSalle
                20/20 Lender, LLC

            	 	 	
              August
                24, 2006

            	 
	
              Sam
                Sallerson

            	 	 	
              August
                24, 2006

            	 
	
              Jonathon
                Piser

            	 	 	
              August
                24, 2006

            	 
	
              Aldia
                Trust

            	 	 	
              August
                24, 2006

            	 
	
              Thomas
                G. Hudson 

            	 	 	
              August
                24, 2006

            	 
	
              Patrick
                Shutt

            	 	 	
              August
                24, 2006

            	 
	
              Scott
                Mitchell

            	 	 	
              August
                24, 2006

            	 
	
              Norman
                Siegel

            	 	 	
              August
                24, 2006

            	 
	
              Gerald
                F. Rozek

            	 	 	
              August
                24, 2006

            	 
	
              Warren
                Iola

            	 	 	
              August
                24, 2006

            	 
	
              Lou
                Orenstein

            	 	 	
              August
                24, 2006EXHIBIT
      10.7

     

    AGREEMENT

    

    THIS
      AGREEMENT (the “Agreement”) is made this 24th day of August, 2006 (the
“Agreement Date”) by and among Capital Growth Systems, Inc., a Florida
      corporation (“CGSY”) and Mellon Enterprises, LLC or its assigns
      (“Mellon”).

     

    R
      E C I T
      A L S

     

    A. On
      even
      date herewith, Mellon is entering into a purchase agreement with Como
      Investments Series A LLC, an Illinois limited liability company (“Como”) to
      acquire from Como that
      certain New Bridge Convertible Promissory Note,
      dated
September
      23,
      2005,
      issued by 20/20
      Technologies, Inc.
      (“20/20
      Inc.”),
      20/20
      Technologies, LLC,
      and
Magenta
      Netlogic Limited d/b/a/
      CSB
      Global, Ltd.,
      (collectively, the “Debtors”)
      issued
      pursuant to that certain Loan
      and
      Security Agreement dated
      September 19, 2005, between the Debtors
      and
      Como in
      the
      aggregate original principal amount of $440,000 (the “Note”),
      and
certain
      warrants held by Como to
      acquire
      an aggregate of 563,330
      shares
      of
      Series C Preferred Shares of 20/20
      Inc.
      (collectively, the “Como
      Warrants”)
      for an
      amount equal to 112.5% of the outstanding principal amount of the Note or
      $495,000 (the “Purchase Agreement”). Defined terms used herein but not otherwise
      defined shall be defined as set forth in the Purchase
      Agreement.

     

    B. In
      consideration of Mellon’s obligation to purchase the Note and Como Warrants from
      Como on the terms and conditions set forth in the Purchase Agreement and other
      good and valuable consideration, CGSY desires to grant Mellon a warrant to
      purchase shares of common stock of CGSY, based upon the terms and condition
      contained herein.

     

    NOW
      THEREFORE, in consideration of the mutual promises contained herein and for
      good
      and valuable consideration, the receipt and sufficiency of which are hereby
      acknowledged, the parties hereto agree as follows:

     

    1.  Debt
      Purchase.
      Mellon
      hereby agrees to purchase the Note and Como Warrants for the Purchase Price
      set
      forth in Section 3 the Purchase Agreement.

     

    2.  Issuance
      of Warrant.
      Upon
      execution and delivery of the Purchase Agreement by each of the parties thereto,
      CGSY shall issue to Mellon a warrant to acquire 250,000 shares of CGSY’s common
      stock (the “Warrant Shares”) at a strike price equal to $.65 per share of CGSY’s
      common stock to be issued in the form set forth on Exhibit A (the
“Warrant”).

     

    3.  Representations.
      In
      connection with the issuance of the Warrant, and any subsequent issuance of
      Warrant Shares, Mellon represents and warrants to CGSY as follows:

     

    (a)  Investigation;
      Economic Risk. Mellon acknowledges that it has had an opportunity to discuss
      the
      business, affairs and current prospects of CGSY with its officers. Mellon
      further acknowledges having had access to information about CGSY that it has
      requested. Mellon acknowledges that it is able to fend for itself in the
      transactions contemplated by this Agreement and has the ability to bear the
      economic risks of its investment pursuant to this Agreement. Mellon is an
      Accredited Investor (as that term is defined in Rule 501 of Regulation D
      promulgated under the Securities Act of 1933, as amended (the
“Act”)).

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    (b)  Purchase
      for Own Account. The Warrant and the Warrant Shares will be acquired for its
      own
      account, not as a nominee or agent, and not with a view to or in connection
      with
      the sale or distribution of any part thereof.

     

    (c)  Exempt
      from Registration; Restricted Securities. Mellon understands that the Warrant
      and the Warrant Shares will not be registered under the Act, on the ground
      that
      the issuance provided for in this Agreement is exempt from registration under
      the Act, and that the reliance of CGSY on such exemption is predicated in part
      on Mellon’s representations set forth in this Agreement. Mellon understands that
      the Warrant and the Warrant Shares are restricted securities within the meaning
      of Rule 144 under the Act; and that the Warrant and the Warrant Shares are
      not
      registered and must be held indefinitely unless they are subsequently registered
      or an exemption from such registration is available.

     

    (d)  Restrictive
      Legends. It is understood that each certificate representing (a) the Warrant,
      (b) the Warrant Shares, and (c) any other securities issued in respect of the
      any of the foregoing upon any stock split, stock dividend, recapitalization,
      merger or similar event shall be stamped or otherwise imprinted with a legend
      substantially in the following form: 

     

    (e)  THE
      SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
      ACT
      OF 1933, AS AMENDED (THE “ACT”), OR UNDER THE SECURITIES LAWS OF ANY STATES.
      THESE SECURITIES ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE
      AND
      MAY NOT BE TRANSFERRED OR RESOLD EXCEPT AS PERMITTED UNDER THE ACT AND THE
      APPLICABLE STATE SECURITIES LAWS, PURSUANT TO REGISTRATION OR EXEMPTION
      THEREFROM. INVESTORS SHOULD BE AWARE THAT THEY MAY BE REQUIRED TO BEAR THE
      FINANCIAL RISKS OF THIS INVESTMENT FOR AN INDEFINITE PERIOD OF TIME. THE ISSUER
      OF THESE SECURITIES MAY REQUIRE AN OPINION OF COUNSEL IN FORM AND SUBSTANCE
      REASONABLY SATISFACTORY TO THE ISSUER TO THE EFFECT THAT ANY PROPOSED TRANSFER
      OR RESALE IS IN COMPLIANCE WITH THE ACT AND ANY APPLICABLE STATE SECURITIES
      LAWS.

     

    (f)  Removal
      of Restrictive Legend. The legend set forth above shall be removed by CGSY
      from
      any certificate evidencing the Warrant or Warrant Shares upon delivery to CGSY
      of an opinion by counsel, reasonably satisfactory to CGSY, that a registration
      statement under the Act is at that time in effect with respect to the legended
      security or that such security can be freely transferred in a public sale
      without such a registration statement being in effect and that such transfer
      will not eliminate the exemption or exemptions from registration pursuant to
      which CGSY issued the Warrant or Warrant Shares.

     

    4.  Representations
      and Warranties of CGSY.
      CGSY
      hereby represents and warrants to Mellon, as of the Agreement Date:

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    (a)  CGSY
      has
      the right, power, legal capacity and authority to execute and enter into this
      Agreement and to execute all other documents and perform all other acts to
      be
      executed or performed by it as may be necessary in connection with the
      performance of this Agreement; 

     

    (b)  The
      execution and delivery of this Agreement and such other agreements and
      instruments by CGSY, including the Warrant, and the consummation by CGSY of
      the
      transactions contemplated hereby have been duly authorized by the CGSY.

     

    (c)  Neither
      the execution, delivery or performance of this Agreement by CGSY, nor the
      consummation of the transactions contemplated herein will result in a breach
      or
      violation of, or default under, or conflict with, any law, rule, regulation,
      judgment, order, decree, mortgage, agreement, indenture, instrument or
      arrangement applicable to CGSY, or any contract or agreement to which CGSY
      is a
      party or by which CGSY is bound.

     

    (d)  No
      approval or consent not heretofore obtained by any person or entity is necessary
      in connection with the execution of this Agreement or the consummation of the
      transactions contemplated hereby. 

     

    (e)  From
      and
      after the issue date of the Warrant, CGSY will at all times reserve and keep
      available, solely for issuance and delivery on the exercise of the Warrant,
      such
      number of shares of its common stock as may from time to time be issuable on
      the
      exercise of the Warrant.

     

    (f)  The
      Warrant Shares, when issued upon exercise of this Warrant and payment therefor
      in accordance with the terms of this Warrant, shall be duly and validly issued
      and fully paid and nonassessable.

     

    5.  Assignment
      and Parties in Interest.
      This
      Agreement shall inure to the benefit of and be binding upon the parties named
      herein and their respective successors and assigns. No party may assign any
      rights hereunder without the consent of the other party; provided Mellon may
      assign this Agreement, to any party which is not a competitor with CGSY,
      provided that such assignee agrees and acknowledges that they are bound by
      the
      terms of this Agreement, and the related documents and instruments.

     

    6.  Governing
      Law.
      This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of Illinois.

     

    7.  Entire
      Agreement.
      This
      Agreement and the exhibits attached hereto constitute the entire agreement
      among
      the parties, and supersede all prior oral or written agreements, understandings,
      representations and warranties, and courses of conduct and dealing between
      the
      parties on the subject matter hereof. This Agreement may be amended or modified
      only by a writing executed by all parties hereto.

     

    8.  Section
      Headings.
      The
      headings contained in this Agreement are for reference only and shall not affect
      the interpretation of this Agreement.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

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

     

    IN
      WITNESS WHEREOF, the parties hereto have executed this Side Agreement as of
      the
      day and year first above written.

    

     

    
      	 	 	 
	 	Capital
              Growth Systems, Inc.
	 
 	 
 	 
 
	 	By:  	/s/ Thomas
              Hudson
	 	
              
Thomas
              Hudson, CEO
	 	 

    

     

    
      	 	 	 
	 	
              Mellon
                Enterprises, LLC

            
	 
 	 
 	 
 
	 	By:  	/s/ George
              A. Mellon 
	 	
              
George
              A. Mellon
	 	Its:
              President

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    

    Exhibit
      A

    

    Form
      of
      Warrant

    

    

    

    

    

    

    

    

    See
      attached

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    THIS
      CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
      AMENDED, OR UNDER ANY APPLICABLE STATE SECURITIES LAW, AND IN THE ABSENCE OF
      SUCH REGISTRATION MAY NOT BE SOLD OR TRANSFERRED UNLESS THE ISSUER OF THIS
      WARRANT HAS RECEIVED AN OPINION OF ITS COUNSEL, OR OF COUNSEL REASONABLY
      SATISFACTORY TO IT, THAT THE PROPOSED SALE OR TRANSFER WILL NOT VIOLATE THE
      REGISTRATION REQUIREMENTS OF THE SECURITIES ACT OR ANY APPLICABLE STATE
      SECURITIES LAW.

    

    

    Warrant
      No. _____

    

    Issue
      Date: August 24, 2006

    

    

    WARRANT
      TO PURCHASE COMMON STOCK OF

    

    CAPITAL
      GROWTH SYSTEMS, INC.

    (a
      Florida corporation)

    

    This
      is
      to certify that Mellon Enterprises, LLC, or its permitted assigns (“Holder”), is
      entitled to purchase, subject to the provisions of this Warrant, from Capital
      Growth Systems, Inc., its successors and assigns (the “Company”), at any time on
      or after the Issue Date and for a period of five (5) years after the Issue
      Date
      (the “Exercise Period”), 250,000 shares of Common Stock (the “Warrant Shares”),
      for an exercise price equal to $.65 per share of Common Stock to be issued
      hereunder.

    

    The
      number of shares of Common Stock to be received upon the exercise of this
      Warrant and the exercise price to be paid for a share of Common Stock may be
      adjusted from time to time as herein set forth. The exercise price for the
      shares of Common Stock in effect at any time is hereinafter sometimes referred
      to as the “Exercise Price.”

    

    1.  Method
      of Exercise.
      Subject
      to the other provisions of this Warrant, this Warrant may only be exercised
      in
      whole or in part during the Exercise Period by (i) payment of the Exercise
      Price
      by either (A) cash or a certified or bank check, payable to the order of the
      Company or (B) a written notice to the Company that Holder is exercising this
      Warrant (or a portion thereof) by authorizing the Company to withhold from
      issuance a number of shares of Warrant Shares issuable upon exercise of this
      Warrant which when multiplied by the Market Price of the Warrant Shares is
      equal
      to the aggregate Exercise Price (and such withheld shares shall no longer be
      issuable under this Warrant), and (ii) presentation and surrender of this
      Warrant to the Company with the exercise notice substantially in the form
      attached hereto as Exhibit A
      duly
      executed (the “Exercise Notice”). Upon receipt by the Company of this Warrant
      and the Exercise Notice in proper form for exercise, the Holder shall be deemed
      to be the Holder of record of the shares of Common Stock issuable upon such
      exercise, notwithstanding that the stock transfer books of the Company shall
      then be closed or that certificates representing such shares of Common Stock
      shall not then be actually delivered to the Holder. The Company shall use its
      best efforts to issue the proper stock certificate within five (5) business
      days
      of receiving all required documentation. Such stock certificate shall bear
      such
      legends as the Company may deem necessary or appropriate.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    2.  Payment
      of Taxes.
      The
      Company shall pay all expenses in connection with the issue or delivery of
      this
      Warrant, other than any tax or charge imposed by law upon Holder, in which
      case
      such taxes or charges shall be paid by Holder.

    

    3.  Fractional
      Shares.
      No
      fractional shares or scrip representing fractional shares shall be issued upon
      the exercise of this Warrant. With respect to any fraction of a share called
      for
      upon exercise hereof, the Company shall pay to the Holder an amount in cash
      equal to such fraction multiplied by the current Market Price of a full
      share.

    

    4.  Exchange,
      Assignment or Loss of Warrant.

    

    (a) Exchange.
      This
      Warrant is exchangeable, without expense, at the option of the Holder, upon
      presentation and surrender hereof to the Company for other Warrants in identical
      form of different denominations entitling the Holder thereof to purchase in
      the
      aggregate the same number of shares of Common Stock purchasable
      hereunder.

    

    (b) Assignment.
      This
      Warrant may be freely assigned and transferred by the Holder without the consent
      of the Company; provided, however, no Holder shall assign or transfer this
      Warrant (or any portion hereof) to any Person that competes in whole or in
      part
      with the Company. Any assignment shall be made by surrender of this Warrant
      to
      the Company with the assignment form substantially in the form attached hereto
      as Exhibit B
      duly
      executed (the “Assignment Form”). The Company shall, within five (5) business
      days of receipt of the Warrant and Assignment Form, execute and deliver a new
      Warrant in identical form in the name of the assignee named in such instrument
      of assignment and this Warrant shall promptly be canceled, subject to such
      assignee’s acknowledgement and consent to be bound by the terms this Warrant and
      the documents and instruments related thereto. This Warrant may be divided
      or
      may be combined with other Warrants which carry the same rights upon
      presentation hereof at the office of the Company together with a written notice
      specifying the names and the denominations in which new Warrants are to be
      issued and signed by the Holder hereof. The term “Warrant” as used herein
      includes any Warrants issued in substitution for or replacement of this Warrant
      or into which this Warrant may be divided or exchanged.

    

    (c) Loss.
      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, and upon surrender
      and
      cancellation of this Warrant if mutilated, the Company will execute and will
      deliver a new Warrant in identical form. Any such new Warrant executed and
      delivered shall constitute an additional contractual obligation on the part
      of
      the Company, whether or not this Warrant so lost, stolen, destroyed or mutilated
      shall be at any time enforceable by anyone.

    

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

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    6.  Exercise
      Price.
      In
      order to prevent dilution of the exercise rights granted hereunder, the Exercise
      Price will be subject to adjustment from time to time pursuant to this
      Section 6.

    

    (a) Adjustments
      for Other Dividends and Distributions.
      In the
      event the Company at any time prior to the expiration of this Warrant makes
      or
      issues, or fixes a record date for the determination of holders of Common Stock
      entitled to receive, a dividend or other distribution payable in securities
      of
      the Company other than shares of Common Stock, then and in each such event
      provision shall be made so that the Holder shall receive upon exercise thereof,
      in addition to the number of shares of Common Stock receivable thereupon, the
      amount of securities of the Company which the Holder would have received had
      this Warrant been exercised for Common Stock on the date of such event and
      had
      the Holder thereafter, during the period from the date of such event to and
      including the exercise date, retained such securities receivable by the Holder
      as aforesaid during such period, subject to all other adjustments called for
      during such period under this Section 6 with respect to the rights of the Holder
      of this Warrant.

    

    (b) Subdivision
      or Combination of Common Stock.
      If the
      Company at any time subdivides (by any stock split, stock dividend,
      recapitalization or otherwise) one or more classes of its outstanding shares
      of
      Common Stock into a greater number of shares, the number of shares of Common
      Stock for which this Warrant is exercisable shall immediately be proportionately
      increased, and if the Company at any time combines (by reverse stock split
      or
      otherwise) one or more classes of its outstanding shares of Common Stock into
      a
      smaller number of shares, the number of shares of Common Stock for which this
      Warrant is exercisable shall immediately be proportionately
      decreased.

    

    (c) Reorganization,
      Reclassification, Consolidation, Merger or Sale.
      Any
      capital reorganization, reclassification, consolidation, merger or sale of
      all
      or substantially all of the Company’s assets to another Person which is effected
      in such a way that holders of Common Stock are entitled to receive (either
      directly or upon subsequent liquidation) stock, securities or assets with
      respect to or in exchange for Common Stock is referred to herein as an “Organic
      Change”. Prior to the consummation of any Organic Change, the Company shall
      provide Holder with notice of such Organic Change, such notice to be at least
      thirty (30) days prior to the consummation of the Organic Change. The Holder
      shall have a period of thirty (30) days to exercise this Warrant (which exercise
      may be conditioned upon the consummation of the Organic Change), and upon
      consummation of the Organic Change, this Warrant and any unexercised Warrant
      Shares shall automatically terminate. In the event the Organic Change is not
      consummated, this Warrant shall remain in full force and effect.

    

    (d) Certain
      Events.
      If any
      event occurs of the type contemplated by the provisions of this Section 6
      but not expressly provided for by such provisions, then the Company’s board of
      directors and the Company will make an appropriate adjustment in the Exercise
      Price so as to protect the rights of the Holder hereunder.

    

    7. Definitions.
      

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    (a)  “Common
      Stock” means, collectively, the Company’s common stock, par value
      $.0001.

    

    (b)  “Market
      Price” of any security means the average of the closing prices of such
      security’s sales on all securities exchanges on which such security may at the
      time be listed, or, if there has been no sales on any such exchange on any
      day,
      the average of the highest bid and lowest asked prices on all such exchanges
      at
      the end of such day, or, if on any day such security is not so listed, the
      average of the representative bid and asked prices quoted in the NASDAQ System
      as of 4:00 P.M., New York time, or, if on any day such security is not quoted
      in
      the NASDAQ System, the average of the highest bid and lowest asked prices on
      such day in the domestic over-the-counter market as reported by the National
      Quotation Bureau, Incorporated, or any similar successor organization, in each
      such case averaged over a period of 21 days consisting of the day as of which
      “Market Price” is being determined and the 20 consecutive business days prior to
      such day. If at any time such security is not listed on any securities exchange
      or quoted in the NASDAQ System or the over-the-counter market, the “Market
      Price” will be the fair value thereof determined by the Company’s board of
      directors, in good faith.

    

    (c)  “Person”
      means an individual, a partnership, a limited liability company, a corporation,
      an association, a joint stock company, a trust, a joint venture, an
      unincorporated organization and a governmental entity or any department, agency
      or political subdivision thereof.

    

    8. Notices.
      Except
      as otherwise expressly provided, all notices referred to herein will be in
      writing and will be delivered by registered or certified mail, return receipt
      requested, postage prepaid and will be deemed to have been given when so mailed
      (i) to the Company at its principal executive offices, and (ii) to Holder at
      Holder’s address as provided to the Company in writing from time to
      time.

    

    9. Applicable
      Law.
      This
      Warrant shall be governed by and construed in accordance with the laws of the
      State of Illinois.

    

    IN
      WITNESS WHEREOF, Capital Growth Systems, Inc. has caused this Warrant to be
      signed by its duly authorized officer and dated as of the date set forth
      above.

     

    
      	 	 	 
	 	CAPITAL
              GROWTH SYSTEMS, INC.
	 
 	 
 	 
 
	 	By:  	 
	 	
              
Name:
              Thomas Hudson
	 	
              Title:
                Chief Executive Officer

            

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Exhibit
      A

    

    Exercise
      Notice

    

    

    [To
      be
      executed only upon exercise of Warrant]

    

    The
      undersigned registered owner of this Warrant irrevocably exercises this Warrant
      for the purchase of __________ Shares of Common Stock of Capital Growth Systems,
      Inc. and herewith makes payment therefor, all at the price and on the terms
      and
      conditions specified in this Warrant and requests that certificates for the
      shares of Common Stock hereby purchased (and any securities or property issuable
      upon such exercise) be issued in the name of and delivered to
      _________________________ whose address is _________________________ and, if
      such shares of Common Stock shall not include all of the shares of Common Stock
      issuable as provided in this Warrant, that a new Warrant of like tenor and
      date
      for the balance of the shares of Common Stock issuable hereunder be delivered
      to
      the undersigned.

    

    

    Dated:
      __________             _________________________________

      (Name
      of Registered
      Owner)

    

      _________________________________

      (Signature
      of Registered
      Owner)

    

      _________________________________ 

      (Street
      Address)

    

      _________________________________ 

      (City)
      (State) (Zip
      Code)

    

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Exhibit
      B

    

    Assignment
      Form

    

    

    FOR
      VALUE
      RECEIVED the undersigned registered owner of this Warrant, hereby sells, assigns
      and transfers unto the Assignee named below all of the rights of the undersigned
      under this Warrant, with respect to the number of shares of Common Stock set
      forth below:

    

     

    

    
      	
              No. of Shares of
Name
                and Address of Assignee 

            	 	 Common
              Stock 	 
	 	 	 	 	 
	 	 	 	 	 

    

    

     

    

    and
      if
      such shares of Common Stock shall not include all of the shares of Common Stock
      issuable as provided in this Warrant, then new Warrants of like tenor and date
      shall be issued. The undersigned does hereby irrevocably constitute and appoint
      _________________________ attorney-in-fact to register such transfer on the
      books of Capital Growth Systems, Inc., maintained for the purpose, with full
      power of substitution in the premises.

    

    Dated:
      __________             _________________________________

      (Name
      of Registered
      Owner)

    

      _________________________________

      (Signature
      of Registered
      Owner)

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