Document:

Kunekt Corp.: Exhibit: 10.6 - Filed by newsfilecorp.com

SHARE VESTING AND REPURCHASE OPTION AGREEMENT

THIS AGREEMENT is subject to regulatory approval including a
temporary cease trade order variation order by the BC Securities Commission and
is effective as of the 31st day of March, 2011.

BETWEEN:

KUNEKT CORPORATION, a
corporation governed by the laws of the State of Nevada and having an office at
Unit 1, 12/F International Commerce Centre, 1 Austin Road West, Kowloon, Hong
Kong

(the “Company”)

AND:

MARK BRUK, a businessman with a
business address #302 – 738 Broughton Street, Vancouver, BC, Canada V6G3A7

(“Bruk”)

WHEREAS:

A. Pursuant to a share exchange agreement dated January 20,
2011, as amended March 31, 2011, among the Company, Matt Li, Beijing Yiyueqiji
Science and Technology Development Ltd., and AMS-INT Asia Limited
(“AMS”), Bruk agreed that he will surrender for cancellation to the
treasury of the Company 30,000,000 common shares in the capital stock of the
Company and the Company agreed it will issue 150,000 Class A Preferred Shares
(the “Bruk Class A Preferred Shares”); and

B. In connection with the issuance of the Bruk Class A
Preferred Shares, Bruk has agreed that 50,000 of the Bruk Class A Preferred
Shares will vest over time and may be repurchased by the Company if certain
milestones are not met.

NOW THEREFORE THIS AGREEMENT WITNESSES that in
consideration of the premises and mutual covenants, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereby agree as follows:

1.          
Definitions. 

The following terms shall have the meanings set out below
unless the context requires otherwise: 

1.1          
“Agreement” means this Share Vesting and Repurchase Option
Agreement; 

1.2          
“AMS” has the meaning ascribed to it in Recital A;

- 2 -

1.3          
“Common Shares” means common shares in the capital of the Company;

1.4          
“First Period” means the period from January 31, 2011 to October 31,
2011;

1.5          
“Class A Preferred Shares” means the Class A Preferred Shares in
the capital of the Company, which carry 100 votes at any meeting of the
shareholders of the Company and, subject to the Company having equal to or
greater than 200,000,000 authorized Common Shares, are convertible into Common
Shares at a ratio of 100 Common Shares for every one Preference Share;

1.6          
“Bruk Class A Preferred Shares” has the meaning ascribed to it in Recital
A;

1.7          
“Repurchase Price” means $0.00001 per share;

1.8          
“Revenue” means revenue as determined by US Generally Accepted Accounting
Principles and approved by the auditors of the Company;

1.9          
“Second Period” means the period from January 31, 2011 to January 31,
2012;

1.10          
“Termination Date” means the date on which all of the Bruk Class A
Preferred Shares have either been repurchased by the Company or released to
Bruk; 

1.11          
“Unreleased Shares” means any of the Bruk Class A Preferred Shares that
have not been released from this Agreement in accordance with Part 2 of this
Agreement; and

1.12          
“Verification Date” means the date that the Revenue of the Company for
the Second Period is verified by the Company’s auditors.

2.          
Repurchase Option 

2.1 If Revenue of the Company for the First Period is less than
USD$11.5 million and if Revenue of the Company for the Second Period is less
than USD$20.0 million, then the 50,000 Bruk Class A Preferred Shares shall NOT
be released from this Agreement and will be Unreleased Shares. 

3.          
Purchase Option

3.1          
The Company shall purchase any of the Unreleased Shares after the
Verification Date. The Company shall set a date for the closing of the
transaction at a place and time specified by the Company, but such closing date
will not be later than thirty (30) days following the Verification Date. At such
closing, the Company shall tender payment in full for such number of Unreleased
Shares at the Repurchase Price and the share certificates representing the
Unreleased Shares so purchased shall be cancelled. The Repurchase Price shall be
payable, at the option of the Company, by certified cheque, by bank draft, by
cancellation of any debt owed by Bruk to the Company, or a subsidiary of the
Company, or by any combination of the aforementioned methods.

3.2          
Without the written consent of the Company, Bruk will not sell, assign,
encumber, hypothecate, convey, pledge, gift, bequest, devise, or otherwise
transfer any Unreleased Shares. 

- 3 -

3.3          
Immediately after the signing of this Agreement and before any of the
Bruk Class A Preferred Shares will be issued, Bruk must deliver to the Company a
notarized stock power of attorney, the form of which is attached as Exhibit “A”,
and Bruk must leave the certificate number and the number of Class A Preferred
Shares blank. 

3.4          
Bruk hereby directs the Company to deposit the Bruk Class A Preferred
Shares in escrow or hold any Unreleased Shares in trust with the Company until
the Termination Date. Upon the release of any of the Class A Preferred Shares in
accordance with Part 2, the Company shall release such number of Class A
Preferred Shares from escrow. 

3.5          
Bruk hereby agrees that he will not exercise any rights associated with
the Unreleased Shares, including without limitation any conversion or voting
rights.

4.          
Term of Agreement

4.1          
Subject to the terms and conditions of this Agreement, this Agreement
will remain in effect until the Termination Date.

5.          
Share Certificate Legends 

5.1          
The share certificate(s) evidencing the Shares shall be endorsed with
the following legend:

THE SHARES REPRESENTED BY THIS
CERTIFICATE MAY NOT BE TRANSFERRED EXCEPT WITH THE CONSENT OF THE COMPANY AND
ONLY IN ACCORDANCE WITH AND ARE SUBJECT TO A REPURCHASE RIGHT IN FAVOUR OF THE
COMPANY PURSUANT TO THE TERMS OF A SHARE VESTING AND REPURCHASE OPTION AGREEMENT
BETWEEN THE COMPANY AND THE SHAREHOLDER, A COPY OF WHICH IS ON FILE WITH THE
SECRETARY OF THE COMPANY.

THE SECURITIES REPRESENTED HEREBY HAVE
BEEN OFFERED IN AN OFFSHORE TRANSACTION TO A PERSON WHO IS NOT A U.S. PERSON (AS
DEFINED HEREIN) PURSUANT TO REGULATION S UNDER THE UNITED STATES SECURITIES ACT
OF 1933, AS AMENDED (THE "1933 ACT"). 

NONE OF THE SECURITIES REPRESENTED
HEREBY HAVE BEEN REGISTERED UNDER THE 1933 ACT, OR ANY U.S. STATE SECURITIES
LAWS, AND, UNLESS SO REGISTERED, MAY NOT BE OFFERED OR SOLD, DIRECTLY OR
INDIRECTLY, IN THE UNITED STATES (AS DEFINED HEREIN) OR TO U.S. PERSONS EXCEPT
IN ACCORDANCE WITH THE PROVISIONS OF REGULATION S UNDER THE 1933 ACT, PURSUANT
TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE 1933 ACT, OR PURSUANT TO AN
AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION
REQUIREMENTS OF THE 1933 ACT AND IN EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE
STATE SECURITIES LAWS. IN ADDITION, HEDGING TRANSACTIONS INVOLVING THE
SECURITIES MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE 1933 ACT. "UNITED
STATES" AND "U.S. PERSON" ARE AS DEFINED BY REGULATION S UNDER THE 1933 ACT.

- 4 -

UNLESS OTHERWISE PERMITTED UNDER
SECURITIES LEGISLATION, THE HOLDER OF THIS SECURITY MUST NOT TRADE THE SECURITY
IN OR FROM BRITISH COLUMBIA UNLESS THE CONDITIONS IN SECTION 12(2) OF BC
INSTRUMENT 51-509 ISSUERS QUOTED IN THE U.S. OVER-THE-COUNTER MARKET ARE
MET.”

6.          
General

6.1          
This Agreement shall enure to the benefit of and be binding upon the
parties to this Agreement and their respective heirs, executors, administrators,
successors and assigns. Bruk shall not transfer any of the Bruk Class A
Preferred Shares unless the person, firm, corporation or other entity to whom
they are transferred agrees in writing to be bound by this Agreement, in form
acceptable to the Company acting reasonably.

6.2          
Any notice required or permitted to be given to any of the parties to
this Agreement will be in writing and may be given by prepaid registered post,
electronic facsimile transmission or other means of electronic communication
capable of producing a printed copy to the address of such party first above
stated or such other address as any party may specify by notice in writing to
the other parties

6.3          
If any provision of this Agreement is held to be unenforceable, then the
remaining provisions will continue in full force and effect. The parties will in
good faith negotiate a mutually acceptable and enforceable substitute for the
unenforceable provision, which substitute will be as consistent as possible with
the original intent of the parties.

6.4          
The rights and obligations of the parties under this Agreement may be
amended or waived only by a written instrument effecting such amendment or
waiver signed by all of the parties hereto.

6.5          
The parties will execute such further assurances and other documents
and instruments and do such further and other things as may be necessary to
implement and carry out the intent of this Agreement. 

6.6          
Both parties to this Agreement acknowledge and agree that Clark Wilson
LLP has acted as counsel only to the Company and is not protecting the rights
and interests of Bruk. Bruk acknowledges and agrees that the Company and Clark
Wilson LLP have given him the opportunity to seek, and hereby recommend that
Bruk obtain independent legal advice with respect to the subject matter of this
Agreement and, further, Bruk hereby represents and warrants to the Company and
Clark Wilson LLP that Bruk has sought independent legal advice or waives such
advice.

6.7          
This Agreement and the agreements and instruments referred to herein
constitute the entire agreement between the parties with respect to the subject
matter hereof and supersedes all prior negotiations, proposals and agreements,
whether oral or written, with respect to the subject matter hereof.

6.8          
Each party acknowledges that time is of the essence in performance of its
obligations under this Agreement.

- 5 -

6.9          
This Agreement shall be governed by and construed in accordance with
the laws of the state of Nevada. The parties attorn to the exclusive
jurisdiction of the courts located in the State of Nevada.

6.10          
This Agreement may be executed in two or more counterparts, each of
which shall be deemed an original, but all of which together shall constitute
one and the same instrument. 

IN WITNESS THEREOF this Agreement has been executed by
the parties on the date first above written. 

	KUNEKT CORPORATION 

Per:   "signed"                                                    

            
      Authorized Signatory 
	THIS AGREEMENT IS
      SUBJECT TO REGULATORY
      APPROVAL INCLUDING A TEMPORARY
      CEASE TRADE ORDER VARIATION
      ORDER BY THE BC
      SECURITIES COMMISSION.

	SIGNED, SEALED and DELIVERED by 	 	) 	 
	MARK BRUK in the presence of: 	 	) 	 
	  	 	) 	 
	  	 	) 	 
	Signature 	 	) 	 
	  	 	) 	/s/MARK BRUK
	Print Name 	 	) 	 MARK BRUK
    
	  	 	) 	 
	Address 	 	) 	THIS AGREEMENT IS SUBJECT TO REGULATORY APPROVAL INCLUDING A TEMPORARY CEASE TRADE ORDER VARIATION ORDER BY THE BC SECURITIES COMMISSION. 
	  	 	) 
	  	 	) 
	  	 	) 
	Occupation 	 	) 
	  	 	       

Exhibit A

POWER OF ATTORNEY TO TRANSFER SHARES

FOR VALUE RECEIVED the undersigned hereby sells, assigns and
transfers unto Kunekt Corporation a total of ____________class A preferred
shares standing in the name of the undersigned on the books of Kunekt
Corporation, represented by certificate number _____and hereby irrevocably
constitutes and appoints Kunekt Corporation the attorney of the undersigned to
transfer the said shares on the books of the said Kunekt Corporation with full
power of substitution in the premises.

DATED at _______________, ________________this _____day of
____________ ,20____.

	Signed in the presence of: 	) 	  
	  	) 	  
	  	) 	  
	  	) 	 
    
	  	) 	MARK BRUKWARP 9, INC.
                          SECURITIES PURCHASE AGREEMENT

         This SECURITIES  PURCHASE AGREEMENT (this "Agreement") made as of April
6, 2011 between WARP 9, INC., a Nevada  corporation (the  "Company"),  and WINGS
FUND, INC. (the "Purchaser").

                              W I T N E S S E T H:

         WHEREAS,  the Company  desires to issue and sell to the Purchaser,  and
the Purchaser  desires to purchase from the Company,  units (the "Units") of the
Company's  securities (the number and purchase date of which is set forth on the
signature  page hereof),  each Unit  consisting of one (1) share of common stock
(the "Shares"),  par value $0.001 per share, of the Company (the "Common Stock")
and a five-year warrant to purchase ONE (1) share of Common Stock, substantially
in the form  attached  hereto  as  Exhibit  A,  upon the  terms  and  conditions
hereinafter  set forth.  Each  warrant  included  in the Units shall be issuable
after the Company implements its planned  one-for-five reverse stock split which
split will not change the number of authorized  shares of the  Company's  common
and  preferred  stock (i.e.  the number of  authorized  shares of the  Company's
common  and  preferred  stock  will  remain  500,000,000  shares,  comprised  of
495,000,000  shares of common stock and  5,000,000  shares of  preferred  stock)
(referred to as the "Split Effective Date," as defined in Section 4.1(a) of this
Agreement) and shall be exercisable to purchase ONE (1) share of Common Stock at
$0.0006 per share on a pre reverse stock-split basis (i.e. $0.003 per share on a
post reverse  stock-split  basis) (the  "Warrants" and together with the Shares,
the "Securities").

         WHEREAS,  the Company and the Purchaser  are  executing and  delivering
this  Agreement in reliance  upon the  exemption  from  securities  registration
afforded by the  provisions  of Section 4(2) of the  Securities  Act of 1933, as
amended (the "Securities  Act"), as promulgated by the United States  Securities
and Exchange Commission (the "SEC") under the Securities Act.

         NOW,  THEREFORE,  in  consideration  of the  premises  and  the  mutual
representations  and  covenants  hereinafter  set forth,  the parties  hereto do
hereby agree as follows:

I. PURCHASE OF UNITS AND REPRESENTATIONS BY PURCHASER
-----------------------------------------------------

         The Purchaser  hereby  irrevocably  agrees to purchase from the Company
such  number of Units,  and the  Company  agrees to sell to the  Purchaser  such
number of Units, as is set forth on the signature page hereof,  at a price equal
to $0.0006 per Unit  calculated  prior to the Split Effective Date. The purchase
price is payable by wire transfer of immediately available funds to:

<PAGE>

                               WIRE INSTRUCTIONS:

                  Routing Transit Number: _____________

                  Bank Name: Bank of America.

                  [Street Address]

                  [City, State Zip]

                  Account Number: ______________

                  Account Name: Warp 9, Inc.

         1.1 The  Purchaser  recognizes  that  the  purchase  of the  Securities
involves a high degree of risk including, but not limited to, the following: (a)
the Company remains a development  stage business with limited operating history
and requires  substantial  funds in addition to the proceeds from this purchase;
(b) an investment in the Company is highly  speculative,  and only investors who
can afford the loss of their entire investment should consider  investing in the
Company and the  Securities;  (c) the Purchaser may not be able to liquidate its
investment;  (d) transferability of the Securities is extremely limited;  (e) in
the event of a disposition,  the Purchaser  could sustain the loss of its entire
investment; (f) the Company has not paid any dividends on its Common Stock since
its inception and does not  anticipate  paying any dividends in the  foreseeable
future; and (g) the Company may issue additional  securities in the future which
have  rights  and  preferences  that are  senior  to those of the  Shares  being
subscribed to hereunder.

         1.2 The  Purchaser  represents  that the  Purchaser  is an  "accredited
investor" as such term is defined in Rule 501 of Regulation D  ("Regulation  D")
promulgated under the Securities Act, as indicated by the Purchaser's  responses
to the questions contained in Article VII hereof, and that the Purchaser is able
to bear the economic risk of an investment in the Units.

         1.3 The  Purchaser  hereby  acknowledges  and  represents  that (a) the
Purchaser has knowledge and experience in business and financial matters,  prior
investment  experience,  including investment in securities that are non-listed,
unregistered  and/or not traded on a national securities exchange nor on NASDAQ,
or the Purchaser has employed the services of a "purchaser  representative"  (as
defined in Rule 501 of Regulation D), attorney and/or  accountant to read all of
the documents  furnished or made  available by the Company both to the Purchaser
and to all other prospective  investors in the Securities to evaluate the merits
and risks of such an investment  on the  Purchaser's  behalf;  (b) the Purchaser
recognizes  the  highly  speculative  nature  of  this  investment;  and (c) the
Purchaser is able to bear the economic risk that the Purchaser hereby assumes.

         1.4 The Purchaser  hereby  acknowledges  receipt and careful  review of
this Agreement,  the Company's filings with the SEC (the "Company Filings"), and
any  documents  which may have been made  available  upon  request as  reflected
therein  (collectively  referred  to as the  "Offering  Materials")  and  hereby
represents  that the  Purchaser  has been  furnished  by the Company  during the
course of the purchase with all information regarding the Company, the terms and
conditions of the purchase and any additional information that the Purchaser has
requested  or desired to know,  and has been  afforded  the  opportunity  to ask
questions  of and  receive  answers  from  duly  authorized  officers  or  other
representatives  of the  Company  concerning  the  Company  and  the  terms  and
conditions of the purchase.

                                      -2-
<PAGE>

         1.5      (a) In making the  decision to invest in the  Securities,  the
Purchaser has relied solely upon the information  provided by the Company in the
Offering Materials. To the extent necessary,  the Purchaser has retained, at its
own expense,  and relied upon  appropriate  professional  advice  regarding  the
investment,  tax and legal merits and  consequences  of this  Agreement  and the
purchase  of the  Units  hereunder.  The  Purchaser  disclaims  reliance  on any
statements made or information provided by any person or entity in the course of
Purchaser's  consideration of an investment in the Units other than the Offering
Materials.

                  (b)  The  Purchaser  represents  that  (i) the  Purchaser  was
contacted  regarding the sale of the Securities by the Company (or an authorized
agent or representative thereof) with whom the Purchaser had a prior substantial
pre-existing  relationship  and (ii) no Securities were offered or sold to it by
means  of any  form of  general  solicitation  or  general  advertising,  and in
connection  therewith,   the  Purchaser  did  not  (A)  receive  or  review  any
advertisement,  article,  notice or other communication published in a newspaper
or magazine or similar  media or broadcast  over  television  or radio,  whether
closed  circuit,  or generally  available;  or (B) attend any seminar meeting or
industry  investor  conference  whose  attendees  were  invited  by any  general
solicitation or general advertising.

         1.6 The  Purchaser  hereby  represents  that the  Purchaser,  either by
reason of the  Purchaser's  business or financial  experience or the business or
financial  experience  of  the  Purchaser's   professional   advisors  (who  are
unaffiliated with and not compensated by the Company or any affiliate or selling
agent of the Company,  directly or indirectly),  has the capacity to protect the
Purchaser's  own  interests  in  connection  with the  transaction  contemplated
hereby.

         1.7 The Purchaser hereby  acknowledges that this Agreement has not been
reviewed by the SEC nor any state  regulatory  authority  since the  purchase is
intended to be exempt  from the  registration  requirements  of Section 5 of the
Securities  Act,  pursuant to Regulation D. The Purchaser  understands  that the
Units  have not been  registered  under  the  Securities  Act or under any state
securities  or  "blue  sky"  laws and  agrees  not to sell,  pledge,  assign  or
otherwise transfer or dispose of the Securities unless they are registered under
the Securities Act and under any applicable  state securities or "blue sky" laws
or unless an exemption from such registration is available.

         1.8 The  Purchaser  understands  that  the  Securities  have  not  been
registered  under the Securities Act by reason of a claimed  exemption under the
provisions of the Securities  Act that depends,  in part,  upon the  Purchaser's
investment intention.  In this connection,  the Purchaser hereby represents that
the  Purchaser  is  purchasing  the Units for the  Purchaser's  own  account for
investment and not with a view toward the resale or distribution to others.  The
Purchaser,  if an  entity,  further  represents  that it was not  formed for the
purpose of purchasing the Units.

         1.9  The  Purchaser  consents  to  the  placement  of a  legend  on any
certificate or other document  evidencing  the Securities  that such  Securities
have not been  registered  under the Securities  Act or any state  securities or
"blue  sky"  laws  and  setting  forth  or  referring  to  the  restrictions  on
transferability  and sale thereof contained in this Agreement.  The Purchaser is

                                      -3-
<PAGE>

aware that the Company  will make a notation  in its  appropriate  records  with
respect to the  restrictions  on the  transferability  of such  Securities.  The
legend to be placed on each certificate shall be in form  substantially  similar
to the following:

         "THE  SECURITIES   REPRESENTED  BY  THIS   CERTIFICATE  HAVE  NOT  BEEN
         REGISTERED  UNDER THE SECURITIES ACT OF 1933, AS AMENDED AND MAY NOT BE
         SOLD,  TRANSFERRED,  PLEDGED,  HYPOTHECATED OR OTHERWISE DISPOSED OF IN
         THE  ABSENCE  OF (I)  AN  EFFECTIVE  REGISTRATION  STATEMENT  FOR  SUCH
         SECURITIES  UNDER SAID ACT OR (II) AN OPINION OF COMPANY  COUNSEL  THAT
         SUCH REGISTRATION IS NOT REQUIRED."

         1.10 The  Purchaser  understands  that the  Company  will  review  this
Agreement  and is hereby given  authority by the  Purchaser to call  Purchaser's
bank or place of  employment or otherwise  review the financial  standing of the
Purchaser;  and it is further agreed that the Company,  at its sole  discretion,
reserves the unrestricted right,  without further  documentation or agreement on
the part of the Purchaser,  to reject or limit any purchase, to accept purchases
for fractional  Units and to withdraw the offer to the Purchaser at any time and
that the Company will issue stop  transfer  instructions  to its transfer  agent
with respect to the Shares.

         1.11 The Purchaser hereby  represents that the address of the Purchaser
furnished by Purchaser on the signature page hereof is the Purchaser's principal
residence if Purchaser is an individual or its principal  business address if it
is a corporation or other entity.

         1.12 The  Purchaser  represents  that the  Purchaser has full power and
authority  (corporate,  statutory  and  otherwise)  to execute and deliver  this
Agreement and to purchase the Units. This Agreement constitutes the legal, valid
and binding  obligation of the Purchaser,  enforceable  against the Purchaser in
accordance with its terms.

         1.13 If the Purchaser is a corporation,  partnership, limited liability
company,  trust,  employee benefit plan,  individual  retirement account,  Keogh
Plan, or other  tax-exempt  entity,  it is authorized and qualified to invest in
the Company and the person  signing this  Agreement on behalf of such entity has
been duly authorized by such entity to do so.

         1.14  The  Purchaser  acknowledges  that  if he or she is a  Registered
Representative of an FINRA member firm, he or she must give such firm the notice
required  by the  FINRA's  Rules of Fair  Practice,  receipt  of  which  must be
acknowledged by such firm in Section 7.4 below.

         1.15 The  Purchaser  acknowledges  that at such time,  if ever,  as the
Shares and the Common Stock  underlying the Warrants are registered  pursuant to
the Securities Act, sales of the Securities will be subject to state  securities
laws.

         1.16 The  Purchaser  and the  Company  agree  not to issue  any  public
statement with respect to the Purchaser's  investment or proposed  investment in
the  Company or the terms of any  agreement  or  covenant  between  them and the
Company without the other party's prior written consent, except such disclosures
as may be required under applicable law or under any applicable  order,  rule or
regulation.  The Company  agrees not to disclose the Purchaser by name in any of

                                      -4-
<PAGE>

the Company's filings with the Securities and Exchange  Commission,  except such
disclosures  as may be required  under  applicable  law or under any  applicable
order, rule or regulation.

         1.17 The  Purchaser  agrees  to hold  the  Company  and its  directors,
officers,  employees,  affiliates,  controlling  persons  and  agents  and their
respective  heirs,  representatives,  successors  and  assigns  harmless  and to
indemnify them against all liabilities, costs and expenses incurred by them as a
result of (a) any sale or  distribution  of the  Securities  by the Purchaser in
violation of the Securities Act or any applicable state securities or "blue sky"
laws;  or (b) any false  representation  or warranty or any breach or failure by
the  Purchaser  to  comply  with  any  covenant  made by the  Purchaser  in this
Agreement  (including  the  Confidential  Investor  Questionnaire  contained  in
Article VII herein) or any other  document  furnished by the Purchaser to any of
the foregoing in connection with this transaction.

II. REPRESENTATIONS BY AND COVENANTS OF THE COMPANY
---------------------------------------------------

         The Company hereby represents and warrants to the Purchaser that:

         2.1  ORGANIZATION,  GOOD STANDING AND  QUALIFICATION.  The Company is a
corporation duly organized, validly existing and in good standing under the laws
of the State of Nevada and has full corporate power and authority to conduct its
business.

         2.2  CAPITALIZATION  AND VOTING RIGHTS. The authorized capital stock of
the Company consists of 495,000,000  shares of Common Stock of which 340,579,815
shares are issued and  outstanding  and 19,325,000  shares of Common Stock which
are reserved for issuance  under the Company's  stock option plan. The shares of
issued and outstanding  capital stock of the Company have been duly  authorized,
validly  issued,  fully paid and are  nonassessable.  Except as described in the
Offering  Materials  and  Company  Filings,  there are no  outstanding  options,
warrants, agreements,  convertible securities, preemptive rights or other rights
to  subscribe  for or to purchase  any shares of capital  stock of the  Company.
Except as otherwise  required by law, there are no restrictions  upon the voting
or transfer of any of the shares of capital stock of the Company pursuant to the
Company's Articles of Incorporation (the "Articles of Incorporation"), Bylaws or
other  governing  documents or any agreement or other  instruments  to which the
Company is a party or by which the Company is bound.

         2.3 AUTHORIZATION; ENFORCEABILITY. The Company has all corporate right,
power  and  authority  to  enter  into  this  Agreement  and to  consummate  the
transactions  contemplated  hereby.  All  corporate  action  on the  part of the
Company,  its directors  and  stockholders  necessary for the (a)  authorization
execution,  delivery and  performance of this Agreement by the Company;  and (b)
authorization,  sale, issuance and delivery of the Units contemplated hereby and
the  performance  of the Company's  obligations  hereunder has been taken.  This
Agreement has been duly executed and delivered by the Company and  constitutes a
legal,  valid and binding  obligation  of the Company,  enforceable  against the
Company in  accordance  with its terms,  subject to laws of general  application
relating to  bankruptcy,  insolvency  and the relief of debtors and rules of law
governing specific  performance,  injunctive relief or other equitable remedies,
and to limitations of public policy. The Securities,  when issued and fully paid
for in  accordance  with the terms of this  Agreement,  will be validly  issued,

                                      -5-
<PAGE>

fully paid and nonassessable.  The issuance and sale of the Shares  contemplated
hereby will not give rise to any preemptive rights or rights of first refusal on
behalf  of any  person  which  have not been  waived  in  connection  with  this
offering.

         2.4 NO CONFLICT; GOVERNMENTAL CONSENTS.

                  (a)  The  execution  and  delivery  by  the  Company  of  this
Agreement and the consummation of the transactions  contemplated hereby will not
result in the violation of any material law, statute, rule,  regulation,  order,
writ,  injunction,  judgment or decree of any court or governmental authority to
or by which the  Company  is  bound,  or of any  provision  of the  Articles  of
Incorporation or Bylaws of the Company, and will not conflict with, or result in
a  material  breach  or  violation  of,  any of the terms or  provisions  of, or
constitute  (with  due  notice or lapse of time or both) a  default  under,  any
lease, loan agreement,  mortgage,  security agreement,  trust indenture or other
agreement or  instrument to which the Company is a party or by which it is bound
or to which  any of its  properties  or  assets is  subject,  nor  result in the
creation or imposition  of any lien upon any of the  properties or assets of the
Company.

                  (b) No consent, approval,  authorization or other order of any
governmental  authority is required to be obtained by the Company in  connection
with the  authorization,  execution  and delivery of this  Agreement or with the
authorization,  issue and sale of the Securities,  except such filings as may be
required  to be made with the SEC,  FINRA,  NASDAQ and with any state or foreign
blue sky or securities regulatory authority.

         2.5 LICENSES. Except as disclosed in the Company Filings, , the Company
has sufficient licenses, permits and other governmental authorizations currently
required for the conduct of its business or  ownership of  properties  and is in
all material respects in compliance therewith.

         2.6 LITIGATION.  The Company knows of no pending or threatened legal or
governmental  proceedings  against the Company which could materially  adversely
affect the business,  property, financial condition or operations of the Company
or which  materially  and adversely  questions the validity of this Agreement or
any agreements related to the transactions  contemplated  hereby or the right of
the  Company  to  enter  into  any of  such  agreements,  or to  consummate  the
transactions  contemplated  hereby or  thereby.  The  Company  is not a party or
subject to the provisions of any order, writ, injunction,  judgment or decree of
any  court or  government  agency  or  instrumentality  which  could  materially
adversely affect the business,  property,  financial  condition or operations of
the  Company.  There is no action,  suit,  proceeding  or  investigation  by the
Company  currently  pending  in any court or before any  arbitrator  or that the
Company intends to initiate.

         2.7 DISCLOSURE.  The information set forth in the Offering Materials as
of the date hereof contains no untrue  statement of a material fact nor omits to
state a  material  fact  necessary  in order to make  the  statements  contained
therein,  in  light  of the  circumstances  under  which  they  were  made,  not
misleading.

                                      -6-
<PAGE>

         2.8  INVESTMENT  COMPANY.  The Company is not an  "investment  company"
within the meaning of such term under the  Investment  Company  Act of 1940,  as
amended, and the rules and regulations of the SEC thereunder.

         2.9  BROKERS.  Neither the Company nor any of the  Company's  officers,
directors,  employees  or  stockholders  has  employed  or engaged any broker or
finder in connection with the transactions contemplated by this Agreement and no
fee or other  compensation  is or will be due and owing to any  broker,  finder,
underwriter,   placement   agent  or  similar  person  in  connection  with  the
transactions  contemplated  by this  Agreement.  The Company is not party to any
agreement,  arrangement  or  understanding  whereby any person has an  exclusive
right to raise funds and/or place or purchase any debt or equity  securities for
or on behalf of the Company.

III. TERMS OF PURCHASE
----------------------

         3.1 All funds paid hereunder shall be deposited with the Company in the
account identified in Section 1.1 hereof.

         3.2  Certificates  representing  the Shares  purchased by the Purchaser
pursuant to this Agreement will be prepared for delivery to the Purchaser within
15 business days following the closing of the purchase of Shares.  The Purchaser
hereby   authorizes  and  directs  the  Company  to  deliver  the   certificates
representing  the Shares  purchased by the Purchaser  pursuant to this Agreement
directly to the  Purchaser's  residential or business  address  indicated on the
signature page hereto.

         3.3 The Company will deliver all Warrants due to the  Purchaser  within
15 business days following the date on which the Company's planned  one-for-five
reverse stock-split of its common stock is effected.

IV. CONDITIONS TO OBLIGATIONS OF THE PURCHASERS
-----------------------------------------------

         4.1 The Purchaser's  obligation to purchase the Units at the closing at
which such purchase is to be  consummated  is subject to the  fulfillment  on or
prior to such  closing of the  following  conditions,  which  conditions  may be
waived at the option of each Purchaser to the extent permitted by law:

                  (a) Stock-Split.  Prior to the closing,  the Company will have
prepared all necessary paperwork to effect a one-for-five reverse stock-split of
the Company's  common stock which split will not change the number of authorized
shares  of the  Company's  common  and  preferred  stock  (i.e.  the  number  of
authorized  shares of the  Company's  common and  preferred  stock  will  remain
500,000,000  shares), and the Company will record the one-for-five reverse stock
split of the  Company's  common  stock with the Nevada  Secretary  of State upon
satisfaction  by  the  Company  of  all  applicable   filing  and   notification
requirements of the United States Securities and Exchange Commission (the "Split
Effective Date).

                                      -7-
<PAGE>

                  (b)  COVENANTS.  All  covenants,   agreements  and  conditions
contained  in this  Agreement  to be performed by the Company on or prior to the
date of such closing shall have been  performed or complied with in all material
respects.

                  (c) NO LEGAL ORDER PENDING.  There shall not then be in effect
any legal or other order enjoining or restraining the transactions  contemplated
by this Agreement.

                  (d) NO LAW PROHIBITING OR RESTRICTING  SUCH SALE.  There shall
not be in effect any law, rule or regulation  prohibiting  or  restricting  such
sale or  requiring  any consent or approval of any person,  which shall not have
been  obtained,  to issue the Securities  (except as otherwise  provided in this
Agreement).

V. REGISTRATION RIGHTS
----------------------

         If at any time  after the date of this  Agreement,  the  Company  shall
decide to prepare and file with the SEC a registration  statement relating to an
offering for its own account or the account of others under the  Securities  Act
of any of its  equity  securities,  other  than on Form S-4 or Form S-8 (each as
promulgated  under the  Securities  Act) or their then  equivalents  relating to
equity  securities to be issued solely in connection with any acquisition of any
entity or business or equity  securities  issuable in connection  with the stock
option or other  employee  benefit  plans,  then the  Company  shall send to the
Purchaser a written  notice of such  determination  and, if within  fifteen days
after the date of such notice,  the Purchaser  shall so request in writing,  the
Company shall  include in such  registration  statement,  all or any part of the
Shares and the Common Stock  underlying the Warrants that the Purchaser  request
to be registered;  provided, however, that, the Company shall not be required to
register any shares of Common  Stock that are  eligible  for resale  pursuant to
Rule 144 promulgated  under the Securities Act or that are the subject of a then
effective   registration   statement;   provided,   further,   however,  if  the
registration so proposed by the Company involves an underwritten offering of the
securities so being registered for the account of the Company, to be distributed
by or through one or more underwriters of recognized standing,  and the managing
underwriter  of such  underwritten  offering shall advise the Company in writing
that,  in its opinion,  the  distribution  of all or a specified  portion of the
Securities  which the  Purchaser  has  requested  the  Company to  register  and
otherwise   concurrently   with  the  securities   being   distributed  by  such
underwriters  will  materially  and adversely  affect the  distribution  of such
securities by such  underwriters  (such opinion to state the reasons  therefor),
then  the  Company  will  promptly  furnish  the  Purchaser  with a copy of such
opinion,  and by providing such written notice to the Purchaser,  such Purchaser
may be denied the registration of all or a specified  portion of such Securities
(in case of such a denial as to a  portion  of such  shares  of  Common  Stock);
provided,  however,  shares to be  registered by the Company for issuance by the
Company shall have first  priority,  the Purchaser  hereunder  shall have second
priority,  and any other  shares  being  registered  on account  of other  third
parties shall have third priority.

                                      -8-
<PAGE>

VI. MISCELLANEOUS
-----------------

         6.1 Any notice or other  communication  given hereunder shall be deemed
sufficient  if in writing  and sent by  registered  or  certified  mail,  return
receipt  requested,  or  delivered  by hand against  written  receipt  therefor,
addressed as follows:

                  If to the Company, to it at:
                  Warp 9, Inc.
                  6500 Hollister Ave., Suite 120
                  Goleta, CA 93117
                  Attn: William E. Beifuss, CEO

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

                  Richardson & Associates
                  1453 Third Street #315
                  Santa Monica, CA 90401
                  Attn:  Mark J. Richardson, Esq.

                  If to the Purchaser,  to the Purchaser's  address indicated on
                  the signature page of this Agreement.

Notices  shall be deemed to have been given or delivered on the date of mailing,
except notices of change of address, which shall be deemed to have been given or
delivered when received.

         6.2 Except as otherwise  provided  herein,  this Agreement shall not be
changed,  modified  or amended  except by a writing  signed by the parties to be
charged,  and this  Agreement may not be  discharged  except by  performance  in
accordance with its terms or by a writing signed by the party to be charged.

         6.3 Subject to the provisions of Section 6.1, this  Agreement  shall be
binding  upon and  inure  to the  benefit  of the  parties  hereto  and to their
respective heirs, legal representatives,  successors and assigns. This Agreement
sets forth the entire agreement and understanding  between the parties as to the
subject  matter  hereof  and  merges  and  supersedes  all  prior   discussions,
agreements and understandings of any and every nature among them.

         6.4 Upon the execution and delivery of this Agreement by the Purchaser,
this Agreement  shall become a binding  obligation of the Purchaser with respect
to the  purchase of Units as herein  provided,  subject,  however,  to the right
hereby  reserved  by the  Company to enter into the same  agreements  with other
Purchasers and to add and/or delete other persons as Purchasers.

         6.5  NOTWITHSTANDING  THE PLACE WHERE THIS AGREEMENT MAY BE EXECUTED BY
ANY OF THE PARTIES  HERETO,  THE PARTIES  EXPRESSLY AGREE THAT ALL THE TERMS AND
PROVISIONS HEREOF SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS
OF THE  STATE  OF  CALIFORNIA  WITHOUT  REGARD  TO SUCH  STATE'S  PRINCIPLES  OF
CONFLICTS OF LAW. IN THE EVENT THAT A JUDICIAL PROCEEDING IS NECESSARY, THE SOLE
FORUM FOR RESOLVING DISPUTES ARISING OUT OF OR RELATING TO THIS AGREEMENT IS THE

                                      -9-
<PAGE>

COURTS STATE OF  CALIFORNIA  IN AND FOR THE COUNTY OF LOS ANGELES OR THE FEDERAL
COURTS FOR SUCH STATE AND COUNTY,  AND ALL RELATED APPELLATE COURTS, THE PARTIES
HEREBY IRREVOCABLY  CONSENT TO THE JURISDICTION OF SUCH COURTS AND AGREE TO SAID
VENUE.

         6.6 In order to  discourage  frivolous  claims the  parties  agree that
unless a claimant in any proceeding  arising out of this  Agreement  succeeds in
establishing   his  claim  and  recovering  a  judgment  against  another  party
(regardless of whether such claimant  succeeds  against one of the other parties
to the  action),  then the other party  shall be  entitled to recover  from such
claimant all of its/their  reasonable legal costs and expenses  relating to such
proceeding and/or incurred in preparation therefor.

         6.7 The holding of any  provision  of this  Agreement  to be invalid or
unenforceable  by a court of competent  jurisdiction  shall not affect any other
provision of this Agreement, which shall remain in full force and effect. If any
provision  of  this  Agreement  shall  be  declared  by  a  court  of  competent
jurisdiction  to be invalid,  illegal or incapable of being enforced in whole or
in part, such provision shall be interpreted so as to remain  enforceable to the
maximum  extent  permissible  consistent  with  applicable law and the remaining
conditions and provisions or portions thereof shall nevertheless  remain in full
force and  effect  and  enforceable  to the  extent  they are  valid,  legal and
enforceable, and no provisions shall be deemed dependent upon any other covenant
or provision unless so expressed herein.

         6.8 It is  agreed  that a waiver  by  either  party of a breach  of any
provision of this Agreement shall not operate,  or be construed,  as a waiver of
any subsequent breach by that same party.

         6.9  The  parties  agree  to  execute  and  deliver  all  such  further
documents,  agreements and instruments and take such other and further action as
may be  necessary  or  appropriate  to carry out the purposes and intent of this
Agreement.

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

         6.11 Nothing in this Agreement  shall create or be deemed to create any
rights in any person or entity not a party to this Agreement.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                      -10-
<PAGE>

VII. CONFIDENTIAL INVESTOR QUESTIONNAIRE
----------------------------------------

         7.1 The  Purchaser  represents  and  warrants  that he, she or it comes
within one category marked below, and that for any category  marked,  he, she or
it has truthfully set forth,  where applicable,  the factual basis or reason the
Purchaser  comes  within  that  category.  ALL  INFORMATION  IN RESPONSE TO THIS
SECTION WILL BE KEPT STRICTLY  CONFIDENTIAL.  The undersigned  agrees to furnish
any additional  information which the Company deems necessary in order to verify
the answers set forth below.

Category A  ____           The  undersigned is an individual (not a partnership,
                           corporation,  etc.) whose  individual  net worth,  or
                           joint net  worth  with his or her  spouse,  presently
                           exceeds $1,000,000,  exclusive of the value of his or
                           her primary residence.

Category B  ____           The  undersigned is an individual (not a partnership,
                           corporation,  etc.)  who had an  income  in excess of
                           $200,000  in each of the two most  recent  years,  or
                           joint  income  with his or her  spouse  in  excess of
                           $300,000  in  each  of  those  years  (in  each  case
                           including foreign income,  tax exempt income and full
                           amount of capital  gains and losses but excluding any
                           income of other  family  members  and any  unrealized
                           capital    appreciation)   and   has   a   reasonable
                           expectation  of reaching the same income level in the
                           current year.

Category C  ____           The undersigned is a director or executive officer of
                           the Company which is issuing and selling the Units.

Category D  ____           The  undersigned  is  a  bank;  a  savings  and  loan
                           association; insurance company; registered investment
                           company;  registered  business  development  company;
                           licensed small business  investment company ("SBIC");
                           or employee  benefit plan within the meaning of Title
                           1 of ERISA and (a) the investment decision is made by
                           a plan fiduciary which is either a bank,  savings and
                           loan  association,  insurance  company or  registered
                           investment  advisor, or (b) the plan has total assets
                           in excess  of  $5,000,000  or (c) is a self  directed
                           plan with investment decisions made solely by persons
                           that are accredited investors. (describe entity)

                           _____________________________________________________

                           _____________________________________________________

Category E  ____           The  undersigned  is a private  business  development
                           company  as  defined  in  section  202(a)(22)  of the
                           Investment Advisors Act of 1940. (describe entity)

                           _____________________________________________________

                           _____________________________________________________

Category F  ____           The   undersigned  is  a  corporation,   partnership,
                           Massachusetts    business    trust,   or   non-profit
                           organization  within the meaning of Section 501(c)(3)
                           of the Internal Revenue Code, in each case not formed
                           for the specific  purpose of acquiring the Shares and
                           with total assets in excess of $5,000,000.  (describe
                           entity)

                           _____________________________________________________

                           _____________________________________________________

                                      -11-
<PAGE>

Category G  ____           The  undersigned  is a trust  with  total  assets  in
                           excess of  $5,000,000,  not formed  for the  specific
                           purpose of acquiring the Units, where the purchase is
                           directed by a "sophisticated  investor" as defined in
                           Regulation 506(b)(2)(ii) under the Act.

Category H  _X_            The  undersigned is an entity (other than a trust) in
                           which  all  of  the  equity  owners  are  "accredited
                           investors"   within   one  or  more   of  the   above
                           categories. If relying upon this Category alone, each
                           equity  owner must  complete a separate  copy of this
                           Agreement. (describe entity)

                           CORPORATION
                           _____________________________________________________

Category I  ____           The  undersigned  is not within any of the categories
                           above and is therefore not an accredited investor.

                           The  undersigned  agrees  that the  undersigned  will
                           notify  the  Company  at any  time on or prior to the
                           closing  in the event  that the  representations  and
                           warranties in this Agreement  shall cease to be true,
                           accurate and complete.

         7.2 SUITABILITY (please answer each question)

         (a)  For  an  individual   Purchaser,   please  describe  your  current
employment,  including  the company by which you are employed and its  principal
business:

         _______________________________________________________________________

         _______________________________________________________________________

         (b)  For an  individual  Purchaser,  please  describe  any  college  or
graduate degrees held by you:

         _______________________________________________________________________

         _______________________________________________________________________

         (c)      For all Purchasers, please list types of prior investments:

         STOCKS, OPTIONS, PRIVATE PLACEMENTS, MUTUAL FUNDS, PENNY STOCKS
         _______________________________________________________________________

         _______________________________________________________________________

         (d) For all Purchasers,  please state whether you have  participated in
other PRIVATE PLACEMENTS before:

                           YES___X____                        NO_______

                                      -12-
<PAGE>

         (e) If your answer to  question  (d) above was "YES",  please  indicate
frequency of such prior participation in PRIVATE PLACEMENTS of:

                                                     PUBLIC OR PRIVATE COMPANIES
                PUBLIC            PRIVATE             WITH NO, OR INSIGNIFICANT,
                COMPANIES         COMPANIES             ASSETS AND OPERATIONS
                ----------------  -----------------  ---------------------------

Frequently               X                X                      X
                ----------------  -----------------  ---------------------------
Occasionally
                ----------------  -----------------  ---------------------------
Never
                ----------------  -----------------  ---------------------------

         (f) For  individual  Purchasers,  do you expect your  current  level of
income to significantly decrease in the foreseeable future:

                           YES_______                         NO_______

         (g)  For  trust,   corporate,   partnership  and  other   institutional
Purchasers,  do you expect your total  assets to  significantly  decrease in the
foreseeable future:

                           YES_______                         NO___X____

         (h) For all Purchasers, do you have any other investments or contingent
liabilities which you reasonably  anticipate could cause you to need sudden cash
requirements in excess of cash readily available to you:

                           YES_______                         NO___X____

         (i) For all Purchasers,  are you familiar with the risk aspects and the
non-liquidity  of  investments  such as the  securities  for  which  you seek to
subscribe?

                           YES____X___                        NO_______

         (j) For all Purchasers, do you understand that there is no guarantee of
financial  return on this  investment  and that you run the risk of losing  your
entire investment?

                           YES____X___                        NO_______

         7.3 MANNER IN WHICH TITLE IS TO BE HELD. (circle one)

                           (a)      Individual Ownership
                           (b)      Community Property
                           (c)      Joint Tenant with Right of
                                    Survivorship (both parties must sign)
                           (d)      Partnership*
                           (e)      Tenants in Common
                           (f)      COMPANY*
                                    --------
                           (g)      Trust*
                           (h)      Other*

         *If  Securities  are being  subscribed  for by an entity,  the attached
Certificate of Signatory must also be completed.

                                      -13-
<PAGE>

         7.4 FINRA AFFILIATION.

Are you affiliated or associated with a FINRA member firm (please check one):

                           YES_______                         NO___X____

If Yes, please describe:

________________________________________________________________________________

________________________________________________________________________________

*If Purchaser is a Registered  Representative with a FINRA member firm, have the
following acknowledgment signed by the appropriate party:

The undersigned FINRA member firm acknowledges receipt of the notice required by
Article 3, Sections 28(a) and (b) of the Rules of Fair Practice.

__________________________________
Name of FINRA Member Firm

By: ______________________________
         Authorized Officer

Date: ____________________________

         7.5 The  undersigned is informed of the  significance to the Company of
the foregoing representations and answers contained in the Confidential Investor
Questionnaire  contained in this Article VI and such answers have been  provided
under the assumption that the Company will rely on them.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                      -14-
<PAGE>

140,095,815   UNITS  X  $0.0006/UNIT  =  $84,057.11   (THE  "PURCHASE   PRICE"),
REPRESENTING A TOTAL OF 140,095,815 PRE-SPLIT SHARES OF COMMON STOCK (28,019,037
POST-SPLIT   SHARES)  AND  140,095,815   PRE-SPLIT  WARRANT  SHARES  (28,019,037
POST-SPLIT WARRANT SHARES)

Signature                                    Signature (if purchasing jointly)

JAMES L. BARTLETT
------------------------------------         -----------------------------------
Name Typed or Printed                        Name Typed or Printed

CFO
------------------------------------         -----------------------------------
Title (if Purchaser is an Entity)            Title (if Purchaser is an Entity)

WINGS FUND, INC.
------------------------------------         -----------------------------------
Entity Name (if applicable)                  Entity Name (if applicable

5662 CALLE REAL #115
------------------------------------         -----------------------------------

Address                                      Address

SANTA BARBARA, CA 93117
------------------------------------         -----------------------------------
City, State and Zip Code                     City, State and Zip Code

(805) 964-4633
------------------------------------         -----------------------------------
Telephone-Business                           Telephone-Business

------------------------------------         -----------------------------------
Telephone-Residence                          Telephone-Residence

(805) 830-6340
------------------------------------         -----------------------------------
Facsimile-Business                           Facsimile-Business

------------------------------------         -----------------------------------
Facsimile-Residence                          Facsimile-Residence

88-0268879
------------------------------------         -----------------------------------
Tax ID # or Social Security #                     Tax ID # or Social Security #

Name in which securities should
be issued:                                   WINGS FUND, INC.
                                             -----------------------------------

Dated:   APRIL 6, 2011
-------------------------------------

         This  Stock  Purchase  Agreement  is  agreed  to  and  accepted  as  of
_______________, 2011.

                                              Warp 9, Inc.

                                              By:_______________________________
                                              Name:  William E. Beifuss, Jr.
                                              Title:   Chief Executive Officer

                                      -15-
<PAGE>

                            CERTIFICATE OF SIGNATORY

                          (To be completed if Units are
                       being subscribed for by an entity)

I, JAMES L. BARTLETT, am the CFO of WINGS FUND, INC. (the "Entity").
   -----------------         ---    ----------------

I certify that I am empowered  and duly  authorized by the Entity to execute and
carry out the terms of the  Subscription  Agreement and to purchase and hold the
Securities,  and certify further that the  Subscription  Agreement has been duly
and validly executed on behalf of the Entity and constitutes a legal and binding
obligation of the Entity.

IN WITNESS WHEREOF, I have set my hand this 6TH day of APRIL 2011
                                            ----       ----------

                                            ------------------------------------
                                            (Signature)

                                      -16-
<PAGE>
THIS  SECURITY  HAS  NOT  BEEN  REGISTERED  WITH  THE  SECURITIES  AND  EXCHANGE
COMMISSION  (THE "SEC") OR THE  SECURITIES  COMMISSION  OF ANY STATE IN RELIANCE
UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED
(THE  "SECURITIES  ACT"),  AND,  ACCORDINGLY,  MAY NOT BE OFFERED OR SOLD EXCEPT
PURSUANT TO AN EFFECTIVE  REGISTRATION  STATEMENT  UNDER THE  SECURITIES  ACT OR
PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE
REGISTRATION   REQUIREMENTS  OF  THE  SECURITIES  ACT  AND  IN  ACCORDANCE  WITH
APPLICABLE  STATE  SECURITIES  LAWS AND,  UNLESS SOLD PURSUANT TO RULE 144 UNDER
SAID ACT,  AS  EVIDENCED  BY A LEGAL  OPINION OF COUNSEL TO THE  TRANSFEROR  AND
REASONABLY  ACCEPTABLE TO THE COMPANY TO SUCH EFFECT,  THE FORM AND SUBSTANCE OF
WHICH SHALL BE  REASONABLY  SATISFACTORY  TO THE COMPANY.  THIS  SECURITY MAY BE
PLEDGED  IN  CONNECTION  WITH A  BONA  FIDE  MARGIN  ACCOUNT  WITH A  REGISTERED
BROKER-DEALER  OR OTHER BONA FIDE LOAN WITH A FINANCIAL  INSTITUTION  THAT IS AN
"ACCREDITED INVESTOR"AS DEFINED IN RULE 501(A) UNDER THE SECURITIES ACT.

                                  WARP 9, INC.

                          COMMON STOCK PURCHASE WARRANT

Warrant Number: 001                            Issuance Date: ___________, 2011
                ---

         THIS COMMON STOCK PURCHASE WARRANT (the "WARRANT")  certifies that, for
value received,  WINGS FUND, INC. (the "HOLDER") is entitled, upon the terms and
subject to the limitations on exercise and the conditions hereinafter set forth,
at any time on or after ___________,  2011 (the "ISSUANCE DATE") and on or prior
to the close of business on the five (5) year  anniversary  of the Issuance Date
but not thereafter (the "TERMINATION  Date"), to subscribe for and purchase from
Warp 9, Inc., a Nevada  corporation (the "COMPANY"),  up to 28,019,037 shares of
Common  Stock,  subject to adjustment  hereunder  (the  "WARRANT  SHARES").  The
purchase price of one share of Common Stock under this Warrant shall be equal to
$0.003, subject to adjustment hereunder (the "Exercise Price").

         SECTION 1. EXERCISE OF WARRANT.
         --------  --------------------

         (a) EXERCISE OF WARRANT. Exercise of the purchase rights represented by
this Warrant may be made,  in whole or in part, at any time or times on or after
the  Issuance  Date and on or before the  Termination  Date by  delivery  to the
Company (or such other  office or agency of the Company as it may  designate  by
notice  in  writing  to the  registered  Holder  at the  address  of the  Holder
appearing on the books of the Company) of a duly executed  facsimile copy of the
Notice of Exercise Form annexed  hereto;  and,  within three (3) Trading Days of
the date said Notice of Exercise is delivered to the Company,  the Company shall
have received  payment of the  aggregate  Exercise  Price of the shares  thereby
purchased by wire transfer or, if available,  pursuant to the cashless  exercise
procedure  specified in Section 1(b) below.  Notwithstanding  anything herein to
the  contrary,  the Holder shall not be required to  physically  surrender  this
Warrant to the Company until the Holder has purchased all of the Warrant  Shares
available  hereunder and the Warrant has been  exercised in full, in which case,
the Holder shall surrender this Warrant to the Company for  cancellation  within
three (3) Trading  Days of the date the final Notice of Exercise is delivered to
the  Company.  Partial  exercises  of this  Warrant  resulting in purchases of a
portion of the total number of Warrant Shares available hereunder shall have the
effect  of  lowering  the  outstanding  number  of  Warrant  Shares  purchasable
hereunder  in an  amount  equal  to the  applicable  number  of  Warrant  Shares
purchased.  The Holder may not exercise  this  Warrant more than ten times.  The
Holder and the  Company  shall  maintain  records  showing the number of Warrant
Shares  purchased and the date of such purchases.  The Company shall deliver any

<PAGE>

objection to any Notice of Exercise  Form within one (1) Business Day of receipt
of such notice.  In the event of any dispute or discrepancy,  the records of the
Holder shall be controlling and  determinative in the absence of manifest error.
THE HOLDER AND ANY ASSIGNEE,  BY ACCEPTANCE  OF THIS  WARRANT,  ACKNOWLEDGE  AND
AGREE  THAT,  BY REASON  OF THE  PROVISIONS  OF THIS  PARAGRAPH,  FOLLOWING  THE
PURCHASE OF A PORTION OF THE  WARRANT  SHARES  HEREUNDER,  THE NUMBER OF WARRANT
SHARES  AVAILABLE FOR PURCHASE  HEREUNDER AT ANY GIVEN TIME MAY BE LESS THAN THE
AMOUNT STATED ON THE FACE HEREOF.

         (b) CASHLESS  EXERCISE.  Notwithstanding  any provisions  herein to the
contrary,  if the Fair Market  Value (as  defined  below) of one share of Common
Stock is greater  than the  Exercise  Price (at the date of  calculation  as set
forth  below),  to the  extent  the  Holder  does not elect to pay cash upon the
deemed  exercise of this Warrant,  the Holder shall be deemed to have elected to
receive shares equal to the value (as determined  below) of this Warrant (or the
portion  thereof being  cancelled) in which event the Company shall issue to the
holder a number of shares of Common Stock computed using the following formula:

             X=Y (A-B)
             ---------
                 A

          Where    X=      the number of shares of Common  Stock to be issued to
                           the holder

                   Y=      the number of shares of Common Stock deemed purchased
                           under the  Warrant for which the Holder is not paying
                           cash

                   A=      the Fair Market  Value of one share of the  Company's
                           Common Stock (at the date of such calculation)

                   B=      Purchase  Price  (as  adjusted  to the  date  of such
                           calculation)

         For  purposes  of Rule  144  promulgated  under  the  1933  Act,  it is
intended,  subject to applicable  interpretations of the Securities and Exchange
Commission,  that the Warrant Shares issued in a cashless  exercise  transaction
shall be deemed to have been acquired by the Holder,  and the holding period for
the Warrant Shares shall be deemed to have  commenced,  on the date this Warrant
was originally issued.

         Fair Market Value of a share of Common  Stock as of a  particular  date
(the "Determination Date") shall mean:

                  (i) If the  Company's  Common  Stock is traded  on  registered
         national  securities  exchange such as NASDAQ,  AMEX or NYSE,  then the
         closing  or last  sale  price,  respectively,  reported  for  the  last
         business day immediately preceding the Determination Date;

                  (ii)  If  the  Company's  Common  Stock  is  not  traded  on a
         registered  national  securities   exchange,   but  is  traded  in  the
         over-the-counter  market,  then the  average of the closing bid and ask
         prices  reported for the last  business day  immediately  preceding the
         Determination Date;

                  (iii)  Except  as  provided  in  clause  (iv)  below,  if  the
         Company's Common Stock is not publicly  traded,  then as the Holder and
         the  Company  agree,  or in  the  absence  of  such  an  agreement,  by
         arbitration in accordance  with the rules then standing of the American
         Arbitration Association, before a single arbitrator to be chosen from a
         panel of persons  qualified  by  education  and training to pass on the
         matter to be decided; or

                                      -2-
<PAGE>

                  (iv) If the  Determination  Date is the date of a liquidation,
         dissolution  or winding  up, or any event  deemed to be a  liquidation,
         dissolution  or  winding  up  pursuant  to the  Company's  articles  of
         incorporation,  then all  amounts to be payable per share to holders of
         the Common Stock pursuant to the articles of incorporation in the event
         of such liquidation,  dissolution or winding up, plus all other amounts
         to be payable per share in respect of the Common  Stock in  liquidation
         under the articles of incorporation,  assuming for the purposes of this
         clause (iv) that all of the shares of Common Stock then  issuable  upon
         exercise of all of the Warrants are  outstanding  at the  Determination
         Date.

         (c) MECHANICS OF EXERCISE.

                  (i) DELIVERY OF CERTIFICATES  UPON EXERCISE.  Certificates for
         shares  purchased  hereunder  shall  be  transmitted  by the  Company's
         transfer  agent to the Holder by crediting  the account of the Holder's
         prime  broker with the  Depository  Trust  Company  through its Deposit
         Withdrawal  Agent  Commission  ("DWAC") system if the Company is then a
         participant  in such  system  and  either  (A)  there  is an  effective
         Registration  Statement  permitting the resale of the Warrant Shares by
         the  Holder or (B) the  shares  are  eligible  for resale by the Holder
         without volume or manner-of-sale  limitations pursuant to Rule 144, and
         otherwise by physical  delivery to the address  specified by the Holder
         in the Notice of Exercise  by the date that is three (3)  Trading  Days
         after the latest of (A) the  delivery  to the  Company of the Notice of
         Exercise  Form,  (B) surrender of this Warrant (if  required),  and (C)
         payment of the aggregate  Exercise Price as set forth above  (including
         by cashless  exercise,  if permitted)  (such date,  the "WARRANT  SHARE
         DELIVERY DATE"). This Warrant shall be deemed to have been exercised on
         the first date on which all of the foregoing have been delivered to the
         Company.  The Warrant  Shares shall be deemed to have been issued,  and
         Holder or any other person so  designated  to be named therein shall be
         deemed  to have  become a  holder  of  record  of such  shares  for all
         purposes,  as of the date the Warrant has been exercised,  with payment
         to the  Company of the  Exercise  Price (or by  cashless  exercise,  if
         permitted)  and all taxes  required to be paid by the  Holder,  if any,
         having been paid.

                  (ii) DELIVERY OF NEW WARRANTS UPON  EXERCISE.  If this Warrant
         shall have been exercised in part, the Company shall, at the request of
         a Holder and upon surrender of this Warrant certificate, at the time of
         delivery  of  the  certificate  or  certificates  representing  Warrant
         Shares, deliver to Holder a new Warrant evidencing the rights of Holder
         to purchase the unpurchased  Warrant Shares called for by this Warrant,
         which new Warrant  shall in all other  respects be identical  with this
         Warrant.

                  (iii) NO FRACTIONAL  SHARES OR SCRIP. No fractional  shares or
         scrip representing  fractional shares shall be issued upon the exercise
         of this  Warrant.  As to any fraction of a share which the Holder would
         otherwise  be  entitled  to purchase  upon such  exercise,  the Company
         shall, at its election, either pay a cash adjustment in respect of such
         final  fraction in an amount equal to such  fraction  multiplied by the
         Exercise Price or round up to the next whole share.

                  (iv) CHARGES, TAXES AND EXPENSES. Issuance of certificates for
         Warrant Shares shall be made without charge to the Holder for any issue
         or transfer tax or other incidental  expense in respect of the issuance
         of such  certificate,  all of which taxes and expenses shall be paid by
         the Company,  and such certificates  shall be issued in the name of the
         Holder  or in such  name or names  as may be  directed  by the  Holder;
         provided,  however,  that in the event  certificates for Warrant Shares

                                      -3-
<PAGE>

         are to be  issued in a name  other  than the name of the  Holder,  this
         Warrant when  surrendered  for  exercise  shall be  accompanied  by the
         Assignment  Form  attached  hereto duly  executed by the Holder and the
         Company  may  require,  as a  condition  thereto,  the payment of a sum
         sufficient to reimburse it for any transfer tax incidental thereto.

         (d) HOLDER'S  EXERCISE  LIMITATIONS.  The Company  shall not effect any
exercise of this Warrant,  and a Holder shall not have the right to exercise any
portion of this Warrant,  pursuant to Section 1 or otherwise, to the extent that
after  giving  effect  to such  issuance  after  exercise  as set  forth  on the
applicable   Notice  of  Exercise,   the  Holder  (together  with  the  Holder's
Affiliates,  and any other Persons acting as a group together with the Holder or
any of the  Holder's  Affiliates),  would  beneficially  own  in  excess  of the
Beneficial  Ownership  Limitation  (as  defined  below).  For  purposes  of  the
foregoing  sentence,  the number of shares of Common Stock beneficially owned by
the Holder and its Affiliates shall include the number of shares of Common Stock
issuable upon exercise of this Warrant with respect to which such  determination
is being  made,  but shall  exclude  the number of shares of Common  Stock which
would be issuable upon (i) exercise of the  remaining,  nonexercised  portion of
this Warrant  beneficially owned by the Holder or any of its Affiliates and (ii)
exercise or conversion of the unexercised or  nonconverted  portion of any other
securities of the Company (including, without limitation, any other Common Stock
Equivalents)  subject to a limitation on conversion or exercise analogous to the
limitation  contained  herein  beneficially  owned by the  Holder  or any of its
Affiliates.  Except as set forth in the preceding sentence, for purposes of this
Section 1(d),  beneficial  ownership  shall be  calculated  in  accordance  with
Section  13(d) of the  Exchange  Act and the rules and  regulations  promulgated
thereunder,  it  being  acknowledged  by the  Holder  that  the  Company  is not
representing  to the Holder that such  calculation is in compliance with Section
13(d) of the Exchange Act and the Holder is solely responsible for any schedules
required to be filed in accordance therewith.  To the extent that the limitation
contained  in this  Section  1(d)  applies,  the  determination  of whether this
Warrant is  exercisable  (in  relation to other  securities  owned by the Holder
together  with  any  Affiliates)  and  of  which  portion  of  this  Warrant  is
exercisable shall be in the sole discretion of the Holder, and the submission of
a Notice of Exercise shall be deemed to be the Holder's determination of whether
this Warrant is exercisable (in relation to other securities owned by the Holder
together  with  any  Affiliates)  and  of  which  portion  of  this  Warrant  is
exercisable,  in each case subject to the Beneficial Ownership  Limitation,  and
the Company  shall have no  obligation to verify or confirm the accuracy of such
determination.   In  addition,  a  determination  as  to  any  group  status  as
contemplated  above shall be determined in accordance  with Section 13(d) of the
Exchange Act and the rules and regulations promulgated thereunder.  For purposes
of this Section 1(d), in determining the number of outstanding  shares of Common
Stock, a Holder may rely on the number of outstanding  shares of Common Stock as
reflected in (A) the Company's most recent  periodic or annual report filed with
the Commission, as the case may be, (B) a more recent public announcement by the
Company or (C) a more recent written notice by the Company or the Transfer Agent
setting forth the number of shares of Common Stock outstanding. Upon the written
or oral request of a Holder,  the Company  shall within two Trading Days confirm
orally and in  writing  to the Holder the number of shares of Common  Stock then
outstanding. In any case, the number of outstanding shares of Common Stock shall
be determined after giving effect to the conversion or exercise of securities of
the Company,  including this Warrant,  by the Holder or its Affiliates since the
date as of which such number of outstanding shares of Common Stock was reported.
The "BENEFICIAL  OWNERSHIP  LIMITATION"  shall be 4.99%, or 9.99% if the Company
does  not have  any  class of  securities  registered  under  Section  12 of the
Exchange  Act,  of  the  number  of  shares  of  the  Common  Stock  outstanding
immediately  after  giving  effect to the  issuance  of  shares of Common  Stock
issuable  upon  exercise of this  Warrant.  The Holder may decrease or, upon not
less than 61 days' prior  notice to the Company,  may  increase  the  Beneficial
Ownership Limitation provisions of this Section 1(d). Any such increase will not
be  effective  until the 61st day after such notice is delivered to the Company.
The provisions of this paragraph  shall be construed and implemented in a manner
otherwise  than in  strict  conformity  with the terms of this  Section  1(d) to
correct  this  paragraph  (or any  portion  hereof)  which may be  defective  or
inconsistent with the intended Beneficial  Ownership Limitation herein contained

                                      -4-
<PAGE>

or to make changes or supplements necessary or desirable to properly give effect
to such limitation. The limitations contained in this paragraph shall apply to a
successor holder of this Warrant.

         SECTION 2. CERTAIN ADJUSTMENTS.
         ------------------------------

         (a) STOCK DIVIDENDS AND SPLITS. If the Company,  at any time while this
Warrant  is  outstanding:  (i)  pays a  stock  dividend  or  otherwise  makes  a
distribution or  distributions on shares of its Common Stock or any other equity
or equity equivalent  securities  payable in shares of Common Stock (which,  for
avoidance  of doubt,  shall not include any shares of Common Stock issued by the
Company upon exercise of this Warrant),  (ii) subdivides  outstanding  shares of
Common Stock into a larger number of shares, (iii) combines (including by way of
reverse stock split) outstanding shares of Common Stock into a smaller number of
shares or (iv)  issues by  reclassification  of shares of the  Common  Stock any
shares of capital  stock of the Company,  then in each case the  Exercise  Price
shall be multiplied by a fraction of which the numerator  shall be the number of
shares  of  Common  Stock  (excluding   treasury  shares,  if  any)  outstanding
immediately  before such event and of which the denominator  shall be the number
of shares of Common  Stock  outstanding  immediately  after such event,  and the
number of shares issuable upon exercise of this Warrant shall be proportionately
adjusted  such that the  aggregate  Exercise  Price of this Warrant shall remain
unchanged.  Any  adjustment  made  pursuant to this  Section  2(a) shall  become
effective   immediately   after  the  record  date  for  the   determination  of
stockholders  entitled to receive such dividend or distribution and shall become
effective  immediately  after the effective  date in the case of a  subdivision,
combination or re-classification.

         (b) SUBSEQUENT EQUITY SALES. If the Company or any Subsidiary  thereof,
as  applicable,  at any time while this  Warrant is  outstanding,  shall sell or
grant  any  option  to  purchase,  or sell or grant  any  right to  reprice,  or
otherwise dispose of or issue (or announce any offer,  sale, grant or any option
to purchase or other  disposition) any Common Stock or Common Stock  Equivalents
entitling any Person to acquire  shares of Common Stock,  or adjust,  whether by
operation of purchase price adjustment, reset provision,  floating conversion or
otherwise,  any  outstanding  warrant,  option or other right to acquire  Common
Stock or outstanding Common Stock  Equivalents,  at an effective price per share
less than the then Exercise Price (such lower price,  the "BASE SHARE PRICE" and
such issuances collectively,  a "DILUTIVE ISSUANCE"), then until this Warrant is
no longer  outstanding,  the  Exercise  Price shall be reduced to the Base Share
Price.  The  Company  shall  notify the Holder,  in  writing,  no later than the
Trading  Day  following  the  issuance  of any  Common  Stock  or  Common  Stock
Equivalents  subject to this Section  2(b),  indicating  therein the  applicable
issuance price, or applicable reset price, exchange price,  conversion price and
other pricing terms (such notice, the "DILUTIVE ISSUANCE NOTICE").  For purposes
of clarification, whether or not the Company provides a Dilutive Issuance Notice
pursuant to this Section 2(b),  upon the  occurrence  of any Dilutive  Issuance,
after the date of such  Dilutive  Issuance the Holder is entitled to receive the
benefit  of the  adjusted  Exercise  Price  regardless  of  whether  the  Holder
accurately refers to the adjusted Exercise Price in the Notice of Exercise.

                  "Exempt  Issuance"  means the issuance of (a) shares of Common
Stock or options to employees,  officers or directors of the Company pursuant to
any  existing  stock or option plan or any future stock option plan duly adopted
for such  purpose,  by a majority  of the  non-employee  members of the Board of
Directors or a majority of the members of a committee of non-employee  directors
established for such purpose, (b) securities upon the exercise or exchange of or
conversion  of  any  securities   issued   hereunder   and/or  other  securities
exercisable  or  exchangeable  for or  convertible  into shares of Common  Stock
issued and  outstanding on the date hereof,  provided that such  securities have
not been amended since the date hereof to increase the number of such securities
or to decrease the exercise  price,  exchange price or conversion  price of such

                                      -5-
<PAGE>

securities  and (c)  securities  issued  pursuant to  acquisitions  or strategic
transactions,  provided that any such issuance  shall only be to a Person (or to
the equity holders of a Person) which is, itself or through its subsidiaries, an
operating  company  or an owner of assets in or used in a  business  synergistic
with the business of the Company and such  acquisition or strategic  transaction
shall be likely to provide to the  Company  additional  benefits  other than the
investment of funds, and shall not include a transaction in which the Company is
issuing securities  primarily for the purpose of raising capital or to an entity
whose primary business is investing in securities.

         (c) PRO RATA  DISTRIBUTIONS.  If the  Company,  at any time  while this
Warrant is outstanding, shall distribute to all holders of Common Stock (and not
to the Holders) evidences of its indebtedness or assets (including cash and cash
dividends) or rights or warrants to subscribe for or purchase any security other
than the Common  Stock (which  shall be subject to Section  2(b)),  then in each
such case the Exercise Price 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 VWAP determined as of the record date mentioned above,
and of which the numerator  shall be such VWAP 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 or rights or warrants so distributed  applicable to one
outstanding share of the Common Stock as determined by the Board of Directors in
good faith. Additionally,  the number of Warrant Shares issuable hereunder shall
be increased  such that the aggregate  Exercise Price payable  hereunder,  after
taking into account the decrease in the  Exercise  Price,  shall be equal to the
aggregate  Exercise  Price  prior  to  such  adjustment.   In  either  case  the
adjustments  shall be  described  in a  statement  provided to the Holder 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.

                  "VWAP"  means,  for any date,  (i) the daily  volume  weighted
average  price of the Common Stock for such date on the OTC Bulletin  Board or a
registered national securities exchange, as reported by Bloomberg Financial L.P.
(based on a Trading Day from 9:30 a.m.  Eastern Time to 4:02 p.m. Eastern Time);
(ii) if the Common Stock is not then listed or quoted on the OTC Bulletin  Board
and if prices  for the  Common  Stock  are then  reported  in the "Pink  Sheets"
published  by  the  Pink  Sheets,  LLC  (or a  similar  organization  or  agency
succeeding to its functions of reporting prices),  the most recent bid price per
share of the Common  Stock so reported;  or (iii) in all other  cases,  the fair
market  value  of a share  of  Common  Stock  as  determined  by an  independent
appraiser selected in good faith by the Holder and reasonably  acceptable to the
Maker.

         (d) CALCULATIONS.  All calculations  under this Section 2 shall be made
to the nearest cent or the nearest  1/100th of a share,  as the case may be. For
purposes of this  Section 2, the number of shares of Common  Stock  deemed to be
issued  and  outstanding  as of a given  date  shall be the sum of the number of
shares  of  Common  Stock  (excluding   treasury  shares,  if  any)  issued  and
outstanding.

         (e) NOTICE TO HOLDER.  Whenever the Exercise Price is adjusted pursuant
to any  provision  of this  Section 2, the Company  shall  promptly  mail to the
Holder a notice  setting  forth the  Exercise  Price after such  adjustment  and
setting forth a brief statement of the facts requiring such adjustment.

         SECTION 3. TRANSFER OF WARRANT.
         ------------------------------

         (a)   TRANSFERABILITY.   Subject  to  compliance  with  any  applicable
securities  laws and the  conditions  set forth in  Section  3(d)  hereof,  this
Warrant  and  all  rights  hereunder   (including,   without   limitation,   any
registration  rights) are transferable,  in whole or in part, upon five (5) days
written notice to the Company and the surrender of this Warrant at the principal

                                      -6-
<PAGE>

office  of the  Company  or  its  designated  agent,  together  with  a  written
assignment  of this  Warrant  substantially  in the form  attached  hereto  duly
executed by the Holder or its agent or attorney and funds  sufficient to pay any
transfer  taxes payable upon the making of such  transfer.  Upon such  surrender
and, if required,  such  payment,  the Company  shall  execute and deliver a new
Warrant or Warrants in the name of the assignee or assignees, as applicable, and
in the denomination or denominations specified in such instrument of assignment,
and shall  issue to the  assignor a new Warrant  evidencing  the portion of this
Warrant not so  assigned,  and this Warrant  shall  promptly be  cancelled.  The
Warrant, if properly assigned in accordance herewith,  may be exercised by a new
holder for the purchase of Warrant Shares without having a new Warrant issued.

         (b) NEW  WARRANTS.  This Warrant may be divided or combined  with other
Warrants  upon  presentation  hereof at the  aforesaid  office  of the  Company,
together with a written notice  specifying the names and  denominations in which
new  Warrants  are to be issued,  signed by the Holder or its agent or attorney.
Subject  to  compliance  with  Section  3(a),  as to any  transfer  which may be
involved in such division or combination,  the Company shall execute and deliver
a new Warrant or Warrants in exchange  for the Warrant or Warrants to be divided
or combined in accordance with such notice.  All Warrants issued on transfers or
exchanges  shall be dated the  Issuance  Date and shall be  identical  with this
Warrant except as to the number of Warrant Shares issuable pursuant thereto.

         (c) WARRANT  REGISTER.  The Company shall  register this Warrant,  upon
records to be  maintained  by the Company for that  purpose,  in the name of the
record  Holder  hereof  from time to time.  The  Company  may deem and treat the
registered  Holder of this Warrant as the absolute  owner hereof for the purpose
of any  exercise  hereof or any  distribution  to the Holder,  and for all other
purposes, absent actual notice to the contrary.

         (d) COMPLIANCE WITH SECURITIES LAWS.

                  (i)  The  Holder  of  this  Warrant,   by  acceptance  hereof,
         acknowledges  that this  Warrant and the shares of Warrant  Stock to be
         issued upon exercise  hereof are being acquired solely for the Holder's
         own  account  and  not as a  nominee  for  any  other  party,  and  for
         investment,  and that the  Holder  will not  offer,  sell or  otherwise
         dispose of this  Warrant  or any  shares of Warrant  Stock to be issued
         upon  exercise  hereof  except  pursuant to an  effective  registration
         statement, or an exemption from registration,  under the Securities Act
         and any applicable state securities laws.

                  (ii) Except as provided in paragraph (iii) below, this Warrant
         and all certificates  representing  shares of Warrant Stock issued upon
         exercise  hereof  shall  be  stamped  or  imprinted  with a  legend  in
         substantially the following form:

                  THIS  WARRANT  AND THE SHARES OF COMMON  STOCK  ISSUABLE  UPON
                  EXERCISE HEREOF HAVE NOT BEEN REGISTERED  UNDER THE SECURITIES
                  ACT OF 1933,  AS AMENDED (THE  "SECURITIES  ACT") OR ANY STATE
                  SECURITIES LAWS AND MAY NOT BE SOLD,  TRANSFERRED OR OTHERWISE
                  DISPOSED OF UNLESS  REGISTERED  UNDER THE  SECURITIES  ACT AND
                  UNDER  APPLICABLE  STATE SECURITIES LAWS OR WARP 9, INC. SHALL
                  HAVE RECEIVED AN OPINION OF COUNSEL THAT  REGISTRATION OF SUCH
                  SECURITIES  UNDER THE  SECURITIES ACT AND UNDER THE PROVISIONS
                  OF APPLICABLE STATE SECURITIES LAWS IS NOT REQUIRED.

                                      -7-
<PAGE>

                  (iii) The restrictions imposed by this subsection (d) upon the
         transfer of this Warrant or the shares of Warrant Stock to be purchased
         upon exercise  hereof shall  terminate (A) when such  securities  shall
         have been resold pursuant to an effective  registration statement under
         the  Securities  Act, (B) upon the  Company's  receipt of an opinion of
         counsel, in form and substance reasonably  satisfactory to the Company,
         addressed  to the Company to the effect that such  restrictions  are no
         longer required to ensure  compliance with the Securities Act and state
         securities  laws or (C) upon the  Company's  receipt of other  evidence
         reasonably  satisfactory  to the  Company  that such  registration  and
         qualification  under the Securities Act and state  securities  laws are
         not required.  Whenever such restrictions  shall cease and terminate as
         to any such securities, the Holder thereof shall be entitled to receive
         from the Company (or its transfer agent and registrar), without expense
         (other than  applicable  transfer  taxes, if any), new Warrants (or, in
         the case of shares of Warrant Stock,  new stock  certificates)  of like
         tenor not bearing the  applicable  legend  required by  paragraph  (ii)
         above relating to the Securities Act and state securities laws.

         (e) REPRESENTATION BY THE HOLDER. The Holder, by the acceptance hereof,
represents and warrants that it is acquiring this Warrant and, upon any exercise
hereof, will acquire the Warrant Shares issuable upon such exercise, for its own
account and not with a view to or for  distributing or reselling such Warrant or
Warrant Shares;  provided that this representation  shall not be breached by any
act of the Holder that complies with the Securities Act and any applicable state
securities law.

         SECTION 4. REGISTRATION RIGHTS.
         ------------------------------

         If at any time  during  the term of this  Warrant,  the  Company  shall
decide to prepare and file with the SEC a registration  statement relating to an
offering for its own account or the account of others under the  Securities  Act
of any of its  equity  securities,  other  than on Form S-4 or Form S-8 (each as
promulgated  under the  Securities  Act) or their then  equivalents  relating to
equity  securities to be issued solely in connection with any acquisition of any
entity or business or equity  securities  issuable in connection  with the stock
option or other  employee  benefit  plans,  then the  Company  shall send to the
Holder a written notice of such  determination and, if within fifteen days after
the date of such  notice,  the Holder  shall so request in writing,  the Company
shall  include in such  registration  statement,  all or any part of the and the
Common Stock  underlying  the Warrants that the Holder request to be registered;
provided,  however,  that,  the Company  shall not be  required to register  any
shares of  Common  Stock  that are  eligible  for  resale  pursuant  to Rule 144
promulgated under the Securities Act or that are the subject of a then effective
registration  statement;  provided,  further,  however,  if the  registration so
proposed by the Company  involves an underwritten  offering of the securities so
being registered for the account of the Company, to be distributed by or through
one or more underwriters of recognized standing, and the managing underwriter of
such  underwritten  offering  shall advise the Company in writing  that,  in its
opinion,  the distribution of all or a specified portion of the shares of Common
Stock  which the Holder has  requested  the Company to  register  and  otherwise
concurrently  with the securities being  distributed by such  underwriters  will
materially  and adversely  affect the  distribution  of such  securities by such
underwriters (such opinion to state the reasons therefor), then the Company will
promptly furnish the Holder of shares of Common Stock hereto with a copy of such
opinion,  and by providing such written notice to the Holder, such Holder may be
denied the  registration of all or a specified  portion of such shares of Common
Stock (in case of such a denial as to a portion of such shares of Common Stock);
provided,  however,  shares to be  registered by the Company for issuance by the

                                      -8-
<PAGE>

Company  shall  have first  priority,  the Holder  hereunder  shall have  second
priority,  and any other  shares  being  registered  on account  of other  third
parties shall have third priority.

         5. MISCELLANEOUS.
         ----------------

         (a) NO RIGHTS AS  STOCKHOLDER  UNTIL  EXERCISE.  This  Warrant does not
entitle  the  Holder  to any  voting  rights,  dividends  or other  rights  as a
stockholder of the Company prior to the exercise  hereof as set forth in Section
1(c)(i).

         (b) LOSS,  THEFT,  DESTRUCTION  OR MUTILATION  OF WARRANT.  The Company
covenants that upon receipt by the Company of evidence  reasonably  satisfactory
to it of the loss, theft, destruction or mutilation of this Warrant or any stock
certificate  relating  to the  Warrant  Shares,  and in case of  loss,  theft or
destruction,  of indemnity or security reasonably  satisfactory to it (which, in
the case of the  Warrant,  shall not include the posting of any bond),  and upon
surrender and cancellation of such Warrant or stock  certificate,  if mutilated,
the Company  will make and deliver a new  Warrant or stock  certificate  of like
tenor  and  dated  as of such  cancellation,  in lieu of such  Warrant  or stock
certificate.

         (c) SATURDAYS, SUNDAYS, HOLIDAYS, ETC. If the last or appointed day for
the  taking of any action or the  expiration  of any right  required  or granted
herein shall not be a Business Day, then, such action may be taken or such right
may be exercised on the next succeeding Business Day.

         (d) AUTHORIZED  SHARES.  The Company  covenants that, during the period
the Warrant is  outstanding,  it will reserve from its  authorized  and unissued
Common  Stock a  sufficient  number of shares to provide for the issuance of the
Warrant Shares upon the exercise of any purchase rights under this Warrant.  The
Company  further  covenants  that its issuance of this Warrant shall  constitute
full authority to its officers who are charged with the duty of executing  stock
certificates  to execute and issue the  necessary  certificates  for the Warrant
Shares upon the exercise of the purchase rights under this Warrant.  The Company
will take all such  reasonable  action as may be  necessary  to assure that such
Warrant  Shares  may be issued  as  provided  herein  without  violation  of any
applicable law or regulation,  or of any requirements of the trading market upon
which the Common  Stock may be listed.  The Company  covenants  that all Warrant
Shares which may be issued upon the exercise of the purchase rights  represented
by this Warrant will, upon exercise of the purchase  rights  represented by this
Warrant,  be duly authorized,  validly issued,  fully paid and nonassessable and
free from all taxes,  liens and charges created by the Company in respect of the
issue  thereof   (other  than  taxes  in  respect  of  any  transfer   occurring
contemporaneously with such issue).

         (e)  GOVERNING  LAW;  CONSENT TO  JURISDICTION.  This Warrant  shall be
governed by, and construed in accordance with, the internal laws of the STATE OF
NEVADA,  without reference to the choice of law provisions thereof.  The Company
and, by accepting  this Warrant,  the Holder,  each  irrevocably  submits to the
exclusive  jurisdiction  of the courts of the STATE OF NEVADA  located in NEVADA
and the United States  District  Court  situated  therein for the purpose of any
suit, action,  proceeding or judgment relating to or arising out of this Warrant
and the transactions  contemplated hereby. Service of process in connection with
any such suit,  action or proceeding may be served on each party hereto anywhere
in the world by the same  methods  as are  specified  for the  giving of notices
under this Warrant. The Company and, by accepting this Warrant, the Holder, each
irrevocably  consents  to the  jurisdiction  of any such court in any such suit,
action or proceeding and to the laying of venue in such court.  The Company and,
by accepting this Warrant,  the Holder, each irrevocably waives any objection to
the  laying of venue of any such  suit,  action or  proceeding  brought  in such
courts and irrevocably waives any claim that any such suit, action or proceeding
brought in any such court has been brought in an inconvenient forum..

                                      -9-
<PAGE>

         (f)  RESTRICTIONS.  The Holder  acknowledges  that the  Warrant  Shares
acquired  upon the  exercise  of this  Warrant,  if not  registered,  will  have
restrictions upon resale imposed by state and federal securities laws.

         (g)  NONWAIVER  AND  EXPENSES.  No  course of  dealing  or any delay or
failure to exercise any right hereunder on the part of Holder shall operate as a
waiver of such right or otherwise prejudice Holder's rights, powers or remedies,
notwithstanding  the fact that all rights hereunder terminate on the Termination
Date. If the Company  willfully and knowingly fails to comply with any provision
of this  Warrant,  which  results in any  material  damages to the  Holder,  the
Company  shall pay to Holder such  amounts as shall be  sufficient  to cover any
costs and expenses  including,  but not limited to, reasonable  attorneys' fees,
including those of appellate  proceedings,  incurred by Holder in collecting any
amounts due pursuant hereto or in otherwise enforcing any of its rights,  powers
or remedies hereunder.

         (h)  NOTICES.   Unless  otherwise  provided,  any  notice  required  or
permitted  under  this  Warrant  shall be given in  writing  and shall be deemed
effectively  given as hereinafter  described (i) if given by personal  delivery,
then such  notice  shall be deemed  given upon such  delivery,  (ii) if given by
telex or  facsimile,  then such  notice  shall be deemed  given upon  receipt of
confirmation of complete  transmittal,  (iii) if given by mail, then such notice
shall be deemed  given  upon the  earlier of (A)  receipt of such  notice by the
recipient  or (B) three days after such notice is deposited in first class mail,
postage prepaid,  and (iv) if given by an internationally  recognized  overnight
air  courier,  then such notice  shall be deemed  given one  business  day after
delivery to such carrier.  All notices shall be addressed as follows:  if to the
Holder,  at its address as set forth in the Company's  books and records and, if
to the  Company,  at the  address as  follows,  or at such other  address as the
Holder or the Company may designate by ten days' advance  written  notice to the
other.(i)  LIMITATION OF LIABILITY.  No provision  hereof, in the absence of any
affirmative  action by Holder to  exercise  this  Warrant  to  purchase  Warrant
Shares, and no enumeration  herein of the rights or privileges of Holder,  shall
give rise to any liability of Holder for the purchase  price of any Common Stock
or as a stockholder  of the Company,  whether such  liability is asserted by the
Company or by creditors of the Company.

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

         (k) SUCCESSORS AND ASSIGNS. Subject to applicable securities laws, this
Warrant  and the rights and  obligations  evidenced  hereby  shall  inure to the
benefit of and be  binding  upon the  successors  and  permitted  assigns of the
Company and the  successors and permitted  assigns of Holder.  The provisions of
this  Warrant are intended to be for the benefit of any Holder from time to time
of this  Warrant  and shall be  enforceable  by the  Holder or holder of Warrant
Shares.

         (l)  AMENDMENT.  This  Warrant  may  be  modified  or  amended  or  the
provisions hereof waived with the written consent of the Company and the Holder.

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

                                      -10-
<PAGE>

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

                              ********************

                            (SIGNATURE PAGES FOLLOW)

                                      -11-
<PAGE>

                                 SIGNATURE PAGE
                                       TO
                                  WARP 9, INC.
                          COMMON STOCK PURCHASE WARRANT

         IN WITNESS WHEREOF,  the Company has caused this Warrant Number: 001 to
be executed in its name by its duly  authorized  officer,  and to be dated as of
the date first above written.

                  WARP 9, INC.

                   By:_________________________________
                           William E. Beifuss, Jr., CEO

                                      -12-
<PAGE>

                               NOTICE OF EXERCISE
                                  WARP 9, INC.
                               WARRANT NUMBER: 001

         (1) The undersigned  hereby elects to purchase  ________ Warrant Shares
of the Company  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.

         /__/ The  undersigned  represents  that this  purchase  will exceed the
Beneficial  Ownership  Limitation  described in Section 1(d) and hereby provides
the required 61 days prior notice. The Company is hereby instructed to issue the
Warrant Shares 61 days after the date of this notice.

         (2) Payment shall take the form of (check applicable box):

                  /__/ in lawful money of the United States; or

                  /__/ the  cancellation  of such number of Warrant Shares as is
necessary, in accordance with the formula set forth in Section 1(b), to exercise
this Warrant with respect to the maximum  number of Warrant  Shares  purchasable
pursuant to the cashless exercise procedure set forth in Section 1(b).

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

                     -------------------------------

         The Warrant  Shares shall be delivered  to the  following  DWAC Account
Number,  issued as DRS shares by the transfer  agent  directly to Holder,  or by
physical delivery of a certificate to:

                     -------------------------------

                     -------------------------------

          (4) ACCREDITED INVESTOR. Unless the undersigned exercises this Warrant
by cashless  exercise  pursuant to Section 1(b) of the Warrant,  the undersigned
hereby represents and warrants that it is an "accredited investor" as defined in
Regulation D  promulgated  under the  Securities  Act of 1933,  as amended,  and
satisfies the criteria set forth in Rule 501(a) therein.

         (5)  LEGEND.  Unless  otherwise  permitted  under  and  each  purchaser
signatory  thereto,  the certificates  representing these securities will bear a
legend  restricting  transfer  under the  Securities  Act and  applicable  state
securities laws. In the case of a cashless exercise 12 months after the Issuance
Date,  the Company  shall  contemporaneously  deliver the  appropriate  Rule 144
opinion  letter to its  transfer  agent with  instructions  to issue the Warrant
Shares without a restrictive legend, unless applicable law, order or regulations
prohibit such issuance.

         [SIGNATURE OF HOLDER]

         Name of Investing Entity:______________________________________________

         Signature of Authorized Signatory of Investing Entity:_________________

         Name of Authorized Signatory:__________________________________________

         Title of Authorized Signatory:_________________________________________

         Date:__________________________________________________________________

                                      -13-
<PAGE>

                                 ASSIGNMENT FORM
                                  WARP 9, INC.
                               WARRANT NUMBER: 001

(To  assign  the  foregoing  warrant,  execute  this  form and  supply  required
information. Do not use this form to exercise the warrant.)

         FOR VALUE RECEIVED,  [_] all of or [__________] shares of the foregoing
Warrant and all rights evidenced thereby are hereby assigned to

         _______________________________________________ whose address is

         _______________________________________________________________

         _______________________________________________________________.

                                                 Dated:  ______________, _______

                  Holder's Signature:
                                     ___________________________________________

                  Holder's Address:  ___________________________________________
                                     ___________________________________________
                                     ___________________________________________

Authorized Signature:
                     ___________________________________________________________

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.  Officers of corporations and those acting in a fiduciary or
other representative capacity should file proper evidence of authority to assign
the foregoing Warrant.

                                      -14-

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