Document:

AGREEMENT

 

This Agreement (“Agreement”)
dated and effective as of June 19, 2013 (the “Effective Date”), is made by and among Focus Venture Partners, Inc. (“FVP”),
Beacon Enterprise Solutions Group, Inc. (“Beacon”), and Christopher B. Ferguson (“CBF”).

 

RECITALS

 

		A.	CBF is currently employed by FVP as an executive officer;

 

		B.	CBF is a member of FVP’s board of directors (the “Board”);

 

		C.	FVP and CBF desire to enter into this Agreement with respect to certain debt of FVP that has been
guaranteed by CBF.

 

NOW, THEREFORE, in
consideration of the mutual promises and covenants set forth herein, and intending to be legally bound, the parties agree as follows:

 

AGREEMENT

 

		1.	Termination of Employment: CBF’s employment with FVP is hereby terminated as of the Effective Date.

 

		2.	Resignation as Director: As of the Effective Date, CBF resigns from FVP’s Board and
shall execute all reasonable additional documentation as required to formally effectuate his resignation from the Board.

 

		3.	Obligations of FVP: In exchange for CBF’s past, present, and future efforts and cooperation
in connection with the merger of FVP into Beacon, and for other good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged by both parties, FVP hereby agrees to the following:

 

		a.	Efforts to Cause Release of CBF From FVP Obligations. FVP shall make all commercially reasonable
efforts to cause the permanent removal and release of CBF, Lelainya Ferguson, and each of their Affiliates (as such term is defined
herein) (collectively, the “Released Parties”) from any and all personal guarantees executed by the Released Parties
for debts of FVP (the “Released Obligations”), including but not limited to promissory notes, credit cards, credit
facilities, equipment leases, capital leases, bonds, licenses, permits and insurance policies.

 

		b.	Indemnification of CBF for FVP Obligations. FVP agrees to hold harmless and indemnify CBF
against all Expenses (as such term is defined herein), judgments, penalties, fines and amounts paid in settlement actually and
reasonably incurred by the Released, or on the Released Parties’ behalf, in connection with any Claims or Proceeding arising
out of or related to the Released Obligations or any claim, issue or matter therein.

 

		c.	Payment of COBRA Costs. As of the Effective Date, CBF shall no longer be eligible to participate
in any FVP-sponsored employee benefit plans (except to the extent any such plan has a conversion option). CBF’s group medical
and/or dental insurance coverage will end on June 30, 2013. CBF will receive a separate written notice pursuant to COBRA, which
will allow CBF and his dependents to continue their group medical and/or dental insurance coverage for a period of up to eighteen
months after the Effective Date. Should CBF timely elect COBRA coverage, FVP will pay CBF’s COBRA premiums for the twelve
month period following the Effective Date. CBF will be responsible for timely providing FVP with COBRA premium invoices received
by CBF.

 

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		4.	Governing Law/Jurisdiction/Venue: This Agreement shall be governed by and construed in accordance
with the laws of the Commonwealth of Pennsylvania without regard to conflict of law principles. The
parties (i) consent to the exclusive jurisdiction and venue of the federal and state courts located in the Commonwealth of Pennsylvania,
Lehigh County, in any action arising out of or relating to this Agreement (ii) waive any objection they might have to jurisdiction
or venue of such forums or that the forum is inconvenient; and (iii) agree not to bring any such action in any other jurisdiction
or venue to which either party might be entitled by domicile or otherwise.

 

		5.	Entire Agreement: This Agreement contains the entire agreement and understanding between
the parties hereto and supersedes any prior or contemporaneous written or oral agreements, representations and warranties between
them respecting the subject matter hereof.

 

		6.	Amendment: This Agreement may be amended only by a writing signed by the parties.

 

		7.	Severability: If any term, provision, covenant or condition of this Agreement, or the application
thereof to any person, place or circumstance, shall be held to be invalid, unenforceable or void, the remainder of this Agreement
and such term, provision, covenant or condition as applied to other persons, places and circumstances shall remain in full force
and effect.

 

		8.	Construction: The headings and captions of this Agreement are provided for convenience only
and are intended to have no effect in construing or interpreting this Agreement. The language in all parts of this Agreement shall
be in all cases construed according to its fair meaning and not strictly for or against either party.

 

		9.	Rights Cumulative: The rights and remedies provided by this Agreement are cumulative, and
the exercise of any right or remedy by either party hereto (or by its successor), whether pursuant to this Agreement, to any other
agreement, or to law, shall not preclude or waive its right to exercise any or all other rights and remedies.

 

		10.	Nonwaiver: No failure or neglect of either party hereto in any instance to exercise any
right, power or privilege hereunder or under law shall constitute a waiver of any other right, power or privilege or of the same
right, power or privilege in any other instance. All waivers by either party hereto must be contained in a written instrument signed
by the party to be charged and, in the case of FVP, by an officer of the FVP or other person duly authorized by the FVP.

 

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		11.	Notices: Any notice, request, consent or approval required or permitted to be given under
this Agreement or pursuant to law shall be sufficient if in writing, and if and when sent by certified or registered mail, with
postage prepaid, to the other party.

 

		12.	Definitions: For purposes of this Agreement, the following terms shall have the following
meanings:

 

“Affiliate” means,
any entity which directly or indirectly controls, is controlled by, or is under common control with FVP for so long as such control
exists, where “control” means the decision-making authority as to such entity and, further, where such control shall
be presumed to exist where an entity owns more than fifty percent of the equity having the power to vote on or direct the affairs
of the other entity.

 

“Claims” shall
mean any and all claims, charges, complaints, demands, actions, lawsuits, liabilities, debts, dues, damages, expenses, amounts,
awards, judgments, agreements, contracts, promises, covenants, duties, obligations, liens, claims, encumbrances, security interests,
suits and causes of action, of every kind and character, whether asserted or unasserted, known or unknown, direct or indirect,
suspected or unsuspected, absolute or contingent, in law or in equity.

 

“Expenses”
shall include all reasonable attorneys’ fees, retainers, court costs, transcript costs, fees of experts, witness fees, travel expenses, duplicating costs, printing and binding costs, telephone
charges, postage, delivery service fees and all other disbursements or expenses of the types customarily incurred in connection
with prosecuting, defending, preparing to prosecute or defend, investigating, participating, or being or preparing to be a witness
in a Proceeding. Expenses also shall include Expenses incurred in connection with any appeal resulting from any Proceeding, including
without limitation the premium, security for, and other costs relating to any cost bond, supersedeas bond, or other appeal bond
or its equivalent. Expenses, however, shall not include amounts paid in settlement by the Released Parties or the amount of judgments
or fines against the Released Parties.

 

“Proceeding”
includes any threatened, pending or completed

action, suit, arbitration, alternate dispute resolution mechanism, investigation, inquiry, administrative hearing or any other
actual, threatened or completed proceeding, whether civil, criminal, administrative or investigative, in which the Released Parties,
or any one of them, were, is or will be involved as a party or otherwise, by reason of the fact that the Released Parties, or any
one of them, executed or is alleged to have executed a personal guarantee of any Released Obligation; including one pending on
or before the Effective Date of this Agreement.

 

		13.	Successors and Assigns: This Agreement shall be binding on the
Released Parties and on FVP and its successors and assigns (including any transferee of all or substantially all of its assets
and any successor by merger or otherwise by operation of law), and shall inure to the benefit of the Released Parties and each
of their heirs, personal representatives and assigns and to the benefit of FVP and its successors and assigns. FVP shall not affect
any sale of substantially all of its assets, merger, consolidation, or other reorganization in which it is not the surviving entity,
unless the surviving entity agrees in writing to assume all of FVP’s obligations under this Agreement.

 

		14.	Beacon: Beacon hereby acknowledges the terms of this Agreement.

 

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IN WITNESS WHEREOF,
the parties hereto have duly executed this Agreement as of the date set forth above.

 

 

 

	FOCUS VENTURE PARTNERS, INC.	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	By:  	 	 	 
	 	Theresa Carlise	 	Christopher B. Ferguson
	 	Chief Financial Officer	 	1758 Red Hawk Way
	 	 		Bethlehem, PA 18015

 

 

	BEACON ENTERPRISE SOLUTIONS GROUP, INC.	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	By:  	 	 	 
	 	Bruce Widener	 	 
	 	Chief Executive Officer	 	 

 

 

    	4PLEDGE AND ESCROW
AGREEMENT

 

THIS PLEDGE AND ESCROW
AGREEMENT (this “Agreement”) is made as of June 19, 2013, by and among Beacon Enterprise Solutions Group, Inc.,
a corporation organized and existing under the laws of the State of Nevada (the "Company"); Focus Venture Partners,
Inc., a corporation organized and existing under the laws of Nevada ("Focus"); the shareholders of Focus identified
on the signature page hereto (the “Pledgors”) and Sichenzia Ross Friedman Ference LLP (the "Escrow Agent").

 

W
I T N E S S E T H  T H A T:

 

WHEREAS, the Company,
Focus and Beacon Acquisition Sub, Inc. have entered into an Amended and Restated Agreement and Plan of Merger dated June 19, 2013
(the "Merger Agreement") which, among other matters, provides for the issuance of 562,276 shares of Series D Preferred
Stock of the Company to the Pledgors (the “Pledged Shares”); and

 

WHEREAS, the Pledgors
have agreed to pledge the Pledged Shares in favor of the Secured Parties to secure the Secured Liabilities (as defined below);
and

 

WHEREAS, to perfect
the pledge and security interest in the Pledged Shares, the parties have agreed that the Pledged Shares shall be held in escrow
under the terms set forth herein.

 

NOW, THEREFORE, in
consideration of the premises and the mutual covenants and agreements herein contained, and in consideration of the parties thereto
entering into the Merger Agreement, the parties hereto covenant and agree as follows:

 

I.Definitions

 

“Collateral”
means, whether now existing or hereafter acquired, arising, or coming into existence, (a) all Pledged Shares; (b) all other shares,
securities, membership interests, partnership interests, or other interests representing a dividend on any of the Pledged Shares,
or representing a distribution or return of capital upon or in respect of the Pledged Shares, or resulting from a stock split,
revision, conversion, reclassification, or other exchange therefor, and any subscriptions, warrants, rights, or options issued
to the holder of, or otherwise in respect of, the Pledged Shares; (c) in the event of any consolidation, merger, amalgamation,
or reorganization involving the Company and in which the Company is not the surviving entity, all shares of each class of the capital
stock of the successor issuer formed by or resulting from such consolidation, merger, amalgamation, or reorganization; and (d)
all proceeds and products of the foregoing, however and whenever acquired and in whatever form.

 

“Secured Liabilities”
means any losses, damages, liabilities or amounts incurred by the Secured Parties in connection with the legal proceedings identified
on Part 3.10 of the Focus Disclosure Schedule to the Merger Agreement, including, but not limited to, reasonable legal fees and
any other costs to satisfy and/or defend any and all claims that may arise in connection with such claims.

 

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“Secured Parties”
means the Company, Focus, Optos Capital Partners, LLC and each subsidiary of Optos Capital Partners, LLC as of the date hereof.

 

		II.	A.Pledge

 

Pledgors agree, solely
to the extent of their interest in the Collateral, to cause all Secured Liabilities to be promptly paid and satisfied. To secure
the full and final payment and performance of the Secured Liabilities, each Pledgor hereby pledges and grants to the Secured Parties
a lien and security interest in and to all of its present and future right, title, and interest in and to the Collateral. Neither
the Secured Parties nor the Collateral Agent shall be under any obligation to sell any of the Collateral or otherwise to take any
steps necessary to preserve the value of any of the Collateral or to preserve rights in the Collateral against any other persons,
but may do so at its option.

 

			B. Delivery of Shares

 

Concurrently with the
execution and delivery of this Agreement, (i) the Pledgors direct and authorize the Company to deliver the Pledged Shares to the
Escrow Agent, and (ii) the Pledgors shall execute and deliver stock powers separate from the certificate (“Stock Powers”)
in a form attached hereto as Exhibit A, executed in blank and medallion guaranteed. In addition, the Pledgors hereby agree to execute
such documents as the Secured Parties or the Escrow Agent may request to transfer the Pledged Shares or the Collateral as may be
required pursuant to the terms of this Agreement, including but not limited to executing Stock Powers with respect to shares received
in exchange for the Pledged Shares.

 

			C. Conversion of Pledged Shares

 

Without limiting any
of the foregoing, the parties acknowledge that the Pledged Shares are subject to automatic conversion into common stock of the
Company under the terms of the Certificate of Designation of Series D Preferred Stock filed with the Secretary of State of Nevada
on June 17, 2013, and the parties agree that Escrow Agent is hereby authorized to deliver certificates for the Pledged Shares to
the Company or the Company’s transfer agent and to take any other necessary steps in connection with any such conversion.
Each Pledgor hereby consents that from time to time with or without notice to, or assent from, such Pledgor, any other security
at any time held by or available to Secured Parties or Escrow Agent for any of the Secured Liabilities may be exchanged, surrendered,
or released and any of the Secured Liabilities may be changed, altered, renewed, extended, continued, surrendered, compromised,
waived, or released, in whole or in part, as Secured Parties or Escrow Agent may see fit, and such Pledgor shall remain bound under
this Agreement notwithstanding any such exchange, surrender, release, alteration, renewal, extension, continuance, compromise,
waiver or inaction, extension of further credit, or other dealing.

 

			D. Voting of Collateral

 

For the avoidance of
doubt, during the term of this Agreement and except for Collateral that has been transferred into the name of the Secured Parties
or their nominees in connection with the Secured Parties’ rights hereunder, each Pledgor shall have the right to vote all
or any portion of the Pledged Shares on all entity questions on which the Pledged Shares are entitled to vote. Each Pledgor represents
to Secured Parties and Escrow Agent that such Pledgor has made its own arrangements for keeping informed of changes or potential
changes affecting the Collateral (including rights to convert, rights to subscribe, payment of dividends, reorganization or other
exchanges, tender offers, and voting rights), and such Pledgor agrees that neither the Secured Parties nor the Escrow Agent shall
have any responsibility or liability for informing such Pledgor of any such changes or potential changes or for taking any action
or omitting to take any action with respect thereto.

 

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		III.	Release of Collateral

 

			A. Release to Satisfy Secured Liabilities

 

The Secured Parties
shall have the right to apply the Collateral or the proceeds from sale thereof against any and all Secured Liabilities incurred
or suffered by the Secured Parties. From time to time on or before the expiration of the term provided in Section III.B, the Secured
Parties may give written notice (a “Notice of Claim”) to the Escrow Agent and the Pledgors specifying, in the
form attached hereto as Exhibit B, the nature and amount of the claim, the value of the Collateral at the time of the Notice of
Claim, and the number of shares of Collateral to be transferred to the Secured Parties. If any Pledgor gives written notice to
the Secured Parties and Escrow Agent disputing any Notice of Claim (a “Counter Notice”) within ten (10) days
following the date of the Notice of Claim, such Notice of Claim shall be resolved as provided below. If no Counter Notice is delivered
by a Pledgor to the Secured Parties and Escrow Agent within such ten (10) day period, then the information set forth in the Notice
of Claim shall be deemed established, and the Escrow Agent shall promptly assign, pay, transfer and convey to the Secured Parties
the number of shares of Collateral specified in the Notice of Claim. If a Counter Notice is given with respect to a Claim, the
Escrow Agent shall make payment of all or a portion with respect thereto only (i) to the extent a Claim is not disputed by a Counter
Notice; (ii) in accordance with the joint written instructions of the Secured Parties and Pledgor; or (iii) in accordance with
a final non-appealable order of a court of competent jurisdiction. Any court order shall be accompanied by a legal opinion by counsel
for the presenting party to the effect that the order is final and non-appealable. The Escrow Agent shall act on such court order
and legal opinion without further question.

 

B.Release upon Expiration of
Term. Upon expiration of a period of one (1) year from the date hereof (the “Escrow Period”), the Escrow
Agent shall release to the respective Pledgors such number of shares of the Collateral which it is holding pursuant to this Agreement
and this Agreement shall be deemed terminated and this Agreement shall be released and discharged from all further obligations
hereunder. Notwithstanding the foregoing, if any Notices of Claims have been asserted in a writing furnished to the Escrow Agent
by the Company and remain unresolved on the date of the expiration of the Escrow Period, the escrow shall continue with respect
to the amounts set forth in the Notices of Claims until the resolution of such Notices of Claims, and during such continuance,
Escrow Agent shall continue to hold the Collateral up to the amount of the outstanding and unresolved Notices of Claims.

 

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C.Litigation Pending Upon Expiration
of Term. If any of the legal proceedings disclosed in Part 3.10 of the Focus Disclosure Schedule have not been settled, or
if a final judgment (with no further right of appeal) has not been entered with respect to any such legal proceeding, at the end
of the Escrow Period, the Secured Parties may submit a Notice of Claim specifying the nature of the claim, the estimated amounts
to be incurred by the Secured Parties in connection with any such legal proceeding, the fair market value of the Collateral at
the time of such Notice of Claim, and the number of Pledged Shares representing the estimated amounts to be incurred by the Secured
Parties. Any Notice of Claim filed pursuant to this Section III.C shall be treated as a disputed Notice of Claim, and the Escrow
Agent shall release the number of Pledged Shares set forth in the Notice of Claim only (i) in accordance with the joint written
instructions of the Secured Parties and Pledgor; or (ii) in accordance with a final non-appealable order of a court of competent
jurisdiction, pursuant to the procedures set forth in Section III.A.

 

		IV.	Termination by the Parties

 

If at any time the
Escrow Agent shall receive a notice signed by or on behalf of the Secured Parties and a Pledgor that this Agreement has been terminated
with respect to such Pledgor’s Collateral and instructing the Escrow Agent with respect to the disposition of the Collateral,
the Escrow Agent shall release the Collateral in accordance with the instructions contained in such notice, and upon such release
this Agreement shall be deemed terminated with respect to such Pledgor, and the Escrow Agent shall be released and discharged from
all further obligations hereunder.

 

		V.	Nature of Duties; No Conflict; Liability

 

It is understood and
agreed that the duties of the Escrow Agent hereunder are purely ministerial in nature and do not represent a conflict of interest
for the Escrow Agent to act, or continue to act, as counsel for any party to this Agreement with respect to any litigation or other
matters arising out of this Agreement or otherwise. The Escrow Agent shall not be liable for any error of judgment, fact, or law,
or any act done or omitted to be done, except for its own willful misconduct or gross negligence or that of its partners, employees,
and agents. The Escrow Agent's determination as to whether an event or condition has occurred, or been met or satisfied, or as
to whether a provision of this Agreement has been complied with, or as to whether sufficient evidence of the event or condition
or compliance with the provision has been furnished to it, shall not subject the Escrow Agent to any claim, liability, or obligation
whatsoever, even if it shall be found that such determination was improper and incorrect; provided that the Escrow Agent and its
partners, employees, and agents shall not have been guilty of willful misconduct or gross negligence in making such determination.
In the event that the Escrow Agent shall be uncertain as to its duties or rights hereunder, the Escrow Agent shall be entitled
to (i) refrain from taking any action other than to keep safely the Collateral until it shall be directed otherwise by a court
of competent jurisdiction, or (ii) deliver the Collateral to a court of competent jurisdiction or to the Company’s transfer
agent.

 

		VI.	Indemnification

 

The Company and Pledgors
jointly and severally agree to indemnify the Escrow Agent for, and to hold it harmless against, any loss, liability, or expense
("Cost") incurred without gross negligence or willful misconduct on the part of the Escrow Agent, arising out
of or in connection with its entering into this Agreement and carrying out its duties hereunder, including costs and expenses of
defending itself against any claim of liability in connection herewith or therewith. The right to indemnification set forth in
the preceding sentence shall include the right to be paid by the Company and Focus in respect of Costs as they are incurred (including
Costs incurred in connection with defending itself against any claim of liability in connection herewith). The Escrow Agent shall
repay any amounts so paid if it shall ultimately be determined by a final order of a court of competent jurisdiction from which
no appeal is or can be taken that the Escrow Agent is not entitled to such indemnification.

 

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		VII.	Documents and Instructions

 

The Escrow Agent may
act in reliance upon any notice, instruction, certificate, statement, request, consent, confirmation, agreement or other instrument
which it believes to be genuine and to have been signed by a proper person or persons, and may assume that any of the officers
of the Company purporting to act on behalf of the Company in giving any such notice or other instrument in connection with the
provisions hereof has been duly authorized to do so. The Escrow Agent acts hereunder as a depository only and shall not be responsible
or liable in any manner whatsoever for the genuineness, sufficiency, correctness, or validity of any agreement, document, certificate,
instrument, or item deposited with it or any notice, consent, approval, direction, or instruction given to it, and the Escrow Agent
shall be fully protected, under Sections IV and V above, for all acts taken in accordance with any written instruction or instrument
given to it hereunder, and reasonably believed by the Escrow Agent to be genuine and what it purports to be.

 

		VIII.	Conflicting Notices, Claims, Demands, or Instructions

 

If at any time the
Escrow Agent shall receive conflicting notices, claims, demands, or instructions with respect to the Collateral, or if for any
other reason it shall in good faith be unable to determine the party or parties entitled to receive the Collateral, or any part
thereof, the Escrow Agent may refuse to make any distribution and may retain the Collateral in its possession until it shall have
received instructions in writing concurred in by all parties in interest, or until directed by a final order or judgment of a court
of competent jurisdiction from which no appeal is or can be taken, whereupon the Escrow Agent shall make such disposition in accordance
with such instructions or such order. The Escrow Agent shall also be entitled to commence as interpleader action in any court of
competent jurisdiction to seek an adjudication of the rights of the Company and Focus.

 

		IX.	Advice of Counsel

 

The Escrow Agent may
consult with, and obtain advice from, legal counsel in the event of any dispute or question as to the construction of any of the
provisions hereof or its duties hereunder, and it shall incur no liability and shall be fully protected and indemnified under Section
VI above for all acts taken, in the absence of gross negligence or willful misconduct, in accordance with the advice and instructions
of such counsel. In the event that the Escrow Agent retains counsel or otherwise incurs any legal fees by virtue of any provision
of this Agreement, the reasonable fees and disbursements of such counsel and any other liability, loss or expense which the Escrow
Agent may thereafter suffer or incur in connection with this Agreement or the performance or attempted performance in good faith
of its duties hereunder shall be paid (or reimbursed to it) by the Company and Focus, jointly and severally. In the event that
the Escrow Agent shall become a party to any litigation in connection with its functions as Escrow Agent pursuant to this Agreement,
whether such litigation shall be brought by or against it, the reasonable fees and disbursements of counsel to the Escrow Agent
including the amounts attributable to services rendered by partners or associates of Escrow Agent at the then prevailing hourly
rate charged by them and disbursements incurred by them, together with any other liability, loss or expense which it may suffer
or incur in connection therewith, shall be paid (or reimbursed to it) by the Company and the Pledgors, jointly and severally, unless
such loss, liability or expense is due to the willful breach by the Escrow Agent of its duties hereunder.

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		X.	Compensation and Expenses

 

Escrow Agent shall
be entitled, for the duties to be performed by it hereunder, to a fee of $3,500, which fee shall be paid by the Company upon the
signing of this Agreement. In addition, the Company shall be obligated to reimburse Escrow Agent for all fees, costs and expenses
incurred or that become due in connection with this Agreement, including reasonable attorney’s fees. Neither the modification,
cancellation, termination or rescission of this Agreement nor the resignation or termination of the Escrow Agent shall affect the
right of Escrow Agent to retain the amount of any fee which has been paid, or to be reimbursed or paid any amount which has been
incurred or becomes due, prior to the effective date of any such modification, cancellation, termination, resignation or rescission.
To the extent the Escrow Agent has incurred any such expenses, or any such fee becomes due, prior to any closing, the Escrow Agent
shall advise the Company and the Company shall direct all such amounts to be paid directly at any such closing.

 

		XI.	Resignation of Escrow Agent

 

The Escrow Agent may
resign at any time by giving 30 days’ prior written notice of such resignation to the Company and the Pledgors. Upon providing
such notice, the Escrow Agent shall have no further obligation hereunder except to hold as depositary the Collateral. In such event,
the Escrow Agent shall not take any action until the Company and Pledgors have jointly designated a banking corporation, trust
company, attorney or other person as successor. Upon receipt of such written designation signed by the Pledgors and the Company,
the Escrow Agent shall promptly deliver the Collateral to such successor and shall thereafter have no further obligations hereunder.
If such instructions are not received within 30 days following the effective date of such resignation, then the Escrow Agent may,
in its sole and absolute discretion, deposit the Collateral held by it pursuant to this Agreement with a clerk of a court of competent
jurisdiction or the Company’s transfer agent pending the appointment of a successor. In either case provided for in this
paragraph, the Escrow Agent shall be relieved of all further obligations and released from all liability thereafter arising with
respect to the Collateral.

  

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		XII.	Notices

 

All notices, consents,
approvals, directions, and instructions required or permitted under this Agreement shall be effective when received and shall be
given in writing and delivered either by hand or by registered or certified mail, postage prepaid, or by telecopier, and addressed
as follows:

 

 

If to the Company or the Secured Parties:

Beacon Enterprise Solutions Group, Inc.

 

	If to the Company or the Secured Parties:	 
	Beacon Enterprise Solutions Group, Inc.	 
	 	 	 
	Address:	9300 Shelbyville Road, Suite 1020	 
	 	Louisville, KY 40222	 
	 	Attention:  Bruce W. Widener	 
	Fax No.:	(502) 657-6601	 

E-mail Address:  bruce.widener@askbeacon.com

  

With a copy to:

 

Miller Wells PLLC

 

	Address:  	300 East Main Street	 
	 	Suite 360	 
	 	Lexington, KY  40507	 
	 	Attention:  Mason L. Miller, Esq.	 
	Fax No.:	(859) 281-0079	 

E-mail Address: mmiller@millerwells.com

 

If to TBK 327 Partners LLC:

1758 Red Hawk Way

Bethlehem, PA 18015

Email Address:
CFerguson@focusventurepartners.com

 

If to TLP Investments, LLC:

1464 Palma Blanca Court

Naples, FL 34119

If to Richard J. Coyle, Jr.:

6355 Rockmine Court

Las Vegas, NV 89118

Email Address: rjcddc@msn.com

If to Theresa Carlise:

4647 Saucon Creek Road, Suite 201

Center Valley, Pennsylvania 18034

 

If to Focus:

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Focus Venture Partners, Inc.

 

	Address:	4647 Saucon Creek Road, Suite 201	 
	Center Valley, Pennsylvania 18034	 
	Attention:  	Christopher Ferguson	 
	Fax No.:	(610) 672-9999	 

Email Address:CFerguson@focusventurepartners.com

 

With a copy to:

 

	Fox Rothschild LLP	 
	Address:	2700 Kelly Road, Suite 300	 
	Warrington, Pennsylvania 18976	 
	Attention:  	Adam G. Silverstein, Esq.	 
	Fax No.:	(215) 345-7507	 

Email Address:
 asilverstein@foxrothschild.com

 

If to the Escrow Agent:

 

Sichenzia Ross Friedman Ference
LLP

 

	Address:	61 Broadway, 32nd Floor	 
	 	New York, NY 10006	 
	Attention:  	Richard A. Friedman, Esq.	 
	Fax No.:	(212) 930-9725	 

Email Address: rfriedman@srff.com

 

or to such other persons or addresses as
any party may have furnished in writing to the other parties. Copies of all communications hereunder shall be sent to the Escrow
Agent.

 

XII.Remedies

 

Secured Parties shall
have, in addition to any other rights given by applicable law, all of the rights and remedies with respect to the Collateral of
a secured party under the Uniform Commercial Code. Secured Parties may sell or cause the Collateral, or any part thereof, to be
sold at any broker’s board or at public or private sale, in one or more sales or lots, at such price as Secured Parties may
deem best, for cash or on credit or for future delivery, and the purchaser of any or all of such Collateral shall thereafter hold
the same absolutely, free from any lien, claim, or right of any kind whatsoever. Unless the Collateral threatens to decline speedily
in value or is or becomes of a type sold on a recognized market, Secured Parties will give each applicable Pledgor reasonable notice
of the time and place of any public sale thereof or of the time after which any private sale or other intended disposition is to
be made. Any sale of the Collateral conducted in conformity with standard practices of banks, insurance companies, or other financial
institutions disposing of property similar to the Collateral shall be deemed to be commercially reasonable. Secured Parties shall
be under no obligation to delay a sale of any of the Collateral for the period of time necessary to permit the issuer of such securities
to register such securities for public sale under the Securities Act of 1933, even if such issuer would agree to do so.

 

    	8

    	 

    

 

		XIV.	Entire Agreement, Etc.

 

This Agreement contains
the entire agreement among the parties with respect to the subject matter hereof. This Agreement may not be amended, supplemented,
or discharged, and no provision hereof may be modified or waived, except by an instrument in writing signed by all of the parties
hereto. No waiver of any provision hereof by any party shall be deemed a continuing waiver of any matter by such party. If a conflict
between the terms and provisions hereof and of the Merger Agreement occurs, the terms and provisions hereof shall govern the rights,
obligations, and liabilities of the Escrow Agent.

 

		XV.	Successors and Assigns

 

This Agreement shall
be binding upon and shall inure to the benefit of each of the parties hereto, and their respective heirs, successors, assigns,
distributees, and legal representatives.

 

		XVI.	Counterparts

 

This Agreement may
be executed in several counterparts, each of which shall be deemed original, but such counterparts together shall constitute one
and the same instrument.

 

		XVII.	Governing Law

 

This Agreement shall
be governed by and construed and enforced in accordance with the law (other than the law governing conflict of law questions) of
the State of New York. Any action to enforce, arising out of, or relating in any way to any of the provisions of this Agreement
may be brought and prosecuted in such court or courts located within New York County, New York as is provided by law; and the parties
hereto consent to the jurisdiction of the court or courts located within New York, New York and to service of process by registered
or certified mail, return receipt requested, or by any other manner provided by law.

 

		XVIII.	Additional Documents and Act

 

The Company and Focus
shall, from time to time, execute such documents and perform such acts as Escrow Agent may reasonably request and as may be necessary
to enable Escrow Agent to perform its duties hereunder or effectuate the transactions contemplated by this Agreement.

 

 

[Signature page follows.]

 

 

 

    	9

    	 

    

 

IN WITNESS WHEREOF,
the parties hereto have executed or caused this Agreement to be duly executed as a sealed instrument as of the day and year first
above written.

  

	 	 BEACON ENTERPRISE SOLUTIONS GROUP, INC.
	 	 	 
	 	By: 	
	 	Name:  	 
	 	Title:	 
	 	(the “Company”)
	 	 	 
	 	FOCUS VENTURE PARTNERS, INC.
	 	 	 
	 	By: 	 
	 	Name: 	 
	 	Title: 	 
	 	(“Focus”)
	 	 	 
	 	SICHENZIA ROSS FRIEDMAN 
	 	FERENCE LLP
	 	 	 
	 	By: 	 
	 	Name: Richard Friedman
	 	Title: Partner 
	 	(“Escrow Agent”)
	 	 	 
	 	TBK 327 Partners LLC
	 	 	 
	 	By: 	 
	 	Name: 	 
	 	Title: 	 
	 	 	 
	 	TLP Investments, LLC
	 	 	 
	 	By: 	 
	 	Name: 	 
	 	Title: 	 
	 	 	 
	 	 
	 	Richard J. Coyle, Jr.
	 	 	 
	 	 
	 	Theresa Carlise
	 	(“Pledgors”)

 

    	10

    	 

    

 

Exhibit A

 

Irrevocable Stock Power

 

FOR VALUE RECEIVED,
the undersigned hereby sells, assigns and transfers to __________________________________ the following shares of Series D Preferred
Stock of BEACON ENTERPRISE SOLUTIONS GROUP, INC., a Nevada corporation:

  

	No. of Shares	Certificate No.
	 	 

  

and irrevocably appoints __________________________________
its agent and attorney-in-fact to transfer all or any part of such capital stock and to take all necessary and appropriate action
to effect any such transfer. The agent and attorney-in-fact may substitute and appoint one or more persons to act for him.

 

Dated as of _____________ ___, 20__.

 

 

	 	By:	
	 	Name:  	 
	 	Title:	 

 

    	11

    	 

    

 

Exhibit B

 

Notice of Claim

  

[Letterhead of Secured Party]

 

  

Gentlemen:

 

You are hereby instructed
to release from escrow the number of shares (the “Pledged Shares”) specified below. The Company is entitled to receive
the Pledged Shares in connection with the matter specified below:

  

Number of Pledged Shares:

  

Nature of Claim:

  

Dollar Value of Claim:

  

Dated:

 

 

	 	Name of Secured Party
	 	 	 
	 	By:	
	 	Name:  	 
	 	Title:	 

 

    	12

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