Document:

WARRANT

        
            	
                        KEYON COMMUNICATIONS HOLDINGS, INC.

                    
	
                        No. __

                    	
                         

                    	
                        _________Shares

                    

        

                        

        WARRANT TO PURCHASE COMMON STOCK

        VOID AFTER 5:30 P.M., EASTERN 

        TIME, ON THE EXPIRATION DATE

        THIS WARRANT AND ANY SHARES ACQUIRED UPON THE EXERCISE OF THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), AND MAY NOT BE SOLD, PLEDGED, HYPOTHECATED, DONATED OR OTHERWISE TRANSFERRED WITHOUT COMPLIANCE WITH THE REGISTRATION OR QUALIFICATION PROVISIONS OF APPLICABLE FEDERAL AND STATE SECURITIES LAWS OR
        APPLICABLE EXEMPTIONS THEREFROM.

        FOR VALUE RECEIVED, KEYON COMMUNICATIONS HOLDINGS, INC., a Delaware corporation (the “Company”), hereby agrees to sell upon the terms and on the conditions hereinafter set forth, but no later than 5:30 p.m., Pacific Time, on the Expiration Date (as hereinafter defined), to _________________, or registered assigns (the
        “Holder”), under the terms as hereinafter set forth, _____________ fully paid and non-assessable shares of the Company’s common stock, par value $0.001 per share (the “Warrant Stock”), at a purchase price of $0.50 per share (the “Warrant Price”), pursuant to this warrant (this “Warrant”). The number of shares of Warrant Stock to be so issued and the Warrant Price are subject to adjustment in certain events
        as hereinafter set forth. The term “Common Stock” shall mean, when used herein, unless the context otherwise requires, the stock and other securities and property at the time receivable upon the exercise of this Warrant.

        
            	
                         
                    	
                        1.
                    	
                        Exercise of Warrant.
                    
	 	 	 

    

        (a)       The Holder may exercise this Warrant according to its terms by surrendering this Warrant to the Company at the address set forth in Section 11, together with the form of exercise attached hereto duly executed by the Holder, accompanied by cash, certified check or bank draft in payment of the Warrant Price,
        in lawful money of the United States of America, for the number of shares of the Warrant Stock specified in such form of exercise, or as otherwise provided in this Warrant, prior to 5:30 p.m., Pacific Time, on ___________, 2014 (the “Expiration Date”).

        (b)       This Warrant may be exercised in whole or in part so long as any exercise in part hereof would not involve the issuance of fractional shares of Warrant Stock. If exercised in part, the Company shall deliver to the Holder a new Warrant, identical in form, in the name of the Holder, evidencing the right to
        purchase the number of shares of Warrant Stock as to which this Warrant has not been exercised, which new Warrant shall be signed by the Chairman, Chief Executive Officer, President or any Vice President of the Company. The term Warrant as used herein shall include any subsequent Warrant issued as provided herein.

         

        

        

        

            (c)       No fractional shares or scrip representing fractional shares shall be issued upon the exercise of this Warrant. The Company shall pay cash in lieu of fractions with respect to the Warrants based upon the fair market value of such fractional shares of Common Stock (which shall be the closing price of
            such shares on the exchange or market on which the Common Stock is then traded) at the time of exercise of this Warrant.

            (d)       In the event of any exercise of the rights represented by this Warrant, a certificate or certificates for the Warrant Stock so purchased, registered in the name of the Holder, shall be delivered to the Holder within a reasonable time after such rights shall have been so exercised. The person or entity
            in whose name any certificate for the Warrant Stock is issued upon exercise of the rights represented by this Warrant shall for all purposes be deemed to have become the holder of record of such shares immediately prior to the close of business on the date on which the Warrant was surrendered and payment of the Warrant Price and any applicable taxes was made, irrespective of the date of delivery of such certificate, except that, if the date of such surrender and payment is a date
            when the stock transfer books of the Company are closed, such person shall be deemed to have become the holder of such shares at the opening of business on the next succeeding date on which the stock transfer books are open. The Company shall pay any and all documentary stamp or similar issue or transfer taxes payable in respect of the issue or delivery of shares of Common Stock on exercise of this Warrant; provided, however, that the Company shall not be required to
            pay any tax that may be payable in respect of any issuance and delivery of shares of Warrant Stock to any Person other than the Holder or with respect to any income tax due by the Holder with respect to any shares of Warrant Stock. “Person” shall mean any natural person, corporation, division of a corporation, partnership, limited liability company, trust, joint venture, association, company, estate, unincorporated organization or government or any agency or
            political subdivision thereof.

            
                	
                             
                        	
                            2.
                        	
                            Disposition of Warrant Stock and Warrant.
                        
	 	 	 

    

            (a)       The Holder hereby acknowledges that this Warrant and any Warrant Stock purchased pursuant hereto are, as of the date hereof, not registered: (i) under the Act on the ground that the issuance of this Warrant is exempt from registration under Section 4(2) of the Act as not involving any public offering
            or (ii) under any applicable state securities law because the issuance of this Warrant does not involve any public offering; and that the Company’s reliance on the Section 4(2) exemption of the Act and under applicable state securities laws is predicated in part on the representations hereby made to the Company by the Holder that it is acquiring this Warrant and will acquire the Warrant Stock for investment for its own account, with no present intention of dividing its
            participation with others or reselling or otherwise distributing the same, subject, nevertheless, to any requirement of law that the disposition of its property shall at all times be within its control.

            The Holder hereby agrees that it will not sell or transfer all or any part of this Warrant and/or Warrant Stock, except pursuant to an effective registration statement under the Act, unless and until it shall first have given notice to the Company describing such sale or transfer and furnished to the Company either (i) an opinion of counsel for
            the Company, which the Company shall obtain at its own expense, to the effect that the proposed sale or transfer may be made without registration under the Act and without registration or qualification under any state law, or (ii) an interpretative letter from the Securities and Exchange Commission to the effect that no 

             

    
                

                
                    	
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            enforcement action will be recommended if the proposed sale or transfer is made without registration under the Act.

            (b)       If, at the time of issuance of the shares issuable upon exercise of this Warrant, no registration statement is in effect with respect to such shares under applicable provisions of the Act, the Company may at its election require that the Holder provide the Company with written reconfirmation of the
            Holder’s investment intent and that any stock certificate delivered to the Holder of a surrendered Warrant shall bear a legend reading substantially as follows:

            “THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 AND MAY NOT BE SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 OR AN OPINION OF COUNSEL SATISFACTORY TO THE ISSUER OF THIS CERTIFICATE THAT
            REGISTRATION IS NOT REQUIRED UNDER SAID ACT.”

            In addition, so long as the foregoing legend may remain on any stock certificate delivered to the Holder, the Company may maintain appropriate “stop transfer” orders with respect to such certificates and the shares represented thereby on its books and records and with those to whom it may delegate registrar and transfer
            functions.

            3.         Reservation of Shares. The Company hereby agrees that at all times there shall be reserved for issuance upon the exercise of this Warrant such number of shares of its Common Stock as shall be required for issuance upon exercise of this Warrant. The Company further agrees that all
            shares which may be issued upon the exercise of the rights represented by this Warrant will be duly authorized and will, upon issuance and against payment of the Warrant Price therefor, be validly issued, fully paid and non assessable, free from all taxes, liens, charges and preemptive rights with respect to the issuance thereof, other than taxes, if any, in respect of any transfer occurring contemporaneously with such issuance and other than transfer restrictions imposed by federal
            and state securities laws.

            4.         Exchange, Transfer or Assignment of Warrant. This Warrant is exchangeable, without expense, at the option of the Holder, upon presentation and surrender hereof to the Company or at the office of its stock transfer agent, if any, for other Warrants of different denominations,
            entitling the Holder or Holders thereof to purchase in the aggregate the same number of shares of Common Stock purchasable hereunder. Upon surrender of this Warrant to the Company or at the office of its stock transfer agent, if any, with an appropriate instrument of assignment duly executed and funds sufficient to pay any transfer tax, the Company shall, without charge, execute and deliver a new Warrant in the name of the assignee named in such instrument of assignment and this
            Warrant shall promptly be canceled. This Warrant may be divided or combined with other Warrants that carry the same rights upon presentation hereof at the office of the Company or at the office of its stock transfer agent, if any, together with a written notice specifying the names and denominations in which new Warrants are to be issued and signed by the Holder hereof.

             

            
                

                    	
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                            5.
                        	
                            Capital Adjustments. This Warrant is subject to the following further provisions:
                        
	 	 	 

    

            (a)       If any recapitalization of the Company or reclassification of its Common Stock or any merger or consolidation of the Company into or with a Person, or the sale or transfer of all or substantially all of the Company’s assets or of any successor corporation’s assets to any Person (any such
            Person being included within the meaning of the term “successor corporation”) shall be effected, at any time while this Warrant remains outstanding and unexpired, then, as a condition of such recapitalization, reclassification, merger, consolidation, sale or transfer, lawful and adequate provision shall be made whereby the Holder of this Warrant thereafter shall have the right to receive upon the exercise hereof as provided in Section 1 and in lieu of the shares of
            Common Stock immediately theretofore issuable upon the exercise of this Warrant, such shares of capital stock, securities or other property as may be issued or payable with respect to or in exchange for a number of outstanding shares of Common Stock equal to the number of shares of Common Stock immediately theretofore issuable upon the exercise of this Warrant had such recapitalization, reclassification, merger, consolidation, sale or transfer not taken place, and in each such case,
            the terms of this Warrant shall be applicable to the shares of stock or other securities or property receivable upon the exercise of this Warrant after such consummation.

            (b)       If the Company at any time while this Warrant remains outstanding and unexpired shall subdivide or combine its Common Stock, the number of shares of Warrant Stock purchasable upon exercise of this Warrant and the Warrant Price shall be proportionately adjusted.

            (c)       If the Company at any time while this Warrant is outstanding and unexpired shall issue or pay the holders of its Common Stock, or take a record of the holders of its Common Stock for the purpose of entitling them to receive, a dividend payable in, or other distribution of, Common Stock, then (i) the
            Warrant Price shall be adjusted in accordance with Section 5(e) and (ii) the number of shares of Warrant Stock purchasable upon exercise of this Warrant shall be adjusted to the number of shares of Common Stock that the Holder would have owned immediately following such action had this Warrant been exercised immediately prior thereto.

            (d)       If the Company shall at any time after the date of issuance of this Warrant distribute to all holders of its Common Stock any shares of capital stock of the Company (other than Common Stock) or evidences of its indebtedness or assets (excluding cash dividends or distributions paid from retained
            earnings or current year’s or prior year’s earnings of the Company) or rights or warrants to subscribe for or purchase any of its securities (excluding those referred to in the immediately preceding paragraph) (any of the foregoing being hereinafter in this paragraph called the “Securities”), then in each such case, the Company shall reserve shares or other units of such Securities for distribution to the Holder upon exercise of this Warrant so that,
            in addition to the shares of the Common Stock to which such Holder is entitled, such Holder will receive upon such exercise the amount and kind of such Securities which such Holder would have received if the Holder had, immediately prior to the record date for the distribution of the Securities, exercised this Warrant.

             

    
                

                
                    	
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            (e)       Whenever the number of shares of Warrant Stock purchasable upon exercise of this Warrant is adjusted, as herein provided, the Warrant Price payable upon the exercise of this Warrant shall be adjusted to that price determined by multiplying the Warrant Price immediately prior to such adjustment by a
            fraction (i) the numerator of which shall be the number of shares of Warrant Stock purchasable upon exercise of this Warrant immediately prior to such adjustment, and (ii) the denominator of which shall be the number of shares of Warrant Stock purchasable upon exercise of this Warrant immediately thereafter.

            (f)        The number of shares of Common Stock outstanding at any given time for purposes of the adjustments set forth in this Section 5 shall exclude any shares then directly or indirectly held in the treasury of the Company.

            (g)       The Company shall not be required to make any adjustment pursuant to this Section 5 if the amount of such adjustment would be less than one percent (1%) of the Warrant Price in effect immediately before the event that would otherwise have given rise to such adjustment. In such case, however, any
            adjustment that would otherwise have been required to be made shall be made at the time of and together with the next subsequent adjustment which, together with any adjustment or adjustments so carried forward, shall amount to not less than one percent (1%) of the Warrant Price in effect immediately before the event giving rise to such next subsequent adjustment.

            (h)       Following each computation or readjustment as provided in this Section 5, the new adjusted Warrant Price and number of shares of Warrant Stock purchasable upon exercise of this Warrant shall remain in effect until a further computation or readjustment thereof is required.

            
                	
                             
                        	
                            6.
                        	
                            Notice to Holders.
                        
	 	 	 

    

            
                	
                             
                        	
                            (a)
                        	
                            In case:
                        
	 	 	 

    

            (i)        the Company shall take a record of the holders of its Common Stock (or other stock or securities at the time receivable upon the exercise of this Warrant) for the purpose of entitling them to receive any dividend (other than a cash dividend payable out of earned surplus of the Company) or other
            distribution, or any right to subscribe for or purchase any shares of stock of any class or any other securities, or to receive any other right;

            (ii)       of any capital reorganization of the Company, any reclassification of the capital stock of the Company, any consolidation with or merger of the Company into another Person, or any conveyance of all or substantially all of the assets of the Company to another Person; or

            (iii)      of any voluntary dissolution, liquidation or winding-up of the Company;

            then, and in each such case, the Company will mail or cause to be mailed to the Holder hereof at the time outstanding a notice specifying, as the case may be, (i) the date on which a record is to be taken for the purpose of such dividend, distribution or right, and stating the amount and character of such dividend, distribution or right, or (ii) the date on which
            such reorganization, 

             

    
                

                
                    	
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            reclassification, consolidation, merger, conveyance, dissolution, liquidation or winding-up is to take place, and the time, if any is to be fixed, as of which the holders of record of Common Stock (or such stock or securities at the time receivable upon the exercise of this Warrant) shall be entitled to exchange their shares of Common Stock (or such other stock or
            securities) for securities or other property deliverable upon such reorganization, reclassification, consolidation, merger, conveyance, dissolution, liquidation or winding-up. Such notice shall be mailed at least twenty (20) days prior to the record date therein specified, or if no record date shall have been specified therein, at least twenty (20) days prior to the date of such action, provided, however, failure to provide any such notice shall not affect the validity of such
            transaction.

            (b)       Whenever any adjustment shall be made pursuant to Section 5 hereof, the Company shall promptly make a certificate signed by its Chairman, Chief Executive Officer, President, Vice President, Chief Financial Officer or Treasurer, setting forth in reasonable detail the event requiring the adjustment, the
            amount of the adjustment, the method by which such adjustment was calculated and the Warrant Price and number of shares of Warrant Stock purchasable upon exercise of this Warrant after giving effect to such adjustment, and shall promptly cause copies of such certificate to be mailed (by first class mail, postage prepaid) to the Holder of this Warrant.

            7.         Loss, Theft, Destruction or Mutilation. Upon receipt by the Company of evidence satisfactory to it, in the exercise of its reasonable discretion, of the ownership and the loss, theft, destruction or mutilation of this Warrant and, in the case of loss, theft or destruction, of
            indemnity reasonably satisfactory to the Company and, in the case of mutilation, upon surrender and cancellation hereof, the Company will execute and deliver in lieu hereof, without expense to the Holder, a new Warrant of like tenor dated the date hereof.

            8.         Warrant Holder Not a Stockholder. The Holder of this Warrant, as such, shall not be entitled by reason of this Warrant to any rights whatsoever as a stockholder of the Company.

            9.         Notices. Any notice required or contemplated by this Warrant shall be deemed to have been duly given if transmitted by registered or certified mail, return receipt requested, postage prepaid, or nationally recognized overnight delivery service, to the Company at its principal
            executive offices: 4061 Dean Martin Drive, Las Vegas, NV 89103, Attention: Chief Executive Officer, or to the Holder at the name and address set forth in the Warrant Register maintained by the Company.

            10.       Choice of Law. THIS WARRANT IS ISSUED UNDER AND SHALL FOR ALL PURPOSES BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF NEVADA, WITHOUT GIVING EFFECT TO PRINCIPLES OF CONFLICTS OF LAW.

            11.       Jurisdiction and Venue. The Company and the Holder, by its acceptance hereof, hereby agree that any dispute which may arise between them arising out of or in connection with this Warrant shall be adjudicated before a court located in Las Vegas, Nevada, and they hereby submit to the exclusive
            jurisdiction of the federal and state courts of the State of Nevada located in Las Vegas with respect to any action or legal proceeding commenced by any party, and irrevocably waive any objection they now or hereafter may have respecting the venue of any

             

    
                

                
                    	
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            such action or proceeding brought in such a court or respecting the fact that such court is an inconvenient forum, relating to or arising out of this Warrant or any acts or omissions relating to the sale of the securities hereunder, and consent to the service of process in any such action or legal proceeding by means of registered or certified mail, return receipt
            requested, postage prepaid, in care of the address set forth herein or such other address as either party shall furnish in writing to the other.

            [Signature Page Follows] 

             

             

                

                
                    	
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            IN WITNESS WHEREOF, the Company has duly caused this Warrant to be signed on its behalf, in its corporate name and by its duly authorized officer, as of this ___ day of May, 2009.

             

            
                	 	KEYON COMMUNICATIONS HOLDINGS, INC.
	 	 
	 	By:	 
	 	 	Name: Jonathan Snyder
	
                             

                        	
                             

                        	Title: Chief Executive Officer 

            

             

            
                

                Warrant Signature Page

    

        

        

        

                FORM OF EXERCISE

                (to be executed by the registered holder hereof)

                The undersigned hereby exercises the right to purchase _________ shares of common stock, par value $0.001 per share (“Common Stock”), of KeyOn Communications Holdings, Inc. evidenced by the within Warrant Certificate for a Warrant Price of $_____ per share and herewith makes payment of the Warrant Price in full of $__________.
                Kindly issue certificates for shares of Common Stock (and for the unexercised balance of the Warrants evidenced by the within Warrant Certificate, if any) in accordance with the instructions given below.

                
                    	
                                Dated: ______________, 200__

                            	
                                 

                            	
                                 

                            
	
                                 

                            	
                                 

                            	
                                Name:

                            

                

                 

                Instructions for registration of stock:

                 

                _____________________________

                Name (Please Print)

                Social Security or other identifying Number: _______________

                Address:____________________________________________

                City, State and Zip Code

                Instructions for registration of certificate representing the unexercised balance of Warrants (if any): 

                 

                _____________________________ 

                Name (Please Print)

                Social Security or other identifying Number: _______________

                Address:____________________________________________

                City, State and Zip Code

                 

                
                    

                    Warrant Signature PageCONSULTING AGREEMENT

        This Consulting Agreement (the “Agreement”), effective as of May 11, 2009, is entered into by and between KEYON COMMUNICATIONS a Delaware corporation, having its headquarters at 11742 Stonegate Circle, Omaha, NE (herein referred to as the “Company”), and LIVIAKIS FINANCIAL COMMUNICATIONS, INC., a California corporation (herein referred to as the
        “Consultant”). This agreement supercedes any prior oral or written agreements between the parties hereto.

        WHEREAS, Company desires to engage the services of Consultant to represent the Company in investors’ communications and public relations with existing and prospective shareholders, brokers, dealers and other investment professionals with respect to the Company’s current and proposed activities, and to consult with the Company’s management
        concerning such activities.

        NOW THEREFORE, in consideration of the mutual obligations contained herein, the parties agree as follows:

        
            	
                         

                    	
                        1)

                    	
                        Term and Termination of Consultancy. The Company hereby agrees to retain the Consultant to act in a consulting capacity to the Company, and the Consultant hereby agrees to provide services to the Company commencing on the effective date and ending May 10, 2010, provided however, that this Agreement may be terminated by the
                        Company at any time prior to the Termination Date. 

                    

        

        
            	
                         

                    	
                        2)

                    	
                        Duties of Consultant. The Consultant agrees that it will generally provide the following consulting services:

                    

        

        
            	
                         

                    	
                        a)

                    	
                        Assist the Company in raising capital through introductions (it is understood the Consultant is not an “Investment banking” firm);

                    

        

        
            	 	 	 
	
                         

                    	
                        b)

                    	
                        Consult and assist the Company in developing and implementing appropriate plans and means for presenting the Company and its business plans, strategy and personnel to the financial community, establishing an image for the Company in the financial community, and creating the foundation for subsequent financial public relations efforts;

                    

        

        
            	 	 	 
	
                         

                    	
                        c)

                    	
                        Introduce the Company to the financial community;

                    

        

        
            	 	 	 
	
                         

                    	
                        d)

                    	
                        With the cooperation of the Company, maintain an awareness during the term of this Agreement of the Company’s plans, strategy and personnel, as they may evolve during such period, and consult and assist the Company in communicating appropriate information regarding such plans, strategy and personnel to the financial community;

                    

        

        
            	 	 	 
	
                         

                    	
                        e)

                    	
                        Assist and consult with the Company with respect to its (i) relations with stockholders, (ii) relations with brokers, dealers, analysts and other investment professionals, and (iii) financial public relations generally;

                    

        

        
            	 	 	 
	
                         

                    	
                        f)

                    	
                        Perform the functions generally assigned to stockholder relations and public relations departments in major corporations, including responding to telephone and written inquiries (which may be referred to the Consultant by the Company); preparing reports and other communications with or to shareholders, the investment community and the general public;
                        consulting with respect to the timing, form, distribution and other matters related to such, reports and communications; and, at the Company’s request and subject to 

                    

        

         

        
            

             

            
                	
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            	 	 	the Company’s securing its own rights to the use of its names, marks, and logos, consulting with respect to corporate symbols, logos, names, the presentation of such symbols, logos and names, and other matters relating to corporate image;
	 	 	 
	
                         

                    	
                        g)

                    	
                        Upon the Company’s direction and approval, disseminate information regarding the Company to shareholders, brokers, dealers, other investment community professionals and the general investing public;

                    

        

        
            	 	 	 
	
                         

                    	
                        h)

                    	
                        Upon the Company’s approval, conduct meetings, in person or by telephone, with brokers, dealers, analysts and other investment professionals to communicate with them regarding the Company’s plans, goals and activities, and assist the Company in preparing for press conferences and other forums involving the media, investment professionals and the
                        general investment public;

                    

        

        
            	 	 	 
	
                         

                    	
                        i)

                    	
                        At the Company’s request, review business plans, strategies, mission statements budgets, proposed transactions and other plans for the purpose of advising the Company of the public relations implications thereof; and,

                    

        

        
            	 	 	 
	
                         

                    	
                        j)

                    	
                        Otherwise perform as the Company’s consultant for public relations and relations with financial professionals.

                    

        

         

        
            	
                         

                    	
                        3)

                    	
                        Allocation of Time and Energies. Consultant agrees to perform and discharge faithfully the responsibilities which may be assigned to the Consultant from time to time by the officers and fully authorized representatives of the Company in connection with the conduct of its financial and public relations and communications
                        activities, so long as such activities are in compliance with applicable securities laws and regulations. Although no specific hours-per-day requirement will be required, Consultant agrees that it will perform the duties set forth in this Agreement in a diligent and professional manner It is explicitly understood that Consultant’s performance of its duties hereunder will in no way be measured by the price of the Company’s common stock, nor the trading volume
                        of the Company’s common stock. It is also understood that the Company is entering into this Agreement with the Consultant, and not any individual member of the Consultant. Consultant will not be deemed to have breached this agreement if any member, officer or director of Consultant leaves the firm or dies or becomes physically unable to perform any meaningful activities during the term of the Agreement, provided the Consultant otherwise performs its obligations
                        under this Agreement.

                    

        

        
            	
                         

                    	
                        4)

                    	
                        Compensation. As full and complete compensation for undertaking this engagement and for performance the services described in herein, the Company shall:

                    

        

        
            	
                         

                    	
                        a)

                    	
                        Issue and deliver to Consultant an aggregate of 1,880,000 fully paid and non-assessable shares of restricted common stock of the Company, at a price of $0.00 per share (the “Shares”), and in addition:

                    
	 	 	Michael Bayes: Two hundred Thousand (200,000) shares, at a price of $0.00 per share fully paid and non-assessable restricted common stock of the Company.
	 	 	Paul Cicco: Twenty Thousand (20,000) shares, at a price of $0.00 per share fully paid and non-assessable restricted common stock of the Company.

        

         

        
            

             

            
                	
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            	 	 	Vickie Marinovich: Ten Thousand (10,000) shares, at a price of $0.00 per share fully paid and non-assessable restricted common stock of the Company.
	 	 	 
	 	 	Lori White: Ten Thousand (10,000) shares, at a price of $0.00 per share fully paid and non-assessable restricted common stock of the Company.
	 	 	 
	
                         

                    	
                        b)

                    	
                        Shares will be issued at commencement of agreement and will be immediately vested.

                    

        

         

        
            	
                         

                    	
                        c)

                    	
                        Holding period. It is understood by and between the Consultant and the Company that in exchange for the Company’s delivery of Shares, the Consultant shall refrain from selling the Shares on an exchange for a period of one year from the delivery of the Shares.

                    

        

         

        If during the term of this agreement, the Company is acquired or merged with another entity and holders of the voting stock of the Company before such merger or acquisition hold less than 50% of the voting stock of the Company or its successor following such merger or acquisition, or substantially all of the Company’s assets are acquired (each, a “Change of Control”),
        Consultant shall retain and will not be requested by the Company to return any of the Shares.

        The Company warrants that all Shares issued to Consultant pursuant to this Agreement shall have been validly issued and that the issuance of the Shares to Consultant shall have been duly authorized by the Company’s board of directors.

        Consultant acknowledges that the Shares are not and will not be registered under the Securities Act of 1933, and accordingly are “restricted securities” within the meaning of Rule 144 of the Act. As such, Shares may not be resold or transferred unless the Company has received an opinion of counsel reasonably satisfactory to the Company that such resale or transfer is exempt
        from the registration requirements of that Act. Legends to such effect shall be placed on the Shares. Consultant understands that the Company does not have an obligation to register Shares.

        In connection with the acquisition of Shares hereunder, the Consultant represents and warrants to the Company, to the best of its/his knowledge, as follows:

        Consultant acknowledges that the Consultant has been afforded the opportunity to ask questions of and receive answers from duly authorized officers or other representative of the Company concerning an investment in the Shares, and any additional information which the Consultant has requested.

        Consultant’s investment in restricted securities is reasonable in relation to the Consultant’s net worth, which is in excess of ten (10) times the Consultant’s cost basis in the Shares. Consultant has had experience in investments in restricted and publicly traded securities, and Consultant has had experience in investments in speculative securities and other
        investments which involve the risk of loss of investment. Consultant acknowledges that an investment in the Shares is speculative and involves the risk of loss. Consultant has the requisite knowledge to assess the relative merits of this investment without the necessity of relying upon other advisors, and Consultant can afford the risk of loss of his entire investment in the Shares. Consultant is (i) an accredited investor, as that term is defined in Regulation D promulgated 

         

        
            

             

            
                	
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        under the Securities Act of 1933, and (ii) a purchaser described in Section 25102 (f) (2) of the California Corporate Securities Law of 1968, as amended.

        Consultant is acquiring the Shares for the Consultant’s own account for long-term investment and not with a view toward resale or distribution thereof except in accordance with applicable securities laws.

        
            	
                         

                    	
                        5)

                    	
                        Non-Assignability of Services and the Effect of a Merger. Consultant’s services under this contract are offered to the Company only and may not be assigned by Company to any third party, except in the event that the Company is acquired or merged with another entity and holders of the voting stock of Company or its
                        successor following such merger or acquisition hold less than 50% of the voting stock of the Company or it’s successor following such merger or acquisition, or substantially all of the Company’s assets are acquired (each a “Change of Control”).

                    

        

        
            	
                         

                    	
                        6)

                    	
                        Expenses. Consultant agrees to pay for all its expenses (phone, mailing, labor, etc.), other than extraordinary items (travel required by/or specifically requested by the Company, luncheons or dinners to large groups of investment professionals, mass faxing to a sizable percentage of the Company’s constituents, investor
                        conference calls, print advertisements in publications, etc.) approved by the Company prior to it incurring an obligation for reimbursement.

                    

        

        
            	
                         

                    	
                        7)

                    	
                        Indemnification of Consultant by Company. The Company represents and warrants that all written communications from authorized Company personnel furnished to Consultant by the Authorized Company Personnel with respect to financial affairs, operations, profitability and strategic planning of the Company (“Information”)
                        are accurate and Consultant may rely upon the accuracy thereof with out independent investigation. Except in the event for any third-party litigation, including any damages, liability, cost and reasonable attorney’s fees arising from the Consultant’s gross negligence or willful misconduct, the Company will protect, indemnify and hold harmless Consultant against any litigation including any damages, liability, cost and reasonable attorney’s fees as
                        incurred with respect thereto resulting from Consultant’s communication or dissemination of any said Information provided Consultant gives the Company immediate notice of any such claim and gives control of the defense and settlement of any such claim to the Company.

                    

        

        
            	
                         

                    	
                        8)

                    	
                        Representations of Consultant. Consultant represents that it is not required to maintain any licenses and registrations under federal or any state regulations necessary to perform the services set forth herein. Consult represents that the performance of the services set forth under this Agreement will not violate any rule or
                        provision of any regulatory agency having jurisdiction over Consultant. Consultant represents that to the best of its knowledge, Consultant and its officers and directors are not the subject of any investigation, claim, decree or judgment involving any violation of the SEC or securities laws. Consultant further represents and warrants that it is not a securities Broker Dealer or a registered investment advisor. Company acknowledges that, to the best of its knowledge, it
                        has not violated any rule or provision of any regulatory agency having jurisdiction over the Company. Company represents that, to the best of its knowledge, Company is not the subject of any investigation, claim, decree or judgment involving any violation of the SEC or securities laws.

                    

        

         

        
            

             

            
                	
                            4

                        

            

             

            

        

        

        

        

        
            	
                         

                    	
                        9)

                    	
                        Status as Independent Contractor. Consultant’s engagement pursuant to this Agreement shall be as an independent contractor, and not as an employee, officer or other agent of the Company. Neither party to this Agreement shall represent or hold itself out to be the employer or employee of the other. Consultant further
                        acknowledges the consideration provided hereinabove is a gross amount of consideration and that the Company will not withhold from such consideration any amounts as to income taxes, social security payments or any other payroll taxes. All such income taxes and other such payment shall be made or provided for by consultant and the Company shall have no responsibility or obligations regarding such matters. Neither the Company nor the Consultant possesses the authority to
                        bind the other party in any agreements without the express written consent of the entity to be bound.

                    

        

        
            	
                         

                    	
                        10)

                    	
                        Attorney’s Fees. If any legal action or any arbitration or other proceeding is brought for the enforcement or interpretation of this Agreement, or because of an alleged dispute, breach, default or misrepresentation in connection with or related to this Agreement, the successful or prevailing party shall be entitled to
                        recover reasonable attorneys’ fees and other reasonable costs incurred in connection with such action or proceeding, in addition to any other relief to which it may be entitled.

                    

        

        
            	
                         

                    	
                        11)

                    	
                        Waiver. The waiver by either party of a breach of any provision of this Agreement by the other party shall not operate or be construed as a waiver of any subsequent breach by such other party.

                    

        

        
            	
                         

                    	
                        12)

                    	
                        Choice of Law, Jurisdiction and Venue. This Agreement shall be governed by, construed and enforced in accordance with either the laws of the State of California or of the State of Nevada. The parties agree that San Francisco County, California or Clark County, Nevada shall be the venue of any dispute.

                    

        

        
            	
                         

                    	
                        13)

                    	
                        Arbitration. Any controversy or claim arising out of or relating to this Agreement, or the alleged breach thereof, or relating to Consultant’s activities or remuneration under this Agreement, shall be settled by binding arbitration in either San Francisco, California or Las Vegas, Nevada, in accordance with customary rules
                        of arbitration and any judgment on an award rendered by the arbitrator(s) shall be binding on the parties and may be entered in any court having jurisdiction of such matters. 

                    

        

        
            	
                         

                    	
                        14)

                    	
                        Complete Agreement. This Agreement contains the entire understanding of the parties relating to the subject matter hereof. This Agreement may be modified only by an agreement in writing signed by the party against whom enforcement of any waiver, change, modification, extension or discharge is sought.

                    

        

         

         

        
            

             

            
                	
                            5

                        

            

             

            

        

        

        

        

        In witness whereof, the parties affix their signatures:

        
            	“Company”	     KEYON COMMUNICATIONS HOLDINGS, INC.
	 	 	 	 
	
                        Date:

                    	 	
                             By:

                    	 
	 	 	 	Jonathan Snyder, CEO
	 	 
	“Consultant”	     LIVIAKIS FINANCIAL COMMUNICATIONS, INC.
	 	 	 	 
	Date:	 	     By:	 
	 	 	 	John Liviakis, CEO

        

         

        
            
                	
                            6

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