Common use of Issuance of Warrant; Term Clause in Contracts

Issuance of Warrant; Term. (a) For and in consideration of Laddcap Value Partners L.P. ("Laddcap") making a loan (the "Laddcap Loan") to the Company, in an amount of Five Hundred Thousand Dollars ($500,000) pursuant to the terms of a secured promissory note of even date herewith (together with any and all extensions, replacements and renewals thereof, the "Note") and related loan and security agreement of even date herewith (as amended, supplemented or otherwise modified from time to time, the "Loan Agreement"), and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company hereby grants to Holder the right to purchase 66,666 shares of the Company's common stock, $0.001 par value per share (the "Common Stock"). (b) The shares of Common Stock issuable upon exercise of this Warrant are hereinafter referred to as the "Shares." This Warrant shall be exercisable at any time and from time to time from the date hereof until seven (7) years from the date hereof (the "Expiration Date"). If this Warrant is not exercised prior to the Expiration Date, it will expire and all rights hereunder shall be rendered void.

Issuance of Warrant; Term. (a) For and in consideration of Laddcap Value Partners Petra Mezzanine Fund, L.P. ("LaddcapPetra") making a loan (the "Laddcap Petra Loan") to the Company, in an amount of Five Hundred Thousand Four Million Dollars ($500,0004,000,000) pursuant to the terms of a secured promissory note of even date herewith (together with any and all extensions, replacements and renewals thereof, the "Note") and related loan and security agreement of even date herewith (as amended, supplemented or otherwise modified from time to time, the "Loan Agreement"), and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company hereby grants to Holder the right to purchase 66,666 533,333 shares of the Company's common stock, $0.001 par value per share (the "Common Stock"). (b) The shares of Common Stock issuable upon exercise of this Warrant are hereinafter referred to as the "Shares." This Warrant shall be exercisable at any time and from time to time from the date hereof until seven (7) years from the date hereof (the "Expiration Date"). If this Warrant is not exercised prior to the Expiration Date, it will expire and all rights hereunder shall be rendered void.

Issuance of Warrant; Term. (a) For and in consideration of Laddcap Value Partners Patriot Capital, L.P. ("Laddcap") making a loan (the "Laddcap Loan") to the Company, in an amount of Five Seven Hundred Thousand Dollars ($500,000700,000) pursuant to the terms of a secured promissory note of even date herewith (together with any and all extensions, replacements and renewals thereof, the "Note") and related loan and security agreement of even date herewith (as amended, supplemented or otherwise modified from time to time, the "Loan Agreement"), and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company hereby grants to Holder the right to purchase 66,666 93,333 shares of the Company's common stock, $0.001 par value per share (the "Common Stock"). (b) The shares of Common Stock issuable upon exercise of this Warrant are hereinafter referred to as the "Shares." This Warrant shall be exercisable at any time and from time to time from the date hereof until seven (7) years from the date hereof (the "Expiration Date"). If this Warrant is not exercised prior to the Expiration Date, it will expire and all rights hereunder shall be rendered void.

Issuance of Warrant; Term. (a) For and in consideration of Laddcap Value Partners Petra Mezzanine Fund, L.P. ("LaddcapPetra") making a loan (the "Laddcap Petra Loan") to the Company, in an amount of Five Hundred Thousand Three Million Dollars ($500,0003,000,000) pursuant to the terms of a secured promissory note of even date herewith (together with any and all extensions, replacements and renewals thereof, the "Note") and related loan and security agreement of even date herewith (as amended, supplemented or otherwise modified from time to time, the "Loan Agreement"), and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company hereby grants to Holder the right to purchase 66,666 675,000 shares of the Company's common stock, $0.001 0.0001 par value per share (the "Common Stock"). (b) The shares of Common Stock issuable upon exercise of this Warrant are hereinafter referred to as the "Shares." This Warrant shall be exercisable at any time and from time to time from the date hereof until seven ten (710) years from the date hereof (the "Expiration Date"). If this Warrant is not exercised prior to the Expiration Date, it will expire and all rights hereunder shall be rendered void.

Issuance of Warrant; Term. (a) For and in consideration of Laddcap Value Partners Petra Mezzanine Fund, L.P. ("LaddcapPetra") making a an additional loan (the "Laddcap Petra Loan") to the Company, in an amount of Five Hundred Thousand Dollars ($500,000) pursuant to the terms of a secured promissory note of even date herewith (together with any and all extensions, replacements and renewals thereof, the "Note") and related amended and restated loan and security agreement of even date herewith (as amended, supplemented or otherwise modified from time to time, the "Loan Agreement"), and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company hereby grants to Holder the right to purchase 66,666 70,000 shares of the Company's common stock, $0.001 0.0001 par value per share (the "Common Stock"). (b) The shares of Common Stock issuable upon exercise of this Warrant are hereinafter referred to as the "Shares." This Warrant shall be exercisable at any time and from time to time from the date hereof until seven (7) years from the date hereof April 1, 2013 (the "Expiration Date"). If this Warrant is not exercised prior to the Expiration Date, it will expire and all rights hereunder shall be rendered void.

Issuance of Warrant; Term. (a) For and in consideration of Laddcap Value Partners Patriot Capital, L.P. ("Laddcap") making a loan (the "Laddcap Loan") to the Company, in an amount of Five One Million Eight Hundred Thousand Dollars ($500,0001,800,000) pursuant to the terms of a secured promissory note of even date herewith (together with any and all extensions, replacements and renewals thereof, the "Note") and related loan and security agreement of even date herewith (as amended, supplemented or otherwise modified from time to time, the "Loan Agreement"), and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company hereby grants to Holder the right to purchase 66,666 240,000 shares of the Company's common stock, $0.001 par value per share (the "Common Stock"). (b) The shares of Common Stock issuable upon exercise of this Warrant are hereinafter referred to as the "Shares." This Warrant shall be exercisable at any time and from time to time from the date hereof until seven (7) years from the date hereof (the "Expiration Date"). If this Warrant is not exercised prior to the Expiration Date, it will expire and all rights hereunder shall be rendered void.

Issuance of Warrant; Term. (a) For and in consideration of Laddcap Value Partners L.P. ("Laddcap") making SIRROM CAPITAL CORPORATION d/b/a loan Tandem Capital, purchasing from the Company its 12.25% Subordinated Debenture due January __, 2003, in the initial principal amount of [Two Million Dollars] (the "Laddcap LoanDebenture") to the Company, in an amount of Five Hundred Thousand Dollars ($500,000) pursuant to the terms of a secured promissory note of even date herewith Debenture Purchase Agreement, dated December __, 1997 among the Company, Tandem and Argosy Investment Partners, L.P. (together with any and all extensions, replacements and renewals thereof, "Argosy") (the "Note") and related loan and security agreement of even date herewith (as amended, supplemented or otherwise modified from time to time, the "Loan Debenture Purchase Agreement"), and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company hereby grants to Holder the right to purchase 66,666 [Two Hundred Forty Thousand (240,000)] shares of the Company's common stock, $0.001 par value $.01 per share (the "Common Stock"). (b) . The shares of Common Stock issuable upon exercise of this Warrant are hereinafter referred to as the "Shares." The number of such shares and the Exercise Price (as defined below) are subject to adjustment as provided herein. The term "Warrant" as used herein includes this Warrant and any warrants delivered in exchange therefor as provided herein. This Warrant shall be exercisable at any time and from time to time from during the term commencing on the date hereof until seven (7) years from the date hereof (the "Expiration Date"). If this Warrant is not exercised prior to the Expiration Dateand ending at 5:00 p.m. Eastern time on January __, it will expire and all rights hereunder shall be rendered void2003.