Common use of Notice; Put Price Clause in Contracts

Notice; Put Price. The Second Put Option may be exercised only by giving written notice to the Buyers stating the number of Covered Securities to be sold by each H&Q Party pursuant to the Second Put Option (the "Second Put Election Notice"). If the H&Q Parties elect to exercise the Second Put Option with respect to less than all of the Common Shares and Warrants that are subject to the Second Put Option, each Buyer will purchase its pro rata share of the reduced number of Covered Securities with respect to which the Second Put Option is exercised. The purchase price per share of Common Stock will equal the greater of (i) $2.05 and (ii) the lesser of 90% of (A) the Volume Weighted Average Price for the twenty trading days immediately preceding March 29, 2003 and (B) $4.50 (the "Second Put Common Stock Price"). The purchase price per Warrant will equal the Second Put Common Stock Price per share of Common Stock under the Warrant minus the per share exercise price of the Warrant.

Notice; Put Price. The Second Third Put Option may be exercised only by giving written notice to the Buyers stating the number of Covered Securities to be sold by each H&Q Party pursuant to the Second Third Put Option (the "Second Third Put Election Notice"). If the H&Q Parties elect to exercise the Second Third Put Option with respect to less than all of the Common Shares and Warrants that are subject to the Second Third Put Option, each Buyer will purchase its pro rata share of the reduced number of Covered Securities with respect to which the Second Third Put Option is exercised. The purchase price per share of Common Stock will equal the greater of (i) $2.05 and (ii) the lesser of 90% of (A) the Volume Weighted Average Price for the twenty trading days immediately preceding March 29June 28, 2003 2004 and (B) $4.50 (the "Second Third Put Common Stock Price"). The purchase price per Warrant will equal the Second Third Put Common Stock Price per share of Common Stock under the Warrant minus the per share exercise price of the Warrant.

Notice; Put Price. The Second Third Put Option may be exercised only by giving written notice to the Buyers stating the number of Covered Securities to be sold by each H&Q Party pursuant to the Second Third Put Option (the "Second “Third Put Election Notice"”). If the H&Q Parties elect to exercise the Second Third Put Option with respect to less than all of the Common Shares and Warrants that are subject to the Second Third Put Option, each Buyer will purchase its pro rata share of the reduced number of Covered Securities with respect to which the Second Third Put Option is exercised. The purchase price per share of Common Stock will equal the greater of (i) $2.05 and (ii) the lesser of 90% of (A) the Volume Weighted Average Price for the twenty trading days immediately preceding March 29June 28, 2003 2004 and (B) $4.50 (the "Second “Third Put Common Stock Price"”). The purchase price per Warrant will equal the Second Third Put Common Stock Price per share of Common Stock under the Warrant minus the per share exercise price of the Warrant.

Notice; Put Price. The Second Put Option may be exercised only by giving written notice to the Buyers stating the number of Covered Securities to be sold by each H&Q Party pursuant to the Second Put Option (the "“Second Put Election Notice"”). If the H&Q Parties elect to exercise the Second Put Option with respect to less than all of the Common Shares and Warrants that are subject to the Second Put Option, each Buyer will purchase its pro rata share of the reduced number of Covered Securities with respect to which the Second Put Option is exercised. The purchase price per share of Common Stock will equal the greater of (i) $2.05 and (ii) the lesser of 90% of (A) the Volume Weighted Average Price for the twenty trading days immediately preceding March 29, 2003 and (B) $4.50 (the "“Second Put Common Stock Price"”). The purchase price per Warrant will equal the Second Put Common Stock Price per share of Common Stock under the Warrant minus the per share exercise price of the Warrant.