WARRANT TO PURCHASE SHARES OF
                    COMMON STOCK OF SCHICK TECHNOLOGIES, INC.

                                                                  March 15, 2000
                                                      Long Island City, New York

     THIS WARRANT AND THE SHARES OF COMMON STOCK  ISSUABLE UPON EXERCISE OF THIS
WARRANT HAVE NOT BEEN  REGISTERED  UNDER THE  SECURITIES ACT OF 1933, AS AMENDED
(THE  "SECURITIES  ACT") AND SUCH SECURITIES MAY NOT BE SOLD,  OFFERED FOR SALE,
PLEDGED OR  HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE  REGISTRATION  STATEMENT
UNDER THE SECURITIES ACT OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE
COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.

                       VOID AFTER 5:00 P.M., NEW YORK TIME
                              ON DECEMBER 27, 2006

     THIS  CERTIFIES  THAT for  value  received,  DVI  FINANCIAL  SERVICES  INC.
("DVI"),  or its registered  permitted assigns  (together with DVI,  hereinafter
collectively  referred to as the  "Holder"),  may  subscribe  for and  purchase,
subject to the terms and conditions hereof,  from SCHICK  TECHNOLOGIES,  INC., a
Delaware  corporation  (the  "Company"),  six hundred fifty  thousand  (650,000)
shares of Common  Stock of the  Company,  par value $0.01 per share (the "Common
Stock"),  at any time until 5:00 p.m.  New York Time,  on December 27, 2006 (the
"Expiration  Date"),  at an exercise price which shall be equal to  seventy-five
($0.75) cents per share of Common Stock (the  "Exercise  Price").  The number of
shares of Common Stock  issuable  upon  exercise of this  Warrant,  the Exercise
Price, and the kind of securities issuable upon exercise of this Warrant,  shall
be subject to adjustment from time to time upon the occurrence of certain events
as set forth below.  The shares of Common Stock  issuable  upon exercise of this
Warrant,  as adjusted from time to time, is sometimes referred to hereinafter as
"Warrant Shares."

     1.  Exercise  Price and  Expiration.  (a) This  Warrant may be exercised in
whole or in part on any  Business Day (as such term is  hereinafter  defined) at
any time prior to the  Expiration  Date upon  surrender to the  Company,  at its
address  for  notices  set forth in Section 8 of this  Warrant (or at such other
office of the  Company,  if any,  or such  other  office of the  Company's  duly
authorized agent for such purpose,  as may be maintained by the Company for such
purpose and so designated  by the Company by written  notice to the Holder prior
to such  exercise),  together  with  the  following:  (i) a duly  completed  and
executed Notice of Warrant Exercise in the form annexed hereto, and (ii) payment
of the full  Exercise  Price for this Warrant or the portion  thereof then being
exercised.  This Warrant and all rights and options  hereunder  shall expire on,
and shall be  immediately  wholly null and void to the extent the Warrant is not
properly  exercised  prior to the  Expiration  Date. As used in this Warrant the
term  "Business  Day" shall mean the time period between 9:00 a.m. New York, New
York Time and 5:00 p.m.

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New York, New York Time on any day other than any Saturday, Sunday, or any other
day on  which  commercial  banks in New  York,  New  York  are  required  or are
authorized by law to close.

     (b) Such Exercise  Price shall be paid in lawful money of the United States
of America by bank cashier's check or by wire transfer of immediately  available
funds to such account as shall have been designated in writing by the Company to
the Holder from time to time.

     (c) Upon the Holder's  surrender of the Warrant and payment of the Exercise
Price,  the Company shall promptly issue and cause to be delivered to the Holder
a  certificate  or  certificates  for the total number of whole shares of Common
Stock for which this Warrant is then so exercised,  as the case may be (adjusted
to reflect the effect of the anti-dilution  provisions contained in Section 2 of
this Warrant, if any) in such denominations as are requested for delivery to the
Holder, and the Company shall thereupon deliver such certificates to the Holder.
The  Holder  shall be deemed to be the  Holder of record of the shares of Common
Stock issuable upon such exercise, notwithstanding that the stock transfer books
of the  Company  shall  then be closed or that  certificates  representing  such
shares of Common Stock shall not then be actually  delivered to the Holder.  If,
at the time this  Warrant  is  exercised,  a  registration  statement  under the
Securities Act is not then in effect to register  under said  Securities Act the
Warrant  Shares  issuable  upon  exercise  of this  Warrant  (together  with any
applicable  state  securities  law  registrations),  the Company may require the
Holder to make such representations,  and may place such legends on certificates
representing the Warrant Shares, as may be required in the opinion of counsel to
the Company to permit the Warrant Shares to be issued without such registration,
unless the Company  receives an opinion of counsel  reasonably  satisfactory  to
counsel to the Company to the effect that said  securities  may be freely traded
without registration under the Securities Act.

     (d) If the Holder shall exercise this Warrant with respect to less than all
of the Warrant  Shares that may then be  purchased  under this  Warrant,  having
taken into account any prior exercise of the Warrant, the Company shall promptly
execute and deliver to the Holder a new warrant in the form of this  Warrant for
the balance of such Warrant Shares.

     2.   Certain Anti-dilution Adjustments.

     (a)  If the  Company  shall  (i)  pay a  dividend  or  make a  distribution
generally to all or  substantially  all holder of shares of Company Common Stock
in the form of  additional  shares of Common Stock,  (ii)  subdivide or split or
reverse  split or  consolidate  the  outstanding  shares of Common  Stock into a
larger or smaller number of shares,  (iii) effect an increase or decrease in the
number of issued and outstanding  shares of Common Stock without  consideration,
or (iv) effect a recapitalization  which shall reclassify the outstanding shares
of Common  Stock into one or more  classes of Common  Stock,  then the number of
shares of Common Stock  issuable  upon exercise of this Warrant and the Exercise
Price shall be equitably and proportionately  adjusted immediately following the
occurrence of any such event,  and the Holder of record of this Warrant shall be
given notice of the same at such  Holder's  address in the  Company's  books and
records.  An adjustment  made  pursuant to this Section  shall become  effective
immediately  after the record date in the case of a dividend or distribution and
immediately  after  the  effective  date in the  case of a  subdivision,  split,
combination or
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reclassification;  provided,  if such record date shall have been fixed and such
dividend is not fully paid or if such distribution is not fully made on the date
fixed  therefor,  the exercise  price shall be recomputed  accordingly as of the
close of  business on such record date and  thereafter  such  exercise  price in
effect  shall be as adjusted  pursuant to this  Section as of the time of actual
payment of such dividend or distribution.

     (b) Whenever the number of Warrant Shares  purchasable upon the exercise of
this Warrant is adjusted,  as herein  provided,  the Exercise Price payable upon
exercise of this Warrant shall be adjusted by  multiplying  such Exercise  Price
immediately prior to such adjustment by a fraction, of which the numerator shall
be the number of Warrant  Shares  purchasable  upon the exercise of this Warrant
immediately prior to such adjustment,  and of which the denominator shall be the
number of Warrant Shares purchasable immediately thereafter.

     (c) No adjustment  in the number of Warrant  Shares  purchasable  hereunder
shall be required unless such adjustment would result in an increase or decrease
of at  least  one  percent  (1%)  of  the  Exercise  Price;  provided  that  any
adjustments  which by reason of this  paragraph  (c) are not required to be made
shall be carried  forward and taken into account in any  subsequent  adjustment.
All  calculations  shall  be  made  to  the  nearest  cent  or  to  the  nearest
one-thousandth of a share, as the case may be.

     (d) No  adjustment  in the number of Warrant  Shares  purchasable  upon the
exercise of this Warrant need be made under  paragraph (b) or (c) if the Company
issues or distributes to the holder of this Warrant the shares, rights, options,
warrants or convertible or exchangeable securities, or evidences of indebtedness
or assets referred to in those paragraphs which the holder of this Warrant would
have been  entitled  to receive had this  Warrant  been  exercised  prior to the
happening  of such event or the record date with  respect  thereto.  In no event
shall  the  Company  be  required  or  obligated  to make any such  distribution
otherwise  than in its sole  discretion.  No adjustment in the number of Warrant
shares  purchasable  upon the exercise of this Warrant need be made for sales of
Common Stock pursuant to a Subsidiary Company plan for reinvestment of dividends
or  interest.  No  adjustment  need be made for a change in the par value of the
Common Stock.

     (e)  Subject  to the terms  set forth  herein,  DVI  shall be  entitled  to
purchase up to five percent (5%) of the Company's issued and outstanding  Common
Stock on a fully-diluted basis  ("Anti-Dilution  Rights"). In the event that the
number  of  issued  and  outstanding  shares of the  Company's  Common  Stock is
increased  prior to the  Expiration  Date,  then the  number of shares of Common
Stock  issuable  upon  exercise of the Warrants  and the Warrant  Price shall be
equitably  adjusted  to give  effect  to  foregoing  Anti-Dilution  Rights.  The
foregoing  Anti-Dilution  Rights shall terminate,  and have no further force and
effect,  once the loans by DVI to the Company,  evidenced by two Second  Amended
and Restated  Secured  Promissory  Notes of even date herewith in the respective
principal amounts of $5,000,000 and $1,596,189 are repaid.

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     3.   Reorganization and Asset Sales.

     If any capital  reorganization or  reclassification of the capital stock of
the  Company,  or any  consolidation  or  merger  of the  Company  with  another
corporation, or the sale of all or substantially all of the capital stock of the
Company to another  corporation,  or the sale of all or substantially all of the
assets or properties of the Company to another corporation, shall be effected in
such a manner so that  Holder of  Company  Common  Stock  shall be  entitled  to
receive  stock,  securities or assets with respect to or in exchange for Company
Common Stock, then, and in such event, the following provisions shall apply:

     (a) Not more than 45 or less than 15 days prior to the  consummation of any
     such  reorganization,  reclassification,   consolidation,  merger  or  sale
     (collectively, "Reorganization Transactions"), the Company shall notify the
     Holder of the  Reorganization  Transaction (at the same time notice of same
     shall be made  generally  available to the other Holders of Company  Common
     Stock),  describing  in such notice in  reasonable  detail the terms of the
     Reorganization  Transaction  and the  stock,  securities  or  assets  to be
     received with respect to or in exchange for Common Stock of the Company. In
     the event the Holder exercise this Warrant not more than 45 or less than 15
     days prior to the  consummation  of the  Reorganization  Transaction,  such
     Holder  shall be  entitled  to receive  stock,  securities  or assets  with
     respect to or in exchange for Common Stock  (collectively,  "Reorganization
     Consideration")  on the same basis as the other  Holder of  Company  Common
     Stock participating in the Reorganization Transaction as if such Holder had
     previously exercised this Warrant and held such number of Warrant Shares to
     which they are entitled based on the Exercise Price.

     (b) The Company shall not effect any such Reorganization Transaction unless
     prior to or  simultaneous  with the  consummation  thereof,  the  successor
     corporation (if other than the Company) resulting therefrom shall assume by
     written  instrument  executed and made  available to the Holder at the last
     address of the Holder appearing on the books of the Company, the obligation
     to deliver to the Holder such shares of stock, securities or assets, as, in
     accordance  with the  foregoing  provisions,  the Holder may be entitled to
     receive,  any and all other  liabilities  and  obligations  of the  Company
     hereunder.  In the event the Holder of this Warrant  shall not exercise the
     Warrant prior to or simultaneous  with  consummation of the  Reorganization
     Transaction, such Holder shall be entitled to receive a warrant to purchase
     Common Stock in the successor corporation (if other than the Company) which
     shall be  appropriately  adjusted  as to exercise  price,  number of shares
     which may be  purchased  thereunder  and other  terms,  so as to  equitably
     reflect the  Reorganization  Transaction and entitle the Holder to purchase
     that  number  of  shares  of  Common  Stock  of the  successor  corporation
     equivalent  in value to the  consideration  that  such  Holder  would  have
     received  had  Holder  exercised  this  Warrant  immediately  prior  to  or
     simultaneously with such Reorganization Transaction.

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     4.   Notice of Adjustment.

     Whenever the Exercise Price and the number of Warrant Shares  issuable upon
the exercise of this Warrant shall be adjusted as herein provided, or the rights
of the Holder  shall  change by reason of other  events  specified  herein,  the
Company  shall  compute the adjusted  Exercise  Price and the number of adjusted
Warrant  Shares in  accordance  with the  provisions  hereof and shall prepare a
certificate  signed by its Chief  Executive  Officer,  or its President,  or its
Chief  Financial  Officer,  setting  forth the adjusted  Exercise  Price and the
adjusted  number of Warrant Shares issuable upon the exercise of this Warrant or
specifying  the other shares of stock,  securities,  or assets  receivable  as a
result of such changes in rights, and showing in reasonable detail the facts and
calculations upon which such adjustments or other changes are based. The Company
shall  cause to be mailed to the  Holder  copies of such  officer's  certificate
together with a notice stating that the Exercise Price and the number of Warrant
Shares  purchasable upon exercise of this Warrant have been adjusted and setting
forth the  adjusted  Exercise  Price and the adjusted  number of Warrant  Shares
purchasable upon the exercise of this Warrant.

     5.   Certain Representations of the Company.

     The Company represents that it has (i) all requisite power and authority to
issue this Warrant and the Warrant Shares,  and (ii)  sufficient  authorized and
unissued shares of Common Stock to permit exercise of this Warrant.

     6. No  Shareholder  Rights.  No Holder of this Warrant  shall,  as such, be
entitled  to vote or be deemed the  holder of Common  Stock or any other kind of
securities of the Company,  nor shall anything  contained herein be construed to
confer upon the Holder the rights of a  shareholder  of the Company or the right
to vote  for  the  election  of  directors  or  upon  any  matter  submitted  to
shareholders  at any  meeting  thereof,  or  give  or  withhold  consent  to any
corporate  action or to receive  notice of meetings or other  actions  affecting
shareholders  (except as otherwise  expressly  provided  herein),  or to receive
dividends or subscription rights or otherwise,  until the date of Holder' proper
exercise of this Warrant as described herein.

     7. Notices.  Any notice,  demand,  request,  waiver or other  communication
under this  Agreement  must be in  writing  and will be deemed to have been duly
given (i) on the date of  delivery  if  delivered  by hand to the address of the
party specified below (including delivery by courier),  or (ii) on the fifth day
after  deposit in the U.S.  Mail if mailed to the party to whom  notice is to be
given  to the  address  specified  below,  by first  class  mail,  certified  or
registered, return receipt requested, First Class postage prepaid:

to the Company:

                         Schick Technologies, Inc.
                         31-00 47th Avenue
                         Long Island City, New York 11101
                         Attn:  Chief Executive Officer or President

                                  Page 5 of 8

<PAGE>

the Holder:              DVI Financial Services Inc.
                         500 Hyde Park
                         Doylestown, Pennsylvania 18901
                         (after July 11, 2000, to:
                         2500 York Road
                         Jameson, Pennsylvania 18929)
                         Attn:  President

with a copy to:          DVI, Inc.
                         500 Hyde Park
                         Doylestown, Pennsylvania 18901
                          (after July 11, 2000, to:
                         2500 York Road
                         Jameson, Pennsylvania 18929)
                         Attn: Legal Department

Any party may from time to time change its address for the purpose of notices to
that party by a similar notice specifying a new address, but no such change will
be deemed to have been given until it is actually  received by the party  sought
to be charged with its contents.

     8.   General.

     (a) This Warrant shall be governed by and construed in accordance  with the
laws of the State of New York without regard to its conflict of laws provisions.

     (b) Section and  subsection  headings  used herein are included  herein for
convenience  of  reference  only and shall not affect the  construction  of this
Warrant or constitute a part of this Warrant for any other purpose.

     (c)  This  Warrant  may  be  executed   simultaneously  in  any  number  of
counterparts,  each of  which  shall be  deemed  an  original,  but all of which
together  shall   constitute  one  and  the  same  instrument  when  instruments
originally executed by each party shall have been received by the Company.

     (d) The  Holder  may  surrender  this  Warrant  to the  Company in order to
receive a number of replacement warrants in various denominations to purchase in
the aggregate an equal number of Warrant Shares.

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<PAGE>

     IN WITNESS WHEREOF, the Company has duly executed this Warrant on and as of
the date first set forth above.

                                            SCHICK TECHNOLOGIES, INC.

                                            By: _____________________________

                                            Name: ___________________________


                                  Page 7 of 8

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                                     NOTICE
                                       OF
                                WARRANT EXERCISE

TO SCHICK TECHNOLOGIES, INC.:

     The undersigned  hereby  irrevocably  elects to exercise the Warrant and to
purchase  thereunder  ________  full shares of Common  Stock  issuable  upon the
exercise of such Warrant.

     The  Exercise  Price  for  this  warrant  shall  be  paid  by  delivery  of
$___________ in cash as provided for in the Warrant.

     The  undersigned  requests  that  certificates  for such Warrant  Shares be
issued in the name of:

              Name: _________________________________________________

              Address: ______________________________________________

              Employer I.D. or S.S. #: ______________________________

     If such number of Warrants  shall not be all the Warrants  evidenced by the
Warrant document,  the undersigned  requests that a new document  evidencing the
Warrants not so exercised issued and registered in the name of and delivered to:


                                      ----------------------------------------
                                      Name

                                      ----------------------------------------
                                      Address
                                      ----------------------------------------
                                      Employer I.D. or Social Security Number

Date:
      ------------------              ----------------------------------------
                                      Signature
                                      (Signature  must  conform in all respects
                                      to name of holder as specified on the face
                                      of this Warrant Certificate)