Document:

THIS
      NOTE AND THE COMMON SHARES ISSUABLE UPON CONVERSION OF THIS NOTE HAVE NOT BEEN
      REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THIS NOTE AND THE
      COMMON SHARES ISSUABLE UPON CONVERSION OF THIS NOTE MAY NOT BE SOLD, OFFERED
      FOR
      SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION
      STATEMENT AS TO THIS NOTE UNDER SAID ACT OR AN OPINION OF COUNSEL REASONABLY
      SATISFACTORY TO INROB TECH LTD. THAT SUCH REGISTRATION IS NOT
      REQUIRED.

     

    
      	Principal
              $____________	
              Issue
                Date: March ___,
                2007

            

    

     

    SECURED
      CONVERTIBLE PROMISSORY NOTE

    

    

    FOR
      VALUE
      RECEIVED, INROB TECH LTD., a Nevada corporation (hereinafter called "Borrower"),
      hereby promises to pay to _____________________________________________, (the
      "Holder") or its registered assigns or successors in interest or order, without
      demand, the sum of ________________________________________ Dollars
      ($___________) (“Principal Amount”), with simple and unpaid interest thereon, on
      March ___, 2009 (the "Maturity Date"), if not sooner paid.

    

    This
      Note
      has been entered into pursuant to the terms of a subscription agreement between
      the Borrower, the Holder and certain other holders (the “Other Holders”) of
      secured convertible promissory notes (the “Other Notes”), dated of even date
      herewith (the “Subscription Agreement”), and shall be governed by the terms of
      such Subscription Agreement. Unless otherwise separately defined herein, all
      capitalized terms used in this Note shall have the same meaning as is set forth
      in the Subscription Agreement. The following terms shall apply to this
      Note:

     

    
      ARTICLE
        I

      

      INTEREST;
        AMORTIZATION; SECURITY AGREEMENT

    

     

    1.1.  Interest
      Rate.
      Subject
      to Section 6.7 hereof, interest payable on this Note shall accrue at a rate
      per
      annum (the "Interest Rate") of eight percent (8%). Interest on the Principal
      Amount shall accrue from the date of this Note and shall
      be
      payable, in arrears, together with Principal Amount payments as described below
      and on the Maturity Date, whether by acceleration or otherwise.

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    1.2.
      Minimum
      Monthly Principal Payments.
      Amortizing payments of the outstanding Principal Amount and interest of this
      Note shall commence on the third month anniversary date of this Note and on
      the
      same day of each month thereafter (each a “Repayment Date”) until the Principal
      Amount and interest have been repaid in full, whether by the payment of cash
      or
      by the conversion of such Principal amount and interest into Common Stock
      pursuant to the terms hereof. Subject to Section 2.1 and Article 3 below, on
      each Repayment Date the Borrower shall make payments to the Holder in the amount
      of 4.76 percent of the initial Principal Amount, all interest accrued on the
      Note as of the Repayment Date and any other amounts which are then owing under
      this Note that have not been paid
      (collectively, the "Monthly Amount"). All payments of cash or amounts converted
      into Common Stock pursuant to this Note by the Holder or Borrower shall
      be
      applied first against outstanding fees and damages, then against accrued
      interest on the Principal Amount and then to Principal Amounts of not yet due
      Monthly Amounts commencing with the Monthly Amount next payable and then Monthly
      Amounts thereafter in reverse chronological order. Any Principal Amount,
      interest and any other sum arising under the Transaction Documents that remains
      outstanding on the Maturity Date shall be due and payable on the Maturity
      Date.

     

    1.3.  Default
      Interest Rate.
      Following the occurrence and during the continuance of an Event of Default,
      which, if susceptible to cure is not cured within ten (10) days, otherwise
      then
      from the first date of such occurrence, the annual interest rate on this Note
      shall (subject to Section 6.7) automatically be increased to fifteen percent
      (15%). 

     

    ARTICLE
      II

    

    CONVERSION
      REPAYMENT

     

    2.1. Payment
      of Monthly Amount in Cash or Common Stock.
      Subject
      to Section 3.2 hereof, the Borrower, at the Borrower’s election, shall pay the
      Monthly Amount (i) in cash in an amount equal to 115% of the Principal Amount
      component of the Monthly Amount and 100% of all other components of the Monthly
      Amount, within three (3) business days after the applicable Repayment Date,
      or
      (ii) in registered Common Stock at an applied conversion rate equal to the
      lesser of (A) the Fixed Conversion Price (as defined in section 3.1 hereof),
      or
      (B) seventy-five percent (75%) of the average of the closing bid price of the
      common stock as reported by Bloomberg L.P. for the Principal Market for the
      five
      trading days preceding the date a Notice of Conversion, if any, [as described
      in
      Section 3(a)] is given to the Borrower by Holder after Borrower notifies Holder
      of its election to pay the Monthly Amount with shares of Common Stock pursuant
      to the following sentence. The Borrower must send notice to the Holder by
      confirmed telecopier not later than 6:00 P.M., New York City time on the
      twenty-second trading day preceding a Repayment Date notifying Holder of
      Borrower’s election to pay the Monthly Redemption Amount in cash or Common
      Stock. The Notice must state the amount of cash to be paid and include
      supporting calculations. If the Borrower elects to pay the Monthly Amount with
      Common Stock and if the Holder does not give Notice of Conversion then the
      Repayment Date shall be deemed the Conversion Date and the Conversion Price
      shall be the lessor of (A) the Fixed Conversion Price (as defined in section
      3.1
      hereof) or (B) seventy five (75%) of the average of the closing bid price for
      the five trading days preceding the Repayment Date. Until fifteen (15) trading
      days after notice is given by the Borrower that the Borrower has elected to
      pay
      the Monthly Amount with Common Stock, the holder may elect to defer such payment
      of Common Stock until the Holder has elected to deliver a Notice of Conversion
      with respect to such Monthly Amount. The Conversion Price with respect to such
      deferred Monthly Amount shall be the Conversion Price set forth above in
      subsection (ii) of this Section 2.1. Amounts paid with shares of Common Stock
      must be delivered to the Holder as described in Section 3.3(b). Elections by
      the
      Borrower must be made to all Other Holders in proportion to the relative Note
      principal held by the Holder and the Other Holders. If such notice is not timely
      sent or if the Monthly Redemption Amount is not timely delivered, then Holder
      shall have the right, instead of the Company, to elect at any time from when
      such notice was required to be given until the applicable Repayment Date whether
      to be paid in cash or Common Stock. Such Holder’s election shall not be
      construed to be a waiver of any default by Borrower relating to non-timely
      compliance by Borrower with any of its obligations under this Note. Borrower
      hereby notifies the Holder that until further notice the Monthly Amount shall
      be
      paid to Holder with shares of Common Stock.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    2.2. No
      Effective Registration.
      Notwithstanding anything to the contrary herein, no amount payable hereunder
      may
      be
      paid in
      shares
      of Common
      Stock by
      the Borrower without the Holder’s consent unless (a) either (i) an effective
      current Registration Statement covering the shares of Common Stock to be issued
      in satisfaction of such obligations exists, or (ii) an exemption from
      registration of the Common Stock is available pursuant to Rule 144(k) of the
      1933 Act, and (b) no Event of Default hereunder (or
      an
      event that with the passage of time or the giving of notice could become an
      Event of Default),
      exists
      and is continuing, unless such event or Event of Default is cured within any
      applicable cure period or is otherwise waived in writing by the Holder in whole
      or in part at the Holder's option.

     

    2.3. Optional
      Redemption of Principal Amount.
      Provided an Event of Default or an event which with the passage of time or
      the
      giving of notice could become an Event of Default has not occurred, whether
      or
      not such Event of Default has been cured, the Borrower will have the option
      of
      prepaying the outstanding Principal amount of this Note ("Optional Redemption"),
      in whole or in part, by paying to the Holder a sum of money equal to one hundred
      and twenty percent (120%) of the Principal amount to be redeemed, together
      with
      accrued but unpaid interest thereon and any and all other sums due, accrued
      or
      payable to the Holder arising under this Note or any Transaction Document
      through the Redemption Payment Date as defined below (the "Redemption Amount").
      Borrower’s election to exercise its right to prepay must be by notice in writing
      (“Notice of Redemption”). The Notice of Redemption shall specify the date for
      such Optional Redemption (the "Redemption Payment Date"), which date shall
      be
      thirty (30) business days after the date of the Notice of Redemption (the
      "Redemption Period"). A Notice of Redemption shall not be effective with respect
      to any portion of the Principal Amount for which the Holder has a pending
      election to convert, or for conversions initiated or made by the Holder during
      the Redemption Period. On the Redemption Payment Date, the Redemption Amount,
      less any portion of the Redemption Amount against which the Holder has exercised
      its conversion rights, shall be paid in good funds to the Holder. In the event
      the Borrower fails to pay the Redemption Amount on the Redemption Payment Date
      as set forth herein, then (i) such Notice of Redemption will be null and void,
      (ii) Borrower will have no right to deliver another Notice of Redemption, and
      (iii) Borrower’s failure may be deemed by Holder to be a non-curable Event of
      Default. A Redemption Notice may be given only at a time a Registration
      Statement is effective. A Notice of Redemption may not be given nor may the
      Borrower effectuate a Redemption without the consent of the Holder, if at any
      time during the Redemption Period an Event of Default or an Event which with
      the
      passage of time or giving of notice could become an Event of Default (whether
      or
      not such Event of Default has been cured), has occurred or the Registration
      Statement registering the Registrable Securities is not effective each day
      during the Redemption Period.

    

    ARTICLE
      III

    

    CONVERSION
      RIGHTS

    

    3.1. Holder's
      Conversion Rights.
      Subject
      to Section 3.2, the Holder shall have the right, but not the obligation at
      all
      times, to convert all or any portion of the then aggregate outstanding Principal
      Amount of this Note, into shares of Common Stock, subject to the terms and
      conditions set forth in this Article III at the rate of $0.25 per share of
      Common Stock (“Fixed Conversion Price”) as same may be adjusted pursuant to this
      Note and the Subscription Agreement. The Holder may exercise such right by
      delivery to the Borrower of a written Notice of Conversion pursuant to Section
      3.3. After the occurrence of an Event of Default, the Fixed Conversion Price
      shall be the lesser of the Fixed Conversion Price or 75% of the average of
      the
      closing bid prices of the Common Stock for the five trading days prior to a
      Conversion Date.

     

    
      
        
        

      

      
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    3.2. Conversion
      Limitation.
      The
      Holder shall not be entitled to convert on a Conversion Date that amount of
      the
      Note in connection with that number of shares of Common Stock which would be
      in
      excess of the sum of (i) the number of shares of common stock beneficially
      owned
      by the Holder and its Affiliates on a Conversion Date, and (ii) the number
      of
      shares of Common Stock issuable upon the conversion of the Note with respect
      to
      which the determination of this provision is being made on a Conversion Date,
      which would result in beneficial ownership by the Holder and its Affiliates
      of
      more than 4.99% of the outstanding shares of common stock of the Company on
      such
      Conversion Date. Beneficial ownership shall be determined in accordance with
      Section 13(d) of the Securities Exchange Act of 1934, as amended, and Regulation
      13d-3 thereunder. Subject to the foregoing, the Holder shall not be limited
      to
      aggregate conversions of only 4.99% and aggregate conversions by the Subscriber
      may exceed 4.99%. The Subscriber may waive the conversion limitation described
      in this Section 7.3, in whole or in part, upon and effective after 61 days
      prior
      written notice to the Company to increase such percentage to up to 9.99%. The
      Subscriber may decide whether to convert a Note or exercise Warrants to achieve
      an actual 4.99% or up to 9.99% ownership position as described
      above.

     

    3.3. Mechanics
      of Holder's Conversion.
        

    

    (a) In
      the
      event that the Holder elects to convert any amounts outstanding under this
      Note
      into Common Stock, the Holder shall give notice of such election by delivering
      an executed and completed notice of conversion (a "Notice of Conversion") to
      the
      Borrower, which Notice of Conversion shall provide a breakdown in reasonable
      detail of the Principal Amount, accrued interest and amounts being converted.
      The original Note is not
      required
      to be surrendered to the Borrower
      until
      all sums due under the Note have been paid. On each Conversion Date (as
      hereinafter defined) and in accordance with its Notice of Conversion, the Holder
      shall make the appropriate reduction to the Principal Amount, accrued interest
      and fees as entered in its records. Each date on which a Notice of Conversion
      is
      delivered or telecopied to the Borrower in accordance with the provisions hereof
      shall be deemed a "Conversion Date." A form of Notice of Conversion
      to be employed by the Holder is annexed hereto as Exhibit A.

    

    (b) Pursuant
      to the terms of a Notice of Conversion, the Borrower will issue instructions
      to
      the transfer agent accompanied by an opinion of counsel, if so required by
      the
      Borrower's transfer agent and shall cause the transfer agent to transmit the
      certificates representing the Conversion Shares to the Holder by crediting
      the
      account of the Holder's designated broker with the Depository Trust Corporation
      ("DTC") through its Deposit Withdrawal Agent Commission ("DWAC") system within
      four (4) business days after receipt by the Borrower of the Notice of Conversion
      (the "Delivery Date"). In the case of the exercise of the conversion rights
      set
      forth herein the conversion privilege shall be deemed to have been exercised
      and
      the Conversion Shares issuable upon such conversion shall be deemed to have
      been
      issued upon the date of receipt by the Borrower of the Notice of Conversion.
      The
      Holder shall be treated for all purposes as the record holder of such shares
      of
      Common Stock, unless the Holder provides the Borrower written instructions
      to
      the contrary. Notwithstanding
      the foregoing to the contrary, the Borrower or its transfer agent shall only
      be
      obligated to issue and deliver the shares to the DTC on the Holder’s behalf via
      DWAC (or certificates free of restrictive legends) if the registration statement
      providing for the resale of the shares of Common Stock issuable upon the
      conversion of this Note is effective and the Holder has complied with all
      applicable securities laws in connection with the sale of the Common Stock,
      including, without limitation, the prospectus delivery requirements. In the
      event that Conversion Shares cannot be delivered to the Holder via DWAC, the
      Borrower shall deliver physical certificates representing the Conversion Shares
      by the Delivery Date.

     

    
      
        
        

      

      
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    3.4. Conversion
      Mechanics.

    

    (a) The
      number of shares of Common Stock to be issued upon each conversion of this
      Note
      pursuant to this Article III shall be determined by dividing that portion of
      the
      Principal Amount and interest and fees to be converted, if any, by the then
      applicable Fixed Conversion Price.

     

    (b) The
      Fixed
      Conversion Price and number and kind of shares or other securities to be issued
      upon conversion shall be subject to adjustment from time to time upon the
      happening of certain events while this conversion right remains outstanding,
      as
      follows:

    

    A. Merger,
      Sale of Assets, etc.
      If the
      Borrower at any time shall consolidate with or merge into or sell or convey
      all
      or substantially all its assets to any other corporation, this Note, as to
      the
      unpaid principal portion thereof and accrued interest thereon, shall thereafter
      be deemed to evidence the right to purchase such number and kind of shares
      or
      other securities and property as would have been issuable or distributable
      on
      account of such consolidation, merger, sale or conveyance, upon or with respect
      to the securities subject to the conversion or purchase right immediately prior
      to such consolidation, merger, sale or conveyance. The foregoing provision
      shall
      similarly apply to successive transactions of a similar nature by any such
      successor or purchaser. Without limiting the generality of the foregoing, the
      anti-dilution provisions of this Section shall apply to such securities of
      such
      successor or purchaser after any such consolidation, merger, sale or
      conveyance.

    

    B. Reclassification,
      etc.
      If the
      Borrower at any time shall, by reclassification or otherwise, change the Common
      Stock into the same or a different number of securities of any class or classes,
      this Note, as to the unpaid principal portion thereof and accrued interest
      thereon, shall thereafter be deemed to evidence the right to purchase an
      adjusted number of such securities and kind of securities as would have been
      issuable as the result of such change with respect to the Common Stock
      immediately prior to such reclassification or other change.

    

    C. Stock
      Splits, Combinations and Dividends.
      If the
      shares of Common Stock are subdivided or combined into a greater or smaller
      number of shares of Common Stock, or if a dividend is paid on the Common Stock
      in shares of Common Stock, the Conversion Price shall be proportionately reduced
      in case of subdivision of shares or stock dividend or proportionately increased
      in the case of combination of shares, in each such case by the ratio which
      the
      total number of shares of Common Stock outstanding immediately after such event
      bears to the total number of shares of Common Stock outstanding immediately
      prior to such event.

    

    D. Share
      Issuance.
      So long
      as this Note is outstanding, if the Borrower shall issue any Common Stock except
      for the Excepted Issuances (as defined in the Subscription Agreement), prior
      to
      the complete conversion or payment of this Note, for a consideration less than
      the Fixed Conversion Price that would be in effect at the time of such issue,
      then, and thereafter successively upon each such issuance, the Fixed Conversion
      Price shall be reduced to such other lower issue price. For purposes of this
      adjustment, the issuance of any security or debt instrument of the Borrower
      carrying the right to convert such security or debt instrument into Common
      Stock
      or of any warrant, right or option to purchase Common Stock shall result in
      an
      adjustment to the Fixed Conversion Price upon the issuance of the
      above-described security, debt instrument, warrant, right, or option and again
      upon the issuance of shares of Common Stock upon exercise of such conversion
      or
      purchase rights if such issuance is at a price lower than the then applicable
      Conversion Price. The reduction of the Fixed Conversion Price described in
      this
      paragraph is in addition to the other rights of the Holder described in the
      Subscription Agreement.

     

    
      
        
        

      

      
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    (c) Whenever
      the Conversion Price is adjusted pursuant to Section 3.4(b) above, the Borrower
      shall promptly mail to the Holder a notice setting forth the Conversion Price
      after such adjustment and setting forth a statement of the facts requiring
      such
      adjustment.

    

    3.5. Reservation.
      Borrower shall reserve Common Stock issuable upon conversion of this Note as
      described in the Subscription Agreement. Borrower
      represents that upon issuance, such shares will be duly and validly issued,
      fully
      paid and
      non-assessable. Borrower agrees that its issuance of this Note shall constitute
      full authority to its officers, agents, and transfer agents who are charged
      with
      the duty of executing and issuing stock certificates to execute and issue the
      necessary certificates for shares of Common Stock upon the conversion of this
      Note.

    

    3.6 Issuance
      of Replacement Note.
      Upon
      any partial conversion of this Note, a replacement Note containing the same
      date
      and provisions of this Note shall,
      at the
      written request of the Holder, be
      issued
      by the Borrower to the Holder for the outstanding Principal Amount of this
      Note
      and accrued interest which shall not have been converted or paid, provided
      Holder has surrendered an original Note to the Company. In the event that the
      Holder elects not to surrender a Note for reissuance upon partial payment or
      conversion, the Holder hereby indemnifies the Borrower against any and all
      loss
      or damage attributable to a third-party claim in an amount in excess of the
      actual amount then due under the Note.

    

    ARTICLE
      IV

    

    SECURITY
      INTEREST

    

    4. Security
      Interest/Waiver of Automatic Stay.
      This
      Note is secured by a security interest granted to the Collateral Agent for
      the
      benefit of the Holder pursuant to a Security Agreement, as delivered by Borrower
      to Holder. The Borrower acknowledges and agrees that should a proceeding under
      any bankruptcy or insolvency law be commenced by or against the Borrower, or
      if
      any of the Collateral (as defined in the Security Agreement) should become
      the
      subject of any bankruptcy or insolvency proceeding, then the Holder should
      be
      entitled to, among other relief to which the Holder may be entitled under the
      Transaction Documents and any other agreement to which the Borrower and Holder
      are parties (collectively, "Loan Documents") and/or applicable law, an order
      from the court granting immediate relief from the automatic stay pursuant to
      11
      U.S.C. Section 362 to permit the Holder to exercise all of its rights and
      remedies pursuant to the Loan Documents and/or applicable law. TO THE EXTENT
      PERMITTED BY LAW, THE BORROWER EXPRESSLY WAIVES THE BENEFIT OF THE AUTOMATIC
      STAY IMPOSED BY 11 U.S.C. SECTION 362. FURTHERMORE, THE BORROWER EXPRESSLY
      ACKNOWLEDGES AND AGREES THAT NEITHER 11 U.S.C. SECTION 362 NOR ANY OTHER SECTION
      OF THE BANKRUPTCY CODE OR OTHER STATUTE OR RULE (INCLUDING, WITHOUT LIMITATION,
      11 U.S.C. SECTION 105) SHALL STAY, INTERDICT, CONDITION, REDUCE OR INHIBIT
      IN
      ANY WAY THE ABILITY OF THE HOLDER TO ENFORCE ANY OF ITS RIGHTS AND REMEDIES
      UNDER THE LOAN DOCUMENTS AND/OR APPLICABLE LAW. The Borrower hereby consents
      to
      any motion for relief from stay that may be filed by the Holder in any
      bankruptcy or insolvency proceeding initiated by or against the Borrower and,
      further, agrees not to file any opposition to any motion for relief from stay
      filed by the Holder. The Borrower represents, acknowledges and agrees that
      this
      provision is a specific and material aspect of the Loan Documents, and that
      the
      Holder would not agree to the terms of the Loan Documents if this waiver were
      not a part of this Note. The Borrower further represents, acknowledges and
      agrees that this waiver is knowingly, intelligently and voluntarily made, that
      neither the Holder nor any person acting on behalf of the Holder has made any
      representations to induce this waiver, that the Borrower has been represented
      (or has had the opportunity to he represented) in the signing of this Note
      and
      the Loan Documents and in the making of this waiver by independent legal counsel
      selected by the Borrower and that the Borrower has discussed this waiver with
      counsel.

     

    
      
        
        

      

      
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    ARTICLE
      V

    

    EVENTS
      OF DEFAULT

    

    The
      occurrence of any of the following events of default ("Event of Default") shall,
      at the option of the Holder hereof, make all sums of principal and interest
      then
      remaining unpaid hereon and all other amounts payable hereunder immediately
      due
      and payable, upon demand, without presentment, or grace period, all of which
      hereby are expressly waived, except as set forth below:

    

    5.1 Failure
      to Pay Principal or Interest.
      The
      Borrower fails to pay any installment of Principal Amount, interest or other
      sum
      due under this Note or any Transaction Document when due and such failure
      continues for a period of five (5) business days after the due
      date.

    

    5.2 Breach
      of Covenant.
      The
      Borrower breaches any material covenant or other term or condition of the
      Subscription Agreement, this Note or other Transaction Document in any material
      respect and such breach, if subject to cure, continues for a period of fifteen
      (15) business days after written notice to the Borrower from the
      Holder.

    

    5.3 Breach
      of Representations and Warranties.
      Any
      material representation or warranty of the Borrower made herein, in the
      Subscription Agreement, Transaction Document or in any agreement, statement
      or
      certificate given in writing pursuant hereto or in connection herewith or
      therewith shall be false or misleading in any material respect as of the date
      made and the Closing Date.

    

    5.4 Receiver
      or Trustee.
      The
      Borrower or any Subsidiary of Borrower shall make an assignment for the benefit
      of creditors, or apply for or consent to the appointment of a receiver or
      trustee for them or for a substantial part of their property or business; or
      such a receiver or trustee shall otherwise be appointed.

    

    5.5 Judgments.
      Any
      money judgment, writ or similar final process shall be entered or filed against
      Borrower or any subsidiary of Borrower or any of their property or other assets
      for more than $50,000,
      and
      shall remain unpaid, unvacated, unbonded or unstayed for a period of forty-five
      (45) days.

    

    5.6 Non-Payment.
      A
      default by the Borrower under any one or more obligations in an aggregate
      monetary amount in excess of One Hundred Thousand Dollars ($100,000.00) for
      more
      than twenty days after the due date unless the Borrower is contesting the
      validity of such obligation in good faith, beyond any applicable grace
      period;

    

    5.7 Bankruptcy.
      Bankruptcy, insolvency, reorganization or liquidation proceedings or other
      proceedings or relief under any bankruptcy law or any law, or the issuance
      of
      any notice in relation to such event, for the relief of debtors shall be
      instituted by or against the Borrower or any Subsidiary of Borrower and if
      instituted against them are not dismissed within forty-five (45) days
      of
      initiation.

    

    5.8 Delisting.
      Failure
      of the Common Stock to be quoted or listed on the OTC Bulletin Board (“Bulletin
      Board”) or other Principal Market; failure to comply with the requirements for
      continued listing on the Bulletin Board for a period of seven consecutive
      trading days; or notification from the Bulletin Board or any Principal Market
      that the Borrower is not in compliance with the conditions for such continued
      listing on the Bulletin Board or other Principal Market.

     

    
      
        
        

      

      
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    5.9 Stop
      Trade.
      An SEC
      or judicial stop trade order or Principal Market trading suspension with respect
      to Borrower’s Common Stock that lasts for five or more consecutive trading
      days.

    

    5.10 Failure
      to Deliver Common Stock or Replacement Note.
      Borrower's failure within ten (10) business days to deliver Common Stock to
      the
      Holder pursuant to and in the form required by this Note or the Subscription
      Agreement, and, if requested by Borrower, a replacement Note,.

    

    5.11 Non-Registration
      Event.
      The
      occurrence of a Non-Registration Event as described in the Subscription
      Agreement.

    

    5.12 Reverse
      Splits.
      The
      Borrower effectuates a reverse split of its Common Stock without twenty days
      prior written notice to the Holder.

    

    5.13 Reservation
      Default.
      Failure
      by the Borrower to have reserved for issuance upon conversion of the Note the
      amount of Common Stock as set forth in this Note and the Subscription
      Agreement.

    

    5.14 DTC
      Default.
      Failure
      by the Borrower to satisfy any DTC Condition for more than ten Business Days
      in
      the aggregate.

    

    5.15 Cross
      Default.
      A
      default by the Borrower of a material term, covenant, warranty or undertaking
      of
      any Transaction Document or other agreement to which the Borrower and Holder
      are
      parties, or the occurrence of a material event of default under any such other
      agreement or the occurrence of an Event of Default in connection with the Prior
      Offering which is not cured after any required notice and/or cure
      period.

    

    ARTICLE
      VI

    

    MISCELLANEOUS

    

    6.1 Failure
      or Indulgence Not Waiver.
      No
      failure or delay on the part of Holder hereof in the exercise of any power,
      right or privilege hereunder shall operate as a waiver thereof, nor shall any
      single or partial exercise of any such power, right or privilege preclude other
      or further exercise thereof or of any other right, power or privilege. All
      rights and remedies existing hereunder are cumulative to, and not exclusive
      of,
      any rights or remedies otherwise available.

    

    6.2 Notices.
      All
      notices, demands, requests, consents, approvals, and other communications
      required or permitted hereunder shall be in writing and, unless otherwise
      specified herein, shall be (i) personally served, (ii) deposited in the mail,
      registered or certified, return receipt requested, postage prepaid, (iii)
      delivered by reputable air courier service with charges prepaid, or (iv)
      transmitted by hand delivery, telegram, or facsimile, addressed as set forth
      below or to such other address as such party shall have specified most recently
      by written notice. Any notice or other communication required or permitted
      to be
      given hereunder shall be deemed effective (a) upon hand delivery or delivery
      by
      facsimile, with accurate confirmation generated by the transmitting facsimile
      machine, at the address or number designated below (if delivered on a business
      day during normal business hours where such notice is to be received), or the
      first business day following such delivery (if delivered other than on a
      business day during normal business hours where such notice is to be received)
      or (b) on the second business day following the date of mailing by express
      courier service, fully prepaid, addressed to such address, or upon actual
      receipt of such mailing, whichever shall first occur. The addresses for such
      communications shall be: (i) if to the Borrower to: Inrob
      Tech Ltd., c/o Sichenzia
      Ross Friedman Ference LLP, 1065 Avenue of Americas, New York, NY 10018, Attn:
      Marc Ross, Esq., telecopier:
      (212) 930-9725, and (ii) if to the Holder, to the name, address and telecopy
      number set forth on the front page of this Note, with a copy by
      telecopier
      only to
      Grushko & Mittman, P.C., 551 Fifth Avenue, Suite 1601, New York, New York
      10176, telecopier number: (212) 697-3575. The
      Borrower and Holder may change its address and fax number upon three business
      days prior notice given in accordance with this Section. Any change of address
      or fax number by the Borrower must be to a domestic United States address and
      fax number. In the event that notice is attempted to be given by fax and is
      unsuccessful three times due to a failure not attributable to the given of
      the
      notice, then such notice must be given by alternate method set forth above,
      but
      shall be deemed given as of when such fax notice would have been deemed made
      had
      the fax notice been successful. 

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    6.3 Amendment
      Provision.
      The
      term "Note" and all reference thereto, as used throughout this instrument,
      shall
      mean this instrument as originally executed, or if later amended or
      supplemented, then as so amended or supplemented.

    

    6.4 Assignability.
      This
      Note shall be binding upon the Borrower and its successors and assigns, and
      shall inure to the benefit of the Holder and its successors and
      assigns.

    

    6.5 Cost
      of Collection.
      If
      default is made in the payment of this Note, Borrower shall pay the Holder
      hereof reasonable costs of collection, including reasonable attorneys'
      fees.

    

    6.6 Governing
      Law.
      This
      Note
      shall be governed by and construed in accordance with the laws of the State
      of
      New York, without regard to conflicts
      of laws
      principles that would result in the application of the substantive laws of
      another jurisdiction. Any
      action brought by either party against the other concerning the transactions
      contemplated by this Agreement shall be brought only in the state courts of
      New
      York or in the federal courts located in the state of New York. Both parties
      and
      the individual signing this Note on behalf of the Borrower agree to
      submit
      to the
      jurisdiction of such courts. The prevailing party shall be entitled to recover
      from the other party its reasonable attorney's fees and costs. In the event
      that
      any provision of this Note is invalid or unenforceable under any applicable
      statute or rule of law, then such provision shall be deemed inoperative to
      the
      extent that it may conflict therewith and shall be deemed modified to conform
      with such statute or rule of law. Any such provision which may prove invalid
      or
      unenforceable under any law shall not affect the validity or unenforceability
      of
      any other provision of this Note. Nothing contained herein shall be deemed
      or
      operate to preclude the Holder from bringing suit or taking other legal action
      against the Borrower in any other jurisdiction to collect on the Borrower's
      obligations to Holder, to realize on any collateral or any other security for
      such obligations, or to enforce a judgment or other court in favor of the
      Holder.

    

    6.7 Maximum
      Payments.
      Nothing
      contained herein shall be deemed to establish or require the payment of a rate
      of interest or other charges in excess of the maximum permitted by applicable
      law. In the event that the rate of interest required to be paid or other charges
      hereunder exceed the maximum permitted by such law, any payments in excess
      of
      such maximum shall be credited against amounts owed by the Borrower to the
      Holder and thus refunded to the Borrower.

    

    6.8. Construction.
      Each
      party acknowledges that its legal counsel participated in the preparation of
      this Note and, therefore, stipulates that the rule of construction that
      ambiguities are to be resolved against the drafting party shall not be applied
      in the interpretation of this Note to favor any party against
      the other.

    

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    6.9 Redemption.
      This
      Note may not be redeemed or called without the consent of the Holder except
      as
      described in this Note.

    

    6.10 Shareholder
      Status.
      The
      Holder shall not have rights as a shareholder of the Borrower with respect
      to
      unconverted portions of this Note. However, the Holder will have the rights
      of a
      shareholder of the Borrower with respect to the Shares of Common Stock to be
      received after delivery by the Holder of a Conversion Notice to the
      Borrower.

     

    6.11 Force
      Majeure. Any
      delay
      in or failure of performance by the Company or Subscribers shall not constitute
      a default or give rise to any claim hereunder if such default is exclusively
      a
      result of acts of G-d, war, riots, fire, sustained power failure, flood, strike,
      lockout, epidemics and national defense requirements, provided the party
      claiming excuse makes reasonable effort under the circumstances to comply with
      its obligations. No delay or failure shall be excused by this Section 6.11
      later
      than thirty days after the latest date for performance and applicable cure
      periods.

    

    

    [THIS
      SPACE INTENTIONALLY LEFT BLANK]

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF,
      Borrower has caused this Note to be signed in its name by an authorized officer
      as of the ____ day of March 2007.

    

    INROB
      TECH LTD.

    

    

    By:________________________________

    Name:
      

    Title:
      

     

    WITNESS:

     

    

    ______________________________________

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    NOTICE
      OF CONVERSION

    

    (To
      be
      executed by the Registered Holder in order to convert the Note)

    

    The
      undersigned hereby elects to convert $_________ of the principal and $_________
      of the interest due on the Note issued by Inrob Tech Ltd. on March ___, 2007
      into Shares of Common Stock of Inrob Tech Ltd. (the "Borrower") according to
      the
      conditions set forth in such Note, as of the date written below.

    

    

    

    Date
      of
      Conversion:____________________________________________________________________

    

    

    Conversion
      Price:______________________________________________________________________

    

    

    Number
      of
      Shares of Common Stock Beneficially Owned on the Conversion Date:
      Less
      than 5% of the outstanding Common Stock of Inrob Tech Ltd.

    

    

    Shares
      To
      Be
      Delivered:_________________________________________________________________

    

    

    Signature:____________________________________________________________________________

    

    

    Print
      Name:__________________________________________________________________________

    

    

    Address:_____________________________________________________________________________

    

    ____________________________________________________________________________

    

    
      
        
        

      

      
        12THIS
      WARRANT AND THE COMMON SHARES ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE NOT
      BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THIS WARRANT
      AND
      THE COMMON SHARES ISSUABLE UPON EXERCISE OF THIS WARRANT MAY NOT BE SOLD,
      OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE
      REGISTRATION STATEMENT UNDER SAID ACT OR AN OPINION OF COUNSEL REASONABLY
      SATISFACTORY TO INROB TECH LTD. THAT SUCH REGISTRATION IS NOT
      REQUIRED.

    

    
      	 	
              Right
                to Purchase ________ shares of Common Stock of Inrob Tech Ltd. (subject
                to
                adjustment as provided herein)

            

    

    

    FORM
      OF CLASS A, CLASS B AND FINDER’S 

    COMMON
      STOCK PURCHASE WARRANT

    

      
        	
                No. 2007-001

              	
                Issue
                  Date: March ___, 2007

              

      

    

     

    INROB
      TECH LTD., a corporation organized under the laws of the State of Nevada (the
      “Company”), hereby certifies that, for value received,
      __________________________,
      __________________________________________________________, or its assigns
      (the “Holder”), is entitled, subject to the terms set forth below, to purchase
      from the Company at any time after the Issue Date until 5:00 p.m., E.S.T on
      the
      fifth anniversary of the Actual Effective Date (as defined in Section 11.1(iv)
      of the Subscription Agreement) (the “Expiration Date”), ________ fully paid and
      nonassessable shares of Common Stock at a per share purchase price of $______
      [$0.40
      for Class A Warrants, $0.25 for Finder’s Warrants, $0.50 for Class B
      Warrants].
      The
      aforedescribed purchase price per share, as adjusted from time to time as herein
      provided, is referred to herein as the “Purchase Price.” The number and
      character of such shares of Common Stock and the Purchase Price are subject
      to
      adjustment as provided herein. The Company may reduce the Purchase Price without
      the consent of the Holder. Capitalized terms used and not otherwise defined
      herein shall have the meanings set forth in that certain Subscription Agreement
      (the “Subscription
      Agreement”),
      dated
      March ___, 2007, entered into by the Company and Holders.

    

    As
      used
      herein the following terms, unless the context otherwise requires, have the
      following respective meanings: 

     

    (a) The
      term
“Company” shall mean Inrob Tech Ltd. and any corporation which shall succeed or
      assume the obligations of Inrob Tech Ltd. hereunder. 

     

    (b) The
      term
“Common Stock” includes (a) the Company’s common stock, $0.001 par value
      per share, as authorized on the date of the Subscription Agreement, and (b)
      any
      Other Securities into which or for which any of the securities described in
      (a) may be converted or exchanged pursuant to a plan of recapitalization,
      reorganization, merger, sale of assets or otherwise.

     

    (c) The
      term
“Other Securities” refers to any stock (other than Common Stock) and other
      securities of the Company or any other person (corporate or otherwise) which
      the
      holder of the Warrant at any time shall be entitled to receive, or shall have
      received, on the exercise of the Warrant, in lieu of or in addition to Common
      Stock, or which at any time shall be issuable or shall have been issued in
      exchange for or in replacement of Common Stock or Other Securities pursuant
      to
      Section 5 or otherwise. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    (d) The
      term
“Warrant Shares” shall mean the Common Stock issuable upon exercise of this
      Warrant.

     

    1. Exercise
      of Warrant.

     

    1.1. Number
      of Shares Issuable upon Exercise.
      From
      and after the Issue Date through and including the Expiration Date, the Holder
      hereof shall be entitled to receive, upon exercise of this Warrant in whole
      in
      accordance with the terms of subsection 1.2 or upon exercise of this
      Warrant in part in accordance with subsection 1.3, Common Stock of the
      Company, subject to adjustment pursuant to Section 4.

     

    1.2. Full
      Exercise.
      This
      Warrant may be exercised in full by the Holder hereof by delivery of an original
      or facsimile copy of the form of subscription attached as Exhibit A hereto
      (the “Subscription Form”) duly executed by such Holder and surrender of the
      original Warrant within four (4) days of exercise, to the Company at its
      principal office or at the office of its Warrant Agent (as provided
      hereinafter), accompanied by payment, in cash, wire transfer or by certified
      or
      official bank check payable to the order of the Company, or as otherwise
      directed by the Company in writing in the amount obtained by multiplying the
      number of shares of Common Stock for which this Warrant is then exercisable
      by
      the Purchase Price then in effect. 

     

    1.3. Partial
      Exercise.
      This
      Warrant may be exercised in part (but not for a fractional share) by surrender
      of this Warrant in the manner and at the place provided in subsection 1.2
      except that the amount payable by the Holder on such partial exercise shall
      be
      the amount obtained by multiplying (a) the number of whole shares of Common
      Stock designated by the Holder in the Subscription Form by (b) the Purchase
      Price then in effect. On any such partial exercise, the Company, at its expense,
      will forthwith issue and deliver to or upon the order of the Holder hereof
      a new
      Warrant of like tenor, in the name of the Holder hereof or as such Holder (upon
      payment by such Holder of any applicable transfer taxes) may request, the whole
      number of shares of Common Stock for which such Warrant may still be exercised
      for the balance of.

     

    1.4. Fair
      Market Value.
      Fair
      Market Value of a share of Common Stock as of a particular date (the
“Determination Date”) shall mean: 

     

    (a) If
      the
      Company’s Common Stock is traded on an exchange or is quoted on the National
      Association of Securities Dealers, Inc. Automated Quotation (“NASDAQ”), National
      Market System, the NASDAQ Capital Market or the American Stock Exchange, LLC,
      then the closing or last sale price, respectively, reported for the last
      business day immediately preceding the Determination Date;

     

    (b) If
      the
      Company’s Common Stock is not traded on an exchange or on the NASDAQ National
      Market System, the NASDAQ Capital Market or the American Stock Exchange, Inc.,
      but is traded in the over-the-counter market, then the average of the closing
      bid and ask prices reported for the last business day immediately preceding
      the
      Determination Date;

     

    (c) Except
      as
      provided in clause (d) below, if the Company’s Common Stock is not publicly
      traded, then as the Holder and the Company agree, or in the absence of such
      an
      agreement, by arbitration in accordance with the rules then standing of the
      American Arbitration Association, before a single arbitrator to be chosen from
      a
      panel of persons qualified by education and training to pass on the matter
      to be
      decided; or

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (d) If
      the
      Determination Date is the date of a liquidation, dissolution or winding up,
      or
      any event deemed to be a liquidation, dissolution or winding up pursuant to
      the
      Company’s charter, then all amounts to be payable per share to holders of the
      Common Stock pursuant to the charter in the event of such liquidation,
      dissolution or winding up, plus all other amounts to be payable per share in
      respect of the Common Stock in liquidation under the charter, assuming for
      the
      purposes of this clause (d) that all of the shares of Common Stock then
      issuable upon exercise of all of the Warrants are outstanding at the
      Determination Date.

     

    1.5. Company
      Acknowledgment.
      The
      Company will, at the time of the exercise of the Warrant, upon the request
      of
      the Holder hereof acknowledge in writing its continuing obligation to afford
      to
      such Holder any rights to which such Holder shall continue to be entitled after
      such exercise in accordance with the provisions of this Warrant. If the Holder
      shall fail to make any such request, such failure shall not affect the
      continuing obligation of the Company to afford to such Holder any such
      rights.

     

    1.6. Trustee
      for Warrant Holders.
      In the
      event that a qualified bank or trust company shall have been appointed as
      trustee for the Holder of the Warrants pursuant to Subsection 3.2, such
      bank or trust company shall have all the powers and duties of a warrant agent
      (as hereinafter described) and shall accept, in its own name for the account
      of
      the Company or such successor person as may be entitled thereto, all amounts
      otherwise payable to the Company or such successor, as the case may be, on
      exercise of this Warrant pursuant to this Section 1. 

     

    1.7. Delivery
      of Stock Certificates, etc. on Exercise.
      The
      Company agrees that the shares of Common Stock purchased upon exercise of this
      Warrant shall be deemed to be issued to the Holder hereof as the record owner
      of
      such shares as of the close of business on the date on which this Warrant shall
      have been surrendered and payment made for such shares as aforesaid. As soon
      as
      practicable after the exercise of this Warrant in full or in part, and in any
      event within five (5) business
      days
      thereafter (“Warrant Share Delivery Date”), the Company at its expense
      (including the payment by it of any applicable issue taxes) will cause to be
      issued in the name of and delivered to the Holder hereof, or as such Holder
      (upon payment by such Holder of any applicable transfer taxes) may direct in
      compliance with applicable securities laws, a certificate or certificates for
      the number of duly and validly issued, fully paid and nonassessable shares
      of
      Common Stock (or Other Securities) to which such Holder shall be entitled on
      such exercise, plus, in lieu of any fractional share to which such Holder would
      otherwise be entitled, cash equal to such fraction multiplied by the then Fair
      Market Value of one full share of Common Stock, together with any other stock
      or
      other securities and property (including cash, where applicable) to which such
      Holder is entitled upon such exercise pursuant to Section 1 or otherwise.
      The Company understands that a delay in the delivery of the Warrant Shares
      after
      the Warrant Share Delivery Date could result in economic loss to the Holder.
      As
      compensation to the Holder for such loss, the Company agrees to pay (as
      liquidated damages and not as a penalty) to the Holder for late issuance of
      Warrant Shares upon exercise of this Warrant the amount of $100 per business
      day
      after the Warrant Share Delivery Date for each $10,000 of Purchase Price of
      Warrant Shares for which this Warrant is exercised which are not timely
      delivered. The Company shall pay any payments incurred under this Section in
      immediately available funds upon demand. Furthermore, in addition to any other
      remedies which may be available to the Holder, in the event that the Company
      fails for any reason to effect delivery of the Warrant Shares by the Warrant
      Share Delivery Date, the Holder may revoke all or part of the relevant Warrant
      exercise by delivery of a notice to such effect to the Company whereupon the
      Company and the Holder shall each be restored to their respective positions
      immediately prior to the exercise of the relevant portion of this Warrant,
      except that the liquidated damages described above shall be payable through
      the
      date notice of revocation or rescission is given to the Company. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    2. Cashless
      Exercise.

     

    (a) Except
      as
      described below, if a Registration Statement (as defined in the Subscription
      Agreement) (“Registration Statement”) is effective and the Holder may sell its
      shares of Common Stock upon exercise hereof pursuant to the Registration
      Statement, this Warrant may be exercisable in whole or in part for cash only
      as
      set forth in Section 1 above. If such Registration Statement is not
      available,
      then
      commencing one year after the Issue Date, payment upon exercise may be made
      at
      the option of the Holder either in (i) cash, wire transfer or by certified
      or official bank check payable to the order of the Company equal to the
      applicable aggregate Purchase Price, (ii) by cashless exercise in accordance
      with Section (b) below or (iii) by a combination of any of the
      foregoing methods, for the number of shares of Common Stock specified in such
      form (as such exercise number shall be adjusted to reflect any adjustment in
      the
      total number of shares of Common Stock issuable to the Holder per the terms
      of
      this Warrant) and the Holder shall thereupon be entitled to receive the number
      of duly authorized, validly issued, fully-paid and non-assessable shares of
      Common Stock (or Other Securities) determined as provided herein.

     

    (b) If
      the
      Fair Market Value of one share of Common Stock is greater than the Purchase
      Price (at the date of calculation as set forth below), in lieu of exercising
      this Warrant for cash, the Holder may elect to receive shares equal to the
      value
      (as determined below) of this Warrant (or the portion thereof being cancelled)
      by surrender of this Warrant at the principal office of the Company together
      with the properly endorsed Subscription Form in which event the Company shall
      issue to the Holder a number of shares of Common Stock computed using the
      following formula:

     

    X=Y
      (A-B)

               
      A

    

    Where X= the
      number of shares of Common Stock to be issued to the holder

    

    
      	 	
              Y=

            	
              the
                number of shares of Common Stock purchasable under the Warrant or,
                if only
                a portion of the Warrant is being exercised, the portion of the Warrant
                being exercised (at the date of such
                calculation)

            

    

     

    
      	 	
              A=

            	
              the
                average of the closing sale prices of the Common Stock for the five
                (5)
                Trading Days immediately prior to (but not including) the Exercise
                Date

            

    

     

    
      	 	
              B=

            	
              Purchase
                Price (as adjusted to the date of such
                calculation)

            

    

     

    For
      purposes of Rule 144 promulgated under the 1933 Act, it is intended, understood
      and acknowledged that the Warrant Shares issued in a cashless exercise
      transaction shall be deemed to have been acquired by the Holder, and the holding
      period for the Warrant Shares shall be deemed to have commenced, on the date
      this Warrant was originally issued pursuant to the Subscription
      Agreement.

     

    3. Adjustment
      for Reorganization, Consolidation, Merger, etc.

     

    3.1. Reorganization,
      Consolidation, Merger, etc.
      In case
      at any time or from time to time, the Company shall (a) effect a
      reorganization, (b) consolidate with or merge into any other person or
      (c) transfer all or substantially all of its properties or assets to any
      other person under any plan or arrangement contemplating the dissolution of
      the
      Company, then, in each such case, as a condition to the consummation of such
      a
      transaction, proper and adequate provision shall be made by the Company whereby
      the Holder of this Warrant, on the exercise hereof as provided in
      Section 1, at any time after the consummation of such reorganization,
      consolidation or merger or the effective date of such dissolution, as the case
      may be, shall receive, in lieu of the Common Stock (or Other Securities)
      issuable on such exercise prior to such consummation or such effective date,
      the
      stock and other securities and property (including cash) to which such Holder
      would have been entitled upon such consummation or in connection with such
      dissolution, as the case may be, if such Holder had so exercised this Warrant,
      immediately prior thereto, all subject to further adjustment thereafter as
      provided in Section 4.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    3.2. Dissolution.
      In the
      event of any dissolution of the Company following the transfer of all or
      substantially all of its properties or assets, the Company, prior to such
      dissolution, shall at its expense deliver or cause to be delivered the stock
      and
      other securities and property (including cash, where applicable) receivable
      in
      accordance with Section 3.1 by the Holder upon their exercise after the
      effective date of such dissolution pursuant to this Section 3 to a bank or
      trust company (a “Trustee”) having its principal office in New York, NY, as
      trustee for the Holder. 

     

    3.3. Continuation
      of Terms.
      Upon
      any reorganization, consolidation, merger or transfer (and any dissolution
      following any transfer) referred to in this Section 3, this Warrant shall
      continue in full force and effect and the terms hereof shall be applicable
      to
      the Other Securities and property receivable on the exercise of this Warrant
      after the consummation of such reorganization, consolidation or merger or the
      effective date of dissolution following any such transfer, as the case may
      be,
      and shall be binding upon the issuer of any Other Securities, including, in
      the
      case of any such transfer, the person acquiring all or substantially all of
      the
      properties or assets of the Company, whether or not such person shall have
      expressly assumed the terms of this Warrant as provided in Section 4. In
      the event this Warrant does not continue in full force and effect after the
      consummation of the transaction described in this Section 3, then only in
      such event will the Company’s securities and property (including cash, where
      applicable) receivable by the Holder of the Warrants be delivered to the Trustee
      as contemplated by Section 3.2.

     

    3.4 Share
      Issuance.
      Until
      the Expiration Date, if the Company shall issue any Common Stock except for
      the
      Excepted Issuances (as defined in the Subscription Agreement), prior to the
      complete exercise of this Warrant for a consideration less than the Purchase
      Price that would be in effect at the time of such issue, then, and thereafter
      successively upon each such issue, the Purchase Price shall be reduced to such
      other lower purchase price. For purposes of this adjustment, the issuance of
      any
      security or debt instrument of the Company carrying the right to convert such
      security or debt instrument into Common Stock or of any warrant, right or option
      to purchase Common Stock shall result in an adjustment to the Purchase Price
      upon the issuance of the above-described security, debt instrument, warrant,
      right, or option if such issuance is at a price lower than the Purchase Price
      in
      effect upon such issuance. The reduction of the Purchase Price described in
      this
      Section 3.4 is subject to the provisions of, and in addition to the other rights
      of the Holder described in, the Subscription Agreement.

     

    4. Extraordinary
      Events Regarding Common Stock.
      In the
      event that the Company shall (a) issue additional shares of the Common
      Stock as a dividend or other distribution on outstanding Common Stock,
      (b) subdivide its outstanding shares of Common Stock, or (c) combine
      its outstanding shares of the Common Stock into a smaller number of shares
      of
      the Common Stock, then, in each such event, the Purchase Price shall,
      simultaneously with the happening of such event, be adjusted by multiplying
      the
      then Purchase Price by a fraction, the numerator of which shall be the number
      of
      shares of Common Stock outstanding immediately prior to such event and the
      denominator of which shall be the number of shares of Common Stock outstanding
      immediately after such event, and the product so obtained shall thereafter
      be
      the Purchase Price then in effect. The Purchase Price, as so adjusted, shall
      be
      readjusted in the same manner upon the happening of any successive event or
      events described herein in this Section 4. The number of shares of Common
      Stock that the Holder of this Warrant shall thereafter, on the exercise hereof
      as provided in Section 1, be entitled to receive shall be adjusted to a
      number determined by multiplying the number of shares of Common Stock that
      would
      otherwise (but for the provisions of this Section 4) be issuable on such
      exercise by a fraction of which (a) the numerator is the Purchase Price
      that would otherwise (but for the provisions of this Section 4) be in
      effect, and (b) the denominator is the Purchase Price in effect on the date
      of such exercise.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    5. Certificate
      as to Adjustments.
      In each
      case of any adjustment or readjustment in the shares of Common Stock issuable
      on
      the exercise of the Warrants, the Company at its expense will promptly cause
      its
      Chief Financial Officer or other appropriate designee to compute such adjustment
      or readjustment in accordance with the terms of the Warrant and prepare a
      certificate setting forth such adjustment or readjustment and showing in detail
      the facts upon which such adjustment or readjustment is based, including a
      statement of (a) the consideration received or receivable by the Company
      for any additional shares of Common Stock issued or sold or deemed to have
      been
      issued or sold, (b) the number of shares of Common Stock outstanding or
      deemed to be outstanding, and (c) the Purchase Price and the number of
      shares of Common Stock to be received upon exercise of this Warrant, in effect
      immediately prior to such adjustment or readjustment and as adjusted or
      readjusted as provided in this Warrant. The Company will forthwith mail a copy
      of each such certificate to the Holder of the Warrant and any Warrant Agent
      of
      the Company (appointed pursuant to Section 11 hereof).

     

    6. Reservation
      of Stock, etc. Issuable on Exercise of Warrant; Financial
      Statements.
      The
      Company will at all times reserve and keep available, solely for issuance and
      delivery on the exercise of the Warrants, all shares of Common Stock from time
      to time issuable on the exercise of the Warrant. This Warrant entitles the
      Holder hereof to receive copies of all financial and other information
      distributed or required to be distributed to the holders of the Company’s Common
      Stock. 

     

    7. Assignment;
      Exchange of Warrant.
      Subject
      to compliance with applicable securities laws, this Warrant, and the rights
      evidenced hereby, may be transferred by any registered holder hereof (a
“Transferor”). On the surrender for exchange of this Warrant, with the
      Transferor’s endorsement in the form of Exhibit B attached hereto (the
“Transferor Endorsement Form”) and together with an opinion of counsel
      reasonably satisfactory to the Company that the transfer of this Warrant will
      be
      in compliance with applicable securities laws, the Company at its expense,
      twice, only, but with payment by the Transferor of any applicable transfer
      taxes, will issue and deliver to or on the order of the Transferor thereof
      a new
      Warrant or Warrants of like tenor, in the name of the Transferor and/or the
      transferee(s) specified in such Transferor Endorsement Form (each a
“Transferee”), calling in the aggregate on the face or faces thereof for the
      number of shares of Common Stock called for on the face or faces of the Warrant
      so surrendered by the Transferor. No such transfers shall result in a public
      distribution of the Warrant.

     

    8. Replacement
      of Warrant.
      On
      receipt of evidence reasonably satisfactory to the Company of the loss, theft,
      destruction or mutilation of this Warrant and, in the case of any such loss,
      theft or destruction of this Warrant, on delivery of an indemnity agreement
      or
      security reasonably satisfactory in form and amount to the Company or, in the
      case of any such mutilation, on surrender and cancellation of this Warrant,
      the
      Company at its expense, twice only, will execute and deliver, in lieu thereof,
      a
      new Warrant of like tenor.

     

    9. Registration
      Rights.
      The
      Holder of this Warrant has been granted certain registration rights by the
      Company. These registration rights are set forth in the Subscription Agreement.
      The terms of the Subscription Agreement are incorporated herein by this
      reference.

     

    10. Maximum
      Exercise.
      The
      Holder shall not be entitled to exercise this Warrant on an exercise
      date, in
      connection with that number of shares of Common Stock which would be in excess
      of the sum of (i) the number of shares of Common Stock beneficially owned
      by the Holder and its affiliates on an exercise date, and (ii) the number
      of shares of Common Stock issuable upon the exercise of this Warrant with
      respect to which the determination of this limitation is being made on an
      exercise date, which would result in beneficial ownership by the Holder and
      its
      affiliates of more than 4.99% of the outstanding shares of Common Stock on
      such
      date. For the purposes of the immediately preceding sentence, beneficial
      ownership shall be determined in accordance with Section 13(d) of the
      Securities Exchange Act of 1934, as amended, and Regulation 13d-3 thereunder.
      Subject to the foregoing, the Holder shall not be limited to aggregate exercises
      which would result in the issuance of more than 4.99%. The
      restriction described in this paragraph may be waived, in whole or in part,
      upon sixty-one (61) days prior notice from the Holder to the Company to increase
      such percentage to up to 9.99%, but not in excess of 9.99%. The Holder may
      decide whether to convert a Convertible Note or exercise this Warrant to achieve
      an actual 4.99% or up to 9.99% ownership position as described above, but not
      in
      excess of 9.99%.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    11. Warrant
      Agent.
      The
      Company may, by written notice to the Holder of the Warrant, appoint an agent
      (a
“Warrant Agent”) for the purpose of issuing Common Stock on the exercise of this
      Warrant pursuant to Section 1, exchanging this Warrant pursuant to
      Section 7, and replacing this Warrant pursuant to Section 8, or any of
      the foregoing, and thereafter any such issuance, exchange or replacement, as
      the
      case may be, shall be made at such office by such Warrant Agent. 

     

    12. Transfer
      on the Company’s Books.
      Until
      this Warrant is transferred on the books of the Company, the Company may treat
      the registered holder hereof as the absolute owner hereof for all purposes,
      notwithstanding any notice to the contrary. 

     

    13. Warrant
      Exercise Compensation.
      The
      Company has agreed to pay to the Finder identified on Schedule 8 to the
      Subscription Agreement (“Finder”) Warrant Exercise Compensation as described in
      the Subscription Agreement equal to ten percent (10%) of the cash proceeds
      payable to the Company upon exercise of the Warrant. The Warrant Exercise
      Compensation will be paid by the Company to the Finder not later than the fifth
      (5th)
      business day after the Company receives cash proceeds from the exercise of
      this
      Warrant. The Holder of the Warrant has no obligation or responsibility to pay
      Warrant Exercise Compensation. [THIS
      PARAGRAPH WILL BE RESERVED IN THE FINDER’S WARRANT.]

    

    14. Notices.
      All
      notices, demands, requests, consents, approvals, and other communications
      required or permitted hereunder shall be in writing and, unless otherwise
      specified herein, shall be (i) personally served, (ii) deposited in the mail,
      registered or certified, return receipt requested, postage prepaid, (iii)
      delivered by reputable air courier service with charges prepaid, or (iv)
      transmitted by hand delivery, telegram, or facsimile, addressed as set forth
      below or to such other address as such party shall have specified most recently
      by written notice. Any notice or other communication required or permitted
      to be
      given hereunder shall be deemed effective (a) upon hand delivery or delivery
      by
      facsimile, with accurate confirmation generated by the transmitting facsimile
      machine, at the address or number designated below (if delivered on a business
      day during normal business hours where such notice is to be received), or the
      first business day following such delivery (if delivered other than on a
      business day during normal business hours where such notice is to be received)
      or (b) on the second business day following the date of mailing by express
      courier service, fully prepaid, addressed to such address, or upon actual
      receipt of such mailing, whichever shall first occur or
      (c)
      three business days after deposited in the mail if delivered pursuant to
      subsection (ii) above.
      The
      addresses for such communications shall be: (i) if to the Company to:
Inrob
      Tech Ltd., c/o Sichenzia
      Ross Friedman Ference LLP, 1065 Avenue of Americas, New York, NY 10018, Attn:
      Marc Ross, Esq., telecopier:
      (212) 930-9725, (ii) if to the Holder, to the addresses and telecopier number
      set forth in the first paragraph of this Warrant, with an additional copy by
      telecopier only to: Grushko & Mittman, P.C., 551 Fifth Avenue, Suite 1601,
      New York, New York 10176, telecopier number: (212) 697-3575, and (iii) if to
      the
      Finder: to the address and telecopier number set forth on Schedule 8 to the
      Subscription Agreement. The Company and Holder may change its address and fax
      number upon three business days prior notice given in accordance with this
      Section. Any change of address or fax number by the Company must be to a
      domestic United States address and fax number. In the event that notice is
      attempted to be given by fax and is unsuccessful three times due to a failure
      not attributable to the given of the notice, then such notice must be given
      by
      alternate method set forth above, but shall be deemed given as of when such
      fax
      notice would have been deemed made had the fax notice been
      successful.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    15. Miscellaneous.
      This
      Warrant and any term hereof may be changed, waived, discharged or terminated
      only by an instrument in writing signed by the party against which enforcement
      of such change, waiver, discharge or termination is sought. This Warrant shall
      be construed and enforced in accordance with and governed by the laws of New
      York. Any dispute relating to this Warrant shall be adjudicated in New York
      County in the State of New York. The headings in this Warrant are for purposes
      of reference only, and shall not limit or otherwise affect any of the terms
      hereof. The invalidity or unenforceability of any provision hereof shall in
      no
      way affect the validity or enforceability of any other provision. 

     

    16. Force
      Majeure. Any
      delay
      in or failure of performance by the Company or Subscribers shall not constitute
      a default or give rise to any claim hereunder if such default is exclusively
      a
      result of acts of G-d, war, riots, fire, sustained power failure, flood, strike,
      lockout, epidemics and national defense requirements, provided the party
      claiming excuse makes reasonable effort under the circumstances to comply with
      its obligations.

    

    

    [THIS
      SPACE INTENTIONALLY LEFT BLANK]

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Company has executed this Warrant as of the date first
      written above. 

     

    
      	 	 	 
	 	INROB TECH LTD.
	 
 	 
 	 
 
	 	By:  	 
	 	
              
    Name:
	 	    Title 

    

    
 

    
      	
              Witness:

               

               

              
                

              

            	 

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Exhibit A

    FORM
      OF
      SUBSCRIPTION

    (to
      be
      signed only on exercise of Warrant)

     

    TO:
      Inrob
      Tech Ltd. 

     

    The
      undersigned, pursuant to the provisions set forth in the attached Warrant
      (No.____), hereby irrevocably elects to purchase (check applicable
      box):

    

    ___ ________
      shares of the Common Stock covered by such Warrant; or

    ___ the
      maximum number of shares of Common Stock covered by such Warrant pursuant to
      the
      cashless exercise procedure set forth in Section 2.

    

    The
      undersigned herewith makes payment of the full purchase price for such shares
      at
      the price per share provided for in such Warrant, which is $___________. Such
      payment takes the form of (check applicable box or boxes):

    ___ $__________
      in lawful money of the United States; and/or

     

    ___ the
      cancellation of the Warrant to the extent necessary, in accordance with the
      formula set forth in Section 2, to exercise this Warrant with respect to
      the maximum number of shares of Common Stock purchasable pursuant to the
      cashless exercise procedure set forth in Section 2.

    

    The
      undersigned requests that the certificates for such shares be issued in the
      name
      of, and delivered to _____________________________________________________
      whose
      address is
      __________________________________________________________________________________________________________________________________________________________________________

    Number
      of
      Shares of Common Stock Beneficially Owned on the date of exercise: Less
      than
      five percent (5%) of the outstanding Common Stock of Inrob Tech
      Ltd.

     

    The
      undersigned represents and warrants that the representations and warranties
      in
      Section 4 of the Subscription Agreement (as defined in this Warrant) are true
      and accurate with respect to the undersigned on the date hereof.

    

    The
      undersigned represents and warrants that all offers and sales by the undersigned
      of the securities issuable upon exercise of the within Warrant shall be made
      pursuant to registration of the Common Stock under the Securities Act of 1933,
      as amended (the “Securities Act”), or pursuant to an exemption from registration
      under the Securities Act.

     

    
      	
              Dated:___________________

            	
              ______________________________________

              (Signature
                must conform to name of holder as specified on the face of the
                Warrant)

               

              ______________________________________

              ______________________________________

              (Address)

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Exhibit B

    

    FORM
      OF
      TRANSFEROR ENDORSEMENT

    (To
      be
      signed only on transfer of Warrant)

     

    For
      value
      received, the undersigned hereby sells, assigns, and transfers unto the
      person(s) named below under the heading “Transferees” the right represented by
      the within Warrant to purchase the percentage and number of shares of Common
      Stock of Inrob Tech Ltd. to which the within Warrant relates specified under
      the
      headings “Percentage Transferred” and “Number Transferred,” respectively,
      opposite the name(s) of such person(s) and appoints each such person Attorney
      to
      transfer its respective right on the books of Inrob Tech Ltd. with full power
      of
      substitution in the premises.

     

    
      	
              Transferees

            	
              Percentage
                Transferred

            	
              Number
                Transferred

            
	 	 	 
	 	 	 
	 	 	 

    

    

     

    

      
        	
                Dated: ____________________,
                  ___________

              	 	____________________________________________
	 	 	
                (Signature
                  must conform to name of holder as specified on the face of the
                  warrant)

              
	 	 	 
	 	 	 
	
                Signed
                  in the presence of:

              	 	 
	________________________________	 	____________________________________________
	
                (Name)

              	 	____________________________________________
	 	 	
                (address)

              
	 	 	 
	
                ACCEPTED
                  AND AGREED:

              	 	____________________________________________
	
                [TRANSFEREE]

              	 	____________________________________________
	 	 	
                (address)

              
	________________________________	 	 
	
                (Name)

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