Document:

Unassociated Document

    

      FORM
        OF

      SETTLEMENT
        AGREEMENT AND RELEASE OF CLAIMS

      

      This
        Settlement Agreement and Release of Claims (this “Agreement”)
        is
        entered into as of the [__] day of [__________], 2008 (“Effective
        Date”),
        by
        and between g8wave Holdings, Inc. (the “Company”),
        and
        [_______________] (“Investor”)
        (Company and Investor are hereinafter collectively referred to, at times,
        as the
“Parties,”
and
        each individually, as a “Party”).
        

      

      RECITALS

      

      WHEREAS,
        on or about August 13, 2007, the Company issued and sold to Investor, in
        a
        private placement (the “Offering”),
        [____] shares of the Company’s common stock and a warrant to purchase up to an
        additional [_____] shares of the Company’s common stock at an exercise price of
        $2.25 per share.

      

      WHEREAS,
        a potential dispute (the “Potential
        Dispute”)
        has
        arisen between the Company and Investor in connection with the
        Offering.

      

      WHEREAS,
        the Company does not believe that it has any liability to Investor in connection
        with the Offering, but has determined that the economic and other costs (such
        as
        diversion of management’s time and attention) of defending the Potential Dispute
        would exceed the costs of settling with Investor and, therefore, the Parties
        desire to resolve the Potential Dispute and any and all Claims (as defined
        herein) between them as of the Effective Date. 

      

      NOW,
        THEREFORE, in consideration of the mutual promises, covenants, representations,
        and warranties contained herein, and the releases contained herein, the Parties
        agree as follows.

      

      1. 
Issuance
        of Warrant.
        As
        consideration for the release given by Investor pursuant to Section 2, no
        later
        than two business days after the date hereof, the Company shall issue to
        Investor a warrant to purchase up to [________] shares of the Company’s common
        stock (the “New
        Warrant”),
        which
        New Warrant shall be substantially in the form attached as Exhibit
        A
        to this
        Agreement. The New Warrant shall have a per share exercise price of $0.05,
        be
        for a term of ten (10) days, and shall expire at 5:00 P.M. Eastern Standard
        Time
        on the tenth (10th)
        day
        following the date of hereof.

      

      2. 
Releases
        by Investor.
        Except
        for such obligations, rights or claims as may be created by, contingent upon
        or
        arise from the terms and conditions of this Agreement, and expressly contingent
        upon Investor’s receipt of the New Warrant, Investor, on behalf of itself and
        each of its agents, brokers, legatees, devisees, executors, trustees,
        beneficiaries, affiliates, administrators, successors in interest, predecessors
        in interest, assigns, corporations, partners, entities, attorneys, directors,
        officers, employees, insurers, and representatives (collectively, the
“Investor
        Releasors”),
        hereby releases and forever discharges the Company, and each of its agents,
        brokers, affiliates, successors in interest, predecessors in interest, assigns,
        attorneys, directors, officers, employees, insurers, and representatives,
        (collectively, the “Company
        Releasees”),
        and
        each of them, separately and collectively, from any and all claims, losses,
        liens, demands, causes of action, obligations, damages and liabilities of
        any
        kind or nature (collectively, the “Claims”),
        that
        relate to any time up to and including the Effective Date, whether known
        or
        unknown, that the Investor Releasors have, had in the past, or may have in
        the
        future, against the Company Releasees, or any of them, of any type whatsoever,
        including but not limited to Claims arising out of, in connection with, or
        relating to, the Offering or the Potential Dispute.

      

      
        
           

        

        
          1

          
            

          

        

        
           

        

         

      

      3. 
California
        Civil Code Section 1542.
        Except
        for such obligations, rights or claims as may be created by, contingent upon
        or
        arise from the terms and conditions of this Agreement, Investor hereby agrees
        that this Agreement is a full and final accord and satisfaction and release
        as
        to all Claims for any injuries and damages that Investor may ever assert
        against
        the Company in connection with any time up to and including the Effective
        Date,
        relating to the Offering or the Potential Dispute, and/or any other Claims
        relating thereto, whether now known or unknown, contingent or accrued, and
        whether now existing or resulting in the future. In furtherance of this
        intention, and as further consideration for the Agreement, Investor hereby
        waives and relinquishes all rights under Section 1542 of the California Civil
        Code, which provides:

      

      "A
        GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW
        OR
        SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE,
        WHICH
        IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT
        WITH
        THE DEBTOR.”

      

      Accordingly,
        the releases given herein shall remain in effect notwithstanding the discovery
        or existence of any additional facts or Claims in existence at the time this
        Agreement was executed. 

      

      4. 
Representations
        and Warranties.

      

      The
        Parties hereto, and each of them, represent and warrant to each other as
        follows:

      

      (a) 
Each
        of
        the Parties hereto has been advised to seek independent legal advice from
        

      attorneys
        of its own choice with respect to the advisability of making the settlement
        and
        releases provided for herein, and with respect to the advisability of executing
        this Agreement;

      

      (b) 
Each
        of
        the Parties has had an attorney review this Agreement prior to the execution
        of
        this Agreement;

       

        
(c) 
In
        negotiating this Agreement, each of the Parties has made various statements
        and
        representations to the other Party. Nevertheless, each of the Parties
        specifically does not rely upon any statement, representation, legal opinion,
        or
        promise of the other Party in executing this Agreement or in making the
        settlement provided for herein, except as expressly stated in this
        Agreement;

      

      (d) 
Each
        of
        the Parties has made such investigation of the law pertaining to this settlement
        and this Agreement, and of all the matters pertaining thereto, as it deems
        necessary;

      

      
        
           

        

        
          2

          
            

          

        

        
           

        

         

      

      (e) 
The
        terms
        of this Agreement are contractual and not a mere recital. This Agreement
        is the
        result of negotiations between the Parties, each of whom has participated
        in the
        drafting hereof;

      

      (f) 
This
        Agreement has been carefully read by, the contents hereof are known and
        understood by, and it is signed freely by, each of the Parties;

      

      (g) 
Each
        of
        the Parties agrees that it will not take any action which would interfere
        with
        the performance of this Agreement by the other Party hereto, or which would
        adversely affect any of the rights provided for herein; and

      

      (h) 
The
        Parties each represent and warrant that (i) it is duly authorized to execute,
        deliver, and perform this Agreement, (ii) it has duly executed this Agreement,
        and (iii) this Agreement is a valid and binding agreement as to it and is
        fully
        enforceable against it according to the terms of the Agreement.

      

      5.
         
        Investor
        Representations.

      

      Investor
        hereby further represents and warrants to the Company as follows:

       

      (a)  
Investor
        owns all right, title and interest in and to its Claims and has not sold,
        assigned or otherwise transferred to any third party any interest it may
        have in
        any of its Claims; 

       

      (b)  
The
        New
        Warrant and the shares of the Company’s common stock issuable upon exercise of
        the New Warrant (the “Warrant
        Shares”
and,
        collectively with the New Warrant, the “Securities”)
        are
        being acquired for investment for Investor’s own account, not as a nominee or
        agent and not with a view to the resale or distribution of any part
        thereof;

       

      (c)  
Investor has
        had
        an opportunity to ask questions and receive answers and other information
        from
        the Company regarding the terms and conditions of the Securities and the
        business, properties, prospects, financial condition, and results of operations
        of the Company, and Investor has received sufficient information on which
        to
        make an investment decision;

       

      (d)  
Investor
        understands that the purchase of the Securities involves substantial risk.
        Investor is an investor in securities of companies in the developmental stage
        and acknowledges that it can bear the economic risk of its investment
        and has
        such
        knowledge and experience in financial or business matters that it is capable
        of
        evaluating the merits and risks of its investment in the Securities. It has
        not
        been organized for the purpose of acquiring the Securities;

       

      (e)  
Investor
        is an “accredited investor” within the meaning of Rule 501 of Regulation D
        promulgated by the Securities and Exchange Commission (the “SEC”)
        under
        the Securities Act of 1933, as amended (the “Securities
        Act”);

       

      (f)  
Investor
        understands that the Securities are characterized as “restricted securities”
under the federal securities laws inasmuch as they are being acquired in
        a
        transaction not involving a public offering and that under such laws and
        applicable regulations such securities may be resold without registration
        under
        the Securities Act only in certain limited circumstances. In this connection,
        Investor represents that it is familiar with SEC Rule 144, as presently in
        effect, and understands the resale limitations imposed thereby;
        and

       

      
        
           

        

        
          3

          
            

          

        

        
           

        

         

      

      (g)  
Investor
        understands that the certificates evidencing the Securities will bear a legend
        substantially similar to the following, as well as any other legends required
        by
        applicable law:

       

      “THESE
        SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
        AMENDED. THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED
        IN THE
        ABSENCE OF A REGISTRATION STATEMENT IN EFFECT WITH RESPECT TO THE SECURITIES
        UNDER SUCH ACT OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT
        SUCH
        REGISTRATION IS NOT REQUIRED OR UNLESS SOLD PURSUANT TO RULE 144 OF SUCH
        ACT.”

       

      6.
        Registration Rights; Market Stand-Off Agreement

      

      (a)  
In
        the
        event that Investor exercises the New Warrant, the Company shall prepare
        and
        file a registration statement (the “Registration
        Statement”)
        with
        the SEC covering the resale of the Warrant Shares by no later than forty-five
        (45) days following the completion of the Company’s audit for the year ended
        December 31, 2007 and the filing of the Company’s Annual Report on Form 10-KSB
        for the year then ended. The Company shall use its commercially reasonable
        efforts to have the Registration Statement declared effective by the SEC
        as soon
        as possible after the initial filing and agrees to use its commercially
        reasonable efforts to respond promptly to any SEC comments or questions
        regarding the Registration Statement. Subject to the other provisions contained
        herein, including but not limited to the Suspension Right below, the Company
        will maintain the effectiveness of the Registration Statement from the date
        of
        the effectiveness of the Registration Statement until 24 months after that
        date
        or until the Warrant Shares may be sold without registration pursuant to
        Rule
        144, whichever is first to occur.

      

      (b)  
Notwithstanding
        any other provision of this Agreement or any related agreement to the contrary,
        the Company shall have the right (the “Suspension
        Right”),
        at
        any time, to suspend the effectiveness of the Registration Statement and
        offers
        and sales of the Warrant Shares pursuant thereto whenever, in the good faith
        judgment of the Company, (i) continuing such effectiveness or permitting
        such
        offers and sales could reasonably be expected to have an adverse effect upon
        a
        proposed sale of all or substantially all of the assets of the Company or
        a
        merger, acquisition, reorganization, recapitalization or similar current
        transaction materially affecting the capital, structure, or equity ownership
        of
        the Company, (ii) there exists a material development or a potential material
        development with respect to or involving the Company that the Company would
        be
        obligated to disclose in the prospectus used in connection with the Registration
        Statement, which disclosure, in the good faith judgment of the Company, after
        considering the advice of counsel, would be premature or otherwise inadvisable
        at such time, or (iii) the Registration Statement or related prospectus or
        any
        document incorporated or deemed to be incorporated therein by reference contains
        an untrue statement of a material fact or omits to state a material fact
        required to be stated therein or necessary to make the statements therein,
        in
        light of the circumstances, not misleading (a “Suspension
        Event”).
        In
        the event that the Company shall determine to so suspend the effectiveness
        of
        the Registration Statement and offers and sales of the Warrant Shares pursuant
        thereto, the Company shall, in addition to performing those acts required
        to be
        performed under the Securities Act and/or the Exchange Act of 1934, as amended,
        or deemed advisable by the Company, deliver to Investor written notice thereof,
        signed by the Chief Financial Officer or Chief Executive Officer of the Company.
        Upon receipt of such notice, Investor shall discontinue disposition of the
        Warrant Shares until Investor (x) is advised in writing by the Company that
        the
        use of the Registration Statement and prospectus (and offers and sales
        thereunder) may be resumed, (y) has received copies of a supplemental or
        amended
        prospectus, if applicable, and (z) has received copies of any additional
        or
        supplemental filings which are incorporated or deemed to be incorporated
        by
        reference into such prospectus. The Company will exercise reasonable commercial
        efforts to ensure that the use of the Registration Statement and prospectus
        may
        be resumed as quickly as practicable. 

      

      
        
           

        

        
          4

          
            

          

        

        
           
 

      

      (c)  
The
        Company's right to suspend the effectiveness of the Registration Statement
        and
        the offers and sales of the Warrant Shares pursuant thereto, as described
        in
        clause (b) above, shall be for a period of time (the “Suspension
        Period”)
        beginning on the date of the occurrence of the Suspension Event and expiring
        on
        the earlier to occur of (i) the date on which the Suspension Event ceases,
        or
        (ii) sixty (60) days after the occurrence of the Suspension Event; provided,
        however,
        that
        there shall not be more than two Suspension Periods in any twelve (12) month
        period.

      

      (d)  
The
        Company shall notify Investor at any time when a prospectus relating thereto
        is
        required to be delivered under the Securities Act, upon discovery that, or
        upon
        the happening of any event as a result of which, the prospectus included
        in such
        registration statement, as then in effect, includes an untrue statement of
        a
        material fact or omits to state any material fact required to be stated therein
        or necessary to make the statements therein not misleading in light of the
        circumstances then existing. At the request of Investor, the Company shall
        also
        prepare, file and furnish to Investor a reasonable number of copies of a
        supplement to or an amendment of such prospectus as may be necessary so that,
        as
        thereafter delivered to the purchasers of such Shares, such prospectus shall
        not
        include an untrue statement of a material fact or omit to state a material
        fact
        required to be stated therein or necessary to make the statements therein
        not
        misleading in light of the circumstances then existing. Investor agrees not
        to
        offer or sell any Warrant Shares covered by the Registration Statement after
        receipt of such notification until the receipt of such supplement or
        amendment.

      

      (e)  
The
        Company may request Investor to furnish the Company such information with
        respect to Investor and Investor's proposed distribution of the Warrant Shares
        pursuant to the Registration Statement as the Company may from time to time
        reasonably request in writing or as shall be required by law or by the SEC
        in
        connection therewith, and Investor agrees to promptly furnish the Company
        with
        such information.

      

      (f)  
Each
        of
        the Company and Investor shall indemnify the other party hereto and their
        respective officers, directors, employees, affiliates and agents against
        all
        claims, losses, damages and liabilities (or actions in respect thereof) arising
        out of or based on any untrue statement (or alleged untrue statement) by
        the
        indemnifying party of a material fact contained in any prospectus or other
        document (including any related registration statement, notification or the
        like) incident to any registration of the type described in this Section
        6, or
        any omission (or alleged omission) by the indemnifying party to state in
        any
        such document a material fact required to be stated therein or necessary
        to make
        the statements therein not misleading, and shall reimburse such indemnified
        party for any legal and any other expenses reasonably incurred in connection
        with investigating and defending any such claim, loss, damage, liability
        or
        action; provided,
        that no
        party will be eligible for indemnification hereunder to the extent that any
        such
        claim, loss, damage, liability or expense arises out of or is based on any
        untrue statement or omission based upon written information furnished or
        required to be furnished by such party for use in connection with such
        registration.

      

      
        
           

        

        
          5

          
            

          

        

        
           

        

         

      

      (g)  
Investor
        hereby agrees that it will not, without the prior written consent of the
        managing underwriter, during the period commencing on the date of the final
        prospectus relating to the Company's initial underwritten public offering
        and
        ending on the date specified by the Company and the managing underwriter
        (such
        period not to exceed one hundred eighty (180) calendar days) (i) lend, offer,
        pledge, sell, contract to sell, sell any option or contract to purchase,
        purchase any option or contract to sell, grant any option, right or warrant
        to
        purchase, or otherwise transfer or dispose of, directly or indirectly, any
        securities of the Company, including (without limitation) the Warrant Shares
        (whether now owned or hereafter acquired) or (ii) enter into any swap or
        other
        arrangement that transfers to another, in whole or in part, any of the economic
        consequences of ownership of any securities of the Company, including (without
        limitation) the Warrant Shares (whether now owned or hereafter acquired),
        whether any such transaction described in clause (i) or (ii) above is to
        be
        settled by delivery of securities, in cash or otherwise. The foregoing covenants
        shall apply only to the Company's initial underwritten public offering of
        securities after the date hereof, shall not apply to the sale of any shares
        by
        Investor to an underwriter pursuant to an underwriting agreement and shall
        only
        be applicable to Investor if all the Company's executive officers, directors
        and
        greater than ten percent (10%) stockholders enter into similar agreements.
        Investor agrees to execute an agreement(s) reflecting (i) and (ii) above
        as may
        be requested by the managing underwriters at the time of the initial
        underwritten public offering, and further agrees that the Company may impose
        stop transfer instructions with its transfer agent in order to enforce the
        covenants in (i) and (ii) above. The underwriters in connection with the
        Company's initial underwritten public offering are intended third party
        beneficiaries of the covenants in this Section 6(g) and
        shall
        have the right, power and authority to enforce such covenants as though they
        were a party hereto.

      

      7. 
Miscellaneous.
        

      

      (a) 
Severability.

      

      In
        the
        event that any provision of this Agreement should be held to be void, voidable,
        or unenforceable, the remaining portions hereof shall remain in full force
        and
        effect.

      

      
        	
              	(b)	
                Modification.

              

      

       

      This
        Agreement may not be modified in any respect except by an instrument in writing
        signed by all Parties.

      

      
        	
              	(c)	
                Transfer.

              

      

      

      
        
           

        

        
          6

          
            

          

        

        
           

        

         

      

      Neither
        Party shall assign or transfer this Agreement or any rights or obligations
        hereunder without the prior written consent of the other Party, and any attempt
        of assignment or transfer without such consent shall be void.

      

      (d)
         
        Attorney’s
        Fees in the Event of Dispute.

      

      If
        any
        legal action, dispute, or other proceeding arises or is commenced to interpret,
        enforce or recover damages for the breach of any term of this Agreement,
        the
        prevailing party shall be entitled to recover from the non-prevailing party
        all
        reasonable attorney’s fees incurred in connection with such proceeding, in
        addition to costs of suit. 

      

      (e)
         
        Survival
        of Representations and Warranties.

      

      The
        representations and warranties of this Agreement are deemed to survive the
        date
        of execution hereof.

      

      (f)
         
        No
        Admission of Liability.

      

      It
        is
        acknowledged, understood and agreed by the Parties that this is a settlement
        of
        a potential disputed claim, and that this release is not an admission of
        liability or wrongful conduct by either Party. Each Party further agrees
        that it
        will not, and will cause its respective officers, directors, employees, agents,
        representatives, and subsidiaries not to, directly or indirectly, whether
        orally
        or in writing, make any statements or representations to any third party
        (i)
        that the other Party was liable or admitted any liability in connection with
        the
        matters covered by this Agreement, and (ii) regarding the subject matter
        of this
        Agreement, including, but not limited to, any and all discussions preceding
        the
        negotiation and execution of this Agreement, except that either Party may
        disclose the existence of this Agreement and may also disclose the specific
        terms set forth herein as may be required pursuant to applicable law, including,
        but not limited to, the rules and regulations of the Securities and Exchange
        Commission.

      

      (g)
         
        Participation
        in Drafting.

      

      Each
        Party has participated in, cooperated in, or contributed to the drafting
        and
        preparation of this Agreement. In any construction of this Agreement, the
        same
        shall not be construed for, or against, any Party, but shall be construed
        fairly
        according to its plain meaning. 

      

      (h) 
Execution
        of Further Documents. 

      

      Each
        Party hereto will execute all further and additional documents and take such
        further actions as may be reasonable and necessary to effectuate and carry
        out
        the provisions of this Agreement.

      

      (i) 
Counterparts;
        Facsimile Signatures.

      

      
        
           

        

        
          7

          
            

          

        

        
           

        

         

      

      This
        Agreement may be executed in counterparts and by facsimile, and each such
        counterpart and/or facsimile signature shall be deemed to be an original,
        and
        all of which when taken together shall constitute one executed
        agreement.

      

      (j) 
Entire
        Agreement.

      This
        Agreement contains the entire agreement and understanding concerning the
        subject
        matter between the Parties and supersedes and replaces all prior negotiations,
        proposed agreements and agreements, written or oral, between the Parties.
        Each
        of the Parties acknowledges that neither the other Party, nor any agent or
        attorney of the other Party, has made any promise, representation or warranty
        whatever, express or implied, not contained herein concerning the subject
        matter
        hereof to induce it to execute this instrument, and acknowledges that it
        is not
        executing this Agreement in reliance on any such promise, representation
        or
        warranty not contained herein.

      

      (k) 
Governing
        Law; Jurisdiction; Venue.

      

      This
        Agreement shall be governed as to validity, interpretation, construction,
        effect, and in all other respects by the laws of the State of Delaware. In
        the
        event of a dispute arising under or related to this Agreement, the Parties
        submit to the sole and exclusive jurisdiction and venue of the courts of
        the
        Commonwealth of Massachusetts sitting in the city of Boston. 

      

      (l) 
Notices

      

      All
        payments, notices, requests, demands and other communications hereunder shall
        be
        in writing and shall be deemed to have been duly given if physically delivered,
        delivered by a nationally recognized overnight courier, or facsimile, with
        written confirmation at the below address and number provided below for the
        Party, except that all payments must be made by personal delivery or overnight
        courier.

      

      If
        to the
        Company:

      

      g8wave
        Holdings, Inc.

      126
        Brookline Avenue, Suite 201

      Boston,
        MA 02215

      Facsimile
        No.: (617) 450-8786

      Attention:
        Chief Financial Officer

      

      With
        a
        copy to:

      

      Keith
        Sutton , Esq.

      c/o
        Eisner & Frank

      9601
        Wilshire Blvd., Ste. 700

      Beverly
        Hills, CA 90210

      Facsimile
        No.: (310) 855-3201

       

      If
        to
        Investor:

      

      
        
           

        

        
          8

          
            

          

        

        
           

        

         

      

      [ADDRESS]

      Facsimile
        No.: [(___) ___-____]

      

      [Signature
        page follows]

       

      
        
           

        

        
          9

          
            

          

        

        
           

        

      

      

      BY
        THEIR
        SIGNATURES BELOW, EACH OF THE UNDERSIGNED REPRESENTS THAT IT HAS READ THE
        FOREGOING AND FULLY UNDERSTANDS AND AGREES TO EACH AND ALL OF THE TERMS AND
        CONDITIONS SET FORTH HEREIN.

      

      IN
        WITNESS WHEREOF, the Parties have each approved and executed this Agreement
        on
        the date set forth above.

       

      

      G8WAVE
        HOLDINGS, INC.

      

      

      __________________

      By:
        

      Its:
        

      

      

      [INVESTOR]

      

      

      __________________

      By:
        

      Its:
        

       

      
        
           

        

        
          10

          
            

          

        

        
           

        

      

      EXHIBIT
        A

      

      New
        Warrant

      

      [Attached]

       

      
        
           

        

        
          11Unassociated Document

    FORM
      OF WARRANT

    

    THIS
      WARRANT AND ANY SHARES ACQUIRED UPON THE EXERCISE OF THIS WARRANT HAVE NOT
      BEEN
      REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE SOLD
      OR
      OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT
      FILED UNDER SUCH ACT OR PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER SUCH
      ACT.

    

    G8WAVE
      HOLDINGS, INC.

    COMMON
      STOCK PURCHASE WARRANT

    

    January
      __, 2008

    

    This
      certifies that, for good and valuable consideration, g8wave Holdings, Inc.,
      a
      Delaware corporation (the “Company”),
      grants to _________ (the “Warrantholder”),
      the
      right to purchase from the Company ______ validly issued, fully paid and
      nonassessable shares (the “Warrant
      Shares”)
      of the
      Company’s Common Stock, $0.001 par value (the “Common
      Stock”),
      at
      the purchase price per share of $0.05 (the “Exercise
      Price”),
      exercisable at any time and from time to time during the period (the
“Exercise
      Period”)
      commencing on the date hereof and ending at 5:00 P.M. Eastern Standard Time
      on
      the tenth (10th)
      day
      following the date hereof, all subject to the terms, conditions and adjustments
      herein set forth.

    

    
      	
            	1.	
              DURATION
                AND EXERCISE OF WARRANT; PAYMENT OF TAXES;
                INFORMATION.

            

    

    

    
      	
            	1.1	
              DURATION
                AND EXERCISE OF WARRANT.

            

    

    

    (a)
      EXERCISE. This Warrant may be exercised in whole or in part by the Warrantholder
      by (i) the surrender of this Warrant to the Company, with a duly executed
      Exercise Form in the form attached hereto as Exhibit
      A
      specifying the number of Warrant Shares to be purchased, during normal business
      hours on any Business Day during the Exercise Period and (ii) the delivery
      of
      payment to the Company, for the account of the Company, by wire transfer to
      a
      bank account specified by the Company of the Exercise Price for the number
      of
      Warrant Shares specified in the Exercise Form. 

    

    (b)
      PROCEDURAL ISSUES. All Warrant Shares issued pursuant to this Section 1.1 shall
      be deemed to be issued to the Warrantholder as the record holder of such Warrant
      Shares as of the close of business on the Business Day on which this Warrant
      shall have been surrendered and payment received for the Warrant Shares. A
      stock
      certificate or certificates for the Warrant Shares specified in the Exercise
      Form shall be delivered to the Warrantholder as promptly as practicable, and
      in
      any event within ten Business Days, thereafter. If this Warrant shall have
      been
      exercised only in part, the Company shall, at the time of delivery of the stock
      certificate or certificates, deliver to the Warrantholder a new Warrant
      evidencing the rights to purchase the remaining Warrant Shares, which new
      Warrant shall in all other respects be identical to this Warrant. No adjustments
      shall be made on Warrant Shares issuable on the exercise of this Warrant for
      any
      cash dividends paid or payable to holders of record of Common Stock prior to
      the
      date as of which the Warrantholder shall be deemed to be the record holder
      of
      such Warrant Shares.

    

    1.2
      PAYMENT OF TAXES. The issuance of certificates for Warrant Shares shall be
      made
      without charge to the Warrantholder for any stock transfer or other issuance
      tax
      in respect thereto; PROVIDED, HOWEVER, that the Warrantholder shall be required
      to pay any and all taxes which may be payable in respect of any transfer
      involved in the issuance and delivery of any certificate in a name other than
      that of the then Warrantholder as reflected upon the books of the
      Company.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

       

    

    2.
      RESTRICTIONS ON TRANSFER; RESTRICTIVE LEGENDS.

    

    2.1
      RESTRICTIONS ON TRANSFER; COMPLIANCE WITH SECURITIES LAWS. This Warrant and
      the
      Warrant Shares issued upon the exercise of this Warrant may not be transferred
      or assigned in whole or in part without compliance with all applicable federal
      and state securities laws by the transferor and transferee (including the
      delivery of investment representation letters and legal opinions reasonably
      satisfactory to the Company, if such are requested by the Company). The
      Warrantholder, by acceptance hereof, acknowledges that this Warrant and the
      Warrant Shares to be issued upon exercise hereof are being acquired solely
      for
      the Warrantholder’s own account and not as a nominee for any other party, and
      for investment, and that the Warrantholder will not offer, sell or otherwise
      dispose of this Warrant or any Warrant Shares to be issued upon exercise hereof
      except under circumstances that will not result in a violation of the Securities
      Act or any state securities laws.

    

    2.2
      RESTRICTIVE LEGENDS. This Warrant shall (and each Warrant issued in substitution
      for this Warrant issued pursuant to Section 4 shall) be stamped or otherwise
      imprinted with a legend in substantially the following form:

    

    “THIS
      WARRANT AND ANY SHARES ACQUIRED UPON THE EXERCISE OF THIS WARRANT HAVE NOT
      BEEN
      REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE SOLD
      OR
      OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT
      FILED UNDER SUCH ACT OR PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER SUCH
      ACT.”

    

    Except
      as
      otherwise permitted by this Section 2, each stock certificate for Warrant Shares
      issued upon the exercise of any Warrant and each stock certificate issued upon
      the direct or indirect transfer of any such Warrant Shares shall be stamped
      or
      otherwise imprinted with a legend in substantially the following
      form:

    

    “THE
      SHARES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
      SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE SOLD OR OTHERWISE TRANSFERRED
      EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT FILED UNDER SUCH ACT
      OR
      PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER SUCH ACT.”

    

    Notwithstanding
      the foregoing, the Warrantholder may require the Company to issue a stock
      certificate for Warrant Shares without a legend if (i) such Warrant Shares
      have
      been registered for resale under the Securities Act or sold pursuant to Rule
      144
      under the Securities Act (or a successor rule thereto) or (ii) the Warrantholder
      has provided an opinion of counsel addressed to the Company and reasonably
      satisfactory to the Company that such registration is not required with respect
      to such Warrant Shares.

    

    3.
      RESERVATION OF SHARES, ETC.

    

    The
      Company covenants and agrees that all Warrant Shares which are issued upon
      the
      exercise of this Warrant will, upon issuance, be validly issued, fully paid
      and
      nonassessable and free from all taxes, liens, security interests, charges and
      other encumbrances with respect to the issue thereof, other than taxes in
      respect of any transfer occurring contemporaneously with such issue. The Company
      further covenants and agrees that, during the Exercise Period, the Company
      will
      at all times have authorized and reserved, and keep available free from
      preemptive rights, a sufficient number of shares of Common Stock to provide
      for
      the exercise of the rights represented by this Warrant.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

       

    

    4.
      EXCHANGE, LOSS OR DESTRUCTION OF WARRANT.

    

    Upon
      receipt by the Company of evidence reasonably satisfactory to it of the loss,
      theft, destruction or mutilation of this Warrant and, in the case of loss,
      theft
      or destruction, of such bond or indemnification as the Company reasonably may
      require, and, in the case of such mutilation, upon surrender and cancellation
      of
      this Warrant, the Company will execute and deliver a new Warrant of like tenor.
      The term “Warrant” as used in this agreement shall be deemed to include any
      Warrants issued in substitution or exchange for this Warrant.

    

    5.
      OWNERSHIP OF WARRANT.

    

    The
      Company may deem and treat the person in whose name this Warrant is registered
      as the holder and owner hereof (notwithstanding any notations of ownership
      or
      writing hereon made by anyone other than the Company) for all purposes and
      shall
      not be affected by any notice to the contrary.

    

    6.
      CERTAIN ADJUSTMENTS.

    

    6.1
      The
      number of Warrant Shares purchasable upon the exercise of this Warrant and
      the
      Exercise Price shall be subject to adjustment as follows:

    

    (a)
      STOCK
      DIVIDENDS. If at any time prior to the earlier of the exercise of this Warrant
      in full and the expiration of the Exercise Period (i) the Company shall fix
      a
      record date for the issuance of any stock dividend payable in shares of Common
      Stock or (ii) the number of shares of Common Stock shall have been increased
      by
      a subdivision or split-up of shares of Common Stock, then, on the record date
      fixed for the determination of holders of Common Stock entitled to receive
      such
      dividend or immediately after the effective date of subdivision or split-up,
      as
      the case may be, the number of shares of Common Stock to be delivered upon
      exercise of this Warrant will be increased so that the Warrantholder will be
      entitled to receive the number of shares of Common Stock that such Warrantholder
      would have owned immediately following such action had this Warrant been
      exercised immediately prior thereto, and the Exercise Price will be adjusted
      as
      provided below in paragraph (e).

    

    (b)
      COMBINATION OF STOCK. If at any time prior to the earlier of the exercise of
      this Warrant in full and the expiration of the Exercise Period the number of
      shares of Common Stock outstanding shall have been decreased by a combination
      of
      the outstanding shares of Common Stock, then, immediately after the effective
      date of such combination, the number of shares of Common Stock to be delivered
      upon exercise of this Warrant will be decreased so that the Warrantholder
      thereafter will be entitled to receive the number of shares of Common Stock
      that
      such Warrantholder would have owned immediately following such action had this
      Warrant been exercised immediately prior thereto, and the Exercise Price will
      be
      adjusted as provided below in paragraph (e).

    

    
      
         

      

      
         

        
          

        

      

      
         

      

       

    

    (c)
      REORGANIZATION, ETC. If at any time prior to the earlier of the exercise of
      this
      Warrant in full and the expiration of the Exercise Period, any reclassification
      of the Common Stock shall be effected in such a way that the holders of Common
      Stock shall be entitled to receive stock or other securities (the “Other
      Securities”)
      with
      respect to or in exchange for Common Stock, then, this Warrant shall be deemed
      to be exercisable for such Other Securities. 

    

    (d)
      FRACTIONAL SHARES. No fractional shares of Common Stock or scrip shall be issued
      to any Warrantholder in connection with the exercise of this Warrant. Instead
      of
      any fractional shares of Common Stock that would otherwise be issuable to such
      Warrantholder, the Company will pay to such Warrantholder a cash adjustment
      in
      respect of such fractional interest in an amount equal to that fractional
      interest of the closing price per share of Common Stock as listed on the OTC
      Bulletin Board as of the date on which the Warrant was exercised.

    

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

    

    (f)
      NO
      DUPLICATE ADJUSTMENTS. Notwithstanding anything else to the contrary contained
      herein, in no event will an adjustment be made under the provisions of this
      Section 6 to the number of Warrant Shares issuable upon exercise of this Warrant
      or the Exercise Price for any event if an adjustment having substantially the
      same effect to the Warrantholder as any adjustment that otherwise would be
      made
      under the provisions of this Section 6 is made by the Company for any such
      event
      to the number of shares of Common Stock (or other securities) issuable upon
      exercise of this Warrant or the Exercise Price. 

    

    6.2
      NO
      ADJUSTMENT FOR DIVIDENDS. Except as provided in Section 6.1, no adjustment
      in
      respect of any dividends shall be made during the term of the Warrant or upon
      the exercise of this Warrant.

    

    6.3
      NOTICE OF ADJUSTMENT. Whenever the number of Warrant Shares or the Exercise
      Price of such Warrant Shares is adjusted, as herein provided, the Company shall
      promptly mail by first class, postage prepaid, to the Warrantholder, notice
      of
      such adjustment or adjustments and a certificate of the chief financial officer
      of the Company setting forth the number of Warrant Shares and the Exercise
      Price
      of such Warrant Shares after such adjustment, setting forth a brief statement
      of
      the facts requiring such adjustment and setting forth the computation by which
      such adjustment was made.

    

    7.
      DEFINITIONS.

    

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

    

    BUSINESS
      DAY: any day other than a Saturday, Sunday or a day on which national banks
      are
      authorized by law to close in the City of New York, State of New
      York.

    

    EXERCISE
      FORM: an Exercise Form in the form annexed hereto as Exhibit
      A.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

       

    

    EXERCISE
      PRICE: the meaning specified on the cover of this Warrant, as such price may
      be
      adjusted pursuant to Section 6 hereof.

    

    SECURITIES
      ACT: the Securities Act of 1933, as amended, or any successor federal statute,
      and the rules and regulations of the Commission thereunder, all as the same
      shall be in effect at the time. Reference to a particular section of the
      Securities Act of 1933, as amended, shall include a reference to the comparable
      section, if any, of any successor federal statute.

    

    8.
      MISCELLANEOUS.

    

    8.1
      ENTIRE AGREEMENT. This Warrant constitutes the entire agreement between the
      Company and the Warrantholder with respect to this Warrant, and supersedes
      all
      prior agreements and understandings, both written and oral, with regard to
      the
      subject matter hereof.

    

    8.2
      BINDING EFFECTS; BENEFITS. This Warrant shall inure to the benefit of and shall
      be binding upon the Company and the Warrantholder and their respective
      successors and permitted assigns. Nothing in this Warrant, expressed or implied,
      is intended to or shall confer on any person other than the Company and the
      Warrantholder, or their respective successors and permitted assigns, any rights,
      remedies, obligations or liabilities under or by reason of this
      Warrant.

    

    8.3
      AMENDMENTS AND WAIVERS. This Warrant may not be modified or amended except
      by an
      instrument or instruments in writing signed by the Company and the
      Warrantholder. Either the Company or the Warrantholder may, by an instrument
      in
      writing, waive compliance by the other party with any term or provision of
      this
      Warrant on the part of such other party hereto to be performed or complied
      with.
      The waiver by any such party of a breach of any term or provision of this
      Warrant shall not be construed as a waiver of any subsequent
      breach.

    

    8.4
      SECTION AND OTHER HEADINGS. The section and other headings contained in this
      Warrant are for reference purposes only and shall not be deemed to be a part
      of
      this Warrant or to affect the meaning or interpretation of this
      Warrant.

    

    8.5
      FURTHER ASSURANCES. Each of the Company and the Warrantholder shall do and
      perform all such further acts and things and execute and deliver all such other
      certificates, instruments and documents as the Company or the Warrantholder
      may,
      at any time and from time to time, reasonably request in connection with the
      performance of any of the provisions of this Warrant.

    

    8.6
      NOTICES. All notices and other communications required or permitted to be given
      under this Warrant shall be in writing and shall be deemed to have been duly
      given if delivered personally or sent by United States mail, postage prepaid,
      to
      the parties hereto at the following addresses or to such other address as any
      party hereto shall hereafter specify by notice to the other party
      hereto:

    

    (a)
      if to
      the Company, addressed to:

    

    g8wave
      Holdings, Inc.

    126
      Brookline Ave. Suite 201

    Boston,
      MA 02215

    Attention:
      Chief Financial Officer

    

    
      
         

      

      
         

        
          

        

      

      
         

      

       

    

    (b)
      if to
      the Warrantholder, addressed to the Warrantholder’s address in the Company’s
      records.

    

    Except
      as
      otherwise provided herein, all such notices and communications shall be deemed
      to have been received on the date of delivery thereof, if delivered personally,
      or on the third Business Day after the mailing thereof.

    

    8.7
      SEVERABILITY. Any term or provision of this Warrant which is invalid or
      unenforceable in a jurisdiction shall, as to such jurisdiction, be ineffective
      to the extent of such invalidity or unenforceability without rendering invalid
      or unenforceable the terms and provisions of this Warrant or affecting the
      validity or enforceability of any of the terms or provisions of this Warrant
      in
      any other jurisdiction.

    

    8.8
      GOVERNING LAW. This Warrant shall be governed by and interpreted in accordance
      with the laws of the State of Delaware, except as they may be preempted by
      federal law. In any action brought or arising out of this Warrant, the
      Warrantholder and the Company hereby consent to the jurisdiction of any federal
      or state court having proper venue within the State of Delaware and also consent
      to the service of process by any means authorized by Delaware or federal
      law.

    

    8.9
      TERMINATION. This Warrant shall expire at 5:00 P.M. Eastern Standard Time,
      on
      the tenth (10th)
      day
      following the date hereof.

    

    8.10
      NO
      RIGHTS OR LIABILITIES AS STOCKHOLDER. Nothing contained in this Warrant shall
      be
      determined as conferring upon the Warrantholder any rights as a stockholder
      of
      the Company until the Warrantholder exercises this Warrant in whole or in part,
      or as imposing any liabilities on the Warrantholder to purchase any securities
      whether such liabilities are asserted by the Company or by creditors or
      stockholders of the Company or otherwise.

    

    [Signature
      page follows]

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    IN
      WITNESS WHEREOF, the Company has caused this Warrant to be signed by its duly
      authorized officer.

    

    

    

    

    

    g8wave
      Holdings, Inc.

    

    By: _________________________________

    Name:

    Title:

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    EXHIBIT
      A

    
 

    EXERCISE
      FORM

    

    (To
      be
      executed upon exercise of this Warrant)

     

    The
      undersigned hereby irrevocably elects to exercise the right, represented by
      this
      Warrant, to purchase Warrant Shares and herewith tenders payment for _______
      of
      the Warrant Shares to the order of g8wave Holdings, Inc. in the amount of
      $_________ in accordance with the terms of this Warrant.

     

    The
      undersigned requests that a certificate (or certificates) for such Warrant
      Shares be registered in the name of the undersigned and that such certificate
      (or certificates) be delivered to the undersigned's address below.

    

    In
      exercising this Warrant, the undersigned hereby confirms and acknowledges that
      the Warrant Shares are being acquired for investment solely for the account
      of
      the undersigned and not as a nominee for any other party, and that the
      undersigned will not offer, sell or otherwise dispose of any such Warrant Shares
      except under circumstances that will not result in a violation of the Securities
      Act of 1933, as amended, or any state securities laws.

    

    Dated:
      ________________________ 

     

    
      	
              Signature

            	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	
              (Print
                Name)

            	 
	 	 	 	 
	 	 	 	 
	 	 	
              (Street
                Address)

            	 
	 	 	 	 
	 	 	 	 
	 	 	
              (City)   
(State)
                (Zip Code)

            	 

    

     

    If
      said
      number of shares shall not be all the shares purchasable under the within
      Warrant, a new Warrant is to be issued in the name of said undersigned for
      the
      balance remaining of the shares purchasable thereunder.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00139-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00139-of-00352.parquet"}]]