Document:

NOVINT
        TECHNOLOGIES, INC.

       

      FORM
        OF

       

      COMMON
        STOCK PURCHASE WARRANT

       

      
        	Warrant No.
                ________	
                 _________
                  Warrants

              

      

             

      VOID
        AFTER 5:00 P.M. LOS ANGELES TIME

       

      ON
        ___________, 2013

       

      THE
        SECURITIES REPRESENTED BY THIS INSTRUMENT HAVE BEEN ACQUIRED FOR INVESTMENT
        AND
        HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
        “SECURITIES
        ACT”),
        AND,
        ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE
        REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE
        EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION
        REQUIREMENTS OF THE SECURITIES ACT AND IN COMPLIANCE WITH APPLICABLE STATE
        SECURITIES LAWS OR BLUE SKY LAWS.

       

      Novint
        Technologies, Inc. (the “Company”),
        having its principal office as of the date hereof at 4601 Paradise Blvd NW,
        Albuquerque, New Mexico, 87114 hereby certifies that, for value received,
        _____________, or its registered assigns, is entitled, subject to the terms
        and
        conditions set forth below, to purchase from the Company at any time on or
        from
        time to time after ___________, 2008 (date that is the Original Issue Date),
        and
        before 5:00 P.M., Los Angeles time, on ______________, 2013 (date that is
        the
        fifth anniversary of the Original Issue Date) (the “Expiration
        Date”),
        __________ fully paid and non-assessable shares of Common Stock (as defined
        below), at the initial Purchase Price per share (as defined below) of $1.00.
        The
        number of such shares of Common Stock and the Purchase Price per share are
        subject to adjustment as provided in Section 5.

       

      The
        Company agreed to issue Warrants, including this Warrant, to purchase up
        to a
        maximum of _________ shares of Common Stock (subject to adjustment as
        provided in Section 5) in connection with the Company's private placement
        of up
        to a maximum aggregate of __________ unsecured convertible notes (“Notes”)
        and
        Warrants.

       

      1. Definitions.

       

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

       

      “Aggregate
        Purchase Price”
has
        the
        meaning set forth in Section 3.1.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

         

      

      “Blue
        Sky Laws”
means
        any state securities or “blue sky” laws.

       

      “Board
        of Directors”
means
        the board of directors of the Company.

       

      “Business
        Day”
means
        any day other than Saturday, Sunday or any other day on which commercial
        banks
        in The City of New York are authorized or required by law to remain
        closed.

       

      “Buy-In”
has
        the
        meaning set forth in Section 4.

       

      “Company”
        includes the Company and any corporation which shall succeed to or assume
        the
        obligations of the Company hereunder. The term "corporation" shall include
        an
        association, joint stock company, business trust, limited liability company
        or
        other similar organization.

       

      “Common
        Stock”
means
        the Company’s Common Stock, $.01 par value per share, authorized as of the date
        hereof, and any stock of any class or classes (however designated) hereafter
        authorized upon reclassification thereof, which, if the Board of Directors
        declares any dividends or distributions, has the right to participate in
        the
        distribution of earnings and assets of the Company after the payment of
        dividends or other distributions on any shares of capital stock of the Company
        entitled to a preference and in the voting for the election of directors
        of the
        Company. 

       

      “Convertible
        Securities”
means
        (i) options to purchase or rights to subscribe for Common Stock, (ii) securities
        by their terms convertible into or exchangeable for Common Stock or (iii)
        options to purchase or rights to subscribe for such convertible or exchangeable
        securities.

       

      “Delivery
        Date”
has
        the
        meaning set forth in Section 4.

       

      “Exchange
        Act”
means
        the Securities Exchange Act of 1934 as the same shall be in effect at the
        time.

       

      “Holder”
means
        any record owner of Warrants or Underlying Securities.

       

      “Market
        Price”
means,
        for one share of Common Stock at any date (i) if the principal trading market
        for the Common Stock is an exchange, the average of the closing sale prices
        per
        share for the last twenty (20) previous trading days in which a sale was
        reported, as officially reported on any consolidated tape, (ii) if the principal
        market for such securities is the over-the-counter market, the average of
        the
        closing sale prices per share on the last twenty (20) previous trading days
        in
        which a sale was reported as set forth by Nasdaq or, (iii) if the security
        is
        not listed on an exchange or Nasdaq, the average of the closing sale prices
        per
        share on the last twenty (20) previous trading days in which a sale was reported
        as set forth in the National Quotation Bureau sheet listing such securities
        for
        such days. Notwithstanding the foregoing, if there is no reported closing
        sale
        price, as the case may be, reported on any of the twenty (20) trading days
        preceding the event requiring a determination of Market Price hereunder,
        then
        the Market Price shall be the average of the high bid and asked prices for
        the
        last ten previous trading days in which a sale was reported; and if there
        is no
        reported high bid and asked prices, as the case may be, reported on any of
        the
        ten trading days preceding the event requiring a determination of Market
        Price
        hereunder, then the Market Price shall be determined in good faith by resolution
        of the Board of Directors. The Market Price of Other Securities, if any,
        shall
        be determined in the same manner as Common Stock.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

         

      

      “Nasdaq”
means
        the Nasdaq Global Market or Nasdaq Capital Market.

       

      “Notice”
has
        the
        meaning set forth in Section 21. 

       

      “Original
        Issue Date”
means
        ___________, 2008. 

       

      “OTC”
means
        the OTC Bulletin Board.

       

      “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 Holders of the Warrants
        at
        any time shall be entitled to receive, or shall have received, upon the exercise
        of the Warrants, 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 6.

       

      “Person”
means
        any individual, sole proprietorship, partnership, corporation, limited liability
        company, business trust, unincorporated association, joint stock corporation,
        trust, joint venture or other entity, any university or similar institution,
        or
        any government or any agency or instrumentality or political subdivision
        thereof.

       

      “Purchase
        Price per share”
means
        $1.00 per share, as may be adjusted from time to time in accordance with
        Section
        5 or 6.

       

      “Registered”
and
        “Registration”
refer
        to a registration effected by filing a registration statement in compliance
        with
        the Securities Act, to permit the disposition of Underlying Securities issued
        or
        issuable upon the exercise of Warrants, and any post-effective amendments
        and
        supplements filed or required to be filed to permit any such
        disposition.

       

      “Securities
        Act”
means
        the Securities Act of 1933 as the same shall be in effect at the
        time.

       

      “Subscriber”
has
        the
        meaning set forth in the Subscription Agreement.

       

      “Underlying
        Securities”
means
        any Common Stock or Other Securities issued or issuable upon exercise of
        Warrants.

       

      “Subscription
        Agreement”
means
        the Subscription Agreement, dated as of ______________, 2008, among the Company
        and the Subscribers. 

       

      “Warrant”
means,
        as applicable, (i) the Warrants dated as of the date hereof, originally issued
        by the Company pursuant to the Subscription Agreement, of which this Warrant
        is
        one, evidencing rights to purchase up to a maximum of _________ shares of
        Common
        Stock, and all Warrants issued upon transfer, division or combination of,
        or in
        substitution for, any thereof (all Warrants shall at all times be identical
        as
        to terms and conditions and date, except as to the number of shares of Common
        Stock for which they may be exercised) or (ii) each right as set forth in
        this
        Warrant to purchase one share of Common Stock, as adjusted from time to time
        in
        accordance with Section 5 or 6.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

         

      

      2. Sale
        or Exercise Without Registration.
        If, at
        the time of any exercise, transfer or surrender for exchange of a Warrant
        or of
        Underlying Securities previously issued upon the exercise of Warrants, such
        Warrant or Underlying Securities shall not be registered under the Securities
        Act, the Company may require, as a condition of allowing such exercise, transfer
        or exchange, that the Holder or transferee of such Warrant or Underlying
        Securities, as the case may be, furnish to the Company an opinion of counsel,
        reasonably satisfactory to the Company, to the effect that such exercise,
        transfer or exchange may be made without registration under the Securities
        Act
        and without registration or qualification under any applicable Blue Sky Laws;
        provided that nothing contained in this Section 2 shall relieve the Holder
        from
        its obligations under the Subscription Agreement. 

       

      3. Exercise
        of Warrant.
        

       

      3.1. Exercise
        in Full.
        Subject
        to the provisions hereof, this Warrant may be exercised in full by the Holder
        hereof by surrender of this Warrant, with the form of subscription at the
        end
        hereof duly executed by such Holder, to the Company at its principal office
        as
        set forth at the head of this Warrant (or such other location as the Company
        from time to time may advise the Holder in writing), accompanied by payment,
        in
        cash or by certified or official bank check payable to the order of the Company,
        in the amount obtained (the “Aggregate
        Purchase Price”)
        by
        multiplying (a) the number of shares of Common Stock then issuable upon exercise
        of this Warrant by (b) the Purchase Price per share on the date of such
        exercise.

       

      3.2. Partial
        Exercise.
        Subject
        to the provisions hereof, this Warrant may be exercised in part by surrender
        of
        this Warrant in the manner and at the place provided in Section 3.1 except
        that
        the amount payable by the Holder upon any partial exercise shall be the amount
        obtained by multiplying (a) the number of shares of Common Stock designated
        by
        the Holder in the subscription at the end hereof by (b) the Purchase Price
        per
        share on the date of such exercise. Upon any such partial exercise, the Company
        at its expense shall forthwith issue and deliver to or upon the order of
        the
        Holder hereof a new Warrant or Warrants of like tenor, in the name of the
        Holder
        hereof or as such Holder (upon payment by such Holder of any applicable transfer
        taxes and subject to the provisions of Section 2) may request, calling in
        the
        aggregate on the face or faces thereof for the number of shares of Common
        Stock
        equal to the number of such shares issuable prior to such partial exercise
        of
        this Warrant minus the number of such shares designated by the Holder in
        the
        subscription at the end hereof.

       

      3.3. Company
        to Reaffirm Obligations.
        The
        Company shall, at the time of any exercise of this 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; provided,
        however, that if the Holder of this Warrant shall fail to make any such request,
        such failure shall not affect the continuing obligation of the Company to
        afford
        such Holder any such rights.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

         

      

      3.4. Certain
        Exercises.
        If an
        exercise of this Warrant is to be made in connection with a registered public
        offering or sale of the Company, such exercise may, at the election of the
        Holder, be conditioned on the consummation of the public offering or sale
        of the
        Company, in which case such exercise shall not be deemed effective until
        the
        consummation of such transaction.

       

      3.5. Limited
        Net Issue Exercise.
        At any
        time or from time to time, to the extent there is no effective registration
        statement registering the resale of the Underlying Securities by the Holder,
        this Warrant may also be exercised at such time by means of a “Net
        Issue Exercise”
in
        which the Holder shall be entitled to receive Underlying Securities equal
        to the
        value of this Warrant (or the portion thereof being exercised by Net Issue
        Exercise) by surrender of this Warrant to the Company together with notice
        of
        such Net Issue Exercise, in which event the Company shall issue to Holder
        a
        number of Underlying Securities computed as of the date of surrender of this
        Warrant to the Company using the following formula:

       

      X
        =
Y
        x
        (A-B)

      A

      Where:

       

      
        	 	
                X
                  =

              	
                the
                  number of Underlying Securities to be issued to Holder pursuant
                  to this
                  Section 3.5;

              

      

       

      
        	 	
                Y
                  =

              	
                the
                  number of Underlying Securities otherwise purchasable under this
                  Warrant,
                  or any lesser number of Underlying Securities as to which this
                  Warrant is
                  being exercised (at the date of such
                  calculation);

              

      

       

      
        	 	
                A
                  =
                  

              	
                the
                  Market Price of one share of Common Stock (at the date of such
                  calculation);

              

      

       

      
        	 	
                B
                  =

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

              

      

       

      4. Delivery
        of Stock Certificates, etc., on Exercise; Buy-In. 

       

      4.1. Delivery
        of Certificates.
        As soon
        as practicable after the exercise of this Warrant in full or in part, and
        in any
        event within ten Business Days thereafter (the “Delivery
        Day”),
        the
        Company at its own expense (including the payment by it of any applicable
        issue
        taxes) shall 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 and subject to the provisions of Section 2) may direct, a
        certificate or certificates for the number of fully paid and non-assessable
        shares of Common Stock or Other Securities to which such Holder shall be
        entitled upon 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 current Market Price of one full share.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

         

      

      4.2. Issuance
        of Certificates.
        If the
        Company fails to deliver to the Holder a certificate or certificates
        representing the Underlying Securities by the third (3rd) trading day following
        the Delivery Date (or such longer or shorter time as is then required by
        the SEC
        regulations on the settlement of trades), then the Holder will have the right
        to
        rescind such exercise. In addition to any other rights available to the Holder,
        if the Company fails to deliver to the Holder a certificate or certificates
        representing the Underlying Securities pursuant to an exercise by the fifth
        (5th) trading day after the Delivery Date, and if after such day the Holder
        is
        required by its broker to purchase (in an open market transaction or otherwise)
        securities to deliver in satisfaction of a sale by the Holder of the Underlying
        Securities which the Holder anticipated receiving upon such exercise (a
“Buy-In”),
        then
        the Company shall (1) pay in cash to the Holder the amount by which (x) the
        Holder’s total purchase price (including brokerage commissions, if any) for the
        shares of Common Stock so purchased exceeds (y) the amount obtained by
        multiplying (A) the number of Underlying Securities that the Company was
        required to deliver to the Holder in connection with the exercise at issue
        times
        (B) the price at which the sell order giving rise to such purchase obligation
        was executed, and (2) at the option of the Holder, either reinstate the portion
        of the Warrant and equivalent number of Underlying Securities for which such
        exercise was not honored or deliver to the Holder the number of Underlying
        Securities that would have been issued had the Company timely complied with
        its
        exercise and delivery obligations hereunder. For example, if the Holder
        purchases Common Stock having a total purchase price of $11,000 to cover
        a
        Buy-In with respect to an attempted exercise of shares of Common Stock with
        an
        aggregate sale price giving rise to such purchase obligation of $10,000,
        under
        clause (1) of the immediately preceding sentence the Company shall be required
        to pay the Holder $1,000. The Holder shall provide the Company written notice
        indicating the amounts payable to the Holder in respect of the Buy-In, together
        with applicable confirmations and other evidence reasonably requested by
        the
        Company. Nothing herein shall limit a Holder's right to pursue any other
        remedies available to it hereunder, at law or in equity including, without
        limitation, a decree of specific performance or injunctive relief with respect
        to the Company's failure to timely deliver certificates representing Underlying
        Securities upon exercise of the Warrant as required pursuant to the terms
        hereof.

       

      5. Adjustment
        for Stock Splits; Dividends.
        The
        number and kind of securities purchasable upon the exercise of this Warrant
        and
        the Purchase Price shall be subject to adjustment from time to time upon
        the
        happening of any of the following. In case the Company shall (i) pay a dividend
        in shares of Common Stock or make a distribution in shares of Common Stock
        to
        holders of its outstanding Common Stock, (ii) subdivide its outstanding shares
        of Common Stock into a greater number of shares, (iii) combine its outstanding
        shares of Common Stock into a smaller number of shares of Common Stock, or
        (iv)
        issue any shares of its capital stock in a reclassification of the Common
        Stock,
        then the number of Underlying Securities purchasable upon exercise of this
        Warrant immediately prior thereto shall be adjusted so that the Holder shall
        be
        entitled to receive the kind and number of Underlying Securities or other
        securities of the Company which it would have owned or have been entitled
        to
        receive had such Warrant been exercised in advance thereof Upon each such
        adjustment of the kind and number of Underlying Securities or other securities
        of the Company which are purchasable hereunder, the Holder shall thereafter
        be
        entitled to purchase the number of Underlying Securities or other securities
        resulting from such adjustment at a Purchase Price per share or other security
        obtained by multiplying the Purchase Price per share in effect immediately
        prior
        to such adjustment by the number of Underlying Securities purchasable pursuant
        hereto immediately prior to such adjustment and dividing by the number of
        Underlying Securities or other securities of the Company resulting from such
        adjustment. An adjustment made pursuant to this paragraph shall become effective
        immediately after the effective date of such event retroactive to the record
        date, if any, for such event. The Company shall not declare or pay a dividend
        in
        cash or other assets prior to the Expiration Date unless the aggregate amount
        of
        any such dividends is less than fifty (50%) percent of the Company’s net
        operating income for the previous fiscal year.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      6. Reorganization,
        Consolidation, Merger, etc.
        In case
        the Company shall reorganize its capital, reclassify its capital stock,
        consolidate or merge with or into another corporation (where the Company
        is not
        the surviving corporation or where there is a change in or distribution with
        respect to the Common Stock of the Company), or sell, transfer or otherwise
        dispose of its property, assets or business to another corporation and, pursuant
        to the terms of such reorganization, reclassification, merger, consolidation
        or
        disposition of assets, shares of common stock of the successor or acquiring
        corporation, or any cash, shares of stock or other securities or property
        of any
        nature whatsoever (including warrants or other subscription or purchase rights)
        in addition to or in lieu of common stock of the successor or acquiring
        corporation (“Other
        Property”),
        are
        to be received by or distributed to the holders of Common Stock of the Company,
        then the Holder shall have the right thereafter to receive, at the option
        of the
        Holder, (a) upon exercise of this Warrant, the number of shares of common
        stock
        of the successor or acquiring corporation or of the Company, if it is the
        surviving corporation, and Other Property receivable upon or as a result
        of such
        reorganization, reclassification, merger, consolidation or disposition of
        assets
        by a Holder of the number of shares of Common Stock for which this Warrant
        is
        exercisable immediately prior to such event or (b) cash equal to the value
        of
        this Warrant as determined in accordance with the Black Scholes option pricing
        formula. In case of any such reorganization, reclassification, merger,
        consolidation or disposition of assets, the successor or acquiring corporation
        (if other than the Company) shall expressly assume the due and punctual
        observance and performance of each and every covenant and condition of this
        Warrant to be performed and observed by the Company and all the obligations
        and
        liabilities hereunder, subject to such modifications as may be deemed
        appropriate (as determined in good faith by resolution of the Board of Directors
        of the Company) in order to provide for adjustments of Underlying Securities
        for
        which this Warrant is exercisable which shall be as nearly equivalent as
        practicable to the adjustments provided for in this Section 6. For purposes
        of
        this Section 6, “common stock of the successor or acquiring corporation” shall
        include stock of such corporation of any class which is not preferred as
        to
        dividends or assets over any other class of stock of such corporation and
        which
        is not subject to redemption and shall also include any evidences of
        indebtedness, shares of stock or other securities which are convertible into
        or
        exchangeable for any such stock, either immediately or upon the arrival of
        a
        specified date or the happening of a specified event and any warrants or
        other
        rights to subscribe for or purchase any such stock. The foregoing provisions
        of
        this Section 6 shall similarly apply to successive reorganizations,
        reclassifications, mergers, consolidations or disposition of
        assets.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

         

      

      7. Further
        Assurances; Reports.
        The
        Company shall take all such action as may be necessary or appropriate in
        order
        that the Company may validly and legally issue fully paid and non-assessable
        shares of Underlying Securities upon the exercise of all Warrants from time
        to
        time outstanding. For so long as the Holder holds this Warrant, the Company
        shall deliver to the Holder contemporaneously with delivery to the holders
        of
        Common Stock, a copy of each report of the Company delivered to such
        holders.

       

      8. Certificate
        as to Adjustments.
        In each
        case of any adjustment or readjustment in the Underlying Securities, the
        Company
        shall, at its expense, promptly cause its Chief Financial Officer to compute
        such adjustment or readjustment in accordance with the terms of this 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,
        and the
        number of shares of Common Stock or Other Securities outstanding or deemed
        to be
        outstanding. The Company shall forthwith mail a copy of each such certificate
        to
        the Holder. 

       

      9. Notices
        of Record Date, etc.
        In the
        event of

       

      (a) any
        taking by the Company of a record of its stockholders for the purpose of
        determining the stockholders thereof who are entitled to receive any dividend
        or
        other distribution, or any right to subscribe for, purchase or otherwise
        acquire
        any shares of stock of any class or any other securities or property, or
        to
        receive any other right, or for the purpose of determining stockholders who
        are
        entitled to vote in connection with any proposed capital reorganization of
        the
        Company, any reclassification or recapitalization of the capital stock of
        the
        Company or any transfer of all or substantially all the assets of the Company
        to
        or consolidation or merger of the Company with or into any other Person,
        or

       

      (b) any
        voluntary or involuntary dissolution, liquidation or winding-up of the
        Company,

       

      then
        and
        in each such event the Company shall mail or cause to be mailed to each Holder
        of a Warrant a notice specifying (i) the date on which any such record is
        to be
        taken for the purpose of such dividend, distribution or right, and stating
        the
        amount and character of such dividend, distribution or right and (ii) the
        date
        on which any such reorganization, reclassification, recapitalization, transfer,
        consolidation, merger, dissolution, liquidation or winding-up is to take
        place,
        and the time, if any, as of which the Holders of record of Underlying Securities
        shall be entitled to exchange their shares of Underlying Securities for
        securities or other property deliverable upon such reorganization,
        reclassification, recapitalization, transfer, consolidation, merger,
        dissolution, liquidation or winding-up. Such notice shall be mailed at least
        20
        days prior to the date therein specified.

       

      10. Reservation
        of Stock, etc., Issuable on Exercise of Warrants.
        The
        Company shall at all times reserve and keep available, solely for issuance
        and
        delivery upon the exercise of the Warrants, all shares of Common Stock (or
        Other
        Securities) from time to time issuable upon the exercise of the
        Warrants.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

         

      

      11. Listing
        on Securities Exchanges; Registration; Issuance of Certain
        Securities.
        In
        furtherance and not in limitation of any other provision of this Warrant,
        if the
        Company at any time shall list any Common Stock (or Other Securities) on
        any
        national securities exchange or Nasdaq, the Company shall, at its expense,
        simultaneously list the Underlying Securities from time to time issuable
        upon
        the exercise of the Warrants on such exchange or Nasdaq, upon official notice
        of
        issuance.

       

      12. Exchange
        of Warrants.
        Subject
        to the provisions of Section 2, upon surrender for exchange of this Warrant,
        properly endorsed, to the Company, as soon as practicable (and in any event
        within three Business Days) the Company at its own expense shall issue and
        deliver to or upon the order of the Holder thereof a new Warrant or Warrants
        of
        like tenor, in the name of such Holder or as such Holder (upon payment by
        such
        Holder of any applicable transfer taxes) may direct, calling in the aggregate
        on
        the face or faces thereof for the number of shares of Common Stock called
        for on
        the face of this Warrant so surrendered.

       

      13. Replacement
        of Warrants.
        Upon
        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, upon delivery of an indemnity agreement reasonably
        satisfactory in form and amount to the Company or, in the case of any such
        mutilation, upon surrender and cancellation of this Warrant, the Company
        at its
        expense shall execute and deliver, in lieu thereof, a new Warrant of like
        tenor.

       

      14. Warrant
        Agent.
        The
        Company may, by written notice to each Holder of a Warrant, appoint an agent
        having an office in New York, New York, for the purpose of issuing Common
        Stock
        (or Other Securities) upon the exercise of the Warrants pursuant to Section
        3,
        exchanging Warrants pursuant to Section 12, and replacing Warrants pursuant
        to
        Section 13, 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
        agent.

       

      15. Remedies.
        The
        Company stipulates that the remedies at law of the Holder of this Warrant
        in the
        event of any default or threatened default by the Company in the performance
        of
        or compliance with any of the terms of this Warrant may not be adequate,
        and
        that such terms may be specifically enforced by a decree for the specific
        performance of any agreement contained herein or by an injunction that may
        be
        sought against a violation of any of the terms hereof or otherwise.

       

      16. No
        Rights as Stockholder.
        This
        Warrant does not entitle the Holder hereof to any voting rights or other
        rights
        as a stockholder of the Company prior to the exercise hereof. 

       

      17. Negotiability,
        etc.
        Subject
        to Section 2, this Warrant is issued upon the following terms, to all of
        which
        each Holder or owner hereof by the taking hereof consents and agrees
        that:

       

      (a) subject
        to the provisions of this Warrant and the Subscription Agreement, title to
        this
        Warrant may be transferred by endorsement (by the Holder hereof executing
        the
        form of assignment at the end hereof); and

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

         

      

      (b) 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.

       

      18. Entire
        Agreement; Successors and Assigns.
        This
        Warrant and the Subscription Agreement constitute the entire contract between
        the parties relative to the subject matter hereof. This Warrant and the
        Subscription Agreement supersede any previous agreement among the parties
        with
        respect to the subject matter hereof. The terms and conditions of this Warrant
        shall inure to the benefit of and be binding upon the respective permitted
        executors, administrators, heirs, successors and assigns of the parties.
        Nothing
        in this Warrant, expressed or implied, is intended to confer upon any party,
        other than the Holder and the Company, any rights, remedies, obligations
        or
        liabilities under or by reason of this Warrant.

       

      19. Governing
        Law.
        This
        Warrant shall be governed by and construed in accordance with the laws of
        the
        State of New Mexico without regard to principles of conflicts of law.

       

      20. Headings.
        The
        headings of the sections of this Warrant are for convenience and shall not
        by
        themselves determine the interpretation of this Warrant.

       

      21. Notices.
        Any
        notice or other communication required or permitted to be given hereunder
        (each
        a “Notice”)
        shall
        be given in writing and shall be made by personal delivery or sent by courier
        or
        certified or registered first-class mail (postage pre-paid), addressed to
        a
        party at its address shown below or at such other address as such party may
        designate by three days’ advance Notice to the other party. 

       

      Any
        Notice to the Holder shall be sent to the address for such Holder set forth
        on
        books and records of the Company.

       

      Any
        Notice to the Company shall be sent to:

       

      Novint
        Technologies, Inc.

      4601
        Paradise Blvd NW

      Albuquerque,
        New Mexico 87114

      Attention:
        CEO

      

      Each
        Notice shall be deemed given and effective upon receipt (or refusal of
        receipt).

       

      22. Severability.
        Whenever possible, each provision of this Warrant shall be interpreted in
        such a
        manner as to be effective and valid under applicable law, but if any provision
        of this Warrant shall be deemed prohibited or invalid under such applicable
        law,
        such provision shall be ineffective to the extent of such prohibition or
        invalidity, and such prohibition or invalidity shall not invalidate the
        remainder of such provision or any other provision of this Warrant.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

         

      

      23. Amendments
        and Waivers.
        Any
        provision of this Warrant may be amended and the observance of any provision
        of
        this Warrant may be waived (either generally or in a particular instance
        and
        either retroactively or prospectively), only with the written consent of
        the
        Company and the Holders of a majority of the Warrants then outstanding. Any
        amendment or waiver effected in accordance with this Section 23 shall be
        binding
        upon each Holder of a Warrant.

       

      24. Construction.
        Words
        (including capitalized terms defined herein) in the singular shall be held
        to
        include the plural and vice versa as the context requires. The words
“herein”,
        “hereinafter”,
        “hereunder”
and
        words of similar import used in this Warrant shall, unless otherwise stated,
        refer to this Warrant as a whole and not to any particular provision of this
        Warrant. All references to “$” in this Warrant and the other agreements
        contemplated hereby shall refer to United States dollars (unless otherwise
        specified expressly). Any reference to any gender includes the other
        genders.

       

      25. Assignability.
        Subject
        to Section 2, this Warrant is fully assignable at any time.

       

      Dated:
        ____________, 2008

       

      NOVINT
        TECHNOLOGIES, INC.

      

      

      

      By:________________________________

      Name:

      Title:

      

       

      Attest:___________________________

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      FORM
        OF
        SUBSCRIPTION

       

      (To
        be
        signed only upon exercise of Warrant)

       

      To:
        NOVINT TECHNOLOGIES, INC.

       

      

       

      The
        undersigned, the Holder of the within Warrant, hereby irrevocably elects
        to
        exercise the purchase right represented by such Warrant for, and to purchase
        thereunder, * shares of Common Stock of Novint Technologies, Inc., and herewith
        makes payment of $__________ or, subject to satisfaction of the conditions
        set
        forth in Section 3.5 of the Warrant,
        [by initial here _____] Holder elects to exercise under the Net Issue Exercise
        provisions of Section 3.5 of the Warrant, and requests that the certificates
        for
        such shares be issued in the name of, and delivered to, ___________________,
        whose address is _______________________.

       

      The
        undersigned represents that the undersigned is acquiring such securities
        for its
        own account for investment and not with a view to or for sale in connection
        with
        any distribution thereof (except for any resale pursuant to, and in accordance
        with a valid registration statement effective under the Securities Act of
        1933).

       

      Dated:

       

      ________________________________________
        

      (Signature
        must conform in all respects to the name of the Holder as specified on the
        face
        of the Warrant)

      

      ________________________________________

      (Address)

       

      *
        Insert
        here the number of shares called for on the face of the Warrant (or, in the
        case
        of a partial exercise, the portion thereof as to which the Warrant is being
        exercised).

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      FORM
        OF
        ASSIGNMENT

       

      (To
        be
        signed by the Holder only upon transfer of Warrant)

       

      

      For
        value
        received, the undersigned hereby sells, assigns and transfers unto
        _________________________ the right represented by the within Warrant to
        purchase _________ shares of Common Stock of Novint Technologies, Inc. to
        which
        the within Warrant relates, and hereby does irrevocably constitute and appoint
        ______________________________ Attorney to transfer such right on the books
        of
        Novint Technologies, Inc. with full power of substitution in the premises.
        The
        Warrant being transferred hereby is one of the Warrants issued by Novint
        Technologies, Inc. as of _________, 2008 to purchase up to a maximum of
        _________ shares of Common Stock.

       

      Dated:_______________

       

      __________________________________________

      (Signature
        must conform in all respects to name of Holder as specified on the face of
        the
        Warrant)

      

      

      __________________________________________

      (Address)

      

      

      _______________________________

      Medallion
        signature guaranteed by a bank

      or
        trust
        company having its

      principal
        office in New York City

      or
        by a
        Member Firm of the New

      York
        Stock Exchange

      or
        American Stock ExchangeSUBSCRIPTION
        PROCEDURE

      

      To
        Subscribe for Notes and Warrants of 

      Novint
        Technologies, Inc.:

      

      

      
        	1.	
                Date
                  and Fill In
                  the amount of Notes and Warrants being subscribed to and

                
                  Complete
                    and Sign
                    the Subscription Agreement on the applicable Signature
                    Page.

                

              

      

      
        
 

      

      
        	
                2.

              	
                Fax
                  the signed Subscription Agreement to, and send all signed originals
                  to and
                  form of payment to:

              

      

      

      Novint
        Technologies, Inc.

      Attn:
        CEO

      4601
        Paradise Blvd NW

      Albuquerque,
        NM 87114

      Phone:
        505-463-1469

      Fax:
        866-298-4420

      

      
        	3.	
                Please
                  make your subscription payment payable to the order of “Novint
                  Technologies, Inc.” 

              

      

      

      
        	4.	
                Wire
                  Transfer Instructions if paying by wire
                  transfer:

              

      

       

      Wells
        Fargo Bank, NM

      routing
        number: 121000248

      account
        number: 2374173264

      account
        name: Novint Technologies, Inc.

       

      Thank
        you
        for your interest.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      SUBSCRIPTION
        AGREEMENT

      

      This
        SUBSCRIPTION
        AGREEMENT
        ("Subscription
        Agreement")
        is
        made and entered into as of ___________, 2008 by and between Novint
        Technologies, Inc.,
        a
        Delaware corporation ("Company"),
        and
        the subscribers whose names and addresses are set forth on the signature
        page
        hereto (each a "Subscriber").
        

      

      The
        Notes
        and Warrants are sometimes referred to herein as the “Securities.”

      

      In
        connection with this subscription, Subscriber and the Company agree as
        follows:

      

      
        	A.	
                Subscription
                  of the Subscriber.

              

      

       

      1. Purchase
        of Notes and Warrants.The
        undersigned Subscriber hereby irrevocably agrees, represents and warrants
        with,
        to and for the benefit of the Company, that such Subscriber is executing
        this
        Subscription Agreement in connection with the subscription by the Subscriber
        for
        (A) that aggregate principal amount of the 7% Unsecured Promissory Notes
        (“Notes”)
        in the
        form of that attached hereto as Exhibit A in the amount as set forth on the
        signature page hereof (“Subscription
        Price”)
        (which
        aggregate amount for all Subscribers shall be up to $2,050,000 and (B) warrants,
        in the form attached hereto as Exhibit B (the “Warrants”)
        to
        acquire up to that number of additional shares of common stock of the Company
        set forth on the signature page hereof (as exercised, the “Warrant
        Shares”).
        With
        respect to each Subscriber, the number of Warrant Shares underlying the Warrant
        shall equal the principal amount of the Note purchased by the Subscriber.
        The
        Warrants are exercisable for a term of five (5) years at an exercise price
        of
        $1.00.

       

      The
        Subscriber understands that the Company is relying upon the accuracy and
        completeness of the information contained herein in complying with its
        obligations under federal and state securities and other applicable laws.
        Subject to the terms and conditions of this Subscription Agreement, upon
        execution and delivery hereof by the Subscriber, the Subscriber hereby agrees
        to
        purchase the Securities pursuant to the transaction hereof, and against
        concurrent delivery of the purchase price for such shares. The date upon
        which
        the final subscription is accepted by the Company and the full Subscription
        Price has been tendered to the Company, shall be known as the “Closing
        Date.”
        

      

      2. Offering.
        This
        offering of the Securities (the "Offering")
        is
        being made to a limited group of investors, all of whom shall represent to
        the
        Company pursuant to this Subscription Agreement that they are "accredited
        investors," as that term is defined in Regulation D promulgated under the
        Securities Act of 1933, as amended (the "Securities
        Act")
        or who
        have otherwise been qualified as investors by the Company. All of the Securities
        offered hereby is being sold by the Company. The Company is offering the
        Securities for the consideration set forth herein. The Company may sell less
        than all of the Securities offered hereby, and shall be entitled to accept
        subscriptions and receive the Subscription Price for each subscription prior
        to
        the entire Offering being subscribed for. The Offering is being made on a
“best
        efforts” basis. The maximum offering by the Company is $1,250,000 worth of
        Securities. This amount may be increased at the Company's discretion.

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

         

      

      3. Convertible
        Notes. The principal and interest amount owed under the Notes may be
        converted during the term of the Note into the Company’s equity securities at
        each holder’s option as follows: the principal amount then due may be converted
        into common stock of the Company at the conversion rate of $1.00 per share.
        Upon
        conversion, the holder will also receive warrants to purchase common stock
        at an
        exercise price of $1.50 per share (“Additional
        Warrants”).
        The
        number of shares of common stock underlying the Additional Warrants shall
        equal
        one-half (1⁄2) the principal and interest amounts converted. The Additional
        Warrants shall be exercisable for a term of five (5) years at an exercise
        price
        of $1.50. Accrued interest may at the option of the Company be paid in cash
        or
        common stock and warrants in accordance with the conversion terms in this
        Section 3. 

       

      
        	B.	
                Representations
                  and Warranties of the
                  Subscriber

              

      

       

      .
        The
        Subscriber hereby represents and warrants to the Company as of the date
        hereof:

       

      1. Place
        of Business.
        The
        principal place of business address set forth below is such Subscriber's
        true
        and correct principal place of business and is the only jurisdiction in which
        an
        offer to sell the Securities was made to such Subscriber and such Subscriber
        has
        no present intention of moving its principal place of business to or of becoming
        a resident of any other state or jurisdiction.

       

      2. Sale
        or Transfer of the Securities. The
        Subscriber understands that the Securities have not been registered under
        the
        Securities Act, or under the laws of any other jurisdiction. The Subscriber
        understands and agrees that transfer or sale of the Securities may be restricted
        or prohibited unless they are subsequently registered under the Securities
        Act
        and, where required, under the laws of other jurisdictions or an exemption
        from
        registration is available. The Subscriber will not offer, sell, transfer
        or
        assign its Securities or any interest therein in contravention of this
        Subscription Agreement, the Securities Act or any state or federal law. The
        Subscriber understands and acknowledges that, because of the substantial
        restrictions on the transferability of the Securities, it may not be possible
        for the Subscriber to liquidate the Subscriber's investment in the Company
        readily, even in the case of an emergency.

       

      3. Representation
        of Accredited Investor Status, Investment Experience and Ability to Bear
        Risk.
        Subscriber
        acknowledges that the Offering has not been registered with the Securities
        and
        Exchange Commission because the Company is relying on an exemption from
        registration under Section 4(2) of the Securities Act and Regulation D
        promulgated thereunder. Subscriber believes
        that at the time of the sale of the Securities to Subscriber, Subscriber
        (or, if
        Subscriber is a corporation, limited liability company or trust, each of
        its
        equity owners) qualifies as an "accredited investor" (as defined under Rule
        501
        of Regulation D promulgated under the Securities Act) using the following
        qualification factors (check all appropriate items):

      

      (__)        
        $1,000,000
        Net Worth Test:

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

         

      

      I,
        Subscriber, am a natural person and my individual net worth, or joint net
        worth
        with my spouse (if any), inclusive
        of home,
        furnishings and automobiles, at the time of this purchase is in excess of
        $1,000,000.

      

       (__)       
        $200,000 Individual/$300,000 Joint Annual Income Test:

      

      I,
        Subscriber, am a natural person and my individual annual gross income (exclusive
        of my spouse's income) has been in excess of $200,000 in each of the two
        most
        recent tax years, and I reasonably expect individual annual gross income
        (exclusive of my spouse's income) to be in excess of $200,000 for the current
        tax year; or I am a natural person and my joint annual gross income (including
        my spouse's annual gross income) has been in excess of $300,000 in each of
        the
        two most recent tax years, and I reasonably expect our joint annual gross
        incomes to be in excess of $300,000 for the current tax year.

      

      ("Income"
        under
        this test is defined as adjusted gross income for federal income tax purposes
        plus
        (i)
        deductions for long-term capital gains under the Internal Revenue Code; (ii)
        deductions for depletion under section 611 et seq. of the Code; (iii) any
        exclusion for interest received on tax-exempt securities; and (iv) any losses
        of
        a Company allocated to the individual limited partners of the Company as
        reported on Form 1040).

      

       (__)      
        Bank
        or Investment Company Test:

       

      Subscriber
        is a bank as defined in section 3(a)(2) of the Securities Act, or any savings
        and loan association or other institution as defined in section 3(a)(5)(A)
        of
        the Securities Act, whether acting in its individual or fiduciary capacity;
        or
        is a broker or dealer registered pursuant to section 15 of the Securities
        Exchange Act of 1934; or is an insurance company as defined in section 2(13)
        of
        the Securities Act; or is any investment company registered under the Investment
        Corporation Act of 1940, or a business development company as defined in
        section
        2(a)(48) of that Act; or is a Small Business Investment Corporation licensed
        by
        the U.S. Small Business Administration under section 301(c) or (d) of the
        Small
        Business Investment Act of 1958; is a plan established and maintained by
        a
        state, its political subdivision, or any agency or instrumentality of a state
        or
        its political subdivisions, for the benefit of its employees, if such plan
        has
        total assets in excess of $5,000,000; or is an employee benefit plan within
        the
        meaning of the employee Retirement Income Security Act of 1974, if the
        investment decision is made by a plan fiduciary, as defined in section 3(21)
        of
        such Act, which is either a bank, savings and loan association, insurance
        company, or registered investment adviser, or if the employee benefit plan
        has
        total assets in excess of $5,000,000, or, if a self-directed plan, with
        investment decisions made solely by persons that are accredited
        investors.

      

       (__) 
             Private
        Business Development Corporation Test:

      

                  Subscriber
        is a private business development company as defined in section 202(a)(22)
        of
        the Investment Advisors Act of 1940.

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

         

      

      (__)    
           IRC
        Section 501(c)(3) Organization Test:

      

      Subscriber
        is an organization described in Section 501(c)(3) of the Internal Revenue
        Code,
        corporation, Massachusetts or similar business trust, or Company, not formed
        for
        the specific purpose of acquiring the securities being offered, with total
        assets in excess of $5,000,000.

      

      (__)     
          Direct
        Relationship to Issuer Test:

      

      Subscriber
        is a director, executive officer, partner or manager of the Company of the
        securities being offered or sold, or any director, executive officer or manager
        of a partner or partner of that issuer.

      

      (__)        
        $5,000,000
        Noninvestment Trust Test:

      

       Subscriber
        is a trust with total assets in excess of $5,000,000 not formed for the specific
        purpose of acquiring the securities being offered, whose purchase is directed
        by
        a "sophisticated person" as described in section 230.506(b)(2)(ii).

      

      (__)     
        Equity
        Entity Comprised of Accredited Investors Test:

      

      Subscriber
        is any equity entity in which all of the equity owners are accredited investors
        as defined above. Subscriber has had one of the persons responsible for
        overseeing and/or managing one or more of Subscriber’s financial accounts
        complete the attestation in Section D hereof in order to verify the information
        in this Section B:

      

      Yes
        _________           No
        _________

      

       

      In
        addition, Subscriber is knowledgeable and experienced with respect to the
        financial and business activities contemplated by the Company and is capable
        of
        evaluating the risks and merits of investing in the Securities and, in making
        a
        decision to proceed with this investment, has not relied upon any
        representations, warranties or agreements, other than those set forth in
        this
        Subscription Agreement and can bear the economic risk of an investment in
        the
        Company for an indefinite period of time, and can afford to suffer the complete
        loss thereof.

       

      4. Own
        Advice.
        In
        connection with the Subscriber's investment in the Company, the Subscriber
        has
        carefully considered and has, to the extent the Subscriber believes such
        discussion necessary, discussed with the Subscriber's professional legal,
        tax
        and financial advisers (the "Investment
        Advisors")
        the
        suitability of an investment in the Securities for the Subscriber's particular
        tax and financial situation and the Subscriber has determined that the
        Securities are a suitable investment for the Subscriber.

       

      5. Risks.
        The
        Subscriber represents and warrants that the Subscriber is aware (i) that
        the Securities involve a substantial degree of risk of loss of the Subscriber's
        entire investment and that there is no assurance of any income from the
        Subscriber's investment; and (ii) that any federal and/or state income tax
        benefits which may be available to the Subscriber, if any, may be lost through
        the adoption of new laws or regulations, to changes to existing laws and
        regulations and to changes in the interpretation of existing laws and
        regulations. The Subscriber further represents that the Subscriber is relying
        solely on the Subscriber's own conclusions or the advice of the Subscriber’s
        Investment Advisors with respect to tax aspects of any investment in the
        Securities. The Subscriber further represents that it has read and reviewed
        the
        Company’s filings made with the Securities and Exchange Commission.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

         

      

      6. Inquiries.
        The
        Subscriber and its Investment Advisors have been given access to, and prior
        to
        the execution of this Subscription Agreement, have been provided with an
        opportunity to ask questions of, and receive answers from, the Company officers
        concerning the Company and the terms and conditions of the Offering and the
        Securities, and to obtain any other information which the Subscriber and
        the
        Subscriber's Investment Advisors required with respect to the Company and
        an
        investment in the Company in order to evaluate such investment and verify
        the
        accuracy of all information furnished to the Subscriber and its Investment
        Advisors regarding the Company. All such questions, if asked, were answered
        satisfactorily and all information or documents provided were found to be
        satisfactory. Neither the Subscriber nor its Investment Advisors have been
        furnished any offering literature on which they have relied on other this
        Subscription Agreement and the Subscriber and its Investment Advisors have
        relied only on this Subscription Agreement. At no time was the Subscriber
        presented with or solicited by any leaflet, public promotion meeting, newspaper
        or magazine article, radio or television advertisement or any other form
        of
        general advertising or general solicitation.

       

      7. Authority.
        The Subscriber is authorized and has full right and power to subscribe for
        the
        Securities and to perform the Subscriber's obligations pursuant to the
        provisions of this Subscription Agreement; the person signing this Subscription
        Agreement and any other instrument executed and delivered herewith on behalf
        of
        such Subscriber has been duly authorized by such entity and has full power
        and
        authority to do so. If the Subscriber is a corporation, partnership,
        unincorporated association or other entity, the person signing this agreement
        has the legal capacity to authorize, deliver and be bound by this Subscription
        Agreement and to take all actions required pursuant hereto and further certifies
        that all necessary approvals of directors, shareholders or otherwise have
        been
        given and obtained; and if the Subscriber is an individual, it is of the
        full
        age of majority in the jurisdiction in which the Subscriber is resident and
        is
        legally competent to execute, deliver and be bound by this Subscription
        Agreement and take all action pursuant hereto.

       

      8. No
        Default.
        The
        execution and delivery of this Subscription Agreement and the consummation
        of
        the transactions contemplated hereby and thereby will not conflict with,
        or
        result in any violation of or default pursuant to, any provision of any
        governing instrument applicable to the Subscriber, or any agreement or other
        instrument to which the Subscriber is a party or by which the Subscriber
        or any
        of the Subscriber's properties are bound or any permit, franchise, judgment,
        decree, statute, rule or regulation applicable to the Subscriber or any of
        the
        Subscriber's business or properties.

       

      9. ERISA.
        If the
        Subscriber is an employee benefit plan subject to ERISA, then such Subscriber
        acknowledges that such Subscriber has been informed of and understands the
        operations and business of the Company, and represents that such Subscriber's
        investment in the Company (i) is permissible under the documents and instruments
        governing such plan; (ii) satisfies the diversification requirements of ERISA;
        (iii) is prudent considering all the facts and circumstances, including the
        fact
        that there is no trading market for the Securities; and (iv) is not a
        "prohibited transaction" within the meaning of Section 406 of
        ERISA.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

         

      

      10. Purchase
        Entirely For Own Account.
        This
        Subscription Agreement is made with the Subscriber in reliance upon the
        Subscriber's representations to the Company, which by the Subscriber's execution
        of this Subscription Agreement, the Subscriber hereby confirms, that the
        Securities issuable to the Subscriber will be acquired for investment for
        the
        Subscriber's own account, not as a nominee or agent, and not with a view
        to the
        resale or distribution of any part thereof, and that the Subscriber has no
        present intention of selling, granting any participation in, or otherwise
        distributing the same. The Subscriber represents and warrants that the
        Subscriber has no contract, understanding, agreement or arrangement with
        any
        person to sell or transfer or pledge to such person or anyone else any of
        the
        Securities for which the Subscriber hereby subscribes (in whole or in part)
        or
        any interest therein; and the Subscriber represents and warrants that the
        Subscriber has no present plans to enter into any such contract, undertaking,
        agreement or arrangement.

       

      The
        Subscriber represents and warrants that the funds representing the Subscription
        Price which will be advanced by the Subscriber hereunder will not represent
        proceeds of crime and the Subscriber acknowledges that the Company may in
        the
        future be required by law to disclose the Subscriber's name and other
        information relating to this Subscription Agreement and the Subscriber's
        subscription hereunder, on a confidential basis, and to the best of the
        Subscriber's knowledge (i) none of the subscription funds to be provided
        by the
        Subscriber (a) have been or will be derived from or related to any activity
        that
        is deemed criminal under the laws of the United States of America, or any
        other
        jurisdiction, or (b) are being tendered on behalf of a person or entity who
        has
        not been identified to the Subscriber, and (ii) it shall promptly notify
        the
        Company if the Subscriber discovers that any of such representations ceases
        to
        be true, and to provide the Company with appropriate information in connection
        therewith.

      

      The
        Subscriber represents and warrants that the current structure of this
        transaction and all transactions and activities contemplated hereunder is
        not a
        plan or scheme to evade the registration provisions of the Securities
        Act.

      

      The
        Subscriber acknowledges that:

       

      
        	
              	(i)	
                no
                  securities commission or similar regulatory authority has reviewed
                  or
                  passed on the merits of the Securities;
                  and

              

      

      

      
        	
              	(ii)	
                there
                  is no government or other insurance covering the Securities;
                  and

              

      

      

      
        	
              	(iii)	
                there
                  are risks associated with the purchase of the Securities;
                  and

              

      

      

      
        	
              	(iv)	
                there
                  are restrictions on the Subscriber's ability to resell the Securities
                  and
                  it is the responsibility of the Subscriber to find out what those
                  restrictions are and to comply with them before selling the Securities;
                  and

              

      

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

         

      

      
        	
              	(v)	
                the
                  Company has advised the Subscriber that the Company is relying
                  on an
                  exemption from the requirements to provide the Subscriber with
                  a
                  prospectus and to sell securities through a person or company registered
                  to sell securities under applicable securities laws and, as a consequence
                  of acquiring the Securities pursuant to this exemption, certain
                  protections, rights and remedies provided by applicable securities
                  laws,
                  including statutory rights of rescission or damages, will not be
                  available
                  to the Subscriber.

              

      

      

      The
        Subscriber represents and warrants that neither the Company, nor any of their
        respective directors, officers, employees or representatives, have made any
        representations (oral or written) to the Subscriber regarding the future
        value
        of the Securities.

      

      The
        Subscriber acknowledges that (i) the Company may complete secured or unsecured
        debt financings or equity financings in the future in order to develop the
        Company's business and to fund its ongoing development, (ii) there is no
        assurance that such financings will be available and, if available, on
        reasonable terms, (iii) any such future financings may have a dilutive effect
        on
        current security holders, including the Subscriber, and (iv) if such future
        financings are not available, the Company may be unable to fund its ongoing
        development and the lack of capital resources may result in the failure of
        its
        business.

      

      The
        Subscriber will not, directly or indirectly, except in compliance with (that
        is,
        only to the extent required to comply with) the Securities Act and such other
        securities or “Blue Sky” laws as may be applicable, (i) offer, sell, pledge,
        transfer or otherwise dispose of (or solicit any offers to buy, purchase
        or
        otherwise acquire or take a pledge of) any of the Securities, (ii) engage
        in any
        short sale which results in a disposition of any of the Securities by
        Subscriber, or (iii) hedge the economic risk of the Subscriber’s investment in
        the Securities.

      

      

      
        	C.	
                Representations
                  and Warranties of the Company

              

      

       

      1. Corporate
        Organization; Authority; Due Authorization.

       

      (a) The
        Company (i) is a corporation duly organized, validly existing and in good
        standing under the laws of the jurisdiction of the State of Delaware, (ii)
        has
        the corporate power and authority to own or lease its properties as and in
        the
        places where its business is now conducted and to carry on its business as
        now
        conducted, and (iii) is duly qualified as a foreign corporation authorized
        to do
        business in every jurisdiction where the failure to so qualify, individually
        or
        in the aggregate, would have a material adverse effect on the operations,
        assets, liabilities, financial condition or business of the Company taken
        as a
        whole (a “Material
        Adverse Effect”).
        

       

      (b) The
        Company (i) has the requisite corporate power and authority to execute, deliver
        and perform this Subscription Agreement, the Note and the Warrant (collectively,
        the “Transaction
        Documents”)
        to
        which it is a party and to incur the obligations herein and therein and (ii)
        has
        been authorized by all necessary corporate action to execute, deliver and
        perform the Transaction Documents and to consummate the transactions
        contemplated hereby and thereby (the “Contemplated
        Transactions”).
        The
        Transaction Documents will be on each Closing Date valid and binding obligations
        of the Company enforceable in accordance with their terms except as limited
        by
        applicable bankruptcy, reorganization, insolvency, moratorium or similar
        laws
        affecting the enforcement of creditors’ rights and the availability of equitable
        remedies (regardless of whether such enforceability is considered in a
        proceeding at law or equity).

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      2. Capitalization.
        The
        authorized capital stock of the Company consists of one hundred and fifty
        million (150,000,000) shares of common stock, $.01 par value, of which
        approximately thirty-one million nine hundred six thousand six hundred nineteen
        (31,906,619) shares of common stock are outstanding. All outstanding shares
        of
        capital stock of the Company were issued in compliance with all applicable
        Federal and state securities laws, and the issuance of such shares was duly
        authorized by all necessary corporate action on the part of the Company.
        Except
        as contemplated by this Subscription Agreement or as set forth in the SEC
        Documents (hereinafter defined), there are (A) no outstanding subscriptions,
        warrants, options, conversion privileges or other rights or agreements
        obligating the Company to purchase or otherwise acquire or issue any shares
        of
        capital stock of the Company (or shares reserved for such purpose), (B) no
        preemptive rights contained in the Company’s Certificate of Incorporation, as
        amended (the “Certificate
        of Incorporation”),
        the
        By-laws of the Company or contracts to which the Company is a party or rights
        of
        first refusal with respect to the issuance of additional shares of capital
        stock
        of the Company, including without limitation the Securities and (C) no
        commitments or understandings (oral or written) of the Company to issue any
        shares, warrants, options or other rights to acquire any equity securities
        of
        the Company other than with respect to existing antidilution rights of existing
        investors. To the Company’s knowledge, except as set forth in the SEC Documents,
        none of the shares of common stock are subject to any stockholders’ agreement,
        voting trust agreement or similar arrangement or understanding. Except as
        set
        forth in the SEC Documents, the Company has no outstanding bonds, debentures,
        notes or other obligations the holders of which have the right to vote (or
        which
        are convertible into or exercisable for securities having the right to vote)
        with the stockholders of the Company on any matter.

       

      3. Validity
        of Securities.
        The
        issuance of the Securities has been duly authorized by all necessary corporate
        action on the part of the Company and, when issued to, delivered to, and
        paid
        for by the Subscribers in accordance with this Subscription Agreement, the
        Securities will be validly issued, fully paid and non-assessable. 

       

      4. Underlying
        Securities.
        The
        issuance of the Warrant Shares has been duly authorized, and the Warrant
        Shares,
        prior to exercise of the Warrants, will have been duly reserved for issuance
        upon such exercise and, when so issued, will be validly issued, fully paid
        and
        non assessable. 

       

      5. Private
        Offering.
        The
        Company agrees that neither the Company nor anyone authorized to act on its
        behalf will offer the Securities or any part thereof or any similar securities
        for issuance or sale to, or solicit any offer to acquire any of the same
        from,
        anyone so as to make the issuance and sale of the Securities subject to the
        registration requirements of Section 5 of the Securities Act. 

       

      6. No
        Conflict; Required Filings and Consents.
        The
        Company's execution, delivery and performance of this Agreement and all other
        agreements contemplated hereby and thereby and the consummation of the
        transactions contemplated hereby and thereby will not with or without the
        giving
        of notice or the lapse of time or both (A) violate any provision of law,
        statute, rule or regulation to which the Company is subject, (B) violate
        any
        order, judgment or decree applicable to it, or (C) conflict with or result
        in a
        breach or default under any term or condition of its applicable governing
        instruments or any agreement or other instrument to which it is a party or
        by
        which it is bound.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

         

      

      7. Compliance.
        Except
        as set forth in the SEC Documents, the Company is not in conflict with, or
        in
        default or violation of (i) any law, rule, regulation, order, judgment or
        decree
        applicable to the Company or by which any property or asset of the Company
        is
        bound or affected (“Legal
        Requirement”),
        or
        (ii) any Material Agreement, in each case except for any such conflicts,
        defaults or violations that would not, individually or in the aggregate,
        have a
        Material Adverse Effect. The Company has not received any written notice
        or
        other communication from any Governmental Body regarding any actual or possible
        violation of, or failure to comply with, any Legal Requirement, except any
        such
        violations or failures that would not, individually or in the aggregate,
        have a
        Material Adverse Effect. 

       

      8. SEC
        Documents; Financial Statements.

       

      (a) The
        information contained in the following documents, did not, as of the date
        of the
        applicable document, include any untrue statement of a material fact or omit
        to
        state any material fact required to be stated therein or necessary to make
        the
        statements therein, in the light of the circumstances in which they were
        made,
        not misleading, as of their respective filing dates or, if amended, as so
        amended (the following documents, collectively, the “SEC
        Documents”),
        provided that the representation in this sentence shall not apply to any
        misstatement or omission in any SEC Document filed prior to the date of this
        Subscription Agreement which was superseded by a subsequent SEC Document
        filed
        prior to the date of this Subscription Agreement:

       

      (i) the
        Company’s Quarterly Reports on Form 10-QSB for the quarters ended March 31,
        2007, June 30, 2007 and September 30, 2007; and

       

      (ii) the
        Company’s interim filings on Form 8-K or other appropriate forms filed on any
        date after December 31, 2007 and on or before each Closing.

       

      (b) In
        addition, as of the date of this Subscription Agreement, when read together
        with
        the SEC Documents and the information, qualifications and exceptions contained
        in this Subscription Agreement, do not include any untrue statement of a
        material fact or omit to state a material fact in light of the circumstances
        in
        which such written disclosures were made.

       

      (c) The
        Company has filed all forms, reports and documents required to be filed by
        it
        with the SEC for the 12 months preceding the date of this Subscription
        Agreement, including without limitation the SEC Documents. As of their
        respective dates, the SEC Documents filed prior to the date hereof complied
        as
        to form in all material respects with the applicable requirements of the
        Securities Act, the Exchange Act, and the rules and regulations
        thereunder.

       

      (d) The
        Company’s Annual Report on Form 10-KSB for the year ended December 31, 2007,
        includes consolidated balance sheets as of December 31, 2006 and 2007 and
        consolidated statements of income for the one year periods then ended
        (collectively, the “Form
        10-KSB Financial Statements”).

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

         

      

      (e) The
        Company’s Quarterly Report on Form 10-QSB for the quarter ended September 30,
        2007, includes consolidated balance sheets as of September 30, 2007 and
        consolidated statements of income for the quarters ended June 30, 2006 and
        2007
        (the “Form
        10-QSB Financial Statements”
and
        together with the Form 10-KSB Financial Statements, the “Financial
        Statements”).

       

      (f) The
        Financial Statements (including the related notes and schedules thereto)
        fairly
        present in all material respects the consolidated financial position, the
        results of operations, retained earnings or cash flows, as the case may be,
        of
        the Company for the periods set forth therein (subject, in the case of unaudited
        statements, to normal year-end audit adjustments that would not be material
        in
        amount or effect), in each case in accordance with generally accepted accounting
        principles consistently applied during the periods involved, except as may
        be
        noted therein. 

       

      9.
        Use
        of
        Proceeds.
        The net
        proceeds received by the Company from the sale of the Securities shall be
        used
        by the Company for working capital and general corporate purposes.

       

      10. Subsidiaries.
        The
        Company has no
        subsidiaries.

       

      

      D.    Legend.
        The
        certificate representing the Securities issued by the Company shall bear
        the
        following (or similar) legends:

       

      THE
        SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER
        THE
        SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR THE SECURITIES
        LAWS OF ANY STATE AND ARE BEING OFFERED AND SOLD IN RELIANCE ON EXEMPTIONS
        FROM
        THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND SUCH LAWS. THESE
        SECURITIES MAY NOT BE SOLD, TRANSFERRED OR ASSIGNED UNLESS PURSUANT TO AN
        EFFECTIVE REGISTRATION STATEMENT OR EXEMPTION THEREFROM.

       

      E.    Indemnification.
        The
        Subscriber agrees to indemnify and hold harmless the Company and its officers,
        managers, members, employees, agents and affiliates against any and all loss,
        liability, claim, damage and expense whatsoever (including without limitation
        any and all expenses reasonably incurred in investigating, preparing or
        defending against any litigation commenced or threatened or any claim
        whatsoever) arising out of or based upon any false representation or warranty
        or
        breach or failure by the Subscriber to comply with any covenant agreement
        made
        by the Subscriber herein. The Company agrees to indemnify and hold harmless
        the
        Subscriber and its officers, managers, members, employees, agents and affiliates
        against any and all loss, liability, claim, damage and expense whatsoever
        (including without limitation any and all expenses reasonably incurred in
        investigating, preparing or defending against any litigation commenced or
        threatened or any claim whatsoever) arising out of or based upon any false
        representation or warranty or breach or failure to comply with any covenant
        agreement made by the Company herein.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

         

      

      F.    Modification.
        Neither
        this Subscription Agreement nor any provision hereof shall be waived, modified,
        discharged or terminated except by an instrument in writing signed by the
        party
        against whom any such waiver, modification, discharge or termination is
        sought.

       

      G.    Assignability.
        This
        Subscription Agreement and the rights and obligations hereunder are not
        transferable or assignable by the Subscriber.

       

      H.    Governing
        Law.
        This
        Subscription Agreement shall be governed by and construed in accordance with
        the
        laws of the State of New Mexico without regard to principles of conflicts
        of
        law. 

       

      I.     Survival
        of Representations and Warranties.
        All
        representations and warranties made by the Subscriber in this Subscription
        Agreement shall survive the execution and delivery of this Subscription
        Agreement, as well as any investigation at any time made by or on behalf
        of the
        Company and the issue and sale of the Securities.

       

      J.     Reliance.
        The
        Subscriber understands and acknowledges that the Subscriber's representations,
        warranties, acknowledgements and agreements in this Subscription Agreement
        will
        be relied upon by the Company in determining the Subscriber's suitability
        as a
        purchaser of the Securities.

       

      K.    Further
        Assurances.
        The
        Subscriber agrees to provide, if requested, any additional information that
        may
        be requested or required to determine the Subscriber's eligibility to purchase
        the Securities.

       

      L.    Entire
        Agreement.
        This
        Subscription Agreement constitutes the full and entire understanding and
        agreement between the parties with regard to the subject matter hereof and
        no
        party shall be liable or bound to any other in any manner by any
        representations, warranties, covenants and agreements except as specifically
        set
        forth herein and therein.

       

      M.    Severability.
        In the
        event one or more of the provisions of this Subscription Agreement should,
        for
        any reason, be held to be invalid, illegal or unenforceable in any respect,
        such
        invalidity, illegality, or unenforceability shall not affect any other
        provisions of this Subscription Agreement, and this Subscription Agreement
        shall
        be construed as if such invalid, illegal or unenforceable provision had never
        been contained herein.

       

      N.    Notices.
        Any
        notice or other communication required or permitted to be given hereunder
        (each
        a “Notice”)
        shall
        be given in writing and shall be made by personal delivery or sent by courier
        or
        certified or registered first-class mail (postage prepaid), addressed to
        a party
        at its address shown below or at such other address as such party may designate
        by three days’ advance Notice to the other parties. 

       

      Any
        Notice to any of the Subscribers shall be sent to the addresses for such
        Subscriber set forth on the signature pages hereof.

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

         

      

      Any
        Notice to the Company shall be sent to:

      

      Novint
        Technologies, Inc.

      4601
        Paradise Blvd NW

      Albuquerque,
        NM 87114

      Attention:
        CEO

      

      with
        a
        copy to: 

      

      Richardson
        & Patel LLP 

      10900
        Wilshire Blvd., Suite 500 

      Los
        Angeles, CA. 90024 

      Fax:
        310.208.1154 

      Attention:
        Jennifer A. Post, Esq.

      

      Each
        Notice shall be deemed given and effective upon receipt (or refusal of receipt).
        

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      IN
        WITNESS WHEREOF, the undersigned has executed this Subscription Agreement
        as of
        the date set forth on this signature page.

       

      

       

      Subscription
        Price: $________________________

       

      Amount
        of
        Note:     $________________________

       

      Number
        of
        Shares underlying Warrant:  
        _________________________

       

       

      

      ___________________________  _________________________________

      Print
        Name of Individual, Company, 

      Limited
             Print
        Name of Authorized Representative

      Liability
        Company, Corporation 

      or
        Trust

      

      By:____________________________ ____________________________ 

       

      Signature
        of Authorized Representative Capacity
        of Authorized Representative

       

      Date: _____________

      Address:
        _______________________

      

       

      Social
        Security Number of U.S. Tax Identification No:
        ___________________________

       

      
        	
                SUBSCRIPTION
                  ACCEPTED:

                NOVINT
                  TECHNOLOGIES, INC., a Delaware corporation

                By:___________________________

                Name:
                  

                Title:
                  

              	
                 

                 

                 

                 

                Date:
                  ____________, 2008

              

      

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      EXHIBIT
        A

       

      FORM
        OF
7% UNSECURED PROMISSORY NOTES

      

      

      

      

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      EXHIBIT
        B

      

      FORM
        OF
        WARRANT

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