Document:

MIT
      HOLDING INC. 

    Warrant
      No. 

     

    WARRANT
      TO PURCHASE COMMON STOCK

     

    VOID
      AFTER 5:00 P.M., EASTERN TIME, 

    ON
      THE
      EXPIRATION DATE

     

    THIS
      WARRANT AND ANY SHARES ACQUIRED UPON THE EXERCISE OF THIS WARRANT HAVE NOT
      BEEN
      REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), AND MAY NOT
      BE SOLD, PLEDGED, HYPOTHECATED, DONATED OR OTHERWISE TRANSFERRED WITHOUT
      COMPLIANCE WITH THE REGISTRATION OR QUALIFICATION PROVISIONS OF APPLICABLE
      FEDERAL AND STATE SECURITIES LAWS OR WITHOUT DELIVERING AN OPINION OF COUNSEL
      SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.

     

    FOR
      VALUE
      RECEIVED, MIT
      HOLDING INC. , a
      Delaware corporation (the “Company”),
      hereby agrees to sell upon the terms and on the conditions hereinafter set
      forth, at any time commencing on the date hereof but no later than 5:00 p.m.,
      Eastern Time, on the “Expiration
      Date”
(as
      hereinafter defined), to______________,
      or his,
      her or its registered assigns (the “Holder”),
      under
      the terms as hereinafter set forth _____
      (_____)
      fully
      paid and non-assessable shares of the Company’s Common Stock, par value $.001
      per share (the
      “Common
      Stock”),
      at a
      purchase price per share of $.75 (the “Warrant
      Price”),
      pursuant to the terms and conditions set forth in this warrant (this
“Warrant”).
      The
      number of shares of Common Stock issued upon exercise of this Warrant
      (“Warrant
      Shares”)
      and
      the Warrant Price are subject to adjustment in certain events as hereinafter
      set
      forth. 

     

    This
      Warrant is one of a series of the Company’s Warrants to purchase Common Stock
      issued to the placement agent in connection with the offering documented in
      the
      Company’s Confidential Private Placement Memorandum, dated March 2007, as the
      same may be supplemented from time to time (the “Memorandum”).

     

    For
      purposes of this Warrant, the Expiration Date shall mean (i) the fifth
      anniversary of the effective date of the Registration
      Statement
      (as
      hereinafter defined) or (ii) in the event that the Merger (as defined in the
      Memorandum) does not occur, then the fifth anniversary of the date of issuance
      of this Warrant.

     

    1.    Exercise
      of Warrant.

     

    (a)
       The
      Holder may exercise this Warrant according to the terms and conditions set
      forth
      herein by delivering to the Company, at the address set forth in Section 10
      prior to 5:00 p.m., Eastern Time, on the Expiration Date (i) this Warrant,
      (ii)
      the Subscription Form attached hereto as Exhibit
      A
      (the
“Subscription
      Form”)
      (having then been duly executed by the Holder), (iii) cash, a certified check
      or
      a bank draft in payment of the purchase price, in lawful money of the United
      States of America, for the number of Warrant Shares specified in the
      Subscription Form.

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    (b)
       This
      Warrant may be exercised in whole or in part so long as any exercise in part
      hereof would not involve the issuance of fractional Warrant Shares. If exercised
      in part, the Company shall deliver to the Holder a new Warrant, identical in
      form to this Warrant, in the name of the Holder, evidencing the right to
      purchase the number of Warrant Shares as to which this Warrant has not been
      exercised, which new Warrant shall be signed by the Chief Executive Officer
      or
      President of the Company. The term Warrant as used herein shall include any
      subsequent Warrant issued as provided herein. 

     

    (c)
       No
      fractional Warrant Shares or scrip representing fractional Warrant Shares shall
      be issued upon the exercise of this Warrant. The Company shall pay cash in
      lieu
      of such fractional Warrant Shares. The price of a fractional Warrant Share
      shall
      equal the product of (i) the closing price of the Common Stock on the exchange
      or market on which the Common Stock is then traded (if the Common Stock is
      not
      then publicly traded, then upon the fair market value per share of the Common
      Stock (as determined by the Company’s Board of Directors)), and (ii) the
      applicable fraction.

     

    (d) If
      commencing on the date that is 180 calendar days following the consummation
      of the merger of the Company with a public company or the subsidiary of such
      company,
      an
      effective Registration Statement is not available for the resale of all of
      the
      Warrant Shares issuable hereunder at the time Holder’s Subscription Form of
      Holder’s intent to convert this Warrant into Warrant Shares is delivered to the
      Company (either due to the inability of the Company to have the Securities
      Exchange Commission declare such Registration Statement effective on or prior
      to
      such date or to maintain the effectiveness of such Registration Statement for
      the duration of the period prescribed in the Registration Statement), the Holder
      may pay the Warrant Price through a cashless exercise (a “Cashless
      Exercise"),
      as
      hereinafter provided. The Holder may effect a Cashless Exercise by surrendering
      this Warrant to the Company and noting on the Subscription Form that the Holder
      wishes to effect a Cashless Exercise, upon which the Company shall issue to
      the
      Holder the number of Warrant Shares determined as follows: 

    

    X
      = Y x
      (A-B)/A

    

    where:

    

    X
      = the
      number of Warrant Shares to be issued to the Holder; 

     

    Y
      = the
      number of Warrant Shares with respect to which this Warrant is being exercised;
      

     

    A
      = the
      Market Price (“Market
      Price”
shall
      mean the volume weighted average price of the Company’s Common Stock (as
      reported Bloomberg, LP) for the thirty (30) Trading Days immediately preceding
      the most recent Trading Day); and 

    

    B
      = the
      Warrant Price. 

     

    For
      purposes of Rule 144, it is intended and acknowledged that the Warrant Shares
      issued in a Cashless Exercise transaction shall be deemed to have been acquired
      by the Holder, and the holding period for the Warrant Shares required by Rule
      144 shall be deemed to have been commenced, on the date this Warrant was
      originally issued by the Company.

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    (e)
       In
      the
      event of any exercise of the rights represented by this Warrant, a certificate
      or certificates for Warrant Shares so purchased, registered in the name of
      the
      Holder on the stock transfer books of the Company, shall be delivered to the
      Holder within a reasonable time after such rights shall have been so exercised.
      The person or entity in whose name any certificate for Warrant Shares is issued
      upon exercise of the rights represented by this Warrant shall for all purposes
      be deemed to have become the holder of record of such Warrant Shares immediately
      prior to the close of business on the date on which the Warrant was surrendered
      and payment of the Warrant Price and any applicable taxes was made, irrespective
      of the date of delivery of such certificate, except that, if the date of such
      surrender and payment is a date when the stock transfer books of the Company
      are
      closed, such person shall be deemed to have become the holder of such shares
      at
      the opening of business on the next succeeding date on which the Company’s stock
      transfer books are open. Except as provided in Section 4 hereof, the Company
      shall pay any and all documentary stamp or similar issue or transfer taxes
      payable in respect of the issue or delivery of Warrant Shares on exercise of
      this Warrant.

     

    (f) In
      no
      event shall a Holder be permitted to exercise this Warrant, or part hereof,
      if,
      upon such exercise, the number of shares of Common Stock beneficially owned
      by
      the Holder (other than shares which would otherwise be deemed beneficially
      owned
      except for being subject to a limitation on conversion or exercise analogous
      to
      the limitation contained in this Section 1), would exceed 4.99% of the number
      of
      shares of Common Stock then issued and outstanding. As used herein, beneficial
      ownership shall be determined in accordance with Section 13(d) of the Securities
      Exchange Act of 1934, as amended, and the rules thereunder. To the extent that
      the limitation contained in this Section 1 applies, the submission of an
      Subscription Form by the Holder shall be deemed to be the Holder's
      representation that this Warrant is exercisable pursuant to the terms hereof
      and
      the Company shall be entitled to rely on such representation without making
      any
      further inquiry as to whether this Section
      1
      applies. Nothing contained herein shall be deemed to restrict the right of
      a
      Holder to exercise this Warrant, or part thereof, at such time as such exercise
      will not violate the provisions of this Section 1. The limitations contained
      in
      this Section 1 shall cease to apply (x) upon sixty (60) days' prior written
      notice from the Holder to the Company, or (y) immediately upon written notice
      from the Holder to the Company at any time after the public announcement or
      other disclosure of the (i) sale, conveyance or disposition of all or
      substantially all of the assets of the Company; (ii) effectuation of a
      transaction or series of transactions in which more than 50% of the voting
      power
      of the Company is disposed of (other than as a direct result of normal,
      uncoordinated trading activities in the Common Stock generally); (iii) the
      consolidation, merger or other business combination of the Company with or
      into
      any other entity, immediately following which the prior stockholders of the
      Company fail to own, directly or indirectly, at least 50% of the voting equity
      of the surviving entity; or (d) a transaction or series of transactions in
      which
      any person or entity Person or “group” (as such term is used in Sections. 13(d)
      and 14(d) of the Securities Exchange Act of 1934, as amended) acquires more
      than
      50% of the voting equity of the Company. 

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    2.    Disposition
      of Warrant Shares and Warrant.

     

    (a)
       The
      Holder hereby acknowledges that: (i) this Warrant and any Warrant Shares
      purchased pursuant hereto are not being registered (A) under the Securities
      Act
      of 1933 (the “Act”)
      on the
      ground that the issuance of this Warrant is exempt from registration under
      Section 4(2) of the Act as not involving any public offering, or (B) under
      any
      applicable state securities law because the issuance of this Warrant does not
      involve any public offering; and (ii) that the Company’s reliance on the
      registration exemption under Section 4(2) of the Act and under applicable state
      securities laws is predicated in part on the representations hereby made to
      the
      Company by the Holder. The Holder represents and warrants that he, she or it
      is
      acquiring this Warrant and will acquire Warrant Shares for investment for his,
      her or its own account, with no present intention of dividing his, her or its
      participation with others or reselling or otherwise distributing this Warrant
      or
      Warrant Shares.

     

    (b)
       The
      Holder hereby agrees that he, she or it will not sell, transfer, pledge or
      otherwise dispose of (collectively, “Transfer”)
      all or
      any part of this Warrant and/or Warrant Shares unless and until he, she or
      it
      shall have first have given notice to the Company describing such Transfer
      and
      furnished to the Company (i) a statement from the transferee, whereby the
      transferee represents and warrants that he, she, or it is acquiring this Warrant
      and will acquire Warrant Shares, as applicable, for investment for his, her
      or
      its own account, with no present intention of dividing his, her or its
      participation with others or reselling or otherwise distributing this Warrant
      or
      Warrant Shares, as applicable, and either (ii) an opinion, reasonably
      satisfactory to counsel for the Company, of counsel (skilled in securities
      matters, selected by the Holder and reasonably satisfactory to the Company)
      to
      the effect that the proposed Transfer may be made without registration under
      the
      Act and without registration or qualification under any state law, or (iii)
      an
      interpretative letter from the U.S. Securities and Exchange Commission to the
      effect that no enforcement action will be recommended if the proposed sale
      or
      transfer is made without registration under the Act. 

     

    (c)
       If,
      at
      the time of issuance of Warrant Shares, no registration statement is in effect
      with respect to such shares under applicable provisions of the Act, the Company
      may, at its election, require that (i) the Holder provide written reconfirmation
      of the Holder’s investment intent to the Company, and (ii) any stock certificate
      evidencing Warrant Shares shall bear legends reading substantially as
      follows:

     

    “THE
      SALE, TRANSFER, PLEDGE OR OTHER DISPOSITION OF THE SHARES REPRESENTED BY THIS
      CERTIFICATE IS SUBJECT TO CERTAIN RESTRICTIONS SET FORTH IN THE WARRANT PURSUANT
      TO WHICH THESE SHARES WERE PURCHASED FROM THE COMPANY. COPIES OF SUCH
      RESTRICTIONS ARE ON FILE AT THE PRINCIPAL OFFICES OF THE COMPANY. NO TRANSFER
      OF
      SUCH SHARES OR OF THIS CERTIFICATE (OR OF ANY SHARES OR OTHER SECURITIES (OR
      CERTIFICATES THEREFOR) ISSUED IN EXCHANGE FOR OR IN RESPECT OF SUCH SHARES)
      SHALL BE EFFECTIVE UNLESS AND UNTIL THE TERMS AND CONDITIONS SET FORTH IN THE
      WARRANT HAVE BEEN COMPLIED WITH.”

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    “THE
      SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
      SECURITIES ACT OF 1933, AND MAY NOT BE SOLD, TRANSFERRED, PLEDGED OR OTHERWISE
      DISPOSED OF IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THE
      SECURITIES ACT OF 1933 (THE “ACT”) OR AN OPINION OF COUNSEL SATISFACTORY TO THE
      ISSUER OF THIS CERTIFICATE THAT REGISTRATION IS NOT REQUIRED UNDER THE
      ACT.”

     

    In
      addition, so long as the foregoing legend may remain on any stock certificate
      evidencing Warrant Shares, the Company may maintain appropriate “stop transfer”
orders with respect to such certificates and the shares represented thereby
      on
      its books and records and with those to whom it may delegate registrar and
      transfer functions.

     

    3.    Reservation
      of Shares.
      The
      Company hereby agrees that at all times there shall be reserved for issuance
      upon the exercise of this Warrant such number of shares of the Common Stock
      as
      shall be required for issuance upon exercise of this Warrant. The Company
      further agrees that all Warrant Shares will be duly authorized and will, upon
      issuance and payment of the exercise price therefor, be validly issued, fully
      paid and non-assessable, free from all taxes, liens, charges and encumbrances
      with respect to the issuance thereof, other than taxes, if any, in respect
      of
      any transfer occurring contemporaneously with such issuance and other than
      transfer restrictions imposed by federal and state securities laws.

     

    4.    Exchange,
      Transfer or Assignment of Warrant.
      Subject
      to Section 2, this Warrant is exchangeable, without expense, at the option
      of
      the Holder, upon presentation and surrender hereof to the Company or at the
      office of its stock transfer agent, if any, for other Warrants of the Company
      (“Warrants”)
      of
      different denominations, entitling the Holder or Holders thereof to purchase
      in
      the aggregate the same number of Warrant Shares purchasable hereunder. Subject
      to Section 2, upon surrender of this Warrant to the Company or at the office
      of
      its stock transfer agent, if any, with the Assignment Form attached hereto
      as
Exhibit
      B (the
      “Assignment
      Form”)
      duly
      executed and funds sufficient to pay any transfer tax, the Company shall,
      without charge, execute and deliver a new Warrant in the name of the assignee
      named in the Assignment Form and this Warrant shall promptly be canceled.
      Subject to Section 2, this Warrant may be divided or combined with other
      Warrants that carry the same rights upon presentation hereof at the office
      of
      the Company or at the office of its stock transfer agent, if any, together
      with
      a written notice specifying the names and denominations in which new Warrants
      are to be issued and signed by the Holder hereof.

     

    5.    Capital
      Adjustments.
      This
      Warrant is subject to the following further provisions:

     

    (a) Recapitalization,
      Reclassification and Succession.
      If any
      recapitalization of the Company or reclassification of its Common Stock or
      any
      merger or consolidation of the Company into or with a corporation or other
      business entity, or the sale or transfer of all or substantially all of the
      Company’s assets or of any successor corporation’s assets to any other
      corporation or business entity (any such corporation or other business entity
      being included within the meaning of the term “successor corporation”) shall be
      effected, at any time while this Warrant remains outstanding and unexpired,
      then, as a condition of such recapitalization, reclassification, merger,
      consolidation, sale or transfer, lawful and adequate provision shall be made
      whereby the Holder of this Warrant thereafter shall have the right to receive
      upon the exercise hereof as provided in Section 1 and in lieu of the Warrant
      Shares immediately theretofore issuable upon the exercise of this Warrant,
      such
      shares of capital stock, securities or other property as may be issued or
      payable with respect to or in exchange for the number of outstanding shares
      of
      Common Stock equal to the number of Warrant Shares immediately theretofore
      issuable upon the exercise of this Warrant had such recapitalization,
      reclassification, merger, consolidation, sale or transfer not taken place,
      and
      in each such case, the terms of this Warrant shall be applicable to the shares
      of stock or other securities or property receivable upon the exercise of this
      Warrant after such consummation.

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    (b) Subdivision
      or Combination of Shares.
      If the
      Company at any time while this Warrant remains outstanding and unexpired shall
      subdivide or combine its Common Stock, the number of Warrant Shares purchasable
      upon exercise of this Warrant shall be proportionately adjusted.

     

    (c) Stock
      Dividends and Distributions.
      If the
      Company at any time while this Warrant is outstanding and unexpired shall issue
      or pay the holders of its Common Stock, or take a record of the holders of
      its
      Common Stock for the purpose of entitling them to receive, a dividend payable
      in, or other distribution of, Common Stock, then the number of Warrant Shares
      purchasable upon exercise of this Warrant shall be adjusted to the number of
      shares of Common Stock that Holder would have owned immediately following such
      action had this Warrant been exercised immediately prior thereto.

     

    (d) Exercise
      Price Adjustment.
      (i) If,
      prior to exercise of this Warrant, the Company has issued, or shall be deemed
      to
      have issued, Additional Shares of Common Stock (as defined below) for a
      consideration per share of less than the then applicable Adjustment Trigger
      Price (as defined below) or with a per share conversion, exercise or exchange
      price of less than the then applicable Adjustment Trigger Price (each, a
“Triggering
      Issuance”
and
      such lesser consideration or per share conversion, exercise or exchange price,
      the “Triggering
      Issuance Price”),
      then
      the Warrant Price will be adjusted to equal the Triggering Issuance Price
      multiplied by 1.5 (the “Adjusted
      Warrant Price”).
      Thereafter, unless and until further adjusted pursuant to this Section 5(d)
      or
      Section 5(e) hereof, the Warrant Price shall equal the Adjusted Warrant Price
      and the Adjustment Trigger Price shall equal the Triggering Issuance Price.
      The
“Adjustment Trigger Price” shall be $.50 on the date hereof and be subject to
      adjustment as set forth in this Section 5(d) and Section 5(e).

     

    (ii) As
      used
      herein, “Additional
      Shares”
shall
      mean all shares of Common Stock, or any stock options, warrants, convertible
      securities or other rights to purchase or acquire shares of Common Stock
      (“Common
      Stock Equivalents”),
      issued or deemed to be issued by the Company after the date hereof; provided,
      however, that issuances or deemed issuances described in subsections (a), (b)
      or
      (c) of this Section 5 shall not be deemed issuances of Additional Shares of
      Common Stock.

     

    (e) Price
      Adjustments.
      Whenever the number of Warrant Shares purchasable upon exercise of this Warrant
      is adjusted pursuant to Sections 5(a), 5(b) or 5(c), the then applicable Warrant
      Price and then applicable Adjustment Trigger Price shall be proportionately
      adjusted.

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    (f) Certain
      Shares Excluded.
      The
      number of shares of Common Stock outstanding at any given time for purposes
      of
      the adjustments set forth in this Section 5 shall exclude any shares then
      directly or indirectly held in the treasury of the Company.

     

    (g) Deferral
      and Cumulation of De Minimis Adjustments.
      The
      Company shall not be required to make any adjustment pursuant to this Section
      5
      if the amount of such adjustment would be less than one percent (1%) of the
      Warrant Price in effect immediately before the event that would otherwise have
      given rise to such adjustment. In such case, however, any adjustment that would
      otherwise have been required to be made shall be made at the time of and
      together with the next subsequent adjustment which, together with any adjustment
      or adjustments so carried forward, shall amount to not less than one percent
      (1%) of the Warrant Price in effect immediately before the event giving rise
      to
      such next subsequent adjustment. All calculations under this Section 5 shall
      be
      made to the nearest cent or to the nearest one-hundredth of a share, as the
      case
      may be, but in no event shall the Company be obligated to issue fractional
      Warrant Shares or fractional portions of any securities upon the exercise of
      the
      Warrant.

     

    (h) Duration
      of Adjustment.
      Following each computation or readjustment as provided in this Section 5, the
      new adjusted Warrant Price and number of Warrant Shares purchasable upon
      exercise of this Warrant shall remain in effect until a further computation
      or
      readjustment thereof is required.

     

    6.    Redemption. 

     

    (a) Optional
      Redemption. Provided
      that the Registration Statement is then effective, the Company may redeem this
      Warrant for the Redemption Price at any time after (i) the average Closing
      Bid
      Price of the Company’s Common Stock exceeds $1.50 per share for a period of 30
      Trading Days ending within 15 days of the Notice Date, (ii) the average trading
      volume is a minimum of 50,000 shares per day during such 30 day period and
      (iii)
      the Warrant Shares are subject to an effective Registration Statement on the
      Redemption Date.

     

    (b) Redemption
      Procedures. Not
      less
      than 30 days before any Redemption Date, written notice shall be given to the
      Holder of this Warrant specifying the number of Warrant Shares underlying this
      Warrant to be redeemed, the paragraph of this Section 6 pursuant to which such
      redemption shall be made and the place and date of such redemption, which date
      shall not be a day on which banks in the City of New York are required or
      authorized to close. If such notice of redemption shall have been duly given
      and
      if on or before such Redemption Date the funds necessary for redemption shall
      have been set aside so as to be and continue to be available therefor, then,
      notwithstanding that this Warrant shall not have been surrendered for
      cancellation, after the close of business on such Redemption Date, the Warrant
      Shares so called for redemption shall no longer be Warrant Shares and all rights
      with respect to such Warrant Shares shall forthwith after the close of business
      on the Redemption Date cease, except only the right of the Holder to receive,
      upon presentation of this Warrant, the Redemption Price therefor, without
      interest thereon.

     

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    (c) Definitions. For
      the
      purposes of this Section 6, the following definitions shall apply:

     

    “Closing
      Bid Price”
shall
      mean as of any date, the last closing bid price on the Principal Market, as
      reported by Bloomberg, or, if the Principal Market begins to operate on an
      extended hours basis and does not designate the closing bid price then the
      last
      bid price prior to 4:00:00 p.m., New York Time, as reported by Bloomberg, or,
      if
      the Principal Market is not the principal securities exchange or trading market
      for such security, the last closing bid price on the Eligible Market that is
      the
      principal securities exchange or trading market where such security is listed
      or
      traded as reported by Bloomberg, or if the foregoing do not apply, the last
      closing bid price of such security in the over-the-counter market on the
      electronic bulletin board for such security as reported by Bloomberg, or, if
      no
      closing bid price is reported for such security by Bloomberg, the average of
      the
      bid prices of any market makers for such security as reported in the "pink
      sheets" by Pink Sheets LLC (formerly the National Quotation Bureau,
      Inc.).

    

    “Eligible
      Market”
shall
      mean the Principal Market, the NASDAQ National Market, the NASDAQ Capital
      Market, the New York Stock Exchange, Inc. or the American Stock
      Exchange.

    

    “Notice
      Date”
shall
      mean the date on which written notice is given to the Holder of this Warrant
      pursuant to this Section 6.

    

    “Principal
      Market”
shall
      mean means the National Association of Securities Dealers, Inc.’s OTC Bulletin
      Board.

    

    “Redemption
      Date”
shall
      mean the date set by the Company for redemption of this Warrant.

    

    “Redemption
      Price”
shall
      mean $.01 per Warrant Share

    

    “Registration
      Statement”
shall
      mean the registration statement registering the Warrant Shares to be filed
      by
      the Company.

    

    “Reporting
      Period”
shall
      mean the four full fiscal quarters immediately following the date of this
      Warrant.

    

    “Trading
      Day”
shall
      mean any day on which trading in the Common Stock is reported on the Principal
      Market, or, if the Principal Market is not the principal trading market for
      the
      Common Stock, then on the Eligible Market that is the principal securities
      exchange or securities market on which the Common Stock is then traded; provided
      that "Trading Day" shall not include any day on which the Common Stock is
      scheduled to trade on such exchange or market for less than 4.5 hours or any
      day
      that the Common Stock is suspended from trading during the final hour of trading
      on such exchange or market (or if such exchange or market does not designate
      in
      advance the closing time of trading on such exchange or market, then during
      the
      hour ending at 4:00:00 p.m., New York Time).

    

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    7.    Notice
      to Holders.

     

    (a) Notice
      of
      Record Date. In case:

     

    (i)
      the
      Company shall take a record of the holders of its Common Stock (or other stock
      or securities at the time receivable upon the exercise of this Warrant) for
      the
      purpose of entitling them to receive any dividend (other than a cash dividend
      payable out of earned surplus of the Company) or other distribution, or any
      right to subscribe for or purchase any shares of stock of any class or any
      other
      securities, or to receive any other right;

     

    (ii)
      of
      any capital reorganization of the Company, any reclassification of the capital
      stock of the Company, any consolidation with or merger of the Company into
      another corporation, or any conveyance of all or substantially all of the assets
      of the Company to another corporation; or

     

    (iii)
      of
      any voluntary dissolution, liquidation or winding-up of the
      Company;

     

    then,
      and
      in each such case, the Company will mail or cause to be mailed to the Holder
      hereof at the time outstanding a notice specifying, as the case may be, (i)
      the
      date on which a 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, or (ii) the date on which such reorganization,
      reclassification, consolidation, merger, conveyance, dissolution, liquidation
      or
      winding-up is to take place, and the time, if any, is to be fixed, as of which
      the holders of record of Common Stock (or such stock or securities at the
      time receivable upon the exercise of this Warrant) shall be entitled to exchange
      their shares of Common Stock (or such other stock or securities) for securities
      or other property deliverable upon such reorganization, reclassification,
      consolidation, merger, conveyance, dissolution or winding-up. Such notice shall
      be mailed at least ten (10) calendar days prior to the record date therein
      specified, or if no record date shall have been specified therein, at least
      ten
      (10) days prior to such specified date.

     

    (b) Certificate
      of Adjustment.
      Whenever any adjustment shall be made pursuant to Section 5 hereof, the Company
      shall promptly make available and have on file for inspection a certificate
      signed by its Chairman, Chief Executive Officer, President or a Vice President,
      setting forth in reasonable detail the event requiring the adjustment, the
      amount of the adjustment, the method by which such adjustment was calculated
      and
      the Warrant Price and number of Warrant Shares purchasable upon exercise of
      this
      Warrant after giving effect to such adjustment.

     

    7.    Loss,
      Theft, Destruction or Mutilation.
      Upon
      receipt by the Company of evidence satisfactory to it, in the exercise of its
      reasonable discretion, of the ownership and the loss, theft, destruction or
      mutilation of this Warrant and, in the case of loss, theft or destruction,
      of
      indemnity reasonably satisfactory to the Company and, in the case of mutilation,
      upon surrender and cancellation thereof, the Company will execute and deliver
      in
      lieu thereof, without expense to the Holder, a new Warrant of like tenor dated
      the date hereof.

     

    8.    Warrant
      Holder Not a Stockholder.
      The
      Holder of this Warrant, as such, shall not be entitled by reason of this Warrant
      to any rights whatsoever as a stockholder of the Company, including but not
      limited to voting rights.

     

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

    9.    Registration
      Rights.
      Warrant
      Shares will be accorded the same registration rights under the Act as set forth
      in that certain Subscription Agreement attached as Appendix B to the Company’s
      Confidential Private Placement Memorandum, dated March 2007, as the same may
      be
      supplemented from time to time.

     

    10.    Notices.
      Any
      notice provided for in this Warrant must be in writing and must be either
      personally delivered, mailed by first class mail (postage prepaid and return
      receipt requested), or sent by reputable overnight courier service (charges
      prepaid) to the recipient at the address below indicated:

    

    If
      to the
      Company:

     

    MIT
      HOLDING INC. 

    37
      West
      Fairmont Avenue

    Suite
      202

    Savannah,
      Georgia 31406

     

    Attention:
      Mr. William C. Parker

     

    If
      to the
      Holder:

    

    To
      the
      address of such Holder set forth on the books and records of the Company or
      such
      other address or to the attention of such other person as the recipient party
      shall have specified by prior written notice to the sending party. Any notice
      under this Warrant will be deemed to have been given (a) if personally
      delivered, upon such delivery, (b) if mailed, five days after deposit in the
      U.S. mail, or (c) if sent by reputable overnight courier service, one business
      day after such services acknowledges receipt of the notice.

    

    11.    Choice
      of Law.
      THIS
      WARRANT IS ISSUED UNDER AND SHALL FOR ALL PURPOSES BE GOVERNED BY AND CONSTRUED
      IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT
      TO
      ITS CONFLICTS OF LAW RULES.

     

    12.    Submission
      to Jurisdiction.
      EACH OF
      THE HOLDER AND THE COMPANY SUBMITS TO THE JURISDICTION OF ANY STATE OR FEDERAL
      COURT SITTING IN THE COUNTY OF NEW YORK, STATE OF NEW YORK, IN ANY ACTION OR
      PROCEEDING ARISING OUT OF OR RELATING TO THIS WARRANT AND AGREES THAT ALL CLAIMS
      IN RESPECT OF THE ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN ANY SUCH
      COURT. EACH OF THE HOLDER AND THE COMPANY ALSO AGREE NOT TO BRING ANY ACTION
      OR
      PROCEEDING ARISING OUT OF OR RELATING TO THIS WARRANT IN ANY OTHER COURT. EACH
      OF THE PARTIES WAIVES ANY DEFENSE OF INCONVENIENT FORUM TO THE MAINTENANCE
      OF
      ANY ACTION OR PROCEEDING SO BROUGHT AND WAIVES ANY BOND, SURETY, OR OTHER
      SECURITY THAT MIGHT BE REQUIRED OF ANY OTHER PARTY WITH RESPECT
      THERETO.

     

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF,
      the
      Company has duly caused this Warrant to be signed on its behalf, in its
      corporate name and by a duly authorized officer, as of this ___ day of
      ____________ 2007.

     

     

    
      	 	 	 
	 	MIT HOLDING, INC.

	 
 	 
 	 
 
	 	By:  	 
	 	
              

              William C. Parker, President
	 	 

    

    
 

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

    EXHIBIT
      A

     

    Subscription
      form

     

    MIT
      HOLDING INC. 

    37
      West
      Fairmont Avenue

    Suite
      202

    Savannah,
      Georgia 31406

    Attention:
      President

     

    The
      undersigned hereby (1) irrevocably elects to exercise his, her or its rights
      to
      purchase ____________ shares of the common stock, par value $.001 per share
      (“Common
      Stock”),
      of
      MIT HOLDING INC., a Delaware corporation, covered by the attached Warrant,
      (2)
      makes payment in full of the purchase price therefore by enclosure of cash,
      a
      certified check or bank draft, (3) requests that certificates for such shares
      of
      Common Stock be issued in the name of:

     

    (Please
      print the Warrant holder’s name, address and Social Security/Tax Identification
      Number)

    ________________________________________________

    ________________________________________________

    ________________________________________________

    and
      (4)
      if such number of shares of Common Stock shall not be all the shares receivable
      upon exercise of the attached Warrant, requests that a new Warrant for the
      balance of the shares covered by the attached Warrant be registered in the
      name
      of, and delivered to:

     

    (Please
      print name, address and Social Security/Tax Identification Number)

    ________________________________________________

    ________________________________________________

    ________________________________________________

    In
      lieu
      of receipt of a fractional share of Common Stock, the undersigned will receive
      a
      check representing payment therefor.

     

    
      	
              Dated:
                _____________________

            	
              
                _________________________________

              

            
	 	
              PRINT
                WARRANT HOLDER NAME

            
	 	 
	 	
              
                _________________________________

              

            
	 	
              Name:
                

            
	 	
              Title:
                

            

    

    

    Witness:

     

    
      ________________________________

    

    
 

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

    EXHIBIT
      B

     

    ASSIGNMENT
      FORM

     

    MIT
      HOLDING INC. 

    37
      West
      Fairmont Avenue

    Suite
      202

    Savannah,
      Georgia 31406

    Attention:
      President 

    

    FOR
      VALUE
      RECEIVED,        
      hereby
      sells, assigns and transfers unto

    

    (Please
      print assignee’s name, address and Social Security/Tax Identification
      Number)

    ________________________________________________

    ________________________________________________

    ________________________________________________

    the
      right
      to purchase shares of common stock, par value $.001 per share, of MIT HOLDING
      INC. , a Delaware corporation (the “Company”),
      represented by this Warrant to the extent of shares as to which such right
      is
      exercisable and does hereby irrevocably constitute and appoint
      ____________________________, Attorney, to transfer the same on the books of
      the
      Company with full power of substitution in the premises.

     

    
      	
              Dated:
                _____________________

            	
              _________________________________

            
	 	
              PRINT
                WARRANT HOLDER NAME

            
	 	 
	 	
              _________________________________

            
	 	
              Name:
                

            
	 	
              Title:
                

            

    

    

    Witness:

     

    ____________________________

     

    

    
      
         

      

      
        13INVESTOR
      REGISTRATION RIGHTS AGREEMENT

    

    THIS
      INVESTOR REGISTRATION RIGHTS AGREEMENT,
      dated as
      of _____________, 2007 (this "Agreement"), is made by and between MIT
      HOLDING, INC.,
      a
      Delaware corporation, with headquarters located at 37 West Fairmont Avenue,
      Suite 202, Savannah, Georgia 31406 (the “Company”), and
      _________________________ located at _________________________________ (the
      “Investor”). Capitalized terms not otherwise defined herein shall have the
      meanings ascribed to such terms in the subscription agreement of even date
      herewith between the Company and the Investor (the “Subscription
      Agreement”).

    

    WITNESSETH:

     

    WHEREAS,
      upon
      the terms and subject to the conditions of the Subscription Agreement, the
      Company has agreed to issue and sell to the Investor the number of Units set
      forth in the Subscription Agreement for $1,000 per Unit (the “Purchase Price”),
      each Unit consisting of (i) one share of 6% Series A Convertible Preferred
      Stock
      of MIT (the “Preferred Stock”), convertible at the holder’s option into an
      aggregate of 2,000 shares of common stock, $.0001 par value (“Common Stock”) at
      a conversion price of $0.50 per share, and (ii) warrants to purchase an
      aggregate of 2,000 shares
      of
      Common Stock, exercisable for a period of five years at a price of $0.75 per
      share (the “Warrants”); and

    

    WHEREAS,
      the
      Common Stock and Warrants issued as part of the Units subscribed for in this
      equity offering for a maximum of $3,500,000 in gross proceeds (the “Equity
      Offering”) have demand registration rights; and  

    

    WHEREAS,
      to
      induce the Investor to execute and deliver the Subscription Agreement, the
      Company has agreed to provide certain registration rights under the Securities
      Act of 1933, as amended, and the rules and regulations thereunder, or any
      similar successor statute (collectively, the “Securities Act”), with respect to
      the Registrable Securities.

    

    NOW,
      THEREFORE,
      in
      consideration of the premises and the mutual covenants contained herein and
      other good and valuable consideration, the receipt and sufficiency of which
      are
      hereby acknowledged, the Company and the Investor hereby agree as
      follows:

    

    1. Definitions. As
      used
      in this Agreement, the following terms shall have the following
      meanings:

    

    (a) “Closing
      Date” means the date of the closing of the purchase and sale of the Units as
      provided in the Subscription Agreement.

     

    (b) “Effective
      Date” means the date the SEC declares a Registration Statement covering the
      Registrable Securities and otherwise meeting the conditions contemplated hereby
      to be effective.

    

    (c) “Register,”
      “Registered,” and “Registration” refer to a registration effected by preparing
      and filing a Registration Statement or Statements in compliance with the
      Securities Act and pursuant to Rule 415 under the Securities Act or any
      successor rule providing for offering securities on a continuous basis (“Rule
      415"), and the declaration or ordering of effectiveness of such Registration
      Statement by the United States Securities and Exchange Commission (the
“SEC”).

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (d) "Registrable
      Securities" means the shares of Common Stock issuable upon conversion of the
      Preferred Stock and upon exercise of the Warrants. 

    

    (e) “Registration
      Statement” means a registration statement of the Company under the Securities
      Act covering Registrable Securities on Form SB-2, if the Company is then
      eligible to file using such form, and if not eligible, on such other appropriate
      form.

    .

    2. Registration.   

    

    (a)
      The
      Company shall prepare and file with the SEC a Registration Statement registering
      for resale by the Investor a sufficient number of shares of Common Stock for
      the
      Investor to sell the Registrable Securities: (i) no later than thirty (30)
      days
      after the termination of the Equity Offering, provided that the Company either
      (i) receives a minimum of $2,000,000 in gross proceeds from the Equity Offering,
      or (ii) consummates a merger of the Company with a public company or the
      subsidiary of such company identified by Meyers Associates L.P. (each date
      the
“Required Filing Date”). The Registration Statement shall state that, in
      accordance with Rule 416 and 457 under the Securities Act, it also covers such
      indeterminate number of additional shares of Common Stock as may become issuable
      to prevent dilution resulting from stock splits or stock dividends. The Company
      will use its reasonable best efforts to cause such Registration Statement to
      be
      declared effective. In the event that the Registration Statement is not
      effective (the “Required Effective Date”) upon the earlier of (Y) five (5) days
      after oral or written notice by the SEC that it may be declared effective or
      (Z)
      120 days after the date on which the registration statement is filed (unless
      such failure to become effective is a result of the actions of the selling
      shareholders), the Company will be deemed to be in breach of this Agreement.
      

    

    (b) Payments
      by the Company.

     

    (i) If
      the
      Registration Statement covering the Registrable Securities is not filed in
      proper form with the SEC by the Required Filing Date, the Company will make
      payment to the Investor in such amounts and at such times as shall be determined
      pursuant to this Section 2(b). 

    

    (ii) If
      the
      Registration Statement covering the Registrable Securities is not effective
      by
      the relevant Required Effective Date or if the Investor is restricted from
      making sales of Registrable Securities covered by a previously effective
      Registration Statement at any time by virtue of a suspension or stop order
      with
      respect to such Registration Statement (the date such restriction commences,
      a
“Restricted Sale Date”), then the Company will make payments to the Investor in
      such amounts and at such times as shall be determined pursuant to this Section
      2(b).

    

    (iii) The
      amount (the “Periodic Amount”) to be paid by the Company to the Investor shall
      be determined as of each Computation Date (as defined below) and such Periodic
      Amount shall be equal to two (2%) percent of the Purchase Price for the period
      from the date following each of the relevant Required Filing Date or the
      Required Effective Date, as the case may be, to the first relevant Computation
      Date, and thereafter to each subsequent Computation Date (prorated on a daily
      basis if such period is less than thirty 30 days), provided,
      however,
      that
      such Periodic Amounts shall cease after eight (8) months from the initial
      Computation Date and provided
      further,
      that no
      Periodic Amount shall be due in the event that Registration Statement covering
      the Registrable Securities is not effective by the relevant Required Effective
      Date following comments from the SEC regarding Rule 415 under the Securities
      Act. The parties acknowledge that the failure to comply on a timely basis with
      the provisions related to both the Required Filing Date and the Required
      Effective Date would result in a payment of four percent of the Purchase
      Price.

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    (iv) Each
      Periodic Amount will be payable by the Company, and at the option of the
      Investor, in cash or shares of Common Stock (1) on the day after the Required
      Filing Date or the Required Effective Date, as the case may be, and (2) each
      thirtieth day thereafter. 

    

    (v) The
      parties acknowledge that the damages which may be incurred by the Investor
      if
      the Registration Statement is not filed by the Required Filing Date or the
      Registration Statement has not been declared effective by a Required Effective
      Date, including if the right to sell Registrable Securities under a previously
      effective Registration Statement is suspended or the shares of the Company’s
      stock are not listed on the Principal Trading Market, may be difficult to
      ascertain. The parties agree that the Periodic Amounts represent a reasonable
      estimate on the part of the parties, as of the date of this Agreement, of the
      amount of such damages.

    

    (vi) Notwithstanding
      the foregoing, the amounts payable by the Company pursuant to this provision
      shall not be payable to the extent any delay in the effectiveness of the
      Registration Statement or such Registration Statement is suspended or subject
      to
      a stop order occurs because of an act of, or a failure to act or to act timely
      by the Investor or its counsel.

     

    (vii) "Computation
      Date" means (A) the date which is the earlier of (1) thirty (30) days after
      the
      Required Filing Date or Required Effective Date, as the case may be, or (2)
      the
      date after the Required Filing Date on which the Registration Statement is
      filed
      (with respect to payments due as contemplated by Section 2(b)(i) hereof) or
      the
      date after the Required Effective Date on which the Registration Statement
      is
      declared effective (with respect to payments due as contemplated by Section
      2(b)(ii) hereof), as the case may be, and (B) each date which is the earlier
      of
      (1) thirty (30) days after the previous Computation Date or (2) the date after
      the previous Computation Date on which the Registration Statement is filed
      (with
      respect to payments due as contemplated by Section 2(b)(i) hereof) or is
      declared effective (with respect to payments due as contemplated by Section
      2(b)(ii) hereof), as the case may be.

     

    3. Obligations
      of the Company.
      In
      connection with the registration of the Registrable Securities, the Company
      shall do each of the following:

     

    (a) Prepare
      promptly, and file with the SEC by the Required Filing Date a Registration
      Statement with respect to not less than the number of Registrable Securities
      provided in Section 2(a) above, and thereafter use its reasonable best efforts
      to cause such Registration Statement relating to Registrable Securities to
      become effective and keep the Registration Statement effective at all times
      during the period (the “Registration Period”) continuing until the earlier of
      (i) the date that the Investor has the right to sell the Registrable Securities
      under Rule 144(k) under the Securities Act (or one year in the event the that
      Investor is an affiliate of the Company) or (ii) the date the Investor no longer
      owns any of the Registrable Securities, which Registration Statement (including
      any amendments or supplements thereto and prospectuses contained therein) shall
      not contain any untrue statement of a material fact or omit to state a material
      fact required to be stated therein or necessary to make the statements therein,
      in light of the circumstances in which they were made, not
      misleading;

    

    (b) Prepare
      and file with the SEC such amendments (including post-effective amendments)
      and
      supplements to the Registration Statement and the prospectus used in connection
      with the Registration Statement as may be necessary to keep the Registration
      Statement effective at all times during the Registration Period, and, during
      the
      Registration Period, comply with the provisions of the Securities Act with
      respect to the disposition of all Registrable Securities of the Company covered
      by the Registration Statement until such time as all of such Registrable
      Securities have been disposed of in accordance with the intended methods of
      disposition by the seller or sellers thereof as set forth in the Registration
      Statement;

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    (c) Notify
      the Investor: 
      (i) of
      the issuance by the SEC of any stop order suspending the effectiveness of the
      Registration Statement covering any or all of the Registrable Securities or
      the
      initiation of any proceedings for that purpose; (ii) if at any time any of
      the
      representations or warranties of the Company contained in any agreement
      contemplated hereby ceases to be true and correct in all material respects;
      (iii) of the receipt by the Company of any notification with respect to the
      suspension of the qualification or exemption from qualification of any of the
      Registrable Securities for sale in any jurisdiction, or the initiation or
      threatening of any proceeding for such purpose; and (iv) of the occurrence
      of
      any event that to the best knowledge of the Company makes any statement made
      in
      the Registration Statement or Prospectus or any document incorporated or deemed
      to be incorporated therein by reference untrue in any material respect or that
      requires any revisions to the Registration Statement, Prospectus or other
      documents so that, in the case of the Registration Statement or the Prospectus,
      as the case may be, it will not contain 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 light of the circumstances under which they
      were
      made, not misleading. 

    

    (d) Furnish
      to Investor upon request (i) one (1) copy of the Registration Statement, each
      preliminary prospectus and prospectus, and each amendment or supplement thereto,
      and (ii) such number of copies of a prospectus, and all amendments and
      supplements thereto and such other documents, as the Investor may reasonably
      request in order to facilitate the disposition of the Registrable Securities
      owned by such Investor;

    

    (e) As
      promptly as practicable after becoming aware thereof, notify the Investor of
      the
      happening of any event of which the Company has knowledge, as a result of which
      the prospectus included in the Registration Statement, as then in effect,
      includes an untrue statement of a material fact or omits to state a material
      fact required to be stated therein or necessary to make the statements therein,
      in light of the circumstances under which they were made, not misleading, and
      use its best efforts promptly to prepare a supplement or amendment to the
      Registration Statement or other appropriate filing with the SEC to correct
      such
      untrue statement or omission, and deliver a number of copies of such supplement
      or amendment to the Investor as such Investor may reasonably
      request;

    

    (f) As
      promptly as practicable after becoming aware thereof, notify the Investor who
      holds Registrable Securities being sold (or, in the event of an underwritten
      offering, the managing underwriters) of the issuance by the SEC of a Notice
      of
      Effectiveness or any notice of effectiveness or any stop order or other
      suspension of the effectiveness of the Registration Statement at the earliest
      possible time;

     

    (g) Use
      its
      reasonable efforts to cause the Registrable Securities to be quoted on the
      principal market on which the Company’s Common Stock is quoted. 

    

    (h) Cooperate
      with the Investor being offered to facilitate the timely preparation and
      delivery of certificates for the Registrable Securities to be offered pursuant
      to the Registration Statement and enable such certificates for the Registrable
      Securities to be in such denominations or amounts as the case may be, as the
      Investor may reasonably request, and, within five (5) business days after a
      Registration Statement which includes Registrable Securities is ordered
      effective by the SEC, the Company shall deliver, and shall cause legal counsel
      selected by the Company to deliver, to the transfer agent for the Registrable
      Securities (with copies to the Investors whose Registrable Securities are
      included in such Registration Statement) an appropriate instruction and opinion
      of such counsel; and

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    (i)
      Take
      all other reasonable actions necessary to expedite and facilitate disposition
      by
      the Investor of the Registrable Securities pursuant to the Registration
      Statement.

    

    4. Obligations
      of the Investor.
      In
      connection with the registration of the Registrable Securities, the Investor
      shall have the following obligations:

    

    (a) The
      Investor, by its acceptance of the Registrable Securities, agrees to cooperate
      with the Company as reasonably requested by the Company in connection with
      the
      preparation and filing of the Registration Statement hereunder, unless it has
      notified the Company in writing of its election to exclude all of the Investor's
      Registrable Securities from the Registration Statement; and

    

    (b) The
      Investor agrees that, upon receipt of any notice from the Company of the
      happening of any event of the kind described in Section 3(f) or 3(g), above,
      the
      Investor will immediately discontinue disposition of Registrable Securities
      pursuant to the Registration Statement covering such Registrable Securities
      until the Investor's receipt of the copies of the supplemented or amended
      prospectus contemplated by Section 3(f) or 3(g) and, if so directed by the
      Company, such Investor shall deliver to the Company (at the expense of the
      Company) or destroy (and deliver to the Company a certificate of destruction)
      all copies in the Investor's possession, of the prospectus covering such
      Registrable Securities current at the time of receipt of such
      notice.

    

    5. Expenses
      of Registration.
      

    

    (a)  All
      expenses (other than underwriting discounts and commissions of the Investor
      and
      the expenses of counsel to all Investors in excess of an aggregate of $2,000
      )
      incurred in connection with registrations, filings or qualifications pursuant
      to
      Section 3, but including, without limitation, all registration, listing, and
      qualifications fees, printers and accounting fees, the fees and disbursements
      of
      counsel for the Company shall be borne by the Company. 

    

    6. Indemnification.
       After
      Registrable Securities are included in a Registration
      Statement under this Agreement:

    

    (a) To
      the
      extent permitted by law, the Company will indemnify and hold harmless, the
      Investor, the directors, the officers, agent and representatives, if any, of
      such Investor (each, an "Indemnified Party"), against any losses, claims,
      damages, liabilities or expenses (joint or several) incurred (collectively,
      "Claims") to which any of them may become subject under the Securities Act,
      the
      Exchange Act or otherwise, insofar as such Claims (or actions or proceedings,
      whether commenced in respect thereof) arise out of or are based upon: (i) any
      untrue statement or untrue statement of a material fact contained in the
      Registration Statement or any post-effective amendment thereof or the omission
      or alleged omission to state therein a material fact required to be stated
      therein or necessary to make the statements therein not misleading, (ii) any
      untrue statement or untrue statement of a material fact contained in the final
      prospectus (as amended or supplemented, if the Company files any amendment
      thereof or supplement thereto with the SEC) or the omission or alleged omission
      to state therein any material fact necessary to make the statements made
      therein, in the light of the circumstances under which the statements therein
      were made, not misleading or (iii) any violation or alleged violation by the
      Company of the Securities Act, the Exchange Act, any state securities law or
      any
      rule or regulation under the Securities Act, the Exchange Act or any state
      securities law (the matters in the foregoing clauses (i) through (iii) being
      collectively referred to as "Violations"). The Company shall reimburse the
      Investor for any reasonable legal fees or other reasonable expenses incurred
      by
      them in connection with investigating or defending any such Claim.
      Notwithstanding anything to the contrary contained herein, the indemnification
      agreement contained in this Section 6(a) shall not (i) apply to any Claims
      arising out of or based upon a Violation which occurs in reliance upon and
      in
      conformity with information furnished in writing to the Company by or on behalf
      of any Indemnified Party expressly for use in connection with the preparation
      of
      the Registration Statement or any such amendment thereof or supplement thereto;
      (ii) be available to the extent such Claim is based on a failure of the Investor
      to deliver or cause to be delivered the prospectus made available by the
      Company; or (iii) apply to amounts paid in settlement of any Claim if such
      settlement is effected without the prior written consent of the Company, which
      consent shall not be unreasonably withheld. The Investor will indemnify the
      Company, its officers, directors and agents (including legal counsel) (each
      an
“Indemnified Party”) against any claims arising out of or based upon a Violation
      which occurs in reliance upon and in conformity with information furnished
      in
      writing to the Company, by or on behalf of such Investor, expressly for use
      in
      connection with the preparation of the Registration Statement, subject to such
      limitations and conditions set forth in this Section 6. The Investor shall
      reimburse the Company for any reasonable legal fees or other reasonable expenses
      incurred by it in connection with investigating or defending any such Claim.
      Such indemnity shall remain in full force and effect regardless of any
      investigation made by or on behalf of the Indemnified Party, and shall survive
      the offering and transfer of the Registrable Securities by the
      Investor.

    

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    (b)
      Promptly after receipt by an Indemnified Party under this Section 6 of notice
      of
      the commencement of any action (including any governmental action), such
      Indemnified Party shall, if a Claim in respect thereof is to be made against
      any
      indemnifying party under this Section 6, deliver to the indemnifying party
      a
      written notice of the commencement thereof and the indemnifying party shall
      have
      the right to participate in, and, to the extent the indemnifying party so
      desires, jointly with any other indemnifying party similarly noticed, to assume
      control of the defense thereof with counsel mutually satisfactory to the
      indemnifying party and the Indemnified Party, as the case may be; provided,
      however,
      that an
      Indemnified Party shall have the right to retain its own counsel with the
      reasonable fees and expenses to be paid by the indemnifying party, if, in the
      reasonable opinion of counsel retained by the indemnifying party, the
      representation by such counsel of the Indemnified Party and the indemnifying
      party would be inappropriate due to actual or potential differing interests
      between such Indemnified Party and any other party represented by such counsel
      in such proceeding. The failure to deliver written notice to the indemnifying
      party within a reasonable time of the commencement of any such action shall
      not
      relieve such indemnifying party of any liability to the Indemnified Party under
      this Section 6, except to the extent that the indemnifying party is prejudiced
      in its ability to defend such action. The indemnification required by this
      Section 6 shall be made by periodic payments of the amount thereof during the
      course of the investigation or defense, as such expense, loss, damage or
      liability is incurred and is due and payable.

    

    7. Contribution.
      To the
      extent any indemnification by an indemnifying party is prohibited or limited
      by
      law, the indemnifying party agrees to make the maximum contribution with respect
      to any amounts for which it would otherwise be liable under Section 6 to the
      fullest extent permitted by law; provided,
      however,
      that
      (a) no contribution shall be made under circumstances where the maker would
      not
      have been liable for indemnification under the fault standards set forth in
      Section 6; (b) no seller of Registrable Securities guilty of fraudulent
      misrepresentation (within the meaning of Section 11(f) of the Securities Act)
      shall be entitled to contribution from any seller of Registrable Securities
      who
      was not guilty of such fraudulent misrepresentation; and (c) except where the
      seller has committed fraud (other than a fraud by reason of the information
      included or omitted from the Registration Statement as to which the Company
      has
      not given notice as contemplated under Section 3 hereof) or intentional
      misconduct, contribution by any seller of Registrable Securities shall be
      limited in amount to the net amount of proceeds received by such seller from
      the
      sale of such Registrable Securities.

    

    8.
      Reports under Securities Act and Exchange Act.
      With a
      view to making available to Investor the benefits of Rule 144 promulgated under
      the Securities Act or any other similar rule or regulation of the SEC that
      may
      at any time permit Investor to sell securities of the Company, to the public
      without Registration (“Rule 144”), the Company agrees upon becoming a reporting
      company under the Exchange Act to:

    

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    (a) make
      and
      keep public information available, as those terms are understood and defined
      in
      Rule 144;

    

    (b) file
      with
      the SEC in a timely manner all reports and other documents required of the
      Company under the Securities Act and the Exchange Act; 

    

    (c) furnish
      to the Investor so long as the Investor owns Registrable Securities, promptly
      upon request, (i) a written statement by the Company that it has complied with
      the reporting requirements of Rule 144, the Securities Act and the Exchange
      Act,
      (ii) if not available on the SEC’s EDGAR system, a copy of the most recent
      annual or quarterly report of the Company and such other reports and documents
      so filed by the Company and (iii) such other information as may be reasonably
      requested to permit the Investor to sell such securities pursuant to Rule 144
      without Registration.

     

    9. Assignment
      of the Registration Rights.
      The
      rights to have the Company register Registrable Securities pursuant to this
      Agreement shall be automatically assigned by the Investors to any transferee
      of
      the Registrable Securities only if the Company is, within a reasonable time
      after such transfer or assignment, furnished with written notice of (a) the
      name
      and address of such transferee or assignee and (b) the securities with respect
      to which such registration rights are being transferred or assigned.

    

    10. Amendment
      of Registration Rights.
      Any
      provision of this Agreement may be amended and the observance thereof may be
      waived (either generally or in a particular instance and either retroactively
      or
      prospectively), only with the written consent of the Company and Investors
      who
      hold a eighty (80%) percent interest of the Registrable Securities (as
      calculated by the sum of the number of Shares held by the Investors). Any
      amendment or waiver effected in accordance with this Section 10 shall be binding
      upon the Investor and
      the
      Company. Notwithstanding anything contained herein to the contrary, to the
      extent that the registration rights provided to the holders of the units sold
      in
      the Equity Offering vary from the registration rights provided to the Investor
      hereunder, this Agreement shall be deemed amended to conform to such
      registration rights. 

    

    11. Miscellaneous.

    

    (a) A
      person
      or entity is deemed to be a holder of Registrable Securities whenever such
      person or entity owns of record such Registrable Securities. If the Company
      receives conflicting instructions, notices or elections from two or more persons
      or entities with respect to the same Registrable Securities, the Company shall
      act upon the basis of instructions, notice or election received from the
      registered owner of such Registrable Securities.

    

    (b) Notices
      required or permitted to be given hereunder shall be given in the manner
      contemplated by the Subscription Agreement, (i) if to the Company or to the
      Investor, to their respective addresses set forth above, and (ii) if to any
      other Investor, at such address as such Investor shall have provided in writing
      to the Company, or at such other address as each such party furnishes by notice
      given in accordance with this Section 11(b).

    

    (c) Failure
      of any party to exercise any right or remedy under this Agreement or otherwise,
      or delay by a party in exercising such right or remedy, shall not operate as
      a
      waiver thereof.

    

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    (d) This
      Agreement shall be governed by and interpreted in accordance with the laws
      of
      the State of New York for contracts to be wholly performed in such state and
      without giving effect to the principles thereof regarding the conflict of laws.
      Each of the parties consents to the jurisdiction of the federal courts in the
      City of New York, New York or the state courts of the State of New York sitting
      in the City of New York, New York County, New York in connection with any
      dispute arising under this Agreement and hereby waives, to the maximum extent
      permitted by law, any objection, including any objection based on
      forum non coveniens,
      to the
      bringing of any such proceeding in such jurisdictions. To the extent determined
      by such court, the Company shall reimburse the Investor for any reasonable
      legal
      fees and disbursements incurred by the Investor in enforcement of or protection
      of any of its rights under this Agreement

     

    (e) If
      any
      provision of this Agreement shall be invalid or unenforceable in any
      jurisdiction, such invalidity or unenforceability shall not affect the validity
      or enforceability of the remainder of this Agreement or the validity or
      enforceability of this Agreement in any other jurisdiction.

     

    (f) Subject
      to the requirements of Section 9 hereof, this Agreement shall inure to the
      benefit of and be binding upon the successors and assigns of each of the parties
      hereto.

    

    (g) All
      pronouns and any variations thereof refer to the masculine, feminine or neuter,
      singular or plural, as the context may require.

    

    (h) The
      headings in this Agreement are for convenience of reference only and shall
      not
      limit or otherwise affect the meaning thereof.

    

    (i) This
      Agreement may be executed in one or more counterparts, each of which shall
      be
      deemed an original but all of which shall constitute one and the same agreement.
      This Agreement, once executed by a party, may be delivered to the other party
      hereto by telephone line facsimile transmission of a copy of this Agreement
      bearing the signature of the party so delivering this Agreement.

    

    (j)  This
      Agreement constitutes the entire agreement among the parties hereto with respect
      to the subject matter hereof. There are no restrictions, promises, warranties
      or
      undertakings, other than those set forth or referred to herein. This Agreement
      supersedes all prior agreements and understandings among the parties hereto
      with
      respect to the subject matter hereof. This Agreement may be amended only by
      an
      instrument in writing signed by the party to be charged with enforcement
      thereof. 

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

     

    IN
      WITNESS WHEREOF,
      the
      parties have caused this Agreement to be duly executed by their respective
      officers thereunto duly authorized as of the day and year first above
      written.

    

    
      	 	
              MIT
                HOLDING, INC.

            
	 	 	 
	 	 	 
	 	
              By:

            	
                 
                

            
	 	 	 
	 	
              Name:

            	
                  
                

            
	 	 	 
	 	
              Title:

            	
                 
                

            
	 	 	 
	 	 	 
	 	 	 
	 	
              INVESTOR:

            
	 	 	 
	 	 	 
	 	
              By:

            	
                 
                

            
	 	 	 
	 	
              Name:

            	
                 
                

            
	 	 	 
	 	
              Title:

            	
                  
                

            

    

    

    
      
         

      

      
        9

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00122-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00122-of-00352.parquet"}]]