Document:

PROMISSORY
      NOTE

    
      	
               

              $3,500,000.00

            	
               

              February
                28, 2007

            

    

     

    FOR
      VALUE
      RECEIVED, NexCen Brands, Inc. (“Company”)
      hereby
      promises to pay to the order of Marble Slab Creamery, Inc., a Texas corporation
      (“Holder”),
      the
      principal sum of Three Million Five Hundred Thousand and 00/100 Dollars
      ($3,500,000.00), together with interest thereon calculated from the date hereof
      in accordance with the provisions of this note (“Note”).

    

    This
      Note
      is issued pursuant to that certain Asset Purchase Agreement, dated as of
      February 14, 2007, among NexCen Acquisition Corp. (“Buyer”),
      Holder, Holder’s stockholders and the Company ( “Purchase
      Agreement”)
      pursuant to which Buyer acquired substantially all the assets and franchise
      operations of Holder (the “Business”)
      and is
      the “Promissory
      Note”
defined
      in the Purchase Agreement. This Note evidences the absolute and unconditional
      obligation of the Company.

    

    1. Scheduled
      Payments

    

    (a) Principal.
      The
      entire unpaid principal balance of this Note (together with all accrued and
      unpaid interest thereupon) shall become due and payable in full on February
      28,
      2008, subject to mandatory prepayments required under Section 1(c)
      (“Maturity
      Date”).
      If,
      but only if, the Escrow Amount (defined below) is sufficient to pay the unpaid
      principal balance of this Note, plus accrued and unpaid interest, the release
      of
      the Escrow Amount to the Holder shall constitute full and final satisfaction
      of
      this Note.

    

    (b) Interest.
      Interest shall accrue on the unpaid principal amount of this Note from the
      date
      hereof through the Maturity Date at the rate of six percent (6%) per annum,
      and
      after the Maturity Date until paid at the rate of eight percent (8%) per annum.
      Interest shall be calculated on the basis of the actual number of days elapsed
      and a year of 365 days.

    

    (c) Mandatory
      Prepayment.
      Notwithstanding the foregoing, if, prior to the Maturity Date, Buyer sells,
      transfers or otherwise disposes of all or substantially all of the assets of
      the
      Business (based on the book value thereof), or if the Company sells, transfers
      or otherwise disposes of more than 49% of the Company’s equity interests in the
      Buyer, in each case other than to an Affiliate (as defined in the Purchase
      Agreement) of the Company, then upon the closing of such transaction all of
      the
      outstanding principal balance hereunder and all accrued and unpaid interest
      thereon shall immediately become due and payable (a “Mandatory
      Prepayment”),
      and
      the Maturity Date shall be the date the Mandatory Prepayment becomes
      due.

    

    (d) Optional
      Prepayments.
      The
      Company may at any time prepay, without premium or penalty, all or any portion
      of the Company’s obligations under this Note. All such prepayments shall be
      applied first to pay all accrued but unpaid interest and then to pay outstanding
      principal.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    2. Payment
      of Note. 

    

    (a) Except
      to
      the extent permitted in Section 2(b), all payments and prepayments of principal
      of and interest on this Note shall be made to the Holder or its order, or to
      the
      legal holder of this Note or such holder’s order, in lawful money of the United
      States of America by wire transfer of immediately available funds to a United
      States bank account designated in writing by the Holder (or at such other place
      as the holder hereof shall notify the Company in writing).

    

    (b) The
      Company shall have the right, in its sole discretion, to make full and final
      payment of principal of and accrued but unpaid interest on this Note (but not
      any partial payment thereof), whether on the Maturity Date or any earlier date,
      in shares of Common Stock, par value $0.01 per share, of the Company
      (“Company
      Shares”)
      in an
      amount equal to the quotient obtained by dividing (i) the amount of such payment
      by (ii) the average per share closing price for the Common Stock as reported
      on
      the Nasdaq Global Market for the five consecutive trading days ending on the
      trading day preceding the date of payment. As a condition to the Company’s right
      to issue Company Shares in partial or full satisfaction of this Note, the
      Company Shares issuable to the Holder (i) shall be covered by a registration
      statement filed with and declared effective by the Securities and Exchange
      Commission and either registered or exempt under applicable state securities
      laws, and (ii) shall not be subject to any restrictions on resale. For the
      avoidance of doubt, if such registration statement is not effective on the
      date
      the applicable payment is made, the Holder may demand (and shall receive)
      payment in cash in lieu of accepting Company Shares.

    

    3. Event
      of Default; Consequences.
      If the
      Company fails to pay when due any amount (whether interest, principal or other
      amount) then payable on this Note, then the Holder may, by notice of default
      and
      acceleration given to the Company, accelerate the Maturity Date and declare
      the
      entire outstanding principal amount of this Note, together with all accrued
      and
      unpaid interest thereon, immediately due and payable.

    

    4. Escrow.
      On or
      prior to the date of this Note, the Company has deposited an aggregate of
      $5,100,000 (the “Escrow
      Amount”)
      in an
      escrow account in accordance with the terms of the Escrow Agreement to satisfy
      payment of this Note and a second promissory note payable to Holder in the
      principal amount of $1,500,000 (the “Second
      Note”).
      Upon
      the occurrence of an event of default under this Note, the Holder shall have
      the
      right to make a claim against the Escrow Amount for the amount then due and
      payable. If, however, the
      principal amount of this Note is reduced, whether as a result of prepayment,
      or
      payment at maturity, then the Escrow Agent shall release to the Company that
      portion of the Escrow Amount that corresponds to the amount by which the
      principal amount of this Note has been reduced, plus, to the extent that the
      amount remaining in the escrow account is sufficient to satisfy the outstanding
      principal and interest through maturity in this Note and the Second Note, up
      to
      an additional amount equal to the amount of interest that would have accrued
      (but will not accrue) under this Note as a result of the reduction in the
      principal amount of the Note. The Company shall be entitled to all interest
      earned on the Escrow Amount to the extent such interest is not required for
      payment of accrued but unpaid interest on this Note and the Second
      Note.

    

    
      
        
        

      

      
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    5. Expenses.
      Holder
      shall be entitled to recover any and all sums and expenses, including costs,
      attorneys’ fees and other professional fees and collection and receiver’s
      expenses, advanced or incurred by Holder in connection with the defense,
      enforcement or collection of this Note, and any refinancing, workout or
      restructuring of the indebtedness evidenced hereby. The Company shall reimburse
      Holder for such sums and expenses from time to time upon demand.

    

    6. Waiver
      of Presentment.
      The
      Company hereby waives presentment for payment, demand, protest, and notice
      of
      demand, protest and nonpayment, and any other notice that might be required
      by
      law, and consents to any and all renewals or extensions that might be made
      by
      the Holder as to the time of payment of this Note from time to
      time.

    

    7. Transfer
      to Stockholders.
      Upon
      surrender of this Note to Company, duly endorsed for transfer and accompanied
      by
      a schedule showing (i) the name, address and federal tax identification number
      of Ronald J. Hankamer, Sr., Ronald J. Hankamer, Jr. and Richard Hankamer (the
      “Stockholders”)
      and
      (ii) the amount and percentage of the unpaid principal of this Note each such
      Stockholder will receive, Company will cancel this Note and issue to each
      Stockholder a replacement Promissory Note in the principal amount indicated
      in
      Company’s schedule and otherwise containing terms identical to those set forth
      in this Note.

    

    8. Replacement
      and Cancellation.

    

    (a) Replacement
      of Lost Note.
      Upon
      receipt of evidence reasonably satisfactory to the Company (an affidavit of
      the
      Holder shall be satisfactory) of the ownership and the loss, theft, destruction
      or mutilation of this Note and, in the case of any such loss, theft or
      destruction, upon receipt of an indemnity reasonably satisfactory to the Company
      (provided that, if the holder is a financial institution or other institutional
      investor, its own agreement shall be satisfactory), or, in the case of any
      such
      mutilation, upon the surrender of such Note to the Company at its principal
      office, the Company shall (at its expense) execute and deliver, in lieu thereof,
      a new Note of the same class and representing the same rights represented by
      such lost, stolen, destroyed or mutilated Note and dated so that there will
      be
      no loss of interest on such Note. Any Note in lieu of which any such new Note
      has been so executed and delivered by the Company shall not be deemed to be
      an
      outstanding Note.

    

    (b) Cancellation.
      After
      all principal, accrued interest and all other amounts at any time owed on this
      Note have been paid in full, this Note shall be surrendered to the Company
      for
      cancellation, and the Escrow Amount, if and to the extent not distributed to
      the
      Holder in payment and satisfaction of the Note, shall be released in full to
      the
      Company.

    

    9. Business
      Days.
      If any
      payment is due, or any time period for giving notice or taking action expires,
      on a day which is not a business day, in the State of New York, the payment
      shall be due and payable on, and the time period shall automatically be extended
      to, the next business day immediately following, and interest shall continue
      to
      accrue at the required rate hereunder until any such payment is
      made.

    

    10. Governing
      Law.
      This
      Note shall be governed by and construed in accordance with the internal laws
      of
      the State of New York, without giving effect to any choice of law or conflict
      of
      law provision or rule (whether of the State of New York or any other
      jurisdiction) that would cause the application of the laws of any jurisdiction
      other than the State of New York.

    

    
      
        
        

      

      
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    11. Purchase
      Agreement.
      This
      Note has been executed and delivered pursuant to and in accordance with the
      terms and conditions of the Purchase Agreement (as defined herein), to which
      reference is made for a more complete statement of the Holder’s rights with
      respect to this Note. Capitalized terms used in this Note without separate
      definition shall have the respective meanings given to them in the Purchase
      Agreement.

    

    12. Successors
      and Assigns.
      This
      Note may not be assigned or transferred by the Company or the Holder without
      the
      prior written consent of the other party hereto except as set forth in Section
      7
      hereof. Any transfer or assignment in violation of this Section 12 shall be
      void, and the Company shall not recognize such purported transferee as a holder
      of this Note.

    

    *
      * * * *
      *

    

     

    
      
        
        

      

      
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    IN
      WITNESS WHEREOF, the undersigned has duly executed and delivered this Promissory
      Note as of the date first written above.

     

    
       

      
        	 	 	 
	 	NEXCEN
                BRANDS, INC.
	 
 	 
 	 
 
	 	By:  	/s/
                Robert W. D’Loren
	 	Title: 	
                
Chief
                Executive OfficerExhibit
      4.1

     

    NEITHER
      THE SECURITIES REPRESENTED HEREBY NOR THE SECURITIES ISSUABLE UPON THE EXERCISE
      HEREOF HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
      “SECURITIES ACT”), OR ANY STATE SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD,
      PLEDGED, ASSIGNED, OR OTHERWISE TRANSFERRED UNLESS (1) A REGISTRATION STATEMENT
      WITH RESPECT THERETO IS EFFECTIVE UNDER THE SECURITIES ACT AND ANY APPLICABLE
      STATE SECURITIES LAWS, OR (2) THE COMPANY RECEIVES AN OPINION OF COUNSEL TO
      THE
      HOLDER OF THIS WARRANT OR SUCH SECURITIES, WHICH COUNSEL AND OPINION ARE
      REASONABLY SATISFACTORY TO THE COMPANY, THAT THIS WARRANT OR SUCH SECURITIES,
      AS
      APPLICABLE, MAY BE OFFERED, SOLD, PLEDGED, ASSIGNED, OR OTHERWISE TRANSFERRED
      IN
      THE MANNER CONTEMPLATED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT UNDER THE
      SECURITIES ACT
      OR APPLICABLE STATE SECURITIES LAWS.

    

    THE
      TRANSFER OF THIS WARRANT IS RESTRICTED AS DESCRIBED
      HEREIN.

    

    BERLINER
      COMMUNICATIONS, INC.

    

    Common
      Stock Purchase Warrant

    

    
      	
              No.
                DIG-001

            	
              Issue
                Date: February 28, 2007

            

    

    

    THIS
      CERTIFIES that,
      for
      value received, Digital
      Communication Services, Inc. (the
      “Holder”) is entitled to subscribe for, and purchase from, Berliner
      Communications, Inc., a
      Delaware corporation (the “Company”), upon the terms and conditions set forth
      herein, at any time or from time to time during the period commencing on the
      Issue Date and terminating at 5:00 p.m., New York local time, on the third
      anniversary of the Issue Date (the “Exercise
      Period”) up to 500,000
      shares
      (the “Warrant Shares”) of the common stock of the Company, par value $.00002 per
      share (the “Common Stock”). This Warrant is exercisable at an exercise price per
      share (the “Exercise Price”) equal to $0.73;
      provided, however, that upon the occurrence of any of the events specified
      in
      Section 5 hereof, the rights granted by this Warrant, including the number
      of
      shares of Common Stock to be received upon such exercise and the exercise price
      per share, shall be adjusted as therein specified.

    

    Section
      1. Exercise
      of Warrant.

    

    (a)
       This
      Warrant may be exercised during the Exercise Period, either in whole or in
      part,
      by the surrender of this Warrant (with the election at the end hereof duly
      executed) to the Company at its office at 20 Bushes Lane, Elmwood Park, New
      Jersey 07407 Attention: President, or at such other place as is designated
      in
      writing by the Company. In the event of a proposed sale of all or substantially
      all of the Company’s assets or outstanding shares of Common Stock, this Warrant
      may be exercised conditionally subject to the completion of such sale, with
      any
      payment of the Exercise Price being payable on the closing date of such
      sale.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    (b) Payment
      must be made in cash or by certified or official bank check payable to the
      order
      of the Company equal to the applicable aggregate Exercise Price for the number
      of Common Shares specified in such Exercise Notice (as such exercise number
      shall be adjusted to reflect any adjustment in the total number of shares of
      Common Stock issuable to the Holder per the terms of this Warrant) and the
      Holder shall thereupon be entitled to receive the number of duly authorized,
      validly issued, fully-paid and non-assessable shares of Common Stock (or other
      securities) determined as provided herein. 

    

    (c) For
      purposes hereof, the “Fair Market Value” of a share of Common Stock as of a
      particular date (the “Determination Date”) shall mean:

    

    (i) If
      the
      Company’s Common Stock is traded on the American Stock Exchange or another
      national exchange or is quoted on the National or Capital Market of The Nasdaq
      Stock Market, Inc. (“Nasdaq”), then the closing or last sale price,
      respectively, reported for the last business day immediately preceding the
      Determination Date.

    

    (ii) If
      the
      Company’s Common Stock is not traded on the American Stock Exchange or another
      national exchange or on the Nasdaq but is traded on the NASD Over the Counter
      Bulletin Board, then the mean of the average of the closing bid and asked prices
      reported for the last business day immediately preceding the Determination
      Date.

    

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

    

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

    

    Section
      2. Rights
      Upon Exercise: Delivery of Securities.

    

    Upon
      each
      exercise of the Holder’s rights to purchase Warrant Shares, the Holder shall be
      deemed to be the holder of record of the Warrant Shares so purchased,
      notwithstanding that the transfer books of the Company shall then be closed
      or
      certificates representing the Warrant Shares with respect to which this Warrant
      was exercised shall not then have been actually delivered to the Holder. As
      soon
      as practicable after each such exercise of this Warrant, the Company shall
      issue
      and deliver to the Holder a certificate or certificates representing the Warrant
      Shares issuable upon such exercise, registered in the name of the Holder or
      its
      designee. If this Warrant is exercised in part only, the Company shall, upon
      surrender of this Warrant for cancellation, execute and deliver a Warrant
      evidencing the right of the Holder to purchase the balance of the aggregate
      number of Warrant Shares purchasable hereunder as to which this Warrant has
      not
      been exercised or assigned.

     

    
      
        
        

      

      
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    Section
      3. Transfer
      and Exchange.

    

    This
      Warrant shall be transferable on the books of the Company only upon delivery
      thereof duly endorsed by the Holder or by his duly authorized attorney or
      representative, or accompanied by proper evidence of succession, assignment,
      or
      authority to transfer. In all cases of transfer by an attorney, executor,
      administrator, guardian, or other legal representative, duly authenticated
      evidence of his, her, or its authority shall be produced. Any Warrants issued
      upon the permitted transfer or exercise in part of this Warrant shall be
      numbered and shall be registered in a warrant register (the “Warrant Register”)
      as they are issued. The Company shall be entitled to treat the registered holder
      of any Warrant on the Warrant Register as the owner in fact thereof for all
      purposes, and shall not be bound to recognize any equitable or other claim
      to,
      or interest in, such Warrant on the part of any other person, and shall not
      be
      liable for any registration of transfer of Warrants which are registered or
      to
      be registered in the name of a fiduciary or the nominee of a fiduciary unless
      made with the actual knowledge that a fiduciary or nominee is committing a
      breach of trust in requesting such registration of transfer, or with the
      knowledge of such facts that its participation therein amounts to bad faith.
      Upon any registration of transfer, the Company shall deliver a new Warrant
      or
      Warrants to the person entitled thereto. This Warrant may be exchanged, at
      the
      option of the Holder thereof, for another Warrant, or other Warrants of
      different denominations, of like tenor and representing in the aggregate the
      right to purchase a like number of Warrant Shares (or portions thereof), upon
      surrender to the Company or its duly authorized agent. Notwithstanding the
      foregoing, the Company shall have no obligation to cause Warrants to be
      transferred on its books to any person if, in the opinion of counsel to the
      Company, such transfer does not comply with the provisions of the Securities
      Act
      of 1933, as amended (the “Securities Act”) and the rules and regulations
      thereunder.

    

    Section
      4. Reservation
      of Shares.

    

    The
      Company shall at all times reserve and keep available out of its authorized
      and
      unissued Common Stock, solely for the purpose of providing for the exercise
      of
      the Warrants, such number of shares of Common Stock as shall, from time to
      time,
      be sufficient therefor. The Company represents that all shares of Common Stock
      issuable upon exercise of this Warrant are duly authorized and, upon receipt
      by
      the Company of the full payment for such Warrant Shares, will be validly issued,
      fully paid, and nonassessable, and will not be issued in violation of any
      preemptive or similar rights of stockholders.

    

    Section
      5. Antidilution.

    

    (a) In
      the
      event that the Company shall at any time during the Exercise Period: (i) declare
      a dividend on the outstanding Common Stock payable in shares of its capital
      stock; (ii) subdivide the outstanding Common Stock; or (iii) combine the
      outstanding Common Stock into a smaller number of shares; then, in each case,
      the Exercise Price per Warrant Share in effect at the time of the record date
      for the determination of stockholders entitled to receive such dividend or
      distribution or of the effective date of such subdivision or combination shall
      be adjusted so that it shall equal the price determined by multiplying such
      Exercise Price by a fraction, the numerator of which shall be the number of
      shares of Common Stock outstanding immediately prior to such action, and the
      denominator of which shall be the number of shares of Common Stock outstanding
      after giving effect to such action. Such adjustment shall be made successively
      whenever any event listed above shall occur and shall become effective at the
      close of business on such record date or at the close of business on the date
      immediately preceding such effective date, as applicable.

     

    
      
        
        

      

      
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    (b) 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.

    

    (c) In
      any
      case in which this Section 5 shall require that an adjustment in the number
      of
      Warrant Shares be made effective as of a record date for a specified event,
      the
      Company may elect to defer, until the occurrence of such event, issuing to
      the
      Holder, if the Holder exercised this Warrant after such record date, the Warrant
      Shares, if any, issuable upon such exercise over and above the number of Warrant
      Shares issuable upon such exercise on the basis of the number of shares of
      Common Stock in effect prior to such adjustment; provided, however, that the
      Company shall deliver to the Holder a due bill or other appropriate instrument
      evidencing the Holder’s right to receive such additional shares of Common Stock
      upon the occurrence of the event requiring such adjustment.

    

    (d)
       Whenever
      there shall be an adjustment as provided in this Section 5, the Company shall
      within 15 days thereafter cause written notice thereof to be sent by registered
      mail, postage prepaid, to the Holder, at its address as it shall appear in
      the
      Warrant Register, which notice shall be accompanied by an officer’s certificate
      setting forth the number of Warrant Shares issuable and the Exercise Price
      thereof after such adjustment and setting forth a brief statement of the facts
      requiring such adjustment and the computation thereof, which officer’s
      certificate shall be conclusive evidence of the correctness of any such
      adjustment absent manifest error.

    

    (e) Notwithstanding
      anything herein to the contrary, the Company shall not be required to issue
      fractions of shares of Common Stock or other capital stock of the Company upon
      the exercise of this Warrant. If any fraction of a share of Common Stock would
      be issuable on the exercise of this Warrant (or specified portions thereof),
      the
      Company shall pay in lieu of such fraction an amount in cash equal to the same
      fraction of the average closing sale price (or average of the closing bid and
      asked prices, if closing sale price is not available) of Common Stock for the
      10
      trading days ending on and including the date of exercise of this Warrant.
      If
      the Common Stock is not publicly traded, the cash amount of such fraction shall
      be determined in good faith by the Board of Directors of the Company.

    

    (f) No
      adjustment in the Exercise Price per Warrant Share shall be required if such
      adjustment is less than $.01; provided, however, that any adjustments which
      by
      reason of this Section 5 are not required to be made shall be carried forward
      and taken into account in any subsequent adjustment.

    

    (g) Whenever
      the Exercise Price payable upon exercise of this Warrant is adjusted pursuant
      to
      subsection (a) above, the number of Warrant Shares issuable upon exercise of
      this Warrant shall simultaneously be adjusted by multiplying the number of
      Warrant Shares theretofore issuable upon exercise of this Warrant by the
      Exercise Price in effect on the date hereof and dividing the product so obtained
      by the Exercise Price, as adjusted.

     

    
      
        
        

      

      
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    Section
      6. Reclassification;
      Reorganization; Merger.

    

    (a) In
      case
      of any capital reorganization, other than in the cases referred to in Section
      5(a) hereof, or the consolidation or merger of the Company with or into another
      corporation (other than a merger or consolidation in which the Company is the
      continuing corporation and which does not result in any reclassification of
      the
      outstanding shares of Common Stock or the conversion of such outstanding shares
      of Common Stock into shares of other stock or other securities or property),
      or
      in the case of any sale, lease, conveyance or other transfer to another person
      of all or substantially all of the assets of the Company (such actions being
      hereinafter collectively referred to as “Reorganizations”), there shall
      thereafter be deliverable upon exercise of this Warrant (in lieu of the number
      of Warrant Shares theretofore deliverable) the number of shares of stock or
      other securities, cash or other property to which a holder of the respective
      number of Warrant Shares which would otherwise have been deliverable upon the
      exercise of this Warrant would have been entitled upon such Reorganization
      if
      this Warrant had been exercised in full immediately prior to such
      Reorganization. In case of any Reorganization, appropriate adjustment, as
      determined in good faith by the Board of Directors of the Company, shall be
      made
      in the application of the provisions herein set forth with respect to the rights
      and interests of the Holder so that the provisions set forth herein shall
      thereafter be applicable, as nearly as possible, in relation to any shares
      or
      other property thereafter deliverable upon exercise of this Warrant. Any such
      adjustment shall be made by, and be set forth in, a supplemental agreement
      between the Company, or any successor thereto, and the Holder, with respect
      to
      this Warrant, and shall for all purposes hereof conclusively be deemed to be
      an
      appropriate adjustment. The Company shall not effect any such Reorganization
      unless, upon or prior to the consummation thereof, the successor corporation,
      or
      if the Company shall be the surviving corporation in any such Reorganization
      and
      is not the issuer of the shares of stock or other securities or property to
      be
      delivered to holders of shares of the Common Stock outstanding at the effective
      time thereof, then such issuer, shall assume by written instrument the
      obligation to deliver to the Holder such shares of stock, securities, cash,
      or
      other property as such Holder shall be entitled to purchase in accordance with
      the foregoing provisions. In the event of the sale, lease, conveyance or other
      transfer of all or substantially all of the assets of the Company as part of
      a
      plan for liquidation of the Company, all rights to exercise this Warrant shall
      terminate 30 days after the Company gives written notice to the Holder that
      such
      sale, lease, conveyance or other transfer has been consummated.

    

    (b) In
      case
      of any reclassification of the shares of Common Stock issuable upon exercise
      of
      this Warrant (other than a change in par value or from a specified par value
      to
      no par value, or as a result of a subdivision or combination, but including
      any
      change in the shares into two or more classes or series of shares), or in case
      of any consolidation or merger of another corporation into the Company in which
      the Company is the continuing corporation and in which there is a
      reclassification (including a change to the right to receive cash or other
      property) of the shares of Common Stock (other than a change in par value,
      or
      from no par value to a specified par value, or as a result of a subdivision
      or
      combination, but including any change in the shares into two or more classes
      or
      series of shares), the Holder or holders of this Warrant shall have the right
      thereafter to receive upon exercise of this Warrant solely the kind and amount
      of shares of stock and other securities, property, cash, or any combination
      thereof receivable upon such reclassification, change, consolidation, or merger
      by a holder of the number of Warrant Shares for which this Warrant might have
      been exercised immediately prior to such reclassification, change,
      consolidation, or merger. Thereafter, appropriate provision shall be made for
      adjustments which shall be as nearly equivalent as practicable to the
      adjustments in Section 5.

     

    
      
        
        

      

      
        -5-

        
          

        

      

      
        
        

      

    

    

    (c) The
      above
      provisions of this Section 6 shall similarly apply to successive
      reclassifications and changes of shares of Common Stock and to successive
      consolidations, mergers, sales, leases, or conveyances.

    

    Section
      7. Notice
      of Certain Events.

    

    In
      case
      at any time the Company shall propose:

    

    (a) to
      pay
      any dividend or make any distribution on shares of Common Stock in shares of
      Common Stock or make any other distribution (other than regularly scheduled
      cash
      dividends which are not in a greater amount per share than the most recent
      such
      cash dividend) to all holders of Common Stock; 

    

    (b) to
      issue
      any rights, warrants, or other securities to all holders of Common Stock
      entitling them to purchase any additional shares of Common Stock or any other
      rights, warrants, or other securities;

    

    (c) to
      effect
      any reclassification of outstanding shares of Common Stock or any consolidation,
      merger, sale, lease, or conveyance of property, as described in Section
      6;

    

    (d) to
      effect
      any liquidation, dissolution, or winding-up of the Company; or

    

    (e)
        to
      take
      any other action which would cause an adjustment to the Exercise Price per
      Warrant Share;

    

    then,
      and
      in any one or more of such cases, the Company shall give written notice thereof
      by registered mail, postage prepaid, to the Holder at the Holder’s address as it
      shall appear in the Warrant Register, mailed at least 10 days prior to: (i)
      the
      date as of which the holders of record of shares of Common Stock to be entitled
      to receive any such dividend, distribution, rights, warrants, or other
      securities are to be determined; (ii) the date on which any such
      reclassification, consolidation, merger, sale, lease, conveyance of property,
      liquidation, dissolution, or winding-up is expected to become effective and
      the
      date as of which it is expected that holders of record of shares of Common
      Stock
      shall be entitled to exchange their shares for securities, cash or other
      property, if any, deliverable upon such reclassification, consolidation, merger,
      sale, lease, conveyance of property, liquidation, dissolution, or winding-up;
      or
      (iii) the date of such action which would require an adjustment to the Exercise
      Price per Warrant Share. 

     

    
      
        
        

      

      
        -6-

        
          

        

      

      
        
        

      

    

    

    Section
      8. If
      at any
      time after the date hereof the Company shall determine to prepare and file
      with
      the Commission a registration statement relating to an offering for its own
      account or the account of others under the Securities Act of any of its equity
      securities, other than on Form S-4 or Form S-8 (each as promulgated under the
      Securities Act) or their then equivalents relating to equity securities to
      be
      issued solely in connection with any acquisition of any entity or business
      or
      equity securities issuable in connection with stock option or other employee
      benefit plans, then the Company shall send to the Holder written notice of
      such
      determination and, if within fifteen (15) days after receipt of such notice,
      the
      Holder shall so request in writing, the Company shall include in such
      registration statement all or any part of the shares of Common Stock underlying
      this Warrant the Holder requests to be registered, to the extent the Company
      may
      do so without violating registration rights of others which exist as of the
      date
      of this Agreement, subject to customary underwriter cutbacks applicable to
      all
      holders of registration rights and subject to obtaining any required consent
      of
      any selling stockholder(s) to such inclusion under such registration
      statement.

    

    Section
      9. Charges
      and Taxes.

    

    The
      issuance of any shares or other securities upon the exercise of this Warrant
      and
      the delivery of certificates or other instruments representing such shares
      or
      other securities shall be made without charge to the Holder for any tax or
      other
      charge in respect of such issuance. The Company shall not, however, be required
      to pay any tax which may be payable in respect of any transfer involved in
      the
      issue and delivery of any certificate in a name other than that of the Holder
      and the Company shall not be required to issue or deliver any such certificate
      unless and until the person or persons requesting the issue thereof shall have
      paid to the Company the amount of such tax or shall have established to the
      satisfaction of the Company that such tax has been paid.

    

    Section
      10. Compliance
      with Securities Laws.

    

    (a) The
      Holder of this Warrant, by the acceptance hereof, represents and warrants that
      it is acquiring this Warrant and the Warrant Shares issuable upon exercise
      of
      this Warrant for its own account for investment only and not with a view
      towards, or for resale in connection with, the public sale or distribution
      thereof, except pursuant to sales registered or exempted under the Securities
      Act. The Holder further represents, by acceptance hereof, that, as of the date
      hereof, such Holder is an “accredited investor” as such term is defined in Rule
      501(a) of Regulation D promulgated under by the Securities and Exchange
      Commission under the Securities Act.

    

    (b) Until
      sold pursuant to the provisions of Rule 144 or otherwise registered under the
      Securities Act, the Warrant Shares issued on exercise of the Warrants shall
      be
      subject to a stop transfer order and the certificate or certificates
      representing the Warrant Shares shall bear the following legend:

    

    THE
      SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
      ACT
      OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE SECURITIES LAWS AND MAY
      NOT BE OFFERED, SOLD, PLEDGED, ASSIGNED, OR OTHERWISE TRANSFERRED UNLESS (1)
      A
      REGISTRATION STATEMENT WITH RESPECT THERETO IS EFFECTIVE UNDER THE SECURITIES
      ACT AND ANY APPLICABLE STATE SECURITIES LAWS, OR (2) THE COMPANY RECEIVES AN
      OPINION OF COUNSEL TO THE HOLDER OF THE SECURITIES, WHICH COUNSEL AND OPINION
      ARE REASONABLY SATISFACTORY TO THE COMPANY, THAT SUCH SECURITIES MAY BE OFFERED,
      SOLD, PLEDGED, ASSIGNED, OR OTHERWISE TRANSFERRED IN THE MANNER CONTEMPLATED
      WITHOUT AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR
      APPLICABLE STATE SECURITIES LAWS.

     

    
      
        
        

      

      
        -7-

        
          

        

      

      
        
        

      

    

    

    Section
      11.  Loss;
      Theft; Destruction; Mutilation.

    

    Upon
      receipt of evidence satisfactory to the Company of the loss, theft, destruction,
      or mutilation of any Warrant (and upon surrender of any Warrant if mutilated),
      and upon receipt by the Company of reasonably satisfactory indemnification,
      the
      Company shall execute and deliver to the Holder thereof a new Warrant of like
      date, tenor, and denomination.

    

    Section
      12.  Stockholder
      Rights.

    

    The
      Holder of any Warrant shall not have, solely on account of such status, any
      rights of a stockholder of the Company, either at law or in equity, or to any
      notice of meetings of stockholders or of any other proceedings of the Company,
      except as provided in this Warrant.

    

    Section
      13.  Governing
      Law.

    

    This
      Warrant shall be construed in accordance with the laws of the State of New
      Jersey applicable
      to contracts made and performed within such State, without regard to principles
      of conflicts of law.

    

    (This
      space intentionally left blank; signature page follows.)

     

    
      
        
        

      

      
        -8-

        
          

        

      

      
        
        

      

    

    

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

    
      	 	 	 
	 	BERLINER COMMUNICATIONS,
              INC.
	 
 	 
 	 
 
	
            	By:  	/s/
              RICH
               BERLINER
	 	
              
Name:
              Rich Berliner
	 	Title: Chief Executive
              Officer

     

    
      
        
        

      

      
        -9-

        
          

        

      

      
        
        

      

    

    ELECTION
      TO EXERCISE

    

     

    TO: Berliner
      Communications, Inc.

     

    Attention: Chief
      Financial Officer

     

    The
      undersigned, pursuant to the provisions set forth in the attached Warrant
      (No.____), hereby irrevocably elects to purchase ________ shares of the Common
      Stock covered by such Warrant. 

     

    The
      undersigned herewith makes payment of the full Exercise Price for such shares
      at
      the price per share provided for in such Warrant, which is $___________.

     

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

     

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

    
      	 	 	 	 
	
              Dated: 

            	 	 	
            
	
              
                

              

            	 	 	
              

              (Signature
                must conform to name of holder as 

              specified
                on the face of the Warrant)

            
	 	 	 	 
	
            	 	 	
              Address: 

            
	 	 	 	
              
                

              

            
	 	 	 	
              
                

              

            

    

    

     

    
      
        
        

      

      
        -10-

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