Document:

EXECUTION
      VERSION

    Exhibit
      4.3

    CERTIFICATE
      OF DESIGNATION OF THE RELATIVE 

    RIGHTS
      AND PREFERENCES

    OF
      THE

    SERIES
      A CONVERTIBLE PREFERRED STOCK

    OF

    JUMA
      TECHNOLOGY CORP.

    

    The
      undersigned, the Chief Executive Officer of Juma Technology Corp., a Delaware
      corporation (the “Company”),
      in
      accordance with the provisions of the Delaware General Corporation Law, does
      hereby certify that, pursuant to the authority conferred upon the Board of
      Directors by the Certificate of Incorporation of the Company, the following
      resolution creating a series of preferred stock, designated as Series A
      Convertible Preferred Stock, was duly adopted on _______, 2007, as
      follows:

    

    RESOLVED,
      that pursuant to the authority expressly granted to and vested in the Board
      of
      Directors of the Company by provisions of the Certificate of Incorporation
      of
      the Company (the “Certificate
      of Incorporation”),
      there
      hereby is created out of the shares of the Company’s preferred stock, par value
      $0.0001 per share, of the Company authorized in Article
      Fourth
      of the
      Certificate of Incorporation (the “Preferred
      Stock”),
      a
      series of Preferred Stock of the Company, to be named “Series
      A Convertible Preferred Stock,”
      consisting of _______ (_______) shares, which series shall have the following
      designations, powers, preferences and relative and other special rights and
      the
      following qualifications, limitations and restrictions:

    

    1. Designation
      and Rank.
       The designation of such series of the Preferred Stock shall be the Series
      A Convertible Preferred Stock, par value $0.0001 per share (the “Series
      A Preferred Stock”).
      The
      maximum number of shares of Series A Preferred Stock shall be _______ (_______)
      shares. The Series A Preferred Stock shall rank senior to the Company’s common
      stock, par value $0.0001 per share (the “Common
      Stock”),
      and
      to all other classes and series of equity securities of the Company which by
      their terms do not rank senior to the Series A Preferred Stock (“Junior
      Stock”).
       The Series A Preferred Stock shall be subordinate to and rank junior to
      all indebtedness of the Company now or hereafter outstanding.

    

    2. Dividends

    

    (a) Payment
      of Dividends.
       Commencing
      on the date of the initial issuance (the “Issuance
      Date”)
      of the
      Series A Preferred Stock, the holders of record of shares of Series A Preferred
      Stock shall be entitled to receive, out of any assets at the time legally
      available therefor and as declared by the Board of Directors, dividends at
      the
      rate of six percent (6%)
      of
      the stated Liquidation Preference Amount (as defined in Section
      4
      hereof)
      per share per
      annum
      (the
“Dividend
      Payment”),
      and
      no more, payable quarterly (unless converted by the holder pursuant to
Section
      5(a)
      hereof
      prior to the date the applicable Dividend Payment is due) commencing on the
      date
      that is 150 days after the Issuance Date (or, if earlier, the date of
      effectiveness of the registration statement for the Common Stock into which
      the
      Series A Preferred Stock is convertible) and on the last business day of each
      subsequent calendar quarter period. At the option of the Company, Dividend
      Payments may be in cash or registered shares of Common Stock. Upon the payment
      of any dividend on the Series A Preferred Stock in registered shares of Common
      Stock, the number of shares of Common Stock to be issued to the holder shall
      be
      an amount equal to the quotient of (i) the Dividend Payment divided
      by
      (ii) one
      hundred percent (100%) (if freely tradable shares are distributed) and eighty
      percent (80%) (if freely tradable shares are not distributed) of the average
      of
      the VWAP (as defined below) for the five (5) trading days immediately preceding
      the date the Dividend Payment is due; provided,
      however,
      if
      there is no trading volume in the Common Stock at any time during such five
      (5)
      trading day period, the number of shares of Common Stock to be issued to the
      holder shall be an amount equal to the quotient of (x) the Dividend Payment
      divided
      by
      (y) one
      hundred percent (100%)] or eighty percent (80%), as applicable, of the average
      of the Closing Bid Prices (as defined in Section
      5(b)(v))
      for the
      five (5) trading days immediately preceding the date the Dividend Payment is
      due. For purposes hereof, “VWAP”
shall
      mean, for any date, (i) the daily volume weighted average price of the Common
      Stock for such date on the OTC Bulletin Board as reported by Bloomberg Financial
      L.P. (“Bloomberg”)
      (based
      on a trading day from 9:30 a.m. Eastern Time to 4:02 p.m. Eastern Time); (ii)
      if
      the Common Stock is not then listed or quoted on the OTC Bulletin Board and
      if
      prices for the Common Stock are then reported in the “Pink Sheets” published by
      the Pink Sheets, LLC (or a similar organization or agency succeeding to its
      functions of reporting prices), the most recent bid price per share of the
      Common Stock so reported; or (iii) in all other cases, the fair market value
      of
      a share of Common Stock as determined by an independent appraiser selected
      in
      good faith by the Holder and reasonably acceptable to the Company. Any shares
      of
      Common Stock issued as a Dividend Payment shall have piggyback registration
      rights if not otherwise registered pursuant to an effective registration
      statement. Dividends on the Series A Preferred Stock shall be cumulative and
      shall accrue and be payable quarterly. In the case of shares of Series A
      Preferred Stock outstanding for less than a full quarter, dividends shall be
      pro
      rated based on the portion of each quarter during which such shares are
      outstanding. Dividends on the Series A Preferred Stock are prior and in
      preference to any declaration or payment of any Distribution (as defined below)
      on any outstanding shares of Junior Stock. Such dividends shall accrue on each
      share of Series A Preferred Stock from day to day whether or not earned or
      declared so that if such dividends with respect to any previous dividend period
      at the rate provided for herein have not been paid on, or declared and set
      apart
      for, all shares of Series A Preferred Stock at the time outstanding, the
      deficiency shall be fully paid on, or declared and set apart for, such shares
      on
      a pro
      rata
      basis
      with all other equity securities of the Company ranking pari
      passu
      with the
      Series A Preferred Stock as to the payment of dividends before any Distribution
      shall be paid on, or declared and set apart for, Junior Stock.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (b) So
      long
      as any shares of Series A Preferred Stock are outstanding, the Company shall
      not
      declare, pay or set apart for payment any dividend or make any Distribution
      on
      any Junior Stock (other than dividends or Distributions payable in additional
      shares of Junior Stock) or redeem or repurchase any Junior Stock, unless at
      the
      time of such dividend or Distribution the Company shall have paid all accrued
      and unpaid dividends on the outstanding shares of Series A Preferred
      Stock.

    

    (c) In
      the
      event of a dissolution, liquidation or winding up of the Company pursuant to
      Section
      4
      hereof,
      all accrued and unpaid dividends on the Series A Preferred Stock shall be
      payable on the date of payment of the preferential amount to the holders of
      Series A Preferred Stock. In the event of (i) a mandatory redemption pursuant
      to
Section
      9
      hereof
      or (ii) a redemption upon the occurrence of a Major Transaction (as defined
      in
Section
      8(c)
      hereof)
      or a Triggering Event (as defined in Section
      8(d)
      hereof),
      all accrued and unpaid dividends on the Series A Preferred Stock shall be
      payable on the date of such redemption.  In the event of a voluntary
      conversion pursuant to Section
      5(a)
      hereof,
      all accrued and unpaid dividends on the Series A Preferred Stock being converted
      shall be payable on the Voluntary Conversion Date (as defined in Section
      5(b)(i)
      hereof).

    

    (d) For
      purposes hereof, unless the context otherwise requires, “Distribution”
shall
      mean the transfer of cash or property without consideration, whether by way
      of
      dividend or otherwise, payable other than in shares of Common Stock or other
      equity securities of the Company, or the purchase or redemption of shares of
      the
      Company (other than redemptions set forth in Section
      8
      below).

    

    3. Voting
      Rights

    

    (a) General
      Voting
      Rights.
       Except with respect to transactions upon which the Series A Preferred
      Stock shall be entitled to vote pursuant to this Section
      3,
      and
      except as otherwise required under the Delaware General Corporation Law, the
      Series A Preferred Stock shall have no voting rights.  The Common Stock
      into which the Series A Preferred Stock is convertible shall, upon issuance,
      have all of the same voting rights as other issued and outstanding Common Stock
      of the Company, and none of the rights of the Preferred Stock.

     

    
      
        
        

      

      
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    (b) Class
      Voting Rights.
       The Series A Preferred Stock shall have the following class voting rights
      (in addition to the voting rights set forth in Section
      3(a) hereof).
       So long as any shares of the Series A Preferred Stock remain outstanding,
      the Company shall not, without the affirmative vote or consent of the holders
      of
      at least a majority of the shares of the Series A Preferred Stock outstanding
      at
      the time, given in person or by proxy, either in writing or at a meeting at
      which the holders of the Series A Preferred Stock vote separately as a class:
      (i) authorize, create, issue or increase the authorized or issued amount of
      any
      class or series of stock, which shares ranking pari
      passu
      or
      senior to the Series A Preferred Stock, with respect to (A) dividends or
      Distributions or (B) the Distribution of assets on liquidation, dissolution
      or
      winding up; (ii) amend, alter or repeal the provisions of the Series A Preferred
      Stock, whether by merger, consolidation or otherwise, so as to adversely affect
      any right, preference, privilege or voting power of the Series A Preferred
      Stock; provided,
      however,
      that
      any creation and issuance of another series of Junior Stock shall not be deemed
      to adversely affect such rights, preferences, privileges or voting powers;
      (iii)
      repurchase, redeem or pay dividends on, shares of Common Stock or any other
      shares of the Company's Junior Stock, except as otherwise provided herein;
      (iv)
      amend the Certificate of Incorporation or By-Laws of the Company so as to affect
      materially and adversely any right, preference, privilege or voting power of
      the
      Series A Preferred Stock; provided,
      however,
      that
      any creation and issuance of another series of Junior Stock shall not be deemed
      to adversely affect such rights, preferences, privileges or voting powers;
      (v)
      effect any Distribution with respect to Junior Stock other than as permitted
      hereby; (vi) reclassify the Company's outstanding securities; (vii) voluntarily
      file for bankruptcy, liquidate the Company’s assets or make an assignment for
      the benefit of the Company’s creditors; or (viii) materially change the nature
      of the Company’s business.

    

    (c) Approval
      of Acquisitions.
      So long
      as any Preferred Stock remains outstanding, the Company shall not effect, or
      agree to effect, an acquisition or buy out of or with any entity (including
      without limitation the acquisition of a substantial portion of the outstanding
      securities or assets of another entity other than in the ordinary course of
      business), or a consolidation or merger of the Company with or into any other
      corporation or corporations (or other entity or entities), or a sale of all
      or
      substantially all of the assets of the Company, or the effectuation by the
      Company of a transaction or series of related transactions in which more than
      50% of the voting shares of the Company is disposed of or conveyed, without
      providing he holders of the Preferred Stock with ten (10) days’ notice of such
      transaction.

    

    (d) Approval
      of Repurchase and Redemption Rights.
      So long
      as any shares of the Series A Preferred Stock remain outstanding, the Company
      shall neither enter into any agreement to issue, nor issue, any securities
      or
      grants of options not already in existence as of the date hereof that provide
      for the repurchase or redemption of the Common Stock (or amend any such existing
      agreement or instrument to increase the number of shares of the Company’s Common
      Stock subject to repurchase or redemption), without the affirmative vote or
      consent of the holders of at least a majority of the shares of the Series A
      Preferred Stock outstanding at the time given in person or by proxy, either
      in
      writing or at a meeting at which the holders of the Series A Preferred Stock
      vote separately as a class.

    

    4. Liquidation
      Preference

    

    (a) In
      the
      event of the liquidation, dissolution or winding up of the affairs of the
      Company, whether voluntary or involuntary, the holders of shares of Series
      A
      Preferred Stock then outstanding shall be entitled to receive, out of the assets
      of the Company available for Distribution to its stockholders, an amount equal
      to sixty cents ($.60) per share (the “Liquidation
      Preference Amount”)
      of the
      Series A Preferred Stock plus any accrued and unpaid dividends before any
      payment shall be made or any assets distributed to the holders of the Common
      Stock or any other Junior Stock.  If the assets of the Company are not
      sufficient to pay in full the Liquidation Preference Amount plus any accrued
      and
      unpaid dividends payable to the holders of outstanding shares of the Series
      A
      Preferred Stock and any series of Preferred Stock or any other class of stock
      ranking pari
      passu,
      as to
      rights on liquidation, dissolution or winding up, with the Series A Preferred
      Stock, then all of said assets will be distributed among the holders of the
      Series A Preferred Stock and the other classes of stock ranking pari
      passu
      with the
      Series A Preferred Stock, if any, ratably in accordance with the respective
      amounts that would be payable on such shares if all amounts payable thereon
      were
      paid in full.  The liquidation payment with respect to each outstanding
      fractional share of Series A Preferred Stock shall be equal to a ratably
      proportionate amount of the liquidation payment with respect to each outstanding
      share of Series A Preferred Stock.  All payments for which this
Section
      4(a)
      provides
      shall be in cash, property (valued at its fair market value as determined by
      an
      independent appraiser reasonably acceptable to the holders of a majority of
      the
      Series A Preferred Stock) or a combination thereof; provided,
      however,
      that no
      cash shall be paid to holders of Junior Stock unless each holder of the
      outstanding shares of Series A Preferred Stock has been paid in cash the full
      Liquidation Preference Amount plus any accrued and unpaid dividends to which
      such holder is entitled as provided herein.  After payment of the full
      Liquidation Preference Amount plus any accrued and unpaid dividends to which
      each holder is entitled, such holders of shares of Series A Preferred Stock
      will
      not be entitled to any further participation as such in any Distribution of
      the
      assets of the Company.

     

    
      
        
        

      

      
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    (b) A
      consolidation or merger of the Company with or into any other corporation or
      corporations (or other entity or entities), or a sale of all or substantially
      all of the assets of the Company, or the effectuation by the Company of a
      transaction or series of related transactions in which more than 50% of the
      voting shares of the Company is disposed of or conveyed, shall not be deemed
      to
      be a liquidation, dissolution, or winding up within the meaning of this
Section
      4;
      provided that
      the
      Company shall have obtained the approval of the holders of the Series A
      Preferred Shares pursuant to Section
      3(c)
      herein.
 In the event of the merger or consolidation of the Company with or into
      another corporation or corporations (or other entity or entities), the Series
      A
      Preferred Stock shall maintain its relative powers, designations and preferences
      provided for herein and no merger or consolidation shall result which is
      inconsistent therewith.

    

    (c) Written
      notice of any voluntary or involuntary liquidation, dissolution or winding
      up of
      the affairs of the Company, stating a payment date and the place where the
      distributable amounts shall be payable, shall be given by mail, postage prepaid,
      no less than twenty (20) days prior to the payment date stated therein, to
      the
      holders of record of the Series A Preferred Stock at their respective addresses
      as the same shall appear on the books of the Company.

    

    5. Conversion.
       The holder of Series A Preferred Stock shall have the following conversion
      rights (the “Conversion
      Rights”):

    

    (a) Right
      to Convert.
       At any time on or after the Issuance Date, the holder of any such shares
      of Series A Preferred Stock may, at such holder's option, subject to the
      limitations set forth in Section
      7
      herein,
      elect to convert (a “Voluntary
      Conversion”)
      all or
      any portion of the shares of Series A Preferred Stock held by such person into
      a
      number of fully paid and nonassessable shares of Common Stock equal to the
      quotient of (i) the Liquidation Preference Amount of the shares of Series A
      Preferred Stock being converted plus any accrued but unpaid dividends thereon
      divided
      by
      (ii) the
      Conversion Price (as defined in Section
      5(d)
      below)
      in effect as of the date of the delivery by such holder of its notice of
      election to convert (the “Conversion
      Shares”).
       In the event of a notice of redemption of any shares of Series A Preferred
      Stock pursuant to Section
      8
      hereof,
      the Conversion Rights of the shares designated for redemption shall terminate
      at
      the close of business on the last full day preceding the date fixed for
      redemption, unless the redemption price is not paid on such redemption date,
      in
      which case the Conversion Rights for such shares shall continue until such
      price
      is paid in full.  In the event of a liquidation, dissolution or winding up
      of the Company, the Conversion Rights shall terminate at the close of business
      on the last full day preceding the date fixed for the payment of any such
      amounts distributable on such event to the holders of Series A Preferred Stock.
       In the event of such a redemption, the Company shall provide to each
      holder of shares of Series A Preferred Stock notice of such redemption, which
      notice shall (i) be sent at least fifteen (15) days prior to the termination
      of
      the Conversion Rights (or, if the Company obtains lesser notice thereof, then
      as
      promptly as possible after the date that it has obtained notice thereof) and
      (ii) state the amount per share of Series A Preferred Stock that will be paid
      or
      distributed on such redemptions. In the event of such a liquidation, dissolution
      or winding up, the Company shall provide to each holder of shares of Series
      A
      Preferred Stock the notice required under Section
      4(c)
      above.

     

    
      
        
        

      

      
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    (b) Mechanics
      of Voluntary Conversion.
       The Voluntary Conversion of Series A Preferred Stock shall be conducted in
      the following manner:

    

    (i) Holder's
      Delivery Requirements.
       To convert Series A Preferred Stock into full shares of Common Stock on
      any date (the “Voluntary
      Conversion Date”),
      the
      holder thereof shall (A) transmit by facsimile, or otherwise deliver, for
      receipt on or prior to 5:00 p.m., New York time on such date, a copy of a fully
      executed notice of conversion in the form attached hereto as Exhibit
      I
      (the
“Conversion
      Notice”),
      to
      the Company at (631) 270-1105 Attention: Chief Executive Officer, and (B)
      surrender to a common carrier for delivery to the Company as soon as practicable
      following such Voluntary Conversion Date the original certificates representing
      the shares of Series A Preferred Stock being converted (or an indemnification
      undertaking with respect to such shares in the case of their loss, theft or
      destruction) (the “Preferred
      Stock Certificates”)
      and
      the originally executed Conversion Notice.

    

    (ii) Company's
      Response.
       Upon receipt by the Company of a facsimile copy of a Conversion Notice,
      the Company shall immediately send, via facsimile, a confirmation of receipt
      of
      such Conversion Notice to such holder.  Upon receipt by the Company of a
      copy of the fully executed Conversion Notice, the Company or its designated
      transfer agent (the “Transfer
      Agent”),
      as
      applicable, shall, within three (3) business days following the date of receipt
      by the Company of the fully executed Conversion Notice, issue and deliver to
      the
      Depository Trust Company (“DTC”)
      account on the holder’s behalf via the Deposit Withdrawal Agent Commission
      System (“DWAC”)
      as
      specified in the Conversion Notice, registered in the name of the holder or
      its
      designee, for the number of shares of Common Stock to which the holder shall
      be
      entitled.  Notwithstanding the foregoing to the contrary, the Company or
      its Transfer Agent shall only be obligated to issue and deliver the shares
      to
      the DTC on a holder’s behalf via DWAC if such conversion is in connection with a
      sale and the Company and the Transfer Agent are participating in DTC through
      the
      DWAC system.  If the number of shares of Preferred Stock represented by the
      Preferred Stock Certificate(s) submitted for conversion is greater than the
      number of shares of Series A Preferred Stock being converted, then the Company
      shall, as soon as practicable and in no event later than three (3) business
      days
      after receipt of the Preferred Stock Certificate(s) and at the Company's
      expense, issue and deliver to the holder a new Preferred Stock Certificate
      representing the number of shares of Series A Preferred Stock not
      converted.

    

    (iii) Dispute
      Resolution.
       In the case of a dispute as to the arithmetic calculation of the number of
      shares of Common Stock to be issued upon conversion, the Company shall cause
      its
      Transfer Agent to promptly issue to the holder the number of shares of Common
      Stock that is not disputed and shall submit the arithmetic calculations to
      the
      holder via facsimile as soon as possible, but in no event later than two (2)
      business days after receipt of such holder's Conversion Notice.  If such
      holder and the Company are unable to agree upon the arithmetic calculation
      of
      the number of shares of Common Stock to be issued upon such conversion within
      one (1) business day of such disputed arithmetic calculation being submitted
      to
      the holder, then the Company shall within one (1) business day submit via
      facsimile the disputed arithmetic calculation of the number of shares of Common
      Stock to be issued upon such conversion to an
      Independent Appraiser (as defined below) reasonably selected by the holder;
      provided
      that the
      Company shall have ten (10) days after receipt of notice from such holder of
      its
      selection of such firm to object thereto, in which case such holder shall select
      another such firm and the Company shall have no such right of
      objection.
      The
      Company shall cause the Independent
      Appraiser
      to
      perform the calculations and notify the Company and the holder of the results
      no
      later than seventy-two (72) hours from the time it receives the disputed
      calculations.  Such Independent
      Appraiser’s
      calculation shall be binding upon all parties absent manifest error.
 The
      costs
      and expenses of the initial firm selected as Independent Appraiser shall be
      paid
      equally by the Company and the holder and, in the case of an objection by the
      Company, the costs and expenses of the subsequent firm selected as Independent
      Appraiser shall be paid in full by the Company. The
      period of time in which the Company is required to effect conversions (with
      respect to the disputed number of shares) or redemptions under this Certificate
      of Designation shall be tolled with respect to the subject conversion or
      redemption pending resolution of any dispute by the Company made in good faith
      and in accordance with this Section
      5(b)(iii).
      For
      purposes of this Certificate of Designation, the term “Independent
      Appraiser”
shall
      refer to a nationally recognized or major regional investment banking firm
      or
      firm of independent certified public accountants of recognized standing (which
      may be the firm that regularly examines the financial statements of the Company)
      that is regularly engaged in the business of appraising the capital stock or
      assets of corporations or other entities as going concerns, and which is not
      affiliated with either the Company or the holder of any Preferred
      Stock.

     

    
      
        
        

      

      
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    (iv) Record
      Holder.
       The person or persons entitled to receive the shares of Common Stock
      issuable upon a conversion of the Series A Preferred Stock shall be treated
      for
      all purposes as the record holder or holders of such shares of Common Stock
      on
      the Conversion Date.

    

    (v) Company's
      Failure to Timely Convert.
       If within three (3) business days of the Company's receipt of an executed
      copy of the Conversion Notice (so long as the applicable Preferred Stock
      Certificates and original Conversion Notice are received by the Company on
      or
      before such third business day) (the “Delivery
      Date”)
      the
      Transfer Agent shall fail to issue and deliver to a holder the number of shares
      of Common Stock to which such holder is entitled upon such holder's conversion
      of the Series A Preferred Stock or to issue a new Preferred Stock Certificate
      representing the number of shares of Series A Preferred Stock to which such
      holder is entitled pursuant to Section
      5(b)(ii)
      (a
“Conversion
      Failure”),
      in
      addition to all other available remedies which such holder may pursue hereunder
      and under the Series A Convertible Preferred Stock Purchase Agreement (the
      “Purchase
      Agreement”)
      among
      the Company and the initial holders of the Series A Preferred Stock (including
      indemnification pursuant to Section
      6
      thereof), the Company shall pay additional damages to such holder on each
      business day after such third (3rd)
      business day that such conversion is not timely effected in an amount equal
      to
      0.5% of the product of (A) the sum of the number of shares of Common Stock
      not
      issued to the holder on a timely basis pursuant to Section
      5(b)(ii)
      and to
      which such holder is entitled and, in the event the Company has failed to
      deliver a Preferred Stock Certificate to the holder on a timely basis pursuant
      to Section
      5(b)(ii),
      the
      number of shares of Common Stock issuable upon conversion of the shares of
      Series A Preferred Stock represented by such Preferred Stock Certificate, as
      of
      the last possible date which the Company could have issued such Preferred Stock
      Certificate to such holder without violating Section
      5(b)(ii) times
      (B) the
      Closing Bid Price (as defined below) of the Common Stock on the last possible
      date which the Company could have issued such Common Stock and such Preferred
      Stock Certificate, as the case may be, to such holder without violating
Section
      5(b)(ii).
       If the Company fails to pay the additional damages set forth in this
Section
      5(b)(v)
      within
      five (5) business days of the date incurred, then such payment shall bear
      interest at the rate of 2.0% per month (pro rated for partial months) until
      such
      payments are made.  The term “Closing
      Bid Price”
shall
      mean, for any security as of any date, the last closing bid price of such
      security on the OTC Bulletin Board or other principal exchange on which such
      security is traded as reported by Bloomberg, or, if no closing bid price is
      reported for such security by Bloomberg, the last closing trade price of such
      security as reported by Bloomberg, or, if no last closing trade 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 the National
      Quotation Bureau, Inc.  If the Closing Bid Price cannot be calculated for
      such security on such date on any of the foregoing bases, the Closing Bid Price
      of such security on such date shall be the fair market value as mutually
      determined by the Company and the holders of a majority of the outstanding
      shares of Series A Preferred Stock.

     

    
      
        
        

      

      
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    (vi) Buy-In
      Rights.
       In addition to any other rights available to the holders of Series A
      Preferred Stock, if the Company fails to cause its Transfer Agent to transmit
      to
      the holder a certificate or certificates representing the shares of Common
      Stock
      issuable upon conversion of the Series A Preferred Stock on or before the
      Delivery Date, and if after such date the holder is required by its broker
      to
      purchase (in an open market transaction or otherwise) shares of Common Stock
      to
      deliver in satisfaction of a sale by the holder of the shares of Common Stock
      issuable upon conversion of Series A Preferred Stock which the holder
      anticipated receiving upon such conversion (a “Buy-In”),
      then
      the Company shall (1) pay in cash to the holder the amount by which (x) the
      holder’s total purchase price (including brokerage commissions, if any) for the
      shares of Common Stock so purchased exceeds (y) the amount obtained by
      multiplying (A) the number of shares of Common Stock issuable upon conversion
      of
      Series A Preferred Stock that the Company was required to deliver to the holder
      in connection with the conversion at issue times
      (B) the
      price at which the sell order giving rise to such purchase obligation was
      executed, and (2) at the option of the holder, either reinstate the shares
      of
      Series A Preferred Stock and equivalent number of shares of Common Stock for
      which such conversion was not honored or deliver to the holder the number of
      shares of Common Stock that would have been issued had the Company timely
      complied with its conversion and delivery obligations hereunder.  For
      example, if the holder purchases Common Stock having a total purchase price
      of
      $11,000 to cover a Buy-In with respect to an attempted conversion of shares
      of
      Common Stock with an aggregate sale price giving rise to such purchase
      obligation of $10,000, under clause (1) of the immediately preceding sentence
      the Company shall be required to pay to the holder $1,000. The holder shall
      provide the Company written notice indicating the amounts payable to the holder
      in respect of the Buy-In, together with applicable confirmations and other
      evidence reasonably requested by the Company.  Nothing herein shall limit a
      holder’s right to pursue any other remedies available to it hereunder, at law or
      in equity including, without limitation, a decree of specific performance and/or
      injunctive relief with respect to the Company’s failure to timely deliver
      certificates representing shares of Common Stock upon conversion of the Series
      A
      Preferred Stock as required pursuant to the terms hereof.

    

    (c) Intentionally
      Omitted. 

    

    (d) Conversion
      Price.

    

    (i) The
      term
“Conversion
      Price”
shall
      mean $0.60, subject to adjustment under Section
      5(e)
      hereof.
 Notwithstanding any adjustment hereunder, at no time shall the Conversion
      Price be greater than $0.60 per share except if it is adjusted pursuant to
      Section
      5(e)(i).

    

    (ii) Notwithstanding
      anything in the foregoing to the contrary, if during any period (a “Black-out
      Period”),
      a
      holder of Series A Preferred Stock is unable to trade any Common Stock issued
      or
      issuable upon conversion of the Series A Preferred Stock immediately due to
      the
      postponement of filing or delay or suspension of effectiveness of the
      Registration Statement or because the Company has otherwise informed such holder
      of Series A Preferred Stock that an existing prospectus cannot be used at that
      time in the sale or transfer of such Common Stock (provided
      that
      such postponement, delay, suspension or fact that the prospectus cannot be
      used
      is not due to factors solely within the control of the holder of Series A
      Preferred Stock or due to the Company exercising its rights under Section
      3(n)
      of the
      Registration Rights Agreement (as defined in the Purchase Agreement)), such
      holder of Series A Preferred Stock shall have the option but not the obligation
      on any Conversion Date within ten (10) trading days following the expiration
      of
      the Black-out Period of using the Conversion Price applicable on such Conversion
      Date or any Conversion Price selected by such holder of Series A Preferred
      Stock
      that would have been applicable had such Conversion Date been at any earlier
      time during the Black-out Period or within the ten (10) trading days
      thereafter.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    (e) Adjustments
      of Conversion Price.

    

    (i) Stock
      Splits and Combinations.
       If the Company shall at any time or from time to time after the Issuance
      Date, effect a stock split of the outstanding Common Stock, the Conversion
      Price
      shall be proportionately decreased.  If the Company shall at any time or
      from time to time after the Issuance Date, combine the outstanding shares of
      Common Stock, the Conversion Price shall be proportionately increased.  Any
      adjustments under this Section
      5(e)(i)
      shall be
      effective at the close of business on the date the stock split or combination
      becomes effective.

    

    (ii) Certain
      Dividends and Distributions.
       If the Company shall at any time or from time to time after the Issuance
      Date, make or issue or set a record date for the determination of holders of
      Common Stock entitled to receive a dividend or other Distribution payable in
      shares of Common Stock, then, and in each event, the Conversion Price shall
      be
      decreased as of the time of such issuance or, in the event such record date
      shall have been fixed, as of the close of business on such record date, by
      multiplying the Conversion Price then in effect by a fraction: (1) the numerator
      of which shall be the total number of shares of Common Stock issued and
      outstanding immediately prior to the time of such issuance or the close of
      business on such record date; and (2) the denominator of which shall be the
      total number of shares of Common Stock issued and outstanding immediately prior
      to the time of such issuance or the close of business on such record date plus
      the number of shares of Common Stock issuable in payment of such dividend or
      Distribution; provided,
      however,
      that if
      such record date shall have been fixed and such dividend is not fully paid
      or if
      such Distribution is not fully made on the date fixed therefor, the Conversion
      Price shall be adjusted pursuant to this paragraph as of the time of actual
      payment of such dividends or Distributions; and provided
      further, however,
      that no
      such adjustment shall be made if the holders of Series A Preferred Stock
      simultaneously receive (i) a dividend or other Distribution of shares of
      Common Stock in a number equal to the number of shares of Common Stock as they
      would have received if all outstanding shares of Series A Preferred Stock had
      been converted into Common Stock on the date of such event or (ii) a
      dividend or other Distribution of shares of Series A Preferred Stock which
      are
      convertible, as of the date of such event, into such number of shares of Common
      Stock as is equal to the number of additional shares of Common Stock being
      issued with respect to each share of Common Stock in such dividend or
      Distribution.

    

    (iii) Other
      Dividends and Distributions.
       If the Company shall at any time or from time to time after the Issuance
      Date, make or issue or set a record date for the determination of holders of
      Common Stock entitled to receive a dividend or other Distribution payable in
      securities of the Company other than shares of Common Stock, then, and in each
      event, an appropriate revision to the applicable Conversion Price shall be
      made
      and provision shall be made (by adjustments of the Conversion Price or
      otherwise) so that the holders of Series A Preferred Stock shall receive upon
      conversions thereof, in addition to the number of shares of Common Stock
      receivable thereon, the number of securities of the Company which they would
      have received had their Series A Preferred Stock been converted into Common
      Stock on the date of such event and had thereafter, during the period from
      the
      date of such event to and including the Conversion Date, retained such
      securities (together with any Distributions payable thereon during such period),
      giving application to all adjustments called for during such period under this
      Section
      5(e)(iii)
      with
      respect to the rights of the holders of the Series A Preferred Stock;
provided,
      however,
      that if
      such record date shall have been fixed and such dividend is not fully paid
      or if
      such Distribution is not fully made on the date fixed therefor, the Conversion
      Price shall be adjusted pursuant to this paragraph as of the time of actual
      payment of such dividends or Distributions.

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    (iv) Reclassification,
      Exchange or Substitution.
       If the Common Stock issuable upon conversion of the Series A Preferred
      Stock at any time or from time to time after the Issuance Date shall be changed
      to the same or different number of shares of any class or classes of stock,
      whether by reclassification, exchange, substitution or otherwise (other than
      by
      way of a stock split or combination of shares or stock dividends provided for
      in
Sections
      5(e)(i), (ii) and (iii),
      or a
      reorganization, merger, consolidation, or sale of assets provided for in
Section
      5(e)(v)),
      then,
      and in each event, an appropriate revision to the Conversion Price shall be
      made
      and provisions shall be made (by adjustments of the Conversion Price or
      otherwise) so that the holder of each share of Series A Preferred Stock shall
      have the right thereafter to convert such share of Series A Preferred Stock
      into
      the kind and amount of shares of stock and other securities receivable upon
      such
      reclassification, exchange, substitution or other change, by holders of the
      number of shares of Common Stock into which such share of Series A Preferred
      Stock might have been converted immediately prior to such reclassification,
      exchange, substitution or other change, all subject to further adjustment as
      provided herein.

    

    (v) Reorganization,
      Merger, Consolidation or Sales of Assets.
       If at any time or from time to time after the Issuance Date there shall be
      a capital reorganization of the Company (other than by way of a stock split
      or
      combination of shares or stock dividends or Distributions provided for in
Section
      5(e)(i), (ii) and (iii),
      or a
      reclassification, exchange or substitution of shares provided for in
Section
      5(e)(iv)),
      or a
      merger or consolidation of the Company with or into another corporation (or
      other entity) where the holders of outstanding voting securities of the Company
      prior to such merger or consolidation do not own over 50% of the outstanding
      voting securities of the merged or consolidated entity, immediately after such
      merger or consolidation, or the sale of all or substantially all of the
      Company's properties or assets to any other person (an “Organic
      Change”),
      then
      as a part of such Organic Change an appropriate revision to the Conversion
      Price
      shall be made if necessary and provision shall be made if necessary (by
      adjustments of the Conversion Price or otherwise) so that the holder of each
      share of Series A Preferred Stock shall have the right thereafter to convert
      such share of Series A Preferred Stock into the same kind and amount of shares
      of stock and other securities or property of the Company or any successor
      corporation resulting from Organic Change.  In any such case, appropriate
      adjustment shall be made in the application of the provisions of this
Section
      5(e)(v)
      with
      respect to the rights of the holders of the Series A Preferred Stock after
      the
      Organic Change to the end that the provisions of this Section
      5(e)(v) (including
      any adjustment in the Conversion Price then in effect and the number of shares
      of stock or other securities deliverable upon conversion of the Series A
      Preferred Stock) shall be applied after that event in as nearly an equivalent
      manner as may be practicable.

    

    (vi)  Issuance
      of Additional Shares of Common Stock.
      For a
      period of two (2) years following the Issuance Date (“Full
      Ratchet Period”),
      in
      the event the Company shall issue or sell any additional shares of Common Stock
      (otherwise than as provided in the foregoing subsections (i) through (v) of
      this
Section
      5(e)
      or
      pursuant to (X) Common Stock Equivalents (as defined below) granted or issued
      prior to the Issuance Date or (Y) subsection
      (viii)
      below)
      (the “Additional
      Shares of Common Stock”),
      at a
      price per share less than the Conversion Price then in effect, or without
      consideration, then the Conversion Price upon each such issuance shall be
      reduced to a price equal to the consideration per share paid (if any) for such
      Additional Shares of Common Stock.

    

    (vii)  Subsequent
      Issues of Common Stock and Common Stock Equivalents.
      In the
      event the Company shall, at any time following the Full Ratchet Period, issue
      or
      sell any Additional Shares of Common Stock (otherwise than as provided in the
      foregoing subsections (i) through (vi) of this Section
      5(e)),
      at a
      price per share less than the Conversion Price, or without consideration, the
      Conversion Price then in effect upon each such issuance shall be adjusted to
      that price (rounded to the nearest cent) determined by multiplying the
      Conversion Price by a fraction: (1) the numerator of which shall be equal to
      the
      sum of (A) the number of shares of Common Stock outstanding immediately prior
      to
      the issuance of such Additional Shares of Common Stock plus
      (B) the
      number of shares of Common Stock (rounded to the nearest whole share) which
      the
      aggregate consideration for the total number of such Additional Shares of Common
      Stock so issued would purchase at a price per share equal to the then Conversion
      Price, and (2) the denominator of which shall be equal to the number of shares
      of Common Stock outstanding immediately after the issuance of such Additional
      Shares of Common Stock. 

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    (viii)  Issuance
      of Common Stock Equivalents.
       If the Company, at any time after the Issuance Date, shall issue any
      securities convertible into or exchangeable for, directly or indirectly, Common
      Stock (“Convertible
      Securities”),
      other
      than the Series A Preferred Stock, or any rights or warrants or options to
      purchase any such Common Stock or Convertible Securities, shall be issued or
      sold (collectively, the “Common
      Stock Equivalents”)
      and
      the aggregate of the price per share for which Additional Shares of Common
      Stock
      may be issuable thereafter pursuant to such Common Stock Equivalent, plus the
      consideration received by the Company for issuance of such Common Stock
      Equivalent divided
      by
      the
      number of shares of Common Stock issuable pursuant to such Common Stock
      Equivalent (the “Aggregate
      Per Common Share Price”)
      shall
      be less than the Conversion Price, or if, after any such issuance of Common
      Stock Equivalents, the price per share for which Additional Shares of Common
      Stock may be issuable thereafter is amended or adjusted, and such price as
      so
      amended or adjusted shall cause the Aggregate Per Common Share Price to be
      less
      than Conversion Price in effect at the time of such amendment or adjustment,
      then the Conversion Price then in effect shall be adjusted pursuant to
Section (5)(e)(vi)
      or (vii)
      (depending on whether such event shall occur during or following the Full
      Ratchet Period, as the case may be) above assuming that all Additional Shares
      of
      Common Stock have been issued pursuant to the Convertible Securities or Common
      Stock Equivalents for a purchase price equal to the Aggregate Per Common Share
      Price.  No adjustment of the Conversion Price shall be made under this
subsection
      (viii)
      upon the
      issuance of any Convertible Security which is issued pursuant to the exercise
      of
      any warrants or other subscription or purchase rights therefor, if any
      adjustment shall previously have been made upon the issuance of such warrants
      or
      other rights pursuant to this subsection
      (viii).
       No adjustment shall be made to the Conversion Price upon the issuance of
      Common Stock pursuant to the exercise, conversion or exchange of any Convertible
      Security or Common Stock Equivalent where an adjustment to the Conversion Price
      was already made as a result of the issuance or purchase of any Convertible
      Security or Common Stock Equivalent.

    

    (ix) Consideration
      for Stock.
       In case any shares of Common Stock or Convertible Securities other than
      the Series A Preferred Stock, or any rights or warrants or options to purchase
      any such Common Stock or Convertible Securities, shall be issued or sold: (1)
      in
      connection with any merger or consolidation in which the Company is the
      surviving corporation (other than any consolidation or merger in which the
      previously outstanding shares of Common Stock of the Company shall be changed
      to
      or exchanged for the stock or other securities of another corporation or
      entity), the amount of consideration therefore shall be deemed to be the fair
      value, as determined reasonably and in good faith by the Board of Directors
      of
      the Company, of such portion of the assets and business of the nonsurviving
      corporation as such Board may determine to be attributable to such shares of
      Common Stock, Convertible Securities, rights or warrants or options, as the
      case
      may be; or (2)
      in
      the event of any consolidation or merger of the Company in which the Company
      is
      not the surviving corporation or in which the previously outstanding shares
      of
      Common Stock of the Company shall be changed into or exchanged for the stock
      or
      other securities of another corporation
      or
      entity,
      or in
      the event of any sale of all or substantially all of the assets of the Company
      for stock or other securities of any corporation, the Company shall be deemed
      to
      have issued a number of shares of its Common Stock for stock or securities
      or
      other property of the other corporation or entity computed on the basis of
      the
      actual exchange ratio on which the transaction was predicated, and for a
      consideration equal to the fair market value on the date of such transaction
      of
      all such stock or securities or other property of the other corporation.
 If any such calculation results in adjustment of the applicable Conversion
      Price, or the number of shares of Common Stock issuable upon conversion of
      the
      Series A Preferred Stock, the determination of the applicable Conversion Price
      or the number of shares of Common Stock issuable upon conversion of the Series
      A
      Preferred Stock immediately prior to such merger, consolidation or sale, shall
      be made after giving effect to such adjustment of the number of shares of Common
      Stock issuable upon conversion of the Series A Preferred Stock.  In the
      event any consideration received by the Company for any securities consists
      of
      property other than cash, the fair market value thereof at the time of issuance
      or as otherwise applicable shall be as determined in good faith by the Board
      of
      Directors of the Company.  In the event Common Stock is issued with other
      shares or securities or other assets of the Company for consideration which
      covers both, the consideration computed as provided in this Section
      (5)(e)(ix)
      shall be
      allocated among such securities and assets as determined in good faith by the
      Board of Directors of the Company.

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    
 

    (x) Record
      Date.
       In case the Company shall take record of the holders of its Common Stock
      or any other Preferred Stock for the purpose of entitling them to subscribe
      for
      or purchase Common Stock or Convertible Securities, then the date of the issue
      or sale of the shares of Common Stock shall be deemed to be such record
      date.

    

    (xi) Certain
      Issues Excepted.
       Anything herein to the contrary notwithstanding, the Company shall not be
      required to make any adjustment to the Conversion Price upon (i)
      securities issued (other than for cash) in connection with a merger,
      acquisition, or consolidation that do not exceed 25% of the outstanding Common
      Stock of the Issuer as of the date of the Purchase Agreement (such percentage
      subject to adjustment in a manner consistent with the adjustments to the
      Conversion Price contemplated in Section
      5
      hereof)
      and such issuances are determined in the light of the whole transaction to
      which
      they are a part to be in the best interests of the Company, (ii) securities
      issued pursuant to the conversion or exercise of convertible or exercisable
      securities issued or outstanding on or prior to the date of the Purchase
      Agreement or issued pursuant to the Purchase Agreement (so long as the
      conversion or exercise price in such securities are not amended to lower such
      price and/or adversely affect the Holders), (iii) the Conversion Shares, (iv)
      Common
      Stock issued or the issuance or grants of options to purchase Common Stock
      pursuant to the Company’s stock option plans and employee stock purchase plans
      that either (x) exist on the date of the Purchase Agreement, or (y) do not
      exceed ten percent (10%) of the outstanding Common Stock of the Company as
      of
      the date of the Purchase Agreement,
      (v) any
      warrants issued to the placement agent and its designees for the transactions
      contemplated by the Purchase Agreement, and (vi) securities issued in connection
      with bona fide strategic license agreements or other partnering agreements
      so
      long as such issuances are not for the purpose of raising capital which are
      approved by a majority of its independent directors and such issuances are
      determined in the light of the whole transaction to which they are a part to
      be
      in the best interests of the Company.

    

    (f) No
      Impairment.
       The Company shall not, by amendment of its Certificate of Incorporation or
      through any reorganization, transfer of assets, consolidation, merger,
      dissolution, issue or sale of securities or any other voluntary action, avoid
      or
      seek to avoid the observance or performance of any of the terms to be observed
      or performed hereunder by the Company, but will at all times in good faith
      assist in the carrying out of all the provisions of this Section
      5
      and in
      the taking of all such action as may be necessary or appropriate in order to
      protect the Conversion Rights of the holders of the Series A Preferred Stock
      against impairment.  In the event a holder shall elect to convert any
      shares of Series A Preferred Stock as provided herein, the Company cannot refuse
      conversion based on any claim that such holder or any one associated or
      affiliated with such holder has been engaged in any violation of law, unless
      (i)
      an order from the Securities and Exchange Commission prohibits such conversion
      or (ii) an injunction from a court, on notice, restraining and/or adjoining
      conversion of all or of said shares of Series A Preferred Stock shall have
      been
      issued and the Company posts a surety bond for the benefit of such holder in
      an
      amount equal to 100% of the Liquidation Preference Amount of the Series A
      Preferred Stock such holder has elected to convert, which bond shall remain
      in
      effect until the completion of arbitration/litigation of the dispute and the
      proceeds of which shall be payable to such holder in the event it obtains
      judgment.

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    (g) Certificates
      as to Adjustments.
       Upon occurrence of each adjustment or readjustment of the Conversion Price
      or number of shares of Common Stock issuable upon conversion of the Series
      A
      Preferred Stock pursuant to this Section
      5,
      the
      Company at its expense shall promptly compute such adjustment or readjustment
      in
      accordance with the terms hereof and furnish to each holder of such Series
      A
      Preferred Stock a certificate setting forth such adjustment and readjustment,
      showing in detail the facts upon which such adjustment or readjustment is based.
       The Company shall, upon written request of the holder of such affected
      Series A Preferred Stock, at any time, furnish or cause to be furnished to
      such
      holder a like certificate setting forth such adjustments and readjustments,
      the
      Conversion Price in effect at the time, and the number of shares of Common
      Stock
      and the amount, if any, of other securities or property which at the time would
      be received upon the conversion of a share of such Series A Preferred Stock.
       Notwithstanding the foregoing, the Company shall not be obligated to
      deliver a certificate unless such certificate would reflect an increase or
      decrease of at least one percent of such adjusted amount.

    

    (h) Issue
      Taxes.
       The Company shall pay any and all issue and other taxes, excluding
      federal, state or local income taxes, that may be payable in respect of any
      issue or delivery of shares of Common Stock on conversion of shares of Series
      A
      Preferred Stock pursuant hereto; provided,
      however,
      that
      the Company shall not be obligated to pay any transfer taxes resulting from
      any
      transfer requested by any holder in connection with any such
      conversion.

    

    (i) Notices.
       All notices and other communications hereunder shall be in writing and
      shall be deemed given if delivered personally or by facsimile or three (3)
      business days following being mailed by certified or registered mail, postage
      prepaid, return-receipt requested, addressed to the holder of record at its
      address appearing on the books of the Company.  The Company will give
      written notice to each holder of Series A Preferred Stock at least ten (10)
      days
      prior to the date on which the Company closes its books or takes a record (I)
      with respect to any dividend or Distribution upon the Common Stock, (II) with
      respect to any pro
      rata
      subscription offer to holders of Common Stock or (III) for determining rights
      to
      vote with respect to any Organic Change, dissolution, liquidation or winding-up,
      and in no event shall such notice be provided to such holder prior to such
      information being made known to the public.  The Company will also give
      written notice to each holder of Series A Preferred Stock at least ten (10)
      days
      prior to the date on which any Organic Change, dissolution, liquidation or
      winding-up will take place, and in no event shall such notice be provided to
      such holder prior to such information being made known to the
      public.

    

    (j) Fractional
      Shares.
       No fractional shares of Common Stock shall be issued upon conversion of
      the Series A Preferred Stock.  In lieu of any fractional shares to which
      the holder would otherwise be entitled, the Company shall round the number
      of
      shares to be issued upon conversion up to the nearest whole number of
      shares.

    

    (k) Reservation
      of Common Stock.
       The Company shall, so long as any shares of Series A Preferred Stock are
      outstanding, reserve and keep available out of its authorized and unissued
      Common Stock, solely for the purpose of effecting the conversion of the Series
      A
      Preferred Stock, such number of shares of Common Stock equal to at least one
      hundred fifty twenty (120%) of the aggregate number of shares of Common Stock
      as
      shall from time to time be sufficient to effect the conversion of all of the
      Series A Preferred Stock then outstanding.  The
      Company shall, from time to time in accordance with Delaware law, increase
      the
      authorized number of shares of Common Stock if at any time the unissued number
      of authorized shares shall not be sufficient to satisfy the Company’s
      obligations under this Section
      5(k).

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    (l) Regulatory
      Compliance.
       If any shares of Common Stock to be reserved for the purpose of conversion
      of Series A Preferred Stock require registration or listing with or approval
      of
      any governmental authority, stock exchange or other regulatory body under any
      federal or state law or regulation or otherwise before such shares may be
      validly issued or delivered upon conversion, the Company shall, at its sole
      cost
      and expense, in good faith and as expeditiously as possible, endeavor to secure
      such registration, listing or approval, as the case may be.

    

    6. No
      Preemptive Rights.
       Except as provided in Section
      5
      hereof
      and in the Purchase Agreement, no holder of the Series A Preferred Stock shall
      be entitled to rights to subscribe for, purchase or receive any part of any
      new
      or additional shares of any class, whether now or hereinafter authorized, or
      of
      bonds or debentures, or other evidences of indebtedness convertible into or
      exchangeable for shares of any class, but all such new or additional shares
      of
      any class, or any bond, debentures or other evidences of indebtedness
      convertible into or exchangeable for shares, may be issued and disposed of
      by
      the Board of Directors on such terms and for such consideration (to the extent
      permitted by law), and to such person or persons as the Board of Directors
      in
      their absolute discretion may deem advisable.

    

    7. Conversion
      Restriction.
       Notwithstanding anything to the contrary set forth in Section
      5
      of this
      Certificate of Designation, at no time may a holder of shares of Series A
      Preferred Stock convert shares of the Series A Preferred Stock if the number
      of
      shares of Common Stock to be issued pursuant to such conversion would cause
      the
      number of shares of Common Stock owned by such  holder at such time to
      exceed, when aggregated with all other shares of Common Stock owned by such
      holder at such time, the number of shares of Common Stock which would result
      in
      such holder beneficially owning (as determined in accordance with Section 13(d)
      of the Securities Exchange Act of 1934, as amended, and the rules thereunder)
      in
      excess of 4.99% of the then issued and outstanding shares of Common Stock
      outstanding at such time; provided,
      however,
      that
      upon a holder of Series A Preferred Stock providing the Company with sixty-one
      (61) days notice (pursuant to Section
      5(i)
      hereof)
      (the “Waiver
      Notice”)
      that
      such holder would like to waive this Section
      7
      of this
      Certificate of Designation with regard to any or all shares of Common Stock
      issuable upon conversion of Series A Preferred Stock, this Section
      7 shall
      be
      of no force or effect with regard to those shares of Series A Preferred Stock
      referenced in the Waiver Notice.

    

    8. Redemption

    

    (a) Redemption
      Option Upon Major Transaction.
       In addition to all other rights of the holders of Series A Preferred Stock
      contained herein, simultaneous with the occurrence of a Major Transaction (as
      defined below), each holder of Series A Preferred Stock shall have the right,
      at
      such holder's option, to require the Company to redeem all or a portion of
      such
      holder's shares of Series A Preferred Stock at a price per share of Series
      A
      Preferred Stock equal to one hundred percent (100%) of the Liquidation
      Preference Amount, plus any accrued but unpaid dividends and liquidated damages
      (the “Major
      Transaction Redemption Price”).
      In
      such event, the holder shall have the sole option to require the Company to
      pay
      the Major Transaction Redemption Price either in cash or shares of Common Stock.
       If the holder elects to receive the Major Transaction Redemption Price in
      shares of Common Stock, the price per share shall be based upon the Conversion
      Price then
      in
      effect on the day preceding the date of delivery of the Notice of Redemption
      at
      Option of Buyer Upon Major Transaction (as hereafter defined) and the holder
      of
      such shares of Common Stock shall have piggyback registration rights with
      respect to such shares. 

     

    (b) Redemption
      Option Upon Triggering Event.
       In addition to all other rights of the holders of Series A Preferred Stock
      contained herein, after a Triggering Event (as defined below), each holder
      of
      Series A Preferred Stock shall have the right, at such holder's option, to
      require the Company to redeem all or a portion of such holder's shares of Series
      A Preferred Stock at a price per share of Series A Preferred Stock equal to
      one
      hundred percent (100%) of the Liquidation Preference Amount, plus any accrued
      but unpaid dividends and liquidated damages (the “Triggering
      Event Redemption Price”;
      and,
      collectively with the Major Transaction Redemption Price, the “Redemption
      Price”).
      In
      such event, the holder shall have the sole option to require the Company to
      pay
      the Triggering Event Redemption Price either in cash or shares of Common Stock.
       If the holder elects to receive the Triggering Event Redemption Price in
      shares of Common Stock in accordance with this Section
      8(b),
      the
      price per share shall be based upon the Conversion Price then
      in
      effect on the day preceding the date of delivery of the Notice of Redemption
      at
      Option of Buyer Upon Triggering Event (as hereafter defined) and the holder
      of
      such shares of Common Stock shall have piggyback registration rights with
      respect to such shares.

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

    (c) Major
      Transaction.
 A
      “Major
      Transaction”
shall
      be deemed to have occurred at such time as any of the following
      events:

    

    (i) the
      consolidation, merger or other business combination of the Company with or
      into
      another person (other than (A) pursuant to a migratory merger effected solely
      for the purpose of changing the jurisdiction of incorporation of the Company
      or
      (B) a consolidation, merger or other business combination in which holders
      of
      the Company's voting power immediately prior to the transaction continue after
      the transaction to hold, directly or indirectly, the voting power of the
      surviving entity or entities necessary to elect a majority of the members of
      the
      board of directors (or their equivalent if other than a corporation) of such
      entity or entities).

    

    (ii) the
      sale
      or transfer of more than 50% of the Company's assets other than inventory in
      the
      ordinary course of business in one or a related series of transactions;
      or

    

    (iii) closing
      of a purchase, tender or exchange offer made to the holders of more than fifty
      percent (50%) of the outstanding shares of Common Stock in which more than
      fifty
      percent (50%) of the outstanding shares of Common Stock were tendered and
      accepted.

    

    (iv)
       a
      change
      in more than fifty percent (50%) of the current members of the Company’s Board
      of Directors as of the Issuance Date.

    

    (d) Triggering
      Event.
 A
      “Triggering
      Event”
shall
      be deemed to have occurred at such time as any of the following
      events:

    

    (i) so
      long
      as any shares of Series A Preferred Stock are outstanding, the effectiveness
      of
      the Registration Statement, after it becomes effective, (i) lapses for any
      reason (including, without limitation, the issuance of a stop order) and such
      lapse continues for a period of twenty (20) consecutive trading days, or (ii)
      is
      unavailable to the holder of the Series A Preferred Stock for sale of the shares
      of Common Stock, and such lapse or unavailability continues for a period of
      twenty (20) consecutive trading days, and the shares of Common Stock into which
      such holder's Series A Preferred Stock can be converted cannot be sold in the
      public securities market pursuant to Rule 144(k); provided
      that the
      cause of such lapse or unavailability is not due to factors primarily within
      the
      control of such holder of Series A Preferred Stock; and further
      provided
      that a
      Triggering Event shall not have occurred if an to the extent the Company has
      exercised its rights set forth in Section 3(n) of the Registration Rights
      Agreement between the Holders and the Company. 

    

    (ii) the
      suspension from listing, without subsequent listing on any one of, or the
      failure of the Common Stock to be listed on at least one of, the OTC Bulletin
      Board, the Nasdaq National Market, the Nasdaq Capital Market, the New York
      Stock
      Exchange, Inc. or the American Stock Exchange, Inc., for a period of ten (10)
      consecutive trading days;

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

     

    (iii) the
      Company's notice to any holder of Series A Preferred Stock, including by way
      of
      public announcement, at any time, of its inability to comply (including for
      any
      of the reasons described in Section
      9)
      or its
      intention not to comply with proper requests for conversion of any Series A
      Preferred Stock into shares of Common Stock; 

    

    (iv) the
      Company's failure to comply with a Conversion Notice tendered in accordance
      with
      the provisions of this Certificate of Designation within five (5) business
      days
      after the receipt by the Company of the Conversion Notice and the Preferred
      Stock Certificates; 

    

    (v) the
      Company deregisters its shares of Common Stock and as a result such shares
      of
      Common Stock are no longer publicly traded; 

    

    (vi) the
      Company consummates a “going private” transaction and as a result the Common
      Stock is no longer registered under Sections 12(b) or 12(g) of the Securities
      Exchange Act of 1934, as amended; or

    

    (vii) the
      Company breaches any representation, warranty, covenant or other term or
      condition of the Purchase Agreement, this Certificate of Designation or any
      other agreement, document, certificate or other instrument delivered in
      connection with the transactions contemplated thereby or hereby, except to
      the
      extent that such breach would not have a Material Adverse Effect (as defined
      in
      the Purchase Agreement) and except, in the case of a breach of a covenant which
      is curable, only if such breach continues for a period of a least twenty (20)
      business days. 

    

    (e) Mechanics
      of Redemption at Option of Holder Upon Major Transaction.
       No sooner than fifteen (15) days nor later than ten (10) days prior to the
      consummation of a Major Transaction, but in no event prior to the public
      announcement of such Major Transaction, the Company shall deliver written notice
      thereof via facsimile and overnight courier (“Notice
      of Major Transaction”)
      to
      each holder of Series A Preferred Stock.  At any time after receipt of a
      Notice of Major Transaction (or, in the event a Notice of Major Transaction
      is
      not delivered at least ten (10) days prior to a Major Transaction, at any time
      during the ten (10) day period prior to a Major Transaction), the holder of
      Series A Preferred Stock then outstanding may require the Company to redeem,
      effective immediately prior to the consummation of such Major Transaction,
      all
      or any portion of the holder's Series A Preferred Stock then outstanding by
      delivering written notice thereof via facsimile,
      and
      overnight courier (“Notice
      of Redemption at Option of Holder Upon Major
      Transaction”)
      to the
      Company, which Notice of Redemption at Option of Holder Upon Major Transaction
      shall indicate (i) the number of shares of Series A Preferred Stock that such
      holder is electing to redeem and (ii) the applicable Major Transaction
      Redemption Price, as calculated pursuant to Section
      8(a)
      above.

    

    (f) Mechanics
      of Redemption at Option of Holder Upon Triggering Event.
       Within three (3) business days after the Company obtains knowledge of the
      occurrence of a Triggering Event, the Company shall deliver written notice
      thereof via facsimile and overnight courier (“Notice
      of Triggering Event”)
      to
      each holder of Series A Preferred Stock.  At any time after the earlier of
      a holder's receipt of a Notice of Triggering Event and such holder becoming
      aware of a Triggering Event, any holder of Series A Preferred Stock then
      outstanding may require the Company to redeem all or a portion of the Series
      A
      Preferred Stock by delivering written notice thereof via facsimile and overnight
      courier (“Notice
      of Redemption at Option of Holder Upon Triggering Event”)
      to the
      Company, which Notice of Redemption at Option of Holder Upon Triggering Event
      shall indicate (i) the number of shares of Series A Preferred Stock that such
      holder is electing to redeem and (ii) the applicable Triggering Event Redemption
      Price, as calculated pursuant to Section
      8(b)
      above.
      The Holder shall only be permitted to require the Company to redeem the Series
      A
      Preferred Stock pursuant to this Section for the greater of a period of ten
      (10)
      days after receipt by the Holder of a Notice of Triggering Event or for so
      long
      as such Triggering Event is continuing. 

     

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

     

    (g) Payment
      of Redemption Price.
       Upon the Company's receipt of a Notice(s) of Redemption at Option of
      Holder Upon Triggering Event or a Notice(s) of Redemption at Option of Holder
      Upon Major Transaction from any holder of Series A Preferred Stock, the Company
      shall immediately notify each holder of Series A Preferred Stock by facsimile
      within two (2) business days of the Company's receipt of such Notice(s) of
      Redemption at Option of Holder Upon Triggering Event or Notice(s) of Redemption
      at Option of Buyer Upon Major Transaction and each holder which has sent such
      a
      notice shall promptly thereafter submit to the Company such holder's Preferred
      Stock Certificates which such holder has elected to have redeemed.  In
      connection therewith, the holder shall have the sole option to require the
      Company to pay the Redemption Price either in cash or shares of Common Stock
      in
      accordance with Sections
      8(a) and (b)
      and
Section
      9
      of this
      Certificate of Designation. The Company shall deliver the applicable Major
      Transaction Redemption Price immediately prior to the consummation of the Major
      Transaction; provided
      that a
      holder's Preferred Stock Certificates shall have been so delivered to the
      Company; provided
      further
      that if
      the Company is unable to redeem all of the Series A Preferred Stock to be
      redeemed, the Company shall redeem an amount from each holder of Series A
      Preferred Stock being redeemed equal to such holder's pro-rata amount of all
      Series A Preferred Stock being redeemed.  If the Company shall fail to
      redeem all of the Series A Preferred Stock submitted for redemption (other
      than
      pursuant to a dispute as to the arithmetic calculation of the Redemption Price),
      in addition to any remedy such holder of Series A Preferred Stock may have
      under
      this Certificate of Designation and the Purchase Agreement, the applicable
      Redemption Price payable in respect of such unredeemed Series A Preferred Stock
      shall bear interest at the rate of 2.0% per month (prorated for partial months)
      until paid in full.  Until the Company pays such unpaid applicable
      Redemption Price in full to a holder of shares of Series A Preferred Stock
      submitted for redemption, such holder shall have the option (the “Void
      Optional Redemption Option”)
      to, in
      lieu of redemption, require the Company to promptly return to such holder(s)
      all
      of the shares of Series A Preferred Stock that were submitted for redemption
      by
      such holder(s) under this Section
      8
      and for
      which the applicable Redemption Price has not been paid, by sending written
      notice thereof to the Company via facsimile (the “Void
      Optional Redemption Notice”).
       Upon the Company's receipt of such Void Optional Redemption Notice(s) and
      prior to payment of the full applicable Redemption Price to such holder, (i)
      the
      Notice(s) of Redemption at Option of Buyer Upon Major Transaction or
Notice
      of
      Redemption at Option of Buyer Upon Triggering
      Event shall be null and void with respect to those shares of Series A Preferred
      Stock submitted for redemption and for which the applicable Redemption Price
      has
      not been paid and (ii) the Company shall immediately return any Series A
      Preferred Stock submitted to the Company by each holder for redemption under
      this Section
      8(d)
      and for
      which the applicable Redemption Price has not been paid and (iii) the Conversion
      Price of such returned shares of Series A Preferred Stock shall be adjusted
      to
      the lesser of (A) the Conversion Price and (B) the lowest Closing Bid Price
      during the period beginning on the date on which the Notice(s) of Redemption
      at
      Option of Buyer Upon Major Transaction or Notice
      of
      Redemption at Option of Buyer Upon Triggering
      Event is delivered to the Company and ending on the date on which the Void
      Optional Redemption Notice(s) is delivered to the Company; provided
      that no
      adjustment shall be made if such adjustment would result in an increase of
      the
      Conversion Price then in effect.  A holder's delivery of a Void Optional
      Redemption Notice and exercise of its rights following such notice shall not
      effect the Company's obligations to make any payments which have accrued prior
      to the date of such notice other than interest payments.  Payments provided
      for in this Section
      8
      shall
      have priority to payments to other stockholders in connection with a Major
      Transaction or Triggering Event.

    

    (h) Piggyback
      Registration Rights.
       If the Redemption Price upon the occurrence of a Major Transaction or a
      Triggering Event is paid in shares of Common Stock and such shares have not
      been
      previously registered on a registration statement under the Securities Act,
      a
      holder of Series A Preferred Stock may make a written request for registration
      under the Securities Act pursuant to this Section
      8(h)
      of all
      of its shares of Common Stock issued upon such Major Transaction or Triggering
      Event pursuant to piggyback registration rights.  At any time when there is
      not an effective Registration Statement covering such shares and 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, the Company shall
      send to each Holder of such shares written notice of such determination and,
      if
      within thirty (30) days after receipt of such notice, or within such shorter
      period of time as may be specified by the Company in such written notice as
      may
      be necessary for the Company to comply with its obligations with respect to
      the
      timing of the filing of such registration statement, any such Holder shall
      so
      request in writing, the Company will cause the registration under the Securities
      Act of all such shares which the Company has been so requested to register
      by
      the Holder, to the extent requisite to permit the disposition of the registrable
      securities so to be registered; provided
      that if
      at any time after giving written notice of its intention to register any
      securities and prior to the effective date of the registration statement filed
      in connection with such registration, the Company shall determine for any reason
      not to register or to delay registration of such securities, the Company may,
      at
      its election, give written notice of such determination to such Holder and,
      thereupon, (i) in the case of a determination not to register, shall be relieved
      of its obligation to register any registrable securities in connection with
      such
      registration and (ii) in the case of a determination to delay registering,
      shall
      be permitted to delay registering any registrable securities being registered
      pursuant to this Section
      8(h)
      for the
      same period as the delay in registering such other securities. The Company
      shall
      include in such registration statement all or any part of such registrable
      securities such Holder requests to be registered; provided,
      however,
      that
      the Company shall not be required to register any Registrable Securities
      pursuant to this Section
      8(h)
      that are
      eligible for sale pursuant to Rule 144(k) of the Securities Act. 

     

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

     

    9. Inability
      to Fully Convert

    

    (a) Holder's
      Option if Company Cannot Fully Convert.
       If, upon the Company's receipt of a Conversion Notice or on the Mandatory
      Conversion Date, the Company cannot issue shares of Common Stock registered
      for
      resale under the Registration Statement for any reason, including, without
      limitation, because the Company (w) does not have a sufficient number of shares
      of Common Stock authorized and available, (x) is otherwise prohibited by
      applicable law or by the rules or regulations of any stock exchange, interdealer
      quotation system or other self-regulatory organization with jurisdiction over
      the Company or its securities from issuing
      all of the Common Stock which is to be issued to a holder of Series A Preferred
      Stock pursuant to a Conversion Notice or (y) subsequent to the effective date
      of
      the Registration Statement, fails to have a sufficient number of shares of
      Common Stock registered for resale under the Registration Statement, then the
      Company shall issue as many shares of Common Stock as it is able to issue in
      accordance with such holder's Conversion Notice and pursuant to Section
      5(b)(ii)
      above
      and, with respect to the unconverted Series A Preferred Stock, the holder,
      solely at such holder's option, can elect, within five (5) business days after
      receipt of notice from the Company thereof to:

    

    (i) require
      the Company to redeem from such holder those Series A Preferred Stock for which
      the Company is unable to issue Common Stock in accordance with such holder's
      Conversion Notice (“Mandatory
      Redemption”)
      at a
      price per share equal to the Major Transaction Redemption Price as of such
      Conversion Date (the “Mandatory
      Redemption Price”).
      In
      such
      event, the holder shall have the sole option to require the Company to
      pay
      the
      Mandatory Redemption Price either in cash or shares of Common
      Stock;

     

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

     

    (ii) if
      the
      Company's inability to fully convert Series A Preferred Stock is pursuant to
      Section
      9(a)(y)
      above,
      require the Company to issue restricted shares of Common Stock in accordance
      with such holder's Conversion Notice and pursuant to Section
      5(b)(ii)
      above;

    

    (iii) void
      its
      Conversion Notice and retain or have returned, as the case may be, the shares
      of
      Series A Preferred Stock that were to be converted pursuant to such holder's
      Conversion Notice (provided
      that a
      holder's voiding its Conversion Notice shall not effect the Company's
      obligations to make any payments which have accrued prior to the date of such
      notice); or

    

    (iv) exercise
      its Buy-In rights pursuant to and in accordance with the terms and provisions
      of
Section
      5(b)(vi)
      hereof.

    

    (b) Mechanics
      of Fulfilling Holder's Election.
       Upon receipt of a facsimile copy of a Conversion Notice from such holder
      which cannot be fully satisfied as described in Section
      9(a)
      above,
      the Company shall within two (2) Trading Days send via facsimile to the Holder
      a
      notice of the Company's inability to fully satisfy such holder's Conversion
      Notice (the “Inability
      to Fully Convert Notice”).
       Such Inability to Fully Convert Notice shall indicate (i) the reason why
      the Company is unable to fully satisfy such holder's Conversion Notice, (ii)
      the
      number of Series A Preferred Stock which cannot be converted and (iii) the
      applicable Mandatory Redemption Price.  Such holder shall notify the
      Company of its election pursuant to Section
      9(a)
      above by
      delivering written notice via facsimile to the Company (“Notice
      in Response to Inability to Convert”).

    

    (c) Payment
      of Redemption Price.
       If such holder shall elect to have its shares redeemed pursuant to
Section
      9(a)(i)
      above,
      the Company shall pay the Mandatory Redemption Price to such holder within
      thirty (30) days of the Company's receipt of the holder's Notice in Response
      to
      Inability to Convert; provided
      that
      prior to the Company's receipt of the holder's Notice in Response to Inability
      to Convert the Company has not delivered a notice to such holder stating,
      to the satisfaction of the holder, that the event or condition resulting in
      the
      Mandatory Redemption has been cured and all Conversion Shares issuable to such
      holder can and will be delivered to the holder in accordance with the terms
      of
Section
      5(b)(ii).
       If the Company shall fail to pay the applicable Mandatory Redemption Price
      to such holder on a timely basis as described in this Section
      9(c)
      (other
      than pursuant to a dispute as to the determination of the arithmetic calculation
      of the Redemption Price), in addition to any remedy such holder of Series A
      Preferred Stock may have under this Certificate of Designation and the Purchase
      Agreement, such unpaid amount shall bear interest at the rate of 2.0% per month
      (prorated for partial months) until paid in full.  Until the full Mandatory
      Redemption Price is paid in full to such holder, such holder may (i) void the
      Mandatory Redemption with respect to those Series A Preferred Stock for which
      the full Mandatory Redemption Price has not been paid, (ii) receive back such
      Series A Preferred Stock, and (iii) require that the Conversion Price of such
      returned Series A Preferred Stock be adjusted to the lesser of (A) the
      Conversion Price and (B) the lowest Closing Bid Price during the period
      beginning on the Conversion Date and ending on the date the holder voided the
      Mandatory Redemption.

    

    (d) Pro-rata
      Conversion and Redemption.
       In the event the Company receives a Conversion Notice from more than one
      holder of Series A Preferred Stock on the same day and the Company can convert
      and redeem some, but not all, of the Series A Preferred Stock pursuant to this
      Section
      9,
      the
      Company shall convert and redeem from each holder of Series A Preferred Stock
      electing to have Series A Preferred Stock converted and redeemed at such time
      an
      amount equal to such holder's pro-rata amount of all shares of Series A
      Preferred Stock being converted and redeemed at such time.

    

    10. Vote
      to Change the Terms of or Issue Preferred Stock.
       The affirmative vote at a meeting duly called for such purpose or the
      written consent without a meeting, of the holders of not less than a majority
      of
      the then outstanding shares of Series A Preferred Stock (in addition to any
      other corporate approvals then required to effect such action), shall be
      required (a) for any change to this Certificate of Designation or the Company's
      Certificate of Incorporation which would amend, alter, change or repeal any
      of
      the powers, designations, preferences and rights of the Series A Preferred
      Stock
      or (b) for the issuance of shares of Series A Preferred Stock other than
      pursuant to the Purchase Agreement.

     

    
      
        
        

      

      
        18

        
          

        

      

      
        
        

      

    

     

    11. Lost
      or Stolen Certificates.
       Upon receipt by the Company of evidence satisfactory to the Company of the
      loss, theft, destruction or mutilation of any Preferred Stock Certificates
      representing the shares of Series A Preferred Stock, and, in the case of loss,
      theft or destruction, of any indemnification undertaking by the holder to the
      Company and, in the case of mutilation, upon surrender and cancellation of
      the
      Preferred Stock Certificate(s), the Company shall execute and deliver new
      preferred stock certificate(s) of like tenor and date; provided,
      however,
      that
      the Company shall not be obligated to re-issue Preferred Stock Certificates
      if
      the holder contemporaneously requests the Company to convert such shares of
      Series A Preferred Stock into Common Stock.

    

    12. Remedies,
      Characterizations, Other Obligations, Breaches and Injunctive
      Relief.
       The remedies provided in this Certificate of Designation shall be
      cumulative and in addition to all
      other
      remedies available under this Certificate of Designation, at law or in equity
      (including a decree of specific performance and/or other injunctive relief);
      no
      remedy contained herein shall be deemed a waiver of compliance with the
      provisions giving rise to such remedy and nothing herein shall limit a holder's
      right to pursue actual damages for any failure by the Company to comply with
      the
      terms of this Certificate of Designation.  Amounts set forth or provided
      for herein with respect to payments, conversion and the like (and the
      computation thereof) shall be the amounts to be received by the holder thereof
      and shall not, except as expressly provided herein, be subject to any other
      obligation of the Company (or the performance thereof).  The Company
      acknowledges that a breach by it of its obligations hereunder will cause
      irreparable harm to the holders of the Series A Preferred Stock and that the
      remedy at law for any such breach may be inadequate.  The Company therefore
      agrees that, in the event of any such breach or threatened breach, the holders
      of the Series A Preferred Stock shall be entitled, in addition to all other
      available remedies, to an injunction restraining any breach, without the
      necessity of showing economic loss and without any bond or other security being
      required.

    

    13. Specific
      Shall Not Limit General; Construction.
       No specific provision contained in this Certificate of Designation shall
      limit or modify any more general provision contained herein.  This
      Certificate of Designation shall be deemed to be jointly drafted by the Company
      and all initial purchasers of the Series A Preferred Stock and shall not be
      construed against any person as the drafter hereof.

    

    14. Failure
      or Indulgence Not Waiver.
       No failure or delay on the part of a holder of Series A Preferred Stock in
      the exercise of any power, right or privilege hereunder shall operate as a
      waiver thereof, nor shall any single or partial exercise of any such power,
      right or privilege preclude other or further exercise thereof or of any other
      right, power or privilege.

    

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      of page intentionally left blank]

     

    
      
        
        

      

      
        19

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF, the undersigned has executed and subscribed this Certificate
      and does affirm the foregoing as true this ____day of _______,
      2007.

    

    
      	 	 	 
	 	JUMA
              TECHNOLOGY CORP. 
	 
 	 
 	 
 
	
            	By:  	
            
	 	
              
Name:
	 	Title:

    

    

    
      
        
        

      

      
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    EXHIBIT
      I

    CONVERSION
      NOTICE

    JUMA
      TECHNOLOGY CORP.

    

    Reference
      is made to the Certificate of Designation of the Relative Rights and Preferences
      of the Series A Convertible Preferred Stock of Juma Technology Corp. (the
“Certificate
      of Designation”).
      In
      accordance with and pursuant to the Certificate of Designation, the undersigned
      hereby elects to convert the number of shares of Series A Convertible Preferred
      Stock, par value $0.0001 per share (the “Preferred
      Shares”),
      of
      Juma Technology Corp., a Delaware corporation (the “Company”),
      indicated below into shares of Common Stock, par value $0.0001 per share (the
      “Common
      Stock”),
      of
      the Company, by tendering the stock certificate(s) representing the share(s)
      of
      Preferred Shares specified below as of the date specified below.

    

    Date
      of
      Conversion: _______________________________________________

    Number
      of
      Preferred Shares to be converted:
      _______________________________________________

    Stock
      certificate no(s). of Preferred Shares to be converted:
      ____________________________________

    The
      Common Stock have been sold pursuant to the Registration Statement 

    (as
      defined in the
      Registration Rights Agreement): YES o 
      NO o.

    

    Please
      confirm the following information:

     

    Conversion
      Price: _______________________________________________ 

    Number
      of
      shares of Common Stock to be issued:
      _______________________________________________

    Number
      of
      shares of Common Stock beneficially owned or deemed beneficially owned by the
      

    Holder
      on
      the Date of
      Conversion: _______________________________________________________

     

    Please
      issue the Common Stock into which the Preferred Shares are being converted
      and,
      if applicable, any check drawn on an account of the Company in the following
      name and to the following address:

     

    
      	
              Issue
                to: 

            	_______________________________
	
               

            	
              _______________________________

              Facsimile
                No.: ______________________

                      

            
	
               

              Authorization: _______________________________       

            
	 
	 	
              By:_______________________________      

              Title: _______________________________      

              Dated: _______________________________

                  

            
	 	 

    

     

    
      
        
        

      

      
        21EXECUTION
      VERSION

    Exhibit
      4.4

    

    THIS
      WARRANT AND THE SHARES OF COMMON STOCK ISSUABLE UPON EXERCISE HEREOF HAVE NOT
      BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES
      ACT") OR ANY STATE SECURITIES LAWS AND MAY NOT BE SOLD, TRANSFERRED OR OTHERWISE
      DISPOSED OF UNLESS REGISTERED UNDER THE SECURITIES ACT AND UNDER APPLICABLE
      STATE SECURITIES LAWS OR THE ISSUER SHALL HAVE RECEIVED AN OPINION OF COUNSEL
      REASONABLY SATISFACTORY TO THE ISSUER THAT REGISTRATION OF SUCH SECURITIES
      UNDER
      THE SECURITIES ACT AND UNDER THE PROVISIONS OF APPLICABLE STATE SECURITIES
      LAWS
      IS NOT REQUIRED.

    

    SERIES
      A
      WARRANT TO PURCHASE

    

    SHARES
      OF
      COMMON STOCK

    

    OF

    

    JUMA
      TECHNOLOGY CORP.

    

    Expires
      August 16, 2012

     

    
      	
              No.:
                W-A-01

            	
              Number
                of Shares: 8,333,333

            
	
              Date
                of Issuance: August 16, 2007

            

    

     

    FOR
      VALUE
      RECEIVED, the undersigned, JUMA TECHNOLOGY CORP., a Delaware corporation
      (together with its successors and assigns, the "Issuer"),
      hereby certifies that Vision Opportunity Master Fund, Ltd. or its registered
      assigns is entitled to subscribe for and purchase, during the Term (as
      hereinafter defined), up to 8,333,333 shares (subject to adjustment as
      hereinafter provided) of the duly authorized, validly issued, fully paid and
      non-assessable Common Stock of the Issuer, at an exercise price per share equal
      to the Warrant Price then in effect, subject, however, to the provisions and
      upon the terms and conditions hereinafter set forth. Capitalized terms used
      in
      this Warrant and not otherwise defined herein shall have the respective meanings
      specified in Section
      8
      hereof.

    

    1. Term.
      The
      term of this Warrant shall commence on August 16, 2007 and shall expire at
      6:00
      p.m., Eastern Time, on August 16, 2012 (such period being the "Term").

    

    
      
        2.
          Method
          of Exercise; Payment; Issuance of New Warrant; Transfer and
          Exchange.

      

    

    

    (a) Time
      of Exercise.
      The
      purchase rights represented by this Warrant may be exercised in whole or in
      part
      during the Term. 

    

    (b) Method
      of Exercise.
      The
      Holder hereof may exercise this Warrant, in whole or in part, by the surrender
      of this Warrant (with the exercise form attached hereto duly executed) at the
      principal office of the Issuer, and by the payment to the Issuer of an amount
      of
      consideration therefor equal to the Warrant Price in effect on the date of
      such
      exercise multiplied by the number of shares of Warrant Stock with respect to
      which this Warrant is then being exercised, payable at such Holder's election
      (i) by certified or official bank check or by
      wire
      transfer to an account designated by the Issuer,
      (ii) by
      "cashless exercise" in accordance with the provisions of subsection
      (c)
      of this
Section
      2,
      or
      (iii) by a combination of the foregoing methods of payment selected by the
      Holder of this Warrant.

     

    
      
         

      

      
        -1-

        
          

        

      

      
         

      

    

    

    (c) Cashless
      Exercise.
      Notwithstanding any provisions herein to the contrary and commencing one (1)
      year following the Original Issue Date if the Per Share Market Value of one
      share of Common Stock is greater than the Warrant Price (at the date of
      calculation as set forth below), the Holder may exercise this Warrant by a
      cashless exercise and shall receive the number of shares of Common Stock equal
      to an amount (as determined below) by surrender of this Warrant at the principal
      office of the Issuer together with the properly endorsed Notice of Exercise
      in
      which event the Issuer shall issue to the Holder a number of shares of Common
      Stock computed using the following formula:

    

    
      	
            	X
              =
              Y -	
              (A)(Y)

                 
                B

            

    

     

    
      	
              Where

            	
              X
                =

            	
              the
                number of shares of Common Stock to be issued to the
                Holder.

            

    

    

    
      	 	
              Y
                =

            	
              the
                number of shares of Common Stock purchasable upon exercise of all
                of the
                Warrant or, if only a portion of the Warrant is being exercised,
                the
                portion of the Warrant being exercised.

            

    

    

    
      	 	
              A
                =

            	
              the
                Warrant Price. 

            

    

    

    
      	
            	B
              =	
              the
                Per Share Market Value of one share of Common
                Stock.

            

    

    

    (d) Issuance
      of Stock Certificates.
      In the
      event of any exercise of this Warrant in accordance with and subject to the
      terms and conditions hereof, certificates for the shares of Warrant Stock so
      purchased shall be dated the date of such exercise and delivered to the Holder
      hereof within a reasonable time, not exceeding three (3) Trading Days after
      such
      exercise (the “Delivery
      Date”)
      or, at
      the request of the Holder (provided that a registration statement under the
      Securities Act providing for the resale of the Warrant Stock is then in effect),
      issued and delivered to the Depository Trust Company (“DTC”)
      account on the Holder’s behalf via the Deposit Withdrawal Agent Commission
      System (“DWAC”)
      within
      a reasonable time, not exceeding three (3) Trading Days after such exercise,
      and
      the Holder hereof shall be deemed for all purposes to be the holder of the
      shares of Warrant Stock so purchased as of the date of such exercise.
      Notwithstanding the foregoing to the contrary, the Issuer or its transfer agent
      shall only be obligated to issue and deliver the shares to the DTC on a holder’s
      behalf via DWAC if the
      Issuer and its transfer agent are participating in DTC through the DWAC
      system.
      The
      Holder shall deliver this original Warrant, or an indemnification undertaking
      with respect to such Warrant in the case of its loss, theft or destruction,
      at
      such time that this Warrant is fully exercised. With respect to partial
      exercises of this Warrant, the Issuer shall keep written records for the Holder
      of the number of shares of Warrant Stock exercised as of each date of
      exercise.

     

    
      
         

      

      
        -2-

        
          

        

      

      
         

      

    

    

    (e) Compensation
      for Buy-In on Failure to Timely Deliver Certificates Upon
      Exercise.
      In
      addition to any other rights available to the Holder, if the Issuer fails to
      cause its transfer agent to transmit to the Holder a certificate or certificates
      representing the Warrant Stock pursuant to an exercise on or before the Delivery
      Date, and if after such date the Holder is required by its broker to purchase
      (in an open market transaction or otherwise) shares of Common Stock to deliver
      in satisfaction of a sale by the Holder of the Warrant Stock which the Holder
      anticipated receiving upon such exercise (a “Buy-In”),
      then
      the Issuer shall (1) pay in cash to the Holder the amount by which (x) the
      Holder’s total purchase price (including brokerage commissions, if any) for the
      shares of Common Stock so purchased exceeds (y) the amount obtained by
      multiplying (A) the number of shares of Warrant Stock that the Issuer was
      required to deliver to the Holder in connection with the exercise at issue
      times
      (B) the
      price at which the sell order giving rise to such purchase obligation was
      executed, and (2) at the option of the Holder, either reinstate the portion
      of
      the Warrant and equivalent number of shares of Warrant Stock for which such
      exercise was not honored or deliver to the Holder the number of shares of Common
      Stock that would have been issued had the Issuer timely complied with its
      exercise and delivery obligations hereunder. For example, if the Holder
      purchases Common Stock having a total purchase price of $11,000 to cover a
      Buy-In with respect to an attempted exercise of the Warrant for shares of Common
      Stock with an aggregate sale price giving rise to such purchase obligation
      of
      $10,000, under clause (1) of the immediately preceding sentence the Issuer
      shall
      be required to pay the Holder $1,000. The Holder shall provide the Issuer
      written notice indicating the amounts payable to the Holder in respect of the
      Buy-In, together with applicable confirmations and other evidence reasonably
      requested by the Issuer. Nothing herein shall limit a Holder’s right to pursue
      any other remedies available to it hereunder, at law or in equity including,
      without limitation, a decree of specific performance and/or injunctive relief
      with respect to the Issuer’s failure to timely deliver certificates representing
      shares of Common Stock upon exercise of this Warrant as required pursuant to
      the
      terms hereof.

     

    (f) Transferability/Exchangeability
      of Warrant.
      Subject
      to Section
      2(h)
      hereof,
      this Warrant may be transferred by a Holder, in whole or in part, without the
      consent of the Issuer. If transferred pursuant to this paragraph, this Warrant
      may be transferred on the books of the Issuer by the Holder hereof in person
      or
      by duly authorized attorney, upon surrender of this Warrant at the principal
      office of the Issuer, properly endorsed (by the Holder executing an assignment
      in the form attached hereto) and upon payment of any necessary transfer tax
      or
      other governmental charge imposed upon such transfer. This Warrant is
      exchangeable at the principal office of the Issuer for Warrants to purchase
      the
      same aggregate number of shares of Warrant Stock, each new Warrant to represent
      the right to purchase such number of shares of Warrant Stock as the Holder
      hereof shall designate at the time of such exchange. All Warrants issued on
      transfers or exchanges shall be dated the Original Issue Date and shall be
      identical with this Warrant except as to the number of shares of Warrant Stock
      issuable pursuant thereto.

    

    (g) Continuing
      Rights of Holder.
      The
      Issuer will, at the time of or at any time after each exercise of this Warrant,
      upon the request of the Holder hereof, acknowledge in writing the extent, if
      any, of its continuing obligation to afford to such Holder all rights to which
      such Holder shall continue to be entitled after such exercise in accordance
      with
      the terms of this Warrant; provided
      that
      if
      any such Holder shall fail to make, or the Issuer shall fail to honor, any
      such
      request, the failure shall not affect the continuing obligation of the Issuer
      to
      afford such rights to such Holder.

     

    
      
         

      

      
        -3-

        
          

        

      

      
         

      

    

    

    (h) Compliance
      with Securities Laws.

    

    (i) The
      Holder of this Warrant, by acceptance hereof, acknowledges that this Warrant
      and
      the shares of Warrant Stock to be issued upon exercise hereof are being acquired
      solely for the Holder's own account and not as a nominee for any other party,
      and for investment, and that the Holder will not offer, sell or otherwise
      dispose of this Warrant or any shares of Warrant Stock to be issued upon
      exercise hereof except pursuant to an effective registration statement, or
      an
      exemption from registration, under the Securities Act and any applicable state
      securities laws.

    

    (ii) Except
      as
      provided in paragraph (iii) below, this Warrant and all certificates
      representing shares of Warrant Stock issued upon exercise hereof shall be
      stamped or imprinted with a legend in substantially the following
      form:

    

    THIS
      WARRANT AND THE SHARES OF COMMON STOCK ISSUABLE UPON EXERCISE HEREOF HAVE NOT
      BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES
      ACT") OR ANY STATE SECURITIES LAWS AND MAY NOT BE SOLD, TRANSFERRED OR OTHERWISE
      DISPOSED OF UNLESS REGISTERED UNDER THE SECURITIES ACT AND UNDER APPLICABLE
      STATE SECURITIES LAWS OR THE ISSUER SHALL HAVE RECEIVED AN OPINION OF COUNSEL
      REASONABLY SATISFACTORY TO THE ISSUER THAT REGISTRATION OF SUCH SECURITIES
      UNDER
      THE SECURITIES ACT AND UNDER THE PROVISIONS OF APPLICABLE STATE SECURITIES
      LAWS
      IS NOT REQUIRED.

    

    (iii) The
      Issuer agrees to reissue this Warrant or certificates representing any of the
      Warrant Stock, without the legend set forth above if at such time, prior to
      making any transfer of any such securities, the Holder shall give written notice
      to the Issuer describing the manner and terms of such transfer. Such proposed
      transfer will not be effected until: (a) either (i) the Issuer has received
      an
      opinion of counsel reasonably satisfactory to the Issuer, to the effect that
      the
      registration of such securities under the Securities Act is not required in
      connection with such proposed transfer, (ii) a registration statement under
      the
      Securities Act covering such proposed disposition has been filed by the Issuer
      with the Securities and Exchange Commission and has become effective under
      the
      Securities Act, (iii) the Issuer has received other evidence reasonably
      satisfactory to the Issuer that such registration and qualification under the
      Securities Act and state securities laws are not required, or (iv) the Holder
      provides the Issuer with reasonable assurances that such security can be sold
      pursuant to Rule 144 under the Securities Act; and (b) either (i) the Issuer
      has
      received an opinion of counsel reasonably satisfactory to the Issuer, to the
      effect that registration or qualification under the securities or "blue sky"
      laws of any state is not required in connection with such proposed disposition,
      or (ii) compliance with applicable state securities or "blue sky" laws has
      been
      effected or a valid exemption exists with respect thereto. The Issuer will
      respond to any such notice from a holder within three (3) Trading Days. In
      the
      case of any proposed transfer under this Section
      2(h),
      the
      Issuer will pay the expenses of and use reasonable efforts to comply with any
      such applicable state securities or "blue sky" laws, but shall in no event
      be
      required, (x) to qualify to do business in any state where it is not then
      qualified, or (y) to take any action that would subject it to tax or to the
      general service of process in any state where it is not then subject. The
      restrictions on transfer contained in this Section
      2(h)
      shall be
      in addition to, and not by way of limitation of, any other restrictions on
      transfer contained in any other section of this Warrant. Whenever
      a
      certificate representing the Warrant Stock is required to be issued to a the
      Holder without a legend, at
      the
      request of the Holder, in
      lieu
      of delivering physical certificates representing the Warrant Stock, the Issuer
      shall cause its transfer agent to electronically transmit the Warrant Stock
      to
      the Holder by crediting the account of the Holder's Prime Broker with DTC
      through its DWAC system (to the extent not inconsistent with any provisions
      of
      this Warrant or the Purchase Agreement). 

     

    
      
         

      

      
        -4-

        
          

        

      

      
         

      

    

    

    (i) Accredited
      Investor Status.
      In no
      event may the Holder exercise this Warrant in whole or in part unless the Holder
      is an “accredited investor” as defined in Regulation D under the Securities Act.

    

    3. Stock
      Fully Paid; Reservation and Listing of Shares;
      Covenants.

    

    (a) Stock
      Fully Paid.
      The
      Issuer represents, warrants, covenants and agrees that all shares of Warrant
      Stock which may be issued upon the exercise of this Warrant or otherwise
      hereunder will, when issued in accordance with the terms of this Warrant, be
      duly authorized, validly issued, fully paid and non-assessable and free from
      all
      taxes, liens and charges. The Issuer further covenants and agrees that during
      the period within which this Warrant may be exercised, the Issuer will at all
      times have authorized and reserved for the purpose of the issuance upon exercise
      of this Warrant a number of authorized but unissued shares of Common Stock
      equal
      to at least one hundred twenty percent (120%) of the number of shares of Common
      Stock issuable upon exercise of this Warrant without regard to any limitations
      on exercise.

    

    (b) Reservation.
      If any
      shares of Common Stock required to be reserved for issuance upon exercise of
      this Warrant or as otherwise provided hereunder require registration or
      qualification with any Governmental Authority under any federal or state law
      before such shares may be so issued, the Issuer will in good faith use its
      best
      efforts as expeditiously as possible at its expense to cause such shares to
      be
      duly registered or qualified. If the Issuer shall list any shares of Common
      Stock on any securities exchange or market it will, at its expense, list
      thereon, and maintain and increase when necessary such listing of, all shares
      of
      Warrant Stock from time to time issued upon exercise of this Warrant or as
      otherwise provided hereunder (provided
      that
      such Warrant Stock has been registered pursuant to a registration statement
      under the Securities Act then in effect), and, to the extent permissible under
      the applicable securities exchange rules, all unissued shares of Warrant Stock
      which are at any time issuable hereunder, so long as any shares of Common Stock
      shall be so listed. The Issuer will also so list on each securities exchange
      or
      market, and will maintain such listing of, any other securities which the Holder
      of this Warrant shall be entitled to receive upon the exercise of this Warrant
      if at the time any securities of the same class shall be listed on such
      securities exchange or market by the Issuer.

     

    
      
         

      

      
        -5-

        
          

        

      

      
         

      

    

    

    (c) Covenants.
      The
      Issuer shall not by any action including, without limitation, amending the
      Certificate of Incorporation or the by-laws of the Issuer, or through any
      reorganization, transfer of assets, consolidation, merger, dissolution, issue
      or
      sale of securities or any other action, avoid or seek to avoid the observance
      or
      performance of any of the terms of this Warrant, but will at all times in good
      faith assist in the carrying out of all such terms and in the taking of all
      such
      actions as may be necessary or appropriate to protect the rights of the Holder
      hereof against dilution (to the extent specifically provided herein) or
      impairment. Without limiting the generality of the foregoing, the Issuer will
      (i) not permit the par value, if any, of its Common Stock to exceed the then
      effective Warrant Price, (ii) not amend or modify any provision of the
      Certificate of Incorporation or by-laws of the Issuer in any manner that would
      materially and adversely affect the rights of the Holders of the Warrants,
      (iii)
      take all such action as may be reasonably necessary in order that the Issuer
      may
      validly and legally issue fully paid and nonassessable shares of Common Stock,
      free and clear of any liens, claims, encumbrances and restrictions (other than
      as provided herein) upon the exercise of this Warrant, and (iv) use its best
      efforts to obtain all such authorizations, exemptions or consents from any
      public regulatory body having jurisdiction thereof as may be reasonably
      necessary to enable the Issuer to perform its obligations under this
      Warrant.

    

    (d) Loss,
      Theft, Destruction, Mutilation of Warrants.
      Upon
      receipt of evidence satisfactory to the Issuer of the ownership of and the
      loss,
      theft, destruction or mutilation of any Warrant and, in the case of any such
      loss, theft or destruction, upon receipt of indemnity or security satisfactory
      to the Issuer or, in the case of any such mutilation, upon surrender and
      cancellation of such Warrant, the Issuer will make and deliver, in lieu of
      such
      lost, stolen, destroyed or mutilated Warrant, a new Warrant of like tenor and
      representing the right to purchase the same number of shares of Common
      Stock.

    

    (e) Payment
      of Taxes.
      The
      Issuer will pay any documentary stamp taxes attributable to the initial issuance
      of the Warrant Stock issuable upon exercise of this Warrant; provided,
      however,
      that
      the Issuer shall not be required to pay any tax or taxes which may be payable
      in
      respect of any transfer involved in the issuance or delivery of any certificates
      representing Warrant Stock in a name other than that of the Holder in respect
      to
      which such shares are issued.

    

    4. Adjustment
      of Warrant Price and Number of Shares Issuable Upon
      Exercise.
      The
      Warrant Price and the number of shares of Warrant Stock that may be purchased
      upon exercise of this Warrant shall be subject to adjustment from time to time
      as set forth in this Section
      4.
      The
      Issuer shall give the Holder notice of any event described below which requires
      an adjustment pursuant to this Section
      4
      in
      accordance with the notice provisions set forth in Section
      5.

    

    (a) Recapitalization,
      Reorganization, Reclassification, Consolidation, Merger or Sale.

     

    (i) In
      case
      the Issuer after the Original Issue Date shall do any of the following (each,
      a
      "Triggering
      Event"):
      (a)
      consolidate or merge with or into any other Person and the Issuer shall not
      be
      the continuing or surviving Person of such consolidation or merger, or (b)
      permit any other Person to consolidate with or merge into the Issuer and the
      Issuer shall be the continuing or surviving Person but, in connection with
      such
      consolidation or merger, any Capital Stock of the Issuer shall be changed into
      or exchanged for Securities of any other Person or cash or any other property,
      or (c) transfer all or substantially all of its properties or assets to any
      other Person, or (d) effect a capital reorganization or reclassification of
      its
      Capital Stock, then, and in the case of each such Triggering Event, proper
      provision shall be made to the Warrant Price and the number of shares of Warrant
      Stock that may be purchased upon exercise of this Warrant so that, upon the
      basis and the terms and in the manner provided in this Warrant, the Holder
      of
      this Warrant shall be entitled upon the exercise hereof at any time after the
      consummation of such Triggering Event, to the extent this Warrant is not
      exercised prior to such Triggering Event, to receive at the Warrant Price as
      adjusted to take into account the consummation of such Triggering Event, in
      lieu
      of the Common Stock issuable upon such exercise of this Warrant prior to such
      Triggering Event, the Securities, cash and property to which such Holder would
      have been entitled upon the consummation of such Triggering Event if such Holder
      had exercised the rights represented by this Warrant immediately prior thereto
      (including the right of a shareholder to elect the type of consideration it
      will
      receive upon a Triggering Event), subject to adjustments (subsequent to such
      corporate action) as nearly equivalent as possible to the adjustments provided
      for elsewhere in this Section
      4,
      provided,
      however,
      the
      Holder at its option may elect to receive an amount in cash equal to the value
      of this Warrant calculated in accordance with the Black-Scholes formula.
      Immediately upon the occurrence of a Triggering Event, the Issuer shall notify
      the Holder in writing of such Triggering Event and provide the calculations
      in
      determining the number of shares of Warrant Stock issuable upon exercise of
      the
      new warrant and the adjusted Warrant Price. Upon the Holder’s request, the
      continuing or surviving Person as a result of such Triggering Event shall issue
      to the Holder a new warrant of like tenor evidencing the right to purchase
      the
      adjusted number of shares of Warrant Stock and the adjusted Warrant Price
      pursuant to the terms and provisions of this Section
      4(a)(i).
      Notwithstanding the foregoing to the contrary, this Section
      4(a)(i)
      shall
      only apply if the surviving entity pursuant to any such Triggering Event has
      a
      class of equity securities registered
      pursuant to the Securities Exchange Act of 1934, as amended, and its common
      stock is listed or quoted on a national securities exchange, national automated
      quotation system or the OTC Bulletin Board. In the event that the
      surviving entity pursuant to any such Triggering Event is not a public company
      that is
      registered pursuant to the Securities Exchange Act of 1934, as amended, or
      its
      common stock is not listed or quoted on a national securities exchange, national
      automated quotation system or the OTC Bulletin Board, then the Holder shall
      have
      the right to demand that the Issuer pay to the Holder an amount in cash equal
      to
      the value of this Warrant calculated in accordance with the Black-Scholes
      formula.

     

    
      
         

      

      
        -6-

        
          

        

      

      
         

      

    

    

    (ii) In
      the
      event that the Holder has elected not to exercise this Warrant prior to the
      consummation of a Triggering Event and has also elected not to receive an amount
      in cash equal to the value of this Warrant calculated in accordance with the
      Black-Scholes formula pursuant to the provisions of Section
      4(a)(i) above,
      so
      long as the surviving entity pursuant to any Triggering Event is a company
      that
      has a class of equity securities registered
      pursuant to the Securities Exchange Act of 1934, as amended, and its common
      stock is listed or quoted on a national securities exchange, national automated
      quotation system or the OTC Bulletin Board,
      the
      surviving entity and/or each Person (other than the Issuer) which may be
      required to deliver any shares of Warrant Stock (including all Securities,
      cash
      or property) upon the exercise of this Warrant as provided herein shall assume,
      by written instrument delivered to, and reasonably satisfactory to, the Holder
      of this Warrant, (A) the obligations of the Issuer under this Warrant (and
      if
      the Issuer shall survive the consummation of such Triggering Event, such
      assumption shall be in addition to, and shall not release the Issuer from,
      any
      continuing obligations of the Issuer under this Warrant) and (B) the obligation
      to deliver to such Holder such Securities, cash or property as, in accordance
      with the foregoing provisions of this subsection
      (a),
      such
      Holder shall be entitled to receive, and the surviving entity and/or each such
      Person shall have similarly delivered to such Holder an opinion of counsel
      for
      the surviving entity and/or each such Person, which counsel shall be reasonably
      satisfactory to such Holder, or in the alternative, a written acknowledgement
      executed by the President or Chief Financial Officer of the Issuer, stating
      that
      this Warrant shall thereafter continue in full force and effect and the terms
      hereof (including, without limitation, all of the provisions of this
subsection
      (a))
      shall
      be applicable to the shares Warrant Stock (including all Securities, cash or
      property) which the surviving entity and/or each such Person may be required
      to
      deliver upon any exercise of this Warrant or the exercise of any rights pursuant
      hereto. 

     

    
      
         

      

      
        -7-

        
          

        

      

      
         

      

    

    

    (b) Stock
      Dividends, Subdivisions and Combinations.
      If at
      any time the Issuer shall:

    

    (i) make
      or
      issue or set a record date for the holders of the Common Stock for the purpose
      of entitling them to receive a dividend payable in, or other distribution of,
      shares of Common Stock, 

    

    (ii)
       subdivide
      its outstanding shares of Common Stock into a larger number of shares of Common
      Stock, or

    

    (iii)
       combine
      its outstanding shares of Common Stock into a smaller number of shares of Common
      Stock, 

    

    then
      (1)
      the number of shares of Common Stock for which this Warrant is exercisable
      immediately after the occurrence of any such event shall be adjusted to equal
      the number of shares of Common Stock which a record holder of the same number
      of
      shares of Common Stock for which this Warrant is exercisable immediately prior
      to the occurrence of such event would own or be entitled to receive after the
      happening of such event, and (2) the Warrant Price then in effect shall be
      adjusted to equal (A) the Warrant Price then in effect multiplied by the number
      of shares of Common Stock for which this Warrant is exercisable immediately
      prior to the adjustment divided by (B) the number of shares of Common Stock
      for
      which this Warrant is exercisable immediately after such
      adjustment.

    

    (c) Certain
      Other Distributions.
      If at
      any time the Issuer shall make or issue or set a record date for the holders
      of
      the Common Stock for the purpose of entitling them to receive any dividend
      or
      other distribution of:

     

    
      
         

      

      
        -8-

        
          

        

      

      
         

      

    

    

    (i) cash,

    

    (ii) any
      evidences of its indebtedness, any shares of stock of any class or any other
      Securities or property of any nature whatsoever (other than cash, Common Stock
      Equivalents or Additional Shares of Common Stock), or

    

    (iii) any
      warrants or other rights to subscribe for or purchase any evidences of its
      indebtedness, any shares of stock of any class or any other securities or
      property of any nature whatsoever (other than cash, Common Stock Equivalents
      or
      Additional Shares of Common Stock), then (1) the number of shares of Common
      Stock for which this Warrant is exercisable shall be adjusted to equal the
      product of the number of shares of Common Stock for which this Warrant is
      exercisable immediately prior to such adjustment multiplied by a fraction (A)
      the numerator of which shall be the Per Share Market Value of Common Stock
      at
      the date of taking such record and (B) the denominator of which shall be such
      Per Share Market Value minus the amount allocable to one share of Common Stock
      of any such cash so distributable and of the fair value (as determined in good
      faith by the Board of Directors of the Issuer and supported by an opinion from
      an investment banking firm mutually agreed upon by the Issuer and the Holder)
      of
      any and all such evidences of indebtedness, shares of stock, other securities
      or
      property or warrants or other subscription or purchase rights so distributable,
      and (2) the Warrant Price then in effect shall be adjusted to equal (A) the
      Warrant Price then in effect multiplied by the number of shares of Common Stock
      for which this Warrant is exercisable immediately prior to the adjustment
      divided by (B) the number of shares of Common Stock for which this Warrant
      is
      exercisable immediately after such adjustment. A reclassification of the Common
      Stock (other than a change in par value, or from par value to no par value
      or
      from no par value to par value) into shares of Common Stock and shares of any
      other class of stock shall be deemed a distribution by the Issuer to the holders
      of its Common Stock of such shares of such other class of stock within the
      meaning of this Section
      4(c)
      and, if
      the outstanding shares of Common Stock shall be changed into a larger or smaller
      number of shares of Common Stock as a part of such reclassification, such change
      shall be deemed a subdivision or combination, as the case may be, of the
      outstanding shares of Common Stock within the meaning of Section
      4(b). 

    

    (d) Issuance
      of Additional Shares of Common Stock.
      In the
      event the Issuer shall at any time within two (2) years following the Original
      Issuance Date (the “Full
      Ratchet Period”)
      issue
      any Additional Shares of Common Stock (otherwise than as provided in the
      foregoing subsections
      (b) through (c)
      of this
Section
      4),
      at a
      price per share less than the Warrant Price then in effect or without
      consideration, then the Warrant Price upon each such issuance shall be adjusted
      to the price equal to the consideration per share paid for such Additional
      Shares of Common Stock.

     

    (e) Issuance
      of Common Stock Equivalents.
      In the
      event the Issuer shall at any time within the Full Ratchet Period take a record
      of the holders of its Common Stock for the purpose of entitling them to receive
      a distribution of, or shall in any manner (whether directly or by assumption
      in
      a merger in which the Issuer is the surviving Person) issue or sell, any Common
      Stock Equivalents, whether or not the rights to exchange or convert thereunder
      are immediately exercisable, and the price per share for which Common Stock
      is
      issuable upon such conversion or exchange shall be less than the Warrant Price
      in effect immediately prior to the time of such issue or sale, or if, after
      any
      such issuance of Common Stock Equivalents, the price per share for which
      Additional Shares of Common Stock may be issuable thereafter is amended or
      adjusted, and such price as so amended shall be less than the Warrant Price
      in
      effect at the time of such amendment or adjustment, then the Warrant Price
      then
      in effect shall be adjusted as provided in Section
      4(d).
      No
      further adjustments of the number of shares of Common Stock for which this
      Warrant is exercisable and the Warrant Price then in effect shall be made upon
      the actual issue of such Common Stock upon conversion or exchange of such Common
      Stock Equivalents.

     

    
      
         

      

      
        -9-

        
          

        

      

      
         

      

    

    

    (f) Subsequent
      Common Stock and Common Stock Equivalents Issues.
      In the
      event the Company, shall, at any time after the Full Ratchet Period, issue
      or
      sell any Additional Shares of Common Stock or Common Stock Equivalents
      (otherwise than as provided in the foregoing subsections
      (a) through (e) of this Section 4),
      at a
      price per share less than the Warrant Price, or without consideration, the
      Warrant Price then in effect upon each such issuance shall be adjusted to that
      price (rounded to the nearest cent) determined by multiplying the Warrant Price
      by a fraction: (1) the numerator of which shall be equal to the sum
      of (A)
      the number of shares of Common Stock outstanding immediately prior to the
      issuance of such Additional Shares of Common Stock plus
      (B) the
      number of shares of Common Stock (rounded to the nearest whole share) which
      the
      aggregate consideration for the total number of such Additional Shares of Common
      Stock so issued would purchase at a price per share equal to the then Warrant
      Price; and (2) the denominator of which shall be equal to the number of shares
      of Common Stock outstanding immediately after the issuance of such Additional
      Shares of Common Stock. No adjustment of the number of shares of Common Stock
      shall be made upon the issuance of any Additional Shares of Common Stock which
      are issued pursuant to the exercise of any warrants or other subscription or
      purchase rights or pursuant to the exercise of any conversion or exchange rights
      in any Common Stock Equivalents if any such adjustment shall previously have
      been made upon the issuance of such warrants or other rights or upon the
      issuance of such Common Stock Equivalents (or upon the issuance of any warrant
      or other rights therefore).

    

    (g) Other
      Provisions applicable to Adjustments under this Section.
      The
      following provisions shall be applicable to the making of adjustments of the
      number of shares of Common Stock for which this Warrant is exercisable and
      the
      Warrant Price then in effect provided for in this Section
      4:

    

    (i) Computation
      of Consideration.
      To the
      extent that any Additional Shares of Common Stock or any Common Stock
      Equivalents (or any warrants or other rights therefor) shall be issued for
      cash
      consideration, the consideration received by the Issuer therefor shall be the
      amount of the cash received by the Issuer therefor, or, if such Additional
      Shares of Common Stock or Common Stock Equivalents are offered by the Issuer
      for
      subscription, the subscription price, or, if such Additional Shares of Common
      Stock or Common Stock Equivalents are sold to underwriters or dealers for public
      offering without a subscription offering, the initial public offering price
      (in
      any such case subtracting any amounts paid or receivable for accrued interest
      or
      accrued dividends and without taking into account any compensation, discounts
      or
      expenses paid or incurred by the Issuer for and in the underwriting of, or
      otherwise in connection with, the issuance thereof). In connection with any
      merger or consolidation in which the Issuer is the surviving Person (other
      than
      any consolidation or merger in which the previously outstanding shares of Common
      Stock of the Issuer shall be changed to or exchanged for the stock or other
      securities of another Person), the amount of consideration therefore shall
      be,
      deemed to be the fair value, as determined reasonably and in good faith by
      the
      Board, of such portion of the assets and business of the nonsurviving Person
      as
      the Board may determine to be attributable to such shares of Common Stock or
      Common Stock Equivalents, as the case may be. The consideration for any
      Additional Shares of Common Stock issuable pursuant to any warrants or other
      rights to subscribe for or purchase the same shall be the consideration received
      by the Issuer for issuing such warrants or other rights plus the additional
      consideration payable to the Issuer upon exercise of such warrants or other
      rights. The consideration for any Additional Shares of Common Stock issuable
      pursuant to the terms of any Common Stock Equivalents shall be the consideration
      received by the Issuer for issuing warrants or other rights to subscribe for
      or
      purchase such Common Stock Equivalents, plus the consideration paid or payable
      to the Issuer in respect of the subscription for or purchase of such Common
      Stock Equivalents, plus the additional consideration, if any, payable to the
      Issuer upon the exercise of the right of conversion or exchange in such Common
      Stock Equivalents. In the event of any consolidation or merger of the Issuer
      in
      which the Issuer is not the surviving Person or in which the previously
      outstanding shares of Common Stock of the Issuer shall be changed into or
      exchanged for the stock or other securities of another Person, or in the event
      of any sale of all or substantially all of the assets of the Issuer for stock
      or
      other securities of any Person, the Issuer shall be deemed to have issued a
      number of shares of its Common Stock for stock or securities or other property
      of the other Person computed on the basis of the actual exchange ratio on which
      the transaction was predicated, and for a consideration equal to the fair market
      value on the date of such transaction of all such stock or securities or other
      property of the other Person. In the event any consideration received by the
      Issuer for any securities consists of property other than cash, the fair market
      value thereof at the time of issuance or as otherwise applicable shall be as
      determined in good faith by the Board. In the event Common Stock is issued
      with
      other shares or securities or other assets of the Issuer for consideration
      which
      covers both, the consideration computed as provided in this Section
      4(g)(i)
      shall be
      allocated among such securities and assets as determined in good faith by the
      Board.

     

    
      
         

      

      
        -10-

        
          

        

      

      
         

      

    

    

    (ii) When
      Adjustments to Be Made.
      The
      adjustments required by this Section
      4
      shall be
      made whenever and as often as any specified event requiring an adjustment shall
      occur, except that any adjustment of the number of shares of Common Stock for
      which this Warrant is exercisable that would otherwise be required may be
      postponed (except in the case of a subdivision or combination of shares of
      the
      Common Stock, as provided for in Section
      4(b))
      up to,
      but not beyond the date of exercise if such adjustment either by itself or
      with
      other adjustments not previously made adds or subtracts less than one percent
      (1%) of the shares of Common Stock for which this Warrant is exercisable
      immediately prior to the making of such adjustment. Any adjustment representing
      a change of less than such minimum amount (except as aforesaid) which is
      postponed shall be carried forward and made (x) as soon as such adjustment,
      together with other adjustments required by this Section
      4
      and not
      previously made, would result in a minimum adjustment, or (y) on the date of
      exercise. For the purpose of any adjustment, any specified event shall be deemed
      to have occurred at the close of business on the date of its
      occurrence.

     

    
      
         

      

      
        -11-

        
          

        

      

      
         

      

    

    

    (iii) Fractional
      Interests.
      In
      computing adjustments under this Section
      4,
      fractional interests in Common Stock shall be taken into account to the nearest
      one one-hundredth (1/100th)
      of a
      share.

    

    (iv) When
      Adjustment Not Required.
      If the
      Issuer shall take a record of the holders of its Common Stock for the purpose
      of
      entitling them to receive a dividend or distribution or subscription or purchase
      rights and shall, thereafter and before the distribution to stockholders
      thereof, legally abandon its plan to pay or deliver such dividend, distribution,
      subscription or purchase rights, then thereafter no adjustment shall be required
      by reason of the taking of such record and any such adjustment previously made
      in respect thereof shall be rescinded and annulled.

     

    (h) Form
      of Warrant after Adjustments.
      The
      form of this Warrant need not be changed because of any adjustments in the
      Warrant Price or the number and kind of Securities purchasable upon the exercise
      of this Warrant.

    

    (i) Escrow
      of Warrant Stock.
      If
      after any property becomes distributable pursuant to this Section
      4
      by
      reason of the taking of any record of the holders of Common Stock, but prior
      to
      the occurrence of the event for which such record is taken, and the Holder
      exercises this Warrant, any shares of Common Stock issuable upon exercise by
      reason of such adjustment shall be deemed the last shares of Common Stock for
      which this Warrant is exercised (notwithstanding any other provision to the
      contrary herein) and such shares or other property shall be held in escrow
      for
      the Holder by the Issuer to be issued to the Holder upon and to the extent
      that
      the event actually takes place, upon payment of the current Warrant Price.
      Notwithstanding any other provision to the contrary herein, if the event for
      which such record was taken fails to occur or is rescinded, then such escrowed
      shares shall be cancelled by the Issuer and escrowed property
      returned.

    

    5. Notice
      of Adjustments.
      Whenever the Warrant Price or Warrant Share Number shall be adjusted pursuant
      to
Section
      4
      hereof
      (for purposes of this Section
      5,
      each an
      "Adjustment"),
      the
      Issuer shall cause its Chief Financial Officer to prepare and execute a
      certificate setting forth, in reasonable detail, the event requiring the
      Adjustment, the amount of the Adjustment, the method by which such Adjustment
      was calculated (including a description of the basis on which the Board made
      any
      determination hereunder), and the Warrant Price and Warrant Share Number after
      giving effect to such Adjustment, and shall cause copies of such certificate
      to
      be delivered to the Holder of this Warrant promptly after each Adjustment.
      Any
      dispute between the Issuer and the Holder of this Warrant with respect to the
      matters set forth in such certificate may at the option of the Holder of this
      Warrant be submitted to an Independent Appraiser selected by the Holder;
provided
      that the
      Issuer shall have ten (10) days after receipt of notice from such Holder of
      its
      selection of such Independent Appraiser to object thereto, in which case such
      Holder shall select another such Independent Appraiser and the Issuer shall
      have
      no such right of objection. The Independent Appraiser selected by the Holder
      of
      this Warrant as provided in the preceding sentence shall be instructed to
      deliver a written opinion as to such matters to the Issuer and such Holder
      within thirty (30) days after submission to it of such dispute. Such opinion
      shall be final and binding on the parties hereto. The costs and expenses of
      the
      initial firm selected as Independent Appraiser shall be paid equally by the
      Issuer and the Holder and, in the case of an objection by the Issuer, the costs
      and expenses of the subsequent firm selected as Independent Appraiser shall
      be
      paid in full by the Issuer.

     

    
      
         

      

      
        -12-

        
          

        

      

      
         

      

    

    

    6. Fractional
      Shares.
      No
      fractional shares of Warrant Stock will be issued in connection with any
      exercise hereof, but in lieu of such fractional shares, the Issuer shall round
      the number of shares to be issued upon exercise up to the nearest whole number
      of shares.

    

    7. Ownership
      Cap and Exercise Restriction.
      Notwithstanding anything to the contrary set forth in this Warrant, at no time
      may a Holder of this Warrant exercise this Warrant if the number of shares
      of
      Common Stock to be issued pursuant to such exercise would exceed, when
      aggregated with all other shares of Common Stock owned by such Holder at such
      time, the number of shares of Common Stock which would result in such Holder
      beneficially owning (as determined in accordance with Section 13(d) of the
      Exchange Act and the rules thereunder) in excess of 4.99% of
      the
      then issued and outstanding shares of Common Stock; provided,
      however,
      that
      upon a holder of this Warrant providing the Issuer with sixty-one (61) days
      notice (pursuant to Section
      13
      hereof)
      (the "Waiver
      Notice")
      that
      such Holder would like to waive this Section
      7
      with
      regard to any or all shares of Common Stock issuable upon exercise of this
      Warrant, this Section
      7
      will be
      of no force or effect with regard to all or a portion of the Warrant referenced
      in the Waiver Notice; provided,
      further,
      that
      this provision shall be of no further force or effect during the sixty-one
      (61)
      days immediately preceding the expiration of the term of this
      Warrant.

    

    8. Definitions.
      For the
      purposes of this Warrant, the following terms have the following
      meanings:

    

    "Additional
      Shares of Common Stock"
      means
      all shares of Common Stock issued by the Issuer after the Original Issue Date,
      and all shares of Other Common, if any, issued by the Issuer after the Original
      Issue Date, except: (i) securities issued (other than for cash) in connection
      with a merger, acquisition, or consolidation that do not exceed 25% of the
      outstanding Common Stock of the Issuer as of the date of the Purchase Agreement
      (such percentage subject to adjustment in a manner consistent with the
      adjustments to the Warrant Price contemplated in Section
      4
      hereof)
      and such issuances are determined in the light of the whole transaction to
      which
      they are a part to be in the best interests of the Company, (ii) securities
      issued pursuant to the conversion or exercise of convertible or exercisable
      securities issued or outstanding on or prior to the date of the Purchase
      Agreement or issued pursuant to the Purchase Agreement (so long as the
      conversion or exercise price in such securities are not amended to lower such
      price and/or adversely affect the Holders), (iii) the Warrant Stock, (iv)
Common
      Stock issued or the issuance or grants of options to purchase Common Stock
      pursuant to the Company’s stock option plans and employee stock purchase plans
      that either (x) exist on the date of the Purchase Agreement, or (y) do not
      exceed ten percent (10%) of the outstanding Common Stock of the Company as
      of
      the date of the Purchase Agreement,
      (v) any
      warrants issued to the placement agent and its designees for the transactions
      contemplated by the Purchase Agreement, and (vi) securities issued in connection
      with bona fide strategic license agreements or other partnering agreements
      so
      long as such issuances are not for the purpose of raising capital which are
      approved by a majority of its independent directors and such issuances are
      determined in the light of the whole transaction to which they are a part to
      be
      in the best interests of the Company.

     

    
      
         

      

      
        -13-

        
          

        

      

      
         

      

    

     

    “Board"
      shall
      mean the Board of Directors of the Issuer.

    

    "Capital
      Stock"
      means
      and includes (i) any and all shares, interests, participations or other
      equivalents of or interests in (however designated) corporate stock, including,
      without limitation, shares of preferred or preference stock, (ii) all
      partnership interests (whether general or limited) in any Person which is a
      partnership, (iii) all membership interests or limited liability company
      interests in any limited liability company, and (iv) all equity or ownership
      interests in any Person of any other type.

    

    "Certificate
      of Incorporation"
      means
      the Certificate of Incorporation of the Issuer as in effect on the Original
      Issue Date, and as hereafter from time to time amended, modified, supplemented
      or restated in accordance with the terms hereof and thereof and pursuant to
      applicable law. 

    

    "Common
      Stock"
      means
      the Common Stock, $0.0001 par value per share, of the Issuer and any other
      Capital Stock into which such stock may hereafter be changed.

    

    "Common
      Stock Equivalent"
      means
      any Convertible Security or warrant, option or other right to subscribe for
      or
      purchase any Additional Shares of Common Stock or any Convertible
      Security.

    

    "Convertible
      Securities"
      means
      evidences of Indebtedness, shares of Capital Stock or other Securities which
      are
      or may be at any time convertible into or exchangeable for Additional Shares
      of
      Common Stock. The term "Convertible
      Security"
      means
      one of the Convertible Securities.

    

    "Delivery
      Date"
      shall
      be the date not exceeding three (3) Trading Days after an exercise of this
      Warrant.

    

    "DTC"
      means
      the Depository Trust Company.

    

    "DWAC"
      means
      the Deposit Withdrawal Agent Commission System.

    

    "Governmental
      Authority"
      means
      any governmental, regulatory or self-regulatory entity, department, body,
      official, authority, commission, board, agency or instrumentality, whether
      federal, state or local, and whether domestic or foreign.

    

    "Holders"
      mean
      the Persons who shall from time to time own any Warrant. The term "Holder"
      means
      one of the Holders.

    

    "Independent
      Appraiser"
      means a
      nationally recognized or major regional investment banking firm or firm of
      independent certified public accountants of recognized standing (which may
      be
      the firm that regularly examines the financial statements of the Issuer) that
      is
      regularly engaged in the business of appraising the Capital Stock or assets
      of
      corporations or other entities as going concerns, and which is not affiliated
      with either the Issuer or the Holder of any Warrant.

     

    
      
         

      

      
        -14-

        
          

        

      

      
         

      

    

    

    "Issuer"
      means
      Juma Technology, Corp., a Delaware corporation, and its successors.

    

    "Majority
      Holders"
      means
      at any time the Holders of Warrants exercisable for a majority of the shares
      of
      Warrant Stock issuable under the Warrants at the time outstanding.

    

    "Original
      Issue Date"
      means
      August 16, 2007.

    

    "OTC
      Bulletin Board"
      means
      the over-the-counter electronic bulletin board.

    

    "Other
      Common"
      means
      any other Capital Stock of the Issuer of any class which shall be authorized
      at
      any time after the date of this Warrant (other than Common Stock) and which
      shall have the right to participate in the distribution of earnings and assets
      of the Issuer without limitation as to amount.

    

    “Outstanding
      Common Stock”
means,
      at any given time, the aggregate amount of outstanding shares of Common Stock,
      assuming full exercise, conversion or exchange (as applicable) of all options,
      warrants and other Securities which are convertible into or exercisable or
      exchangeable for, and any right to subscribe for, shares of Common Stock that
      are outstanding at such time.

    

    "Person"
      means
      an individual, corporation, limited liability company, partnership, joint stock
      company, trust, unincorporated organization, joint venture, Governmental
      Authority or other entity of whatever nature.

    

    "Per
      Share Market Value"
      means
      on any particular date (a) the last closing bid price per share of the Common
      Stock on such date on the OTC
      Bulletin Board or
      another registered national stock exchange on which the Common Stock is then
      listed, or if there is no such price on such date, then the closing bid price
      on
      such exchange or quotation system on the date nearest preceding such date,
      or
      (b) if the Common Stock is not listed then on the OTC Bulletin Board or any
      registered national stock exchange, the last closing bid price for a share
      of
      Common Stock in the over-the-counter market, as reported by the OTC Bulletin
      Board or in the National Quotation Bureau Incorporated or similar organization
      or agency succeeding to its functions of reporting prices) at the close of
      business on such date, or (c) if the Common Stock is not then reported by the
      OTC Bulletin Board or the National Quotation Bureau Incorporated (or similar
      organization or agency succeeding to its functions of reporting prices), then
      the "Pink Sheet" quotes for the applicable Trading Days preceding such date
      of
      determination, or (d) if the Common Stock is not then publicly traded the fair
      market value of a share of Common Stock as determined by an Independent
      Appraiser selected in good faith by the Majority Holders; provided,
      however,
      that
      the Issuer, after receipt of the determination by such Independent Appraiser,
      shall have the right to select an additional Independent Appraiser, in which
      case, the fair market value shall be equal to the average of the determinations
      by each such Independent Appraiser; and provided,
      further
      that all
      determinations of the Per Share Market Value shall be appropriately adjusted
      for
      any stock dividends, stock splits or other similar transactions during such
      period. The determination of fair market value by an Independent Appraiser
      shall
      be based upon the fair market value of the Issuer determined on a going concern
      basis as between a willing buyer and a willing seller and taking into account
      all relevant factors determinative of value, and shall be final and binding
      on
      all parties. In determining the fair market value of any shares of Common Stock,
      no consideration shall be given to any restrictions on transfer of the Common
      Stock imposed by agreement or by federal or state securities laws, or to the
      existence or absence of, or any limitations on, voting rights.

     

    
      
         

      

      
        -15-

        
          

        

      

      
         

      

    

    

    "Purchase
      Agreement"
      means
      the Note and Warrant Purchase Agreement dated as of August 16, 2007, among
      the
      Issuer and the Purchasers.

    

    "Purchasers"
      means
      the purchasers of the Notes and the Warrants issued by the Issuer pursuant
      to
      the Purchase Agreement.

    

    "Securities"
      means
      any debt or equity securities of the Issuer, whether now or hereafter
      authorized, any instrument convertible into or exchangeable for Securities
      or a
      Security, and any option, warrant or other right to purchase or acquire any
      Security. "Security" means one of the Securities.

    

    "Securities
      Act"
      means
      the Securities Act of 1933, as amended, or any similar federal statute then
      in
      effect.

    

    "Subsidiary"
      means
      any corporation at least 50% of whose outstanding Voting Stock shall at the
      time
      be owned directly or indirectly by the Issuer or by one or more of its
      Subsidiaries, or by the Issuer and one or more of its Subsidiaries.

    

    "Term"
      has the
      meaning specified in Section
      1
      hereof.

    

    "Trading
      Day"
      means
      (a) a day on which the Common Stock is traded on the OTC Bulletin Board, or
      (b)
      if the Common Stock is not traded on the OTC Bulletin Board, a day on which
      the
      Common Stock is quoted in the over-the-counter market as reported by the
      National Quotation Bureau Incorporated (or any similar organization or agency
      succeeding its functions of reporting prices); provided,
      however,
      that in
      the event that the Common Stock is not listed or quoted as set forth in (a)
      or
      (b) hereof, then Trading Day shall mean any day except Saturday, Sunday and
      any
      day which shall be a legal holiday or a day on which banking institutions in
      the
      State of New York are authorized or required by law or other government action
      to close.

    

    "Voting
      Stock"
      means,
      as applied to the Capital Stock of any corporation, Capital Stock of any class
      or classes (however designated) having ordinary voting power for the election
      of
      a majority of the members of the Board of Directors (or other governing body)
      of
      such corporation, other than Capital Stock having such power only by reason
      of
      the happening of a contingency.

    

    "Warrants"
      means
      the Warrants issued and sold pursuant to the Purchase Agreement, including,
      without limitation, this Warrant, and any other warrants of like tenor issued
      in
      substitution or exchange for any thereof pursuant to the provisions of
Section
      2(c), 2(d) or 2(e)
      hereof
      or of any of such other Warrants. 

     

    
      
         

      

      
        -16-

        
          

        

      

      
         

      

    

    

    "Warrant
      Price"
      initially means $0.90, as such price may be adjusted from time to time as shall
      result from the adjustments specified in this Warrant, including Section
      4
      hereto.

    

    "Warrant
      Share Number"
      means
      at any time the aggregate number of shares of Warrant Stock which may at such
      time be purchased upon exercise of this Warrant, after giving effect to all
      prior adjustments and increases to such number made or required to be made
      under
      the terms hereof.

    

    "Warrant
      Stock"
      means
      Common Stock issuable upon exercise of any Warrant or Warrants or otherwise
      issuable pursuant to any Warrant or Warrants and/or Securities, cash and
      property to which such Holder would have been entitled upon the occurrence
      of
      certain events set forth in Section
      4.

    

    9. Other
      Notices.
      In case
      at any time:

    

    
      	 	
              (A)

            	
              the
                Issuer shall make any distributions to the holders of Common Stock;
                or

            

    

    

    
      	 	
              (B)

            	
              the
                Issuer shall authorize the granting to all holders of its Common
                Stock of
                rights to subscribe for or purchase any shares of Capital Stock of
                any
                class or other rights; or

            

    

    

    
      	 	
              (C)

            	
              there
                shall be any reclassification of the Capital Stock of the Issuer;
                or

            

    

    

    
      	 	
              (D)

            	
              there
                shall be any capital reorganization by the Issuer;
                or

            

    

    

    
      	 	
              (E)

            	
              there
                shall be any (i) consolidation or merger involving the Issuer or
                (ii)
                sale, transfer or other disposition of all or substantially all of
                the
                Issuer's property, assets or business (except a merger or other
                reorganization in which the Issuer shall be the surviving corporation
                and
                its shares of Capital Stock shall continue to be outstanding and
                unchanged
                and except a consolidation, merger, sale, transfer or other disposition
                involving a wholly-owned Subsidiary);
                or

            

    

    

    
      	 	
              (F)

            	
              there
                shall be a voluntary or involuntary dissolution, liquidation or winding-up
                of the Issuer or any partial liquidation of the Issuer or distribution
                to
                holders of Common Stock; 

            

    

     

     

    
      
         

      

      
        -17-

        
          

        

      

      
         

      

    

     

    then,
      in
      each of such cases, the Issuer shall give written notice to the Holder of the
      date on which (i) the books of the Issuer shall close or a record shall be
      taken
      for such dividend, distribution or subscription rights or (ii) such
      reorganization, reclassification, consolidation, merger, disposition,
      dissolution, liquidation or winding-up, as the case may be, shall take place.
      Such notice also shall specify the date as of which the holders of Common Stock
      of record shall participate in such dividend, distribution or subscription
      rights, or shall be entitled to exchange their certificates for Common Stock
      for
      securities or other property deliverable upon such reorganization,
      reclassification, consolidation, merger, disposition, dissolution, liquidation
      or winding-up, as the case may be. Such notice shall be given at least twenty
      (20) days prior to the action in question and not less than ten (10) days prior
      to the record date or the date on which the Issuer's transfer books are closed
      in respect thereto. This Warrant entitles the Holder to receive copies of all
      financial and other information distributed or required to be distributed to
      the
      holders of the Common Stock.

    

    10. Amendment
      and Waiver; Failure or Indulgence Not Waiver.
      Any
      term, covenant, agreement or condition in this Warrant may be amended, or
      compliance therewith may be waived (either generally or in a particular instance
      and either retroactively or prospectively), by a written instrument or written
      instruments executed by the Issuer and the Majority Holders; provided,
      however,
      that no
      such amendment or waiver shall reduce the Warrant Share Number, increase the
      Warrant Price, shorten the period during which this Warrant may be exercised
      or
      modify any provision of this Section
      10
      without
      the consent of the Holder of this Warrant. No consideration shall be offered
      or
      paid to any person to amend or consent to a waiver or modification of any
      provision of this Warrant unless the same consideration is also offered to
      all
      holders of the Warrants. No failure or delay on the part of the Holder in the
      exercise of any power, right or privilege hereunder shall operate as a waiver
      thereof, nor shall any single or partial exercise of any such power, right
      or
      privilege preclude other or further exercise thereof or of any other right,
      power or privilege, nor shall any waiver by the Holder of any such right or
      rights on any one occasion be deemed a waiver of the same right or rights on
      any
      future occasion.

    

    11. Governing
      Law; Jurisdiction.
      The
      parties acknowledge and agree that any claim, controversy, dispute or action
      relating in any way to this agreement or the subject matter of this agreement
      shall be governed solely by the laws of the State of Delaware, without regard
      to
      any conflict of laws doctrines. The parties irrevocably consent to being served
      with legal process issued from the state and federal courts located in New
      York
      and irrevocably consent to the exclusive personal jurisdiction of the federal
      and state courts situated in the State of New York. The parties irrevocably
      waive any objections to the personal jurisdiction of these courts. Said courts
      shall have sole and exclusive jurisdiction over any and all claims,
      controversies, disputes and actions which in any way relate to this agreement
      or
      the subject matter of this agreement. The parties also irrevocably waive any
      objections that these courts constitute an oppressive, unfair, or inconvenient
      forum and agree not to seek to change venue on these grounds or any other
      grounds. 

    

    12. Notices.
      Any
      notice, demand, request, waiver or other communication required or permitted
      to
      be given hereunder shall be in writing and shall be effective (a) upon hand
      delivery by telecopy or facsimile at the address or number designated below
      (if
      delivered on a business day during normal business hours where such notice
      is to
      be received), or the first business day following such delivery (if delivered
      other than on a business day during normal business hours where such notice
      is
      to be received) or (b) on the second business day following the date of mailing
      by express courier service, fully prepaid, addressed to such address, or upon
      actual receipt of such mailing, whichever shall first occur. The addresses
      for
      such communications shall be:

     

    
      
         

      

      
        -18-

        
          

        

      

      
         

      

    

     

     

    
      	If to the Issuer: 	Juma Technology, Corp.
              154
                Toledo Street

              Farmingdale,
                New York 11735

              Attention:
                Chief Executive Officer

              Tel.
                No.: (631) 300-1000

              Fax
                No.: (631) 270-1105  

            
	 	 
	
              with
                copies (which copies 

              shall
                not constitute notice) 

              to:  

            	
               

               

              Gersten Savage LLP

              600
                Lexington Avenue, 9th
                Floor

              New
                York, New York 10022

              Attention:
                Jay Kaplowitz, Esq.

              Tel.
                No.: (212) 752-9700

              Fax
                No.: (212) 980-5192

            
	 	 
	If to any Holder: 	At the address of such Holder set forth
              on
              Exhibit
              A
              to
              the Purchase Agreement, with copies to: 
	 	 
	 	
              Sadis
                & Goldberg LLP

              551
                Fifth Avenue, 21st
                Floor

              New
                York, New York 10176

              Attention:
                Steven Huttler, Esq.

              Tel.
                No.: (212) 947-3793

              Fax
                No.: (212) 947-3796 

            

    

       

    Any
      party
      hereto may from time to time change its address for notices by giving written
      notice of such changed address to the other party hereto.

     

    13. Warrant
      Agent.
      The
      Issuer may, by written notice to each Holder of this Warrant, appoint an agent
      having an office in New York, New York for the purpose of issuing shares of
      Warrant Stock on the exercise of this Warrant pursuant to Section
      2(e)
      hereof,
      exchanging this Warrant pursuant to Section
      2(e)
      hereof
      or replacing this Warrant pursuant to Section
      3(d)
      hereof,
      or any of the foregoing, and thereafter any such issuance, exchange or
      replacement, as the case may be, shall be made at such office by such
      agent.

    

    14. Remedies.
      The
      remedies provided in this Warrant shall be cumulative and in addition to all
      other remedies available under this Warrant, at law or in equity (including,
      without limitation, a decree of specific performance and/or other injunctive
      relief), no remedy contained herein shall be deemed a waiver of compliance
      with
      the provisions giving rise to such remedy and nothing herein shall limit a
      Holder's right to pursue actual damages for any failure by the Issuer to comply
      with the terms of this Warrant. Amounts set forth or provided for herein with
      respect to payments, exercise and the like (and the computation thereof) shall
      be the amounts to be received by the Holder hereof and shall not, except as
      expressly provided herein, be subject to any other obligation of the Issuer
      (or
      the performance thereof). The Issuer acknowledges that a breach by it of its
      obligations hereunder will cause irreparable and material harm to the Holder
      and
      that the remedy at law for any such breach may be inadequate. Therefore the
      Issuer agrees that, in the event of any such breach or threatened breach, the
      Holder shall be entitled, in addition to all other available rights and
      remedies, at law or in equity, to seek and obtain such equitable relief,
      including but not limited to an injunction restraining any such breach or
      threatened breach, without the necessity of showing economic loss and without
      any bond or other security being required. 

     

    
      
         

      

      
        -19-

        
          

        

      

      
         

      

    

    

    15. Successors
      and Assigns.
      This
      Warrant and the rights evidenced hereby shall inure to the benefit of and be
      binding upon the successors and assigns of the Issuer, the Holder hereof and
      (to
      the extent provided herein) the Holders of Warrant Stock issued pursuant hereto,
      and shall be enforceable by any such Holder or Holder of Warrant
      Stock.

    

    16. Construction.
      This
      Warrant shall be deemed to be jointly drafted by the Company and all the Holders
      and shall not be construed against any person as the drafter hereof.

    

    17. Headings.
      The
      headings of the Sections of this Warrant are for convenience of reference only
      and shall not, for any purpose, be deemed a part of this Warrant.

    

    18. Registration
      Rights.
      The
      Holder of this Warrant is entitled to the benefit of certain registration rights
      with respect to the shares of Warrant Stock issuable upon the exercise of this
      Warrant pursuant to the Registration Rights Agreement and the registration
      rights with respect to the shares of Warrant Stock issuable upon the exercise
      of
      this Warrant by any subsequent Holder may only be assigned in accordance with
      the terms and provisions of the Registrations Rights Agreement and Section
      2(f)
      hereof.

     

    19. Enforcement
      Expenses.
      The
      Issuer agrees to pay all costs and expenses of the Holder incurred as a result
      of enforcement of this Warrant, including, without limitation, reasonable
      attorneys' fees and expenses.

     

    20. Binding
      Effect.
      The
      obligations of the Issuer and the Holder set forth herein shall be binding
      upon
      the successors and assigns of each such party, whether or not such successors
      or
      assigns are permitted by the terms hereof.

    

    [remainder
      of page intentionally left blank]

    

    
      
         

      

      
        -20-

        
          

        

      

      
         

      

    

    

    IN
      WITNESS WHEREOF, the Issuer has executed this Series A Warrant as of the day
      and
      year first above written.

     

    
      	 	 	 
	 	JUMA TECHNOLOGY,
              CORP.
	 
 	 
 	 
 
	
            	By:  	
            
	 	
              
Name:

	 	Title: 

    

    
      
         

      

      
        -21-

        
          

        

      

      
         

      

    

    EXERCISE
      FORM

    SERIES
      A
      WARRANT

    

    JUMA
      TECHNOLOGY, CORP.

    

    The
      undersigned _______________, pursuant to the provisions of the within Warrant,
      hereby elects to purchase _____ shares of Common Stock of Juma Technology,
      Corp.
      covered by the within Warrant.

    

    
      	Dated: _________________	Signature __________________________________
	 	 
	 	Address __________________________________
	 	
              __________________________________

            

    

       

    Number
      of
      shares of Common Stock beneficially owned or deemed beneficially owned by the
      Holder on the date of Exercise: _________________________

    

    The
      undersigned is an “accredited investor” as defined in Regulation D under the
      Securities Act of 1933, as amended.

     

    The
      undersigned intends that payment of the Warrant Price shall be made as (check
      one): 

     

    Cash
      Exercise_______ 

     

    Cashless
      Exercise_______

     

    If
      the
      Holder has elected a Cash Exercise, the Holder shall pay the sum of $________
      by
      certified or official bank check (or via wire transfer) to the Issuer in
      accordance with the terms of the Warrant. 

     

    If
      the
      Holder has elected a Cashless Exercise, a certificate shall be issued to the
      Holder for the number of shares equal to the whole number portion of the product
      of the calculation set forth below, which is ___________. The Company shall
      pay
      a cash adjustment in respect of the fractional portion of the product of the
      calculation set forth below in an amount equal to the product of the fractional
      portion of such product and the Per Share Market Value on the date of exercise,
      which product is ____________.

     

    X
      = Y -
(A)(Y)

    B

    

    Where: 

    

    The
      number of Ordinary Shares to be issued to the Holder
      __________________(“X”).

    

    The
      number of Ordinary Shares purchasable upon exercise of all of the Warrant or,
      if
      only a portion of the Warrant is being exercised, the portion of the Warrant
      being exercised ___________________________ (“Y”). 

     

    
      
         

      

      
        i

        
          

        

      

      
         

      

    

    

    The
      Warrant Price ______________ (“A”). 

    

    The
      Per
      Share Market Value of one Ordinary Share _______________________
      (“B”).

    

    ASSIGNMENT

    

    FOR
      VALUE
      RECEIVED, _________________ hereby sells, assigns and transfers unto
      __________________ the within Warrant and all rights evidenced thereby and
      does
      irrevocably constitute and appoint _____________, attorney, to transfer the
      said
      Warrant on the books of the within named corporation.

    
      

      
        	Dated: _________________	Signature __________________________________
	 	 
	 	Address __________________________________
	 	
                __________________________________

              

    

     

    PARTIAL
      ASSIGNMENT

    

    FOR
      VALUE
      RECEIVED, _________________ hereby sells, assigns and transfers unto
      __________________ the right to purchase _________ shares of Warrant Stock
      evidenced by the within Warrant together with all rights therein, and does
      irrevocably constitute and appoint ___________________, attorney, to transfer
      that part of the said Warrant on the books of the within named
      corporation.

    
      

      
        	Dated: _________________	Signature __________________________________
	 	 
	 	Address __________________________________
	 	
                __________________________________

              

      

    

    

    FOR
      USE
      BY THE ISSUER ONLY:

    

    This
      Warrant No. W-___ canceled (or transferred or exchanged) this _____ day of
      ___________, _____, shares of Common Stock issued therefor in the name of
      _______________, Warrant No. W-_____ issued for ____ shares of Common Stock
      in
      the name of _______________.

    

    
      
         

      

      
        ii

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