Document:

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                                                                    Exhibit 10.1

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                           WARRANT PURCHASE AGREEMENT

                                     between

                                 NAVISITE, INC.,

                                 SPCP GROUP, LLC

                                       and

                               SPCP GROUP III LLC

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                          Dated as of February 13, 2007

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                                TABLE OF CONTENTS

<TABLE>
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ARTICLE 1 DEFINITIONS....................................................     1
   1.1  Definitions......................................................     1
   1.2  Rules of Construction............................................     4

ARTICLE 2 PURCHASE AND SALE OF WARRANTS..................................     4
   2.1  Purchase and Sale of Warrants....................................     5
   2.2  Closing; Conditions to Purchase of Warrant.......................     5

ARTICLE 3 REPRESENTATIONS AND WARRANTIES.................................     5
   3.1  Representations and Warranties of the Company....................     5

ARTICLE 4 REGISTRATION RIGHTS............................................     7
   4.1  Demand Registration Rights.......................................     7
   4.2  Piggyback Registrations..........................................     9
   4.3  Registration Procedures..........................................    10
   4.4  Registration Expenses............................................    14
   4.5  Indemnification..................................................    15
   4.6  Participation in Underwritten Registrations......................    16
   4.7  Listing..........................................................    17
   4.8  Rule 144.........................................................    17

ARTICLE 5 MISCELLANEOUS..................................................    17
   5.1  Survival of Representations and Warranties.......................    17
   5.2  Notices..........................................................    17
   5.3  Successors and Assigns...........................................    18
   5.4  Amendment and Waiver.............................................    19
   5.5  Counterparts.....................................................    19
   5.6  Headings; Table of Contents......................................    19
   5.7  Governing Law....................................................    19
   5.8  Waiver of Jury Trial.............................................    19
   5.9  Severability.....................................................    19
   5.10 Entire Agreement.................................................    19
</TABLE>

EXHIBITS

A   Form of Warrant
B   NaviSite Amended and Restated 2003 Stock Incentive Plan, as amended

<PAGE>

                           WARRANT PURCHASE AGREEMENT

          WARRANT PURCHASE AGREEMENT, dated as of February 13, 2007 (this
"Agreement"), between NAVISITE, INC., a Delaware corporation (the "Company"),
SPCP GROUP, LLC, a Delaware limited liability corporation ("SPCP Group"), and
SPCP GROUP III LLC, a Delaware limited liability corporation ("SPCP Group III",
collectively with SPCP Group, "Silver Point").

          WHEREAS, in connection with the execution and delivery of the
Amendment (as defined below), the Company will issue to SPCP Group and SPCP
Group III warrants to purchase an aggregate of 415,203 shares of the common
stock, par value $0.01 per share, of the Company (the "Common Stock") at a
purchase price of $0.01 per share, pursuant to the terms and subject to the
conditions of this Agreement.

          NOW, THEREFORE, in consideration of the mutual covenants and
agreements set forth herein and for good and valuable consideration, the receipt
and adequacy of which is hereby acknowledged, the parties hereto agree as
follows:

                                    ARTICLE 1

                                   DEFINITIONS

          1.1 Definitions. As used in this Agreement the following terms have
the meanings indicated:

          "Affiliate" of, or a Person "Affiliated" with, a specified Person
means any other Person directly or indirectly controlling, controlled by, or
under common control with, that Person. For the purposes of this definition,
"control" (including, with correlative meanings, the terms "controlling,"
"controlled by" and "under common control with"), as applied to any Person,
means the possession, directly or indirectly, of the power (i) to vote 5% or
more of the Securities having ordinary voting power for the election of
directors of such Person, or (ii) to direct or cause the direction of the
management and policies of that Person, whether through the ownership of voting
securities or by contract or otherwise. Notwithstanding anything to the contrary
herein, in no event shall any Agent or Lender be considered an "Affiliate" of
any Credit Party.

          "Agreement" shall have the meaning assigned to such term in the
preamble.

          "Amendment" means Amendment No. 4 and Waiver, dated as of February 13,
2007, to the Credit Agreement.

          "Business Day" means any day that is not a Saturday or Sunday or a day
on which banks are required or permitted to be closed in the State of New York.

          "Closing" shall have the meaning assigned to such term in Section 2.2.

<PAGE>

          "Closing Date" means the date the Amendment becomes effective pursuant
to its terms.

          "Company" means NaviSite, Inc., a Delaware corporation, and any
successor corporation.

          "Contracts" means all agreements, contracts, leases and subleases,
purchase orders, arrangements, commitments, non-governmental licenses, notes,
bonds, mortgages, indentures or other obligations or other understandings
(whether written or oral) (including amendments and supplements, modifications
and side letters or agreements).

          "Credit Agreement" means that certain Credit and Guaranty Agreement,
dated April 11, 2006, as amended, modified, supplemented or restated from time
to time, by and among the Company, the Guarantors party thereto, the Lenders
from time to time party thereto, and Silver Point, as Administrative Agent for
the Lenders.

          "Demanding Holder" shall have the meaning assigned to such term in
Section 4.1(b).

          "Demand Registration" shall have the meaning assigned to such term in
Section 4.1(b).

          "Dollar", "Dollars" and the symbol "$" shall mean lawful money of the
United States of America.

          "Exchange Act" means the Securities Exchange Act of 1934, as amended.

          "Governmental Entity" means any federal, state, municipal, national or
other government, governmental department, commission, board, bureau, court,
agency or instrumentality or political subdivision thereof or any entity or
officer exercising executive, legislative, judicial, regulatory or
administrative functions of or pertaining to any government or any court, in
each case whether associated with a state of the United States, the United
States, or a foreign entity or government.

          "Holder" means with respect to any Warrant or share of Warrant Stock,
the Person in whose name the Warrant or Warrant Stock is registered on the books
of the Company maintained for such purpose.

          "Lien" means (i) any lien, mortgage, pledge, assignment, security
interest, charge or encumbrance of any kind (including any agreement to give any
of the foregoing, any conditional sale or other title retention agreement, and
any lease in the nature thereof) and any option, trust or other preferential
arrangement having the practical effect of any of the foregoing, and (ii) in the
case of Securities, any purchase option, call or similar right of a third party
with respect to such Securities.

          "Material Adverse Effect" means any material adverse effect on (i) the
Securities, (ii) the ability of the Company or Silver Point to perform their
respective obligations

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under any Transaction Agreement, or (iii) the business operations, properties,
assets, condition (financial or otherwise) or prospects of Company and its
Subsidiaries taken as a whole

          "Maximum Number of Shares" shall have the meaning assigned to such
term in Section 4.1(e).

          "Original Warrants" means the Warrants originally issued by the
Company pursuant to this Agreement.

          "Person" means and includes natural persons, corporations, limited
partnerships, general partnerships, limited liability companies, limited
liability partnerships, joint stock companies, Joint Ventures, associations,
companies, trusts, banks, trust companies, land trusts, business trusts or other
organizations, whether or not legal entities, and Governmental Entities.

          "Piggyback Registration" shall have the meaning assigned to such term
in Section 4.2(a).

          "Prospectus" means the prospectus or prospectuses included in any
Registration Statement, as amended or supplemented by any prospectus supplement
with respect to the terms of the offering of any portion of the Registrable
Securities covered by such Registration Statement and by all other amendments
and supplements to the prospectus, including post-effective amendments and all
material incorporated by reference in such prospectus or prospectuses.

          "Registrable Securities" means the Common Stock of the Company owned
by the Holders, whether owned on the date hereof or acquired hereafter pursuant
to the exercise of this Warrant; provided, however, Registrable Securities shall
not include any securities sold by a Person to the public either pursuant to an
effective Registration Statement or Rule 144.

          "Registration Expenses" shall have the meaning assigned to such term
in Section 4.4(a).

          "Registration Statement" means any registration statement of the
Company which covers any of the Registrable Securities pursuant to the
provisions of this Agreement, including the Prospectus, amendments and
supplements to such Registration Statement, including post-effective amendments,
all exhibits and all materials incorporated by reference in such Registration
Statement.

          "Requesting Holder" shall have the meaning assigned to such term in
Section 4.1(a).

          "SEC" means the Securities and Exchange Commission.

          "Securities Act" means the Securities Act of 1933, as amended, and the
rules and regulations of the SEC thereunder, all as the same shall be in effect
at the time.

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          "Shelf Registration Statement" shall have the meaning assigned to such
term in Section 4.1(a).

          "Suspension Notice" shall have the meaning assigned to such term in
Section 4.3(f).

          "Transaction Agreements" means collectively, this Agreement and the
Warrant.

          "underwritten registration" or "underwritten offering" means a
registration in which securities of the Company are sold to underwriters for
reoffering to the public.

          "Warrant" means the Original Warrants and all Warrants issued upon
transfer, division or combination of, or in substitution for, the Original
Warrants, or any other Warrant subsequently issued to the Holder. All Warrants
shall at all times be identical as to terms and conditions, except as to the
number of shares of Warrant Stock for which they may be exercised and their date
of issuance.

          "Warrant Stock" means the shares of Common Stock issued, issuable or
both (as the context may require) upon the exercise of Warrants.

          1.2 Rules of Construction.

               (a) Unless otherwise specified, references in this Agreement (or
any of its Exhibits, Annexes, Appendices or Schedules) to a Section, subsection
or clause refer to such Section, subsection or clause as contained in this
Agreement. The words "herein," "hereof" and "hereunder" and other words of
similar import refer to this Agreement as a whole, including all Exhibits,
Annexes, Appendices and Schedules, as the same may from time to time be amended,
restated, modified or supplemented, and not to any particular section,
subsection or clause contained in this Agreement or any such Exhibit, Annex,
Appendix or Schedule. Unless set forth specifically otherwise, all amounts
referenced in the Transaction Agreements are in Dollars.

               (b) Wherever from the context it appears appropriate, each term
stated in either the singular or plural shall include the singular and the
plural, and pronouns stated in the masculine, feminine or neuter gender shall
include the masculine, feminine and neuter genders. The words "including",
"includes" and "include" shall be deemed to be followed by the words "without
limitation"; the word "or" is not exclusive; references to Persons include their
respective successors and assigns (to the extent and only to the extent
permitted by the Transaction Agreements) or, in the case of governmental
Persons, Persons succeeding to the relevant functions of such Persons; and all
references to statutes and related regulations shall include any amendments of
the same and any successor statutes and regulations.

                                    ARTICLE 2

                          PURCHASE AND SALE OF WARRANTS

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          2.1 Purchase and Sale of Warrants. Subject to the terms and conditions
herein set forth, the Company agrees that it will issue to Silver Point, and
Silver Point agrees that it will accept from the Company, on the Closing Date,
in consideration of the foregoing and the mutual agreements contained herein and
in the Amendment, the Warrants to purchase shares of the Common Stock, with the
Warrants being substantially in the form attached hereto as Exhibit A,
appropriately completed in conformity herewith. SPCP Group will be issued a
Warrant to purchase 311,402 shares of Common Stock (subject to adjustment) and
SPCP Group III will be issued a Warrant to purchase 103,801 shares of Common
Stock (subject to adjustment).

          2.2 Closing; Conditions to Purchase of Warrant. The closing (the
"Closing") of this Agreement shall be held at the offices of Skadden, Arps,
Slate, Meagher & Flom LLP, 333 West Wacker Drive, Chicago, Illinois, 60606 on
the Closing Date. The Closing shall occur in accordance with the provisions of
the Credit Agreement.

                                    ARTICLE 3

                               REPRESENTATIONS AND
                                   WARRANTIES

          3.1 Representations and Warranties of the Company. The Company hereby
represents and warrants to Silver Point as follows:

               (a) The Company is duly organized, validly existing and in good
standing under the laws of its jurisdiction of formation or organization and has
all requisite corporate or similar power and authority to own and operate its
properties and assets and to carry on its business as presently conducted.

               (b) The Company has all requisite power and authority and has
taken all action necessary in order to execute, deliver and perform its
obligations under the Transaction Agreements. Each of the Transaction Agreements
has been duly executed and delivered by the Company and each of the Transaction
Agreements (assuming due and valid authorization, execution and delivery hereof
and thereof by the counterparties hereto and thereto) constitutes the valid and
binding obligation of the Company and is enforceable against the Company, in
accordance with its respective terms, subject to bankruptcy, insolvency,
fraudulent transfer, reorganization, moratorium and similar laws of general
applicability relating to or affecting creditors' rights and to general equity
principles.

               (c) The authorized capital stock of the Company consists of
395,000,000 shares of common stock, par value $0.01 per share (the "Common
Stock"), and 5,000,000 shares of preferred stock, par value $0.01 per share (the
"Preferred Stock"). There are no shares of any other class or series of stock
authorized by the Company's Certificate of Incorporation, as amended. As of
February 9, 2007, there were 31,043,313 shares of Common Stock issued and
outstanding, no shares of Preferred Stock issued or outstanding and no class or
series of Preferred Stock has been designated. As of February 9, 2007, the
Company had issued options and warrants to purchase approximately 10,061,790
shares of Common Stock to

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employees, directors, financing sources and sellers of previously acquired
businesses. The authorization, execution and delivery of the Transaction
Agreements, and the performance by the Company of its obligations under each
Transaction Agreement, including the issuance of the Warrant or the issuance of
Common Stock upon exercise of the Warrant, will not result in or trigger any
adjustment or modification of the rights of any holder of outstanding options,
rights, warrants, convertible securities or any other similar security,
including without limitation any anti-dilution provisions relating to such
securities. All of the outstanding shares of Company Stock are duly authorized,
validly issued in compliance with all applicable federal and state securities
Laws, fully paid and non-assessable. All Warrant Shares, when issued, will be
duly authorized, validly issued in compliance with all applicable federal and
state securities Laws, fully paid and non-assessable. Except as set forth in
this Section or in Schedule 3.1(c), there are no existing (i) securities,
options, warrants, calls, subscriptions or other rights, convertible securities,
agreements, arrangements or commitments of any character obligating the Company
to issue, transfer or sell any shares of capital stock or other equity interest
in, the Company or securities convertible into or exchangeable for such shares
or equity interests; (ii) contractual obligations of the Company to repurchase,
redeem or otherwise acquire any capital stock of the Company; or (iii)
stockholder agreements, registration rights agreements, stock transfer
restriction agreements, voting trusts or similar agreements to which the Company
or, to the knowledge of the Company, any other person is a party with respect to
Company's Common Stock.

               (d) Except as set forth in Schedule 3.1(d), neither the
execution, delivery or performance of any Transaction Agreement by the Company,
nor the consummation by it of the obligations and transactions contemplated
hereby or thereby (including, without limitation, the issuance, the reservation
for issuance and the delivery of the Warrant Stock) requires any consent of,
authorization by, exemption from, filing with or notice to any governmental
authority or any other Person, including without limitation, any stock exchange
or quotation system on which the Common Stock is listed or traded.

               (e) The execution, delivery and performance of each Transaction
Agreement and the consummation of the transactions contemplated hereby and
thereby (including, without limitation, the issuance and reservation for
issuance, as applicable, of the Warrant Stock) will not (a) result in a
violation of the certificate of incorporation or bylaws of the Company, in each
case as amended, (b) conflict with or result in the breach of the terms,
conditions or provisions of or constitute a default (or an event which with
notice or lapse of time or both would become a default) under, or give rise to
any right of termination, acceleration or cancellation under, any agreement,
lease, mortgage, license, indenture, instrument or other contract to which the
Company or any Subsidiary is a party, (c) result in a violation of any law,
rule, regulation, order, judgment or decree (including, without limitation, U.S.
federal and state securities laws and regulations) applicable to the Company or
any Subsidiary or by which any property or asset of the Company or any
Subsidiary is bound or affected, or (d) result in the creation of any Lien upon
any of their assets.

               (f) Neither the Company nor any Subsidiary has received
notification from any Governmental Entity (a) asserting a violation of any law,
statute, ordinance or regulation or the terms of any judgments, orders, decrees,
injunctions or writs

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<PAGE>

applicable to the conduct of its business, (b) threatening to revoke any
license, franchise, permit or government authorization, or (c) restricting or in
any way limiting its operations as currently conducted or proposed to be
conducted.

                                    ARTICLE 4

                               REGISTRATION RIGHTS

          4.1 Demand Registration Rights.

               (a) Shelf Registration. At any time and from time to time before
the Expiration Date, a Holder (the "Requesting Holder") may make a written
request that the Company file a shelf registration statement (a "Shelf
Registration Statement") pursuant to Rule 415 promulgated under the Securities
Act providing for the sale by the Requesting Holder of all or part of the shares
of Common Stock owned or to be acquired by the Requesting Holder. The Requesting
Holder may, at its option, request that the Company file the Shelf Registration
Statement using Form S-3, if such form is available for use by the Company. The
Company shall use its best efforts to file such Shelf Registration Statement at
the earliest practicable date, but in any event not later than 90 days after
such request is received by the Requesting Holder, and use its best efforts to
have such Shelf Registration Statement thereafter declared effective by the SEC
at the earliest practicable date. The Company agrees to use its best efforts to
keep the Shelf Registration Statement continuously effective for the period
beginning on the date on which the Shelf Registration Statement is declared
effective until the earlier to occur of (i) three years after the date such
Shelf Registration Statement initially is declared effective by the SEC, (ii)
the day after the date on which all of the Common Stock covered by the Shelf
Registration Statement has been sold pursuant to the Shelf Registration
Statement, or (iii) the first date on which there shall cease to be any Common
Stock covered by such Shelf Registration Statement. The Company further agrees,
if necessary, to supplement or amend the Shelf Registration Statement, if
required by the rules, regulations or instructions applicable to the
registration form used by the Company or by the Securities Act or by any other
rules and regulations thereunder for shelf registration, and the Company agrees
to furnish to the Requesting Holders whose Common Stock is included in such
Shelf Registration Statement copies of any such supplement or amendment promptly
after its being issued or filed with the SEC.

               (b) Non-Shelf Registration. At any time and from time to time
before the Expiration Date, a Holder may make a written demand for registration
under the Securities Act of all or part of their Registrable Securities (a
"Demand Registration"). Any demand for a Demand Registration shall specify the
number of shares of Registrable Securities proposed to be sold and the intended
method(s) of distribution thereof. The Company shall give prompt written notice
to all holders of Registrable Securities of the demand, and each holder of
Registrable Securities who wishes to include all or a portion of such holder's
Registrable Securities in the Demand Registration (each such holder including
shares of Registrable Securities in such registration, a "Demanding Holder")
shall so notify the

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Company within fifteen (15) days after the receipt by the holder of the notice
from the Company. Upon any such request, the Demanding Holders shall be entitled
to have their Registrable Securities included in the Demand Registration. The
Company shall not be obligated to effect more than an aggregate of three (3)
Demand Registrations under this section in respect of Registrable Securities.

               (c) Effective Registration. A registration will not count as a
Demand Registration until the Registration Statement filed with the Commission
with respect to such Demand Registration has been declared effective and the
Company has complied with all of its obligations under this Agreement with
respect thereto, including, but not limited to, the registration procedures
outlined in Sections 4.3 and 4.4; provided, however, that if, after such
Registration Statement has been declared effective, the offering of Registrable
Securities pursuant to a Demand Registration is interfered with by any stop
order or injunction of the Commission or any other governmental agency or court,
the Registration Statement with respect to such Demand Registration will be
deemed not to have been declared effective, unless and until, (a) such stop
order or injunction is removed, rescinded or otherwise terminated, and (b) a
majority-in-interest of the Demanding Holders thereafter elect to continue the
offering; provided, further, that the Company shall not be obligated to file a
second Registration Statement until a Registration Statement that has been filed
is counted as a Demand Registration or is terminated.

               (d) Underwritten Offering. If the Holders so advise the Company
as part of their written demand for a Demand Registration, the offering of such
Registrable Securities pursuant to such Demand Registration shall be in the form
of an underwritten offering. If any Demand Registration is an underwritten
offering, the Demanding Holder shall have the right to select the managing
underwriter or underwriters to administer any such offering.

               (e) Priority of Offering. If the managing underwriter or
underwriters for a Demand Registration that is to be an underwritten offering
advises the Company and the Demanding Holders in writing that the dollar amount
or number of shares of Registrable Securities that the Demanding Holders desire
to sell, taken together with all other shares of Common Stock or other
securities which the Company desires to sell and the shares of Common Stock, if
any, as to which registration has been requested pursuant to written contractual
piggyback registration rights held by other stockholders of the Company who
desire to sell, exceeds the maximum dollar amount or maximum number of shares
that can be sold in such offering without adversely affecting the proposed
offering price, the timing, the distribution method, or the probability of
success of such offering (such maximum dollar amount or maximum number of
shares, as applicable, the "Maximum Number of Shares"), then the Company shall
include in such registration: (a) first, the Registrable Securities as to which
Demand Registration has been requested by the Demanding Holders (pro rata in
accordance with the number of shares of Registrable Securities which such
Demanding Holder has requested be included in such registration, regardless of
the number of shares of Registrable Securities held by each Demanding Holder)
that can be sold without exceeding the Maximum Number of Shares, (b) second, to
the extent that the Maximum Number of Shares has not been reached under the
foregoing clause (a), the shares of Common Stock or other securities that the

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Company desires to sell that can be sold without exceeding the Maximum Number of
Shares, and (c) third, to the extent that the Maximum Number of Shares has not
been reached under the foregoing clauses (a) and (b), the shares of Common Stock
or other securities for the account of other persons that the Company is
obligated to register pursuant to written contractual piggyback registration
rights with such persons and that can be sold without exceeding the Maximum
Number of Shares.

               (f) Withdrawal. If the Demanding Holders disapprove of the terms
of any underwriting or are not entitled to include all of their Registrable
Securities in any offering, any Demanding Holder may elect to withdraw from such
offering by giving written notice to the Company and the underwriter or
underwriters of their request to withdraw prior to the effectiveness of the
Registration Statement filed with the Commission with respect to such Demand
Registration. If the majority-in-interest of the Demanding Holders withdraws
from a proposed offering relating to a Demand Registration, then such
registration shall not count as a Demand Registration.

          4.2 Piggyback Registrations.

               (a) Right to Piggyback. Whenever the Company proposes to register
any of its common equity securities under the Securities Act (other than a
registration statement on Form S-8 or on Form S-4 or any similar successor forms
thereto), whether for its own account or for the account of one or more security
holders of the Company, and the registration form to be used may be used for any
registration of Registrable Securities (a "Piggyback Registration"), the Company
shall give prompt written notice (in any event within 10 days after its receipt
of notice of any exercise of other demand registration rights) to all Holders of
its intention to effect such a registration and, subject to Sections 4.2(b) and
4.2(c), shall include in such registration all Registrable Securities with
respect to which the Company has received written requests for inclusion therein
within 15 days after the receipt of the Company's notice. The Company may
postpone or withdraw the filing or the effectiveness of a Piggyback Registration
at any time in its sole discretion. The Company shall not grant Piggyback
Registration rights with equal or higher priority than the rights granted in
this Section 4.2.

               (b) Priority on Primary Registrations. If a Piggyback
Registration is an underwritten primary registration on behalf of the Company,
and the managing underwriters advise the Company in writing that in their
opinion the number of securities requested to be included in such registration
exceeds the number which can be sold in such offering and/or that the number of
securities proposed to be included in any such registration would adversely
affect the price per share of the Company's equity securities to be sold in such
offering, the Company shall include in such registration (i) first, the
securities the Company proposes to sell, (ii) second, other securities,
including Registrable Securities, requested to be included in such registration
pro rata among (A) the holders of such securities who have been granted
registration rights similar to the Holders prior to the date hereof and (B) the
Holders, collectively, on the basis of the number of securities requested to be
registered by such holders, including the Holders, or as such holders, including
the Holders, may otherwise agree, and (iii) third, other securities requested to
be included in such registration.

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<PAGE>

               (c) Priority on Secondary Registrations. If a Piggyback
Registration is an underwritten secondary registration on behalf of a holder of
the Company's securities other than Registrable Securities pursuant to demand
registration rights, and the managing underwriters advise the Company in writing
that in their opinion the number of securities requested to be included in such
registration exceeds the number which can be sold in such offering and/or that
the number of shares of Registrable Securities proposed to be included in any
such registration would adversely affect the price per share of the Company's
equity securities to be sold in such offering, the Company shall include in such
registration (i) first, the securities requested to be included therein by the
holders requesting such registration, pro rata among the holders of such
securities on the basis of the number of securities requested to be registered
by such holders, and (ii) second, other securities, including Registrable
Securities, requested to be included in such registration pro rata among (A) the
holders of such securities who have been granted registration rights similar to
the Holders prior to the date hereof and (B) the Holders collectively, on the
basis of the number of securities requested to be registered by such holders,
including the Holders, or as such holders, including the Holders, may otherwise
agree, and (iii) third, other securities requested to be included in such
registration.

               (d) Selection of Underwriters. If any Piggyback Registration is
an underwritten primary offering, the Company shall have the right to select the
managing underwriter or underwriters to administer any such offering.

          4.3 Registration Procedures.

               (a) Whenever the Holders request that any Registrable Securities
be registered pursuant to this Agreement, the Company shall use its best efforts
to effect the registration and the sale of such Registrable Securities in
accordance with the intended methods of disposition thereof, and pursuant
thereto the Company shall as expeditiously as possible:

                    (i) prepare and file with the SEC a Registration Statement
with respect to such Registrable Securities and use its best efforts to cause
such Registration Statement to become effective as soon as practicable
thereafter; and before filing a Registration Statement or Prospectus or any
amendments or supplements thereto, furnish to the Holders of Registrable
Securities covered by such Registration Statement and the underwriter or
underwriters, if any, copies of all such documents proposed to be filed,
including documents incorporated by reference in the Prospectus and, if
requested by such Holders, the exhibits incorporated by reference, and such
Holders shall have the opportunity to object to any information pertaining to
such Holders that is contained therein and the Company will make the corrections
reasonably requested by such Holders with respect to such information prior to
filing any Registration Statement or amendment thereto or any Prospectus or any
supplement thereto;

                    (ii) prepare and file with the SEC such amendments and
supplements to such Registration Statement and the Prospectus used in connection
therewith as may be necessary to keep such Registration Statement effective for
a period as is necessary to complete the distribution of the securities covered
by such Registration Statement and comply with the provisions of the Securities
Act with respect to the disposition of all securities covered

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by such Registration Statement during such period in accordance with the
intended methods of disposition by the sellers thereof set forth in such
Registration Statement;

                    (iii) furnish to each seller of Registrable Securities such
number of copies of such Registration Statement, each amendment and supplement
thereto, the Prospectus included in such Registration Statement (including each
preliminary Prospectus) and such other documents as such seller may reasonably
request in order to facilitate the disposition of the Registrable Securities
owned by such seller;

                    (iv) use its best efforts to register or qualify such
Registrable Securities under such other securities or blue sky laws of such
jurisdictions as any seller reasonably requests and do any and all other acts
and things which may be reasonably necessary or advisable to enable such seller
to consummate the disposition in such jurisdictions of the Registrable
Securities owned by such seller (provided, that the Company will not be required
to (i) qualify generally to do business in any jurisdiction where it would not
otherwise be required to qualify but for this subparagraph (iv), (ii) subject
itself to taxation in any such jurisdiction, or (iii) consent to general service
of process in any such jurisdiction);

                    (v) notify each seller of such Registrable Securities, at
any time when a Prospectus relating thereto is required to be delivered under
the Securities Act, of the occurrence of any event as a result of which the
Prospectus included in such Registration Statement contains an untrue statement
of a material fact or omits any fact necessary to make the statements therein
not misleading, and, at the request of any such seller, the Company shall
prepare a supplement or amendment to such Prospectus so that, as thereafter
delivered to the purchasers of such Registrable Securities, such Prospectus
shall not contain an untrue statement of a material fact or omit to state any
material fact necessary to make the statements therein not misleading;

                    (vi) in the case of an underwritten offering, enter into
such customary agreements (including underwriting agreements in customary form)
and take all such other actions as the Holders of a majority of number of shares
of the Registrable Securities being sold or the underwriters reasonably request
in order to expedite or facilitate the disposition of such Registrable
Securities (including, without limitation, effecting a stock split or a
combination of shares and making members of senior management of the Company
available to participate in, and cause them to cooperate with the underwriters
in connection with, "road-show" and other customary marketing activities
(including one-on-one meetings with prospective purchasers of the Registrable
Securities)) and cause to be delivered to the underwriters and the sellers, if
any, opinions of counsel to the Company in customary form, covering such matters
as are customarily covered by opinions for an underwritten public offering as
the underwriters may request and addressed to the underwriters and the sellers;

                    (vii) make available, for inspection by any seller of
Registrable Securities, any underwriter participating in any disposition
pursuant to such Registration Statement, and any attorney, accountant or other
agent retained by any such seller or underwriter, all financial and other
records, pertinent corporate documents and properties of the Company, and cause
the Company's officers, directors, employees and independent

                                       11

<PAGE>

accountants to supply all information reasonably requested by any such seller,
underwriter, attorney, accountant or agent in connection with such Registration
Statement;

                    (viii) use its best efforts to cause all such Registrable
Securities to be listed on each securities exchange on which securities of the
same class issued by the Company are then listed or, if no such similar
securities are then listed, on The Nasdaq National Market System or a national
securities exchange selected by the Company;

                    (ix) provide a transfer agent and registrar for all such
Registrable Securities not later than the effective date of such Registration
Statement;

                    (x) if requested, cause to be delivered, immediately prior
to the effectiveness of the Registration Statement (and, in the case of an
underwritten offering, at the time of delivery of any Registrable Securities
sold pursuant thereto), letters from the Company's independent certified public
accountants addressed to each selling Holder (unless such selling Holder does
not provide to such accountants the appropriate representation letter required
by rules governing the accounting profession) and each underwriter, if any,
stating that such accountants are independent public accountants within the
meaning of the Securities Act and the applicable rules and regulations adopted
by the SEC thereunder, and otherwise in customary form and covering such
financial and accounting matters as are customarily covered by letters of the
independent certified public accountants delivered in connection with primary or
secondary underwritten public offerings, as the case may be;

                    (xi) make generally available to its stockholders a
consolidated earnings statement (which need not be audited) for the 12 months
beginning after the effective date of a Registration Statement as soon as
reasonably practicable after the end of such period, which earnings statement
shall satisfy the requirements of an earning statement under Section 11(a) of
the Securities Act; and

                    (xii) promptly notify each seller of Registrable Securities
and the underwriter or underwriters, if any:

               (1)  when the Registration Statement, any pre-effective
                    amendment, the Prospectus or any Prospectus supplement or
                    post-effective amendment to the Registration Statement has
                    been filed and, with respect to the Registration Statement
                    or any post-effective amendment, when the same has become
                    effective;

               (2)  of any written request by the SEC for amendments or
                    supplements to the Registration Statement or Prospectus;

               (3)  of the notification to the Company by the SEC of its
                    initiation of any proceeding with respect to the issuance by
                    the SEC of any stop order suspending the effectiveness of
                    the Registration Statement; and

                                       12

<PAGE>

               (4)  of the receipt by the Company of any notification with
                    respect to the suspension of the qualification of any
                    Registrable Securities for sale under the applicable
                    securities or blue sky laws of any jurisdiction.

               (b) No Registration Statement (including any amendments or
supplements thereto and Prospectuses contained therein) shall contain any untrue
statement of a material fact or omit to state a material fact required to be
stated therein, or necessary to make the statements therein not misleading
(except, with respect to any Holder, for an untrue statement or alleged untrue
statement of a material fact or omission or alleged omission of a material fact
made in reliance on and in conformity with written information furnished to the
Company by or on behalf of such Holder specifically for use therein).

               (c) The Company shall make available to each Holder whose
Registrable Securities is included in a Registration Statement (i) promptly
after the same is prepared and publicly distributed, filed with the SEC, or
received by the Company, one copy of each Registration Statement and any
amendment thereto, each preliminary Prospectus and Prospectus and each amendment
or supplement thereto, each letter written by or on behalf of the Company to the
SEC or the staff of the SEC (or other governmental agency or self-regulatory
body or other body having jurisdiction, including any domestic or foreign
securities exchange), and each item of correspondence from the SEC or the staff
of the SEC (or other governmental agency or self-regulatory body or other body
having jurisdiction, including any domestic or foreign securities exchange), in
each case relating to such Registration Statement (other than any portion
thereof which contains information for which the Company has sought confidential
treatment), and (ii) such number of copies of a Prospectus, including a
preliminary Prospectus, and all amendments and supplements thereto and such
other documents as such Holder may reasonably request in order to facilitate the
disposition of the Registrable Securities owned by such Holder. The Company will
promptly notify each Holder by facsimile of the effectiveness of each
Registration Statement or any post-effective amendment. The Company will
promptly respond to any and all comments received from the SEC, with a view
towards causing each Registration Statement or any amendment thereto to be
declared effective by the SEC as soon as practicable and shall file an
acceleration request as soon as practicable following the resolution or
clearance of all SEC comments or, if applicable, following notification by the
SEC that any such Registration Statement or any amendment thereto will not be
subject to review.

               (d) At all times after the Company has filed a registration
statement with the SEC pursuant to the requirements of either the Securities Act
or the Exchange Act, the Company shall file all reports required to be filed by
it under the Securities Act and the Exchange Act and the rules and regulations
adopted by the SEC thereunder, and take such further action as any Holders may
reasonably request, all to the extent required to enable such Holders to be
eligible to sell Registrable Securities pursuant to Rule 144 (or any similar
rule then in effect).

               (e) The Company may require each seller of Registrable Securities
as to which any registration is being effected to furnish to the Company any
other information

                                       13

<PAGE>

regarding such seller and the distribution of such securities as the Company may
from time to time reasonably request in writing.

               (f) Each seller of Registrable Securities agrees by having its
stock treated as Registrable Securities hereunder that, upon notice of the
happening of any event as a result of which the Prospectus included in such
Registration Statement contains an untrue statement of a material fact or omits
any material fact necessary to make the statements therein not misleading (a
"Suspension Notice"), such seller will forthwith discontinue disposition of
Registrable Securities for a reasonable length of time not to exceed 60 days
until such seller is advised in writing by the Company that the use of the
Prospectus may be resumed and is furnished with a supplemented or amended
Prospectus as contemplated by Section 4.3(e) hereof, and, if so directed by the
Company, such seller will deliver to the Company (at the Company's expense) all
copies, other than permanent file copies then in such seller's possession, of
the Prospectus covering such Registrable Securities current at the time of
receipt of such notice; provided, however, that such postponement of sales of
Registrable Securities by the Holders shall not exceed ninety (90) days in the
aggregate in any one year. If the Company shall give any notice to suspend the
disposition of Registrable Securities pursuant to a Prospectus, the Company
shall extend the period of time during which the Company is required to maintain
the Registration Statement effective pursuant to this Agreement by the number of
days during the period from and including the date of the giving of such notice
to and including the date such seller either is advised by the Company that the
use of the Prospectus may be resumed or receives the copies of the supplemented
or amended Prospectus contemplated by Section 4.3(e). In any event, the Company
shall not be entitled to deliver more than two (2) Suspension Notices in any one
year.

          4.4 Registration Expenses.

               (a) All expenses incident to the Company's performance of or
compliance with this Article 4, including, without limitation, all registration
and filing fees, fees and expenses of compliance with securities or blue sky
laws, listing application fees, printing expenses, transfer agent's and
registrar's fees, cost of distributing Prospectuses in preliminary and final
form as well as any supplements thereto, and fees and disbursements of counsel
for the Company and all independent certified public accountants and other
Persons retained by the Company (all such expenses being herein called
"Registration Expenses") (but not including any underwriting discounts or
commissions attributable to the sale of Registrable Securities or fees and
expenses of more than one counsel representing the Holders of Registrable
Securities), shall be borne by the Company. In addition, the Company shall pay
its internal expenses (including, without limitation, all salaries and expenses
of its officers and employees performing legal or accounting duties), the
expense of any annual audit or quarterly review, the expense of any liability
insurance and the expenses and fees for listing the securities to be registered
on each securities exchange on which they are to be listed.

               (b) In connection with each registration initiated hereunder, the
Company shall reimburse the Holders covered by such registration or sale for the
reasonable fees and disbursements of one law firm chosen by the Holders of a
majority of the number of shares of Registrable Securities included in such
registration or sale.

                                       14

<PAGE>

               (c) The obligation of the Company to bear the expenses described
in Section 4.4(a) and to reimburse the Holders for the expenses described in
Section 4.4(b) shall apply irrespective of whether a registration, once properly
demanded, if applicable, becomes effective, is withdrawn or suspended, is
converted to another form of registration and irrespective of when any of the
foregoing shall occur; provided, however, that Registration Expenses for any
Registration Statement withdrawn solely at the request of a Holder of
Registrable Securities or any supplements or amendments to a Registration
Statement or Prospectus resulting from a misstatement furnished to the Company
by a Holder shall be borne by such Holder.

          4.5 Indemnification.

               (a) In connection with any Registration Statement in which a
Holder of Registrable Securities is participating, the Company shall indemnify
each Holder, its officers, directors and Affiliates and each Person who controls
such Holder (within the meaning of the Securities Act) against all losses,
claims, damages, liabilities and expenses arising out of or based upon any
untrue or alleged untrue statement of material fact contained in any
Registration Statement, Prospectus or preliminary Prospectus or any amendment
thereof or supplement thereto or any omission or alleged omission of a material
fact required to be stated therein or necessary to make the statements therein
not misleading or any violation or alleged violation by the Company of the
Securities Act, the Exchange Act or applicable "blue sky" laws, except insofar
as the same are made in reliance and in conformity with information relating to
such Holder furnished in writing to the Company by such Holder expressly for use
therein or caused by such Holder's failure to deliver to such Holder's immediate
purchaser a copy of the Prospectus or any amendments or supplements thereto (if
the same was required by applicable law to be so delivered) after the Company
has furnished such Holder with a sufficient number of copies of the same. In
connection with an underwritten offering, the Company shall indemnify such
underwriters, their officers and directors and each Person who controls such
underwriters (within the meaning of the Securities Act) to the same extent as
provided above with respect to the indemnification of the Holders.

               (b) In connection with any Registration Statement in which a
Holder of Registrable Securities is participating, each such Holder shall
furnish to the Company in writing such information as the Company reasonably
requests for use in connection with any such Registration Statement or
Prospectus and, shall indemnify, to the fullest extent permitted by law, the
Company, its officers, directors, Affiliates, and each Person who controls the
Company (within the meaning of the Securities Act) against all losses, claims,
damages, liabilities and expenses arising out of or based upon any untrue or
alleged untrue statement of material fact contained in the Registration
Statement, Prospectus or preliminary Prospectus or any amendment thereof or
supplement thereto or any omission or alleged omission of a material fact
required to be stated therein or necessary to make the statements therein not
misleading, but only to the extent that the same are made in reliance and in
conformity with information relating to such Holder furnished in writing to the
Company by such Holder expressly for use therein; provided, however, that the
obligation to indemnify shall be several, not joint and several, among such
Holders and the liability of each such Holder shall be in

                                       15

<PAGE>

proportion to and limited to the net amount received by such Holder from the
sale of Registrable Securities pursuant to such Registration Statement.

               (c) Any Person entitled to indemnification hereunder shall (i)
give prompt written notice to the indemnifying party of any claim with respect
to which it seeks indemnification and (ii) unless in such indemnified party's
reasonable judgment a conflict of interest between such indemnified and
indemnifying parties may exist with respect to such claim, permit such
indemnifying party to assume the defense of such claim with counsel reasonably
satisfactory to the indemnified party. If such defense is assumed, the
indemnifying party shall not be subject to any liability for any settlement made
by the indemnified party without its consent (but such consent will not be
unreasonably withheld). An indemnifying party who is not entitled to, or elects
not to, assume the defense of a claim shall not be obligated to pay the fees and
expenses of more than one counsel for all parties indemnified by such
indemnifying party with respect to such claim, unless in the reasonable judgment
of any indemnified party there may be one or more legal or equitable defenses
available to such indemnified party which are in addition to or may conflict
with those available to another indemnified party with respect to such claim.
Failure to give prompt written notice shall not release the indemnifying party
from its obligations hereunder.

               (d) The indemnification provided for under this Agreement shall
remain in full force and effect regardless of any investigation made by or on
behalf of the indemnified party or any officer, director or controlling Person
of such indemnified party and shall survive the transfer of securities.

               (e) If the indemnification provided for in or pursuant to this
Section 4.5 is due in accordance with the terms hereof, but is held by a court
to be unavailable or unenforceable in respect of any losses, claims, damages,
liabilities or expenses referred to herein, then each applicable indemnifying
party, in lieu of indemnifying such indemnified party, shall contribute to the
amount paid or payable by such indemnified Person as a result of such losses,
claims, damages, liabilities or expenses in such proportion as is appropriate to
reflect the relative fault of the indemnifying party on the one hand and of the
indemnified party on the other in connection with the statements or omissions
which result in such losses, claims, damages, liabilities or expenses as well as
any other relevant equitable considerations. The relative fault of the
indemnifying party on the one hand and of the indemnified Person on the other
shall be determined by reference to, among other things, whether the untrue or
alleged untrue statement of a material fact or the omission or alleged omission
to state a material fact relates to information supplied by the indemnifying
party or by the indemnified party, and by such party's relative intent,
knowledge, access to information and opportunity to correct or prevent such
statement or omission. In no event shall the liability of any selling Holder be
greater in amount than the amount of net proceeds received by such Holder upon
such sale or the amount for which such indemnifying party would have been
obligated to pay by way of indemnification if the indemnification provided for
under Section 4.5(a) or 4.5(b) hereof had been available under the
circumstances.

          4.6 Participation in Underwritten Registrations. No Person may
participate in any registration hereunder which is underwritten unless such
Person (a) agrees to sell such

                                       16

<PAGE>

Person's securities on the basis provided in any underwriting arrangements
approved by the Person or Persons entitled hereunder to approve such
arrangements and (b) completes and executes all questionnaires, powers of
attorney, indemnities, underwriting agreements and other documents required
under the terms of such underwriting arrangements.

          4.7 Listing. From and after the Closing Date, the Company covenants
that it will use its best efforts to effect and maintain the quotation of all
the Warrant Stock on the Nasdaq Stock Market, or the primary stock exchange or
quotation service upon which the Common Stock is then traded, subject to
official notice of issuance.

          4.8 Rule 144. The Company covenants that it will file the reports
required to be filed by it under the Securities Act and the Exchange Act and the
rules and regulations adopted by the SEC thereunder, and it will take such
further action as any Holder may reasonably request to make available adequate
current public information with respect to the Company meeting the current
public information requirements of Rule 144(c) under the Securities Act, to the
extent required to enable such Holder to sell Registrable Securities without
registration under the Securities Act within the limitation of the exemptions
provided by (i) Rule 144 under the Securities Act, as such Rule may be amended
from time to time, or (ii) any similar rule or regulation hereafter adopted by
the SEC. Upon the request of any Holder, the Company will deliver to such Holder
a written statement as to whether it has complied with such information and
requirements.

                                    ARTICLE 5

                                  MISCELLANEOUS

          5.1 Survival of Representations and Warranties. All of the
representations and warranties made herein shall survive the execution and
delivery of this Agreement, any investigation by or on behalf of the Holder,
acceptance of the Warrant and payment therefor, exercise of the Warrant or
termination of this Agreement.

          5.2 Notices. All notices or other communications hereunder shall be
deemed to have been duly given and made if in writing and if served by personal
delivery upon the party for whom it is intended or by a national courier
service, or if sent by facsimile; provided that the facsimile is promptly
confirmed by written confirmation by a national courier service thereof, to the
person at the address set forth below, or such other address as may be
designated in writing hereafter, in the same manner, by such person:

          If to Silver Point, to:

                                       17

<PAGE>

               Silver Point Capital
               Two Greenwich Plaza
               Greenwich, CT 06830
               Attn.: Jennifer Poccia
               Voice: 203-542-4438
               Email: jpoccia@silverpointcapital.com

          with a copy (which shall not constitute notice to Silver Point), to:

               Skadden, Arps, Slate, Meagher & Flom LLP
               333 West Wacker Drive
               Suite 2100
               Chicago, IL 60606
               Attn.: Seth E. Jacobson
                      L. Byron Vance III
               Voice: 312-407-0700
               Fax: 312-407-0411

          If to the Company, to:

               NaviSite, Inc.
               400 Minuteman Road
               Andover, MA 01810
               Attn.: James W. Pluntze
               Voice: (978) 946-7915
               Fax: (978) 946-7803

          with a copy (which shall not constitute notice to the Company), to:

               BRL Law Group LLC
               31 St. James Avenue, Suite 850
               Boston, MA 02116
               Attention: Thomas B. Rosedale
               Voice: (617) 399-6935
               Fax: (617) 399-6930

     Any notice given by overnight courier is effective upon receipt against the
Person who receives it.

          5.3 Successors and Assigns. This Agreement shall inure to the benefit
of and be binding upon the parties hereto and their respective successors and
assigns, including any transferee of all or any portion of the Warrant or the
Warrant Stock .

                                       18

<PAGE>

          5.4 Amendment and Waiver. Any provision of this Agreement may be
amended or waived if, and only if, such amendment or waiver is in writing and
signed, in the case of an amendment, by Silver Point and the Company, or in the
case of a waiver, by the party against whom the waiver is to be effective. No
failure or delay by any party in exercising any right, power or privilege
hereunder shall operate as a waiver thereof nor shall any single or partial
exercise thereof preclude any other or further exercise thereof or the exercise
of any other right, power or privilege.

          5.5 Counterparts. This Agreement and any amendments hereto may be
executed in one or more counterparts, each of which shall be deemed to be an
original by the parties executing such counterpart, but all of which shall be
considered one and the same instrument.

          5.6 Headings; Table of Contents. The section and paragraph headings
and table of contents contained in this Agreement are for reference purposes
only and shall not in any way affect the meaning or interpretation of this
Agreement.

          5.7 Governing Law. IN ALL RESPECTS, INCLUDING ALL MATTERS OF
CONSTRUCTION, VALIDITY AND PERFORMANCE, THIS WARRANT SHALL BE GOVERNED BY, AND
CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF DELAWARE
WITHOUT REGARD TO CONFLICT OF LAW PRINCIPLES AND ANY APPLICABLE LAWS OF THE
UNITED STATES OF AMERICA.

          5.8 Waiver of Jury Trial. THE PARTIES HERETO WAIVE ALL RIGHT TO TRIAL
BY JURY IN ANY ACTION, SUIT, OR PROCEEDING BROUGHT TO RESOLVE ANY DISPUTE,
WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE, BETWEEN THE COMPANY AND SILVER
POINT ARISING OUT OF, CONNECTED WITH, RELATED TO, OR INCIDENTAL TO THE
RELATIONSHIP ESTABLISHED AMONG THEM IN CONNECTION WITH, THIS AGREEMENT OR ANY OF
THE OTHER TRANSACTION AGREEMENTS OR THE TRANSACTIONS RELATED THERETO.

          5.9 Severability. Wherever possible, each provision of this Agreement
shall be interpreted in such a manner as to be effective and valid under
applicable law, but if any provision of this Agreement shall be prohibited by or
invalid under applicable law, such provision shall be ineffective only to the
extent of such prohibition or invalidity without invalidating the remainder of
such provision or the remaining provisions of this Agreement.

          5.10 Entire Agreement. The Transaction Agreements constitute the
complete agreement between the parties with respect to the subject matter
thereof and may not be modified, altered or amended except as set forth in
Section 5.4.

                                       19

<PAGE>

          IN WITNESS WHEREOF, the parties hereto have caused this Agreement to
be executed and delivered by their respective officers hereunto duly authorized
as of the date first above written.

                                        NAVISITE, INC.

                                        By /s/ James W. Pluntze
                                           -------------------------------------
                                        Name: James W. Pluntze
                                        Title: Chief Financial Officer

                                        SPCP GROUP, LLC

                                        By /s/ Frederick H. Fogel
                                           -------------------------------------
                                        Name: Frederick H. Fogel
                                        Title: Authorized Signatory

                                        SPCP GROUP III LLC

                                        By /s/ Frederick H. Fogel
                                           -------------------------------------
                                        Name: Frederick H. Fogel
                                        Title: Authorized Signatory<PAGE>

                                                                    Exhibit 10.2

                                     WARRANT

                           TO PURCHASE COMMON STOCK OF

                                 NAVISITE, INC.

                                          Warrant No. B-1
                                          Original Issue Date: February 13, 2007

<PAGE>

THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR APPLICABLE STATE
SECURITIES LAWS AND MAY NOT BE SOLD OR TRANSFERRED UNLESS (I) A REGISTRATION
STATEMENT COVERING SUCH SHARES IS EFFECTIVE UNDER THE ACT OR (II) THE
TRANSACTION IS EXEMPT FROM REGISTRATION UNDER THE ACT.

                                                                 Warrant No. B-1

                                     WARRANT

      TO PURCHASE 311,402 SHARES (SUBJECT TO ADJUSTMENT) OF COMMON STOCK OF

                                 NAVISITE, INC.

          THIS IS TO CERTIFY THAT SPCP Group, LLC, a Delaware limited liability
corporation ("Silver Point"), or its registered assigns, is entitled, at any
time prior to the Expiration Date to purchase from NaviSite, Inc., a Delaware
corporation (the "Company"), 311,402 shares (subject to adjustment as provided
herein) of the common stock, par value $0.01 per share, of the Company at a
purchase price of $0.01 per share (the initial "Exercise Price", subject to
adjustment as provided herein).

          This Warrant was issued in connection with that certain Amendment No.
4 and Waiver (the "Amendment"), dated as of February 13, 2007, to the Credit and
Guaranty Agreement, dated April 11, 2006, by and among the Company, the
Guarantors party thereto, the Lenders from time to time party thereto, and
Silver Point, as Administrative Agent for the Lenders (as amended, modified,
supplemented or restated from time to time, the "Credit Agreement"), and is
subject to the terms thereof.

1.   DEFINITIONS

     As used in this Warrant, the following terms have the respective meanings
set forth below:

     "Affiliate" of, or a Person "Affiliated" with, a specified Person means any
other Person directly or indirectly controlling, controlled by, or under common
control with, that Person. For the purposes of this definition, "control"
(including, with correlative meanings, the terms "controlling," "controlled by"
and "under common control with"), as applied to any Person, means the
possession, directly or indirectly, of the power (i) to vote 5% or more of the
Securities having ordinary voting power for the election of directors of such
Person, or (ii) to direct or cause the direction of the management and policies
of that Person, whether through the ownership of voting securities or by
contract or otherwise. Notwithstanding anything to the

<PAGE>

contrary herein, in no event shall any Agent or Lender be considered an
"Affiliate" of any Credit Party.

     "Affiliate Transaction" shall have the meaning assigned to it in Section
5.4 hereof.

     "Agreed Rate" means the rate of interest announced publicly by Citibank,
N.A. in New York, New York, from time to time, as Citibank, N.A.'s base rate.

     "Appraisal Procedure" means the following procedure to determine the fair
market value, as to any security, for purposes of the definition of "Fair Market
Value" or the fair market value, as to any other property (in either case, the
"Valuation Amount"). The Valuation Amount shall be determined in good faith
jointly by the Company and the Holder; provided, however, that if such parties
are not able to agree on the Valuation Amount within a reasonable period of time
(not to exceed twenty (20) Business Days), the Valuation Amount shall be
determined by an investment banking firm of national reputation, which firm
shall be reasonably acceptable to the Company and the Holder. If the Company and
the Holder are unable to agree upon an acceptable investment banking firm within
ten (10) days after the date either party proposed that one be selected, the
investment banking firm will be selected by an arbitrator located in New York
City, New York, selected by the American Arbitration Association (or if such
organization ceases to exist, the arbitrator shall be chosen by a court of
competent jurisdiction). The arbitrator shall select the investment banking firm
(within ten (10) days of his appointment) from a list, jointly prepared by the
Company and the Holder, of not more than six investment banking firms of
national reputation in the United States, of which no more than three may be
named by the Company and no more than three may be named by the Holder. The
arbitrator may consider, within the ten-day period allotted, arguments from the
parties regarding which investment banking firm to choose, but the selection by
the arbitrator shall be made in its sole discretion from the list of six. The
Company and the Holder shall submit their respective valuations and other
relevant data to the investment banking firm, and the investment banking firm
shall, within thirty days of its appointment, make its own determination of the
Valuation Amount. The determination of the final Valuation Amount by such
investment banking firm shall be final and binding upon the parties. The Company
shall pay all of the fees and expenses of the investment banking firm and
arbitrator (if any) used to determine the Valuation Amount. If required by any
such investment banking firm or arbitrator, the Company shall execute a retainer
and engagement letter containing reasonable terms and conditions, including,
without limitation, customary provisions concerning the rights of
indemnification and contribution by the Company in favor of such investment
banking firm or arbitrator and its officers, directors, partners, employees,
agents and Affiliates.

     "Board Observer" shall have the meaning assigned to it in Section 9.3
hereof.

     "Business Day" means any day that is not a Saturday or Sunday or a day on
which banks are required or permitted to be closed in the State of New York.

     "Commission" means the Securities and Exchange Commission or any other
federal agency then administering the Securities Act and other federal
securities laws.

                                       2

<PAGE>

     "Common Stock" means the common stock, par value $0.01 per share, of the
Company as constituted on the Original Issue Date, and any capital stock into
which such Common Stock may thereafter be changed, and shall also include (i)
capital stock of the Company of any other class (regardless of how denominated)
issued to the holders of shares of any Common Stock upon any reclassification
thereof which is also not preferred as to dividends or liquidation over any
other class of stock of the Company and which is not subject to redemption and
(ii) shares of common stock of any successor or acquiring corporation received
by or distributed to the holders of Common Stock of the Company in the
circumstances contemplated by Section 4.6 hereof.

     "Company" means NaviSite, Inc., a Delaware corporation, and any successor
corporation.

     "Conversion Cap" shall have the meaning assigned to it in Section 4.13
hereof.

     "Designated Office" shall have the meaning assigned to it in Section 8
hereof.

     "Dilution Price" shall mean, with respect to each share of Common Stock,
$3.50, subject to appropriate adjustment for events described in Sections 4.4,
4.5 and 4.6.

     "Exercise Date" shall have the meaning assigned to it in Section 2.1(a)
hereof.

     "Exercise Notice" shall have the meaning assigned to it in Section 2.1(a)
hereof.

     "Exercise Price" means, in respect of a share of Warrant Stock at any date
herein specified, the initial Exercise Price set forth in the preamble of this
Warrant, as adjusted from time to time pursuant to Section 4 hereof.

     "Expiration Date" means the 10th anniversary of the Original Issue Date.

     "Fair Market Value" means, as to any security, the Twenty Day Average of
the average closing prices of such security's sales on all domestic securities
exchanges on which such security may at the time be listed, or, if there have
been no sales on any such exchange on any day, the average of the highest bid
and lowest asked prices on all such exchanges at the end of such day, or, if on
any day such security is not so listed, the average of the representative bid
and asked prices quoted on The Nasdaq Capital Market as of 4:00 P.M., New York
City time, on such day, or, if on any day such security is not quoted on The
Nasdaq Capital Market, the average of the highest bid and lowest asked prices on
such day in the domestic over-the-counter market as reported by the National
Quotation Bureau, Incorporated, or any similar or successor organization (and in
each such case excluding any trades that are not bona fide, arm's length
transactions). If at any time such security is not listed on any domestic
securities exchange or quoted on The Nasdaq Capital Market or the domestic
over-the-counter market, the "Fair Market Value" of such security shall be the
fair market value thereof as determined in accordance with the Appraisal
Procedure, using any appropriate valuation method, assuming an arms-length sale
to an independent party. "Fair Market Value" means, with respect to property
other than securities, the "fair market value" determined in accordance with the
Appraisal Procedure. No amount shall be ascribed to "Fair Market Value" with
respect to any non-cash consideration other than a security or other property,
as contemplated above.

                                       3

<PAGE>

     "Financial Officer Certification" means, with respect to the financial
statements for which such certification is required, the certification of the
chief financial officer of Company that such financial statements fairly
present, in all material respects, the financial condition of Company and its
Subsidiaries as at the dates indicated and the results of their operations and
their cash flows for the periods indicated, in each case in conformity with GAAP
applied on a consistent basis, subject, in the case of interim financial
statements, to changes resulting from normal audit and year end adjustments.

     "Fiscal Quarter" means a fiscal quarter of any Fiscal Year.

     "Fiscal Year" means the fiscal year of Company and its Subsidiaries ending
on July 31 of each calendar year.

     "GAAP" means United States generally accepted accounting principles
consistently applied.

     "Governmental Entity" means any federal, state, municipal, national or
other government, governmental department, commission, board, bureau, court,
agency or instrumentality or political subdivision thereof or any entity or
officer exercising executive, legislative, judicial, regulatory or
administrative functions of or pertaining to any government or any court, in
each case whether associated with a state of the United States, the United
States, or a foreign entity or government.

     "Holder" means (a) with respect to this Warrant, the Person in whose name
the Warrant set forth herein is registered on the books of the Company
maintained for such purpose and (b) with respect to any other Warrant or shares
of Warrant Stock, the Person in whose name such Warrant or Warrant Stock is
registered on the books of the Company maintained for such purpose.

     "Lien" means (i) any lien, mortgage, pledge, assignment, security interest,
charge or encumbrance of any kind (including any agreement to give any of the
foregoing, any conditional sale or other title retention agreement, and any
lease in the nature thereof) and any option, trust or other preferential
arrangement having the practical effect of any of the foregoing, and (ii) in the
case of Securities, any purchase option, call or similar right of a third party
with respect to such Securities.

     "Original Issue Date" means February 13, 2007, the date on which the
Original Warrants were issued by the Company pursuant to the Purchase Agreement.

     "Original Warrants" means the Warrants originally issued by the Company
pursuant to the Purchase Agreement.

     "Outstanding" means, when used with reference to Common Stock, at any date
as of which the number of shares thereof is to be determined, all issued shares
of Common Stock, except shares then owned or held by or for the account of the
Company or any Subsidiary, and shall include all shares issuable in respect of
outstanding scrip or any certificates representing fractional interests in
shares of Common Stock.

                                       4

<PAGE>

     "Person" means and includes natural persons, corporations, limited
partnerships, general partnerships, limited liability companies, limited
liability partnerships, joint stock companies, Joint Ventures, associations,
companies, trusts, banks, trust companies, land trusts, business trusts or other
organizations, whether or not legal entities, and Governmental Entity.

     "Purchase Agreement" means the Warrant Purchase Agreement by and between
the Company, SPCP Group, LLC and SPCP Group III LLC, dated as of February 13,
2007.

     "Securities Act" means the Securities Act of 1933, as amended, and the
rules and regulations of the Commission thereunder, all as the same shall be in
effect at the time.

     "Stock Incentive Plan" shall have the meaning assigned to it in Section
4.16 hereof.

     "Subsidiary" means any corporation, association, trust, limited liability
company, partnership, joint venture or other business association or entity (i)
at least 50% of the Outstanding voting securities of which are at the time owned
or controlled, directly or indirectly, by the Company; or (ii) with respect to
which the Company possesses, directly or indirectly, the power to direct or
cause the direction of the affairs or management of such Person.

     "Transfer" means any disposition of any Warrant or Warrant Stock or of any
interest therein, which would constitute a "sale" thereof or a transfer of a
beneficial interest therein within the meaning of the Securities Act.

     "Twenty Day Average" means, with respect to any prices and in connection
with the calculation of Fair Market Value, the average of such prices over the
twenty Business Days ending on the Business Day immediately prior to the day as
of which "Fair Market Value" is being determined.

     "Warrant Price" means an amount equal to (i) the number of shares of
Warrant Stock being purchased upon exercise of this Warrant pursuant to Section
2.1 hereof, multiplied by (ii) the Exercise Price.

     "Warrant" means the Original Warrants and all Warrants issued upon
transfer, division or combination of, or in substitution for, the Original
Warrants, or any other Warrant subsequently issued to the Holder. All Warrants
shall at all times be identical as to terms and conditions, except as to the
number of shares of Warrant Stock for which they may be exercised and their date
of issuance.

     "Warrant Stock" means the shares of Common Stock issued, issuable or both
(as the context may require) upon the exercise of Warrants.

2.   EXERCISE OF WARRANT

          2.1  Manner of Exercise.

          (a) From and after the Original Issue Date and at any time before 5:00
P.M., New York time, on the Expiration Date, the Holder of this Warrant may from
time to time exercise this Warrant, on any Business Day, for all or any part of
the number of shares of

                                       5

<PAGE>

Warrant Stock (subject to adjustment as provided herein) purchasable hereunder.
In order to exercise this Warrant, in whole or in part, the Holder shall (i)
deliver to the Company at its Designated Office a written notice of the Holder's
election to exercise this Warrant (an "Exercise Notice") substantially in the
form attached to this Warrant as Annex A, which Exercise Notice shall be
irrevocable and specify the number of shares of Warrant Stock to be purchased,
together with this Warrant and (ii) pay to the Company the Warrant Price. The
date on which such delivery and payment shall have taken place being hereinafter
sometimes referred to as the "Exercise Date".

          (b) Upon receipt by the Company of such Exercise Notice, surrender of
this Warrant and payment of the Warrant Price (in accordance with Section 2.1(c)
hereof), the Company shall, as promptly as practicable, and in any event within
five (5) Business Days thereafter, execute (or cause to be executed) and deliver
(or cause to be delivered) to the Holder a certificate or certificates
representing the shares of Warrant Stock issuable upon such exercise, together
with cash in lieu of any fraction of a share, as hereafter provided. The stock
certificate or certificates so delivered shall be, to the extent possible, in
such denomination or denominations as the exercising Holder shall reasonably
request in the Exercise Notice and shall be registered in the name of the Holder
or, subject to compliance with Section 3.3 below, such other name as shall be
designated in the Exercise Notice. This Warrant shall be deemed to have been
exercised and such certificate or certificates of Warrant Stock shall be deemed
to have been issued, and the Holder or any other Person so designated to be
named therein shall be deemed to have become a holder of record of such shares
of Warrant Stock for all purposes, as of the Exercise Date.

          (c) Payment of the Warrant Price shall be made at the option of the
Holder by one or more of the following methods: (i) by delivery of a certified
or official bank check or by wire transfer of immediately available funds in the
amount of such Warrant Price payable to the order of the Company, (ii) by
instructing the Company to withhold a number of shares of Warrant Stock then
issuable upon exercise of this Warrant with an aggregate Fair Market Value equal
to such Warrant Price, (iii) by surrendering to the Company shares of Common
Stock previously acquired by the Holder with an aggregate Fair Market Value
equal to such Warrant Price, or (iv) any combination of the foregoing. In the
event of any withholding of Warrant Stock or surrender of Common Stock pursuant
to clause (ii), (iii) or (iv) above where the number of shares whose Fair Market
Value is equal to the Warrant Price is not a whole number, the number of shares
withheld by or surrendered to the Company shall be rounded up to the nearest
whole share and the Company shall make a cash payment to the Holder based on the
incremental fraction of a share being so withheld by or surrendered to the
Company in an amount determined in accordance with Section 2.3 hereof.
Notwithstanding the foregoing, the Holder will pay an amount per Warrant Share
equal to the par value, or such other amount as is necessary to have fully paid
and nonassessable shares of the Company, provided that any such election by a
Holder shall not relieve the Company of any liability or obligation it may have
under this Warrant.

          (d) If this Warrant shall have been exercised in part, the Company
shall, at the time of delivery of the certificate or certificates representing
the shares of Warrant Stock being issued, deliver to the Holder a new Warrant
evidencing the rights of the Holder to purchase the

                                       6

<PAGE>

unpurchased shares of Warrant Stock called for by this Warrant. Such new Warrant
shall in all other respects be identical to this Warrant.

          (e) All Warrants delivered for exercise shall be canceled by the
Company.

          2.2 Payment of Taxes. All shares of Warrant Stock issuable upon the
exercise of this Warrant pursuant to the terms hereof shall be validly issued,
fully paid and nonassessable, issued without violation of any preemptive or
similar rights of any stockholder of the Company and free and clear of all
Liens. The Company shall pay all expenses in connection with, and all taxes and
other governmental charges that may be imposed with respect to, the issue or
delivery thereof.

          2.3 Fractional Shares. The Company shall not be required to issue a
fractional share of Warrant Stock upon exercise of any Warrant. As to any
fraction of a share that the Holder of one or more Warrants, the rights under
which are exercised in the same transaction, would otherwise be entitled to
purchase upon such exercise, the Company shall pay to such Holder an amount in
cash equal to such fraction multiplied by the Fair Market Value of one share of
Common Stock on the Exercise Date.

3.   TRANSFER, DIVISION AND COMBINATION

          3.1 Compliance with Securities Act. The Holder, by acceptance hereof,
agrees to comply in all respects with the provisions of this Section 3.1 and
further agrees that this Warrant and the Warrant Stock to be issued upon
exercise hereof are being acquired for investment for its own account and that
such Holder will not offer, sell or otherwise dispose of this Warrant or any
Warrant Stock to be issued upon exercise hereof except under circumstances that
will not result in a violation of the Securities Act. This Warrant and all
shares of Warrant Stock issued upon exercise of this Warrant (unless registered
under the Securities Act) shall be stamped or imprinted with a legend in
substantially the following form:

     THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER
     THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR APPLICABLE STATE
     SECURITIES LAWS AND MAY NOT BE SOLD OR TRANSFERRED UNLESS (I) A
     REGISTRATION STATEMENT COVERING SUCH SHARES IS EFFECTIVE UNDER THE ACT OR
     (II) THE TRANSACTION IS EXEMPT FROM REGISTRATION UNDER THE ACT.

In addition, in connection with the issuance of this Warrant, the Holder
specifically represents to the Company by acceptance of this Warrant as follows:

          (a) The Holder believes it has received all the information it
considers necessary or appropriate for deciding whether to acquire the Warrant.
The Holder further represents that it has had an opportunity to ask questions
and receive answers from the Company regarding the terms and conditions of the
offering of the Warrant and the business, properties, prospects and financial
condition of the Company. The foregoing, however, does not limit or

                                       7

<PAGE>

modify the representations and warranties of the Company in this Warrant or in
the Credit Agreement or the right of the Holder to rely thereon.

          (b) The Holder understands that the securities it is purchasing are
characterized as "restricted securities" under the federal securities laws
inasmuch as they are being acquired from the Company in a transaction not
involving a public offering and that under such laws and applicable regulations
such securities may be resold without registration under the Securities Act,
only in certain limited circumstances. In addition, the Holder represents that
it is familiar with SEC Rule 144, as presently in effect, and understands the
resale limitations imposed thereby and by the Securities Act.

          (c) The Holder is an investor that can bear the economic risk of its
investment, and has such knowledge and experience in financial or business
matters that it is capable of evaluating the merits and risks of the investment
in the Warrant and the Warrant Stock. The Holder also represents it has not been
organized solely for the purpose of acquiring the Warrant and the Warrant Stock.

          3.2 Transfer. Each new certificate evidencing the Warrant and/or
Warrant Stock so transferred shall bear the appropriate restrictive legend set
forth in Section 3.1 hereof, except that such certificate shall not bear such
restrictive legend, if, in the opinion of counsel for the Company, such legend
is not required in order to establish or assist in compliance with any
provisions of the Securities Act or any applicable state securities laws. Upon
compliance with the provisions of this Section 3.2, each transfer of this
Warrant and all rights hereunder, in whole or in part, shall be registered on
the books of the Company to be maintained for such purpose, upon surrender of
this Warrant at the Designated Office and compliance with the terms hereof,
together with a written assignment of this Warrant in the form of Annex B hereto
duly executed by the Holder or its agent or attorney and funds sufficient to pay
any transfer taxes described in Section 2.2 in connection with the making of
such transfer. Upon such compliance, surrender and delivery and, if required,
such payment, the Company shall execute and deliver a new Warrant or Warrants in
the name of the assignee or assignees and in the denominations specified in such
instrument of assignment, and shall issue to the assignor a new Warrant
evidencing the portion of this Warrant not so assigned and this Warrant shall
promptly be cancelled.

          3.3 Mutilation or Loss. Upon receipt by the Company from any Holder of
evidence reasonably satisfactory to it of the loss, theft, destruction or
mutilation of this Warrant and an indemnity reasonably satisfactory to it (it
being understood that the written indemnification agreement of or affidavit of
loss of the Holder shall be a sufficient indemnity) and, in case of mutilation,
upon surrender and cancellation hereof, the Company will execute and deliver in
lieu hereof a new Warrant of like tenor to such Holder; provided, however, that,
in the case of mutilation, no indemnity shall be required if this Warrant in
identifiable form is surrendered to the Company for cancellation.

          3.4 Division and Combination. Subject to compliance with the
applicable provisions of this Warrant, this Warrant may be divided or combined
with other Warrants upon presentation hereof at the Designated Office, together
with a written notice specifying the names and denominations in which new
Warrants are to be issued, signed by the Holder or its agent or attorney.
Subject to compliance with the applicable provisions of this Warrant as to any
transfer

                                       8

<PAGE>

which may be involved in such division or combination, the Company shall execute
and deliver a new Warrant or Warrants in exchange for the Warrant or Warrants to
be divided or combined in accordance with such notice.

          3.5 Expenses. The Company shall prepare, issue and deliver at its own
expense any new Warrant or Warrants required to be issued hereunder.

          3.6 Maintenance of Books. The Company agrees to maintain, at the
Designated Office, books for the registration and transfer of the Warrants.

4.   ANTIDILUTION PROVISIONS

          The number of shares of Warrant Stock for which this Warrant is
exercisable and the Exercise Price shall be subject to adjustment from time to
time as set forth in this Section 4.

          4.1 Upon Issuance of Common Stock. If the Company shall, at any time
or from time to time after the Original Issue Date, issue any shares of Common
Stock, options to purchase or rights to subscribe for Common Stock, securities
by their terms convertible into or exchangeable for Common Stock, or options to
purchase or rights to subscribe for such convertible or exchangeable securities
without consideration or for consideration per share less than either (x) the
Dilution Price in effect immediately prior to the issuance of such Common Stock
or securities or (y) the Fair Market Value per share of the Common Stock
immediately prior to such issuance, if such Fair Market Value is greater than
the Dilution Price, then such Exercise Price shall forthwith be lowered to a
price equal to the price obtained by multiplying:

               (i) the Exercise Price in effect immediately prior to the
          issuance of such Common Stock, options, rights or securities by

               (ii) a fraction of which (x) the numerator shall be the sum of
          (i) the number of shares of Common Stock Outstanding on a
          fully-diluted basis immediately prior to such issuance and (ii) the
          number of additional shares of Common Stock which the aggregate
          consideration for the number of shares of Common Stock so offered
          would purchase at the greater of the Dilution Price in effect
          immediately prior to such issuance or the Fair Market Value per share
          of Common Stock and (y) the denominator shall be the number of shares
          of Common Stock Outstanding on a fully-diluted basis immediately after
          such issuance.

          4.2 Upon Acquisition of Common Stock. If the Company or any Subsidiary
shall, at any time or from time to time after the Original Issue Date, directly
or indirectly, redeem, purchase or otherwise acquire any shares of Common Stock,
options to purchase or rights to subscribe for Common Stock, securities by their
terms convertible into or exchangeable for Common Stock, or options to purchase
or rights to subscribe for such convertible or exchangeable securities, for a
consideration per share (plus, in the case of such options, rights, or
securities, the additional consideration required to be paid to the Company upon
exercise, conversion or exchange) greater than the Fair Market Value per share
of Common Stock

                                       9

<PAGE>

immediately prior to such event, then the Exercise Price shall forthwith be
lowered to a price equal to the price obtained by multiplying:

               (i) the Exercise Price in effect immediately prior to such event
          by

               (ii) a fraction of which (x) the denominator shall be the Fair
          Market Value per share of Common Stock immediately prior to such event
          and (y) the numerator shall be the result of dividing:

                    (A)  (1) the product of (a) the number of shares of Common
                         Stock Outstanding on a fully-diluted basis and (b) the
                         Fair Market Value per share of Common Stock, in each
                         case immediately prior to such event, minus (2) the
                         aggregate consideration paid by the Company in such
                         event (plus, in the case of such options, rights, or
                         convertible or exchangeable securities, the aggregate
                         additional consideration required to be paid to the
                         Company upon exercise, conversion or exchange), by

                    (B)  the number of shares of Common Stock Outstanding on a
                         fully-diluted basis immediately after such event.

          4.3 Provisions Applicable to Adjustments. For the purposes of any
adjustment of the Exercise Price pursuant to Section 4.1 or 4.2, the following
provisions shall be applicable:

               (i) In the case of the issuance of Common Stock, options to
          purchase or rights to subscribe for Common Stock, securities by their
          terms convertible into or exchangeable for Common Stock, or options to
          purchase or rights to subscribe for such convertible or exchangeable
          securities for a consideration in whole or in part other than cash,
          the consideration other than cash shall be deemed to be the Fair
          Market Value of the non-cash consideration.

               (ii) In the case of the issuance of options to purchase or rights
          to subscribe for Common Stock, securities by their terms convertible
          into or exchangeable for Common Stock, or options to purchase or
          rights to subscribe for such convertible or exchangeable securities:

                    (A)  the aggregate maximum number of shares of Common Stock
                         that potentially may be deliverable upon exercise of
                         such options to purchase or rights to subscribe for
                         Common Stock at any time during the term thereof shall
                         be deemed to have been issued at the time such options
                         or rights were issued and for a consideration equal to
                         the consideration (determined in the manner provided in
                         subparagraph (i) above), if any, received by the
                         Company upon the issuance of such options or rights
                         plus the minimum purchase price

                                       10

<PAGE>

                         provided in such options or rights for the Common Stock
                         covered thereby;

                    (B)  the aggregate maximum number of shares of Common Stock
                         that potentially may be deliverable upon conversion of
                         or in exchange for any such convertible or exchangeable
                         securities or upon the exercise of options to purchase
                         or rights to subscribe for such convertible or
                         exchangeable securities and subsequent conversion or
                         exchange thereof at any time during the term thereof
                         shall be deemed to have been issued at the time such
                         securities, options, or rights were issued and for a
                         consideration equal to the consideration received by
                         the Company for any such securities and related options
                         or rights (excluding any cash received on account of
                         accrued interest or accrued dividends), plus the
                         additional consideration, if any, to be received by the
                         Company upon the conversion or exchange of such
                         securities or the exercise of any related options or
                         rights (the consideration in each case to be determined
                         in the manner provided in paragraph (i) above);

                    (C)  on any increase in the number of shares or decrease in
                         the effective exercise or conversion price of Common
                         Stock deliverable upon exercise of any such options,
                         rights or securities or conversions of or exchanges of
                         such securities, including any change resulting from
                         the anti-dilution provisions thereof, the Exercise
                         Price shall forthwith be readjusted to such Exercise
                         Price as would have been obtained had the adjustment
                         made upon the issuance of such options, rights or
                         securities not converted prior to such change or
                         options or rights related to such securities not
                         converted prior to such change been made upon the basis
                         of such change; and

                    (D)  no further adjustment of the Exercise Price adjusted
                         upon the issuance of any such options, rights,
                         convertible securities or exchangeable securities shall
                         be made as a result of the actual issuance of Common
                         Stock on the exercise of any such rights or options or
                         any conversion or exchange of any such securities.

          4.4 Upon Stock Dividends, Subdivisions or Splits. If, at any time
after the Original Issue Date, the number of shares of Common Stock Outstanding
is increased by a stock dividend payable in shares of Common Stock or by a
subdivision or split-up of shares of Common Stock, then, following the record
date for the determination of holders of Common Stock entitled to receive such
stock dividend, or to be affected by such subdivision or split-up, the Exercise
Price shall be appropriately decreased by multiplying the Exercise Price by a

                                       11

<PAGE>

fraction, the numerator of which is the number of shares of Common Stock
Outstanding immediately prior to such increase and the denominator of which is
the number of shares of Common Stock Outstanding immediately after such increase
in Outstanding shares.

          4.5 Upon Combinations or Reverse Stock Splits. If, at any time after
the Original Issue Date, the number of shares of Common Stock Outstanding is
decreased by a combination or reverse stock split of the Outstanding shares of
Common Stock into a smaller number of shares of Common Stock, then, following
the record date to determine shares affected by such combination or reverse
stock split, the Exercise Price shall be appropriately increased by multiplying
the Exercise Price by a fraction, the numerator of which is the number of shares
of Common Stock Outstanding immediately prior to such decrease and the
denominator of which is the number of shares of Common Stock Outstanding
immediately after such decrease in Outstanding shares.

          4.6 Upon Reclassifications, Reorganizations, Consolidations or
Mergers. In the event of any capital reorganization of the Company, any
reclassification of the stock of the Company (other than a change in par value
or from par value to no par value or from no par value to par value or as a
result of a stock dividend or subdivision, split-up or combination of shares),
or any consolidation or merger of the Company with or into another Person (where
the Company is not the surviving Person or where there is a change in or
distribution with respect to the Common Stock), each Warrant shall after such
reorganization, reclassification, consolidation, or merger be exercisable for
the kind and number of shares of stock or other securities or property of the
Company or of the successor Person resulting from such consolidation or
surviving such merger, if any, to which the holder of the number of shares of
Common Stock deliverable (immediately prior to the time of such reorganization,
reclassification, consolidation or merger) upon exercise of such Warrant would
have been entitled upon such reorganization, reclassification, consolidation or
merger. The provisions of this clause shall similarly apply to successive
reorganizations, reclassifications, consolidations, or mergers. The Company
shall not effect any such reorganization, reclassification, consolidation or
merger unless, prior to the consummation thereof, the successor Person (if other
than the Company) resulting from such reorganization, reclassification,
consolidation or merger, shall assume, by written instrument, the obligation to
deliver to the Holders of the Warrant such shares of stock, securities or
assets, which, in accordance with the foregoing provisions, such Holders shall
be entitled to receive upon such conversion.

          4.7 Deferral in Certain Circumstances. In any case in which the
provisions of this Section 4 shall require that an adjustment shall become
effective immediately after a record date of an event, the Company may defer
until the occurrence of such event (a) issuing to the Holder of any Warrant
exercised after such record date and before the occurrence of such event the
shares of capital stock issuable upon such exercise by reason of the adjustment
required by such event and issuing to such Holder only the shares of capital
stock issuable upon such exercise before giving effect to such adjustments, and
(b) paying to such Holder any amount in cash in lieu of a fractional share of
capital stock pursuant to Section 2.3 above; provided, however, that the Company
shall deliver to such Holder an appropriate instrument or due bills evidencing
such Holder's right to receive such additional shares or such cash.

                                       12

<PAGE>

          4.8 Other Anti-Dilution Provisions. If the Company has issued or
issues any securities of the Company to a financial institution, lender, other
credit provider, leasing company or other lessor in connection with the
provisions of any financing or lending agreements, containing provisions
(including, without limitation, any of the terms of pricing, exercise price,
anti-dilution and registration rights) which are more favorable than those set
forth herein, the Company will make such provisions (or any more favorable
portion thereof) available to the Holder and will enter into amendments
necessary to confer such rights on the Holder.

          4.9 Voluntary Reduction. The Company from time to time may reduce the
Exercise Price by any amount for any period of time if the period is at least 20
days and if the reduction is irrevocable during the period; provided, however,
that in no event may the Exercise Price be less than the par value of a share of
Common Stock. Whenever the Exercise Price is reduced, the Company shall mail to
all Holders a notice of the reduction. The Company shall mail the notice at
least 15 days before the date the reduced Exercise Price takes effect. The
notice shall state the reduced Exercise Price and the period it will be in
effect.

          4.10 Appraisal Procedure. In any case in which the provisions of this
Section 4 shall necessitate that the Appraisal Procedure be utilized for
purposes of determining an adjustment to the Exercise Price, the Company may
defer until the completion of the Appraisal Procedure and the determination of
the adjustment (1) issuing to the Holder of any Warrant exercised after the date
of the event that requires the adjustment and before completion of the Appraisal
Procedure and the determination of the adjustment, the shares of capital stock
issuable upon such exercise by reason of the adjustment required by such event
and issuing to such Holder only the shares of capital stock issuable upon such
exercise before giving effect to such adjustment and (2) paying to such Holder
any amount in cash in lieu of a fractional share of capital stock pursuant to
Section 2.3 above; provided, however, that the Company shall deliver to such
Holder an appropriate instrument or due bills evidencing such Holder's right to
receive such additional shares or such cash.

          4.11 Adjustment of Number of Shares Purchasable. Upon any adjustment
of the Exercise Price as provided in Section 4.1, 4.2, 4.4, 4.5 and 4.6, the
Holders of the Warrants shall thereafter be entitled to purchase upon the
exercise thereof, at the Exercise Price resulting from such adjustment, the
number of shares of Warrant Stock (calculated to the nearest 1/100th of a share)
obtained by multiplying the Exercise Price in effect immediately prior to such
adjustment by the number of shares of Warrant Stock issuable on the exercise
hereof immediately prior to such adjustment and dividing the product thereof by
the Exercise Price resulting from such adjustment.

          4.12 Increase of Number of Shares Purchasable. After giving effect to
all other provisions in this Article 4, the number of shares purchasable upon
exercise of this Warrant shall be increased when the Exercise Price is adjusted
to an amount below the then existing par value of the Warrant Shares, including
successive adjustments to the Exercise Price to an amount further below the then
existing par value. The number of additional shares purchasable upon exercise of
this Warrant shall be equal to number obtained by dividing the result of
subsection (i) by the result of subsection (ii):

                                       13

<PAGE>

               (i) The number of shares purchasable upon exercise of the
          Warrants before application of this Section 4.12 times the difference
          between the then existing par value per Warrant Share minus the
          adjusted Exercise Price.

               (ii) The difference between the Fair Market Value of the
          Company's Common Stock on the Exercise Date minus the then existing
          par value per Warrant Share.

          4.13 Limitation on Shares Purchasable. In no event shall the number of
shares purchasable under the Original Warrants, in the aggregate, exceed
6,208,662 shares of Common Stock (subject to adjustment for any stock split,
stock dividend, recapitalization, reverse stock split or other similar event
with respect to the Common Stock as provided herein) (the resulting number, the
"Conversion Cap"), which is equal to less than 20% of shares of the Common Stock
outstanding as of the date of issuance of the Original Warrants. The Conversion
Cap limitation shall be applied on a pro rata basis to this Warrant.

          4.14 Form of Warrants. Irrespective of any adjustments of the number
of shares purchasable or of the Exercise Price, Warrants theretofore or
thereafter issued may continue to express the same price and number and kind of
shares as are stated in the Warrants initially issuable pursuant to this
Agreement.

          4.15 Changes in Securities. Notwithstanding any provision in this
Section 4 to the contrary and without limitation to any other provision
contained in this Section 4, in the event any securities of the Company are
amended, modified or otherwise altered by operation of its terms or otherwise in
any manner whatsoever (including through the anti-dilution provisions thereof)
that results in (i) the reduction of the effective exercise, conversion or
exchange price of such securities payable upon the exercise for, or conversion
or exchange into, Common Stock or other securities exercisable for, or
convertible or exchangeable into, Common Stock and/or (ii) such securities
becoming exercisable for, or convertible or exchange into (A) more shares or
dollar amount of such securities which are, in turn exercisable for, or
convertible or exchangeable into, Common Stock, or (B) more shares of Common
Stock, then such amendment, modification or other alteration shall be treated
for purposes of Section 4 as if the securities which have been amended, modified
or altered have been terminated and new securities have been issued with the
amended or modified terms. The Company shall make all necessary adjustments
(including successive adjustments if required) to the Exercise Price in
accordance with Section 4, but in no event shall the Exercise Price be greater
than it was immediately prior to the application of this Section 4.15 to the
amendment, modification or alteration in question.

          4.16 Exceptions. Notwithstanding anything to the contrary, Section 4
shall not apply to (i) options to purchase shares of Common Stock granted to
employees or directors of the Company or a Subsidiary pursuant to the NaviSite
Amended and Restated 2003 Stock Incentive Plan, as amended (attached as Exhibit
B to the Purchase Agreement) (the "Stock Incentive Plan") in the ordinary course
of business; provided that if such options are granted after the date hereof
with an exercise price less than the Fair Market Value at the time of the grant,
then Section 4 shall apply with respect to such options; and provided that the
provisions contained in this Section 4 shall apply with respect to options
granted pursuant to the Stock Incentive Plan in

                                       14

<PAGE>

excess of 2,500,000 shares per fiscal year of the Company, which number shall
include options granted to Mr. Arthur Becker or his Affiliates, (ii) the shares
of Common Stock issuable upon the exercise of such options, (iii) the exercise
of the warrant issued to Silicon Valley Bank (or an Affiliate) prior to the date
hereof, or (iv) the exercise of warrants issued to Silver Point (or an
Affiliate) prior to the date hereof. Notwithstanding the foregoing, the
applicable adjustment provisions contained in this Section 4 shall apply with
respect to options to purchase shares of Common Stock that are granted to Mr.
Arthur Becker or his Affiliates after the date of hereof in excess of 250,000
shares per fiscal year of the Company.

          4.17 Notice of Adjustment of Exercise Price. Whenever the Exercise
Price is adjusted as herein provided:

               (i) the Company shall compute the adjusted Exercise Price in
          accordance with this Section 4 and shall prepare a certificate signed
          by the treasurer or chief financial officer of the Company setting
          forth the adjusted Exercise Price and showing in reasonable detail the
          facts upon which such adjustment is based, and such certificate shall
          forthwith be filed at the Designated Office; and

               (ii) a notice stating that the Exercise Price has been adjusted
          and setting forth the adjusted Exercise Price shall forthwith be
          prepared by the Company, and as soon as practicable after it is
          prepared, such notice shall be mailed by the Company at its expense to
          all Holders at their last addresses as they shall appear in the
          warrant register.

          4.18 Limitation on Ownership. Notwithstanding anything to the
contrary, in no event shall the Original Warrants be exercisable for a number of
shares that will cause the Holder, together with its affiliates and together
with any other group member (within the meaning of Section 13(d) of the
Securities Exchange Act of 1934), to beneficially own in excess of 9.99% of the
number of shares of Common Stock outstanding immediately after giving effect to
such exercise. For the purposes of the foregoing sentence, the number of shares
of Common Stock beneficially owned by the Holder, its affiliates and other group
members, shall include their beneficial ownership of the number of shares of
Common Stock issuable upon exercise or conversion of any security of the
Company, but shall exclude their ownership of the number of shares of Common
Stock in excess of the foregoing limitations which would be issuable upon
exercise or conversion of the unexercised or nonconverted portion of any other
security of the Company subject to a limitation on exercise or conversion
analogous to the limitation contained in this Section 4.18.

5.   NO IMPAIRMENT; REGULATORY COMPLIANCE AND COOPERATION; AFFILIATE
     TRANSACTIONS; NOTICE OF EXPIRATION

          5.1 No Impairment. The Company shall not by any action, including,
without limitation, amending its charter documents or through any
reorganization, reclassification, transfer of assets, consolidation, merger,
dissolution, issue or sale of securities or any other similar voluntary 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

                                       15

<PAGE>

of the Holder against impairment. Without limiting the generality of the
foregoing, the Company shall take all such action as may be necessary or
appropriate in order that the Company may validly and legally issue fully paid
and nonassessable shares of Warrant Stock upon the exercise of this Warrant,
free and clear of all Liens, and shall use its best efforts to obtain all such
authorizations, exemptions or consents from any public regulatory body having
jurisdiction thereof as may be necessary to enable the Company to perform its
obligations under this Warrant. The Company shall not take any action, enter
into any transaction or suffer to exist any event, action or state of facts that
would cause the Exercise Price to be adjusted below the then existing par value
of Common Stock (unless the Common Stock is changed to capital stock with no par
value); provided, however, that nothing herein will prevent the operation of any
other provision of this Warrant, including the anti-dilution provisions of
Section 4.

          5.2 No Dilution. If any event shall occur as to which the provisions
of Section 4 are not strictly applicable but the failure to make any adjustment
would adversely affect the purchase rights represented by the Warrant in
accordance with the essential intent and principles of such Section, then, in
each such case, the Company shall appoint an investment banking firm of
recognized national standing, or any other financial expert that does not (or
whose directors, officers, employees, affiliates or stockholders do not) have a
direct or material indirect financial interest in the Company or any of its
Subsidiaries, who has not been, and, at the time it is called upon to give
independent financial advice to the Company, is not (and none of its directors,
officers, employees, affiliates or stockholders are) a promoter, director or
officer of the Company or any of its Subsidiaries, which shall give their
opinion upon the adjustment, if any, on a basis consistent with the essential
intent and principles established in Section 4, necessary to preserve, without
dilution, the purchase rights, represented by this Warrant. Upon receipt of such
opinion, the Company will promptly mail a copy thereof to the holders of the
Warrants and shall make the adjustments described therein.

          5.3 Other Agreements. The Company is not a party to or bound in any
manner under, and covenants that it will not enter into at any time after the
date hereof, any agreement or contract (whether written or oral) with respect to
any of its securities which prevents the Company from complying in any respect
with the rights granted by the Company hereunder.

          5.4 Affiliate Transactions. So long as the Holder is entitled to
purchase any shares of Common Stock, without the prior written consent or vote
of the Holder, the Company shall not, and shall not permit any of its
Subsidiaries to, make any payment to, or sell, lease, transfer or otherwise
dispose of any of its securities, properties or assets to, or purchase any
securities, property or assets from, or enter into or make or amend any
transaction, contract, agreement, understanding, loan, advance or guarantee
with, or for the benefit of, any Affiliate of the Company (each, an "Affiliate
Transaction"), unless: (i) the Affiliate Transaction is on terms that are no
less favorable in the aggregate to the Company or the relevant Subsidiary than
those that would have been obtained in a comparable transaction by the Company
or such Subsidiary with a person that is not an Affiliate, and (ii) the Company
delivers to the Holder, with respect to any Affiliate Transaction or series of
related Affiliate Transactions involving aggregate consideration in excess of
$100,000, an officers' certificate certifying that such Affiliate Transaction
complies with clause (i) above.

                                       16

<PAGE>

6.   RESERVATION AND AUTHORIZATION OF COMMON STOCK

          6.1 Reservation. The Company shall at all times reserve and keep
available for issuance upon the exercise of the Warrants such number of its
authorized but unissued shares of Common Stock as will be required for issuance
of the Warrant Stock. All shares of Warrant Stock issuable pursuant to the terms
hereof, when issued upon exercise of this Warrant with payment therefor in
accordance with the terms hereof, shall be duly and validly issued and fully
paid and nonassessable, not subject to preemptive rights and shall be free and
clear of all Liens. Before taking any action that would result in an adjustment
in the number of shares of Warrant Stock for which this Warrant is exercisable
or in the Exercise Price, the Company shall obtain all such authorizations or
exemptions thereof, or consents thereto, as may be necessary from any public
regulatory body or bodies having jurisdiction over such action. If any shares of
Warrant Stock required to be reserved for issuance upon exercise of Warrants
require registration or qualification with any Governmental Entity under any
federal or state law (other than under the Securities Act or any state
securities law) before such shares may be so issued, the Company will in good
faith and as expeditiously as possible and at its expense endeavor to cause such
shares to be duly registered.

          6.2 Corporate Action. Before taking any action that would cause an
adjustment reducing the Exercise Price below the then par value (if any) of the
shares of Warrant Stock deliverable upon exercise of the Warrant or that would
cause the number of shares of Warrant Stock issuable upon exercise of the
Warrant to exceed (when taken together with all other Outstanding shares of
Common Stock) the number of shares of Common Stock that the Company is
authorized to issue, the Company will take any corporate action that, in the
opinion of its counsel, is necessary in order that the Company may validly and
legally issue the full number of fully paid and nonassessable shares of Warrant
Stock issuable upon exercise of the Warrant at such adjusted exercise price.

7.   NOTICE OF CORPORATE ACTIONS; TAKING OF RECORD; TRANSFER BOOKS

          7.1  Notices of Corporate Actions.

          In case:

          (a) the Company shall grant to the holders of its Common Stock rights
or warrants to subscribe for or purchase any shares of capital stock of any
class; or

          (b) the Company shall declare to the holders of its Common Stock any
dividend or distribution; or

          (c) of any reclassification of the Common Stock (other than a
subdivision or combination of the Outstanding shares of Common Stock), or of any
consolidation, merger or share exchange to which the Company is a party and for
which approval of any stockholders of the Company is required, or of the sale or
transfer of all or substantially all of the assets of the Company; or

                                       17

<PAGE>

          (d) of the voluntary or involuntary dissolution, liquidation or
winding up of the Company; or

          (e) the Company or any Subsidiary shall commence a tender offer for
all or a portion of the Outstanding shares of Common Stock (or shall amend any
such tender offer to change the maximum number of shares being sought or the
amount or type of consideration being offered therefor);

then the Company shall cause to be filed at the Designated Office, and shall
cause to be mailed to all Holders at their last addresses as they shall appear
in the warrant register, at least 30 days prior to the applicable record,
effective or expiration date hereinafter specified, a notice stating (x) the
date on which a record is to be taken for the purpose of such dividend,
distribution or granting of rights or warrants, or, if a record is not to be
taken, the date as of which the holders of Common Stock of record who will be
entitled to such dividend, distribution, rights or warrants are to be
determined, (y) the date on which such reclassification, consolidation, merger,
share exchange, sale, transfer, dissolution, liquidation or winding up is
expected to become effective, and the date as of which it is expected that
holders of Common Stock of record shall be entitled to exchange their shares of
Common Stock for securities, cash or other property deliverable upon such
reclassification, consolidation, merger, share exchange, sale, transfer,
dissolution, liquidation or winding up, or (z) the date on which such tender
offer commenced, the date on which such tender offer is scheduled to expire
unless extended, the consideration offered and the other material terms thereof
(or the material terms of the amendment thereto). Such notice shall also set
forth such facts with respect thereto as shall be reasonably necessary to
indicate the effect of such action on the Exercise Price and the number and kind
or class of shares or other securities or property which shall be deliverable or
purchasable upon the occurrence of such action or deliverable upon exercise of
the Warrants. Neither the failure to give any such notice nor any defect therein
shall affect the legality or validity of any action described in clauses (a)
through (e) of this Section 7.1.

          7.2 Taking of Record. In the case of all dividends or other
distributions by the Company to the holders of its Common Stock with respect to
which any provision hereof refers to the taking of a record of such holders, the
Company will in each such case take such a record and will take such record as
of the close of business on a Business Day.

          7.3 Closing of Transfer Books. The Company shall not at any time close
its stock transfer books or warrant transfer books so as to result in preventing
or delaying the exercise or transfer of any Warrant.

8.   OFFICE OF THE COMPANY

          As long as any of the Warrants remain outstanding, the Company shall
maintain an office or agency, which may be the principal executive offices of
the Company (the "Designated Office"), where the Warrants may be presented for
exercise, registration of transfer, division or combination as provided in this
Warrant. Such Designated Office shall initially be the office of the Company at
400 Minuteman Road, Andover, Massachusetts, 01810. The Company may from time to
time change the Designated Office to another office of the Company

                                       18

<PAGE>

or its agent within the United States by notice given to all registered Holders
at least ten (10) Business Days prior to the effective date of such change.

9.   FINANCIAL AND BUSINESS INFORMATION

          9.1 Financial Statements. At the request of the Holder, which shall
remain effective until revoked, the Company shall deliver to the Holder:

               (i) as soon as practicable, but in any event within ninety (90)
          days after the end of each fiscal year of the Company, an income
          statement and a statement of cash flows for such fiscal year and a
          balance sheet of the Company as of the end of such year, such year-end
          financial reports to be prepared in accordance with GAAP and audited
          and certified by independent public accountants of nationally
          recognized standing selected by the Company;

               (ii) within forty-five (45) days of the end of each quarter, an
          unaudited income statement and a statement of cash flows and balance
          sheet for and as of the end of such month or quarter, as applicable,
          in reasonable detail;

               (iii) simultaneously with any distribution of any document to the
          shareholders of the Company generally, any such document so
          distributed; and

               (iv) so long as the Company or its successor makes periodic
          filings with the SEC, copies of all reports, statements or other
          notices immediately upon making such filings.

          9.2 Access. The Company shall permit the Holder reasonable access,
upon reasonable advance notice, to the Holder, the Affiliates of the Holder and
each of their respective officers, employees, advisors, counsel and other
authorized representatives, during normal business hours, to all of the books,
records and properties of the Company and its Subsidiaries and all officers and
employees of the Company and such Subsidiaries. It shall be a condition to the
Company's obligations under this Section 9.2 that the Holder execute and deliver
to the Company a confidentiality agreement that is reasonably acceptable to the
Company.

          9.3 Board Observation. If requested by any Holder that, together with
its Affiliates, owns or has the right to acquire more than 4.5% of the
outstanding Common Stock, the Company shall give the Holder all notices of (in
the same manner as notice is given to directors), and permit one Person
designated by the Holder to attend as observer (the "Board Observer"), all
meetings of the Company's Board of Directors and all executive and other
committee meetings of the Board of Directors. If requested by the Holder, the
Company shall provide to the Board Observer the same information concerning the
Company, and access thereto, provided to the members of the Company's Board of
Directors and such committees. The reasonable travel expenses incurred by the
Board Observer in attending any board or committee meetings shall be reimbursed
by the Company to the extent consistent with the Company's then existing policy
of reimbursing directors generally for such expenses. It shall be a condition to
the Company's obligations under this Section 9.3 that the Board Observer execute

                                       19

<PAGE>

and deliver to the Company a confidentiality agreement that is reasonably
acceptable to the Company.

10.  DILUTION FEE

          (a) In the event that any dividends are declared or paid or any other
distribution is made on or with respect to the Common Stock, the Holder of this
Warrant as of the record date established by the Board of Directors for such
dividend or distribution on the Common Stock shall be entitled to receive a fee
(the "Dilution Fee") in an amount (whether in the form of cash, securities or
other property) equal to the amount (and in the form) of the dividends or
distribution that such Holder would have received had the Warrant been exercised
as of the date immediately prior to the record date for such dividend or
distribution, such Dilution Fee to be payable on the same payment date
established by the Board of Directors for the payment of such dividend or
distribution; provided, however, that if the Company declares and pays a
dividend or distribution on the Common Stock consisting in whole or in part of
Common Stock, then no such Dilution Fee shall be payable in respect of the
Warrant on account of the portion of such dividend or distribution on the Common
Stock payable in Common Stock and in lieu thereof the adjustment in Section 4
hereof shall apply. The record date for any such Dilution Fee shall be the
record date for the applicable dividend or distribution on the Common Stock, and
any such Dilution Fee shall be payable to the Persons in whose name the Warrant
is registered at the close of business on the applicable record date.

          (b) No dividend shall be paid or declared on any share of Common Stock
(other than dividends payable in Common Stock for which an adjustment was made
pursuant to Section 4 hereof), unless the Dilution Fee, payable in the same
consideration and manner, is simultaneously paid or provided for, as the case
may be, in respect of this Warrant in an amount determined as set forth above.
For purposes hereof, the term "dividends" shall include any pro rata
distribution by the Company, out of funds of the Company legally available
therefor, of cash, property, securities (including, but not limited to, rights,
warrants or options) or other property or assets to the holders of the Common
Stock, whether or not paid out of capital, surplus or earnings other than
liquidation.

          (c) Prior to declaring any dividend or making any distribution on or
with respect to shares of Common Stock, the Company shall take all prior
corporate action necessary to authorize the issuance of any securities payable
as the Dilution Fee in respect of the Warrant.

11.  MISCELLANEOUS

          11.1 No Implied Waivers. No failure or delay by any party in
exercising any right, power or privilege hereunder shall operate as a waiver
thereof nor shall any single or partial exercise thereof preclude any other or
further exercise thereof or the exercise of any other right, power or privilege.
The rights and remedies herein provided shall be cumulative and not exclusive of
any rights or remedies provided by law.

          11.2 Notices. All notices, requests, consents and other communications
required or permitted hereunder shall be in writing and shall be hand delivered
or mailed postage

                                       20

<PAGE>

prepaid by registered or certified mail or transmitted by facsimile transmission
(with immediate telephonic confirmation thereafter), (a) If to the Holder:

                    Silver Point Capital
                    Two Greenwich Plaza
                    Greenwich, CT 06830
                    Attn.: Jennifer Poccia
                    Voice: 203-542-4438
                    Email: jpoccia@silverpointcapital.com

               with a copy to (which shall not constitute notice):

                    Skadden, Arps, Slate, Meagher & Flom LLP
                    333 West Wacker Drive
                    Suite 2100
                    Chicago, IL 60606
                    Attn.: Seth E. Jacobson
                           L. Byron Vance III
                    Voice: 312-407-0700
                    Fax: 312-407-0411

               or   (b) If to the Company:

                    NaviSite, Inc.
                    400 Minuteman Road
                    Andover, MA 01810
                    Attn.: James W. Pluntze
                    Voice: (978) 946-7915
                    Fax: (978) 946-7803

               with a copy to (which shall not constitute notice):

                    BRL Law Group LLC
                    31 St. James Avenue, Suite 850
                    Boston, MA 02116
                    Attention: Thomas B. Rosedale
                    Voice: (617) 399-6935
                    Fax: (617) 399-6930

          or at such other address as the parties each may specify by written
          notice to the others, and each such notice, request, consent and other
          communication shall for all purposes of the Warrant be treated as
          being effective or having been given when delivered if delivered
          personally, upon receipt of facsimile confirmation if transmitted by
          facsimile, or, if sent by mail, at the earlier of its receipt or 72
          hours after the same has been deposited in a regularly

                                       21

<PAGE>

          maintained receptacle for the deposit of United States mail, addressed
          and postage prepaid as aforesaid.

          11.3 Indemnification. If the Company fails to make, when due, any
payments provided for in this Warrant, the Company shall pay to the Holder
hereof (a) interest at the Agreed Rate on any amounts due and owing to such
Holder and (b) such further amounts as shall be sufficient to cover any costs
and expenses including, but not limited to, reasonable attorneys' fees and
expenses incurred by such Holder in collecting any amounts due hereunder. The
Company shall indemnify, save and hold harmless the Holder hereof and the
Holders of any Warrant Stock issued upon the exercise hereof from and against
any and all liability, loss, cost, damage, reasonable attorneys' and
accountants' fees and expenses, court costs and all other out-of-pocket expenses
incurred in connection with or arising from any default hereunder by the Company
or the enforcement of its rights hereunder as against the Company. This
indemnification provision shall be in addition to the rights of such Holder or
Holders to bring an action against the Company for breach of contract based on
such default hereunder.

          11.4 Limitation of Liability. No provision hereof, in the absence of
affirmative action by the Holder to purchase shares of Warrant Stock, and no
enumeration herein of the rights or privileges of the Holder hereof, shall give
rise to any liability of such Holder to pay the Exercise Price for any Warrant
Stock other than pursuant to an exercise of this Warrant or any liability as a
stockholder of the Company, whether such liability is asserted by the Company or
by creditors of the Company. The Holder shall not, by virtue hereof, be entitled
to any rights of a stockholder of the Company and nothing contained in this
Warrant shall be construed as conferring upon the Holder the right to vote or to
consent or to receive notice as a stockholder in respect of meetings of
stockholders for the election of directors of the Company or any other matters
or any rights whatsoever as a stockholder of the Company.

          11.5 Remedies. Each Holder of Warrants and/or Warrant Stock, in
addition to being entitled to exercise its rights granted by law, including
recovery of damages, shall be entitled to specific performance of its rights
provided under this Warrant. The Company agrees that monetary damages would not
be adequate compensation for any loss incurred by reason of a breach by it of
the provisions of this Warrant and hereby agrees, in an action for specific
performance, to waive the defense that a remedy at law would be adequate.

          11.6 Successors and Assigns. This Warrant and the rights evidenced
hereby shall inure to the benefit of and be binding upon the successors of the
Company and the permitted successors and assigns of the Holder hereof. The
provisions of this Warrant are intended to be for the benefit of all Holders
from time to time of this Warrant and to the extent applicable, all Holders of
shares of Warrant Stock issued upon the exercise hereof (including transferees),
and shall be enforceable by any such Holder.

          11.7 Amendment. This Warrant and all other Warrants may be modified or
amended or the provisions hereof waived only with the written consent of the
Company and the Holder. Notwithstanding the foregoing, without a Holder's
written consent no such modification, amendment or waiver shall affect adversely
such Holder's rights hereunder in a discriminatory manner inconsistent with its
adverse effects on rights of other Holders hereunder (other than as

                                       22

<PAGE>

reflected by the different number of shares of Warrant Stock held by such
Holders). This Warrant cannot be changed, modified, discharged or terminated by
oral agreement.

          11.8 Severability. Wherever possible, each provision of this Warrant
shall be interpreted in such manner as to be effective and valid under
applicable law, but if any provision of this Warrant shall be prohibited by or
invalid under applicable law, such provision shall be ineffective to the extent
of such prohibition or invalidity, without invalidating the remainder of such
provision or the remaining provisions of this Warrant.

          11.9 Headings. The headings and other captions in this Warrant are for
the convenience and reference only and shall not be used in interpreting,
construing or enforcing any provision of this Warrant.

          11.10 Governing Law. IN ALL RESPECTS, INCLUDING ALL MATTERS OF
CONSTRUCTION, VALIDITY AND PERFORMANCE, THIS WARRANT SHALL BE GOVERNED BY, AND
CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF DELAWARE
WITHOUT REGARD TO CONFLICT OF LAW PRINCIPLES AND ANY APPLICABLE LAWS OF THE
UNITED STATES OF AMERICA.

          11.11 Waiver of Jury Trial. THE PARTIES HERETO WAIVE ALL RIGHT TO
TRIAL BY JURY IN ANY ACTION, SUIT, OR PROCEEDING BROUGHT TO RESOLVE ANY DISPUTE,
WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE, BETWEEN THE COMPANY AND SILVER
POINT ARISING OUT OF, CONNECTED WITH, RELATED TO, OR INCIDENTAL TO THE
RELATIONSHIP ESTABLISHED AMONG THEM IN CONNECTION WITH, THIS AGREEMENT OR ANY OF
THE OTHER TRANSACTION AGREEMENTS OR THE TRANSACTIONS RELATED THERETO.

          11.12 Aggregation of Stock. All Warrant Stock held by or acquired by
Affiliated Persons will be aggregated together for the purpose of determining
the availability of any rights under this Warrant.

          11.13 Entire Agreement. This Warrant contains the entire agreement
with respect to the subject matter hereof and supersedes and replaces all other
prior agreements, written or oral, with respect to the subject matter hereof.

                            [Execution Page Follows]

                                       23

<PAGE>

          IN WITNESS WHEREOF, the Company has caused this Warrant to be duly
executed as of the Original Issue Date.

                                        NAVISITE, INC.

                                        By: /s/ James W. Pluntze
                                            ------------------------------------
                                        Name: James W. Pluntze
                                        Title: Chief Financial Officer

                                       24

<PAGE>

                                     ANNEX A

                                SUBSCRIPTION FORM

                 [To be executed only upon exercise of Warrant]

          The undersigned registered owner of this Warrant irrevocably exercises
this Warrant for the purchase of ______ shares of Common Stock of NaviSite, Inc.
and herewith makes payment therefor in __________, all at the price and on the
terms and conditions specified in this Warrant and requests that certificates
for the shares of Common Stock hereby purchased (and any securities or other
property issuable upon such exercise) be issued in the name of and delivered to
_________________ whose address is _____________________________________________
and, if such shares of Common Stock shall not include all of the shares of
Common Stock issuable as provided in this Warrant, that a new Warrant of like
tenor and date for the balance of the shares of Common Stock issuable hereunder
be delivered to the undersigned.

                                        ----------------------------------------
                                        (Name of Registered Owner)

                                        ----------------------------------------
                                        (Signature of Registered Owner)

                                        ----------------------------------------
                                        (Street Address)

                                        ----------------------------------------
                                        (City) (State) (Zip Code)

NOTICE: The signature on this subscription must correspond with the name as
        written upon the face of the within Warrant in every particular, without
        alteration or enlargement or any change whatsoever.

                                       25

<PAGE>

                                     ANNEX B

                                 ASSIGNMENT FORM

          FOR VALUE RECEIVED the undersigned registered owner of this Warrant
hereby sells, assigns and transfers unto the assignee named below all of the
rights of the undersigned under this Warrant, with respect to the number of
shares of Common Stock set forth below:

<TABLE>
<CAPTION>
                               No. of Shares of
Name and Address of Assignee     Common Stock
----------------------------   ----------------
<S>                            <C>

</TABLE>

and does hereby irrevocably constitute and appoint ________ _____________
attorney-in-fact to register such transfer onto the books of NaviSite, Inc.
maintained for the purpose, with full power of substitution in the premises.

Dated:                                  Print Name:
       ------------------------------               ----------------------------

-------------------------------------   ----------------------------------------
Signature:                              Witness:

NOTICE: The signature on this assignment must correspond with the name as
        written upon the face of the within Warrant in every particular, without
        alteration or enlargement or any change whatsoever.

                                       26

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00117-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00117-of-00352.parquet"}]]