ACE*COMM CORPORATION AMENDED AND RESTATED SERIES A SENIOR SECURED CONVERTIBLE NOTE DUE June 8, 2010Ace Comm Corp • October 10th, 2007 • Services-computer integrated systems design
THIS NOTE is one of a series of duly authorized and issued senior secured promissory notes of ACE*COMM CORPORATION, a Maryland corporation (the “Company”), designated as its Series A Senior Secured Convertible Notes due June 8, 2010, in the aggregate principal amount of $4,200,000 (collectively, the “Notes”).
Warrant No. A-2 Dated: June 8, 2007, as amended and restated as of July 12, 2007Ace Comm Corp • October 10th, 2007 • Services-computer integrated systems design • Maryland
ACE*COMM CORPORATION, a Maryland corporation (the “Company”), hereby certifies that, for value received, EREF ACE, LLC or its registered assigns (the “Holder”), is entitled to purchase from the Company up to a total of 1,705,697 shares of common stock, $0.01 par value per share (the “Common Stock”), of the Company (each such share, a “Warrant Share” and all such shares, the “Warrant Shares”) at an exercise price equal to $0.84 per share (as adjusted from time to time as provided in Section 9, the “Exercise Price”), at any time and from time to time from and after the date hereof and through and including June 8, 2014 (the “Expiration Date”), and subject to the following terms and conditions. This Warrant (this “Warrant”) is one of a series of similar warrants issued pursuant to that certain Securities Purchase Agreement, dated as of June 4, 2007 by and among the Company and the Purchasers identified therein (the “Purchase Agreement”). All such warrants are referred to herein, collectiv
