Common use of Net Exercise Election Clause in Contracts

Net Exercise Election. The undersigned Holder elects to convert the Warrant into shares of Warrant Stock by net exercise election pursuant to Section 1.5 of the Warrant. This conversion is exercised with respect to __________ shares of Common Stock of LeCroy Corporation (the "Warrant Stock").

Net Exercise Election. The undersigned Holder elects to convert the --------------------- Warrant into shares of Warrant Stock by net exercise election pursuant to Section 1.5 1.6 of the Warrant. This conversion is exercised with respect to __________ shares of Common Stock of LeCroy Corporation _______________ (the "Warrant Stock").) covered by the Warrant. [STRIKE PARAGRAPH ABOVE THAT DOES NOT APPLY]

Net Exercise Election. The undersigned Holder elects to convert the Warrant into shares of Warrant Stock by net exercise election pursuant to Section 1.5 2.6 of the Warrant. This conversion is exercised with respect to __________ shares of Common Stock of LeCroy Corporation Aura Systems, Inc. (the "Warrant Stock")) covered by the Warrant.

Net Exercise Election. The undersigned Holder elects to convert the Warrant into shares of Warrant Stock by net exercise election pursuant to Section 1.5 of the Warrant. This conversion is exercised with respect to __________ shares of Common Stock of LeCroy Corporation (the "Warrant StockWARRANT STOCK").

Net Exercise Election. The undersigned Holder elects to convert --------------------- the Warrant into shares of Warrant Stock by net exercise election pursuant to Section 1.5 2.6 of the Warrant. This conversion is exercised with respect to __________ shares of Common Stock of LeCroy Corporation Lexar Media, Inc. (the "Warrant Stock").) covered by the Warrant. [STRIKE PARAGRAPH ABOVE THAT DOES NOT APPLY]

Net Exercise Election. The undersigned Holder elects to convert the Warrant into shares of Warrant Stock by net exercise election pursuant to Section 1.5 2.6 of the Warrant. This conversion is exercised with respect to __________ shares of Common Stock of LeCroy Corporation Elite Logistics, Inc. (the "Warrant Stock")) covered by the Warrant.