X0201 4 2004-02-26 0 0001015172 AXTIVE CORP AXTC 0001118137 GLOBAL CAPITAL FUNDING GROUP LP 106 COLONY PARK DRIVE SUITE 900 CUMMING GA 30040 0 0 1 0 Common Stock, $0.01 par value 2004-02-26 2004-02-26 4 C 0 1441663 1 A 1441663 D Series A Convertible Preferred Stock, $0.01 par value 1 2004-02-26 2004-02-26 4 C 0 1000 1000 D 2003-04-01 1988-08-08 Common Stock, $0.01 par value 1441663 0 D Warrant to Purchase Common Stock 2 2004-02-26 2004-02-26 4 J 0 250000 0 D 2004-04-01 2006-04-01 Common Stock, $0.01 par value 250000 0 D All Common Stock numbers, common stock prices, and Preferred Stock conversion price have been adjusted to reflect the issuer's 1-for-10 reverse stock split effective on December 23, 2003. Reflects the automatic conversion of 1,250 shares of Preferred Stock directly owned by the reporting person based on the conversion price of $1.00. Conversion was determined by dividing the liquidation price with respect to the Preferred Stock (which is equal to the issuance price of $1,000 per share plus any accrued, but unpaid dividends) by the conversion price. The conversion reflects accrued, but unpaid dividends of $153.33 per share with respect to the 1,250 shares of Preferred Stock owned by the reporting person. See footnote (2). The warrant, which was issued in connection with the purchase of Preferred Stock, was waived and terminated by the reporting person effective as of February 26, 2004 in connection with the automatic conversion of the Preferred Stock and the issuer's private placement of Common Stock on February 26, 2004. Global Capital Funding Group, L.P. by Brad Thompson, its Treasurer 2004-03-01