X0202 3 2004-09-21 0 0001069778 NETWORK INSTALLATION CORP NWIS 0001304009 Dutchess Private Equities Fund, LP 312 STUART ST BOSTON MA 02116 0 0 1 1 See footnote 1 common 4700000 I See footnote 1 April-2003-101 0 2004-04-10 2008-04-10 common 40000 I See footnote 2 May-2003-101 0 2004-05-05 2008-05-05 common 15000 I See footnote 2 May-2003-102 0 2004-05-26 2004-05-26 common 25000 I See footnote 2 June-2003-101 0 2004-06-16 2008-06-16 common 25000 I See footnote 2 July-2003-101 0 2004-07-22 2008-07-22 common 15000 I See footnote 2 July-2003-102 0 2004-07-28 2008-07-28 common 95000 I See footnote 2 August-2003-101 0 2004-08-13 2008-08-13 common 20000 I See footnote 2 September-2003-101 0 2004-09-10 2008-09-10 common 28000 I See footnote 2 October-2003-101 0 2004-10-05 2008-10-05 common 75000 I See footnote 2 February-2004-101 0 2005-02-23 2009-02-23 common 260000 I See footnote 2 Two of our directors, Michael Novielli, who is also our Interim Chief Finanacial Officer, and Douglas Leighton, are the Managing Members of Dutchess Capital Management, LLC. which is the General Partner of Dutchess Private Equites Fund, LP. The Debenture is convertible into common shares priced at the lower of 75% of the lowest closing bid price of the common stock in the 15 trading days prior to conversion or 100% of the average closing bid prices of the common stock for the 15 trading days prior to closing. /s/ Douglas Leighton 2004-09-27