Wave Systems Corp. (fka WAVXQ)

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"David W. Carickhoff, the chapter 7 trustee (the “Trustee”) of the estate of Wave
Systems Corp. (the “Debtor”) and ESW Capital, LLC (“ESW” and collectively with the Trustee,
the “Movants”), hereby jointly move (this “Joint Motion”) for the entry of an order substantially
in the form attached hereto as Exhibit “A” (i) converting the Debtor’s chapter 7 case to a case
under chapter 11 of title 11 of the United States Code (the “Bankruptcy Code”) and (ii) after
conversion, ordering the appointment of a chapter 11 trustee in the converted case. "