STOCK PURCHASE WARRANT
To Purchase Class A Common Stock of
ATTUNE RTD.
A Nevada Corporation
Date of Grant | June 21, 2013 |
Name of Holder | Mike Mines |
Number of Warrants | 1,375,000 Warrants exercisable into 1,375,000 Class A Common Shares |
Exercise Price | $0.04 per Class A Common Share |
Term: | Anytime prior to Midnight PST on June 23, 2016 |
THIS CERTIFIES THAT, for value received, the Holder, named above, or registered assigns, is entitled topurchase from ATTUNE, (herein called the “Company”), a Nevada corporation for the Term, stated above, beginning upon the Issue Date and ending on June 23,2016 stated above, that number of Series A Common Shares(the “Shares”), stated above, of the Company’s Common Stock, as adjusted as provided in Section 5 below, at the Exercise Price, stated above. This Stock Purchase Warrant is subject to the following provisions, terms andconditions:
1.Exercise of Warrant. The rights represented by this Warrant may be exercised by the Holder, in wholeor in part (but not as fractional shares of Common Stock), by the surrender of this Warrant (properly endorsed if required) and the attached form of exercise at the Company’s registered office, and upon payment to the Companyby certified or bank check of the Exercise Price for the Shares. The Shares are deemed to be issued to the Holder asthe record owner as of the close of business on the date on which this Warrant shall have been surrendered and payment made for the Shares. Certificates for the Shares so purchased shall be delivered to the Holder within a reasonable time, not exceeding fifteen (15) days, after the rights represented by this Warrant shall have been soexercised. Unless this Warrant has expired, a new Warrant representing the number of Shares, if any, with respect towhich this Warrant shall not then have been exercised, shall be delivered to the Holder at the same time.
2.Transfer of Warrants. During the Term of this Warrant, this Warrant may, subject to any applicable securities laws restrictions, be transferred or exchanged with respect to all Warrants, or any number of Warrants,less than all, represented by this Warrant Certificate. If this Warrant is transferred or exchanged in part, theCompany shall, upon surrender for transfer, or exchange of this Warrant Certificate, properly endorse, and, at theCompany’s expense, issue and deliver to the purchaser of said Warrant, a Certificate representing the number ofWarrants transferred or exchanged, and a Certificate to the Holder, representing the number of Warrants retained.
3.Certain Covenants of the Company. The Company covenants and agrees as follows:
a.All shares which may be issued upon the exercise of the rights represented by thisWarrant will, upon issuance, be duly authorized and issued, fully paid and non-assessable and freefrom all taxes, liens and charges with respect to the issue thereof.
b.During the Term of this Warrant, the Company will at all times have authorized, and reserved free of preemptive or other rights for the exclusive purpose of issue upon exercise of the purchase rights evidenced by this Warrant, a sufficient number of shares of its Common Stock toprovide for the exercise of the rights represented by this Warrant.
4.Adjustment of Exercise Price and Number of Shares. The above provisions are, however, subject tothe following:
a.The Exercise Price shall be subject to adjustment from time to time as hereinafter provided. Upon each adjustment of the Exercise Price, the Holder shall thereafter be entitled to purchase, at the Exercise Price resulting from such adjustment, the number of shares obtained bymultiplying the Exercise Price ‘in effect immediately prior to such adjustments by the number of shares purchasable pursuant hereto immediately prior to such adjustment and dividing the productthereof by the Exercise Price resulting from such adjustment.
b.In case at any time the Company shall subdivide its outstanding shares of CommonStock into a greater number of shares, the Exercise Price in effect immediately prior to such subdivision shall be proportionately reduced and conversely, in case the outstanding shares ofCommon Stock of the Company shall be combined into a smaller number of shares, the ExercisePrice in effect immediately prior to such combination shall be proportionately increased.
c.In case at any time:
(1) the Company shall pay any dividend payable in stock upon its Common Stockor make any distribution (other than regular cash dividends) to the holders of its CommonStock; or
(2) the Company shall offer for subscription pro rata to the holders of its CommonStock any additional shares of stock of any class or any rights; or
(3)there shall be any capital reorganization, or reclassification of the capital stockof the Company, or consolidation or merger of the Company with, or sale of all orsubstantial all of its assets to, another corporation; or
(4)there shall be a change of control of 50% or more of the shares outstanding to athird party that is not already a shareholder of the company; or
(5)there shall be a voluntary or involuntary dissolution, liquidation or winding upof the Company;
Then, in any one or more of said cases, the Company shall give written notice, by first class mail, postage prepaid, addressed to title Holder at the address of the Holder as shown on the books of the Company, of the date on which (a) the books of the Company shall close or a record shall be taken for such dividend, distribution or subscription rights, or (b) such reorganization,reclassification, consolidation, merger, sale, dissolution, liquidation or winding up shall take place,as the case may be. Such notice shall also specify the date as of which the holders of Common Stock for securities or other property deliverable upon such reorganization, reclassification, consolidation, merger, sales, dissolution, liquidation, or winding up, as the case may be. Such written notice shall be given at least 20 days prior to the action in question and not less that 20days prior to the record date on which the Company’s transfer books are closed in respect thereto.
5.Term and Assignment.
a.This Warrant shall be valid and exercisable by the Holder during its Term.
b.During the Term of the Warrant, the holder may assign the rights represented by thisWarrant, to the extent not previously exercised, subject to any applicable securities lawsrestrictions.
6.No Rights as Stockholder. This Warrant shall not entitle the Holder as such to any voting rights or otherrights as a stockholder of the Company.
IN WITNESS WHEREOF, ATTUNE RTD. has caused this Warrant to be signed by a duly authorizedofficer as of the Date of Grant stated above.
ATTUNE RTD. | ||
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BY: |