1
Exhibit 10.28
THE SECURITIES REPRESENTED BY THIS CERTIFICATE MAY NOT BE SOLD, EXCHANGED,
HYPOTHECATED OR TRANSFERRED IN ANY MANNER EXCEPT IN COMPLIANCE WITH
SECTION 11 OF THE REPRESENTATIVE'S WARRANT AGREEMENT
(DEFINED BELOW) PURSUANT TO WHICH THEY ISSUED
WARRANTS TO PURCHASE 104,702 SHARES OF COMMON STOCK
VOID AFTER 5:00 P.M.
CALIFORNIA TIME, ON MAY 23, 2000
DATAWORKS CORPORATION
INCORPORATED UNDER THE LAWS
OF THE STATE OF CALIFORNIA
This certifies that, for value received, Cruttenden Roth Incorporated,
the registered holder hereof, or assigns (the "Warrantholder"), is entitled to
purchase from DATAWORKS CORPORATION (the "Company"), at any time during the
period commencing at 12:00 p.m., California time, on September 29, 1997, and
before 5:00 p.m., California time, on May 23, 2000, at the purchase price per
share of $9.69 (the "Warrant Price"), the number of shares of Common Stock of
the Company set forth above (the "Shares"). The number of Shares issuable upon
exercise of each Warrant evidenced hereby shall be subject to adjustment from
time to time as set forth in the Representative's Warrant Agreement referred to
below.
The Warrants evidenced hereby may be exercised in whole or in part by
presentation of this Warrant Certificate with the Purchase Form attached hereto
duly executed (with a signature guarantee as provided thereon) and simultaneous
payment of the Warrant Price at the principal office of the Company. Payments of
such price shall be made at the option of the Warrantholder in cash or by check
or through the use of the Conversion Right (as defined in Section 3(c) of the
Representative's Warrant Agreement).
The Warrants evidenced hereby represent the right to purchase an
aggregate of up to 104,702 Shares and are issued under and in accordance with a
Representative's Warrant Agreement, dated as of May 31, 1995 (the
"Representative's Warrant Agreement"), between Interactive Group, Inc. and
Cruttenden Roth Incorporated, and are subject to the terms and provisions
contained in the Representative's Warrant Agreement, to all of which the
Warrantholder by acceptance hereof consents, and to which the Company is bound.
Upon any partial exercise of the Warrants evidenced hereby, there shall
be signed and issued to the Warrantholders a new Warrant Certificate in respect
of the Shares of Common Stock as to which the Warrants evidenced hereby shall
not have been exercised. These Warrants may be exchanged at the office of the
Company by surrender of this Warrant Certificate properly endorsed for one or
more new Warrants of the same aggregate number of Shares of Common Stock as are
evidenced by the Warrant or Warrants exchanged. No fractional Share of Common
Stock will be issued upon the exercise of rights to purchase hereunder, but the
Company shall pay the cash value of any fraction upon the exercise of one or
more Warrants. These Warrants are transferable at the office of the Company in
the manner and subject to the limitations set forth in the Representative's
Warrant Agreement.
This Warrant Certificate does not entitled Warrantholder to any of the
rights of a shareholder of the Company.
DATAWORKS CORPORATION
By: /s/ Stuart W. Clifton
------------------------------------------
Title: President and Chief Executive Officer
------------------------------------------
2
DATAWORKS CORPORATION
PURCHASE FORM
DATAWORKS CORPORATION
5910 Pacific Center Boulevard
San Diego, California 92121
The undersigned hereby irrevocably elects to exercise the right of
purchase represented by the attached Warrant Certificate for, and to purchase
thereunder, ________ shares of Common Stock (the "Shares") provided for therein,
and requests that certificates for the Shares be issued in the name of:
---------------------------------------------
(Please Print or Type Name, Address and Social
Security Number)
---------------------------------------------
---------------------------------------------
---------------------------------------------
and, if said number of shares shall not be all the Shares purchasable hereunder,
that a new Warrant Certificate for the balance of the Shares purchasable under
the attached Warrant Certificate be registered in the name of the undersigned
Warrantholder or his Assignee as below indicated and delivered to the address
stated below.
Dated: ___________________
Name of Warrantholder or Assignee:___________________________________________
(Please Print)
Address:
-----------------------------------------
-----------------------------------------
Signature:
-----------------------------------------
Note: The above signature must correspond with the name as written upon the
face of the Warrant Certificate in every particular, without alteration
or enlargement or any change whatsoever, unless the Warrants have been
assigned.
Signature Guaranteed:__________________________________
(Signature must be guaranteed by a bank or trust company having an office or
correspondent in the United States or by a member firm of a registered
securities exchange or the National Association of Securities Dealers, Inc.)
2.
3
ASSIGNMENT
(To be signed only upon assignment of Warrants)
FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto
(Name and Address of Assignee Must be Printed or Typewritten)
-----------------------------------------
-----------------------------------------
-----------------------------------------
the attached Warrants hereby irrevocably constituting and appointing
________________________ Attorney to transfer said Warrants on the books of the
Company, with full power of substitution in the premises.
Dated: _______________________ _______________________________________
Signature of Registered Holder
Note: The signature on this assignment must correspond with the name as it
appears upon the face of the Warrant Certificate in every particular, without
alteration or enlargement or any change whatsoever.
Signature Guaranteed:___________________________________
(Signatures must be guaranteed by a bank or trust company having an office or
correspondent in the United States or by a member firm of a registered
securities exchange or the National Association of Securities Dealers, Inc.)
3.