ASSET PURCHASE AGREEMENT by and among WIDEPOINT CORPORATION and its wholly- owned subsidiary, WYY FLORIDA SUB, INC. and IT AUTHORITIES, INC. and ITS SHAREHOLDERS Dated October 1, 2021Asset Purchase Agreement • October 4th, 2021 • Widepoint Corp • Services-computer integrated systems design • Florida
This Asset Purchase Agreement (“Agreement”) is dated October 1, 2021, by and among WIDEPOINT CORPORATION, a Delaware corporation (“Buyer”), WYY FLORIDA SUB, INC., a Florida corporation and wholly-owned subsidiary of Buyer (“Buyer Sub”), IT AUTHORITIES, INC., a Florida corporation (“Seller”), JASON CARAS, a resident of the State of Florida (“Caras”), JASON POLLNER, a resident of the State of Florida (“J. Pollner”), and TAWNEE POLLNER, a resident of the State of Florida (“T. Pollner”) (Caras, J. Pollner and T. Pollner are referred to herein as “Shareholders”).
COMMON STOCK PURCHASE WARRANT WidePoint CorporationWidepoint Corp • October 4th, 2021 • Services-computer integrated systems design • Florida
THIS COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, IT Authorities, Inc., a Florida corporation, or its assigns (the “Holder”) is entitled, upon the terms and subject to the conditions hereinafter set forth, at any time on or after the date of this Warrant as set forth above (the “Initial Exercise Date”) and on or prior to 5:00 p.m. (New York City time) on the fourth (4th) anniversary of the Initial Exercise Date unless earlier terminated as provided herein (the “Termination Date”) but not thereafter, to subscribe for and purchase from WidePoint Corporation, a Delaware corporation (the “Company”), up to 75,000 shares (as subject to adjustment hereunder, the “Warrant Shares”) of Common Stock. The purchase price of one share of Common Stock under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b).
