WARRANT ASSIGNMENT AND JOINDER
Exhibit 3.7
WARRANT ASSIGNMENT AND JOINDER
Reference is made to that certain Warrant, dated as of May 16, 2002 (the “Warrant”), to purchase in the aggregate 500,000 shares of the common stock, $.0001 par value per share (“Common Stock”), of TDT Development, Inc., a Nevada corporation (the “Company”). Capitalized terms not defined herein shall have the meaning given to them in the Securities Purchase Agreement, dated as of May 15, 2002, by and among the Company, Stanford Venture Capital Holdings, Inc., a Delaware corporation (“Stanford”), Stronghold Technologies, Inc., a New Jersey corporation, Pietro Bortolatti and Xxxxxxxxxxx X. Xxxxx.
Now therefore, for value received, Stanford (“Holder”), hereby sells, assigns and transfers unto Xxxxxxx X. Xxxxxxxxxx (“Assignee”) the right to purchase 62,500 shares of Common Stock represented by the Warrant (“Warrant Shares”).
By execution and delivery of this Warrant Assignment and Joinder, Assignee, as successor to Holder with respect of the Warrant Shares (i) will be deemed to be a party to the Warrant and the Registration Rights Agreement, incorporated by this reference as though fully set forth herein, (ii) authorizes this Warrant Assignment and Joinder to be attached to the Warrant, and (iii) represents and warrants that Assignee is an Accredited Investor.
Assignee, as successor to Holder with respect to the Warrant Shares, will have all rights, and shall observe all the obligations, applicable to a “Holder” as set forth in the Warrant, an “Investor” as set forth in the Registration Rights Agreement as though such Assignee had executed the Warrant and the Registration Rights Agreement as an initial Holder or Investor thereunder, and confirms his obligations under the Warrant and the Registration Rights Agreement.
Date: May 16, 2002
| COMPANY |
HOLDER | |||||
| TDT Development, Inc. |
Stanford Venture Capital Holdings, Inc. | |||||
| By: |
/s/ Pietro Bortolatti |
By: | /s/ Xxxxx X. Xxxxx | |||
| Name: |
Pietro Bortolatti |
Name: | Xxxxx X. Xxxxx | |||
| Title: |
President and CEO |
Title: | President and CEO | |||
| ASSIGNEE | ||||||
| /s/ Xxxxxxx X. Xxxxxxxxxx | ||||||
| Xxxxxxx X. Xxxxxxxxxx | ||||||
| 000 Xxxxxxx Xxxxxxxxx, #000 | ||||||
| Xxx Xxxxxxxx, XX 00000 | ||||||
WARRANT ASSIGNMENT AND JOINDER
Reference is made to that certain Warrant, dated as of July 3, 2002 (the “Warrant”), to purchase in the aggregate 500,000 shares of the common stock, $.0001 par value per share (“Common Stock”), of TDT Development, Inc., a Nevada corporation (the “Company”). Capitalized terms not defined herein shall have the meaning given to them in the Securities Purchase Agreement, dated as of May 15, 2002, by and among the Company, Stanford Venture Capital Holdings, Inc., a Delaware corporation (“Stanford”), Stronghold Technologies, Inc., a New Jersey corporation, Pietro Bortolatti and Xxxxxxxxxxx X. Xxxxx.
Now therefore, for value received, Stanford (“Holder”), hereby sells, assigns and transfers unto Xxxxxxx X. Xxxxxxxxxx (“Assignee”) the right to purchase 62,500 shares of Common Stock represented by the Warrant (“Warrant Shares”).
By execution and delivery of this Warrant Assignment and Joinder, Assignee, as successor to Holder with respect of the Warrant Shares (i) will be deemed to be a party to the Warrant and the Registration Rights Agreement, incorporated by this reference as though fully set forth herein, (ii) authorizes this Warrant Assignment and Joinder to be attached to the Warrant, and (iii) represents and warrants that Assignee is an Accredited Investor.
Assignee, as successor to Holder with respect to the Warrant Shares, will have all rights, and shall observe all the obligations, applicable to a “Holder” as set forth in the Warrant, an “Investor” as set forth in the Registration Rights Agreement as though such Assignee had executed the Warrant and the Registration Rights Agreement as an initial Holder or Investor thereunder, and confirms his obligations under the Warrant and the Registration Rights Agreement.
Date: July 3, 2002
| COMPANY |
HOLDER | |||||
| TDT Development, Inc. |
Stanford Venture Capital Holdings, Inc. | |||||
| By: |
/s/ Pietro Bortolatti |
By: | /s/ Xxxxx X. Xxxxx | |||
| Name: |
Pietro Bortolatti |
Name: | Xxxxx X. Xxxxx | |||
| Title: |
President and CEO |
Title: | President and CEO | |||
| ASSIGNEE | ||||||
| /s/ Xxxxxxx X. Xxxxxxxxxx | ||||||
| Xxxxxxx X. Xxxxxxxxxx | ||||||
| 000 Xxxxxxx Xxxxxxxxx, #000 | ||||||
| Xxx Xxxxxxxx, XX 00000 | ||||||
WARRANT ASSIGNMENT AND JOINDER
Reference is made to that certain Warrant, dated as of July 11, 2002 (the “Warrant”), to purchase in the aggregate 500,000 shares of the common stock, $.0001 par value per share (“Common Stock”), of TDT Development, Inc., a Nevada corporation (the “Company”). Capitalized terms not defined herein shall have the meaning given to them in the Securities Purchase Agreement, dated as of May 15, 2002, by and among the Company, Stanford Venture Capital Holdings, Inc., a Delaware corporation (“Stanford”), Stronghold Technologies, Inc., a New Jersey corporation, Pietro Bortolatti and Xxxxxxxxxxx X. Xxxxx.
Now therefore, for value received, Stanford (“Holder”), hereby sells, assigns and transfers unto Xxxxxxx X. Xxxxxxxxxx (“Assignee”) the right to purchase 62,500 shares of Common Stock represented by the Warrant (“Warrant Shares”).
By execution and delivery of this Warrant Assignment and Joinder, Assignee, as successor to Holder with respect of the Warrant Shares (i) will be deemed to be a party to the Warrant and the Registration Rights Agreement, incorporated by this reference as though fully set forth herein, (ii) authorizes this Warrant Assignment and Joinder to be attached to the Warrant, and (iii) represents and warrants that Assignee is an Accredited Investor.
Assignee, as successor to Holder with respect to the Warrant Shares, will have all rights, and shall observe all the obligations, applicable to a “Holder” as set forth in the Warrant, an “Investor” as set forth in the Registration Rights Agreement as though such Assignee had executed the Warrant and the Registration Rights Agreement as an initial Holder or Investor thereunder, and confirms his obligations under the Warrant and the Registration Rights Agreement.
Date: July 11, 2002
| COMPANY |
HOLDER | |||||
| TDT Development, Inc. |
Stanford Venture Capital Holdings, Inc. | |||||
| By: |
/s/ Pietro Bortolatti |
By: | /s/ Xxxxx X. Xxxxx | |||
| Name: |
Pietro Bortolatti |
Name: | Xxxxx X. Xxxxx | |||
| Title: |
President and CEO |
Title: | President and CEO | |||
| ASSIGNEE | ||||||
| /s/ Xxxxxxx X. Xxxxxxxxxx | ||||||
| Xxxxxxx X. Xxxxxxxxxx | ||||||
| 000 Xxxxxxx Xxxxxxxxx, #000 | ||||||
| Xxx Xxxxxxxx, XX 00000 | ||||||
