THIS WARRANT AND THE SECURITIES ISSUABLE UPON THE EXERCISE OF THIS WARRANT HAVE NOT HE EN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT") OR ANY STATE SECURITIES LAWS. THIS WARRANT AND SUCH SECURITIES MAY NOT BE SOLD. OFFERED FOR...
EXHIBIT
3.9
THIS WARRANT AND THE SECURITIES ISSUABLE UPON THE EXERCISE OF THIS WARRANT HAVE NOT HE EN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT") OR ANY STATE SECURITIES LAWS. THIS WARRANT AND SUCH SECURITIES MAY NOT BE SOLD. OFFERED FOR SALE, PLEDGED. HYPOTHECATED OR OTHERWISE TRANSFERRED OR DISPOSED OF UNLESS AND UNTIL (I) REGISTERED UNDER THE ACT AND SUCH STATE SECURITIES LAWS OR (2) THE COMPANY IS PROVIDED AN OPINION OF COUNSEL TO THE HOLDER SATISFACTORY TO THE COMPANY AND ITS COUNSEL THAT SUCH REGISTRATION IS NOT REQUIRED. |
Warrant No.____________________ | Issue Date:_____________ |
DC
Brands International, Inc.
Warrant for Maximum
f4.000,000 Shares of Common Stock
FOR VALUE
RECEIVED. DC Brands International. Inc., a Colorado corporation (the "Company"),
hereby issues to
or
his permitted and registered transferee (the "Holder") the right to purchase
from the Company up to a maximum of Four Million (4.000.000) shares of fully
paid and non-assessable Common stock, par value $0.01 per share ("Common Stock")
of the Company (the "Shares"), at a purchase price per Share as set out below
(the "Warrant Price"). The number of Shares and the Warrant Price shall be
subject to adjustment from time to time pursuant to the terms and conditions
hereof.
1. Term. Subject to the terms and conditions
set forth below, this Warrant shall be exercisable in whole or in part at any
time and from time to time on and after the second anniversary of the date
hereof and on or before the Expiration Date (as defined in Section 2.4 hereof)
and shall be void thereafter.
2. Exercise of
Warrant.
2.1.
Mechanics of
Exercise. The Holder may exercise this Warrant in whole or in part by
surrendering this Warrant, a duly executed Notice of Exercise in substantially
the form attached hereto as Exhibit A and the Investment Representation
Statement in the form annexed hereto as Exhibit B at the principal
executive offices of the Company. The Holder shall also deliver to the Company,
for inspection and copying, simultaneously with the Holder's Notice of
Exercise
and Investment Representation Statement the original certificate representing
the Shares purchased with this Warrant as part of the Unit;
1
2.2.
When Exercise Effective. The
exercise of this Warrant shall be deemed to have been effective for the Holder
immediately prior to the close of business on the business day on which this
Warrant is surrendered to the Company as provided in Section 2.1. and at such
time the person or persons in whose name or names any certificate or
certificates for Shares shall be issuable upon such exercise as provided in
Section 2.3 shall be deemed to have become the holder or holders of record
thereof.
2.3.
Delivery of Stock
Certificates, Etc.. As soon as practicable after the surrender of this
Warrant, the Company will cause to be issued in the name of and delivered to the
Holder a certificate or certificates for the number of fully paid and
non-assessable Shares which the Holder has purchased.
2.4.
Expiration Date. This
Warrant shall expire on the earliest of (i) the third anniversary of the grant
of this Warrant to the Holder, as recorded above, (ii) the effective date of the
first registration statement of the Company to become effective under the
Securities Act of 1933. as amended (the "Securities Act"), that includes
securities to be sold on behalf of the Company to the public in an underwritten
public offering (the "IPO"), (iii) the closing of the acquisition of the Company
by another entity by means of merger, consolidation or other transaction or
series of related transactions, resulting in the exchange of the outstanding
shares of the Company's capital stock that the stockholders of the Company prior
to such transaction own. directly or indirectly, less than fifty percent (50%)
of the voting power of the surviving entity, or (iv) the Over-lhe-Counter market
price for the Company's shares, meaning the highest bid reported by a FINRA
member market maker at the close of any regular trading day. exceeds $.50 per
share (the 'Target Price") for any 60 (sixty) days (consecutive or not) (the
"Target Period") during the period beginning 12 months and I day from the sale
of the Unit of which this Warrant is part, and ending on the last day of the
24t,h
month after the sale of such Unit (the earliest such date is referred to herein
as the "Expiration Date").
2
2.5.
Piggy-Back
Registration. If the Holder exercises any portion of the Warrant, and
thereafter the Company proposes to file a registration statement under the
Securities Act with respect to an offering for its own account of any class of
its equity securities (other than a registration statement on Form S-8 (or any
successor form) or any other registration statement relating solely to employee
benefit plans or filed in connection with an exchange offer, a transaction to
which Rule 145 (or any successor provision) under the Securities Act applies or
an offering of securities solely to the Company's existing shareholders), then
the Company shall in each case give written notice of such proposed filing to
the Holder as soon as practicable (but no later than 20 business days) before
the anticipated filing date, and such notice shall offer each Holder the
opportunity to register such number of shares of Restricted Stock as such Holder
may request. Each Holder desiring to have Restricted Stock included in such
registration statement shall so advise the Company in writing within 10 business
days alter the date on which the Company's notice is so given, selling forth the
number of shares of Restricted Stock for which registration is requested. If the
Company's offering is lo be an underwritten offering, the Company shall, subject
to the further provisions of this Agreement, use its reasonable best efforts
to cause
(the Managing Underwriter to permit
the Holders of the Restricted Stock requested to be included in the registration
for such offering to include such Restricted Stock in such offering on the same
terms and conditions as any similar securities of the Company included
therein.The right
of each Holder to registration pursuant to this Section 2.5 in connection with
an underwritten offering by the Company shall, unless the Company otherwise
assents, be conditioned upon such holder's participation as a seller in
such underwritten offering and its execution of an underwriting agreement with
the managing underwriter or underwriters selected by the Company.
Notwithstanding the foregoing, if the Managing Underwriter of such offering
delivers a written opinion to the Company that either because of (a) the kind of
securities that the Company, the Holders and any other persons or entities
intend lo include in such offering or (b| the si/e of the offering that the
Company, the Holders and any other persons or entities intend to make, the
success of the offering would be materially and adversely affected by inclusion
of the Restricted Stock requested to be included, then (i) in the event that the
si/e of the offering is the basis of such managing underwriter's opinion, ihe
number of shares of Restricted Stock lo be registered and offered for the
accounts of Holders shall be reduced pro rata on the basis of the number of
securities requested by such Holders to be registered and offered to the extent
necessary to reduce the total amount of securities to be included in such
offering to the amount recommended by such managing underwriter or underwriters
(provided that if securities are being registered and offered for the account of
other persons or entities in addition to the Company, such reduction shall not
be proportionally greater than any similar reductions imposed on such other
persons or entities) and (ii) in the event that the combination of securities to
be offered is the basis of such managing underwriters opinion, (x) the
Restricted Stock to be included in such registration and offering shall be
reduced as described in clause (i) above or (y) if such actions would, in the
reasonable judgment of the managing underwriter, be insufficient to
substantially eliminate the adverse effect that inclusion of the Restricted
Stock requested to be included would have on such offering, such Restricted
Stock will be excluded entirely from such registration and offering. Any
Restricted Stock excluded from an underwriting shall, if applicable, be
withdrawn from registration and shall not. without the consent of the Company,
be transferred in a public distribution prior to the earlier of ninety (90) days
(or such other shorter period of time as the managing underwriter may require)
after the effective xxxx of the registration statement or ninety (90) days after
the date the Holders of such Restricted stock unnotified of such
exclusion.
3
2.6.
Determination of
Warrant Price. The exercise price of the Warrant is the delivery of the
Warrant and the original certificate representing the Shares (for inspection and
copying only), with no additional payment due.
3. Adjustments.
3.1. Subdivisions. Combinations
and Other Issuances. If the Company shall at any time prior to the
Expiration Date subdivide its Common stock, by stock split or otherwise, or
combine its Common stock, or issue additional shares of its Common Stock as a
dividend with respect to any shares of its Common Stock, the number of Shares
issuance upon the exercise of this Warrant shall forthwith be proportionately
increased in the case of a subdivision or stock dividend, or proportionately
decreased in the case of a combination. Appropriate adjustments shall also be
made to the Warrant Price, if any. but the aggregate Warrant Price shall remain
the same. Any
adjustment under this Section 3.1 shall become effective at the close of
business on the date the subdivision or combination becomes effective, or as of
the record date of such dividend, or in the event that no record date is fixed,
upon the making of such dividend.
3.2. Adjustment for
Reorganization. Consolidation, and Merger. In case of the approval by the
Company's directors of a transaction effecting the acquisition of the Company by
another entity by means of merger, consolidation or other transaction or series
of related transactions resulting in the issuance of shares or exchange of the
outstanding shares of the Company's capital stock such that the stockholders of
the Company prior to such transaction would own. directly or indirectly, less
than fifty percent (50%) of the voting power of the surviving entity (other than
as a result of a subdivision, combination or stock dividend provided for in
Section 3.1I. then, as a condition to such reclassification, reorganization or
change, provision shall be made so that the Holder shall have the right lo
exercise this Warrant under the terms and at the Warrant Price, as adjusted,
provided herein, at or prior to closing of such transaction. Notice of such
right shall be provided to the Holder at the time and place provided in Section
11 hereof.
4
3.3 Adjustment of Warrant Amount
and Redemption. Notwithstanding the provisions of Section 1 hereof, and
absent expiration of this Warrant under provision of Section 2.4 hereof, the
number of shares to be issued upon exercise of this Warrant shall be adjusted
based on the market performance of the Company's common stock in
Over-the-Counier trading during the 60 trading days immediately prior to the
second anniversary of the sale of the Unit of which ihis Warrant is pari
("Adjustment Period"). If the average of the highest closing bid price for the
Company's Common Shares represented by any PINRA member broker-dealer during the
Adjustment Period is less than $.50 (Average Trading Price, or "ATP"), then the
Warrant shall be exercisable for a sufficient number of shares lo permit the
Holder a projected return on the Shares made part of the Unit and the shares lo
be issued upon exercise of this Warrant equal to $1,000,000 per Unit
($1.000.000-(Shares X ATP) divided by ATP).
By way of
example, if the ATP is S.40. then a Warrant may be exercised for 500.000 shares
(SI .000.000 - (.40 X 2.000.000) divided by .40 - 500.000); if the ATP is S.20.
then a Warrant may be exercised for 3.000.000 shares (SI.000.000 - (.20 X
2.000.000) divided by .20 = 3.000.000). If the ATP is less than . 17. the
Warrant shall be exercisable for the maximum 4.000.000 shares.
4.
Transferability of
Warrant.
4.1. Transferability
Generally. Subject to the provisions of this Section 4. the Holder max
transfer all or part of this Warrant or the Shares issuable upon exercise of
this Warrant to a third party who is not a competitor of the Companv by giving
the Company advance notice of the portion of this Warrant or the Shares being
transferred setting forth the name, address and taxpayer identification number
of the transferee and surrendering this Warrant lo (he Company for reissuance to
ihe transferee(s) (and the Holder, if applicable), together with a completed
Form of Assignment, in the form attached hereto as Exhibit C. Notwithstanding
the foregoing, neither ihis Warrant nor the Shares may be transferred or
assigned in whole or in part without compliance with applicable federal and
state securities laws by the transferor and the transferee (including, without
limitation, the delivery' of investment representation letters and legal
opinions reasonable satisfactory to the Company). The terms and conditions of
this Warrant shall inure to the benefit of. and be binding upon, the Company and
the Holder and each subsequent Holder hereof and their respective successors and
assigns.
5
4.2.
Ownership.
Until this Warrant is transferred on the books of the Company (with the
Company's consent), the Company may treat the person in whose name this Warrant
is issued as the absolute owner hereof for all purposes, notwithstanding any
notice to the contrary.
5. Market Stand Off
Agreement. The Holder hereby agrees that if so requested by the Company
or any representative of the underwriters (the "Managing Underwriter") in
connection with any registration of the offering of any securities of the
Company under the Securities Act of 1933. as amended (the "Securities Act"), the
Holder shall not. during the 180-day period (or such longer period as may be
requested in writing by the Managing Underwriter and agreed to in writing by the
Company) (the "Market Standoff Period") following the effective date of a
registration statement of the Company filed under the Securities Act. offer,
pledge, sell, contract to sell, sell any option or contract to purchase,
purchase any option or contract to sell, grant any option, right or warrant to
purchase, lend or otherwise transfer or dispose of any Shares or other
securities of the Company, or enter into any swap or other arrangement that
transfers to another, in whole or in part, any of the economic consequences of
ownership of the Shares or other securities of the Company, whether any such
previously described transaction is to be settled by delivery of the Shares or
other securities, in cash or otherwise; provided, however, that the foregoing
such restriction shall apply only to the first registration statement of the
Company to become effective under the Securities Act that includes securities lo
be sold on behalf of the Company to the public in an underwritten public
offering under the Securities Act. The Holder further agrees that the Holder
shall execute any "lock-up letter" or similar instrument submitted by the
Managing Underwriter to the Holder that reflects the foregoing restrictions or
any part thereof and that the Managing Underwriter shall be a third party
beneficiary of the provisions of this Section 5 and shall be fully entitled to
enforce all rights set forth herein. The Holder hereby irrevocably appoints the
Company and its President, or either of them, as the Holder's agents and
attorneys-in-fact, with full power of substitution for and in the Holder's name,
to execute any such "lock-up letter" or similar instrument submitted by the
Managing Underwriter and to do any and all things in connection therewith, il
being understood and acknowledged by the Holder that such power of attorney
shall not impose or be deemed to impose any fiduciary duty or any other or
obligation on either the Company or ils President, shall be irrevocable and
coupled with an interest and shall not terminate by operation of law. whether by
the death, bankruptcy or adjudication of incompetency or insanity of the Holder
or the occurrence of any other event. The Company may impose slop-transfer
instructions with respect to securities subject to the foregoing restrictions
until the end of such Market Standoff Period. The Holder further agrees that
without the prior written consent of the Managing Underwriter, the Holder shall
not. during the Market Standoff Period, make any demand for or exercise any
right (to the extent the Holder shall have any such right) with respect to. the
registration of any Shares or other securities of the Company.
6. Exchange of
Warrant. Upon the surrender by the Holder of this Warrant,
properly endorsed, to the Company, the Company, at ils expense and subject to
the provisions of Section
4 hereof,
will issue and deliver to or upon the order of the Holder a new Warrant or
Warrants of like tenor, in the name of the Holder or as the Holder (upon paymemt
by the Holder of any applicable
transfer taxes) may direct, calling in the aggregate on the face or faces
thereof for the number of Shares called for on the face or faces of the Warrant
or Warrants so surrendered.
6
7.
Replacement of
Warrant. Upon receipt of evidence reasonably satisfactory to the Company
of the loss, theft, destruction or mutilation of this Warrant and. in the case
of any such loss, theft, or destruction, upon delivery of an indemnity bond (or.
in the case of any institutional holder, an indemnity agreement) reasonably
satisfactory in form and amount to the Company or. in the case of any such
mutilation, upon surrender and cancellation of such Warrant, the Company at its
expense will execute and deliver, in lieu thereof, a new Warrant of like tenor
and date.
8.
Covenant of Company.
The Company hereby covenants and agrees that at all times during the period in
which this Warrant may be exercised, as adjusted under Section 3.3 or 3.4. there
shall be reserved for issuance such number of shares of its Common Stock as
shall be required to be issued upon exercise of this Warrant.
9.
Representation and Warranty'
of Holder. The Holder hereby represents and warrants to the Company that
the Holder is an "accredited investor" within the meaning of Regulation I)
promulgated under the Securities Act. and acknowledges that the Company is
relying upon this representation and warranty in the issuance of this Warrant to
the Holder.
10.
Legends. The certificates representing the Shares
shall be imprinted with a legend in substantially the following
form:
THE SHARES REPRESENTED BY THIS
CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED (THE "ACT") OR ANY STATE SECURITIES LAWS. THESE SHARES MAY NOT RE SOLI),
OFFERED FOR SALE, PLEDGED, HYPOTHECATED OR OTHERWISE DISPOSED OF UNLESS AND
UNTIL (I) REGISTERED
UNDER THE ACT AND SUCH STATE SECURITIES LAWS OR (2) THE COMPANY RECEIVES AN
OPINION OF COUNSEL TO THE HOLDER SATISFACTORY TO THE COMPANY AND ITS COUNSEL
THAT SUCH REGISTRATION IS NOT REQUIRED.
A STATEMENT OF THE POWERS,
DESIGNATIONS, PREFERENCES AND RELATIVE, PARTICIPATING, OPTIONAL OR OTHER
SPECIAL RIGHTS OF EACH CLASS OF STOCK OF THE CORPORATION OR SERIES THEREOF
AND THE QUALIFICATIONS, LIMITATIONS OR RESTRICTIONS OF SUCH PREFERENCES AND/OR
RIGHTS WILL BE FURNISHED BY THE CORPORATION,
WITHOUT CHARGE, TO EACH STOCKHOLDER WHO SO REQUESTS, UPON REQUEST TO THE SECRETARY OF THE
CORPORATION."
7
11. Notices. All notices,
consents and other communications under this Warrant shall be in
writing and shall be deemed given when delivered personally or when mailed by
registered mail,
return receipt requested, or reputable overnight deliver)' service, to the
Company at its principal executive offices (Attn: President) and to the Holder
at:
(or such
other address as the Holder
may designate by notice given to the Company pursuant to this Section 11 and
shall be registered on the books of the Company). With respect to any notices
to Holder triggered by provision of Section 3.2 hereof, delivery shall be
deemed given when the notice is delivered by facsimile, e-mail, or other most
expeditious means.
12. Miscellaneous.
12.1. Termination. Neither
this Warrant nor any term hereof may be amended, modified, waived, discharged or
terminated orally.
12.2. Applicable Law. This
Warrant shall be construed and enforced in accordance with and governed by the
laws of the jurisdiction of incorporation of the Company without regarding to
provisions thereof relating to choice of law or conflicts of law.
12.3. Headings. The
headings in this Warrant are for convenience of reference only and shall not
limit or otherwise affect the meaning of any provision of this
Warrant.
12.4. No Fractional Shares.
No fractional shares of Common Stock or scrip representing fractional shares
shall be issued in connection with the exercise of this Warrant. In lieu of any
fractional shares which would otherwise be issuable, the Company shall pay cash
equal to the product of such fraction multiplied by the fair market value of one
Share as determined in good faith by the Company's Board of
Directors.
12.5. No Rights as
Stockholder. Until the exercise of this Warrant, the Holder shall not
have or exercise am rights as a stockholder of the Company by virtue of this
Warrant.
13. Expiration. The right
to exercise this Warrant shall expire at 5:00 p.m.. Mountain Standard
Time, on the Expiration Date.|
Remainder
of Page Blank Signatures Page Follows]
8
IN WITNESS WHEREOF, the
Company has caused this Warrant to be issued by a duly authorized officer
thereof as of the date set forth above.
DC Brands International, a Colorado corporation | |||
Date
|
By:
|
||
Name: Xxxxxxx X. Xxxxxx | |||
Its: President/CEO | |||
AGREED
AND ACCEPTED:
HOLDER
:
By :
___________________________________________
Authorized Person
9
EXHIBIT
A
NOTICE
OF EXERCISE
(To be
signed only upon exercise of Warrant]
TO: DC
Brands International. Inc.
The
undersigned hereby irrevocably elects to exercise the right of purchase
represented by the within Warrant for. and lo purchase thereunder
shares of Common Stock, a; provided for therein, and
tenders herewith payment of the purchase price in full for such shares of
$
,
representing the full purchase price for such shares at the price per
share provided for in such warrant.
and
shall
tender payment of all applicable issuance and transfer taxes, if
any.
Please issue a certificate
or certificates for such shares of Common Stock in the name
of:
Dated: | Name: |
|
Address: |
|
|
Signature: |
|
|
Note: the
above signature should correspond
exactly with the name on the
face of this
Warrants or with the name if
assignee appearing in the
assignment form
below.
|
10
EXHIBIT
B
INVESTMENT
REPRESENTATION STATEMENT
(to
be executed upon exercise of Warrant)
Shares of Company Common Stock
To: DC Brands Internationl,
Inc.
In connection with the purchase of the
above-listed securities pursuant to exercise of the Warrant referred to herein,
the undersigned (the "Holder") hereby represents to DC Brands International.
Inc. (the "Company") as follows:
1. Receipt of
Information. The Holder has received all the information it considers
necessary or appropriate to determine whether to purchase the shares of Common
Stock (the "Shares") issuable upon exercise of the Warrant dated 05/08/09 (the
"Warrant").
2. Investment
Representations.
(a) The
Holder is acquiring the Shares to be received upon exercise of this Warrant for
the I [older*s own account as principal, for investment purposes and not with a
view to any distribution thereof in violation of the Securities Act of 1933. as
amended (the "Securities Act"), or any other securities laws, and further
understands and acknowledges that the offer and sale of the Shares to the Holder
pursuant to this Warrant will not be registered under the Securities Act or any
state securities laws on the assumption that the offer and sale of the Shares
are exempt from registration pursuant lo Section 4(2) of the Securities Act and
Regulation I) thereunder and that Company's reliance upon such exemption is
predicated upon such Holder's representations set forth herein
(b) I he
Holder is an "accredited investor" within the meaning of Rule 501(a) of
Regulation I) under the Securities Act, and by virtue of such Holder's
experience in financial and business mailers, is capable of evaluating the
merits and risks of such Holder's investment in the Shares, has the ability to
bear the economic risks of such an investment, including a complete loss of the
investment, and has the capacity lo protect the Holder's own
interests.
(c) The
Holder acknowledges that the certificates representing the Shares shall bear a
legend substantially as set forth below indicating the restrictions on transfers
to which the Shares are subject, and instructions shall be given to the transfer
agent for the Common Stock, or other equity security being issued, that no
transfer is to be effected except in compliance with such transfer
restrictions:
"THE
SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE "ACT") OR XXX STATE SECURITIES LAWS.
THESE SHARES MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED, HYPOTHECATED OR
OTHERWISE DISPOSED OF UNLESS AND UNTIL (I) REGISTERED UNDER THE ACT AND SUCH
STATE
SECURITIES LAWS OR (2) THE COMPANY RECEIVES AN OPINION
OF COUNSEL TO THE HOLDER SATISFACTORY TO THE COMPANY AND ITS COUNSEL THAT SUCH REGISTRATION IS NOT REQUIRED.
11
A
STATEMENT OF THE POWERS, DESIGNATIONS, PREFERENCES AND RELATIVE, PARTICIPATING,
OPTIONAL OR OTHER SPECIAL RIGHTS OF EACH CLASS OF STOCK OF THE CORPORATION OR
SERIES THEREOF AND THE QUALIFICATIONS, LIMITATIONS OR RESTRICTIONS OF SUCH
PREFERENCES AND/OR RIGHTS WILL BE FURNISHED BY THE CORPORATION, WITHOUT CHARGE,
TO EACH STOCKHOLDER WHO SO REQUESTS, UPON REQUEST TO THE SECRETARY OF THE
CORPORATION."
(d) Because
the Shares have not been registered under the Securities Act or applicable state
securities laws, the Holder
acknowledges that the economic risk of the investment must be borne indefinitely
by such Holder, the Shares cannot be sold by the Holder unless subsequently
registered under the Securities Act and such laws or unless an exemption from
such registration is available, and there is no assurance that the Shares will
ever be so registered in the future.
(e) The
Holder hereby acknowledges that the Company has made available to such Holder
such books, records, corporate documents and other information as such Holder
considers necessary' to evaluating the merits and risks of an investment in the
Shares. The Holder and the Holder's representatives have had the opportunity to
ask questions of representatives of the Company and have received satisfactory
responses thereto, and to request and receive all documents concerning the
Company and the terms and conditions of such Holder's investment in the Shares.
The Holder acknowledges that the Holder has not been offered the Shares by any
means of general solicitation or advertisement, and that no commission or sales
charges is payable to any third party in connection with the exercise of the
Warrant.
(f) The
Holder recognizes that investment in the Shares involves a high degree of risk.
Such Holder is aware that no federal or state agency lies made any finding or
determination as to the fairness of the Shares for investment, nor any
recommendation or endorsement of the Shares.
Dated:
HOLDER: | |
/s/ | |
Signature
|
|
Typed or Printed Name | |
|
|
Title |
12
EXHIBIT
C
FORM OF
ASSIGNMENT
(To be
signed only upon transfer of Warrant after approval by the Company)
For value
received, the undersigned hereby sells, assigns and transfers
unto
the right represented by the within Warrant to purchase
shares of Common Stock of DC Brands International. Inc. to which
the within Warrant relates, and appoints the Secretary of DC Brands
International. Inc. as attorney to transfer such right on the books of the
Company with full power of substitution in the premises.
Dated:
(Signature
must conform in all respects to name of
holder
as specified on the face of the Warrant)
|
|
Address | |
Signed in the presence of: | |
13