Exhibit 4.4
THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933 NOR UNDER APPLICABLE STATE SECURITIES LAWS AND
MAY NOT BE SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF
UNLESS IT HAS BEEN REGISTERED UNDER SUCH LAWS OR AN
EXEMPTION FROM REGISTRATION IS AVAILABLE
No. _____ April 22, 2005
STOCK PURCHASE WARRANT
To Subscribe for and Purchase Common Stock of
KNOBIAS, INC.
A Delaware Corporation
---------------------------------
THIS CERTIFIES that, for value received, Bridges & PIPES, LLC, a Delaware
limited liability company, or its registered assigns, is entitled, subject to
the terms of Section 1 hereof, to subscribe for and purchase from KNOBIAS, INC.,
a Delaware corporation (hereinafter called the "Company"), at the price of $0.75
per share (such exercise price, as from time to time to be adjusted as
hereinafter provided, being hereinafter called the "Warrant Price"), at any time
during the Exercise Period, up to 22,500 shares of fully paid, nonassessable
shares (the "Warrant Shares") of Common Stock, par value $0.01 per share, of the
Company ("Common Stock"), subject, however, to the provisions and upon the terms
and conditions hereinafter set forth, including, without limitation, the
provisions of Section 1, Section 3 and Section 4 hereof.
Section 1. Exercise of Warrant.
(a) This Warrant may be exercised by the holder hereof (the
"Warrantholder"), in whole or in part (but not as to a fractional share of
Common Stock), at any time on or after the date hereof (the "Initial Exercise
Date") and on or prior to the close of business on the five (5) year anniversary
of the Initial Exercise Date (the "Termination Date") but not thereafter (the
"Exercise Period"). Immediately upon the termination of the Exercise Period,
this Warrant shall expire. The Warrant shall be exercised by the completion of
the subscription form attached hereto as Exhibit "A" and by the surrender of
this Warrant (properly endorsed) at the office of the Company in Ridgeland,
Mississippi (or at such other agency or office of the Company in the United
States as it may designate by notice in writing to the Warrantholder at the
address of the Warrantholder appearing on the books of the Company). Payment for
the Warrant Shares may be made by cash or check payable to the Company, either
(i) accompanying the notice of the exercise, or (ii) against delivery by the
Company of the certificate(s) representing the shares being delivered in
settlement of the sale of said shares ("Payment Option B") pursuant to an
effective Registration Statement filed with the Securities and Exchange
Commission (the "SEC") in "brokers' transactions" (as such term is defined in
SEC Rule 144). In the latter case, exercise shall not be deemed to have occurred
until payment shall have been received by the Company. In the event of any
exercise of the rights represented by this Warrant, a certificate or
certificates for the Warrant Shares so purchased, registered in the name of the
Warrantholder, shall be delivered to the Warrantholder within a reasonable time,
not exceeding five (5) business days, after the rights represented by this
Warrant shall have been so exercised; and, unless this Warrant has expired or
been exercised in full, a new Warrant representing the number of shares (except
a remaining fractional share), if any, with respect to which this Warrant shall
not then have been exercised shall also be issued to the Warrantholder within
such time. With respect to any such exercise, the Warrantholder shall for all
purposes be deemed to have become the holder of record of the number of shares
of Common Stock evidenced by such certificate or certificates from the date on
which this Warrant was surrendered and payment of the Warrant Price was made
irrespective of the date of delivery of such certificate, except that, if the
date of such surrender and payment is a date on which the stock transfer books
of the Company are closed, such person shall be deemed to have become the holder
of such shares at the close of business on the next succeeding date on which the
stock transfer books are open. No fractional shares shall be issued upon
exercise of this Warrant. If any fractional interest in a share of Common Stock
would, except for the provisions of this Section 1, be delivered upon any such
exercise, the Company, in lieu of delivering the fractional share thereof, shall
pay to the Warrantholder an amount in cash equal to the current market price of
such fractional interest as determined in good faith by the Board of Directors
of the Company. Unless the exercise of the Warrants shall be in connection with
the sale of said shares as contemplated in Payment Option B, the shares shall
bear a restrictive legend in substantially the following form:
"THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER
THE SECURITIES ACT OF 1933 ("THE ACT") AND ARE "RESTRICTED SECURITIES" AS
THAT TERM IS DEFINED IN RULE 144 UNDER THE ACT. THE SHARES MAY NOT BE
OFFERED FOR SALE, SOLD OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN
EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT, OR PURSUANT TO AN
EXEMPTION FROM REGISTRATION UNDER THE ACT, THE AVAILABILITY OF WHICH IS TO
BE ESTABLISHED TO THE SATISFACTION OF THE COMPANY."
(b) In lieu of exercising this Warrant pursuant to Section 1(a) hereof,
the Warrantholder may elect to receive Warrant Shares equal to the value of this
Warrant determined in the manner described below (or any portion hereof
remaining unexercised) upon delivery of this Warrant at the offices of the
Company or at such other address as the Company may designate by notice in
writing to the registered Warrantholder hereof with the Notice of Cashless
Exercise Form annexed hereto duly executed. In such event the Company shall
issue to the Warrantholder a number of Warrant Shares computed using the
following formula:
X = Y (A-B)
-----------
A
Where X = the number of Warrant Shares to be issued to the Warrantholder.
Y = the number of Warrant Shares purchasable under this Warrant (at the date of
such calculation).
A = the Market Value per share of the Company's Common Stock on the business day
immediately preceding the day on which the Notice of Cashless Exercise is
received by the Company.
B = Warrant Price per share (as adjusted to the date of such calculation).
(c) For purposes of this Warrant
(i) the Market Value of a share of Common Stock or other equity
security of the Company on any date shall be equal to:
(A) the closing sale price per share (or other unit in which
such security is denominated) as published by a national securities exchange on
which shares of Common Stock (or other units of the security) are traded (an
"Exchange") on such date or, if there is no sale of Common Stock (or other
units) on such date, the average of the bid and asked prices on such exchange at
the close of trading on such date, or
(B) if shares of Common Stock (or other unit) are not listed
on a national securities exchange on such date, the closing price per share (or
other unit) as published on the National Association of Securities Dealers
Automatic Quotation System ("NASDAQ") National Market System if the shares (or
other units) are quoted on such system on such date, or
(C) the average of the bid and asked prices in the
over-the-counter market at the close of trading on such date if the shares (or
other units) are not traded on an exchange or listed on the NASDAQ National
Market System, or
(D) if the security is not traded on a national securities
exchange or in the over-the-counter market, the fair market value of a share of
Common Stock (or other unit) on such date as determined in good faith by the
Board of Directors. Notwithstanding the foregoing, a regional stock exchange
shall not be deemed to be a national securities exchange unless the trading
volume of the Common Stock on such exchange exceeds the trading volume on NASDAQ
or the over-the-counter market for the thirty-day period ended on the date
immediately preceding the date this Warrant is exercised.
(ii) If the Holder disagrees with the determination of the Market
Value of any securities of the Company determined by the Board of Directors
under subparagraph 1(c)(i)(D), the Market Value of such securities shall be
determined by an independent appraiser acceptable to the Company and the
Warrantholder (or, if they cannot agree on such an appraiser, by an independent
appraiser selected by each of them, and Market Value shall be the median of the
appraisals made by such appraisers). If there is one appraiser, the cost of the
appraisal shall be shared equally between the Company and the Warrantholder. If
there are two appraisers, each of the Company and the Warrantholder shall pay
for its own appraisal.
Section 2. Adjustment of Number of Shares. Upon each adjustment of the Warrant
Price as provided herein, the Warrantholder shall thereafter be entitled to
purchase, at the Warrant Price resulting from such adjustment, the number of
Warrant Shares (calculated to the nearest tenth of a share) obtained by
multiplying the Warrant Price in effect immediately prior to such adjustment by
the number of Warrant Shares purchasable pursuant hereto immediately prior to
such adjustment and dividing the product thereof by the Warrant price resulting
from such adjustment.
Section 3. Adjustment of Price Upon Issuance of Common Stock. If and whenever
the Company shall issue or sell any shares of its Common Stock (as defined in
Section 3(h)) in a transaction described in paragraphs (a), (b) or (c) of this
Section 3, for a consideration per share less than the Warrant Price in effect
immediately prior to the time of such issue or sale, then, forthwith upon such
issue or sale, the Warrant Price shall be reduced to the price (calculated to
the nearest $.001) determined by dividing: (a) an amount equal to the sum of (x)
the number of shares of Common Stock outstanding immediately prior to such issue
or sale multiplied by the then existing Warrant Price, and (y) the
consideration, if any, received by the Company upon such issue or sale; by (b)
the total number of shares of Common Stock outstanding immediately after such
issue or sale (including as outstanding all shares of Common Stock issuable upon
exercise of this Warrant immediately prior to such issue or sale). No
adjustments of the Warrant Price, however, shall be made in an amount less than
$.001 per share, but any such lesser adjustment shall be carried forward and
shall be made at the time and together with the next subsequent adjustment which
together with any adjustments so carried forward shall amount to $.001 per share
or more.
For purposes of this Section 3, the following paragraphs (a) to (h), inclusive,
shall be applicable:
(a) Stock Dividends. If, after the date of this Warrant, the Company shall
declare a dividend or make any other distribution upon any stock of the Company
payable in Common Stock, or any options for the purchase of Common Stock (other
than options for Common Stock specifically permitted to be issued in the
discretion of the Board of Directors as referenced in the Company's Amended and
Restated Certificate of Incorporation, as amended, or as may be issued pursuant
to the Company's Stock Option Plan) or any stock or securities convertible into
or exchangeable for Common Stock (such rights or options being herein called
"Options" and such convertible or exchangeable stock or securities being herein
called "Convertible Shares") any Common Stock, Options or Convertible
Securities, as the case may be, issuable in payment of such dividend or
distribution shall be deemed to have been issued in a subdivision of outstanding
shares as provided in Section 3(h) below.
(b) Subdivision or Combination of Stock. If the Company shall at any time
subdivide its outstanding shares of Common Stock into a greater number of
shares, the Warrant Price in effect immediately prior to such subdivision shall
be proportionately reduced, i.e., the Warrantholder shall be entitled to
purchase after such subdivision, for the same consideration as applicable prior
to such subdivision, the same percentage of outstanding Common Stock that such
Warrantholder was entitled to purchase prior to such subdivision, and
conversely, in case the outstanding shares of Common Stock of the Company shall
be combined into a smaller number of shares, the Warrant Price in effect
immediately prior to such combination shall be proportionately increased.
(c) Reorganization, Reclassification, Consolidation, Merger or Sale. If
any capital reorganization or reclassification of the capital stock of the
Company or any consolidation or merger of the Company with another corporation,
or the sale of all or substantially all its assets to another corporation shall
be effected in such a way that holders of Common Stock shall be entitled to
receive stock, securities or assets with respect to or in exchange for Common
Stock, then, as a condition of such reorganization, reclassification,
consolidation, merger or sale, lawful and adequate provisions shall be made
whereby each Warrantholder shall thereafter have the right to receive upon the
basis and upon the terms and conditions specified herein and in lieu of the
shares of Common Stock of the Company immediately theretofore receivable upon
the exercise of such Warrant or Warrants, such shares of stock, securities or
assets (including cash) as may be issued or payable with respect to or in
exchange for a number of outstanding shares of Common Stock equal to the number
of shares of such stock immediately theretofore so receivable had such
reorganization, reclassification, consolidation, merger or sale not taken place,
and in any such case appropriate provision shall be made with respect to the
rights and interests of such Warrantholder to the end that the provisions hereof
(including, without limitation, provisions for adjustments of the Warrant Price)
shall thereafter be applicable, as merely as may be, in relation to any shares
of stock, securities or assets thereafter deliverable upon the exercise of such
Warrants (including an immediate adjustment, by reason of such consolidation or
merger, of the Warrant Price to the value for the Common Stock reflected by the
terms of such consolidation or merger if the value so reflected is less than the
Warrant Price in effect immediately prior to such consolidation or merger ). In
the event of a merger or consolidation of the Company as a result of which a
greater or lesser number of shares of common stock of the surviving corporation
are issuable to holders of Common Stock of the Company outstanding immediately
prior to such merger or consolidation, the Warrant Price in effect immediately
prior to such merger or consolidation shall be adjusted in the same manner as
though there were a subdivision or combination of the outstanding shares of
Common Stock of the Company. The Company will not effect any such consolidation,
merger or sale, unless prior to the consummation thereof the successor
corporation (if other than the Company) resulting from such consolidation or
merger or the corporation purchasing such assets shall assume, by written
instrument executed and mailed or delivered to each Warrantholder at the last
address of such Warrantholder appearing on the books of the Company, the
obligation to deliver to such Warrantholder such shares of stock, securities or
assets as, in accordance with the foregoing provisions, such Warrantholder may
be entitled to receive upon exercise of such Warrants.
(d) Notice of Adjustment. Upon any adjustment of the Warrant Price, then
and in each such case the Company shall give written notice thereof, by first
class mail, postage prepaid, addressed to each Warrantholder at the address of
such Warrantholder as shown on the books of the Company, which notice shall
state the Warrant Price resulting from such adjustment, setting forth in
reasonable detail the method of calculation and the facts upon which such
calculation is based.
(e) Stock to be Reserved. The Company will at all times reserve and keep
available out of its authorized Common Stock or its treasury shares, solely for
the purpose of issuance upon the exercise of this Warrant as herein provided,
such number of Warrant Shares as shall then be issuable upon the exercise of
this Warrant. The Company covenants that all Warrant Shares which shall be so
issued shall be duly and validly issued and fully paid and nonassessable and
free from all taxes, liens and charges with respect to the issue thereof. The
Company will take all such action as may be necessary to assure that all such
Warrant Shares may be so issued without violation of any applicable law or
regulation, or of any requirements of any national securities exchange upon
which the Common Stock of the Company may be listed. The Company will not take
any action which results in any adjustment of the Warrant Price if the total
number of shares of Common Stock issued and issuable after such action upon
exercise of this Warrant would exceed the total number of shares of Common Stock
then authorized by the Company's Amended and Restated Certificate of
Incorporation. The Company has not granted and will not grant any right of first
refusal with respect to shares issuable upon exercise of this Warrant, and there
are no preemptive rights associated with such shares.
(f) Issue Tax. The issuance of certificates for Warrant Shares upon
exercise of this Warrant shall be made without charge to the Warrantholder
hereof for any issuance tax in respect thereof, provided that the Company shall
not be required to pay any tax which may be payable in respect of any transfer
involved in the issuance and delivery of any certificate in a name other than
that of the Warrantholder.
(g) Closing of Books. The Company will at no time close its transfer books
against the transfer of the Warrant Shares issued or issuable upon the exercise
of this Warrant in any manner which interferes with the timely exercise of this
Warrant.
(h) Definition of Common Stock. As used herein the term "Common Stock"
shall mean and include the 95,000,000 shares of Common Stock, as authorized on
the date hereof and also any capital stock of any class of the Company
hereinafter authorized which shall not be limited to a fixed sum or percentage
in respect of the rights of the holders thereof to participate in dividends or
in the distribution of assets upon the voluntary or involuntary liquidation,
dissolution or winding up of the Company; provided, however, that the Warrant
Shares purchasable pursuant to this Warrant shall include only shares designated
as Common Stock of the Company on the date hereof or shares of any class or
classes resulting from any reclassification or reclassifications thereof and in
case at any time there shall be more than one such resulting class, the shares
of each class then so issuable shall be substantially in the proportion which
the total number of shares of such class resulting from all such
reclassifications bears to the total number of shares of all such classes
resulting from all such reclassifications.
Section 4. Notices of Record Dates. In the event of:
(a) any taking by the Company of a record of the holders of any class of
securities for the purpose of determining the holders thereof who are entitled
to receive any dividend or other distribution (other than cash dividends out of
earned surplus), or any right to subscribe for, purchase or otherwise acquire
any shares of stock of any class or any other securities or property, or to
receive any right to sell shares of stock of any class or any other right; or
(b) any capital reorganization of the Company, any reclassification or
recapitalization of the capital stock of the Company or any transfer of all or
substantially all the assets of the Company to or consolidation or merger of the
Company with or into any other corporation or entity; or
(c) any voluntary or involuntary dissolution, liquidation or winding-up of
the Company, then and in each such event the Company will give notice to the
Warrantholder specifying: (i) the date on which any such record is to be taken
for the purpose of such dividend, distribution or right and stating the amount
and character of such dividend, distribution or right; and (ii) the date on
which any such reorganization, reclassification, recapitalization, transfer,
consolidation, merger, dissolution, liquidation or winding-up is to take place,
and the time, if any is to be fixed, as of which the holders of record of Common
Stock will be entitled to exchange their shares of Common Stock for securities
or other property deliverable upon such reorganization, reclassification,
recapitalization, transfer, consolidation, merger, dissolution, liquidation or
winding-up. Such notice shall be given at least ten (10) and not more than
ninety (90) days prior to the date therein specified, and such notice shall
state that the action in question or the record date is subject to (x) the
effectiveness of a registration statement under the Securities Act and
applicable state securities laws, or (y) a favorable vote of stockholders, if
either is required.
Section 5. No Stockholder Rights or Liabilities.
(a) Except as set forth in Section 5(b), this Warrant shall not entitled
the Warrantholder to any voting rights or other rights as a stockholder of the
Company. No provision hereof, in the absence of affirmative action by the
Warrantholder to purchase Warrant Shares, and no mere enumeration herein of the
rights or privileges of the Warrantholder hereof, shall give rise to any
liability of such Warrantholder for the Warrant Price or as a stockholder of the
Company, whether such liability is asserted by the Company or by creditors of
the Company.
(b) At any time during which this Warrant is exercisable, the Company
shall, prior to making any distribution of its property or assets to the holders
of its Common Stock as a dividend in liquidation or partial liquidation or by
way of return of capital or any dividend payable to the holders of Common Stock
out of funds legally available for dividends under the laws of the State of
Delaware, give to the Warrantholder not less than ten (10) days prior written
notice of any such distribution. If such Warrantholder shall exercise this
Warrant on or prior to the date of such distribution set forth in such notice,
such Warrantholder shall be entitled to receive, upon such exercise: (i) the
number of Warrant Shares receivable pursuant to such exercise; and (ii) without
payment of any additional consideration, a sum equal to the amount of such
property or assets as would have been payable to the Warrantholder as an owner
of the shares described in clause (i) of this Section 5(b) and the Warrantholder
hereof having been the holder of record of such shares on the record date for
such distribution; and an appropriate provision with respect to such payment to
such holder as described in this Section 5(b) shall be made a part of any such
distribution.
Section 6. Registration Rights Under the Securities Act of 1933.
(a) Piggyback Registration. If at any time or from time to time, the
Company shall register the sale of any of its Common Stock under the Securities
Act for its own account or the account of any of its security holders, other
than a registration on Form S-8 relating solely to an employee benefit plan or a
registration on Form S-4 relating solely to a transaction under Rule 145 of the
Securities Act, the Company will: (i) give to the initial Warrantholder and each
other person or entity who holds all or any portion of this Warrant or the
Warrant Shares (collectively with the initial Warrantholder, the "Holders")
written notice thereof as soon as practicable prior to filing the registration
statement, but in any event not later than ten (10) days prior to such filing;
and (ii) on behalf of all entities requesting inclusion in such offering,
include the Registrable Securities (as defined in Section 6(b)) in the offering
and may condition such offer on their acceptance of any other reasonable
conditions (including, without limitation, if such offering is underwritten,
that such requesting holders agree in writing to enter into an underwriting
agreement with customary terms). If the representative of the underwriter
advises the Company in writing that marketing factors require a limitation on
the number of shares to be underwritten, the numbers of shares to be included in
the underwriting or registration shall be allocated first to the Company,
second, to the Company's security holders that triggered the instant
registration (the "Triggering Holders") and thereafter shall be allocated among
the Holders and other security holders requesting inclusion in the offering pro
rata on the basis of the number of shares each requesting Holder and other
security holder requests to be included bears to the total number of shares of
all requesting holders that have been requested to be included in such offering
(to the extent not included as a Triggering Holder). If a person who has
requested inclusion in such offering as provided above does not agree to the
terms of any such underwriting, such person shall be excluded therefrom by
written notice from the Company or the underwriter. The securities so excluded
shall also be withdrawn from registration, if applicable.
(b) Registrable Securities. For the purposes of this Section 6, the term
"Registrable Securities" shall mean any Warrant Shares issued or issuable to a
Holder upon exercise of its Warrant, any shares of Common Stock issued to a
Holder as a dividend on its Warrant Shares, and any other shares of Common Stock
distributable on, with respect to, or in replacement of or substitution for such
Registrable Securities, including those that have been transferred as permitted
under this Warrant, except for those that have been sold or transferred pursuant
to an effective registration statement or as may be resold pursuant to Rule 144
under the Securities Act.
(c) Obligations of a Holder and Others in a Registration. Each Holder
agrees to timely furnish such information regarding such person and the
securities sought to be registered and to take such other action as the Company
may reasonably request, including the entering into of agreements and the
providing of documents, in connection with the registration or qualification of
such securities or the compliance of such registration statement with all
applicable laws. Such Holders severally agree that, in connection with any
offering undertaken pursuant to Section 6(a), the Company shall have the right
to, if it deems an underwriter or underwriters necessary or appropriate,
designate such underwriter(s). If the registration involves an underwriter, each
participating Holder agrees, upon the request of such underwriter, not to sell
any unregistered securities of the Company for a period of 120 days following
the effective date of the registration statement for such offering and to enter
into an underwriting agreement with such underwriters containing customary terms
and provisions.
(d) Indemnification.
(1) Subject to applicable law, the Company will indemnify each
Holder, each underwriter and each person controlling such Holder or underwriter
against all claims, losses, damages and liabilities, including legal and other
expenses reasonably incurred, arising out of any untrue or allegedly untrue
statement of a material fact contained in the registration statement, or any
omission or alleged omission to state a material fact required to be stated in
the registration statement or necessary to make any statements therein not
misleading, or arising out of any violation by the Company of the Securities
Act, any state securities or "blue sky" laws or any applicable rule or
regulation, except with respect to an untrue statement or omission contained in
any information or affidavit furnished in writing by the Holder for inclusion in
such registration statement.
(2) Subject to applicable law, each Holder, severally and not
jointly, will indemnify the Company, and each person controlling the Company,
against all claims, losses, damages and liabilities, including legal and other
expenses reasonably incurred, arising out of any untrue or allegedly untrue
statement of a material fact contained in the registration statement, or
required to be stated in the registration statement or necessary to make the
statements contained therein not misleading, to the extent, but only to the
extent, that such untrue statement or omission is contained in any information
or affidavit furnished in writing by such Holder to the Company specifically for
inclusion in such registration statement.
(e) Transfer of Registration Rights. The registration rights of a Holder
under this Section shall automatically be transferred to any transferee of this
Warrant, or any portion thereof, or of any Registrable Securities, without any
notice or other action by the transferring Holder of such transferee. Any such
transferee will be deemed to be a Holder for purposes of this Section 6, and as
a condition precedent to such transferee's exercise of its rights hereunder,
such transferee must agree to be bound by the terms of this Section 6.
(f) Expenses of Registration. The expenses incurred in connection with
registrations pursuant to this Section 6, namely all registration fees, federal
and state filing and qualification fees, printing expenses, fees and
disbursements of counsel for the Company and expenses of any special audits of
the Company's financial statements incidental to or required by such
registration, shall be borne by the Company, except that the Company shall not
be required to pay the fees and disbursements of counsel for the Holder or
Holders or underwriters' discounts or commissions relating to Registrable
Securities being sold by any Holders.
Section 7. Lost, Stolen, Mutilated or Destroyed Warrant. If this Warrant is
lost, stolen, mutilated or destroyed, the Company may, on such terms as to
indemnity or otherwise as it may in its discretion reasonably impose (which
shall, in the case of a mutilated Warrant, include the surrender thereof), issue
a new Warrant of like denomination and tenor as the Warrant so lost, stolen,
mutilated or destroyed. Any such new Warrant shall constitute an original
contractual obligation of the Company, whether or not the allegedly lost,
stolen, mutilated or destroyed Warrant shall be at any time enforceable by
anyone.
Section 8. Notices. Any notice or other communication to be given hereunder
shall be in writing and mailed or telecopied to such party at the address or
number set forth below:
If to the Company:
Knobias, Inc.
000 Xxxxx Xxxx Xxxxx, Xxxx. 0, Xxxxx 000
Xxxxxxxxx, Xxxxxxxxxxx 00000
Telephone No.: 000-000-0000
Telecopier No.: 000-000-0000
If to the Warrantholder, to the address set forth on the subscription documents
submitted by the Warrantholder upon the original issuance of the Old Warrant or
to such other person, address or number as the party entitled to such notice or
communication shall have specified by notice to the other party given in
accordance with the provisions of this Section. Any such notice or other
communication shall be deemed given when received as evidenced by (i) the
receipt if sent by certified United States mail, (ii) certificate of courier
service if sent by overnight or hand delivery, or (iii) by facsimile
acknowledgment of transmission if sent by facsimile.
Section 9. Governing Law. This Warrant shall be governed by and construed in
accordance with the laws of the State of Delaware, without giving effect to such
jurisdiction's principles of conflict of laws.
IN WITNESS WHEREOF, Knobias, Inc., has executed this Warrant as of the
22nd day of April, 2005.
KNOBIAS, INC.
/s/ E. KEY XXXXXX
-----------------------------------
E. Key Xxxxxx, President
