COMMON STOCK PURCHASE WARRANT To Purchase 2,750,000 Shares of Common Stock of CORNERWORLD CORPORATIONCommon Stock Purchase Warrant • February 27th, 2009 • Cornerworld Corp • Transportation services
Contract Type FiledFebruary 27th, 2009 Company IndustryTHIS COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, Ned B. Timmer or his registered assigns (the “Holder”), is entitled, upon the terms and subject to the conditions hereinafter set forth, at any time on or after the date hereof (the “Initial Exercise Date”) and on or prior to the close of business on February 23, 2016 (the “Termination Date”) to purchase up to 2,750,000 shares (the “Warrant Shares”) of Common Stock, par value $0.001 per share (the “Common Stock”), of Cornerworld Corporation, a Nevada corporation (the “Company”). This Warrant is issued pursuant to that certain Stock Purchase Agreement by and among the Company, Woodland Holdings Corp., a Delaware corporation, Ned B. Timmer, an individual, and HCC Foundation, a Michigan not-for-profit corporation (the “Purchase Agreement”), dated the date hereof. The aggregate purchase price of the Warrant Shares under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b).
COMMON STOCK PURCHASE WARRANT To Purchase 250,000 Shares of Common Stock of CORNERWORLD CORPORATIONCommon Stock Purchase Warrant • February 27th, 2009 • Cornerworld Corp • Transportation services
Contract Type FiledFebruary 27th, 2009 Company IndustryTHIS COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, Peter Lazor or his registered assigns (the “Holder”), is entitled, upon the terms and subject to the conditions hereinafter set forth, at any time on or after the date hereof (the “Initial Exercise Date”) and on or prior to the close of business on February 23, 2016 (the “Termination Date”) to purchase up to 250,000 shares (the “Warrant Shares”) of Common Stock, par value $0.001 per share (the “Common Stock”), of Cornerworld Corporation, a Nevada corporation (the “Company”). This Warrant is issued pursuant to that certain Consulting Agreement by and between the Company and Peter Lazor (the “Consulting Agreement”), dated the date hereof. The aggregate purchase price of the Warrant Shares under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b).