PINPOINT NETWORKS, INC. STOCK PURCHASE WARRANTStock Purchase Warrant • May 14th, 2010 • Motricity Inc • Services-business services, nec • North Carolina
Contract Type FiledMay 14th, 2010 Company Industry JurisdictionThis certifies that, for the agreed upon value of $1.00 and in consideration for that certain Third Loan Modification Agreement, made as of March 26, 2002 (the “Loan Agreement”), and for other good and valuable consideration, SILICON VALLEY BANK or its permitted registered assigns (either, the “Registered Holder”), is entitled, subject to the terms and conditions of this Warrant, to purchase from PINPOINT NETWORKS, INC., a Delaware corporation (the “Company”), at any time after the date of this Warrant and prior to the Expiration Date (as defined below), 70,000 shares of the Company’s Series B Preferred Stock, $0.001 par value per share (the “Warrant Stock”), at a purchase price equal to $0.491855118 per share (as adjusted as hereinafter set forth, the “Purchase Price”), upon the terms and conditions set forth below.
PINPOINT NETWORKS, INC. STOCK PURCHASE WARRANTStock Purchase Warrant • May 14th, 2010 • Motricity Inc • Services-business services, nec • North Carolina
Contract Type FiledMay 14th, 2010 Company Industry JurisdictionThis certifies that, in connection with that certain Third Loan Modification Agreement, made as of March 26, 2002 (the “Loan Agreement”), and for the agreed upon value of $1.00 and in consideration of Registered Holder’s (as hereinafter defined) surrender and delivery to the Company (as hereinafter defined) of that certain Stock Purchase Warrant No. WB-1, dated as of June 7, 2001, and for other good and valuable consideration, SILICON VALLEY BANK or its permitted registered assigns (either, the “Registered Holder”), is entitled, subject to the terms and conditions of this Warrant, to purchase from PINPOINT NETWORKS, INC., a Delaware corporation (the “Company”), at any time after the date of this Warrant and prior to the Expiration Date (as defined below), 182,198 shares of the Company’s Series A Preferred Stock, $0.001 par value per share (the “Warrant Stock”), at a purchase price equal to $0.296952013 per share (as adjusted as hereinafter set forth, the “Purchase Price”), upon the ter