WARRANT AGREEMENT between Path 1 Network Technologies Inc. and Dated as of , 2003Warrant Agreement • July 25th, 2003 • Path 1 Network Technologies Inc • Communications equipment, nec • Delaware
This Agreement, dated as of , 2003, is between Path 1 Network Technologies, Inc., a Delaware corporation (the “Company”) and , a , (the “Warrant Agent”).
Units Path 1 Network Technologies Inc. UNDERWRITING AGREEMENTUnderwriting Agreement • July 25th, 2003 • Path 1 Network Technologies Inc • Communications equipment, nec • Oregon
This opinion is rendered to you in connection with the Agreement and is solely for your benefit. This opinion may not be relied upon by you for any other purpose, or relied upon by any other person, firm, corporation, or other entity for any purpose, without our prior written consent. We disclaim any obligation to advise you of any developments in areas covered by this opinion that occur after the date of this opinion.
THIS WARRANT HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 AND IS NOT TRANSFERABLE EXCEPT AS PROVIDED HEREIN Path 1 Network Technologies, Inc. PURCHASE WARRANT Issued to: PAULSON INVESTMENT COMPANY, INC. Exercisable to Purchase Units of...Warrant Agreement • July 25th, 2003 • Path 1 Network Technologies Inc • Communications equipment, nec • Oregon
This is to certify that, for value received and subject to the terms and conditions set forth below, the Warrantholder (hereinafter defined) is entitled to purchase, and the Company promises and agrees to sell and issue to the Warrantholder, at any time on or after , 2004 and on or before , 2008, up to Units (hereinafter defined) at the Exercise Price (hereinafter defined).
