COMMON STOCK PURCHASE WARRANT To Purchase up to 650,000 shares of Common Stock of US Dataworks, Inc.Us Dataworks Inc • October 17th, 2005 • Services-prepackaged software • Nevada
THIS COMMON STOCK PURCHASE WARRANT (the “Warrant”) CERTIFIES that, for value received, Peter Simons (the “Holder”), is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the date of issuance of this Warrant (the “Initial Exercise Date”) and on or prior to the three (3) year anniversary of the Initial Exercise Date (the “Termination Date”) but not thereafter, to subscribe for and purchase from US Dataworks, Inc., a Nevada corporation (the “Company”), up to Six Hundred Fifty Thousand (650,000) shares of the Company’s common stock, par value $0.0001 per share, (the “Common Stock”). The price at which this Warrant shall be exercised is Fifty-nine cents ($0.59) per share; up to a maximum not to exceed Three Hundred Eighty-Three Thousand Five Hundred Dollars ($383,500) upon exercise for the purchase of 650,000 shares (“Warrant Shares”). The Exercise Price and the number of Warrant Shares for which the Warrant
REGISTRATION AGREEMENTRegistration Agreement • October 17th, 2005 • Us Dataworks Inc • Services-prepackaged software • Nevada
REGISTRATION AGREEMENT, dated as of September 15, 2005, between US DATAWORKS, INC. a Nevada corporation (the “Company”), and PETER SIMONS (“Simons”).
ContractUs Dataworks Inc • October 17th, 2005 • Services-prepackaged software
THIS SECURITY NOR THE SECURITIES INTO WHICH THIS SECURITY MAY BE CONVERTED HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL TO THE TRANSFEROR TO SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE TO THE COMPANY. THIS SECURITY AND THE SECURITIES ISSUABLE UPON EXERCISE OF THIS SECURITY MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN SECURED BY SUCH SECURITIES.
