INSIGHTFUL SOLUTIONS, INC. Stock Purchase Warrant Agreement Name(s) of Warrant Owners(s) _________________________________________ Number of Warrants Owned: Warrant A ____________ Warrant B _________ Warrant Terms: Warrant A allows the above named...Purchase Warrant Agreement • May 15th, 2003 • Insightful Solutions Inc
Warrant A allows the above named owner(s) the right to acquire four (4) shares of the Company's common stock for each of Warrant A owned at the exercise price of the $1.00 per share. Warrant B allows the above named owner(s) the right to acquire three (3) shares of the Company's common stock for each Warrant B owned at the exercise price of $3.50 dollars per share. The Warrants cannot be exercised until the effective date of a registration statement to be filed with Securities Exchange Commission (SEC) for the purpose of registering the common stock and warrants. Warrant A will expire twelve months from said effective date, and Warrant B will expire 18 months from said date. The Warrants will remain effective during the exercise period, and the Company's Board of Directors has the right to extend expiration dates as long as the registration statement filed with the SEC is kept current. The Board of Directors as other rights involving the modification of the Warrants if it feels it is i
