Void after 5:00 P.M. New York City time on the last day of the Exercise Period, as defined in the Warrant COMMON STOCK PURCHASE WARRANT OF POWER EFFICIENCY CORPORATIONCommon Stock Purchase Warrant • July 19th, 2005 • Power Efficiency Corp • Electrical industrial apparatus • Delaware
This is to certify that, FOR VALUE RECEIVED, (the “Holder”), is entitled to purchase, subject to the provisions of this Warrant, from Power Efficiency Corporation, a Delaware corporation (the “Company”), at an exercise price per share of ($ ), subject to adjustment as provided in this Warrant (the “Warrant Exercise Price”), ( ) shares of common stock, par value $0.01 per share (the “Common Stock”). The shares of Common Stock deliverable upon such exercise, and as adjusted from time to time, are hereinafter sometimes referred to as the “Warrant Shares.”
