AMERICAN WAGERING, INC. WARRANT TO PURCHASE SHARES OF COMMON STOCK DATE OF ISSUANCE: June 11, 2010Warrant Agreement • June 22nd, 2010 • American Wagering Inc • Services-miscellaneous amusement & recreation • Nevada
THIS IS TO CERTIFY THAT, for value received, Alpine Advisors, LLC (the “Holder”) is entitled but not obligated, during a specified period of time as set forth in Section 5 herein (the “Exercise Period”), to purchase from American Wagering, Inc., a Nevada corporation (the “Company”), up to six hundred thousand (600,000) fully paid and nonassessable shares of the Company’s common stock, $.01 par value (the “Common Stock”), at an exercise price per share as set forth in Section 1 herein (the “Exercise Price”). The term “Warrant,” as used herein, refers to this Warrant to Purchase Shares of Common Stock, the term “Warrant Shares,” as used herein, refers to the shares of Common Stock purchasable hereunder, and the term “Parties,” as used herein, refers collectively to the Holder and the Company.
