BLUEGATE CORPORATION SUITE 600 HOUSTON, TEXAS 77024 STOCK PURCHASE WARRANTStock Purchase Warrant • March 3rd, 2008 • Bluegate Corp • Services-business services, nec • Texas
THIS CERTIFIES THAT, for value received, SAI Corporation (the "Holder"), is entitled to purchase from BLUEGATE CORPORATION, a Nevada corporation (the "Company"), at any time from February 28, 2008 until 5:00 p.m. (EST) on February 28, 2013, 1,000,000 fully paid and non-assessable shares of the Company's common stock, par value $0.001 per share ("Common Stock"), at an exercise price of $0.0333334 per share, as adjusted.
PROMISSORY NOTE AND SECURITY AGREEMENTPromissory Note and Security Agreement • March 3rd, 2008 • Bluegate Corp • Services-business services, nec • Texas
This note possesses a revolving or draw feature. Debtors shall be entitled to borrow up to the full principal amount of the note from time to time during the term of the note. It is agreed by Debtors that in accordance with this note, as of February 27, 2008, Secured Party has advanced the aggregate amount of approximately $500,000.00.
