ELEMENT 21 GOLF COMPANY COMMON STOCK PURCHASE WARRANTElement 21 Golf Co • August 3rd, 2006 • Sporting & athletic goods, nec • Delaware
Element 21 Golf Company, a Delaware corporation (the “Company”), hereby certifies that, for value received, ___________, or any transferee or assignee of this Warrant (the “Warrantholder”), is entitled, subject to the terms set forth below, to purchase from the Company at any time or from time to time before 5:00 p.m. Eastern time, on the Expiration Date (as hereinafter defined), that number of fully paid and nonassessable shares of common stock, $.01 par value per share, of the Company (the “Warrant Shares”) as is equal to the Warrant Number (as hereinafter defined), at a purchase price per share as shall be equal to the Purchase Price (as hereinafter defined) in effect at the time of the exercise of this Warrant. The Warrant Number and the Purchase Price are subject to adjustment as provided in this Warrant.
SUBSCRIPTION AGREEMENT July __, 2006Subscription Agreement • August 3rd, 2006 • Element 21 Golf Co • Sporting & athletic goods, nec • Delaware
