SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • September 29th, 2006 • Sub-Urban Brands, Inc. • Services-personal services • New York
This Securities Purchase Agreement (this “Agreement”) is dated as of August __, 2006, by and among Sub-Urban Brands, Inc., a Nevada corporation (the “Company”), and the purchasers identified on the signature pages hereto (each, including its successors and assigns, a “Purchaser” and collectively the “Purchasers”).
SUB-URBAN BRANDS, INC. Subordinated Promissory Note Due Date: as set forth hereinSub-Urban Brands, Inc. • September 29th, 2006 • Services-personal services
This Subordinated Promissory Note (the “Note”) is issued by Sub-Urban Brands, Inc., a Nevada corporation (the “Obligor”), to ________________. (the “Holder”), pursuant to that certain Securities Purchase Agreement (the “Securities Purchase Agreement”) of even date herewith. Capitalized terms not otherwise defined herein shall have the meaning ascribed thereto in the Securities Purchase Agreement.
COMMON STOCK PURCHASE WARRANT To Purchase 62,500 Shares of Common Stock of SUB- URBAN BRANDS, INC.Notice of Exercise • September 29th, 2006 • Sub-Urban Brands, Inc. • Services-personal services
THIS COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, ______________ (the “Holder”), is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the date hereof (the “Initial Exercise Date”) and on or prior to the close of business on the three year anniversary of the Initial Exercise Date (the “Termination Date”) but not thereafter, to subscribe for and purchase from Sub-Urban Brands, Inc. a Nevada corporation (the “Company”), up to 62,500 shares (the “Warrant Shares”) of Common Stock, par value $0.001 per share, of the Company (the “Common Stock”). The purchase price of one share of Common Stock under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b).
