Void after 5:00 P.M. New York City time on the last day of the Exercise Period, as defined in the Warrant CLASS B COMMON STOCK PURCHASE WARRANT OF SHUMATE INDUSTRIES, INC.Warrant Agreement • April 12th, 2007 • Shumate Industries Inc • Fabricated structural metal products • New York
This is to certify that, FOR VALUE RECEIVED, ______________________________ (“Holder”), is entitled to purchase, subject to the provisions of this warrant (“Warrant” or “Class B Warrant”), from Shumate Industries, Inc., a Delaware corporation (the “Company”), at an exercise price per share of $2.00, subject to adjustment as provided in this Warrant (the “Warrant Exercise Price”), __________________ (___________) shares of common stock, par value $0.001 per share (“Common Stock”). The shares of Common Stock deliverable upon such exercise, and as adjusted from time to time (including shares issued as dividends or upon any stock split or recapitalization), are hereinafter sometimes referred to as “Warrant Shares.”
