COMMON STOCK PURCHASE WARRANTGBS Enterprises Inc • April 16th, 2012 • Wholesale-furniture & home furnishings • Nevada
THIS CERTIFIES THAT, for value received, JOERG OTT, or his registered assigns, is entitled to purchase from GBS Enterprises Incorporated, a Nevada corporation (the “Company”), at any time or from time to time during the period specified in Paragraph 2 hereof, ONE HUNDRED TWENTY THOUSAND (120,000) fully paid and nonassessable shares of the Company’s common stock (the “Common Stock”), at an exercise price per share equal to ONE DOLLAR AND FIFTY CENTS (USD $1.50) (the “Exercise Price”). The term “Warrant Shares,” as used herein, refers to the shares of Common Stock purchasable hereunder.
securities purchase agreementSecurities Purchase Agreement • April 16th, 2012 • GBS Enterprises Inc • Wholesale-furniture & home furnishings • Nevada
The undersigned investor (the “Investor”) hereby purchases the number of Units of GBS Enterprises Incorporated, a Nevada corporation (the “Company”), set forth above the Investor’s name on the Execution Page of this Securities Purchase Agreement for purchase price of $1.50 per Unit. Each Unit contains one share (the (“Share”) of common stock, par value $0.001 per share (the “Common Stock”), of the Company and one warrant (the “Warrant”) to purchase one share (the “Warrant Share”) of Common Stock of the Company from the date of issuance until the third anniversary date such date for a purchase price of $1.50 per share. The Units are being sold to the Investor due to his status as an “Accredited Investor” (as defined in the Securities Act of 1933, as amended (the “Securities Act”) under the exemption from the registration requirements of the Securities Act afforded the Company under Section 4(2) promulgated under the Securities Act. The Shares, Warrants and Warrant Shares are sometimes c
