FORM OF WARRANT INSPRO TECHNOLOGIES CORPORATION WARRANTInsPro Technologies Corp • February 1st, 2013 • Services-prepackaged software
InsPro Technologies Corporation, a Delaware corporation (the “Company”), hereby certifies that, for value received, _____________ or its registered assigns (the “Holder”), is entitled to purchase from the Company up to a total of _________ shares of common stock, $0.001 par value per share (the “Common Stock”), of the Company (each such share, a “Warrant Share” and all such shares, the “Warrant Shares”) at an exercise price equal to $0.15 per share (as adjusted from time to time as provided herein, the “Exercise Price”), at any time and from time to time on or after the date hereof and to and including the earlier to occur of (a) the Call Event Expiration Date (as defined below) and (b) __________, 2018 (the earlier to occur of (a) and (b), the “Expiration Date”), and subject to the terms and conditions set forth herein. This warrant and any warrants issued in exchange, transfer or replacement hereof, are referred to herein as the “Warrant.”
