Warrant to Purchase Common StockWarrant Agreement • February 21st, 2017 • JetPay Corp • Blank checks • Delaware
This Warrant to Purchase Common Stock (the “Warrant”) certifies that, for good and valuable consideration, WLES, L.P., a Texas limited partnership (along with its permitted assignees, the “Holder”), is entitled to, and JetPay Corporation, a Delaware corporation (the “Company”), hereby grants the Holder the right to, purchase, as of the date hereof, up to 266,667 fully paid and nonassessable shares of Common Stock, par value $0.001 per share (the “Common Stock”), of the Company (as adjusted pursuant to Section 3 hereof) (the “Warrant Shares”), subject to the provisions and upon the terms and conditions hereinafter set forth. The right of the Holder to purchase the Common Stock shall be at a price per share equal to $2.27 (as adjusted pursuant to Section 3 hereof) (the “Exercise Price”), subject to the provisions and upon the terms and conditions hereinafter set forth.
