SUBSCRIPTION AGREEMENT [For Purchase of Shares of Common Stock]Subscription Agreement • August 16th, 2010 • Pokertek, Inc. • Miscellaneous manufacturing industries • North Carolina
THIS CONFIDENTIAL PRIVATE PLACEMENT MEMORANDUM CONSTITUTES AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY THE SHARES OF COMMON STOCK OF POKERTEK, INC. AS INDICATED ABOVE, AND THIS OFFERING IS MADE ONLY TO THOSE INVESTORS WHO QUALIFY AS “ACCREDITED INVESTORS” WITHIN THE MEANING OF RULE 501(A) OF THE SECURITIES ACT OF 1933, AS AMENDED.
POKERTEK, INC. SERIES A WARRANT TO PURCHASE 10,000 SHARES OF COMMON STOCK (SUBJECT TO ADJUSTMENT) (Void after March 31, 2015)Security Agreement • August 16th, 2010 • Pokertek, Inc. • Miscellaneous manufacturing industries • North Carolina
THIS SERIES A COMMON STOCK PURCHASE WARRANT CERTIFIES that, for value received, Raymond D. Gregson (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 September 30, 2010 (the “Initial Exercise Date”) or prior to the close of business on March 31, 2015 (the “Termination Date”) but not thereafter, to subscribe for and purchase from PokerTek, Inc., a North Carolina corporation (the “Company”), up to 10,000 shares (the “Warrant Shares”) of Common Stock, no par value per share, of the Company (the “Common Stock”). The purchase price of one share of Common Stock (the “Exercise Price”) under this Warrant shall be $1.00, subject to adjustment hereunder. The Exercise Price and the number of Warrant Shares for which the Warrant is exercisable shall be subject to adjustment as provided herein. Capitalized terms used and not otherwise defined herein shall have the meanings set forth in that certain
