DATE OF WARRANT: January 21, 2004 WARRANT FOR THE PURCHASE OF SHARES OF COMMON STOCK OF ACTION PRODUCTS INTERNATIONAL, INC. (A Florida corporation)Action Products International Inc • September 23rd, 2004 • Games, toys & children's vehicles (no dolls & bicycles) • New York
FOR VALUE RECEIVED, Action Products International, Inc. (“Company”), hereby certifies that Elite Financial Communications Group, LLC (“Holder”), or his, her or its Permitted Transferees with its principal executive offices located at 605 Crescent Executive Court, Suite 124, Lake Mary, Florida 32746 is entitled, subject to the terms set forth below, to purchase from the Company, at any time or from time to time during the period commencing on the date hereof and expiring on the earlier of (i) January 20, 2007 or (ii) the date two (2) years from the date the Securities and Exchange Commission declares effective a registration statement registering the offer and sale by the Holder of the Warrant Shares (as defined herein) under the Securities Act (as defined herein) Fifty Thousand (50,000) shares of Common Stock, par value $.001 per share, of the Company (“Common Stock”), at a purchase price equal to Four Dollars ($4.00) per share (the “Warrant”). The number of shares of Common Stock purc
