SONIC FOUNDRY, INC. WARRANTWarrant Agreement • December 28th, 2010 • Sonic Foundry Inc • Radio & tv broadcasting & communications equipment
Sonic Foundry, Inc., a Maryland corporation (the “Company”), hereby certifies that, in exchange for services to be provided, Jonathan Hodson-Walker (“Holder”) is entitled, subject to the terms set forth below, to purchase from the Company up to a total of 26,250 shares of common stock, $.01 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 $2.11 per share (as adjusted from time to time as provided in Section 9, the “Exercise Price”), at any time and from time to time from and after the date hereof and through and including June 6, 2011 (the “Expiration Date”), and subject to the following terms and conditions:
