THE TRANSFERABILITY OF THIS WARRANT IS RESTRICTED AS PROVIDED IN SECTION 3Authentidate Holding Corp • September 29th, 2014 • Services-computer integrated systems design • New Jersey
For good and valuable consideration, the receipt of which is hereby acknowledged by AUTHENTIDATE HOLDING CORP., a Delaware corporation (the “Company”), DRC PARTNERS, LLC (the “Holder”), is hereby granted the right to purchase, at any time from and after the 16th day of March, 2015 (the “Initial Exercise Date”) until 5:00 P.M., New York City time, on September 16, 2016 (the “Warrant Exercise Term”), up to ONE HUNDRED AND FIFTY THOUSAND (150,000) fully-paid and non-assessable shares of the Company’s Common Stock, $.001 par value per share (“Common Stock”) subject to and in accordance with the vesting provisions set forth below in Section 1.1. This Common Stock Purchase Warrant (the “Warrant”) has been issued as of the 16th day of September, 2014 (the “Issue Date”).
September 26, 2014Authentidate Holding Corp • September 29th, 2014 • Services-computer integrated systems design
By your signature below, you agree that Section 9.3(e) of your employment agreement with Authentidate Holding Corp. dated September 30, 2013 (the “Employment Agreement”), is hereby modified so as to extend the time within which Authentidate and you must reach agreement on a renewal of your contract to avoid the automatic termination of your employment, to October 31, 2014. Section 9.3(e) as modified shall read as follows:
