COMMON STOCK PURCHASE WARRANT To Purchase150,000 Shares of Common Stock of NITCHES, INC.Nitches Inc • January 7th, 2008 • Women's, misses', and juniors outerwear • California
THIS COMMON STOCK PURCHASE WARRANT (the "Warrant") certifies that, for value received, Paula Deen Enterprises, LLC, a Georgia limited liability company and its permitted assignees (the "Holder"), is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time and from time to time, on or after the date hereof (the "Initial Exercise Date") and on or prior to the Termination Date (as hereinafter defined) but not thereafter, to subscribe for and purchase from Nitches, Inc., a California corporation (the "Company"), up to 150,000 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 under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b).
