SG BLOCKS, INC. WARRANTSg Blocks, Inc. • March 30th, 2012 • Wholesale-lumber & other construction materials
This Warrant: (a) is being issued pursuant to that certain Merger Agreement and Plan of Reorganization, dated July 27, 2011, by and among the Company (formerly CDSI Holdings Inc.), CDSI Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of the Company (“Merger Sub”), SG Building Blocks, Inc. (formerly SG Blocks, Inc. and the survivor of a merger with Merger Sub) (“SG Building”), and certain stockholders of SG Building; (b) replaces and supersedes in their entirety two warrants issued by the SG Building to Holder , with the first issued on October 29, 2010 for 38,250 shares of SG Building common stock, and the second issued on December 23, 2010 for 13,500 shares of SG Building common stock (the “Prior Warrants”); and (c) that the Prior Warrants have no further force and effect.
