HYPERSPACE COMMUNICATIONS, INC. COMMON STOCK PURCHASE WARRANT Right to Purchase ________ Shares of Common StockCommon Stock Purchase Warrant • December 15th, 2006 • HyperSpace Communications, Inc. • Services-prepackaged software • New York
THIS CERTIFIES THAT, for value received, _________________ (the “Holder”), is entitled, upon the terms and subject to the conditions hereinafter set forth, at any time after the Company has obtained shareholder approval to increase the number of shares of the Company's authorized no par value common stock (the "Common Stock") to 100,000,000 shares (the “Initial Exercise Date”) and ending at 5:00 p.m. Eastern Time on ____________________ (the “Termination Date”), to subscribe for and purchase from Hyperspace Communications, Inc., (the “Company”), up to _______________________ fully paid and nonassessable shares (the “Warrant Shares”) of the Company’s Common Stock, at an exercise price initially equal to $_________________ per share (the “Exercise Price”). The Exercise Price and the number of shares for which this Warrant is exercisable shall be subject to adjustment as provided herein.
