SALEEN AUTOMOTIVE, INC. COMMON STOCK PURCHASE WARRANTCommon Stock Purchase • October 15th, 2013 • Saleen Automotive, INC. • Motor vehicles & passenger car bodies • Nevada
This COMMON STOCK PURCHASE WARRANT certifies that Ascendiant Capital Markets, LLC, having an address at 18881 Von Karman Avenue, 16th Floor, Irvine, California 92612, or permitted assignees is the registered holder (the “Holder”) of this Common Stock Purchase Warrant (the “Warrant”) to purchase shares of the common stock, par value $0.001 per share (the “Common Stock”), of Saleen Automotive, Inc., a Nevada corporation (the “Company”).
September 27, 2013 (Sent via Electronic Mail) Mr. Steve Saleen, Chief Executive Officer Saleen Automotive, Inc. Corona, CA 92882 Dear Mr. Saleen,Letter Agreement • October 15th, 2013 • Saleen Automotive, INC. • Motor vehicles & passenger car bodies • California
This letter agreement (the “Agreement”) confirms that Saleen Automotive, Inc. and its subsidiaries (“Client”) has engaged Ascendiant Capital Markets, LLC ("Ascendiant") to act as its exclusive advisor to provide corporate finance and investment banking related advice in connection with a possible Transaction involving the Client, including, but not limited to, identifying potential third party Transaction partners acceptable to the Client (“Transaction Candidates” or “Candidates”), coordinating visits by and communication with such Transaction Candidates, performing financial analysis with respect to potential Transactions, and assisting the Client in structuring, planning and negotiating the terms of a potential Transaction (the “Engagement”).
