STRATEGIC PARTNER WARRANT Basanite, inc.Basanite, Inc. • December 13th, 2021 • Services-advertising • Nevada
THIS STRATEGIC PARTNER WARRANT (the “Warrant”) certifies that, for value received, U.S. Supplies, Inc., a Florida corporation, or its assigns as permitted hereunder (the “Holder”) is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the Initial Exercise Date (as defined above) and on or prior to 5:00 p.m. (New York City time) on December 10, 2026 (the “Termination Date”), but not thereafter, to subscribe for and purchase from Basanite, Inc., a Nevada corporation (the “Company”), up to Forty Million (40,000,000) shares (as subject to adjustment hereunder, the “Warrant Shares”) of restricted common stock, par value $0.001 per share, of the Company (the “Common Stock”), subject to vesting of this Warrant as provided for in Section 1(b). 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). This Warrant shall initially be issued
Basanite, Inc.Basanite, Inc. • December 13th, 2021 • Services-advertising • Nevada
Basanite, Inc., a Nevada corporation (the “Company”), is pleased to offer you a director position on the Company’s Board of Directors (the “Board”), subject to the terms and conditions of this letter agreement (this “Agreement”).
