-34-WarrantforaPercentageoftheInternetBusiness互聯(lián)網(wǎng)商務(wù)許可協(xié)議核心提示：THISWARRANTANDTHESHARESOFCOMMONSTOCKOROTHERSECURITIESTHATMAYBEPURCHASABLEHEREUNDERHAVENOTBEENREGISTEREDUNDERTHESECURITIESACTOF1933,ASAMENDED,ORUNDERTHESECURITIESLAWSOFANYSTATEOROTHERJURISDICTIONANDMAYNOTBESTHISWARRANTANDTHESHARESOFCOMMONSTOCKOROTHERSECURITIESTHATMAYBEPURCHASABLEHEREUNDERHAVENOTBEENREGISTEREDUNDERTHESECURITIESACTOF1933,ASAMENDED,ORUNDERTHESECURITIESLAWSOFANYSTATEOROTHERJURISDICTIONANDMAYNOTBESOLDOROTHERWISETRANSFERREDORDISPOSEDOFUNLESSREGISTEREDORQUALIFIEDUNDERSAIDACTANDAPPLICABLESTATESECURITIESLAWSORUNLESSSUCHREGISTRATION,QUALIFICATIONOROTHERSUCHACTIONSARENOTREQUIREDUNDERANYSUCHLAWS.EXCEPTASOTHERWISEPROVIDEDHEREIN,THISWARRANTISNON-TRANSFERABLE.FORVALUERECEIVED,BBBLLC,a_________(PLACENAME)limitedliabilitycompany(BBB,and,togetherwithanysuccessorentity,theCompany),herebycertifiesthatAAA,Inc.,a_________(PLACENAME)corporation(theHolder),isentitled,subjecttotheprovisionsofthisWarrant,topurchasefromtheCompany,(i)inthecaseofaStrategicTransaction,theWarrantPercentageofthefullypaidandnon-assessablesharesofthethenOutstandingSharesofCommonStockimmediatelypriortoconsummationoftheStrategicTransactionbuttakingintoaccounttheexerciseofthisWarrant,or(ii)inthecaseofaSaleTransaction,theWarrantPercentageoftheNetConsiderationreceivedbytheCompanyinsuchSaleTransaction,ineachcase,atapurchasepriceequaltotheExercisePrice(eachsuchtermashereinafterdefined).SECTION1.DEFINITIONS.(a)Thefollowingterms,asusedherein,havethefollowingmeanings:BUSINESSDAYmeansanydayexceptaSaturday,SundayorotherdayonwhichcommercialbanksinTheCityof_________(PLACENAME)areauthorizedbylawtoclose.CLOSINGPRICEonanydaymeans(1)ifthesharesofCommonStockthenarelistedandtradedontheNYSE,Inc.(NYSE),theClosingPriceonsuchdayasreportedontheNYSECompositeTransactionsTape;(2)ifsharesofCommonStockthenarenotlistedandtradedontheNYSE,theClosingPriceonsuchdayasreportedbytheprincipalnationalsecuritiesexchangeonwhichthesharesofCommonStockarelistedandtraded;(3)ifthesharesofCommonStockthenarenotlistedandtradedonanysuchsecuritiesexchange,thelastreportedsalepriceonsuchdayonTheNasdaqStockMarket(NASDAQ);or(4)ifthesharesofCommonStockthenarenottradedonbutarequotedbyNASDAQ,theaverageofthehighestreportedbidandthelowestreportedaskpriceonsuchdayasreportedbyNASDAQ.COMMONSTOCKmeansacommonstock(ortrackingstock,letteredstockorsimilarequitysecurity)oftheCompanyoraSubsidiaryoftheCompanythatprimarilyreflectsorisintendedtoprimarilyreflecttheeconomicperformanceoftheInternetBusinessasitexistsasofthedatesuchstockisfirstissued.COMPANYshallhavethemeaningsetforthinthefirstparagraphhereof.EXERCISEPRICEmeans_________($,_________),asadjustedpursuanttoSections2(b)(ii)and3hereof.EXPIRATIONDATEmeanstheearliestof_________(Time)_________(PLACENAME)Citytimeon(i)the3-yearanniversaryofthedatehereof,(ii)thedateonwhichtheHoldersells,transfers,distributesorotherwisedisposes,otherthanpursuanttoanexchangeoraconversionofMembershipInterestsinamergerorsimilartransactioninvolvingtheCompany,ofatleast50%ofitsMembershipInterests(asdefinedinthatcertainPurchaseAgreement,datedasofthedatehereof),orsuchequityintowhichsuchMembershipInterestsmaybeexchangeableorconvertiblepursuanttoaConversion(asdefinedintheLLCOperatingAgreement)(iii)thetenthdayfollowingconsummationofaStrategicTransaction,and(iv)thetenthdayfollowingconsummationofaSaleTransactionthatinvolvesallorsubstantiallyalloftheCompany’sinterestintheInternetBusinessassuchbusinessexistsasofthedateofsuchSaleTransaction.IntheeventthattheWarrantisexercisedpriortotheExpirationDate,anysubsequentdelayduetorequiredregulatoryapprovalsshallnotaffectthevalidityofsuchexercise.FAIRMARKETVALUEasofanydateofdeterminationmeans,astosharesoftheCommonStock,iftheCommonStockispubliclytradedatsuchtime,theaverageofthedailyClosingPriceofashareofCommonStockfortheten(10)consecutivetradingdaysendingonthemostrecenttradingdaypriortothedateofdetermination.IfthesharesofCommonStockarenotpubliclytradedatsuchtime,theFairMarketValueoftheCommonStockshallbedeterminedingoodfaithbytheBoardofDirectorsoftheCompany.FAIRVALUEasofanydate,shallmean(i)inthecaseofCommonStock,theFairMarketValue,(ii)inthecaseofcash,suchamountofcashand(iii)inthecaseofotherproperty,thefairvalueasdeterminedbytheBoardofDirectorsoftheCompany,actingingoodfaithandbasedupontheadviceofanationallyrecognizedinvestmentbankingfirm.HOLDERshallhavethemeaningsetforthinthefirstparagraphhereof.INTERNETBUSINESSmeanstheMarthaByMailbusiness(bothonlineandoffline),thebusinessofsellingadvertisementsonwebsitesownedbyBBB,andanybusinessesoftheCompanycreatedafterthedatehereofthatderive50%ormoreoftheirrevenuesfortheCompanyfromtransactionsoccurringviawebsitesownedbyBBB,providedthatanysuchbusinessthatcontainsbothonlineandofflinerevenuesmaybedividedintoonlineandofflineportionsinthediscretionoftheBoard,withtheInternetBusinesscontainingtheonlineportions.TheInternetBusinessshallalsoincludeBBB’sinterestinwebsitescontrolledbyBBBwhicharedeterminedbytheBoardofDirectorsasproperlyincludedthereinwhichdeterminationshallbemadeingoodfaithandwithoutregardtotheexistenceofthisWarrant.Fortheavoidanceofdoubt,theInternetBusinessshallnotincludedirectmailandonlinesalesofmagazinesandbooksauthoredorproducedbyoronbehalfofMarthaStewartand/orBBB.TheInternetBusinessshallalsoincludecost-sharing,transferpricingandotherintercompanyarrangementswiththeremainderoftheCompanyasdeterminedtobereasonableandappropriatebytheBoardofDirectors.LLCOPERATINGAGREEMENTshallmeantheFourthAmendedandRestatedLimitedLiabilityCompanyAgreementoftheCompany,asamendedfromtimetotime.NETCONSIDERATIONshall,withrespecttoaparticularSaleTransaction,equaltheFairValueoftheportionoftheconsiderationreceivedbytheCompanyinaSaleTransactionwhichrelatestotheportionoftheInternetBusiness(assuchbusinessexistsasofthedateofsuchSaleTransaction)involvedinsuchSaleTransaction,netoftaxesandtransactionexpenses;provided,however,thattheCompanyshallusereasonableeffortstostructuresuchSaleTransactioninamannerthatistaxefficientfortheCompanyandtheHolder,and,totheextentthattheCompanywillnotincurtaxontheNetConsiderationpayabletotheHolder,suchNetConsiderationshallnotbereducedinrespectofsuchtaxes.IntheeventthattheInternetBusinesshasdebtatthetimeofaSaleTransaction,theBoardofDirectorsshallequitablyadjusttheNetConsiderationtotheextentthatsuchdebtisnotrepaidpriortotheSaleTransaction.OUTSTANDINGSHARESmeans,withrespecttotheCommonStock,thesumoftheoutstandingsharesandthesharesheldintreasuryorotherwiserepresentingtheinterestoftheCompanyanditsSubsidiariesinsuchCommonStock.PERSONmeansanindividual,partnership,corporation,limitedliabilitycompany,trust,jointstockcompany,association,jointventure,oranyotherentityororganization,includingagovernmentorpoliticalsubdivisionoranagencyorinstrumentalitythereof.SALETRANSACTIONmeansasale,dispositionorothertransaction(includingbywayofmerger,shareexchange,stocksale,assetdivestitureorotherwise)engagedinbytheCompanyoritsSubsidiaries,theprimarymotiveofwhich,asdeterminedingoodfaithbytheBoardofDirectorswithouttakingintoaccounttheexistenceofthisWarrant,istomaximizethevalueoftheInternetBusinessasawholeorinpart,itbeingagreedthatanysuchsale,dispositionorothertransactioninwhich65%ormoreoftheconsiderationreceivedbytheCompanyinsuchsale,dispositionorothertransactionisinrespectoftheCompany’sinterestintheInternetBusinessshallbedeemedtobeaSaleTransaction;provided,however,thatinnoeventshallaSaleTransactionbedeemedtoincludeasaleofallorsubstantiallyalloftheCompanyoritsassetsorbusinesses(includingbywayofmerger,reorganization,consolidation,assetsale,shareexchangeorotherwise).TheallocationofconsiderationbetweentheInternetBusinessandotherCompanybusinessesshallbeasdeterminedbytheBoardofDirectors,actingingoodfaithandbasedupontheadviceofanationallyrecognizedinvestmentbankingfirm.STRATEGICTRANSACTIONshallmeantheinitialissuanceofpubliclytradedsharesofCommonStock.SUBSIDIARYmeans,withrespecttoanyPerson,anycorporationorotherentityofwhichamajorityofthecapitalstockorotherownershipinterestshavingordinaryvotingpowertoelectamajorityoftheboardofdirectorsorotherpersonsperformingsimilarfunctionsareatthetimedirectlyorindirectlyownedbysuchPerson.WARRANTPERCENTAGEmeans15%,asthesamemaybeadjustedpursuanttothetermsofthisWarrant.WARRANTSHARESmeansthesharesofCommonStockdeliverableuponexerciseofthisWarrant,asadjustedfromtimetotime.SECTION2.EXERCISEOFWARRANT.(a)StrategicTransaction.InthecaseofaStrategicTransaction,theHolderisentitledtoexercisethisWarrantinwhole(butnotinpart)priortotheExpirationDateor,ifsuchdayisnotaBusinessDay,thenonthenextsucceedingdaythatshallbeaBusinessDay.ToexercisethisWarrant,theHoldershalldelivertotheCompanythisWarrantandaNoticetoExerciseformattachedheretodulyexecutedbytheHolder,togetherwithpaymentoftheExercisePrice.Uponsuchdeliveryandpayment,theHoldershallbedeemed,inthecaseofaStrategicTransaction,tobetheholderofrecordoftheWarrantShares,notwithstandingthatthestocktransferbooksoftheCompanyshallthenbeclosedorthatcertificatesrepresentingsuchsharesshallnotthenbeactuallydeliveredtotheHolder.(b)SaleTransaction.(i)InthecaseofaSaleTransactionwhichinvolvesallorsubstantiallyalloftheInternetBusiness(assuchbusinessexistsatthetimeofsuchSaleTransaction),theHolderisentitledtoexercisethisWarrantinwhole(butnotinpart)priortotheExpirationDateor,ifsuchdayisnotaBusinessDay,thenonthenextsucceedingdaythatshallbeaBusinessDay.ToexercisethisWarrant,theHoldershalldelivertotheCompanythisWarrantandaNoticetoExerciseformattachedheretodulyexecutedbytheHolder,togetherwithpaymentoftheExercisePrice.(ii)InthecaseofaSaleTransactionwhichinvolveslessthanallorsubstantiallyalloftheInternetBusiness(assuchbusinessexistsatthetimeofsuchSaleTransaction),theHolderisentitledtoexercisethisWarrantwithrespecttoall(butnotlessthanall)oftheSaleTransactionwithinten(10)daysoftheoccurrenceoftheSaleTransactionbutinnoeventlaterthantheExpirationDateor,ifsuchdayisnotaBusinessDay,thenonthenextsucceedingdaythatshallbeaBusinessDay.ToexercisethisWarrant,theHoldershalldelivertotheCompanythisWarrantandaNoticetoExerciseformattachedheretodulyexecutedbytheHolder,togetherwithpaymentoftheExercisePriceasdeterminedinaccordancewiththefollowingsentence.TheExercisePricefortheWarrantinconnectionwiththeSaleTransactiondescribedinthisparagraph(b)(ii)shallbedeterminedbymultiplyingthethen-currentExercisePricebyafraction,thenumeratorofwhichistheFairValueoftheportionoftheInternetBusiness(assuchbusinessexistsatthetimeofsuchSaleTransaction)includedinsuchSaleTransaction,andthedenominatorofwhichistheFairValueoftheInternetBusinessimmediatelypriortosuchSaleTransactionandwithouttakingtheprospectofsuchSaleTransactionintoaccount.IntheeventthatHolderexercisesthisWarrantinaSaleTransactionpursuanttothisparagraph(ii),theWarrantshallcontinueineffectwithrespecttotheCompany’sremaininginterestintheInternetBusiness(assuchbusinessexistsatthetimeofsuchSaleTransaction),andimmediatelyfollowingsuchexercise(ortheHolder’selectionnottosoexercise),theExercisePricewithrespecttotheremainingWarrantshallbereducedbytheExercisePricepaid(orthatwouldhavebeenpaid)bytheHolderinrespectofsuchSaleTransaction.(c)AttheoptionoftheHolder,theExercisePricemaybepaidincash(includingbywiretransferofimmediatelyavailablefunds),bycertifiedorofficialbankcheckorbankcashier’scheckpayabletotheorderoftheCompany,or,intheeventofanexercisefollowingaStrategicTransaction,infully-paidandnon-assessableshares(orthesurrenderbytheHolderoftherighttoreceivesuchnumberofshares)ofCommonStockvaluedattheinitialpublicofferingpriceofsuchCommonStockorbyanycombinationoftheforegoing.TheCompanyshallpayanyandalldocumentary,orsimilarissueortransfertaxespayableinrespectoftheissueordeliveryoftheWarrantShares.TheCompanyshallnotberequiredtopayanytransfertaxwhichmaybepayableinrespectofanytransferinvolvedintheissueordeliveryofWarrantShares(orothersecuritiesorassets)inanameotherthanthatinwhichtheWarrantsoexercisedwasregistered,andnosuchissueordeliveryshallbemadeunlessanduntilthepersonrequestingsuchissuehaspaidtotheCompanytheamountofsuchtransfertaxorhasestablished,tothesatisfactionoftheCompany,thatsuchtransfertaxhasbeenpaid.(d)UponsurrenderofthisWarrantinconformitywiththeforegoingprovisions,theCompanyshall,subjecttotheexpirationofanyapplicablewaitingperiodundertheHart-Scott-RodinoAntitrustImprovementsActof1976,asamended,transfertotheHolderofthisWarrantappropriateevidenceofownershipofthesharesofCommonStockorothersecuritiesorproperty(includinganymoney)towhichtheHolderisentitled,registeredorotherwiseplacedin,orpayabletotheorderof,thenameornamesoftheHolderorsuchtransfereeasmaybedirectedinwritingbytheHolder,andshalldeliversuchevidenceofownershipandanyothersecuritiesorproperty(includinganymoney)tothePersonorPersonsentitledtoreceivethesame,togetherwithanamountincashinlieuofanyfractionofashareasprovidedinSection8,subjecttoanyrequiredwithholding.SECTION3.ADJUSTMENTTOWARRANTPERCENTAGEOREXERCISEPRICE.Ifatanytimeafterthedatehereof,theCompanyengagesinatransactionpursuanttowhichitacquiresaninterestin(whetherbyacquisition,merger,assetpurchaseorotherwise)abusinessorassetsthatisintendedto,anddoes,becomepartoftheInternetBusiness,HoldershallhavetheoptionofeitheradjustingtheWarrantPercentageortheExercisePriceasfollows:(a)AdjustmentofWarrantPercentage.TheWarrantPercentageshallbeadjustedbymultiplyingthethen-currentWarrantPercentagebyafraction,thenumeratorofwhichistheFairValueoftheInternetBusinessimmediatelypriortosuchtransaction,andthedenominatorofwhichisthesumofsuchFairValueplustheFairValueoftheconsiderationpaidorissued(anddebtassumedwhichisnotretainedbytheInternetBusiness)bytheCompanyinsuchtransaction.(b)AdjustmentofExercisePrice.TheExercisePriceshallbeadjustedbyaddingtothethen-currentExercisePricetheproductoftheWarrantPercentageatsuchtimeandtheFairValueoftheconsiderationpaidorissued(anddebtassumedwhichisnotretainedbytheInternetBusiness)bytheCompanyinsuchtransaction.(c)IntheeventthatatransactiondescribedinthisSection3includesbothabusinesstobeincludedintheInternetBusinessandbusinessesthatwillberetainedbytheCompanyoutsideoftheInternetBusiness,theBoardshallapportiontheconsiderationinthetransactiononafairandequitablebasis,actingingoodfaithandbasedupontheadviceofanationallyrecognizedinvestmentbankingfirm.PromptlyfollowingconsummationofatransactiongivingrisetoanadjustmentintheWarrantPercentageorExercisePricepursuanttothisSection3,theCompanyshallprovidetheHolderwithwrittennoticethereof,whichnoticeshallalsoinclude(i)therevisedWarrantPercentageascalculatedpursuanttoparagraph(a)above,(ii)therevisedExercisePriceascalculatedpursuanttoparagraph(b)above,(iii)thebasisonwhichsuchadjustmentswerecalculatedand(iv)adescriptionofthebusinessacquiredandcopiesofinformationprovidedtotheBoardofDirectorsinconnectionwithitsapprovalofthetransaction.Holdershall,within10daysofreceiptofsuchnotice,notifytheCompanyinwritingofitselectiontoadjusteithertheWarrantPercentageortheExercisePrice.IftheCompanyhasnotreceivedwrittennoticeofHolder’selectionwithinsuch10-dayperiod,HoldershallbedeemedtohaveelectedtoadjusttheWarrantPercentage.SECTION4.CERTAINNON-DILUTIONOFWARRANTSHARES.ThepercentageofCommonStockownedbyHolderuponexerciseofthisWarrantshallnotbedilutedbyoptionsontheCommonStockgrantedpriortotheinitialpublicofferingoftheCommonStockto(ortheexercisethereofby)employeesrepresentingamaximumof10%oftheCommonStockimmediatelypriortosuchoffering,provided,thatoptionsinexcessofthatamountshallbedilutiveonaproratabasis.SECTION5.ASSUMPTIONOFWARRANTBYSUBSIDIARY.TheCompanyandHolderherebyagreethatintheeventthattheCommonStockissuedinaStrategicTransactionisCommonStockofaSubsidiaryoftheCompany,suchSubsidiaryshallassumealloftheCompany’srightsandobligationshereunder.SECTION6.REGISTEREDSHARESANDRESTRICTIVELEGEND;REGISTRATIONRIGHTS.(a)EachcertificaterepresentingsharesofCommonStockissuedpursuanttothisWarrant,unlessatthetimeofexercisesuchsharesareregisteredundertheSecuritiesAct,shallbearalegendsubstantiallyintheformofthelegendsetforthonthefirstpageofthisWarrant.TheCompanyherebyagreestouseitsreasonablebesteffortstocauseallsharesofCommonStockissuedpursuanttothisWarranttobepromptlyregisteredundertheSecuritiesAct.IntheeventthatCompanyisunabletosoregistersuchsharesofCommonStock,Holdershallbeentitledtocustomaryregistrationrightswithrespecttosuchshares.(b)InconnectionwiththeissuanceofsharesofCommonStocktotheHolderpursuanttothisWarrant,theCompanyshallprovidetheHolderwithcustomaryregistrationrightswithrespecttosuchshares,consistentwiththetermsofthepost-IPOregistrationrightsgrantedtotheHolderinconnectionwithitsinvestmentinBBB.SECTION7.RESERVATIONOFSHARES.TheCompanyherebyrepresentsandagreesthatallsharesofCommonStockissuedpursuanttothisWarrantshallbedulyauthorizedand,whenissueduponsuchexercise,shallbevalidlyissued,fullypaidandnon-assessable,freeandclearofallliens,securityinterests,chargesandotherencumbrancesorrestrictionsonsaleimposedbytheCompanyandfreeandclearofallpreemptiveorsimilarrights,excepttotheextentimposedbyorasaresultofthestatus,actoromissionof,theHolder.SECTION8.FRACTIONALSHARES.NofractionalsharesorscriprepresentingfractionalsharesshallbeissuedupontheexerciseofthisWarrantandinlieuofdeliveryofanysuchfractionalshareuponanyexercisehereof,theCompanyshallpaytotheHolderanamountincashequaltosuchfractionmultipliedbytheFairMarketValuethereof.SECTION9.TRANSFER,EXCHANGEORASSIGNMENTOFWARRANTANDSHARES.(a)TheHolderbytakingorholdingthisWarrant,consentsandagreesthattheregisteredholderhereofmaybetreatedbytheCompanyandallotherpersonsdealingwiththisWarrantastheabsoluteownerhereofforanypurposeandasthepersonentitledtoexercisetherightsrepresentedhereby.(b)ThisWarrantisnottransferableorassignable(byoperationoflaworotherwise)bytheHolderwithoutthepriorwrittenconsentoftheCompany.IntheeventHolderreceivessharesofCommonStockuponexerciseofthisWarrant,Holdershallnot,onorpriortotheone-yearanniversaryofthedateitreceivessuchshares,sell,transfer,distributeorotherwisedisposeofanysuchsharesofCommonStock,oranyrightswithrespectthereto(aTransfer),provided,however,that,followingthesix-monthanniversaryofsuchdate,Holdermaydistributeupto50%ofsuchsharestothelimitedpartnersorotherfundparticipantsintherelevantKleinerPerkinsCaufieldByersfund.TheforegoinglimitationshallnotapplytoanyTransferapprovedbytheBBBBoardofDirectors,includingaTransferpursuanttoacorporatetransactionrelatingtoBBBapprovedbytheBBBBoardofDirectors.(c)UponreceiptbytheCompanyofevidencesatisfactorytoit(intheexerciseofitsreasonablediscretion)oftheloss,theft,destructionormutilationofthisWarrant,and(inthecaseofloss,theftordestruction)ofindemnificationorsecurityreasonablyrequiredbytheCompany,anduponsurrenderandcancellationofthisWarrant,ifmutilated,theCompanyshallexecuteanddeliveranewWarrantofliketenoranddate.(d)TheCompanyshallpayallexpenses,taxes(otherthantransfertaxes)andotherchargespayableinconnectionwiththepreparation,issuanceanddeliveryoftheWarranthereunder.(e)ThisWarrantshallbebindingonanysuccessororparententityoftheCompany,whetherbymerger,sale,reorganizationorsimilartransaction.SECTION10.NOIMPAIRMENT.SolongasthisWarrantisoutstanding,theCompanywillnot,byamendmentofitsLLCOperatingAgreementorthroughanyreorganization,transferofassets,consolidation,merger,dissolution,issueorsaleofsecuritiesoranyothervoluntaryaction,avoidorseektoavoidtheobservanceorperformanceofanyofthetermstobeobservedorperformedhereunderbytheCompany,butwillatalltimesingoodfaithassistinthecarryingoutofalltheprovisionsofthisSection10andinthetakingofallsuchactionasmaybenecessaryorappropriateinordertoprotecttherightsoftheHolderagainstimpairment.SECTION11.NOTICES.Anynotice,demandordeliveryauthorizedbythisWarrantshallbeinwritingandshallbegiventotheHolderortotheCompany,asthecasemaybe,atitsaddress(orfacsimilenumber)setforthbelow,orsuchotheraddress(orfacsimilenumber)asshallhavebeenfurnishedtothepartygivingormakingsuchnotice,demandordelivery:IftotheCompany:BBBLLCAddress:_________FaxNo.:_________Attention:_________withacopyto:Addressee:_________Address:_________FaxNo.:_________Attention:_________IftotheHolder:Addressee:_________Address:_________FaxNo.:_________Attention:_________withacopyto:Addressee:_________Address:_________FaxNo.:_________Attention:_________Eachsuchnotice,demandordeliveryshallbeeffective(i)ifgivenbytelecopy,whensuchtelecopyistransmittedtothetelecopynumberspecifiedhereinandtheintendedrecipientconfirmsthereceiptofsuchtelecopy,or(ii)ifgivenbyanyothermeans,whenreceivedattheaddressspecifiedherein.SECTION12.RIGHTSOFTHEHOLDER.PriortotheexerciseofthisWarrantforsharesofCommonStock,ifavailable,theHoldershallnot,byvirtuehereof,beentitledtoanyrightsofashareholderoftheCompany,including,withoutlimitation,therighttovote,toreceivedividendsorotherdistributions,toexerciseanypreemptiverightortoreceiveanynoticeofmeetingsofshareholdersoranynoticeofanyproceedingsoftheCompanyexceptasmaybespecificallyprovidedforherein.SECTION13.GOVERNINGLAW.THISWARRANTANDALLRIGHTSARISINGHEREUNDERSHALLBECONSTRUEDANDDETERMINEDINACCORDANCEWITHTHEINTERNALLAWSOFTHESTATEOF_________(PLACENAME),ANDTHEPERFORMANCETHEREOFSHALLBEGOVERNEDANDENFORCEDINACCORDANCEWITHSUCHLAWS.SECTION14.AMENDMENTS;WAIVERS.AnyprovisionofthisWarrantmaybeamendedorwaivedif,andonlyif,suchamendmentorwaiverisinwritingandsigned,inthecaseofanamendment,bytheHolderandtheCompany,orinthecaseofawaiver,bythepartyagainstwhomthewaiveristobeeffective.Nofailureordelaybyeitherpartyinexercisinganyright,powerorprivilegehereundershalloperateasawaiverthereofnorshallanysingleorpartialexercisethereofprecludeanyotherorfurtherexercisethereofortheexerciseofanyotherright,powerorprivilege.SECTION15.INTERPRETATION.WhenareferenceismadeinthisWarranttoaSectionsuchreferenceshallbetoaSectionofthisWarrantunlessotherwiseindicated.Wheneverthewordsinclude,includesorincludingareusedinthisWarrant,theyshallbedeemedtobefollowedbythewordswithoutlimitation.Thewordshereof,hereinandhereunderandwordsofsimilarimportwhenusedinthisWarrantshallrefertothisWarrantasawholeandnottoanyparticularprovisionofthisWarrant.ThedefinitionscontainedinthisWarrantareapplicabletothesingularaswellasthepluralformsofsuchtermsandtothemasculineaswellastothefeminineandneutergendersofsuchterm.Referencestoapersonarealsotoitspermittedsuccessorsandassignsand,inthecaseofanindividual,tohisheirsandestate,asapplicable.INWITNESSWHEREOF,theCompanyhasdulycausedthisWarranttobesignedbyitsdulyauthorizedofficerandtobedatedasofthedatefirstabovewritten.BBBLLCATTEST:By:/S/_________By:/S/_________Name:_________Name:_________Title:_________Title:_________ACKNOWLEDGEDANDAGREED:AAA,INC.,ASNOMINEEBy:/S/_________Name:_________Title:_________FORMOFNOTICEOFEXERCISETo:BBBLLCSECTION1.TheundersignedherebyelectstoexercisetheattachedWarrantpursuanttothetermsoftheattachedWarr