EXHIBIT 4.9.3
FORM OF CLASS B WARRANT
AGREEMENT
NEITHER THIS
WARRANT NOR THE SECURITIES ISSUABLE UPON EXERCISE HEREOF HAVE BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR UNDER
ANY STATE SECURITIES LAWS AND MAY NOT BE TRANSFERRED IN VIOLATION
OF SUCH ACT OR LAWS, THE RULES AND REGULATIONS THEREUNDER AND THE
PROVISIONS OF THIS WARRANT.
WARRANT TO PURCHASE
SHARES
OF COMMON STOCK OF
HYBRID DYNAMICS
CORPORATION
Issued to
______________________________________
Name of Warrant Holder
______________________________________
Date
______________________________________
Number of Shares
Warrant No.
#B-2009-[____]
HYBRID DYNAMICS
CORPORATION
(Incorporated under the laws of the
State of Nevada)
This certifies
that (the "Warrant Holder") is the owner of a Warrant, subject to
adjustment as provided in Section 3 hereof, which entitles the
owner thereof to purchase, in whole or in part, and from time to
time, as provided in Section 1 hereof, fully paid and nonassessable
shares of the common stock, $.00015 par value (the "Common Stock")
of HYBRID DYNAMICS CORPORATION, a Nevada corporation (the
"Company"), at the purchase price of $5.00 per share (the "Purchase
Price"), subject to adjustment as provided in Section 3 hereof,
payable in lawful money of the United States of America upon
surrender of this Warrant at the principal office of the Company
(currently 52-66 Iowa Avenue, Paterson, NJ 07503) or at such other
place as the Company may designate by written notice to the Warrant
Holder. On the date hereof, the Warrant Holder paid the Company an
aggregate price of $100 in consideration for the
Warrant.
1. Exercise.
1.1. The
Warrant evidenced hereby is immediately exercisable as to the
number of shares of Common Stock as set forth above and shall
terminate at 5:00 p.m., New York time, on June 30, 2014; provided,
however, that in no event may any fractional share of the Common
Stock be issued.
1.2. Upon
any exercise of the Warrant evidenced hereby, the form of election
to purchase set forth as Exhibit A hereto shall be properly
completed, executed, and delivered to the Company,
together with a
certified check or wire transfer in full payment to the Company of
the Purchase Price for the shares as to which the Warrant is
exercised. In the event that there is only a partial
exercise of the Warrant evidenced hereby, there shall be issued to
the Warrant Holder a new Warrant Certificate, in all respects
similar to this Warrant Certificate, evidencing the number of
shares of the Common Stock still available for exercise.
1.3. As
soon as practicable after the warrant exercise and upon the receipt
of full payment and properly completed documentation, but in any
event within five (5) business days from the date of such receipt,
the Company, at its sole cost and expense (including the payment of
any applicable issuance taxes) shall then cause the Transfer Agent
for the Common Stock to issue and deliver certificates evidencing
fully paid and nonassessable shares of the Common Stock in the
amounts and in such names as are represented by the
exercise.
1.4. If
this Warrant shall be surrendered upon exercise within any period
during which the transfer books for the Common Stock are closed for
any purpose, the Company shall not be required to make delivery of
certificates for shares of the Common Stock until the date of the
reopening of said transfer books.
2. Expiration
Date.
The Warrant
evidenced hereby may not be exercised after the expiration date set
forth in Section 1 hereof with respect to the shares of the Common
Stock as to which the Warrant may be exercised and, to the extent
any such shares are not exercised by such expiration date, the
Warrant evidenced hereby shall become void.
3. When
Exercise Effective.
Each exercise
of this Warrant shall be deemed to have been effected immediately
prior to the close of business on the Business Day on which this
Warrant shall have been surrendered to the Company as provided in
Section 1.1. At such time, the person or persons in whose name or
names any certificate or certificates for shares of Common Stock
shall be issuable upon such exercise as provided in Section 1.3
shall be deemed to have become the stockholder(s) of record
thereof.
4. Representations
of Warrant Holder.
The Warrant
Holder represents, warrants and acknowledges to the Company
that:
(a) it
is an accredited investor within the meaning of Regulation D
promulgated under the Securities Act of 1933;
(b)
it has been furnished with and has carefully read all
documents that the Holder has deemed necessary in connection with
its investment in the Warrant and is aware of the merits and risks
of an investment in the Warrant to be purchased by it and, due to
its knowledge and experience in financial and business matters, is
capable of evaluating the merits and risks of such
investment;
(c)
it has been given the opportunity to ask
questions of, and receive answers from, the Company (including its
authorized representatives) concerning the terms and conditions of
the Warrant to be purchased by it and other matters pertaining to
an investment in the Warrant, in order for the Warrant holder to
evaluate the merits and risks of an investment in the Warrant to
be
purchased by it
to the extent the Company possesses such information or can acquire
it without unreasonable effort or expense;
(d)
it is aware this Warrant has not been registered under the
Securities Act, or any state securities or blue sky laws and,
therefore, the Warrant cannot be resold unless it is registered
under such laws or unless an exemption from registration thereunder
is available;
(e)
it is purchasing the Warrant for its own
account for investment, and not with a view to, or for resale in
connection with the distribution thereof, and has no present
intention of distributing or reselling the Warrant; and
(f)
in making the foregoing representations, it is aware
that it must bear, and is able to bear, the economic risk of such
investment for an indefinite period of time.
5. Representations
of the Company.
The Company
represents, warrants and acknowledges to the Warrant Holder
that:
(a) it
is a corporation duly formed and validly existing in the State of
Nevada;
(b) the
Company will at all times reserve and keep available, solely for
issuance and delivery upon the exercise of the Warrants, the number
of shares of common stock from time to time issuable upon the
exercise of all Warrants at the time outstanding. All such
securities shall be duly authorized and, when issued upon such
exercise, shall be validly issued and, in the case of shares, fully
paid and non-assessable with no liability on the part of the
holders thereof.
(c) this
Warrant has been duly authorized and approved by all requisite
action of the Company, and constitutes a valid and binding
agreement of the Company; and
(d) when
issued in accordance with the terms of this Warrant, the shares of
Common Stock covered by this Warrant will be duly authorized and
validly issued, fully paid and non-assessable.
Unless
otherwise provided, this Section 6 shall have full force and effect
until the expiration of the Warrants. Subject to the
provisions of this Section 6, the Purchase Price and the shares of
the Common Stock as to which the Warrant may be exercised shall be
subject to adjustments from time to time as hereinafter set
forth:
(a) In
the case if Company at any time for from time to time conduct a
capital reorganization, declare a dividend, or make a distribution,
on the outstanding shares of common stock in shares of common stock
or subdivide or reclassify the outstanding shares of common
stock