A Warrant to Purchase Common Stock is a document that grants an investor the option
to purchase a certain number of common shares of a company at a certain price. This
document is not perpetual and the option to purchase will expire on the date provided in
the agreement. This document can be used by small businesses or other entities that
want to grant an investor the option to purchase a certain number of shares at a certain
COMMON STOCK WARRANT PURCHASE
THIS COMMON STOCK WARRANT AND ANY COMMON SHARES ACQUIRED UPON
THE EXERCISE OF THIS COMMON STOCK WARRANT HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT
BE TRANSFERRED, SOLD OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO AN
EFFECTIVE REGISTRATION STATEMENT UNDER SAID ACT OR ON OPINION OF
COUNSEL SATISFACTORY TO THE COMPANY THAT REGISTRATION IS NOT
REQUIRED UNDER SAID ACT.
COMMON STOCK PURCHASE WARRANT
THIS COMMON STOCK PURCHASE WARRANT (the “Warrant”), made this ___
day of _________, 20____ (the “Effective Date”), by and between _________________ (the
“Company”) and ______________ (the “Purchaser”) collectively referred to herein as the
“Party” or “Parties”.
WHEREAS The Company, for good and valuable consideration, the receipt and
adequacy of which is hereby acknowledged, hereby certifies that the Purchaser, or its nominee,
may purchase from the Company ___________ (___) common shares (the “Shares”) in the
capital stock of the Company at the price of ___________ dollars ($________) per share, being
____________ dollars ($_________) in the aggregate, (the “Purchase Price”).
A. This Warrant shall be vested as to the number of Shares purchased by the Purchaser on
the date that such vesting event occurs (the “Vesting Date”).
B. On the Vesting Date or immediately thereafter, the Purchaser shall provide written
notice to the Company of such vesting event and the Vesting Date, together with all
applicable documentation evidencing such vesting event.
C. Upon notice being received by the Company of such vesting event or Vesting Date, the
Company shall have _______ (___) days from such notice to object to all or a portion of
the vesting of this Warrant. Where no objection is made by the Company to such vesting
event or Vesting Date shall immediately be deem to be vested.
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D. In the event the Company object to such vesting event or Vesting Date, the Company
and the Purchaser will use all reasonable efforts to resolve the Company’s objection.
Should the Company and the Purchaser not resolve the Company’s objection the
objection shall be referred and resolved by third party, being an accounting firm to
resolve such objection.
2. EXPIRY OF WARRANT
A. This Warrant shall expire on the _____ (___) anniversary date of the Effective Date of
this Agreement (the “Expiry Date”).
B. This Warrant shall only be exercised with respect to the Shares to which this Warrant
3. EXERCISING THE WARRANT
A. The Purchaser may exercise this Warrant in full or in party ___________ [one (1)] year
after the Effective Date of this Agreement or at such other time and date by the Purchaser
surrendering this Warrant to the Company at the Company’s registered head office
address, together with a notice of such intent to surrender this Warrant in the form
contained on Schedule “A” annexed hereto.
B. Upon the Purchaser surrendering this Warrant to the Company and providing the notice
as set out in Section 2A above, the Purchaser shall provide to the Company payment for
the surrender of this Warrant by way of cash, certified check or bank draft in the amount
of the Purchase Price
C. The Purchaser hereby agrees that i