Exhibit 10.3

 
NEITHER THIS WARRANT NOR THE SHARES OF COMMON STOCK ISSUABLE UPON EXERCISE
HEREOF HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY
APPLICABLE STATE SECURITIES LAW AND NEITHER MAY BE SOLD OR OTHERWISE TRANSFERRED
UNTIL (I) A REGISTRATION STATEMENT UNDER SUCH SECURITIES ACT AND SUCH APPLICABLE
STATE SECURITIES LAWS SHALL HAVE BECOME EFFECTIVE WITH REGARD THERETO, OR
(II) THE COMPANY SHALL HAVE RECEIVED A WRITTEN OPINION OF COUNSEL ACCEPTABLE TO
THE COMPANY TO THE EFFECT THAT REGISTRATION UNDER SUCH SECURITIES ACT AND SUCH
APPLICABLE STATE SECURITIES LAWS IS NOT REQUIRED IN CONNECTION WITH SUCH
PROPOSED TRANSFER.
 
KESSELRING HOLDING CORPORATION
 
WARRANT
 
Original Issue Date: September 15, 2009
 
THIS CERTIFIES THAT, FOR VALUE RECEIVED, __________ or its registered assigns
(“Holder”) is entitled to purchase, on the terms and conditions hereinafter set
forth, at any time or from time to time from the date hereof until 5:00 p.m.,
Eastern Time, on the 10th anniversary of the Original Issue Date set forth
above, or if such date is not a day on which the Company (as hereinafter
defined) is open for business, then the next succeeding day on which the Company
is open for business (such date is the “Expiration Date”), but not thereafter,
to purchase an amount of shares of the Common Stock, par value $0.0001 (the
“Common Stock”), of Kesselring Holding Corporation, a Delaware corporation (the
“Company”), equal to ________ (________) shares of Common Stock of the Company
at the time (and after giving effect to) the exercise of the Warrant for an
aggregate price equal to one cent ($0.01) per share (the “Exercise Price”) for
all of the Warrant Shares as defined below.  Each share of Common Stock as to
which this Warrant is exercisable is a “Warrant Share” and all such shares are
collectively referred to as the “Warrant Shares.”
 
Section 1.                      Exercise of Warrant; Conversion of Warrant. 
 
(a)           This Warrant may, at the option of Holder, be exercised in whole
or in part (but not less than 10,000 warrants per exercise) from time to time by
delivery to the Company at its principal office, Attention: President, on or
before 5:00 p.m., Eastern Time, on the Expiration Date, (i) a written notice of
such Holder's election to exercise this Warrant (the “Exercise Notice”), which
notice may be in the form of the Notice of Exercise attached hereto, properly
executed and completed by Holder or an authorized officer thereof, (ii) a wire
transfer or check payable to the order of the Company, in an amount equal to the
Exercise Price or Ten Thousand Dollars ($10,000), and (iii) this Warrant (the
items specified in (i), (ii), and (iii) are collectively the “Exercise
Materials”).  If the Warrant is exercised in part, then the Exercise Price shall
be reduced on a pro rata basis.
 
(b)           As promptly as practicable, and in any event within two (2)
business days after its receipt of the Exercise Materials, Company shall execute
or cause to be executed and delivered to Holder a certificate or certificates
representing the number of Warrant Shares specified in the Exercise Notice and
if this Warrant is partially exercised, a new warrant certificate on the same
terms for the unexercised balance of the Warrant Shares.  The stock certificate
or certificates shall be registered in the name of Holder.  The date on which
the Warrant shall be deemed to have been exercised (the “Effective Date”), and
the date the Holder’s name on any certificate evidencing the Common Stock issued
upon the exercise hereof shall be deemed to have become the holder of record of
such shares, shall be the date the Company receives the Exercise Materials,
irrespective of the date of delivery of a certificate or certificates evidencing
the Common Stock issued upon the exercise or conversion hereof, provided,
however, that if the Exercise Materials are received by the Company on a date on
which the stock transfer books of the Company are closed, the Effective Date
shall be the next succeeding date on which the stock transfer books are open.
 All shares of Common Stock issued upon the exercise or conversion of this
Warrant will, upon issuance, be fully paid and nonassessable and free from all
taxes, liens, and charges with respect thereto.
 
 
 
 

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Section 2.                      No Stockholder Rights or Liabilities.
 
This Warrant shall not entitle Holder hereof to any voting rights or other
rights or liabilities as a stockholder of the Company.
 
Section 3.                      Transfer of Securities.
 
(a)           This Warrant and the Warrant Shares and any shares of capital
stock received in respect thereof, whether by reason of a stock split or share
reclassification thereof, a stock dividend thereon, or otherwise, shall only be
transferable upon compliance with the provisions of the Securities Act of 1933,
as amended (the “Securities Act”) and applicable state securities laws with
respect to the transfer of such securities. 
 
(b)           Each certificate for the Warrant Shares and any shares of capital
stock received in respect thereof, whether by reason of a stock split or share
reclassification thereof, a stock dividend thereon or otherwise, and each
certificate for any such securities issued to subsequent transferees of any such
certificate shall (unless otherwise permitted by the provisions hereof) be
stamped or otherwise imprinted with a legend in substantially the following
form:
 
“NEITHER THIS WARRANT NOR THE SHARES OF COMMON STOCK ISSUABLE UPON EXERCISE
HEREOF HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY
APPLICABLE STATE SECURITIES LAW AND NEITHER MAY BE SOLD OR OTHERWISE TRANSFERRED
UNTIL (I) A REGISTRATION STATEMENT UNDER SUCH SECURITIES ACT AND SUCH APPLICABLE
STATE SECURITIES LAWS SHALL HAVE BECOME EFFECTIVE WITH REGARD THERETO, OR
(II) THE COMPANY SHALL HAVE RECEIVED A WRITTEN OPINION OF COUNSEL ACCEPTABLE TO
THE COMPANY TO THE EFFECT THAT REGISTRATION UNDER SUCH SECURITIES ACT AND SUCH
APPLICABLE STATE SECURITIES LAWS IS NOT REQUIRED IN CONNECTION WITH SUCH
PROPOSED TRANSFER.”
 
Section 4.                      Adjustment

If the Company at any time on or after the Original Issue Date subdivides (by
any stock split, stock dividend, recapitalization or otherwise) one or more
classes of its outstanding shares of Common Stock into a greater number of
shares, the Exercise Price in effect immediately prior to such subdivision will
be proportionately reduced and the number of Warrant Shares will be
proportionately increased.  If the Company at any time on or after the Original
Issue Date combines (by combination, reverse stock split or otherwise) one or
more classes of its outstanding shares of Common Stock into a smaller number of
shares, the Exercise Price in effect immediately prior to such combination will
be proportionately increased and the number of Warrant Shares will be
proportionately decreased.  Any adjustment under this Section 4 shall become
effective at the close of business on the date the subdivision or combination
becomes effective.
 
Section 5.  Miscellaneous. 
 
(a)           The terms of this Warrant shall be binding upon and shall inure to
the benefit of any successors or permitted assigns of the Company and Holder.
 
 
 
 

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(b)           Except as otherwise provided herein, this Warrant and all rights
hereunder are transferable by the registered holder hereof in person or by duly
authorized attorney on the books of the Company, only upon the written consent
of the Company, which consent shall not be unreasonably withheld, upon surrender
of this Warrant, properly endorsed, to the Company.  The Company may deem and
treat the registered holder of this Warrant at any time as the absolute owner
hereof for all purposes and shall not be affected by any notice to the contrary.
 
(c)           This Warrant may be divided into separate warrants covering not
less than 10,000 shares of Common Stock or any whole multiple thereof, for the
total number of shares of Common Stock then subject to this Warrant at any time,
or from time to time, upon the request of the registered holder of this Warrant
and the surrender of the same to the Company for such purpose.  Such subdivided
Warrants shall be issued promptly by the Company following any such request and
shall be of the same form and tenor as this Warrant, except for any requested
change in the name of the registered holder stated herein.
 
(d)           Any notices, consents, waivers, or other communications required
or permitted to be given under the terms of this Warrant must be in writing and
will be deemed to have been delivered (a) upon receipt, when delivered
personally, (b) upon receipt, when sent by facsimile, provided a copy is mailed
by U.S. certified mail, return receipt requested, (c) three (3) days after being
sent by U.S. certified mail, return receipt requested, or (d) one (1) day after
deposit with a nationally recognized overnight delivery service, in each case
properly addressed to the party to receive the same.
 
If to Holder, to the registered address of Holder appearing on the books of the
Company, or, in the case of the Company, at the principal offices of the
Company.  Each party shall provide five (5) days prior written notice to the
other party of any change in address, which change shall not be effective until
actual receipt thereof
 
(e)           All questions concerning the construction, validity, enforcement
and interpretation of the this Warrant shall be governed by and construed and
enforced in accordance with the internal laws of the State of Florida, without
regard to the principles of conflicts of law thereof.  Each party agrees that
all legal proceedings concerning the validity, interpretations and enforcement
of this Warrant (whether brought against a party hereto or its respective
affiliates, directors, officers, shareholders, employees or agents) shall be
commenced exclusively in the state and federal courts sitting in the City of
Tampa, Florida.  Each party hereby irrevocably submits to the exclusive
jurisdiction of the state and federal courts sitting in the City of Tampa,
Florida for the adjudication of any dispute hereunder (including with respect to
the enforcement of this Warrant), and hereby irrevocably waives, and agrees not
to assert in any suit, action or proceeding, any claim that it is not personally
subject to the jurisdiction of any such court, that such suit, action or
proceeding is improper or inconvenient venue for such proceeding.  Each party
hereby irrevocably waives personal service of process and consents to process
being served in any such suit, action or proceeding by mailing a copy thereof
via registered or certified mail or overnight delivery (with evidence of
delivery) to such party at the address in effect pursuant to paragraph (e) above
and agrees that such service shall constitute good and sufficient service of
process and notice thereof.  Nothing contained herein shall be deemed to limit
in any way any right to serve process in any manner permitted by law.  The
parties hereby waive all rights to a trial by jury.  If either party shall
commence an action or proceeding to enforce any provisions of this Warrant, then
the prevailing party in such action or proceeding shall be reimbursed by the
other party for its attorneys’ fees and other costs and expenses incurred with
the investigation, preparation and prosecution of such action or proceeding.
 
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SIGNATURE PAGE
 
TO
 
COMPANY
 
WARRANT
 
 
IN WITNESS WHEREOF, the Company, has caused this Warrant to be executed in its
name by its duly authorized officers under seal, and to be dated as of the date
first above written.
 
 
 
KESSELRING HOLDING CORPORATION
 
 
By:_________________________________________
          
Name:_______________________________________
 
Title: _______________________________________
 
 
 
 

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ASSIGNMENT
 
(To be Executed by the Registered Holder to effect a Transfer of the foregoing
Warrant)
 
FOR VALUE RECEIVED, the undersigned hereby sells, and assigns and transfers unto
___________________________________________________________________________ the
foregoing Warrant and the rights represented thereto to purchase shares of
Common Stock of _____________________________ in accordance with terms and
conditions thereof, and does hereby irrevocably constitute and appoint the
Company’s Attorney to transfer the said Warrant on the books of the Company,
with full power of substitution.
 
Holder:
_________________________________
 
_________________________________
 
Address
 
Dated: __________________, 20__
 

Approved by:

Kesselring Holding Corporation

 
By:_____________________________
                                      
Name:___________________________
                                                                
Title:____________________________
                                                      
Date:____________________________     
 
                                                 
 
 

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EXERCISE OR CONVERSION NOTICE
 
 
[To be signed only upon exercise of Warrant]
 
To:           _________________________
 
The undersigned Holder of the attached Warrant hereby irrevocably elects to
exercise the Warrant for, and to purchase thereunder, _____ shares of Common
Stock of __________________________ issuable upon exercise of said Warrant and
hereby surrenders said Warrant.
 
The undersigned herewith requests that the certificates for such shares be
issued in the name of, and delivered to the undersigned, whose address is
________________________________.
 
If electronic book entry transfer, complete the following:
 
Account
Number:___________________________                                                          
 
Transaction Code
Number:____________________                                                                       
 
Dated: ___________________
 
Holder:
 
____________________________________
 
____________________________________
 
By:__________________________________
                                                              
Name:________________________________
 
    Title:_________________________________
 
NOTICE
 
The signature above must correspond to the name as written upon the face of the
within Warrant in every particular, without alteration or enlargement or any
change whatsoever.