Exhibit
4.8


 


THIS
WARRANT AND THE SHARES ISSUABLE UPON THE EXERCISE OF THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED. EXCEPT AS OTHERWISE SET FORTH HEREIN, NEITHER THIS WARRANT NOR ANY OF SUCH SHARES MAY BE SOLD, TRANSFERRED OR ASSIGNED
IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR SUCH SECURITIES UNDER SAID ACT OR, AN OPINION OF COUNSEL, IN FORM, SUBSTANCE
AND SCOPE, CUSTOMARY FOR OPINIONS OF COUNSEL IN COMPARABLE TRANSACTIONS, THAT REGISTRATION IS NOT REQUIRED UNDER SUCH ACT OR UNLESS
SOLD PURSUANT TO RULE 144 OR REGULATION S UNDER SUCH ACT.


 


 


 


Right
to 

Purchase 

1,146,667 

Shares of 

Common 

Stock, par 

value $.0001 

per share


 


STOCK
PURCHASE WARRANT


 


THIS
CERTIFIES THAT, for value received, Douglas Solomon or his registered assigns, is entitled to purchase from ID Global
Solutions Corporation, a Delaware corporation (the “Company”), at any time or from time to time during the period
specified in Paragraph 2 hereof, 1,146,667 fully paid and nonassessable shares of the Company’s Common Stock, par value
$.0001 per share (the “Common Stock”), at an exercise price per share equal to $0.15 (the “Exercise Price”).
The term “Warrant Shares,” as used herein, refers to the shares of Common Stock purchasable hereunder. The Warrant
Shares and the Exercise Price are subject to adjustment as provided in Paragraph 4 hereof.


 


This
Warrant is subject to the following terms, provisions, and conditions:


 


1.             Manner
of Exercise; Issuance of Certificates; Payment for Shares. Subject to the provisions hereof, this Warrant may be exercised
by the holder hereof, in whole or in part, by the surrender of this Warrant, together with a completed exercise agreement in the
form attached hereto (the “Exercise Agreement”), to the Company during normal business hours on any business day at
the Company’s principal executive offices (or such other office or agency of the Company as it may designate by notice to
the holder hereof), and upon payment to the Company in cash, by certified or official bank check or by wire transfer for the account
of the Company of the Exercise Price for the Warrant Shares specified in the Exercise Agreement. The Warrant Shares so purchased
shall be deemed to be issued to the holder hereof or such holder’s designee, as the record owner of such shares, as of the
close of business on the date on which this Warrant shall have been surrendered, the completed Exercise Agreement shall have been
delivered, and payment shall have been made for such shares as set forth above. Certificates for the Warrant Shares so purchased,
representing the aggregate number of shares specified in the Exercise Agreement, shall be delivered to the holder hereof within
a reasonable time, not exceeding three (3) business days, after this Warrant shall have been so exercised. If this Warrant shall
have been exercised only in part, then, unless this Warrant has expired, the Company shall, at its expense, at the time of delivery
of such certificates, deliver to the holder a new Warrant representing the number of shares with respect to which this Warrant
shall not then have been exercised.


 






    	 



    	 



    

 


If
at any time after six months from the date of issuance of this Warrant the Company has not had a Registration Statement for the
Warrant Shares declared effective, then this Warrant may also be exercised at such time by means of a “cashless exercise”
in which the Holder shall be entitled to receive a certificate for the number of Warrant Shares equal to the quotient obtained
by dividing [(A-B) (X)] by (A), where:


 


(A)
= the Average Closing Price during the ten (10) trading days immediately preceding the date of such election;


  


(B)
= the Exercise Price of this Warrant, as adjusted; and


  


(X)
= the number of Warrant Shares issuable upon exercise of this Warrant in accordance with the terms of this Warrant by means of
a cash exercise rather than a cashless exercise.


  


Notwithstanding
anything in this Warrant to the contrary, in no event shall the holder of this Warrant be entitled to exercise a number of Warrants
(or portions thereof) in excess of the number of Warrants (or portions thereof) upon exercise of which the sum of (i) the number
of shares of Common Stock beneficially owned by the holder and its affiliates (other than shares of Common Stock which may be
deemed beneficially owned through the ownership of the unexercised Warrants and the unexercised or unconverted portion of any
other securities of the Company) subject to a limitation on conversion or exercise analogous to the limitation contained herein)
and (ii) the number of shares of Common Stock issuable upon exercise of the Warrants (or portions thereof) with respect to which
the determination described herein is being made, would result in beneficial ownership by the holder and its affiliates of more
than 4.9% of the outstanding shares of Common Stock. For purposes of the immediately preceding sentence, beneficial ownership
shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended, and Regulation 13D-G
thereunder, except as otherwise provided in clause (i) of the preceding sentence. Notwithstanding anything to the contrary contained
herein, the limitation on exercise of this Warrant set forth herein may not be amended without (i) the written consent of the
holder hereof and the Company and (ii) the approval of a majority of shareholders of the Company.


 


2.           Period
of Exercise. This Warrant is exercisable at any time or from time to time on or after the date on which this Warrant is
issued and delivered pursuant to the terms set forth herein and before 6:00 p.m., New York, New York time on the fifth (5th) anniversary
of the date of issuance (the “Exercise Period”). 


  


3.             Certain
Agreements of the Company. The Company hereby covenants and agrees as follows:


 


(a)              
Shares to be Fully Paid. All Warrant Shares will, upon issuance in accordance with the terms of this Warrant, be validly
issued, fully paid, and nonassessable and free from all taxes, liens, and charges with respect to the issue thereof.


 






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(b)              
Reservation of Shares. During the Exercise Period, the Company shall at all times have authorized, and reserved for
the purpose of issuance upon exercise of this Warrant, a sufficient number of shares of Common Stock to provide for the exercise
of this Warrant.


 


(c)               
Successors and Assigns. This Warrant will be binding upon any entity succeeding to the Company by merger, consolidation,
or acquisition of all or substantially all the Company’s assets.


 


4.            
Antidilution Provisions. During the Exercise Period, the Exercise Price and the number of Warrant Shares shall be subject
to adjustment from time to time as provided in this Paragraph 4.


 


In
the event that any adjustment of the Exercise Price as required herein results in a fraction of a cent, such Exercise Price shall
be rounded up to the nearest cent.


 


(a)              
Subdivision or Combination of Common Stock. If the Company at any time subdivides (by any stock split, stock dividend,
recapitalization, reorganization, reclassification or otherwise) the shares of Common Stock acquirable hereunder into a greater
number of shares, then, after the date of record for effecting such subdivision, the Exercise Price in effect immediately prior
to such subdivision will be proportionately reduced. If the Company at any time combines (by reverse stock split, recapitalization,
reorganization, reclassification or otherwise) the shares of Common Stock acquirable hereunder into a smaller number of shares,
then, after the date of record for effecting such combination, the Exercise Price in effect immediately prior to such combination
will be proportionately increased.


 


(b)              
Adjustment in Number of Shares. Upon each adjustment of the Exercise Price pursuant to the provisions of this Paragraph
4, the number of shares of Common Stock issuable upon exercise of this Warrant shall be adjusted by multiplying a number equal
to the Exercise Price in effect immediately prior to such adjustment by the number of shares of Common Stock issuable upon exercise
of this Warrant immediately prior to such adjustment and dividing the product so obtained by the adjusted Exercise Price.


 


(c)               
Consolidation, Merger or Sale. In case of any consolidation of the Company with, or merger of the Company into any
other corporation, or in case of any sale or conveyance of all or substantially all of the assets of the Company other than in
connection with a plan of complete liquidation of the Company, then as a condition of such consolidation, merger or sale or conveyance,
adequate provision will be made whereby the holder of this Warrant will have the right to acquire and receive upon exercise of
this Warrant in lieu of the shares of Common Stock immediately theretofore acquirable upon the exercise of this Warrant, such
shares of stock, securities or assets as may be issued or payable with respect to or in exchange for the number of shares of Common
Stock immediately theretofore acquirable and receivable upon exercise of this Warrant had such consolidation, merger or sale or
conveyance not taken place. In any such case, the Company will make appropriate provision to insure that the provisions of this
Paragraph 4 hereof will thereafter be applicable as nearly as may be in relation to any shares of stock or securities thereafter
deliverable upon the exercise of this Warrant. The Company will not effect any consolidation, merger or sale or conveyance unless
prior to the consummation thereof, the successor corporation (if other than the Company) assumes by written instrument the obligations
under this Paragraph 4 and the obligations to deliver to the holder of this Warrant such shares of stock, securities or assets
as, in accordance with the foregoing provisions, the holder may be entitled to acquire.


 






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5.            
Issue Tax. The issuance of certificates for Warrant Shares upon the exercise of this Warrant shall be made without
charge to the holder of this Warrant or such shares for any issuance tax or other costs in respect thereof, provided that the
Company shall not be required to pay any tax which may be payable in respect of any transfer involved in the issuance and delivery
of any certificate in a name other than the holder of this Warrant.


 


6.            
No Rights or Liabilities as a Shareholder. This Warrant shall not entitle the holder hereof to any voting rights or
other rights as a shareholder of the Company. No provision of this Warrant, in the absence of affirmative action by the holder
hereof to purchase Warrant Shares, and no mere enumeration herein of the rights or privileges of the holder hereof, shall give
rise to any liability of such holder for the Exercise Price or as a shareholder of the Company, whether such liability is asserted
by the Company or by creditors of the Company.


 


7.            
Transfer, Exchange, and Replacement of Warrant.


 


(a)              
Restriction on Transfer. This Warrant and the rights granted to the holder hereof are transferable, in whole or in
part, upon surrender of this Warrant, together with a properly executed assignment in the form attached hereto, at the office
or agency of the Company, provided, however, that any transfer or assignment shall be subject to the laws of the United States.
Until due presentment for registration of transfer on the books of the Company, the Company may treat the registered holder hereof
as the owner and holder hereof for all purposes, and the Company shall not be affected by any notice to the contrary.


 


(b)              
Warrant Exchangeable for Different Denominations. This Warrant is exchangeable, upon the surrender hereof by the holder
hereof at the office or agency of the Company, for new Warrants of like tenor representing in the aggregate the right to purchase
the number of shares of Common Stock which may be purchased hereunder, each of such new Warrants to represent the right to purchase
such number of shares as shall be designated by the holder hereof at the time of such surrender.


 


(c)               
Replacement of Warrant. Upon receipt of evidence reasonably satisfactory to the Company of the loss, theft, destruction,
or mutilation of this Warrant and, in the case of any such loss, theft, or destruction, upon delivery of an indemnity agreement
reasonably satisfactory in form and amount to the Company, or, in the case of any such mutilation, upon surrender and cancellation
of this Warrant, the Company, at its expense, will execute and deliver, in lieu thereof, a new Warrant of like tenor.


 


(d)              
Cancellation; Payment of Expenses. Upon the surrender of this Warrant in connection with any transfer, exchange, or
replacement as provided in this Paragraph 7, this Warrant shall be promptly canceled by the Company. The Company shall pay all
taxes (other than securities transfer taxes) and all other expenses (other than legal expenses, if any, incurred by the holder
or transferees) and charges payable in connection with the preparation, execution, and delivery of Warrants pursuant to this Paragraph
7.


 


(e)              
Register. The Company shall maintain, at its principal executive offices (or such other office or agency of the Company
as it may designate by notice to the holder hereof), a register for this Warrant, in which the Company shall record the name and
address of the person in whose name this Warrant has been issued, as well as the name and address of each transferee and each
prior owner of this Warrant.


 






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(f)                
Exercise or Transfer Without Registration. If, at the time of the surrender of this Warrant in connection with any
exercise, transfer, or exchange of this Warrant, this Warrant (or, in the case of any exercise, the Warrant Shares issuable hereunder),
shall not be registered under the Securities Act of 1933, as amended (the “Securities Act”) and under applicable state
securities or blue sky laws, the Company may require, as a condition of allowing such exercise, transfer, or exchange, (i) that
the holder or transferee of this Warrant, as the case may be, furnish to the Company a written opinion of counsel, which opinion
and counsel are acceptable to the Company, to the effect that such exercise, transfer, or exchange may be made without registration
under said Act and under applicable state securities or blue sky laws, (ii) that the holder or transferee execute and deliver
to the Company an investment letter in form and substance acceptable to the Company and (iii) that the transferee be an “accredited
investor” as defined in Rule 501(a) promulgated under the Securities Act; provided that no such opinion, letter or status
as an “accredited investor” shall be required in connection with a transfer pursuant to Rule 144 under the Securities
Act. The first holder of this Warrant, by taking and holding the same, represents to the Company that such holder is acquiring
this Warrant for investment and not with a view to the distribution thereof. In no event shall the Holder be permitted to assign
the Warrant unless provided with express written consent by the Company.


 


8.            
[Intentionally Omitted]  


 


9.            
Notices. All notices, requests, and other communications required or permitted to be given or delivered hereunder to
the holder of this Warrant shall be in writing, and shall be personally delivered, or shall be sent by certified or registered
mail or by recognized overnight mail courier, postage prepaid and addressed, to such holder at the address shown for such holder
on the books of the Company, or at such other address as shall have been furnished to the Company by notice from such holder.
All notices, requests, and other communications required or permitted to be given or delivered hereunder to the Company shall
be in writing, and shall be personally delivered, or shall be sent by certified or registered mail or by recognized overnight
mail courier, postage prepaid and addressed, to the office of the Company at the address set forth in the Purchase Agreement,
or at such other address as shall have been furnished to the holder of this Warrant by notice from the Company. Any such notice,
request, or other communication may be sent by facsimile, but shall in such case be subsequently confirmed by a writing personally
delivered or sent by certified or registered mail or by recognized overnight mail courier as provided above. All notices, requests,
and other communications shall be deemed to have been given either at the time of the receipt thereof by the person entitled to
receive such notice at the address of such person for purposes of this Paragraph 9, or, if mailed by registered or certified mail
or with a recognized overnight mail courier upon deposit with the United States Post Office or such overnight mail courier, if
postage is prepaid and the mailing is properly addressed, as the case may be.


 






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10.          
Governing Law. THIS WARRANT SHALL BE ENFORCED, GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF
FLORIDA APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED ENTIRELY WITHIN SUCH STATE, WITHOUT REGARD TO THE PRINCIPLES OF CONFLICT
OF LAWS. THE PARTIES HERETO HEREBY SUBMIT TO THE EXCLUSIVE JURISDICTION OF THE UNITED STATES FEDERAL COURTS LOCATED IN ORLANDO,
FLORIDA WITH RESPECT TO ANY DISPUTE ARISING UNDER THIS WARRANT, THE AGREEMENTS ENTERED INTO IN CONNECTION HEREWITH OR THE TRANSACTIONS
CONTEMPLATED HEREBY OR THEREBY. BOTH PARTIES IRREVOCABLY WAIVE THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH
SUIT OR PROCEEDING. BOTH PARTIES FURTHER AGREE THAT SERVICE OF PROCESS UPON A PARTY MAILED BY FIRST CLASS MAIL SHALL BE DEEMED
IN EVERY RESPECT EFFECTIVE SERVICE OF PROCESS UPON THE PARTY IN ANY SUCH SUIT OR PROCEEDING. NOTHING HEREIN SHALL AFFECT EITHER
PARTY’S RIGHT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW. BOTH PARTIES AGREE THAT A FINAL NON-APPEALABLE JUDGMENT
IN ANY SUCH SUIT OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON SUCH JUDGMENT OR IN ANY
OTHER LAWFUL MANNER. THE PARTY WHICH DOES NOT PREVAIL IN ANY DISPUTE ARISING UNDER THIS WARRANT SHALL BE RESPONSIBLE FOR ALL FEES
AND EXPENSES, INCLUDING ATTORNEYS’ FEES, INCURRED BY THE PREVAILING PARTY IN CONNECTION WITH SUCH DISPUTE.


 


11.          
Miscellaneous.


 


(a)              
Amendments. This Warrant and any provision hereof may only be amended by an instrument in writing signed by the Company
and the holder hereof.


 


(b)              
Descriptive Headings. The descriptive headings of the several paragraphs of this Warrant are inserted for purposes
of reference only, and shall not affect the meaning or construction of any of the provisions hereof.


 


(c)               
Remedies. The Company acknowledges that a breach by it of its obligations hereunder will cause irreparable harm to
the holder, by vitiating the intent and purpose of the transaction contemplated hereby. Accordingly, the Company acknowledges
that the remedy at law for a breach of its obligations under this Warrant will be inadequate and agrees, in the event of a breach
or threatened breach by the Company of the provisions of this Warrant, that the holder shall be entitled, in addition to all other
available remedies at law or in equity, and in addition to the penalties assessable herein, to an injunction or injunctions restraining,
preventing or curing any breach of this Warrant and to enforce specifically the terms and provisions thereof, without the necessity
of showing economic loss and without any bond or other security being required.


 


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IN
WITNESS WHEREOF, the Company has caused this Warrant to be signed by its duly authorized officer. 


	 	 	 
	 	ID GLOBAL SOLUTIONS 

    CORPORATION
	 	 
	 	By: /s/Thomas R. Szoke
	 	 	Thomas R. Szoke
	 	 	Chief Executive Officer
	 	 
	Dated as of September 25, 2015	 







 






    	 



    	 



    

 


FORM
OF EXERCISE AGREEMENT


 


 


 


Dated:
________ __, 20__


 


 


 


To:______________________


  


The
undersigned, pursuant to the provisions set forth in the within Warrant, hereby agrees to purchase ________ shares of Common Stock
covered by such Warrant.


 


Payment
shall take the form of (check applicable box):


 


[
] in lawful money of the United States $_______; or


 


[
] the cancellation of ________ Warrant Shares as is necessary, in accordance with the formula set forth in section 1, to exercise
this Warrant with respect to the maximum number of Warrant Shares purchasable pursuant to the cashless exercise procedure set
forth in section 1.


 


Please
issue a certificate or certificates for such shares of Common Stock in the name of and pay any cash for any fractional share to:





	 	 	 	 
	 	Name:	 	 	 	 	 
	 	 
	 	Signature:
	 	Address:	 
	 	 	 
	 	 
	 	Note:	The above signature should correspond exactly with the name on
    the face of the within Warrant, if applicable.







 



    	 



    	 



    




 


FORM
OF ASSIGNMENT


 


FOR
VALUE RECEIVED, the undersigned hereby sells, assigns, and transfers all the rights of the undersigned under the within Warrant,
with respect to the number of shares of Common Stock covered thereby set forth hereinbelow, to:


 





	Name
    of Assignee	Address	No
    of Shares







 


, and
hereby irrevocably constitutes and appoints ___________________________________ as agent and attorney-in-fact to transfer said
Warrant on the books of the within-named corporation, with full power of substitution in the premises.


  


Dated:________
__, 20__





	 	 	 	 	 
	In the presence of:	 	 
	 	Name:	 
	 	 
	 	Signature:	 	 	 
	 	Title of Signing Officer or Agent (if any):
	 	 	 
	 	Address:	 
	 	 	 
	 	 	 
	 	Note:	The above signature should correspond exactly with the name on
    the face of the within Warrant, if applicable.