exv4w16



 







EXHIBIT 4.16



FORM TEXT FOR WARRANT

NGTV


[FACE SIDE]


...Or registered assigns, is the registered holder of the number of Warrants (“Warrants”) set forth
above. Each Warrant, unless and until redeemed by a the Company as provided in the Warrant
Agreement hereinafter more fully described (the “Warrant Agreement”), entitles the holder thereof
to purchase from NGTV, a corporation incorporated under the laws of the State of California (the
“Company”), subject to the terms and conditions set forth hereinafter and in the Warrant Agreement,
any time on or after the date which is thirty days after notice is given by the representative of
the underwriters (as set forth in the final prospectus prepared in connection with the Company’s
initial public offering) that the “units” (as described in the final prospectus) shall be detached,
provided that such detachment shall not occur until the sooner of (i) sixty days following the date
of the final prospectus prepared in connection with the Company’s initial public offering or (ii)
the exercise in full of the “over allotment option” of the underwriters, as described in the final
prospectus (the “Initial Exercise Date”)and before the close of business on                     , 20___
(“Expiration Date”), one half of one share of fully paid and non-assessable Common Stock, par value
$0.01 per share of the Company (“Common Stock”) upon presentation and surrender of this Warrant
Certificate, with the instructions for the registration and deliver of Common Stock filled in, at
the stock transfer office in Glendale, California of U.S. Stock Transfer Corporation, Warrant Agent
of the Company (“Warrant Agent”) or of its successor warrant agent or, if there be no successor,
warrant agent, at the corporate offices of the Company, and upon payment of the Exercise Price (as
defined in the Warrant Agreement) and any applicable taxes paid either in cash, or by certified or
official bank check, payable in lawful money of the United States of America to the order of the
Company. Each Warrant initially entitles the holder to purchase one half of one share of Common
Stock for $                    . The number and kind of securities or other property for which the Warrants are
exercisable are subject to adjustment in certain events, such as mergers, splits, stock dividends,
reverse splits and the like, to prevent dilution. The Company may, but is not obligated to, redeem
any or all outstanding and unexercised warrants beginning four months after the date of the final
prospectus prepared in connection with the Company’s initial public offering, by giving not less
than 30 days prior notice at any time after the closing price of the Common Stock on the principal
market on which its traded has equaled or exceeded $                     per share on each of ten
consecutive trading days after the date that is four months subsequent to the date of the final
prospectus prepared in connection with the Company’s initial public offering . The Redemption Price
is $0.25 per Warrant (subject to adjustment in the event of a stock split, dividend or the like).
All Warrants not theretofore exercised will expire on the Expiration Date.



This Warrant Certificate shall not be valid or obligatory for any purpose until it shall have been
countersigned by the Warrant Agent.



WITNESS the facsimile signatures of the proper officers of the Company and its corporate seal.




 









 







FORM TEXT FOR WARRANT

NGTV


[REVERSE SIDE]


SUMMARY OF THE TERMS OF THE WARRANT



     This Warrant Certificate is subject to all of the terms, provisions and conditions of the
Warrant Agreement, dated as of                     , 2006, between the Company and the Warrant Agent, to
all of which terms, provisions and conditions the registered holder of this Warrant Certificate
consents by acceptance hereof. The Warrant Agreement is incorporated herein by reference and made a
part hereof and reference is made to the Warrant Agreement for a full description of the rights,
limitations of rights, obligations, duties and immunities of the Warrant Agent, the Company and the
holders of the Warrant Certificates. Copies of the Warrant Agreement are available for inspection
at the stock transfer office of the Warrant Agent or may be obtained upon written request addressed
to the Company at NGTV, 9944 Santa Monica Boulevard, Beverly Hills, California, 90212, Attention:
Chief Financial Officer.



     The Company shall not be required upon the exercise of the Warrants evidenced by this Warrant
Certificate to issue fractions of Warrants, Common Stock or other securities, but shall reject any
such attempted exercise as provided in the Warrant Agreement.



     In certain cases, the sale of securities by the Company upon exercise of Warrants may violate
the securities laws of the United States, certain states thereof or other jurisdictions. The
Company has agreed to use all commercially reasonable efforts to provide that such sales comply
with the Securities Act of 1933, and to take such action under the laws of various states as may be
required to cause the sale of securities upon exercise to be lawful.



     This Warrant Certificate with or without other Certificates, upon surrender to the Warrant
Agent, any successor warrant agent, or in the absence of any successor warrant agent, at the
corporate offices of the Company, may be exchanged for another Warrant Certificate or Certificates
evidencing in the aggregate the same number of Warrants as the aggregate Warrant Certificate or
Certificates so surrendered. If the Warrants evidenced by this Warrant Certificate shall be
exercised in part, the holder hereof shall be entitled to receive upon surrender hereof another
Warrant Certificate or Certificates evidencing the number of Warrants not so exercised.



     No holder of this Warrant Certificate, as such, shall be entitled to vote, receive dividends
or be deemed the holder of Common Stock or any other securities of the Company which may at any
time be issuable on the exercise hereof for any purpose whatsoever, nor shall anything contained in
the Warrant Agreement or herein be construed to confer upon the holder of this Warrant Certificate,
as such, any of the rights of a stockholder of the Company or any right to vote for the election of
directors or upon any matter submitted to stockholders at any meeting thereof or give or withhold
consent to any corporate action (whether upon any matter submitted



 









 







to stockholders at any meeting thereof, or give or withhold consent to any merger,
recapitalization, issuance of stock, reclassification of stock, change of par value or change of
stock to no par value, consolidation, conveyance or otherwise) or to receive notice of meetings or
other actions affecting stockholders (except as provided in the Warrant Agreement) or to receive
dividends or subscription rights or otherwise until the Warrants evidenced by this Warrant
Certificate shall have been exercised and the Common Stock purchasable upon the exercise thereof
shall have become deliverable as provided in the Warrant Agreement.



     If this Warrant Certificate shall be surrendered for exercise within any period during which
the transfer books for the Company’s Common Stock or other class of stock purchasable upon the
exercise of the Warrants evidenced by this Warrant Certificate are closed for any purpose, the
Company shall not be required to make delivery of certificates for shares purchasable upon such
transfer until the date of the reopening of said transfer books.



     This Warrant Certificate and the Warrants represented hereby are subject to redemption rights
on the part of the Company, as set forth in the Warrant Agreement.



     Every holder of this Warrant Certificate by accepting the same consents and agrees with the
Company, the Warrant Agent, and with every other holder of a Warrant Certificate that:




	 	(a)	 	this Warrant Certificate is transferable on the registry books of the Warrant
Agent only upon the terms and conditions set forth in the Warrant Agreement, and






	 	(b)	 	the Company and the Warrant Agent may deem and treat the person in whose name
this Warrant Certificate is registered as the absolute owner hereof (notwithstanding
any notation of ownership or other writing thereon made by anyone other than the
Company or the Warrant Agent) for all purposes whatsoever and neither the Company nor
the Warrant Agent shall be affected by any notice to the contrary. The Company shall
not be required to issue or deliver any certificate for shares of Common Stock or other
securities upon the exercise of Warrants evidenced by this Warrant Certificate until
any tax which may be payable in respect thereof by the holder of this Warrant
Certificate pursuant to the Warrant Agreement shall have been paid, such tax being
payable by the holder of this Warrant Certificate pursuant to the Warrant Agreement
shall have been paid, such tax being payable by the holder of this Warrant Certificate
at the time of surrender.