Document:

taug_ex101.htm

Exhibit 10.1

 

	 Customer No. 70001	
 ASSIGNMENT 

Docket No. 069147

 

 

ASSIGNMENT

This Assignment is made effective immediately.

 

WHEREAS, Bacterial Robotics, LLC, a corporation organized and existing under the laws of the State of Ohio, having its principal place of business at P.O. Box 30085, Cincinnati, Ohio, 45230, (hereinafter referred to as “Assignor”), owns a joint, equal and undivided right, title and interest, including the right to sue for past infringement and to collect for all past, present and future damages, in and to the patents and patent applications set forth on Schedule A attached hereto and owns the entire right, title and interest in and to the inventions and patent applications set forth on Schedules B-C attached hereto; and

 

WHEREAS, Tauriga Sciences Inc., a limited liability company organized and existing under the laws of State of Florida, having its principal place of business at 39 Old Ridgebury Road, Danbury, Connecticut 06180, (hereinafter referred to as "ASSIGNEE"), is desirous of acquiring Assignor’s entire right, title and interest in and to the said patents, patent applications, and inventions (collectively “intellectual property”) set forth in Schedule A, Schedule B, and Schedule C, attached hereto, as well as any intellectual property, inclusive of Letters Patents, that may issue therefrom.

 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Assignor does hereby sell, assign and transfer unto ASSIGNEE, its successors, assigns and legal representatives, Assignor’s entire right, title and interest in and to the said intellectual property set forth in Schedules A-C, attached hereto, and all intellectual property, inclusive of patents, that may be granted therefrom, and all patent applications thereof inclusive of, but not limited to, provisional applications, non-provisional applications, divisional applications, reissue applications, continuation applications, continuation-in-part applications, and extensions; and Assignor hereby authorizes and requests the Commissioner of Patents and Trademarks to issue all patents for the inventions and patent applications listed in Schedules A-C, and all patents issued on patent applications listed in Schedules A-C or all patents issued on patent applications filed on inventions listed in Schedules A-C, insofar as Assignor’s interest is concerned, to the said ASSIGNEE of Assignor’s entire right, title and interest.

 

Assignor also hereby sells and assigns to said ASSIGNEE, its successors, assigns and legal representatives, its entire right, title, and interest in and to the said patents and applications set forth in Schedule A throughout the world, including the right to file applications and obtain patents, utility models, industrial models and designs for said patents and patent applications in its own name throughout the world including all rights of priority, all rights to publish cautionary notices reserving ownership of said invention and all rights to register said invention in appropriate registries; and

 

Assignor also hereby sells and assigns to said ASSIGNEE, its successors, assigns and legal representatives, the full and exclusive rights, title, and interest in and to the said patents, patent applications, and inventions set forth in Schedules B-C throughout the world, including the right to file applications and obtain patents, utility models, industrial models and designs for said patents and patent applications in its own name throughout the world including all rights of priority, all rights to publish cautionary notices reserving ownership of said invention and all rights to register said invention in appropriate registries; and

 

Assignor further agrees to execute any and all powers of attorney, applications, assignments, declarations, affidavits, and any other papers in connection therewith necessary to perfect such rights, title and interest in ASSIGNEE, its successors, assigns and legal representatives.

 

Signed, sealed and delivered for and on behalf of Bacterial Robotics, LLC, this ______ day of, 2014:

 

By ___________________________________

 

Jason E. Barkeloo

Title:__________________________________

 

 

	  	
Page 1 of 4

	  

 

 

 

 

 

	Customer No. 70001	
 ASSIGNMENT 

Docket No. 069147

 

SCHEDULE A

FOR ASSIGNMENT FROM BACTERIAL ROBOTICS, LLC. TO TAURIGA SCIENCES, INC.

U.S. AND FOREIGN PATENTS AND PATENT APPLICATIONS SUBJECT TO THE 

ASSIGNMENT FROM BACTERIAL ROBOTICS, LLC. TO TAURIGA SCIENCES, INC.

	
APPLICATION 

SERIAL NO. /

PATENT NO.

	
STATUS

	
FILING DATE / 

GRANT DATE

	
TITLE

	
US 61/154,464

	
Expired

	
02-23-2009

	
MICROBIAL FUEL CELL

	
US 12/660,244

	
Abandoned

	
02-23-2010

	
MICROBIAL FUEL CELL

	
US 12/660,200

	
Issued

	
02-23-2010

	
MICROBIAL FUEL CELL

	
US 13/741,042

	
Pending

	
01-14-2013

	
IMPROVED MICROBIAL FUEL CELL

	
PCT/US/1055470

	
Abandoned

	
11-04-2010

	
IMPROVED MICROBIAL FUEL CELL

	
8,354,267

 

	
Issued

	
1-15-2013

	
Microbial Fuel Cell

 

	
201080066383.2 

(CN102906246)

CHINA

	
Pending

	  	
Microbial Fuel Cell

 

	
10846788.7

EUROPE

	
Pending

	  	
Microbial Fuel Cell

	
13107545

HONG KONG

	
Pending

	  	
Microbial Fuel Cell

	
2745/KOLNP/2012

INDIA

	
Pending

	  	
Microbial Fuel Cell

 

	 	
Page 2 of 4

	  

 

 

 

 

 

 

	Customer No. 70001	
 ASSIGNMENT 

Docket No. 069147

 

SCHEDULE B

FOR ASSIGNMENT FROM BACTERIAL ROBOTICS, LLC. TO TAURIGA SCIENCES, INC.

U.S. PATENT APPLICATION SUBJECT TO THE ASSIGNMENT FROM BACTERIAL

 ROBOTICS, LLC. TO TAURIGA SCIENCES, INC.

	
APPLICATION

SERIAL NO. / 

PATENT NO.

	
STATUS

	
FILING DATE / 

GRANT DATE

	
TITLE

	
61/794,864

	
Pending

	
03-15-2013

	
SENSOR, PERFORMANCE, AND USAGE 

DATA COLLECTION AND REPORTING 

ARRAY FOR ELECTROGENIC 

BIOREACTOR

 

 

 

	 	
Page 3 of 4

	  

 

 

 

 

	Customer No. 70001	
 ASSIGNMENT 

Docket No. 069147

 

SCHEDULE C

FOR ASSIGNMENT FROM BACTERIAL ROBOTICS, LLC. TO TAURIGA SCIENCES, INC.

INTELLECTUAL PROPERTY SUBJECT TO THE ASSIGNMENT FROM BACTERIAL 

ROBOTICS, LLC. TO TAURIGA SCIENCES, INC.

	
APPLICATION SERIAL NO. / 

PATENT NO.

	
STATUS

	
FILING DATE / 

GRANT DATE

	
TITLE

	  	
Prepared but not filed provisional

	  	
MEMBRANELESS MICROBIAL FUEL CELL

	  	
Prepared but not filed provisional

	  	
WASTE SITE RETROFITTED WITH MICROBIAL FUEL CELL

	  	
Prepared but not filed provisional

	  	
FUEL TANK RETROFITTED WITH MICROBIAL FUEL CELL

	  	
Prepared but not filed provisional

	  	
MICROBIAL FUEL CELL FOR WATERWAYS

	  	
Prepared but not filed provisional

	  	
PORTABLE MICROBIAL FUEL CELL

	  	
Prepared but not filed provisional

	  	
MICROBIAL FUEL CELL TUBE ARRAY

	  	
In Preparation

	  	
HIGH SURFACE AREA ANODE

	  	
In Preparation

	  	
HYDROGEN FUEL CELL ACCESSORY

	 	
Page 4 of 4Red Mountain Resources, Inc. 8-K

 Exhibit 10.1

 

Amendment No. 1 to

WARRANT AGREEMENT

for Red Mountain Resources, Inc.

 

This
Amendment No. 1 (this “Amendment”) to Warrant Agreement, dated as of
July 24, 2013 (the “Agreement”) by and between Broadridge Corporate
Issuer Solutions, Inc. (“Broadridge”) and Red Mountain Resources, Inc.
(“Company”), is effective as of January 31, 2014. All capitalized terms
not otherwise defined herein shall have the meanings set forth in the Agreement.

 

WHEREAS, the
parties hereto desire to amend the Agreement to reflect the adjusted pricing and terms set forth therein in accordance with the
terms of the Agreement following a 1-for-10 reverse stock split (the “Reverse Stock Split”) of the Company’s
outstanding shares of common stock, par value $0.00001 per share, which became effective as of 12:01 a.m. Eastern Standard Time
on January 31, 2014 (the “Effective Time”);

 

NOW, THEREFORE,
in consideration of the mutual consideration, the adequacy and sufficiency of which is hereby confirmed, the parties hereto agree
as follows:

 

1.     
Stock Dividends-Split-Ups. Section 4.1 of the Agreement is hereby amended by adding the following thereto:

 

As a result of a 1-for-10 reverse
stock split (the “Reverse Stock Split”) of the Company’s outstanding shares of Common Stock, effective
as of 12:01 a.m. Eastern Standard Time on January 31, 2014 (the “Effective Time”), the number of shares
of Common Stock issuable upon exercise of each Warrant shall be adjusted to 2.5 shares, which is calculated by dividing 25 by 10.

 

2.     
Adjustments in Warrant Price, Trigger Price and Trigger Volume. Section 4.3 of the Agreement is hereby amended
by adding the following thereto:

 

As a result of the Reverse
Stock Split, and as of the Effective Time, (i) the Warrant Price shall be adjusted to $10.00 per whole share, which is calculated
by multiplying $1.00 by (25 / 2.5); (ii) the Trigger Price shall be adjusted to $15.00, which is calculated by multiplying $1.50
by (25 / 2.5), and (ii) the Trigger Volume shall be adjusted to 300,000, which is calculated by dividing 3,000,000 by (25 / 2.5).

 

3.     
Exhibit A. Exhibit A to the Agreement is hereby replaced with Exhibit A attached to this Amendment
to reflect the adjusted pricing and terms as set forth herein.

 

4.     
Miscellaneous.

a.      
If there is any conflict between the provisions of the Agreement or and the provisions of this Amendment, the provisions
of this Amendment shall prevail with respect to the subject matter herein.

b.     
Except as otherwise specifically stated herein, this Amendment contains the entire agreement and understanding of the parties
with respect to the subject matter herein and supersedes all existing agreements and all other oral, written or other communications
between them concerning the subject matter herein.

c.      
Except as expressly amended and supplemented hereby, the Agreement shall remain in full force and effect.

d.     
The parties may execute this Amendment in any number of duplicate originals and in multiple counterparts, each of which
constitutes an original, and all of which, collectively, constitute only one agreement.

 

    	1

    	 

    

 

 

IN WITNESS WHEREOF, this Amendment has been executed
by the duly authorized representative of the parties hereto and shall be effective as of the date set forth above.

  

	BROADRIDGE
    CORPORATE ISSUER SOLUTIONS, INC.	 	RED
    MOUNTAIN RESOURCES, INC. 
	 	 	 	 	 
	By:	
        /s/
        John P. Dunn
	 	By:	
        /s/
        Alan W. Barksdale

	Name:	John P. Dunn	 	Name:	Alan W. Barksdale
	Title:	Senior Vice President 	 	Title:	President & CEO
	Date:	2/4/14	 	Date:	2/3/14

 

 

    	2

    	 

    

   

EXHIBIT A

 

[FORM OF WARRANT CERTIFICATE]

 

EXERCISABLE ONLY IF COUNTERSIGNED BY THE
WARRANT

AGENT AS PROVIDED HEREIN.

 

Warrant Certificate Evidencing Warrants
to Purchase

Common Stock, par value of $0.00001 per
share, as described herein.

 

Red Mountain Resources, Inc.

 

	No.00001	 	 	CUSIP  75678V 112

 

VOID AFTER 5:00 P.M., NEW YORK CITY TIME,

ON JULY 26, 2016

 

This certifies thator registered assigns
is the registered holder of warrants to purchase certain securities (each a “Warrant”). Each Warrant entitles
the holder thereof, subject to the provisions contained herein and in the Warrant Agreement (as defined below), to purchase from
Red Mountain Resources, Inc., a Texas corporation (the “Company”), two and one-half (2 1⁄2) shares (collectively,
the “Warrant Shares”) of Common Stock, par value $0.00001 per share, of the Company (“Common Stock”),
at the Warrant Price set forth below. The price per share at which each Warrant Share may be purchased at the time each Warrant
is exercised (the “Warrant Price”) is $10.00 initially, subject to adjustments as set forth in the Warrant Agreement
(as defined below).

 

Capitalized terms used but not defined herein
shall have the meaning ascribed to them in the Warrant Agreement.

 

Subject to the terms of the Warrant Agreement,
each Warrant evidenced hereby may be exercised in whole but not in part at any time, as specified herein, on any Business Day (as
defined below) occurring during the period (the “Exercise Period”) commencing on the date of issuance and terminating
at 5:00 P.M., New York City time, on the Expiration Date. The “Expiration Date” shall mean the earlier of (i)
the date that is three years after the date of issuance, or (ii) the first Trading Day that is at least 30 days after the date
that the Company has provided notice to the holders of the Warrants by filing a Current Report on Form 8-K with the Commission
stating that the Common Stock has (A) achieved a 20 Trading Day VWAP (as defined below) of $15.00 per share (the “Trigger
Price”) or more and (B) traded, in the aggregate, 300,000 shares (the “Trigger Volume”) or more over
the same 20 consecutive Trading Days for which the 20 Trading Day VWAP was calculated; provided, that clause (ii) shall only be
applicable so long as a Warrant is exercisable for shares of Common Stock. Each Warrant remaining unexercised after 5:00 P.M.,
New York City time, on the Expiration Date shall become void, and all rights of the holder of this Warrant Certificate evidencing
such Warrant shall cease.

 

The holder of the Warrants represented by
this Warrant Certificate may exercise any Warrant evidenced hereby by delivering, not later than 5:00 P.M., New York City time,
on any Business Day during the Exercise Period (the “Exercise Date”) to Broadridge Corporate Issuer Solutions,
Inc. (the “Warrant Agent”, which term includes any successor warrant agent under the Warrant Agreement described
below) at its corporate actions department, (i) this Warrant Certificate or, in the case of a Book-Entry Warrant Certificate (as
defined in the Warrant Agreement), the Warrants to be exercised (the “Book-Entry Warrants”) as shown on the
records of The Depository Trust Company (the “Depository”) to an account of the Warrant Agent at the Depository
designated for such purpose in writing by the Warrant Agent to the Depository, and (ii) an election to purchase (“Election
to Purchase”), properly completed and executed by the holder hereof on the reverse of this Warrant Certificate or, in
the case of a Book-Entry Warrant Certificate, properly executed by the institution in whose account the Warrant is recorded on
the records of the Depository (the “Participant”) in accordance with the Depository’s procedures, and
substantially in the form included on the reverse of this Warrant Certificate. The Warrant Price for each Warrant to be exercised
shall be paid in lawful money of the United States of America by bank wire transfer in immediately available funds on or before
the Trading Day immediately after the Exercise Date, unless cashless exercise is permitted under the Warrant Agreement.

    	3

    	 

    

 

As used herein, the term “Business
Day” means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized
or required by law or executive order to remain closed.

 

Warrants may be exercised only in whole
numbers of Warrants. No fractional Warrant Shares are to be issued upon the exercise of this Warrant, but rather the Company shall,
at its election, either (i) pay an amount in cash equal to the fractional amount multiplied by the difference between (A) the VWAP
of the Common Stock on the Trading Day immediately preceding the Exercise Date and (B) the Warrant Price of the Warrant, as it
may have been adjusted hereunder or (ii) round up such fraction to the nearest whole share. If fewer than all of the Warrants evidenced
by this Warrant Certificate are exercised, a new Warrant Certificate for the number of Warrants remaining unexercised shall be
executed by the Company and countersigned by the Warrant Agent as provided in Section 2 of the Warrant Agreement, and delivered
to the registered holder of this Warrant Certificate at the address specified on the books of the Warrant Agent or as otherwise
specified by such registered holder.

 

This Warrant Certificate is issued under
and in accordance with the Warrant Agreement, dated as of July 26, 2013 (the “Warrant Agreement”), between the
Company and the Warrant Agent and is subject to the terms and provisions contained in the Warrant Agreement, to all of which terms
and provisions the holder of this Warrant Certificate and the beneficial owners of the Warrants represented by this Warrant Certificate
consent by acceptance hereof. Copies of the Warrant Agreement are on file and can be inspected at the above-mentioned office of
the Warrant Agent and at the office of the Company at 2515 McKinney Avenue, Suite 900, Dallas, Texas 75201.

 

The Company shall provide to the registered
holder prompt written notice of any time that the Company or its transfer agent is unable to issue the Warrant Shares via DTC transfer
or otherwise (without restrictive legend), because (A) the Commission has issued a stop order with respect to the Registration
Statement or any other registration statement registering the issuance of the Warrant Shares, (B) the Commission otherwise has
suspended or withdrawn the effectiveness of the Registration Statement, either temporarily or permanently, and no other registration
statement registering the issuance of the Warrant Shares is then effective, (C) the Company has suspended or withdrawn the effectiveness
of the Registration Statement, either temporarily or permanently, and no other registration statement registering the issuance
of the Warrant Shares is then effective or (D) otherwise (each a “Registration Failure Event”). To the extent
that a Registration Failure Event occurs after the registered holder has exercised a Warrant in accordance with the terms of the
Warrants but prior to the delivery of the Warrant Shares, the Company shall, at the election of the registered holder to be given
within five (5) days of receipt of notice of the Registration Failure Event, either (A) rescind the previously submitted Election
to Purchase and the Company shall return all consideration paid by the registered holder for such shares upon such rescission or
(B) if then permitted pursuant to the terms of the Warrant Agreement, treat the attempted exercise as a cashless exercise as described
in the next paragraph and refund the cash portion of the exercise price to the registered holder.

 

If (A) a Registration Failure Event has
occurred and is continuing and no exemption from the registration requirements is available for the cash exercise of the Warrant
and (B) an exemption from the registration requirements of the Act permitting cashless exercise of the Warrant and the public resale
of the Warrant Shares on the Exercise Date is available and the Company has obtained an opinion of counsel to that effect, the
Warrant shall only be exercisable on a cashless basis. Notwithstanding anything herein to the contrary, the Company shall not be
required to make any cash payments or net cash settlement to the registered holder in lieu of issuance of issuance of the Warrant
Shares. Upon a “cashless exercise”, the registered holder shall be entitled to receive a certificate (or book entry)
for the number of whole Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

 

(A)= the VWAP on the Trading
Day immediately preceding the date on which the registered holder elects to exercise the Warrant by means of a “cashless
exercise,” as set forth in the applicable Election to Purchase;

 

(B)= the Warrant Price of
the Warrant, as it may have been adjusted hereunder; and

 

(X)= the number of Warrant
Shares that would be issuable upon exercise of the Warrant in accordance with the terms of the Warrant if such exercise were by
means of a cash exercise rather than a cashless exercise.

    	4

    	 

    

  

Upon receipt of an Election to Purchase for a cashless exercise,
the Warrant Agent will promptly deliver a copy of the Election to Purchase to the Company to confirm the number of Warrant Shares
issuable in connection with the cashless exercise. The Company shall calculate and transmit to the Warrant Agent, and the Warrant
Agent shall have no obligation under this section to calculate, the number of Warrant Shares issuable in connection with the cashless
exercise.

 

“VWAP” means,
for any security as of any date, the dollar volume-weighted average price for such security on the Principal Market during the
period beginning at 9:30:01 a.m., New York time, and ending at 4:00:00 p.m., New York time, as reported by Bloomberg through its
“Volume at Price” function or, if the foregoing does not apply, the dollar volume-weighted average price of such security
in the over-the-counter market on the electronic bulletin board for such security during the period beginning at 9:30:01 a.m.,
New York time, and ending at 4:00:00 p.m., New York time, as reported by Bloomberg, or, if no dollar volume-weighted average price
is reported for such security by Bloomberg for such hours, the average of the highest closing bid price and the lowest closing
ask price of any of the market makers for such security as reported in the “pink sheets” by Pink Sheets LLC (formerly
the National Quotation Bureau, Inc.). If VWAP cannot be calculated for such security on such date on any of the foregoing bases,
the VWAP of such security on such date shall be the fair market value as determined by an independent appraiser selected in good
faith by the Company. All such determinations shall be appropriately adjusted for any stock dividend, stock split, stock combination
or other similar transaction during such period.

 

The Warrant Price and the number of Warrant
Shares purchasable upon the exercise of each Warrant shall be subject to adjustment as provided pursuant to Section 4 of the Warrant
Agreement.

 

Upon due presentment for registration of
transfer or exchange of this Warrant Certificate at the stock transfer division of the Warrant Agent, the Company shall execute,
and the Warrant Agent shall countersign and deliver, as provided in Section 5 of the Warrant Agreement, in the name of the designated
transferee one or more new Warrant Certificates of any authorized denomination evidencing in the aggregate an equal aggregate number
of unexercised Warrants, subject to the limitations provided in the Warrant Agreement.

 

Neither this Warrant Certificate nor the
Warrants evidenced hereby entitles the registered holder thereof to any of the rights of a shareholder of the Company, including,
without limitation, the right to receive dividends, or other distributions, exercise any preemptive rights to vote or to consent
or to receive notice as shareholders in respect of the meetings of shareholders or the election of directors of the Company or
any other matter.

 

The Warrant Agreement and this Warrant Certificate
may be amended as provided in the Warrant Agreement including, under certain circumstances described therein, without the consent
of the holder of this Warrant Certificate or the Warrants evidenced thereby.

 

THIS WARRANT CERTIFICATE AND ALL RIGHTS
HEREUNDER AND UNDER THE WARRANT AGREEMENT SHALL BE GOVERNED BY AND INTERPRETED AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE
STATE OF NEW YORK APPLICABLE TO CONTRACTS FORMED AND TO BE PERFORMED ENTIRELY WITHIN THE STATE OF NEW YORK, WITHOUT REGARD TO THE
CONFLICTS OF LAW PROVISIONS THEREOF TO THE EXTENT SUCH PRINCIPLES OR RULES WOULD REQUIRE OR PERMIT THE APPLICATION OF THE LAWS
OF ANOTHER JURISDICTION.

 

This Warrant Certificate shall not be entitled
to any benefit under the Warrant Agreement or be valid or obligatory for any purpose, and no Warrant evidenced hereby may be exercised,
unless this Warrant Certificate has been countersigned by the manual signature of the Warrant Agent.

    	5

    	 

    

 

* * * * *

 

IN WITNESS WHEREOF, the Company
has caused this instrument to be duly executed.

 

Dated as of January 31, 2014

	 	
        RED MOUNTAIN RESOURCES, INC.

         

	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

	Broadridge Corporate Issuer Solutions, Inc.,	 
	as Warrant Agent	 
	 	 
	
         

         

        By:
	 	 
	Name:	 	 
	Title:	 	 
	 	 	 

    	

6

    	 

    

 

[REVERSE]

 

Instructions for Exercise of Warrant

 

To exercise the Warrants evidenced hereby,
the holder or Participant must, by 5:00 P.M., New York City time, on the specified Exercise Date, deliver to the Warrant Agent
at its stock transfer division, a bank wire transfer in immediately available funds payable to the Warrant Agent at Account No.
, in an amount equal to the Warrant Price in full for the Warrants exercised. In addition, the Warrant holder or Participant
must provide the information required below and deliver this Warrant Certificate to the Warrant Agent at the address set forth
below and the Book-Entry Warrants to the Warrant Agent in its account with the Depository designated for such purpose. The Warrant
Certificate and this Election to Purchase must be received by the Warrant Agent by 5:00 P.M., New City York time, on the specified
Exercise Date.

    	7

    	 

    

 

ELECTION TO PURCHASE

 

TO BE EXECUTED IF WARRANT HOLDER DESIRES

 

TO EXERCISE THE WARRANTS EVIDENCED HEREBY

 

The undersigned hereby irrevocably elects
to exercise, on , (the “Exercise Date”), Warrants, evidenced by this Warrant Certificate, to purchase,
shares (the “Warrant Shares”) of Common Stock, par value of $0.00001 per share (the “Common Stock”)
of Red Mountain Resources, Inc., a Texas corporation (the “Company”), and represents that on or before the Exercise
Date

 

	☐		such holder has tendered payment for such Warrant Shares by bank wire transfer in
immediately available funds to the order of the Company c/o Broadridge Corporate Issuer Solutions, Inc., 1717 Arch St., Suite
1300, Philadelphia, PA 19103, in the amount of $ in accordance with the terms hereof, or

	☐		[if permitted] the cancellation of such number of Warrant Shares as is necessary,
in accordance with the formula set forth in subsection 3.3.3 of the Warrant Agreement, to exercise this Warrant with respect to
the maximum number of whole Warrant Shares purchasable pursuant to the cashless exercise procedure set forth in subsection 3.3.3.

 

The undersigned requests that said number of Warrant Shares
be in fully registered form, registered in such names and delivered, all as specified in accordance with the instructions set forth
below.

 

If said number of Warrant Shares is less
than all of the Warrant Shares purchasable hereunder, the undersigned requests that a new Warrant Certificate evidencing the remaining
balance of the Warrants evidenced hereby be issued and delivered to the holder of the Warrant Certificate unless otherwise specified
in the instructions below.

 

Dated:

 

	Name 	 	 
	 	(Please Print)	 
	 	 	 
	/ / / / - / / /- / / / / /	 
	(Insert Social Security or Other Identifying Number of Holder) 	 
	 	 	 
	Address	 	 
	 	 	 
	 	 	 
	 	 	 
	Signature 	 	 
	 	 	 

 

This Warrant may only be exercised by presentation
to the Warrant Agent at one of the following locations:

 

By hand or overnight courier at: Broadridge, Attn: Reorganization
Dept., 1981 Marcus Ave., Suite 100, Lake Success, NY 11042

 

By mail at: Broadridge, Attn: Reorganization
Dept., P.O. Box 1342, Brentwood, NY 11717

 

The method of delivery of this Warrant Certificate is at the
option and risk of the exercising holder and the delivery of this Warrant Certificate will be deemed to be made only when actually
received by the Warrant Agent. If delivery is by mail, registered mail with return receipt requested, properly insured, is recommended.
In all cases, sufficient time should be allowed to assure timely delivery.

    	8

    	 

    

 

(Instructions as to form and delivery of Warrant Shares and/or
Warrant Certificates)

 

	Name in which Warrant Shares are to be registered if other than in the name of the registered holder of this Warrant Certificate:	 	 	 
	 	 	 	 
	
         

        Address to which Warrant Shares are to be mailed if other than
        to the address of the registered holder of this Warrant Certificate as shown on the books of the Warrant Agent:
	 	 	 
	 	 	(Street Address)	 
	 	 	 	 
	 	 	 	 
	 	 	(City and State) (Zip Code)	 
	 	 	 	 
	Name in which Warrant Certificate evidencing unexercised Warrants, if any, are to be registered if other than in the name of the registered holder of this Warrant Certificate:	 	 	 

 

 

	

 Address to which certificate representing unexercised Warrants, if any, are to be mailed if other than to the address of the registered holder of this Warrant Certificate as shown on the books of the Warrant Agent:	 	 	 
	 	 	(Street Address)	 
	 	 	 	 
	 	 	 	 
	 	 	(City and State) (Zip Code)	 
	 	 	 	 
	 	 	
        Dated:

         
	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	Signature	 
	 	 	 	 
	 	 	Signature must conform in all respects to the name of the holder as specified on the face of this Warrant Certificate. If Warrant Shares, or a Warrant Certificate evidencing unexercised Warrants, are to be issued in a name other than that of the registered holder hereof or are to be delivered to an address other than the address of such holder as shown on the books of the Warrant Agent, the above signature must be guaranteed by an Eligible Guarantor Institution (as that term is defined in Rule 17Ad-15 of the Securities Exchange Act of 1934, as amended).

SIGNATURE GUARANTEE

 

	Name of Firm	 	 	 
	Address	 	 	 
	Area Code and Number	 	 	 
	Authorized Signature	 	 	 
	Name	 	 	 
	Title	 	 	 

Dated:

 

    	9

    	 

    

 

ASSIGNMENT

 

(FORM OF ASSIGNMENT TO BE EXECUTED IF WARRANT
HOLDER

DESIRES TO TRANSFER WARRANTS EVIDENCED HEREBY)

FOR VALUE RECEIVED, HEREBY SELL(S),
ASSIGN(S) AND TRANSFER(S) UNTO

 

 

 

 

	 	 	 
	(Please print name and address	 	(Please insert social security or
	including zip code of assignee)	 	other identifying number of assignee)

 

the rights represented by the within Warrant Certificate and
does hereby irrevocably constitute and appoint Attorney to transfer said Warrant Certificate on the books of the Warrant Agent
with full power of substitution in the premises.

 

	 	
        Dated:

         

	 	 
	 	 
	 	 
	 	Signature
	 	 
	 	
         

        (Signature must conform in all respects to the name of the
        holder as specified on the face of this Warrant Certificate and must bear a signature guarantee by an Eligible Guarantor Institution
        (as that term is defined in Rule 17Ad-15 of the Securities Exchange Act of 1934, as amended).

SIGNATURE GUARANTEE

 

	Name of Firm	 	 	 
	Address	 	 	 
	Area Code and Number	 	 	 
	Authorized Signature	 	 	 
	Name	 	 	 
	Title	 	 	 

Dated:

 

    	10

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00225-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00225-of-00352.parquet"}]]