Document:

EXHIBIT 4.2 

 

THIS SECURITY HAS NOT BEEN REGISTERED
OR QUALIFIED UNDER THE SECURITIES ACT OF 1933 (THE “ACT”) OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE OFFERED
OR SOLD UNLESS REGISTERED AND QUALIFIED PURSUANT TO THE APPLICABLE PROVISIONS OF FEDERAL AND STATE SECURITIES LAWS OR UNLESS AN
EXEMPTION FROM SUCH REGISTRATION OR QUALIFICATION APPLIES. THEREFORE, NO SALE OR TRANSFER OF THIS SECURITY SHALL BE MADE, NO ATTEMPTED
SALE OR TRANSFER SHALL BE VALID, AND THE ISSUER SHALL NOT BE REQUIRED TO GIVE ANY EFFECT TO ANY SUCH TRANSACTION UNLESS (A) SUCH
TRANSACTION HAS BEEN DULY REGISTERED UNDER THE ACT AND QUALIFIED OR APPROVED UNDER APPROPRIATE STATE SECURITIES LAWS, OR (B) THE
ISSUER HAS FIRST RECEIVED AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO IT THAT SUCH REGISTRATION, QUALIFICATION OR APPROVAL
IS NOT REQUIRED. 

 

 

WARRANT

 

For the Purchase of Shares of Common
Stock of

 

WYTEC INTERNATIONAL, INC.

AMENDED AND RESTATED COMMON STOCK PURCHASE
WARRANT

 

Void After 5 P.M. June 30, 2018

 

No. 1001ADate: July 26, 2017

 

Amended and Restated Common
Stock Purchase Warrant to Purchase One Million Seven Hundred Thirty One Thousand One Hundred Four (1,731,104) Shares of Common
Stock

 

THIS IS TO CERTIFY, that, for
value received, Competitive Companies, Inc., a Nevada corporation, or registered assigns (the “Holder”), is entitled,
subject to the terms and conditions hereinafter set forth, on or after the date hereof, and at any time prior to 5 P.M., Central
Time (“CT”), on June 30, 2018, but not thereafter, to purchase such number of shares of common stock, par value $0.001
(the “Shares”), of Wytec International, Inc., a Nevada corporation (the “Company”), from the Company as
set forth above, upon payment to the Company of an amount per Share of five dollars ($5.00), provided, that the amount per Share
will be adjusted to the higher of (i) $5.00 per Share, or (ii) 85% of the average closing price of the Company’s common stock
quoted on the public securities trading market on which the Company’s common stock is then trading with the highest volume,
during the five (5) consecutive trading days immediately preceding the Measure Date, which is March 30, 2018 (if the Company’s
common stock is not then publicly trading, then the amount per Share will be $5.00) (the “Purchase Price”), if and
to the extent this Warrant is exercised, in whole or in part, during the period this Warrant remains in force, subject in all cases
to adjustment as provided in Section 2 hereof, and to receive a certificate or certificates representing the Shares so purchased,
upon presentation and surrender to the Company of this Warrant, with the form of Subscription Agreement attached hereto, including
changes thereto reasonably requested by the Company, duly executed and accompanied by payment of the Purchase Price of each Share.
This Warrant entirely amends, restates, and entirely supersedes the Holder’s original warrant number 1001, dated October
17, 2016.

 

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SECTION 1.

Terms of this Warrant

 

1.1       Time
of Exercise. This Warrant may be exercised at any time and from time to time after 9:00 A.M., CT, on the date hereof (the “Exercise
Commencement Date”), but no later than 5:00 P.M., CT on June 30, 2018 (the “Expiration Time”), at which time
this Warrant shall become void and all rights hereunder shall cease.

 

1.2       Manner
of Exercise.

 

1.2.1       The
Holder may exercise this Warrant, in whole or in part, upon surrender of this Warrant, with the form of Subscription Agreement
attached hereto duly executed, to the Company at its corporate office in San Antonio, Texas, and upon payment to the Company of
the full Purchase Price for each Share to be purchased in lawful money of the United States, or by certified or cashier’s
check, or wired funds, and upon compliance with and subject to the conditions set forth herein.

 

1.2.2       Upon
receipt of this Warrant with the form of Subscription Agreement duly executed and accompanied by payment of the aggregate Purchase
Price for the Shares for which this Warrant is then being exercised, the Company shall cause to be issued certificates for the
total number of whole Shares for which this Warrant is being exercised in such denominations as are required for delivery to the
Holder, and the Company shall thereupon deliver such certificates to the Holder or its nominee.

 

1.2.3       In
case the Holder shall exercise this Warrant with respect to less than all of the Shares that may be purchased under this Warrant,
the Company shall execute a new Warrant for the balance of the Shares that may be purchased upon exercise of this Warrant and deliver
such new Warrant to the Holder.

 

1.2.4       The
Company covenants and agrees that it will pay when due and payable any and all taxes which may be payable in respect of the issue
of this Warrant, or the issue of any Shares upon the exercise of this Warrant. The Company shall not, however, be required to pay
any tax which may be payable in respect of any transfer involved in the issuance or delivery of this Warrant or of the Shares in
a name other than that of the Holder at the time of surrender, and until the payment of such tax the Company shall not be required
to issue such Shares.

 

1.3       Exchange
of Warrant. This Warrant may be divided into, combined with or exchanged for another Warrant or Warrants of like tenor to purchase
a like aggregate number of Shares. If the Holder desires to divide, combine or exchange this Warrant, he shall make such request
in writing delivered to the Company at its corporate office and shall surrender this Warrant and any other Warrants to be so divided,
combined or exchanged. The Company shall execute and deliver to the person entitled thereto a Warrant or Warrants, as the case
may be, as so requested. The Company shall not be required to effect any division, combination or exchange which will result in
the issuance of a Warrant entitling the Holder to purchase upon exercise a fraction of a Share. The Company may require the Holder
to pay a sum sufficient to cover any tax or governmental charge that may be imposed in connection with any division, combination
or exchange of Warrants.

 

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1.4       Holder
as Owner. Prior to surrender of this Warrant in accordance with Section 1.5 for registration or assignment, the Company may
deem and treat the Holder as the absolute owner of this Warrant (notwithstanding any notation of ownership or other writing hereon)
for the purpose of any exercise hereof and for all other purposes, and the Company shall not be affected by any notice to the contrary.

 

1.5       Method
of Assignment. Any assignment or transfer of any portion or all of this Warrant shall be made by surrender of this Warrant
to the Company at its principal office with the form of assignment attached hereto duly executed and accompanied by funds sufficient
to pay any transfer tax. In such event, the Company shall, without charge, execute and deliver a new Warrant in the name of the
assignee named in such instrument of assignment and this Warrant shall promptly be canceled.

 

1.6       Rights
of Holder. Nothing contained in this Warrant shall be construed as conferring upon the Holder the right to vote, consent or
receive notice as a shareholder in respect of any meetings of shareholders for the election of directors or any other matter, or
as having any rights whatsoever as a shareholder of the Company, until Shares are duly and properly issued to the Holder upon the
exercise of this Warrant.

 

1.7       Lost
Certificates. If this Warrant is lost, stolen, mutilated or destroyed, the Company shall, on such reasonable terms as to indemnity
or otherwise as it may impose (which shall, in the case of a mutilated Warrant, include the surrender thereof), issue a new Warrant
of like denomination and tenor as, and in substitution for, this Warrant, which shall thereupon become void. Any such new Warrant
shall constitute a substituted and not an additional contractual obligation of the Company.

 

1.8       Covenants
of the Company. The Company covenants and agrees as follows:

 

1.8.1       At
all times the Company shall reserve and keep available for the exercise of this Warrant such number of authorized shares of Common
Stock as are sufficient to permit the exercise in full of this Warrant.

 

1.8.2       The
Company covenants that all Shares when issued upon the exercise of this Warrant will be validly issued, fully paid, nonassessable
and free of preemptive rights.

 

SECTION 2.

Adjustment of Purchase Price

and Number of Shares Purchasable upon
Exercise

 

2.1       Stock
Splits. If the Company at any time or from time to time after the issuance date of this Warrant effects a subdivision of the
outstanding Common Stock, the Purchase Price then in effect immediately before that subdivision shall be proportionately decreased,
and conversely, if the Company at any time or from time to time after the issuance date of this Warrant combines the outstanding
shares of Common Stock, the Purchase Price then in effect immediately before the combination shall be proportionately increased.
Any adjustment under this subsection 2.1 shall become effective at the close of business on the date the subdivision or combination
becomes effective.

 

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2.2       Dividends
and Distributions. In the event the Company at any time, or from time to time after the issuance date of this Warrant makes,
or fixes a record date for the determination of holders of Common Stock entitled to receive, a dividend or other distribution payable
in additional shares of Common Stock, then and in each such event the Purchase Price then in effect shall be decreased as of the
time of such issuance or, in the event such a record date is fixed, as of the close of business on such record date, by multiplying
the Purchase Price then in effect by a fraction (i) the numerator of which is the total number of shares of Common Stock issued
and outstanding immediately prior to the time of such issuance or the close of business on such record date, and (ii) the denominator
of which shall be the total number of shares of Common Stock issued and outstanding immediately prior to the time of such issuance
or the close of business on such record date plus the number of shares of Common Stock issuable in payment of such dividend or
distribution; provided, however, that if such record date is fixed and such dividend is not fully paid or if such distribution
is not fully made on the date fixed therefor, the Purchase Price shall be recomputed accordingly as of the close of business on
such record date and thereafter the Purchase Price shall be adjusted pursuant to this subsection 2.2 as of the time of actual payment
of such dividends or distributions.

 

2.3       Recapitalization
or Reclassification. If the Shares issuable upon the exercise of the Warrant are changed into the same or a different number
of shares of any class or classes of stock, whether by recapitalization, reclassification or otherwise (other than a subdivision
or combination of shares or stock dividend or a reorganization, merger, consolidation or sale of assets, provided for elsewhere
in this Section 2), then, and in any such event, the Holder shall thereafter be entitled to receive upon exercise of this Warrant
such number and kind of stock or other securities or property of the Company to which a holder of Shares deliverable upon exercise
of this Warrant would have been entitled on such reclassification or other change, subject to further adjustment as provided herein.

 

SECTION 3.

Status Under the Securities Act of
1933

 

This Warrant and
the Shares issuable upon exercise of this Warrant have not been registered under the Securities Act of 1933, as amended (“the
Act”). Upon exercise, in whole or in part, of this Warrant, the certificates representing the Shares shall bear the legend
first above written.

 

SECTION 4. 

Other Matters

 

4.1       Binding
Effect. All the covenants and provisions of this Warrant by or for the benefit of the Company shall bind and inure to the benefit
of its successors and assigns hereunder.

 

4.2       Notices.
Notices or demands pursuant to this Warrant to be given or made by the Holder to or on the Company shall be sufficiently given
or made if sent by certified or registered mail, return receipt requested, postage prepaid, or by email or facsimile or personal
delivery and addressed, until another address is designated in writing by the Company, as follows:

 

Wytec International, Inc.

19206 Huebner Road, Suite 202

San Antonio, Texas 78258

Telephone No.: (888) 284-4531

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Facsimile No.: (210) 404-9022

Email Address: whg@cci-us.com

Attention: William H. Gray,
President

 

Notices to the Holder
provided for in this Warrant shall be deemed given or made by the Company if sent by certified or registered mail, return receipt
requested, postage prepaid, or by facsimile or email or personal delivery and addressed to the Holder at his last known address
as it shall appear on the books of the Company.

 

4.3       Governing
Law. The validity, interpretation and performance of this Warrant shall be governed by the laws of the State of Nevada. The
venue for any legal proceedings under this Warrant will be in the appropriate forum in the County of Bexar, State of Texas.

 

4.4       Parties
Bound and Benefited. Nothing in this Warrant expressed and nothing that may be implied from any of the provisions hereof is
intended, or shall be construed, to confer upon, or give to, any person or corporation other than the Company and the Holder any
right, remedy or claim under any promise or agreement hereof, and all covenants, conditions, stipulations, promises and agreements
contained in this Warrant shall be for the sole and exclusive benefit of the Company and its successors and of the Holder, its
successors and permitted assigns.

 

4.5       Headings.
The Section headings herein are for convenience only and are not part of this Warrant and shall not affect the interpretation thereof.

 

 

IN WITNESS WHEREOF,
this Warrant has been duly executed by the Company as of July 26, 2017.

 

 

	 	WYTEC INTERNATIONAL, INC.
	 	 
	 	By:
	 	William H. Gray, President
	 	 

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ASSIGNMENT OF WARRANT

 

 

 

 

FOR VALUE RECEIVED,
_______________ hereby sells, assigns and transfers unto _____________________________ the within Warrant and the rights represented
thereby, and does hereby irrevocably constitute and appoint _______________________________ Attorney, to transfer said Warrant
on the books of the Company, with full power of substitution.

 

 

	Dated:	 
	 	 
	Signed:	 
	 	 
	Signature Guaranteed:	 

 

 

 

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SUBSCRIPTION AGREEMENT

FOR THE EXERCISE OF WARRANTS

 

The undersigned
hereby irrevocably subscribes for the purchase of _____________ Shares pursuant to and in accordance with the terms and conditions
of this Warrant, which Shares should be delivered to the undersigned at the address stated below. If said number of Shares are
not all of the Shares purchasable hereunder, a new Warrant of like tenor for the balance of the remaining Shares purchasable hereunder
should be delivered to the undersigned at the address stated below.

 

The undersigned
elects to pay the aggregate Purchase Price for such Shares in the following manner:

 

[ ]       by
the enclosed cash or check made payable to the Company in the amount of $________; or

 

[ ]       by
wire transfer of United States funds to the account of the Company in the amount of $____________, which transfer has been made
before or simultaneously with the delivery of this Notice pursuant to the instructions of the Company

 

The undersigned
agrees that: (1) the undersigned will not offer, sell, transfer or otherwise dispose of any Shares unless either (a) a registration
statement, or post-effective amendment thereto, covering the Shares has been filed with the Securities and Exchange Commission
pursuant to the Securities Act of 1933, as amended (the “Act”), such sale, transfer or other disposition is accompanied
by a prospectus meeting the requirements of Section 10 of the Act forming a part of such registration statement, or post-effective
amendment thereto, which is in effect under the Act covering the Shares to be so sold, transferred or otherwise disposed of, and
all applicable state securities laws have been complied with, or (b) counsel reasonably satisfactory to Wytec International, Inc.
has rendered an opinion in writing and addressed to Wytec International, Inc. that such proposed offer, sale, transfer or other
disposition of the Shares is exempt from the provisions of Section 5 of the Act in view of the circumstances of such proposed offer,
sale, transfer or other disposition; (2) Wytec International, Inc. may notify the transfer agent for the Shares that the certificates
for the Shares acquired by the undersigned are not to be transferred unless the transfer agent receives advice from Wytec International,
Inc. that one or both of the conditions referred to in (1)(a) and (1)(b) above have been satisfied; and (3) Wytec International,
Inc. may affix the legend set forth in Section 3 of this Warrant to the certificates for the Shares hereby subscribed for, if such
legend is applicable.

 

	Dated:	 	Signed:
	 	 	 
	Signature Guaranteed:	 	Address:
	 	 	 
	 	 	 

 

    	 	7EXHIBIT 10.5 

AMENDMENT TO STOCK PURCHASE
AGREEMENT

This Amendment
to Stock Purchase Agreement (the “First Amendment”) is made as of this 26th day of July 2017 by and among Capaciti
Networks, Inc., a Texas corporation (“Capaciti”), Competitive Companies, Inc. (“Seller”), a Nevada corporation,
and Wytec International, Inc., a Nevada corporation (the “Company”), with respect to the following facts:

RECITALS

		A.	The Company, Seller, and Capaciti have entered into that certain
Stock Purchase Agreement, dated November 17, 2016 (the “SPA”), pursuant to which the Company purchased 100% of the
total issued and outstanding stock of Capaciti in exchange for 609,603 shares of the Company’s common stock (the “Purchase
Price”).

		B.	The SPA erroneously identified the Purchase Price as 609,604 shares
of the Company’s common stock instead of 609,603 shares of the Company’s common stock.

		C.	The parties desire to correct the Purchase Price in the SPA.

		D.	The terms used in this First Amendment will have the meanings ascribed
to them in the Agreement unless otherwise defined herein.

NOW,
THEREFORE, for one dollar and other good and valuable consideration,
THE PARTIES HERETO AGREE AS FOLLOWS:

		1.	   Amendment.

The Purchase
Price is 609,603 shares of the Company’s common stock. All references in the SPA to 609,604 are hereby amended and restated
to be 609,603.

		2.	Effect of First Amendment.

The Agreement
will remain in full force and effect except as specifically modified by this First Amendment. In the event of any conflict between
the First Amendment and the Agreement, the terms of this First Amendment will govern.

		3.	Counterparts.

This First
Amendment may be executed simultaneously in any number of counterparts, each of which counterparts will be deemed to be an original
and such counterparts will constitute but one and the same instrument.

IN WITNESS
WHEREOF, this First Amendment is executed as of the date first above written.

	CAPACITI: CAPACITI NETWORKS, INC.	 	SELLER: COMPETITIVE COMPANIES, INC.
	 	 	 
	By:	 	By:
	William H. Gray, President	 	William H. Gray, President
	 	 	 
	 	 	 
	COMPANY: WYTEC INTERNATIONAL, INC.	 	 
	 	 	 
	By:	 	 
	William H. Gray, President

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