Document:

Exhibit 4.5

 Exhibit 4.5 
  

THIS WARRANT HAS BEEN ACQUIRED FOR INVESTMENT, AND NEITHER THIS WARRANT NOR THE SHARES OF COMMON STOCK PURCHASABLE UPON THE EXERCISE HEREOF, HAVE BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933. THESE SECURITIES MAY NOT BE SOLD, TRANSFERRED, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR SUCH SECURITIES UNDER THE SECURITIES ACT OF 1933, UNLESS, IN THE OPINION (WHICH
OPINION SHALL BE IN FORM AND SUBSTANCE SATISFACTORY TO THE CORPORATION) OF COUNSEL SATISFACTORY TO THE CORPORATION, SUCH REGISTRATION IS NOT REQUIRED. 
  
 WEBSITE PROS, INC. 
  
 COMMON STOCK PURCHASE WARRANT 
  
 February 14, 2002 
  
 Void After February 14, 2009 
  
 THIS CERTIFIES that, for value received, PNC Bank, National Association (“Holder”), or its registered assigns, is entitled to subscribe for and purchase from Website Pros, Inc. (the “Corporation”),
a Delaware corporation, 4,500 shares of Common Stock (the “Common Stock”) of the Corporation (subject to adjustment from time to time in accordance with Section 4 hereof), at the price of $0.01 per share (subject to adjustment from time to
time in accordance with Section 5 hereof and, as such price may from time to time be so adjusted, hereinafter called the “Warrant Price”), at any time or from time to time on and after the date hereof up to and including February 14, 2009
(such period being hereinafter the “Exercise Period”). 
  
 Section 1. Exercise of Warrant. 
  
 (a) Holder
may exercise this Warrant, in whole or in part, by presentation and surrender of this Warrant to the Corporation with the Form of Subscription annexed hereto duly executed and accompanied by payment of the full Warrant Price for each share to be
purchased. 
  
 (b) Upon receipt of this Warrant with the Form of
Subscription duly executed and accompanied by payment of the aggregate Warrant Price for the shares for which this Warrant is then being exercised, the Corporation shall cause to be issued certificates for the total number of whole shares of Common
Stock for which this Warrant is being exercised (adjusted to reflect the effect of the provisions contained in Section 4 hereof, if any) in such denominations as are requested for delivery to Holder, and the Corporation shall thereupon deliver such
certificates to Holder. Holder shall be deemed to be the holder of record of the shares of Common Stock issuable upon such exercise, notwithstanding that the stock transfer books of the Corporation shall then be closed or that certificates
representing such shares of Common Stock shall not then be actually delivered to Holder. 
  

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 (c) Notwithstanding anything to the contrary set forth herein, upon exercise of this Warrant, Holder may,
at its election, either (i) exercise this Warrant by paying to the Corporation an amount equal to the aggregate Warrant Price of the shares being purchased or (ii) receive shares of Common Stock equal to the value (as determined below) of this
Warrant, in which event the Corporation shall issue to Holder a number of shares of Common Stock computed using the following formula: 
  
 X = Y(A-B) 
    A 
  

							
	Where:	  	X	 	=	 	the number of shares to be issued to Holder.
				
	 	  	Y	 	=	 	the total number of shares purchasable under this Warrant or portion thereof being exercised.
				
	 	  	A	 	=	 	the Current Market Price of one share of the Corporation’s Common Stock.
				
	 	  	B	 	=	 	the Warrant Price then in effect.

  
 For the purpose of any computation
pursuant to this Warrant, the Current Market Price at any date of one share of Common Stock shall be deemed to be the average of the daily closing prices for the 30 consecutive business days immediately preceding the date 15 business days before the
date of such exercise (as adjusted for any stock dividend, split, combination or reclassification that took effect during such 30 business day period) or, in case no sales took place on any day in question, the last bid price on such day, in either
case on the principal national securities exchange on which the Common Stock is listed or admitted to trading (or if the Common Stock is not listed or admitted for trading on any such exchange, on any day in question, then such price as shall be
deemed to be the last bid price, quoted on the National Association of Securities Dealers Automated Quotations System (“NASDAQ”) on such day, or if, on any day in question, the Common Stock shall not be quoted on the NASDAQ, then such
price shall be deemed to be the last reported bid price on such day as reported by the National Quotation Bureau, Inc., or any similar reputable quotation and reporting service if such quotation is not reported by the National Quotation Bureau,
Inc.); provided, however, that if the Common Stock is not traded in such manner that the quotations referred to in this paragraph are available for the period required hereunder, the Current Market Price shall be determined in good faith by at least
a majority of the Board of Directors of the Corporation, or, if such determination cannot be made, by a nationally recognized independent investment banking firm selected by the Board of Directors of the Corporation (or if such selection cannot be
made, by a nationally recognized independent investment banking firm selected by the American Arbitration Association in accordance with its rules); provided further, that, if the Common Stock is listed on any national securities exchange, the term
“business days,” as used in this paragraph, shall mean business days on which such exchange is open for trading. 
  

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 (d) In case Holder shall exercise this Warrant with respect to less than all of the shares that may be
purchased under this Warrant, the Corporation shall execute a new warrant in the form of this Warrant for the balance of such shares and deliver such new warrant to Holder. 
  
 Section 2. Reservation of Shares. The Corporation hereby agrees that at all times there shall be reserved for
issuance and delivery upon exercise of this Warrant such number of shares of Common Stock or other shares of capital stock of the Corporation from time to time issuable upon exercise of this Warrant. All such shares shall be duly authorized, and
when issued upon such exercise, shall be validly issued, fully paid and nonassessable, free and clear of all liens, security interests, charges and other encumbrances or restrictions on sale and free and clear of all preemptive rights. 

 
 Section 3. Covenants as to Common Stock. The Corporation covenants
and agrees that all shares of Common Stock that may be issued upon the exercise of the rights represented by this Warrant will, upon issuance, be validly issued, fully paid and non-assessable, with no personal liability attaching to the ownership
thereof, and free from all taxes, liens and charges with respect to the issue thereof. Without limiting the generality of the foregoing, the Corporation covenants that it will from time to time take all such other action as may be requisite to
assure that the stated or par value per share of the Common Stock is at all times equal to or less than the then effective Warrant Price per share of the Common Stock issuable upon exercise of this Warrant. The Corporation further covenants and
agrees that the Corporation will at all times have authorized and reserved, free from preemptive rights, a sufficient number of shares of its Common Stock to provide for the exercise of the rights represented by this Warrant. The Corporation further
covenants and agrees that if any shares of capital stock to be reserved for the purpose of the issuance of shares upon the exercise of this Warrant require registration with or approval of any governmental authority under any federal or state law
before such shares may be validly issued or delivered upon exercise, the Corporation will in good faith as expeditiously as possible endeavor to secure such registration or approval, as the case may be. If and as long as the Common Stock issuable
upon the exercise of this Warrant is listed on any national securities exchange, the Corporation will, if permitted by the rules of such exchange, list and keep listed on such exchange, upon official notice of issuance, all shares of such Common
Stock issuable upon exercise of this Warrant. 
  
 Section 4.
Adjustment of Number of Shares. Upon each adjustment of the Warrant Price as provided in Section 5, the holder of this Warrant shall thereafter be entitled to purchase, at the Warrant Price resulting from such adjustment, the number of shares
obtained by multiplying the Warrant Price in effect immediately prior to such adjustment by the number of shares purchasable pursuant hereto immediately prior to such adjustment and dividing the product thereof by the Warrant Price resulting from
such adjustment. 
  
 Section 5. Adjustment of Warrant
Price. The Warrant Price shall be subject to adjustment from time to time as follows: 
  
 (a) If, at any time during the Exercise Period, the number of shares of Common Stock outstanding is increased by a stock dividend payable in shares of
Common Stock or by a 
  

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 subdivision or split-up of shares of Common Stock, then, immediately following the record date fixed for the
determination of holders of Common Stock entitled to receive such stock dividend, subdivision or split-up, the Warrant Price shall be appropriately decreased so that the number of shares of Common Stock issuable upon the exercise hereof shall be
increased in proportion to such increase in outstanding shares. 
  
 (b) If, at any time during the Exercise Period, the number of shares of Common Stock outstanding is decreased by a combination of the outstanding shares of Common Stock, then, immediately following the record date for such combination, the
Warrant Price shall be appropriately increased so that the number of shares of Common Stock issuable upon the exercise hereof shall be decreased in proportion to such decrease in outstanding shares. 
  
 (c) In case, at any time during the Exercise Period, the Corporation shall
declare a cash dividend upon its Common Stock payable otherwise than out of earnings or earned surplus or shall distribute to holders of its Common Stock shares of its capital stock (other than Common Stock), stock or other securities of other
persons, evidences of indebtedness issued by the Corporation or other persons, assets (excluding cash dividends and distributions) or options or rights (excluding options to purchase and rights to subscribe for Common Stock or other securities of
the Corporation convertible into or exchangeable for Common Stock), then, in each such case, immediately following the record date fixed for the determination of the holders of Common Stock entitled to receive such dividend or distribution, the
Warrant Price in effect thereafter shall be determined by multiplying the Warrant Price in effect immediately prior to such record date by a fraction of which the numerator shall be an amount equal to the remainder of (x) the Current Market Price
(prior to the payment of such dividend or the making of such distribution) of one share of Common Stock less (y) the fair market value per share of Common Stock (as determined by the Board of Directors, whose determination shall be conclusive) of
the stock, securities, evidences of indebtedness, assets, options or rights so distributed in respect of one share of Common Stock, and of which the denominator shall be such Current Market Price. Such adjustment shall be made on the date such
dividend or distribution is made, and shall become effective at the opening of business on the business day next following the record date for the determination of stockholders entitled to such dividend or distribution. 
  
 (d) In case, at any time during the Exercise Period, of any capital
reorganization,, or any reclassification of the stock of the Corporation (other than a change in par value or from par value to no par value or from no par value to par value or as a result of a stock dividend or subdivision, split-up or combination
of shares), or the consolidation or merger of the Corporation with or into another corporation (other than a consolidation or merger in which the Corporation is the continuing corporation and which does not result in any change in the Common Stock)
or of the sale of all or substantially all the properties and assets of the Corporation as an entirety to any other corporation or person, this Warrant shall, after such reorganization, reclassification, consolidation, merger or sale, be exercisable
for the kind and number of shares of stock or other securities or property of the Corporation or of the Corporation resulting from such consolidation or surviving such merger or to which such properties and assets shall have been sold to which such
holder would have been entitled if he had held the Common Stock issuable upon the exercise hereof immediately prior to such reorganization, reclassification, consolidation, merger or sale. The provisions of this subsection (d) shall similarly apply
to successive reorganizations, reclassifications, consolidations, mergers and sales. 
  

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 (e) Whenever the Warrant Price shall be adjusted as provided in this Section 5, the Corporation shall
forthwith prepare a statement showing the facts requiring such adjustment and the Warrant Price that shall be in effect after such adjustment. The Corporation shall cause a copy of such statement to be sent by first class mail, postage prepaid, to
the holder of this Warrant at its address appearing on the Corporation’s records. 
  
 (f) The sale or other disposition of any Common Stock theretofore held in the treasury of the Corporation shall be deemed to be an issuance thereof. 
  
 (g) The Corporation shall pay all documentary, stamp or other taxes attributable to the issuance or delivery of shares of
capital stock of the Corporation upon exercise of all or any part of this Warrant; provided, however, that the Corporation shall not be required to pay any taxes which may be payable in respect of any transfer involved in the issuance or delivery of
any certificate for such shares in a name other than that of the holder of this Warrant. 
  
 Section 6. Piggyback Registration Rights. At such time as the Corporation completes its next round of equity financing and provides such investors with piggyback registration rights, the Corporation hereby
covenants to use its best efforts to grant to the Holder of this Warrant piggyback registration rights on the same terms and conditions as granted to the other investors in connection with such financing. 
  
 Section 7. Transfer of Warrant. This Warrant and all rights hereunder
are transferable, in whole or in part at the office of the Corporation by the holder hereof in person or by its duly authorized attorney, upon surrender of this Warrant properly endorsed. Each taker and holder of this Warrant, by taking or holding
the same, consents and agrees that this Warrant, when so endorsed in blank, shall be deemed negotiable, and, when so endorsed the holder hereof may be treated by the Corporation and all other persons dealing with this Warrant as the absolute owner
hereof for any purposes and as the person entitled to exercise the rights represented by this Warrant, or to the transfer hereof on the books of the Corporation, any notice to the contrary notwithstanding; provided, however, that until each such
transfer on such books, the Corporation may treat the registered holder hereof as the owner hereof for all purposes. Any transferee in accordance with this Section 7 shall be deemed a “Holder”. 
  
 Section 8. Exchange of Warrant. This Warrant is exchangeable,
upon the surrender hereof by the holder hereof at the office of the Corporation for new Warrants of like tenor representing in the aggregate the rights to subscribe for and purchase the number of shares that may be subscribed for and purchased
hereunder, each of such new Warrants to represent the right to subscribe for and purchase such number of shares as shall be designated by said holder hereof at the time of such surrender. 
  
 Section 9. Fractional Shares. Fractional shares shall not be issued upon the exercise of this Warrant, but in any
case where the holder hereof would, except for the provisions of this Section 9, be entitled under the terms hereof to receive a fraction of a share upon the exercise of this Warrant, the Corporation shall, upon the exercise of this Warrant, pay a
sum in cash equal to the product obtained by multiplying such fraction by the Current Market Price. 
  

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 Section 10. Lost, Stolen, Mutilated or Destroyed Warrant. If this Warrant is lost, stolen,
mutilated or destroyed, the Corporation may, on such terms as to indemnity or otherwise as it may in its discretion impose (which shall, in the case of a mutilated Warrant, include the surrender thereof), issue a new Warrant of like denomination and
tenor as the Warrant so lost, stolen, mutilated or destroyed. Any such new Warrant shall constitute an original contractual obligation of the Corporation, whether or not the allegedly lost, stolen, mutilated or destroyed Warrant shall be at any time
enforceable by anyone. 
  
 Section 11. Notices. Any
notice, demand or delivery pursuant to the provisions hereof shall be sufficiently given or made if sent by registered or certified mail, postage prepaid, or overnight delivery service, addressed to Holder at PNC Bank, National Association, Special
Assets Division, 1600 Market Street, 11th Floor, Philadelphia, Pennsylvania 19103; Attention Steven McGehrin, Vice President, and addressed to the Corporation at Website Pros, Inc., 12735 Gran Bay Parkway West, Building 200, Jacksonville, Florida
32258; Attention: Chief Financial Officer, or such other address as shall have been furnished to the party giving or making such notice demand or delivery. 
  
 Section 12. Miscellaneous. This Warrant shall be governed by the internal law, but not the law of conflicts, of the Commonwealth of Pennsylvania.
The headings in this Warrant are for purposes of convenience and reference only and shall not be deemed to constitute a part hereof. Neither this Warrant nor any term hereof may be changed, waived, discharged or terminated except by an instrument in
writing signed by the Corporation and the registered Holder. The invalidity or unenforceability of any provision hereof shall in no way affect the validity or enforceability of any other provision. 
  

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 IN WITNESS WHEREOF, Website Pros, Inc. has caused this Warrant to be executed by its duly authorized
officer and issued as of the date first set written above. 
  

			
	WEBSITE PROS, INC.
		
	 By:
	 	 David L. Brown

	 Title:
	 	President & CEO

  

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 FORM OF SUBSCRIPTION 
  
 To Website Pros, Inc.: 
  
 The undersigned, the holder of the within Warrant, hereby irrevocably elects to exercise the purchase right represented by such Warrant for, and to
purchase thereunder,              shares of Common Stock of Website Pros, Inc. and herewith tenders payment of
$             in full payment of the purchase price for such shares, and requests that the certificates for such shares be issued in the name of, and delivered to, PNC Bank, National
Association. 
  

					
	Dated:                     	 	PNC BANK, NATIONAL ASSOCIATION
			
	 	 	By:	 	  

	 	 	Title:	 	  

		
	 	 	  

	 	 	(Address)

  

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 FORM OF ASSIGNMENT 
  
 For value received, the undersigned hereby sells, assigns and transfers unto
                    , all of the rights represented by the within Warrant to purchase
             shares of Common Stock of Website Pros, Inc. to which the within Warrant relates, and appoints
                     Attorney to transfer such right on the books of Website Pros, Inc. with full power of substitution in the premises.

  

					
	Dated:                     	 	PNC BANK, NATIONAL ASSOCIATION
			
	 	 	By:	 	  

	 	 	Title:	 	  

	 	 	  

	 	 	(Address)
			
	Signed in the presence of:	 	 	 	 
			
	  

	 	 	 	 

  

 -9-Exhibit 4.6

 Exhibit 4.6 
  

THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AND HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO,
OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF. NO SUCH SALE OR DISTRIBUTION MAY BE EFFECTED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR AN OPINION OF COUNSEL THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE SECURITIES
ACT OF 1933. 
  

					
	 	  	 	  	Number of Shares: 1,042,028
	Date of Issuance: Dec. 10, 2003	  	 	  	(subject to adjustment)

  
 WEBSITE PROS, INC.

  
 Series A Preferred Stock Purchase Warrant

  
 Website Pros, Inc., a Delaware corporation (the
“Company”), for value received, hereby certifies that Friedman Billings Ramsey & Co., Inc., or its registered assigns (the “Registered Holder”), is entitled, subject to the terms set forth below, to purchase
from the Company, at any time after the date hereof and on or before the Expiration Date (as defined in Section 5 below), up to 1,042,028 shares of Series A Convertible Redeemable Preferred Stock of the Company, par value $0.001 per share
(“Preferred Stock”), at a purchase price of $0.5758 per share. The shares purchasable upon exercise of this Warrant and the purchase price per share, as adjusted from time to time pursuant to the provisions of this Warrant, are
hereinafter referred to as the “Warrant Stock” and the “Purchase Price,” respectively. 
  
 This Warrant is issued pursuant to that certain letter agreement dated June 24, 2003 by and between the Company and Friedman Billings Ramsey & Co.,
Inc. and in connection with the closing of the sale and issuance by the Company of shares of Preferred Stock. 
  
 1. Exercise. 
  
 (a) Manner of Exercise. This Warrant may be exercised at any time by the Registered Holder, in whole or in part, by surrendering this
Warrant, with the purchase/exercise form appended hereto as Exhibit A duly executed by such Registered Holder or by such Registered Holder’s duly authorized attorney, at the principal office of the Company, or at such other office or
agency as the Company may designate, accompanied by payment in full of the Purchase Price payable in respect of the number of shares of Warrant Stock purchased upon such exercise. The Purchase Price may be paid by cash, check, wire transfer, by the
surrender of promissory notes or other instruments representing indebtedness of the Company to the Registered Holder or pursuant to a “Net Issue Exercise” as set forth in Section 1(c). 
  
 (b) Effective Time of Exercise. Each exercise of this Warrant
shall be deemed to have been effected immediately prior to the close of business on the day on which this Warrant shall have been surrendered to the Company as provided in Section 1(a) above. At such time, the person or persons in whose name or
names any certificates for Warrant Stock shall be issuable upon such exercise as provided in Section 1(d) below shall be deemed to have become the holder or holders of record of the Warrant Stock represented by such certificates. 

 (c) Net Issue Exercise. 
  
 (i) The Registered Holder may exercise this Warrant by electing to receive shares equal to the value of this Warrant (or
the portion thereof being canceled) by surrender of this Warrant at the principal office of the Company together with notice of such election on the purchase/exercise form appended hereto as Exhibit A duly executed by such Registered Holder
or such Registered Holder’s duly authorized attorney, in which event the Company shall issue to such Holder a number of shares of Warrant Stock computed using the following formula: 
  
                             X =     Y (A - B) 
                                     A 
  

							
	Where	  	X	  	=	  	The number of shares of Warrant Stock to be issued to the Registered Holder.
				
	 	  	Y	  	=	  	The number of shares of Warrant Stock purchasable under this Warrant (at the date of such calculation).
				
	 	  	A	  	=	  	The fair market value of one share of Warrant Stock (at the date of such calculation).
				
	 	  	B	  	=	  	The Purchase Price (as adjusted to the date of such calculation).

  
 (ii) For purposes of
this Section 1(c), the fair market value of Warrant Stock on the date of calculation shall mean with respect to each share of Warrant Stock: 
  
 (A) if the exercise is in connection with an initial public offering of the Company’s Common Stock, and if the Company’s Registration Statement
relating to such public offering has been declared effective by the Securities and Exchange Commission, then the fair market value shall be the product of (x) the initial “Price to Public” per share specified in the final prospectus with
respect to the offering and (y) the number of shares of Common Stock into which each share of Warrant Stock is convertible at the date of calculation; 
  
 (B) if this Warrant is exercised after, and not in connection with, the Company’s initial public offering, and if the Company’s Common Stock is
traded on a securities exchange or The Nasdaq Stock Market or actively traded over-the-counter: 
  
 (1) if the Company’s Common Stock is traded on a securities exchange or The Nasdaq Stock Market, the fair market value shall be deemed to be the
product of (x) the average of the closing prices over a thirty (30) day period ending three days before date of calculation and (y) the number of shares of Common Stock into which each share of Warrant Stock is convertible on such date; or

  

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 (2) if the Company’s Common Stock is actively traded over-the-counter, the fair market value shall
be deemed to be the product of (x) the average of the closing bid or sales price (whichever is applicable) over the thirty (30) day period ending three days before the date of calculation and (y) the number of shares of Common Stock into which each
share of Warrant Stock is convertible on such date; or 
  
 (C) if
neither (A) nor (B) is applicable, the fair market value of Warrant Stock shall be at the highest price per share which the Company could obtain on the date of calculation from a willing buyer (not a current employee or director) for shares of
Warrant Stock sold by the Company, from authorized but unissued shares, as determined in good faith by the Board of Directors. 
  
 (d) Delivery to Holder. As soon as practicable after the exercise of this Warrant in whole or in part, and in any event within ten
(10) days thereafter, the Company at its expense will cause to be issued in the name of, and delivered to, the Registered Holder, or as such Holder (upon payment by such Holder of any applicable transfer taxes) may direct: 
  
 (i) a certificate or certificates for the number of shares of Warrant Stock
to which such Registered Holder shall be entitled, and 
  
 (ii)
in case such exercise is in part only, a new warrant or warrants (dated the date hereof) of like tenor, calling in the aggregate on the face or faces thereof for the number of shares of Warrant Stock equal (without giving effect to any adjustment
therein) to the number of such shares called for on the face of this Warrant minus the number of such shares purchased by the Registered Holder upon such exercise as provided in Section 1(a) or 1(c) above. 
  
 2. Adjustments. 
  
 (a) Redemption or Conversion of Preferred Stock. If all of the
Preferred Stock is redeemed or converted into shares of Common Stock, then this Warrant shall automatically become exercisable for that number of shares of Common Stock equal to the number of shares of Common Stock that would have been received if
this Warrant had been exercised in full and the shares of Preferred Stock received thereupon had been simultaneously converted into shares of Common Stock immediately prior to such event, and the Purchase Price shall be automatically adjusted to
equal the number obtained by dividing (i) the aggregate Purchase Price of the shares of Preferred Stock for which this Warrant was exercisable immediately prior to such redemption or conversion, by (ii) the number of shares of Common Stock for which
this Warrant is exercisable immediately after such redemption or conversion. 
  
 (b) Stock Splits. If outstanding shares of the Company’s Preferred Stock shall be subdivided into a greater number of shares, the Purchase Price in effect immediately prior to such
subdivision shall simultaneously with the effectiveness of such subdivision be proportionately reduced. If outstanding shares of Preferred Stock shall be combined into a smaller number of shares, the Purchase Price in effect immediately prior to
such combination shall, simultaneously with the effectiveness of such combination, be proportionately increased. When any adjustment is required to be made in the Purchase Price, the number of shares of 
  

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 Warrant Stock purchasable upon the exercise of this Warrant shall be changed to the number determined by dividing (i) an
amount equal to the number of shares issuable upon the exercise of this Warrant immediately prior to such adjustment, multiplied by the Purchase Price in effect immediately prior to such adjustment, by (ii) the Purchase Price in effect immediately
after such adjustment. 
  
 (c) Adjustments for Dividends in
Stock or Other Securities or Property. If the holders of the securities as to which purchase rights under this Warrant exist at the time shall have received, or, on or after the record date fixed for the determination of eligible
stockholders, shall have become entitled to receive, without payment therefore, other or additional stock or other securities or property (other than cash) of the Company by way of dividend, then and in each case, this Warrant shall represent the
right to acquire, in addition to the number of shares of the security receivable upon exercise of this Warrant, and without payment of any additional consideration therefore, the amount of such other or additional stock or other securities or
property (other than cash) of the Company that such holder would hold on the date of such exercise had it been the holder of record of the security receivable upon exercise of this Warrant on the date hereof and had thereafter, during the period
from the date hereof to and including the date of such exercise, retained such shares and/or all other additional stock available by it as aforesaid during such period, giving effect to all adjustments called for during such period by the provisions
of this Section 2. 
  
 (d) Reclassification,
Etc. In case there occurs any reclassification or change of the outstanding securities of the Company or of any reorganization or merger of the Company (or any other corporation the stock or securities of which are at the time
receivable upon the exercise of this Warrant) or any similar corporate reorganization on or after the date hereof, then and in each such case the Registered Holder, upon the exercise hereof at any time after the consummation of such
reclassification, change, reorganization or merger shall be entitled to receive, in lieu of the stock or other securities and property receivable upon the exercise hereof prior to such consummation, the stock or other securities or property to which
such Holder would have been entitled upon such consummation if such Holder had exercised this Warrant immediately prior thereto, all subject to further adjustment pursuant to the provisions of this Section 2. 
  
 (e) Adjustment Certificate. When any adjustment is
required to be made in the Warrant Stock or the Purchase Price pursuant to this Section 2, the Company shall promptly mail to the Registered Holder a certificate setting forth (i) a brief statement of the facts requiring such adjustment, (ii) the
Purchase Price after such adjustment and (iii) the kind and amount of stock or other securities or property into which this Warrant shall be exercisable after such adjustment. 
  
 (f) Acknowledgement. In order to avoid doubt, it is acknowledged that the holder of this Warrant shall
be entitled to the benefit of all adjustments in the number of shares of Common Stock of the Company issuable upon conversion of the Preferred Stock of the Company which occur prior to the exercise of this Warrant, including without limitation, any
increase in the number of shares of Common Stock issuable upon conversion as a result of a dilutive issuance of capital stock. 
  

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 3. Transfers. 
  
 (a) Unregistered Security. Each holder of this Warrant acknowledges that this Warrant, the Warrant Stock and
the Common Stock of the Company have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), and agrees not to sell, pledge, distribute, offer for sale, transfer or otherwise dispose of this Warrant,
any Warrant Stock issued upon its exercise or any Common Stock issued upon conversion of the Warrant Stock in the absence of (i) an effective registration statement under the Act as to this Warrant, such Warrant Stock or such Common Stock and
registration or qualification of this Warrant, such Warrant Stock or such Common Stock under any applicable U.S. federal or state securities law then in effect, or (ii) an opinion of counsel that such registration and qualification are not required.
Each certificate or other instrument for Warrant Stock issued upon the exercise of this Warrant shall bear a legend substantially to the foregoing effect. 
  
 (b) Transferability. Subject to the provisions of Section 3(a) hereof, this Warrant and all rights hereunder are transferable, in whole or
in part, upon surrender of the Warrant with a properly executed assignment (in the form of Exhibit B hereto) at the principal office of the Company. 
  
 (c) Warrant Register. The Company will maintain a register containing the names and addresses of the Registered Holders of this Warrant.
Until any transfer of this Warrant is made in the warrant register, the Company may treat the Registered Holder of this Warrant as the absolute owner hereof for all purposes; provided, however, that if this Warrant is properly assigned
in blank, the Company may (but shall not be required to) treat the bearer hereof as the absolute owner hereof for all purposes, notwithstanding any notice to the contrary. Any Registered Holder may change such Registered Holder’s address as
shown on the warrant register by written notice to the Company requesting such change. 
  
 4. No Impairment. Except as may be consented to or waived by the Registered Holder, the Company will not, by amendment of its charter or through reorganization, consolidation, merger, dissolution, sale
of assets or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms of this Warrant, but will (subject to Section 15 below) at all times in good faith assist in the carrying out of all such terms and in
the taking of all such action as may be necessary or appropriate in order to protect the rights of the holder of this Warrant against impairment. 
  
 5. Termination. This Warrant (and the right to purchase securities upon exercise hereof) shall terminate at 5:00 eastern standard time on
December 10, 2008. 
  
 6. Notices of Certain
Transactions. In case: 
  
 (a) the Company shall take a
record of the holders of its Preferred Stock (or other stock or securities at the time deliverable upon the exercise of this Warrant) for the purpose of entitling or enabling them to receive any dividend or other distribution, or to receive any
right to subscribe for or purchase any shares of stock of any class or any other securities, or to receive any other right, to subscribe for or purchase any shares of stock of any class or any other securities, or to receive any other right,

  

 -5- 

 (b) of any capital reorganization of the Company, any reclassification of the capital stock of the
Company, any consolidation or merger of the Company, any consolidation or merger of the Company with or into another corporation (other than a consolidation or merger in which the Company is the surviving entity), or any transfer of all or
substantially all of the assets of the Company, 
  
 (c) of the
voluntary or involuntary dissolution, liquidation or winding-up of the Company, or 
  
 (d) of any redemption of the Preferred Stock or mandatory conversion of the Preferred Stock into Common Stock of the Company, 
  
 then, and in each such case, the Company will mail or cause to be mailed to the Registered Holder of this Warrant a notice specifying, as the case may be, (i) the date on
which a record is to be taken for the purpose of such dividend, distribution or right, and stating the amount and character of such dividend, distribution or right, or (ii) the effective date on which such reorganization, reclassification,
consolidation, merger, transfer, dissolution, liquidation, winding-up, redemption or conversion is to take place, and the time, if any is to be fixed, as of which the holders of record of Preferred Stock (or such other stock or securities at the
time deliverable upon such reorganization, reclassification, consolidation, merger, transfer, dissolution, liquidation, winding-up, redemption or conversion) are to be determined. Such notice shall be mailed at least ten (10) days prior to the
record date or effective date for the event specified in such notice. 
  
 7. Reservation of Stock; Valid Issuance. The Company will at all times reserve and keep available, solely for the issuance and delivery upon the exercise of this Warrant, such shares of Warrant Stock and other stock,
securities and property, as from time to time shall be issuable upon the exercise of this Warrant. The Company covenants and agrees that (i) all Warrant Stock that may be issued upon exercise of this Warrant will, upon issuance and payment therefor,
be legally and validly issued and outstanding, fully paid and nonassessable and (ii) the issuance of such Warrant Stock will not be subject to preemptive or other similar contractual rights of any stockholder of the Company. 
  
 8. Exchange of Warrants. Upon the surrender by the
Registered Holder of any Warrant or Warrants, properly endorsed, to the Company at the principal office of the Company, the Company will, subject to the provisions of Section 3 hereof, issue and deliver to or upon the order of such Holder, at the
Company’s expense, a new Warrant or Warrants of like tenor, in the name of such Registered Holder or as such Registered Holder (upon payment by such Registered Holder of any applicable transfer taxes) may direct, calling in the aggregate on the
face or faces thereof for the number of shares of Preferred Stock called for on the face or faces of the Warrant or Warrants so surrendered. 
  

 -6- 

 9. Replacement of Warrants. Upon receipt of evidence reasonably satisfactory to the Company
of the loss, theft, destruction or mutilation of this Warrant and (in the case of loss, theft or destruction) upon delivery of an indemnity agreement (with surety if reasonably required) in an amount reasonably satisfactory to the Company, or (in
the case of mutilation) upon surrender and cancellation of this Warrant, the Company will issue, in lieu thereof, a new Warrant of like tenor. 
  
 10. Mailing of Notices. Any notice required or permitted pursuant to this Warrant shall be in writing and shall be deemed sufficient upon
receipt, when delivered personally or sent by courier, overnight delivery service or confirmed facsimile, or forty-eight (48) hours after being deposited in the regular mail, as certified or registered mail (airmail if sent internationally), with
postage prepaid, addressed (a) if to the Registered Holder, to the address of the Registered Holder most recently furnished in writing to the Company and (b) if to the Company, to the address set forth below or subsequently modified by written
notice to the Registered Holder. 
  
 11. No Rights as
Stockholder. Until the exercise of this Warrant, the Registered Holder of this Warrant shall not have or exercise any rights by virtue hereof as a Stockholder of the Company. 
  
 12. No Fractional Shares. No fractional shares of
Preferred Stock will be issued in connection with any exercise hereunder. In lieu of any fractional shares which would otherwise be issuable, the Company shall pay cash equal to the product of such fraction multiplied by the fair market value of one
share of Preferred Stock on the date of exercise, as determined in good faith by the Company’s Board of Directors. 
  
 13. Representations of the Company. The Company represents that all corporate actions on the part of the Company, its officers, directors
and stockholders necessary for the sale and issuance of this Warrant have been taken. 
  
 14. Representations and Warranties by the Registered Holder. The Registered Holder represents and warrants to the Company as follows: 
  
 (a) The Warrant is, the Preferred Stock will be, and the Common Stock issuable upon conversion of the Preferred Stock
(collectively, the Warrant, the Preferred Stock and the Common Stock issuable upon conversion of the Preferred Stock, the “Securities”) will be acquired for investment and not with a view to the sale or distribution of any part
thereof, and the Registered Holder has no present intention of selling or engaging in any public distribution of the same except pursuant to a registration or exemption pursuant to the Securities Act. 
  
 (b) The Registered Holder understands (i) that the Securities are not
registered under the Securities Act or qualified under applicable state securities laws on the ground that the issuance contemplated by this Warrant will be exempt from the registration and qualifications requirements thereof pursuant to Section
4(2) of the Securities Act and any applicable state securities laws, and (ii) that the Company’s reliance on such exemption is predicated on the representations set forth in this Section 14. 
  

 -7- 

 (c) The Registered Holder has such knowledge and experience in financial and business matters as to be
capable of evaluating the merits and risks of its investment, and has the ability to bear the economic risks of its investment. 
  
 (d) The Registered Holder is an “accredited investor” within the meaning of Rule 501 of Regulation D under the Securities Act, as presently in
effect. 
  
 15. Amendment or Waiver. Any term of
this Warrant may be amended or waived upon written consent of the Company and the Registered Holder. 
  
 16. Registration Rights. The Registered Holder shall be entitled to registration rights with respect to the Common Stock of the Company
issuable upon conversion of the Preferred Stock issuable upon exercise of this Warrant as set forth in that certain Investors’ Rights Agreement, dated as of December 10, 2003, as the same may be amended from time to time. 
  
 17. Headings. The headings in this Warrant are for purposes of
reference only and shall not limit or otherwise affect the meaning of any provision of this Warrant. 
  
 18. Governing Law. This Warrant shall be governed, construed and interpreted in accordance with the laws of the State of Delaware, without
giving effect to principles of conflicts of law. 
  
 [SIGNATURE
PAGE FOLLOWS] 
  

 -8- 

 This Warrant is issued as of the date first written above. 
  

			
	WEBSITE PROS, INC.
		
	By	 	 /s/ David L. Brown

	Address:	 	 12735 Gran Bay Parkway West, Building 200
 Jacksonville, FL 32258

		
	Fax Number:	 	(904) 880-0350

  

			
	 Accepted:

	
	FRIEDMAN BILLINGS RAMSEY & CO., INC.
		
	 By:
	 	  

	 Name:
	 	 
	 Title:
	 	 

  
 SIGNATURE PAGE TO
SERIES A PREFERRED STOCK PURCHASE WARRANT 

 This Warrant is issued as of the date first written above. 
  

			
	WEBSITE PROS, INC.
		
	By	 	  

	Address:	 	 12735 Gran Bay Parkway West,
 Building 200

Jacksonville, FL 32258

		
	Fax Number:	 	(904) 880-0350

  
 Accepted: 
  

			
	FRIEDMAN BILLINGS RAMSEY & CO., INC.
		
	 By:
	 	 /s/ PHILIP J. FACCHINA

	 Name:
	 	PHILIP J. FACCHINA
	 Title:
	 	SR. MANAGING DIRECTOR

  
 SIGNATURE PAGE TO
SERIES A PREFERRED STOCK PURCHASE WARRANT 

 EXHIBIT A 
  

PURCHASE/EXERCISE FORM 
  

					
	 To:
	  	Website Pros, Inc.	  	 Dated:

  
 The undersigned,
pursuant to the provisions set forth in the attached Warrant, hereby irrevocably elects to: 
  
                  (a) purchase              shares of the
Preferred Stock covered by such Warrant and herewith makes payment of $             , representing the full purchase price for such shares at the price per share provided for in such
Warrant, or 
  
                  (b) exercise such Warrant for              shares purchasable under
the Warrant pursuant to the Net Issue Exercise provisions of Section 1(c) of such Warrant. 
  

	
	 Signature:

	 Name (print):

	 Title (if applic.)

	 Company (if applic.):

 EXHIBIT B 
  

ASSIGNMENT FORM 
  
 FOR VALUE RECEIVED,
                                        
                                        
         hereby sells, assigns and transfers all of the rights of the undersigned under the attached Warrant with respect to the number of shares of Series A Convertible Redeemable Preferred Stock covered
thereby set forth below, unto: 
  

					
	 Name of Assignee

	 	 Address/Fax Number

	 	 No. of Shares

  
  
  
  
  
  

					
	 Dated:
                    
	  	Signature:	  	  

	 	  	 	  	  

	 	  	Witness:

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