Document:

$100,000,000 Note due March 31, 2012.

 Exhibit 4.1 
 EXECUTION VERSION 
 THIS SUBORDINATED NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES. THIS SUBORDINATED NOTE MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED, HYPOTHECATED, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR THE NOTE UNDER
APPLICABLE SECURITIES LAWS OR UNLESS OFFERED, SOLD, PLEDGED, HYPOTHECATED OR TRANSFERRED PURSUANT TO AN AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THOSE LAWS. THE ISSUER SHALL BE ENTITLED TO REQUIRE AN OPINION OF COUNSEL SATISFACTORY
TO THE ISSUER THAT SUCH REGISTRATION IS NOT REQUIRED. 
 THE RIGHT OF THE HOLDER OF THIS SUBORDINATED NOTE TO RECEIVE ANY AND ALL
PAYMENTS HEREUNDER IS SUBJECT AND SUBORDINATED IN RIGHT OF PAYMENT TO THE ISSUER’S SENIOR DEBT TO THE EXTENT AND IN THE MANNER SET FORTH IN SECTION 3 OF THIS SUBORDINATED NOTE. 
 JARDEN CORPORATION 
 SUBORDINATED 
 NOTE 
  

			
	 Issuance Date: April 6, 2007
	 	$100,000,000

 For value received, Jarden Corporation, a Delaware corporation (the
“Issuer”), hereby promises to pay to Pure Fishing Holdings, LLC, or its permitted and registered assigns (the “Holder”), the principal amount of One Hundred Million Dollars ($100,000,000) together with
interest thereon from the date set out above as the Issuance Date (the “Issuance Date”) until the date such amount becomes due and payable in accordance with the provisions of this Subordinated Note (the
“Note”). 
 This Note was issued pursuant to that certain Stock Purchase Agreement, dated as of April 6, 2007
(as amended and modified from time to time, the “Purchase Agreement”), by and among the Issuer, the Holder, Outdoor Technologies Corp and certain other parties described therein. The Purchase Agreement contains terms and
conditions governing the Note and the rights of the Holder, and all such provisions of the Purchase Agreement are hereby incorporated herein in full by this reference, including, without limitation, the Holder’s representations and warranties
as to its investment intent. Except as defined in Section 7 or unless otherwise indicated herein, capitalized terms used in this Note shall have the same meanings ascribed to such terms in the Purchase Agreement. 
 Section 1. Payment of Interest. Except as otherwise expressly provided in Section 4(b), interest shall accrue on the unpaid
principal amount of this Note outstanding from time to time and, to the extent permitted by applicable law, on any interest which has not been paid on the date on which it is due and payable, at a rate per annum equal to two percent 

 
(2.0%) (the “Interest Rate”). Interest on this Note shall be computed on the basis of a 360-day year of twelve, thirty-day months.
Subject to Section 3, the Issuer shall pay to the Holder in cash all accrued and unpaid interest on this Note, in arrears, on the first Business Day of each month, beginning May 1, 2007. Any accrued interest which for any reason has
not theretofore been paid shall be paid in full on the date on which the final principal payment on this Note is made. 
 Section 2.
Payment of Principal on Note. 
 (a) Maturity. The Issuer shall pay to the Holder the aggregate principal amount of this Note
then outstanding on March 31, 2012 (the “Maturity Date”), together with all accrued and unpaid interest thereon. 
 (b) Prepayment. The Issuer may not prepay this Note at any time except as provided in Section 5 herein. 
 Section 3. Subordination. 
 (a) Extent of Subordination. All amounts (including all principal, interest, premiums
and other payments) payable by the Issuer under this Note are and shall be subordinate and junior in right of payment to the prior payment in full of Senior Debt (as defined herein) to the extent and in the manner set forth in this
Section 3. Each holder of Senior Debt, whether now outstanding or hereafter incurred, shall be deemed to have acquired Senior Debt in reliance upon the provisions contained in this Section 3. This Section 3 shall
constitute a continuing offer to all Persons who become holders of, or continue to hold, Senior Debt, and the provisions herein are made for the benefit of the holders of the Senior Debt, and such holders are made obligees hereunder and any one or
more of them may enforce such provisions. 
 (b) Payment Suspension. The Holder shall, at all times, be entitled to receive payments
on account of the Note in accordance with the terms of this Note; provided that, if and so long as a Senior Default (as defined herein) has occurred and is continuing, and written notice thereof has been delivered by the holders of the Senior
Debt to the Holder and the Issuer referencing the provisions of this Section 3 and demanding a suspension of payments during the period of such continuance in accordance with this Section 3(b) (such period of time being
referred to as the “Payment Suspension Period”), then, except as otherwise set forth below, the Issuer shall not make, and the Holder shall not accept or receive from the Issuer, directly or indirectly, in cash or other
property or by set-off or in any other manner (including, without limitation, from or by way of any collateral or redemption or sale), payment of all or any part of the Note unless and until the earlier of (A) the Senior Debt has been paid in
full or (B) the Senior Default has been cured by the Issuer or waived by the holders of the Senior Debt or the holders of the outstanding principal amount of the Senior Debt have terminated the Payment Suspension Period, in each case in
accordance with the terms of the relevant agreements governing such Senior Debt. 
 (c) Liquidation, Winding Up, etc. Upon any
distribution of assets of the Issuer or upon any dissolution, winding up, liquidation or reorganization of the Issuer, whether in any bankruptcy, insolvency, reorganization or receivership proceeding or upon an assignment for the benefit of
creditors or any other marshalling of the assets and liabilities of the Issuer: 
 (i) the holders of all Senior Debt shall be entitled to
receive payment in full of the principal thereof, the interest due thereon and any premium or other payment obligation with respect thereto before the Holder is entitled to receive any payment upon the Note; and 
  

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 (ii) any payment or distribution of assets of the Issuer of any kind or character, whether in cash,
property or securities, by set-off or otherwise, to which the Holder would be entitled but for the provisions of this Section 3 shall be paid by the liquidating trustee or agent or other Person making such payment or distribution,
whether a trustee in bankruptcy, a receiver or liquidating trustee or otherwise, directly to the holders of Senior Debt or their agents or representatives or to the trustee or trustees under any indenture under which any instruments evidencing any
of such Senior Debt may have been issued, ratably according to the aggregate amounts remaining unpaid on account of the principal of, interest on and any premium or other amounts payable with respect to the Senior Debt held or represented by each
such holder, to the extent necessary to make payment in full of all Senior Debt remaining unpaid, after giving effect to any concurrent payment or distribution to the holders of the Senior Debt. 
 The consolidation of the Issuer with, or the merger of the Issuer into, another entity shall not be deemed a dissolution, winding up, liquidation or
reorganization of the Issuer for the purposes of this Section 3(c) if such other entity is organized in the United States and such entity, as a part of such consolidation or merger, succeeds to the Issuer’s property and business and
assumes the Issuer’s obligations (including the Senior Debt and the Note). 
 (d) Payment Held in Trust. All payments or
distributions by the Issuer upon or with respect to the Note which are received by the Holder in violation of or contrary to the provisions of Section 3(b) or Section 3(c) above shall be received in trust for the benefit of
the holders of the Senior Debt and shall be paid over upon demand to such holders in the same form as so received (with all necessary endorsements) to be applied to the payment of the Senior Debt. 
 (e) Subrogation. Upon receipt by the holders of the Senior Debt of amounts sufficient to pay all Senior Debt in full, to the extent any amounts
which are otherwise payable with respect to the Note but for the provisions of this Section 3 have been paid over to the holders of the Senior Debt, the Holder shall be subrogated to the rights of the holders of Senior Debt to receive
payments or distributions of cash, property or securities of the Issuer applicable to Senior Debt until the Note is paid in full (including all interest accrued and unpaid thereon), and no such payments or distributions to the holders of the Senior
Debt of cash, property or securities otherwise distributable to the Holder shall, as among the Issuer, its creditors (other than the holders of Senior Debt) and the Holder, be deemed to be payment by the Issuer to the holders of the Senior Debt.
Upon any payment or distribution of assets of the Issuer referred to in this Section 3, the Holder shall be entitled to rely upon a certificate of the liquidating trustee or agent or other Person making any distribution to the Holder for
the purpose of ascertaining the Persons entitled to participate in such distribution, the holders of Senior Debt and other Indebtedness of the Issuer, the amount thereof or payable thereon, the amount or amounts paid or distributed thereon and all
other facts pertinent thereto or to this Section 3. The provisions of this Section 3 shall continue to be effective or be reinstated, as the case may be, if at any time any payment of any of the Senior Debt is rescinded or
must otherwise be returned by the holders of the Senior Debt for any reason whatsoever (including, without limitation, the insolvency, bankruptcy or reorganization of the Issuer) all as though such payment had not been made. Subject to the
foregoing, the subordination provisions in this Section 3 shall terminate when all the Senior Debt has been indefeasibly and irrevocably paid in full. 
  

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 (f) Rights Not Subordinated. The provisions of this Section 3 are for the purpose of
defining the relative rights of the holders of Senior Debt on the one hand and the Holder on the other hand, and nothing herein shall impair (as between the Issuer and the Holder) the Issuer’s obligation to the Holder to pay the full amount of
the Note (including all accrued and unpaid interest thereon) in accordance with the terms of the Purchase Agreement and this Note. No provision of this Section 3 shall be construed to prevent the Holder from exercising all rights and
remedies available under the Note, the Purchase Agreement or under applicable law upon the occurrence of an Event of Default or otherwise, subject to the rights of the holders of the Senior Debt as set forth above to receive payments otherwise
payable to the Holder, and no provision of this Section 3 shall be deemed to subordinate, to any extent, any claim or right of the Holder to any claim against the Issuer by any creditor or any other Person except to the extent expressly
provided herein. 
 (g) Amendment. The provisions of this Section 3 may not be amended or modified without the written
consent of the Trustee under the 2002 Indenture, the Trustee under the 2007 Indenture, the Administrative Agent under the Senior Credit Agreement, and the Syndication Agent under the Senior Credit Agreement. 
 Section 4. Events of Default. 
 (a) Definition. For purposes of this Note, an Event of Default shall be deemed to have occurred if: 
 (i) the Issuer fails
to pay when due and payable (whether at maturity or otherwise) any principal, interest or other payment on this Note, and such failure to pay any such amount, other than the principal, is not cured within three (3) Business Days after the
occurrence thereof; 
 (ii) the Issuer breaches any covenant or other term or condition of this Note (excluding the Events of Default set
forth in this Section 4), and such breach is not cured within thirty (30) days after the Issuer’s receipt of notice thereof; 
 (iii) the representations and warranties of the Issuer contained in Sections 5.1, 5.2, 5.4, 5.5 and 5.10 of the Purchase Agreement (solely as such representations and warranties pertain directly to this
Note) are not true and correct in all material respects at the Issuance Date (except to the extent expressly made as of an earlier date, in which case, as of such earlier date); or 
 (iv) the Issuer or any Subsidiary makes an assignment for the benefit of creditors or admits in writing its inability to pay its debts generally as they
become due; or an order, judgment or decree is entered adjudicating the Issuer or any Subsidiary bankrupt or insolvent; or any order for relief with respect to the Issuer or any Subsidiary is entered under the Federal Bankruptcy Code; or the Issuer
or any Subsidiary petitions or applies to any tribunal for the appointment of a custodian, trustee, receiver or liquidator of the Issuer or any Subsidiary, or of any substantial part of the assets of the Issuer or any Subsidiary, or commences any
proceeding (other than a proceeding for the voluntary liquidation and dissolution of any Subsidiary) relating to the Issuer or any Subsidiary under any bankruptcy reorganization, arrangement, insolvency, readjustment of debt, dissolution or
liquidation law of any jurisdiction; or any such petition or application is filed, or any such proceeding is commenced, against the Issuer or any Subsidiary and either (A) the Issuer or any such Subsidiary by any act indicates its approval
thereof, consent thereto or acquiescence therein or (B) such petition, application or proceeding is not dismissed within sixty (60) days. 
  

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 The foregoing shall constitute Events of Default whatever the reason or cause for any such Event of
Default and whether it is voluntary or involuntary or is effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body and regardless of the effects
of any subordination provisions. 
 (b) Consequences of Events of Default. 
 (i) Upon the occurrence of an Event of Default of the type described in Section 4(a)(i), the Interest Rate on the Note shall increase
immediately to twenty percent (20%) per annum, or, if such amount is not permitted by law, the Maximum Rate (as defined in the Purchase Agreement). Any increase of the Interest Rate resulting from the operation of this
Section 4(b)(i) shall terminate as of the close of business on the date on which no Events of Default under Section 4(a)(i) exist (subject to subsequent increases pursuant to this Section 4(b)). 
 (ii) Upon the occurrence of an Event of Default of the type described in Section 4(a)(ii) or 4(a)(iii), the Interest Rate on the Note
shall increase immediately by an increment of eight (8) percentage point(s) per annum, or, if such amount is not permitted by law, the Maximum Rate. Any increase of the Interest Rate resulting from the operation of this
Section 4(b)(ii) shall terminate as of the close of business on the date on which no Events of Default under Section 4(a)(ii) or 4(a)(iii) exist (subject to subsequent increases pursuant to this
Section 4(b)). 
 (iii) If an Event of Default of the type described in Section 4(a)(iv) has occurred, the aggregate
principal amount of the Note (together with all accrued and unpaid interest thereon and all other amounts due and payable with respect thereto) shall become immediately due and payable without any action on the part of the Holder, and the Issuer
shall immediately pay to the Holder all amounts due and payable with respect to the Note. 
 (iv) If any Event of Default (other than under
Section 4(a)(iv)) has occurred and is continuing, the Holder may declare all or any portion of the outstanding principal amount of the Note (together with all accrued and unpaid interest thereon and all other amounts due and payable with
respect thereto) to be immediately due and payable and may demand immediate payment of all or any portion of the outstanding principal amount of the Note (together with all accrued and unpaid interest thereon and all such other amounts then due and
payable) owned by the Holder. If the Holder demands immediate payment of all or any portion of the Note, the Issuer shall immediately pay to the Holder all amounts due and payable with respect to the Note. 
 (v) The Holder shall also have any other rights which the Holder may have pursuant to applicable law. 
 (vi) The Issuer hereby waives diligence, presentment, protest and demand and notice of protest and demand, dishonor and nonpayment of this Note and
expressly agrees that this Note, or any payment hereunder, may be extended from time to time and that the Holder may accept security for this Note or release security for this Note, all without in any way affecting the liability of the Issuer
hereunder. 
  

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 Section 5. Redemption and Cancellation. 
 (a) Change of Control Redemption Right. No later than twenty (20) Business Days prior to the consummation of a Change of Control, but not
prior to the public announcement of such Change of Control, the Issuer shall deliver written notice thereof via facsimile and overnight courier to the Holder (a “Change of Control Notice”). On the effective date of the Change
of Control (the “Effective Date”), the Issuer shall redeem the outstanding principal amount of the Note, together with all accrued and unpaid interest thereon and all other amounts due and payable with respect thereto (the
“Redemption Amount”). The Note shall be redeemed by the Issuer in cash at a price equal to the Redemption Amount within ten (10) Business Days after the Effective Date. Redemptions required by this
Section 5(a) shall have priority to payments to stockholders in connection with a Change of Control. 
 (b) Optional
Redemption. If at any time after April 6, 2008, the closing price of the Issuer’s Common Stock (as defined below) on its principal trading market exceeds Forty Five Dollars and Thirty Two Cents ($45.32) for a period of three
(3) consecutive Trading Days (subject to equitable adjustment for dividends, distributions, stock splits, stock dividends, combinations, capital reorganizations, spin-offs, split-offs and the like, as applicable), the Holder may elect to
require the Issuer to redeem this Note by delivering written notice thereof (a “Redemption Notice”) to the Issuer, which Redemption Notice shall indicate the Redemption Amount of the Note. The Note shall be redeemed by the
Issuer in cash at a price equal to the Redemption Amount within ten (10) Business Days after the Issuer receives the Redemption Notice. 
 (c) Offset of Indemnification Obligations. If at any time the Holder or any Member (as defined in the Purchase Agreement) shall become liable for any Losses (as defined in the Purchase Agreement) under the Purchase Agreement, the
Holder may elect to require the Issuer to cancel a portion of this Note in an amount equal to the Holder’s and/or Member’s obligations for such Losses, in lieu of making direct cash payments to the Issuer for such Losses. If the Holder so
elects to “offset” such Losses against payments due under this Note, then the Holder shall deliver a notice acknowledging such Losses and its election to offset all or a portion of the Losses by cancellation of all or a portion of this
Note (the “Offset Notice”), indicating the principal amount of the Note, plus all accrued and unpaid interest thereon and all other amounts due and payable with respect thereto, that the Holder is electing to
cancel. The portion of this Note subject to cancellation pursuant to this Section 5(c) shall be cancelled by the Issuer within ten (10) Business Days after its receipt of the Offset Notice from the Holder pursuant to this
Section 5(c). In no event may the Issuer cancel any amount of this Note that is greater than the amount of the Losses as to which the Holder and the Members are required by the Purchase Agreement to provide indemnification. 

(d) Voluntary Prepayment. To the extent any redemption or cancellation required by this Section 5 is deemed or determined by a
court of competent jurisdiction to be a prepayment of the Note by the Issuer, such redemption or cancellation shall be deemed to be a voluntary prepayment of the Note. 
 (e) Prepayment Upon a Fundamental Company Transaction. In the event that the Issuer consummates a Fundamental Company Transaction, the Holder may elect to require the Issuer to redeem this Note by delivering a
Redemption Notice to the Issuer, which Redemption Notice shall indicate the Redemption Amount of the Note. The Note shall be redeemed by the Issuer in cash at a price equal to the Redemption Amount within ten (10) Business Days after the Issuer
receives the Redemption Notice. 
  

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 Section 6. Amendment and Waiver. Except as otherwise expressly provided herein, the
provisions of the Note may be amended and the Issuer may take any action herein prohibited, or omit to perform any act herein required to be performed by it, only if the Issuer has obtained the written consent of the Holder; provided that no
such action shall change (i) the rate at which or the manner in which interest accrues on the Note or the times at which such interest becomes payable, (ii) any provision relating to the scheduled payments or prepayments of principal on
the Note, or (iii) any provision of this Section 6. 
 Section 7. Definitions. For purposes of this Note, the
following terms shall have the respective meaning set forth in this Section 7. 
 “2002
Indenture” means that certain Indenture, dated as of April 24, 2002, among the Issuer, the guarantors named therein and The Bank of New York, as Trustee (the “Trustee”), as supplemented
by (a) that certain Supplemental Indenture, dated as of May 7, 2003, among the Issuer, the guarantors named therein and the Trustee, (b) that certain Second Supplemental Indenture, dated as of May 28, 2003, among the Issuer, the
guarantors named therein, and the Trustee, (c) that certain Third Supplemental Indenture, dated as of September 25, 2003, among the Issuer, the guarantors named therein and the Trustee, (d) that certain Fourth Supplemental Indenture,
dated as of April 16, 2004, among the Issuer, the guarantors named therein and the Trustee, (e) that certain Fifth Supplemental Indenture dated as of July 23, 2004, among the Issuer, the guarantors named therein and the Trustee,
(f) that certain Sixth Supplemental Indenture dated as of February 24, 2005, among the Issuer, the guarantors named therein and the Trustee, (g) that certain Seventh Supplemental Indenture dated as of August 4, 2005, among the
Issuer, the guarantors named therein and the Trustee, (h) that certain Eighth Supplemental Indenture dated as of August 16, 2006, among the Issuer, the guarantors named therein and the Trustee, (i) that certain Ninth Supplemental
Indenture dated as of September 22, 2006, among the Issuer, the guarantors named therein and the Trustee and (j) that certain Tenth Supplemental Indenture dated as of February 13, 2007, among the Issuer, the guarantors named therein
and the Trustee; and as it may be further amended, restated, supplemented or otherwise modified from time to time. 
 “2007
Indenture” means that certain Indenture, dated as of February 13, 2007 between the Issuer and The Bank of New York, as Trustee, as supplemented by (a) the First Supplemental Indenture, dated as of February 13,
2007, among the Issuer, the guarantors named therein and the Trustee, and (b) the Second Supplemental Indenture, dated as of February 14, 2007, among the Issuer, the guarantors named therein and the Trustee; and as it may be further
amended, restated, supplemented or otherwise modified from time to time. 
 “Business Day” means any
day other than a Saturday, Sunday or other day on which commercial banks in New York, New York are authorized or required by law to close. 
 “Change of Control” means any Fundamental Transaction other than (i) any reorganization, recapitalization or reclassification of the Issuer’s common stock, par value $0.01 per share (the
“Common Stock”) or business combination in which the Issuer is the publicly traded surviving entity in which holders of the Issuer’s voting power immediately prior to such reorganization, recapitalization
or reclassification or business combination (or their respective affiliates) continue after such reorganization, recapitalization or reclassification or business combination to hold publicly traded securities representing more than fifty percent
(50%) of the voting power of the Issuer, or (ii) pursuant to a migratory merger effected solely for the purpose of changing the jurisdiction of incorporation of the Issuer. 
  

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 “Fundamental Company Transaction” means the occurrence of any of
the following: 
 (a) the Issuer shall transfer or otherwise dispose (including without limitation by repurchase), in any
transaction or series of transactions, of equity securities of the Company or any of its Subsidiaries such that following such transaction or series of transactions, the Issuer shall fail to hold, directly or indirectly, (i) equity securities
of the Company and its Subsidiaries entitling the Issuer to elect a majority of the members of the board of directors (or similar governing bodies) of such entities, or (ii) at least fifty percent (50%) of the voting equity securities of
the Company or any of its Subsidiaries (including by reason of any amalgamation, merger, consolidation, recapitalization, stock sale, reorganization, recapitalization, spin-off or other business combination); provided, that any such
transaction or series of transactions shall not constitute a Fundamental Company Transaction unless (A) the assets held by the entity or entities that issued the transferred or disposed equity or voting securities in the transaction or series
of transactions constitute more than fifty percent (50%) of the consolidated assets of the Company and its Subsidiaries, or (B) the entity or entities that issued the transferred or disposed equity or voting securities in the transaction
or series of transactions generate more than fifty percent (50%) of the aggregate amount of the consolidated revenue of the Issuer and its Subsidiaries as of the date hereof; 
 (b) the consummation of a stock purchase or other business combination (including any amalgamation, merger, consolidation,
recapitalization, stock sale, reorganization, recapitalization, spin-off or other business combination) with another Person or Persons whereby, in any transaction or series of transactions, such other Person or Persons acquire directly and not
through the acquisition of the Issuer or any of its other Subsidiaries (i) more than fifty percent (50%) of the outstanding equity securities of the Company or (ii) more than fifty percent (50%) of the outstanding equity
securities of the Company or the Company Subsidiaries, which equity securities so transferred or disposed represent direct or indirect ownership of either (A) more than fifty percent (50%) of the consolidated assets of the Company and its
Subsidiaries on the date hereof, or (B) more than fifty percent (50%) of the aggregate amount of the consolidated revenue of the Company and its Subsidiaries as of the date hereof; provided, that a spin-off in which the consolidated
revenue of the Company and its Subsidiaries does not constitute more than twenty five percent (25%) of the aggregate amount of the consolidated revenue generated as a result of the operation of the businesses and assets that were spun-off by
the Issuer shall not constitute a Fundamental Company Transaction if at least two of Messrs. Martin Franklin, Ian Ashken and Gary Kiedaisch remain on the board of directors (or similar governing bodies) of the new entity that holds such businesses
and assets so spun-off through the expiration of the Earn-Out Period (as defined in the Purchase Agreement); 
 (c) a sale of
all or substantially all of the consolidated assets of the Company and its Subsidiaries, or 
 (d) any dissolution or
liquidation of the Company or its Subsidiaries. 
 “Fundamental Transaction” means that (a) the Issuer shall,
directly or indirectly, in one or more related transactions, (i) consolidate or merge with or into (whether or not the Issuer is the surviving corporation) another Person or Persons, or (ii) sell, assign, transfer, convey or otherwise
dispose of all or substantially all of the properties or assets of the Issuer to 

  

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another Person, or (iii) allow another Person to make a purchase, tender or exchange offer that is accepted by the holders of more than fifty percent
(50%) of the outstanding shares of Voting Stock (not including any shares of Voting Stock held by the Person or Persons making or party to, or associated or affiliated with the Persons making or party to, such purchase, tender or exchange
offer), or (iv) consummate a stock purchase or other business combination (including, without limitation, a reorganization, recapitalization, spin-off or scheme of arrangement) with another Person whereby such other Person acquires more than
fifty percent (50%) of the outstanding shares of Voting Stock (not including any shares of Voting Stock held by the other Person or other Persons making or party to, or associated or affiliated with the other Persons making or party to, such
stock purchase agreement or other business combination), (v) sell, assign, transfer, convey or otherwise dispose of fifty percent (50%) or more of the properties or assets of the Issuer to another Person, if immediately following such
sale, assignment, transfer, conveyance or other disposal the Issuer’s Net Debt to Adjusted EBITDA ratio (as defined in the Issuer’s senior credit facility) exceeds four and one-half (4 1/2) to one (4.5:1), or (vi) reorganize, recapitalize or reclassify its Common Stock, or (b) any “person” or “group” (as
these terms are used for purposes of Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) is or shall become the “beneficial owner” (as defined in Rule
13d-3 under the Exchange Act), directly or indirectly, of more than fifty percent (50%) of the aggregate Voting Stock of the Issuer. 
 “Person” means any individual, sole proprietorship, partnership, joint venture, trust, unincorporated association, corporation, limited liability company, entity or government (whether federal, state, county, city or
otherwise, including any instrumentality, division, agency or department thereof). 
 “Senior Credit Agreement” means
that certain Credit Agreement dated as of January 24, 2005, as amended by that certain Amendment No. 1, dated as of dated as of April 11, 2005, that certain Amendment No. 2, dated as of July 18, 2005, that certain Amendment
No. 3, dated as of December 21, 2005, that certain Amendment No. 4, dated as of February 24, 2006, that certain Amendment No. 5, dated as of August 23, 2006, that certain Amendment No. 6, dated as of
December 14, 2006 and that certain Amendment No. 7, dated as of February 13, 2007, and as it may be further amended, restated, supplemented or otherwise modified from time, to time, by and among the Issuer, the Lenders (as defined
therein), the L/C Issuers (as defined therein), Lehman Commercial Paper, Inc. (as successor to Canadian Imperial Bank of Commerce) as administrative agent for the Lenders and the L/C Issuers, Citicorp USA, Inc., as syndication agent for the Lenders
and the L/C Issuers, and Bank of America, N.A., National City Bank of Indiana and Suntrust Bank, as Co-Documentation Agents. 
 “Senior Debt” means all indebtedness, obligations and liabilities of any and every kind and nature now existing or hereafter arising, contingent or otherwise, of the Issuer for: 
 (a) borrowed money and all obligations of the Issuer evidenced by bonds, debentures, notes, loan agreements and similar instruments; 
 (b) all direct or contingent obligations of the Issuer arising under letters of credit (including standby and commercial letters of credit),
bankers’ acceptances, bank guaranties, surety bonds and similar instruments; 
 (c) net obligations under any swap contract, in an
amount equal to the swap termination value thereof; 
  

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 (d) all obligations to pay the deferred purchase price of property or services (other than accrued
expenses and trade accounts payable in the ordinary course of business); 
 (e) indebtedness (including prepaid interest thereon) secured by
a lien on property owned or being purchased by the Issuer (including indebtedness arising under conditional sales or other title retention agreements), whether or not such indebtedness shall have been assumed by the Issuer or is limited in recourse;

 (f) capital leases and synthetic lease obligations; and 
 (g) all contingent obligations of the Issuer in respect of any of the foregoing; 
 including, without
limitation, indebtedness, obligations and liabilities under, in connection with, or evidenced by, (i) the Senior Credit Agreement, (ii) the 2002 Indenture and the notes issued thereunder, and (iii) the 2007 Indenture and the notes
issued thereunder; and including, for each of the Senior Credit Agreement, the 2002 Indenture, the 2007 Indenture and the notes issued under the 2002 Indenture and 2007 Indenture, without limitation, all principal, premium (if any), interest, fees,
costs, expenses and liabilities provided for therein, and including any obligations arising under interest rate protection agreements entered into with any lender in connection therewith, and any renewals, extensions, modifications, refinancings and
refundings of such indebtedness. 
 “Senior Default” means the occurrence and continuance (after any applicable grace
period) of a default in payment of all or any part of the Senior Debt. 
 “Subsidiary” means, with respect to any
Person, any corporation, limited liability company, partnership, association or other business entity of which (a) if a corporation, a majority of the total voting power of shares of stock entitled (without regard to the occurrence of any
contingency) to vote in the election of directors, managers or trustees thereof is at the time owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination thereof, or
(b) if a limited liability company, partnership, association or other business entity (other than a corporation), a majority of the partnership or other similar ownership interest thereof is at the time owned or controlled, directly or
indirectly, by that Person or one or more Subsidiaries of that Person or a combination thereof and for this purpose, a Person or Persons owns a majority ownership interest in such a business entity (other than a corporation) if such Person or
Persons shall be allocated a majority of such business entity’s gains or losses or shall be or control any managing director or general partner of such business entity (other than a corporation); and the term “Subsidiary” shall
include all Subsidiaries of such Subsidiary. 
 “Trading Day” means any day on which the Common Stock is traded on
its principal market; provided, however, that “Trading Day” shall not include any day on which the Common Stock is scheduled to trade on such exchange or market from less than four and one-half (4.5) hours or any day
that the Common Stock is suspended from trading during the final hour of trading on such exchange or market (or if such exchange or market does not designate in advance the closing time of trading on such exchange or market, then during the hour
ending at 4:00:00 p.m., New York time). 
 “Voting Stock” of a Person means capital stock of such Person of the class
or classes pursuant to which the holders thereof have the general right to elect, or the general right to appoint, at least a majority of the board of directors, managers or trustees of such Person (irrespective of whether or not at the time capital
stock of any other class or classes shall have or might have voting by reason of the happening of any contingency). 
  

 - 10 - 

 Section 8. Transfers. 
 (a) This Note may be offered, sold, assigned or transferred by the Holder, in whole or in part, to any Affiliate of Holder at any time after the first
anniversary of the Issuance Date without the consent of the Company, which shall not be unreasonably withheld or delayed (it being understood and agreed that a delay in response of more than ten (10) days shall be unreasonable). Any other
offer, sale, assignment or transfer by the Holder may only be made with the prior consent of the Company, which consent shall not be unreasonably withheld. Any such “transfer” will be made in accordance with applicable securities laws. No
transfer of this Note may be made to any Person who conducts business (directly or indirectly) in competition with the Business of the Issuer (as defined in the Purchase Agreement). 
 (b) The Issuer shall maintain a register for recording the ownership and the transfer of the Note. Upon surrender of this Note for registration of
transfer or for exchange to the Issuer at its principal office, the Issuer at its sole expense shall execute and deliver in exchange therefor a new Note or Notes, as the case may be, as requested by the Holder or transferee, which aggregate the
unpaid principal amount of such Note, registered as such Holder or transferee may request, dated so that there will be no loss of interest on such surrendered Note and otherwise of like tenor. The issuance of new Note(s) shall be made without charge
to the Holder(s) of the surrendered Note for any issuance tax in respect thereof or other cost incurred by the Issuer in connection with such issuance; provided that the Holder shall pay any transfer taxes associated therewith. The Issuer
shall be entitled to regard the registered Holder of this Note as the owner and Holder of the Notes so registered for all purposes until the Issuer is required to record a transfer of this Note on its register. 
 (c) “Affiliate” shall mean, with respect to any party, any Person directly or indirectly controlling, controlled by, or under common
control with such party. With respect to Pure Fishing Holdings, LLC, “Affiliate” shall also mean any Person who is a member of such limited liability company as of the Issuance Date. 
 Section 9. Certain Representations of the Issuer. The Issuer hereby represents and warrants that (a) none of the terms of any Senior
Debt outstanding on the date hereof would conflict with or prohibit the payment to the Holder of the aggregate principal amount of this Note, together with all accrued and unpaid interest thereon, on the Maturity Date, or the payment to the Holder
of current interest on this Note, as and when due, in each case, subject to the terms and conditions of subordination set forth in Section 3 hereof and (b) the issuance of this Note by the Issuer does not conflict with, constitute a
default under or give rise to any acceleration, termination or consent right under any Senior Debt, in each case subject to the terms and conditions of subordination set forth in Section 3 hereof. 
 Section 10. Replacement. Upon receipt of evidence reasonably satisfactory to the Issuer of the loss, theft, destruction or mutilation of this
Note and, in the case of any such loss, theft or destruction of this Note, upon receipt of an indemnity reasonably satisfactory to the Issuer (provided that, if the Holder is a financial institution, its own unsecured agreement shall be
satisfactory) or, in the case of any such mutilation, upon the surrender and cancellation of this Note, the Issuer, at its expense, shall execute and deliver, in lieu thereof, a new Note of like tenor and dated the date of such lost, stolen,
destroyed or mutilated Note. Any Note in lieu of which any such new Note has been so executed and delivered by the Issuer shall not be deemed to be an outstanding Note. 
  

 - 11 - 

 Section 11. Waivers. Except as expressly set forth herein, the Issuer hereby waives
presentation for payment, demand, notice of nonpayment and notice of protest with respect to this Note. 
 Section 12.
Cancellation. After all principal and accrued interest at any time on this Note has been paid in full, this Note shall be surrendered to the Issuer for cancellation and shall not be reissued. 
 Section 13. Form of Payments. All payments to be made to the Holder of this Note shall be made in the lawful money of the United States of
America in immediately available funds, with no offsets against or withholding from any payments due hereunder. 
 Section 14. Place
of Payment. Payments of principal and interest shall be delivered to Pure Fishing Holdings, LLC at the following address: 
  

	
	 c/o J.H. Whitney & Co., LLC

	 130 Main Street

	 New Canaan, Connecticut 06840

	 Facsimile: (203) 716-6229

 or to such other address or to the attention of such other Person as specified by prior written notice to the
Issuer. 
 Section 15. Notices. Any notices, consents or other communications required to be sent or given hereunder by any of
the parties shall in every case be in writing and shall be deemed properly served if and when (a) delivered by hand, (b) transmitted by facsimile with confirmation of transmission, or (c) delivered by Federal Express or other
reputable express overnight delivery service, or registered or certified mail, return receipt requested, to the parties at the addresses as set forth below or at such other addresses as may be furnished in writing: 
  

	
	 If to the Issuer:

	
	Jarden Corporation
	555 Theodore Fremd Avenue
	Suite B-302
	Rye, New York 10580
	Telecopier No.: (914) 967-9405
	Telephone No.: (914) 967-9400
	Attention: Martin E. Franklin
	
	With a copy to:
	
	Kaye Scholer LLP
	3 First National Plaza, Suite 4100
	70 West Madison Street
	Chicago, Illinois 60602-4231
	Telecopier No.: (312) 583-2360
	Telephone No.: (312) 583-2330
	Attention: Gary R. Silverman, Esq.

  

 - 12 - 

			
	 If to the Holder:

	
	 Pure Fishing Holdings, LLC

	 1900 18th Street

	 Spirit Lake, Iowa 51360

	 Telecopier No.: (712) 336-8523

	 Telephone No.: (712) 337-3500

	 Attention: Thomas W. Bedell

	
	 With a copy to:

	
	 J. H. Whitney & Co., LLC

	 130 Main Street

	 New Canaan, Connecticut 06840

	 Telecopier No.: (203) 716-6101

	 Telephone No.: (203) 716-6129

	 Attention: Paul Vigano

	
	 and

	
	 Kirkland & Ellis LLP

	 Citicorp Center

	 153 East 53rd Street

	 New York, New York 10022

	 Telecopier No.: (212) 446-4900

	 Telephone No.: (212) 446-4800

	 Attention:
	 	 Frederick Tanne, P.C., Esq.

		 	Heidi Bioski, Esq.

 or to such other address or to the attention of such other Person as the recipient party has specified by prior
written notice to the sending party. Date of service of such notice shall be (x) the date such notice is delivered by hand, (y) one (1) Business Day following the delivery by facsimile or by express overnight delivery service, or
(z) four (4) Business Days after the date of mailing if sent by certified or registered mail. 
 Section 16. Business
Days. If any payment is due, or any time period for giving notice or taking action expires, on a day which is a Saturday, Sunday or other day on which commercial banks in New York, New York are authorized to close, the payment shall be due and
payable on, and the time period shall automatically be extended to, the next Business Day immediately following such Saturday, Sunday or other day, and interest shall continue to accrue at the required rate hereunder until any such payment is made.

 Section 17. Governing Law. All matters relating to the interpretation, construction, validity and enforcement of this
Agreement shall be governed by and construed in accordance with the domestic laws of the State of New York without giving effect to any choice or conflict of law provision or rule (whether of the State of New York or any other jurisdiction) that
would cause the application of laws of any jurisdiction other than the State of New York. 
  

 - 13 - 

 Section 18. Usury Laws. It is the intention of the Issuer and the Holder to conform strictly
to all applicable usury laws now or hereafter in force, and any interest payable under this Note shall be subject to reduction to the amount not in excess of the maximum legal amount allowed under the applicable usury laws as now or hereafter
construed by the courts having jurisdiction over such matters. If the maturity of this Note is accelerated by reason of an election by the Holder resulting from an Event of Default, voluntary Prepayment by the Issuer or otherwise, then earned
interest may never include more than the maximum amount permitted by law, computed from the Issuance Date until payment, and any interest in excess of the maximum amount permitted by law shall be canceled automatically and, if theretofore paid,
shall at the option of the Holder either be rebated to the Issuer or credited on the principal amount of this Note, or if this Note has been paid, then the excess shall be rebated to the Issuer. The aggregate of all interest (whether designated as
interest, service charges, points or otherwise) contracted for, chargeable, or receivable under this Note shall under no circumstances exceed the maximum legal rate upon the unpaid principal balance of this Note remaining unpaid from time to time.
If such interest does exceed the maximum legal rate, it shall be deemed a mistake and such excess shall be canceled automatically and, if theretofore paid, rebated to the Issuer or credited on the principal amount of this Note, or if this Note has
been repaid, then such excess shall be rebated to the Issuer. 
 Section 19. Successors and Assigns. This Note and the rights
evidenced hereby shall inure to the benefit of and be binding upon the successors of the Issuer and the permitted transferees, successors and assigns of the Holder hereof. 
 Section 20. Guaranty of the Company and its Subsidiaries. The Company and its Subsidiaries (the “Guarantors”)
hereby irrevocably and unconditionally guaranty and promise to pay to the order of the Holder, upon demand following default of the Issuer, in lawful money of the United States of America, any and all obligations of the Issuer from time to time owed
to the Holder under this Note, subject to any cure period. Separate action or actions may be brought and prosecuted against the Guarantors, whether or not any action is brought or prosecuted against the Issuer or whether the Issuer is joined in any
such action or actions. The Guarantors further agree that if the Issuer shall fail to pay in full when due, whether at maturity, pursuant to a mandatory prepayment requirement, by acceleration or otherwise, any of its obligations under this Note,
the Guarantors will pay the same on demand, in like currency, as a principal obligor, and not as a surety. This is a continuing guaranty of the obligations and may not be revoked and shall not otherwise terminate unless and until the obligations
have been indefeasibly paid and performed in full. Each Guarantor represents and warrants that it will personally receive a substantial economic benefit from the transactions that gave rise to the obligations of the Issuer under this Note. Each
Guarantor acknowledges that the Holder would not accept this Note if it did not receive this guaranty. This Guaranty shall be construed as a continuing guaranty without regard to (a) the legality, validity or enforceability of the Note, or
(b) any other circumstance whatsoever (with or without notice to or knowledge of the Guarantors), whether or not similar to any of the foregoing, that constitutes, or might be construed to constitute, an equitable or legal discharge of the
Issuer, in bankruptcy or in any other instance. 
 * * * 
 [SIGNATURE PAGE FOLLOWS] 
  

 - 14 - 

 IN WITNESS WHEREOF, the Issuer has executed and delivered this Note on the date first set forth above.

  

							
	 	 	 	 	JARDEN CORPORATION
				
	Attest	 		 	By:	 	 /s/ Ian Ashken

		 		 	Name:	 	Ian Ashken
	 /s/ Amanda Ferriso
	 		 	Title:	 	Chief Financial Officer
			
		 		 	GUARANTOR
		 		 	Pure Fishing, Inc.
				
		 		 	By:	 	 /s/ Ian Ashken

		 		 	Name:	 	Ian Ashken
		 		 	Title:	 	Treasurer

 SUBORDINATED NOTE SIGNATURE PAGEWarrant for 2,206,531 shares of common stock

 Exhibit 4.2 
 EXECUTION VERSION 
 THIS WARRANT AND THE UNDERLYING SECURITIES HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES. THE SECURITIES MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED, HYPOTHECATED, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR
THE SECURITIES UNDER APPLICABLE SECURITIES LAWS OR UNLESS OFFERED, SOLD, PLEDGED, HYPOTHECATED OR TRANSFERRED PURSUANT TO AN AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THOSE LAWS. THE ISSUER SHALL BE ENTITLED TO REQUIRE AN OPINION OF
COUNSEL SATISFACTORY TO THE ISSUER THAT SUCH REGISTRATION IS NOT REQUIRED. 
  

			
	April 6, 2007	  	Warrant No. 01

 WARRANT TO PURCHASE COMMON STOCK 
 JARDEN CORPORATION 
 Void After March 31, 2012 
 THIS CERTIFIES THAT, for value received, Pure Fishing Holdings, LLC
(“Pure Fishing”), or its permitted assigns, is entitled, at any time prior to the Expiration Date (such term, and certain other capitalized terms used herein being hereinafter defined), to purchase from Jarden
Corporation (the “Issuer”) Two Million Two Hundred Six Thousand Five Hundred Thirty One (2,206,531) shares of Common Stock (as defined herein) (subject to adjustment as provided herein), at a purchase price
of Forty Five Dollars and Thirty Two Cents ($45.32) per share (the initial “Exercise Price”, subject to adjustment as provided herein), all on the terms and conditions and pursuant to the provisions hereinafter
set forth. 
 This Warrant was issued pursuant to that certain Stock Purchase Agreement, dated as of April 6, 2007 (as amended and
modified from time to time, the “Purchase Agreement”), by and among the Issuer, the Holder, Outdoor Technologies Corporation (the “Company”) and certain other parties as
described therein. The Purchase Agreement contains terms and conditions governing the Warrant and the rights of the Holder, and all such provisions of the Purchase Agreement are hereby incorporated herein in full by this reference, including,
without limitation, the Holder’s representations and warranties as to its investment intent. Except as defined in Section 1 or unless otherwise indicated herein, capitalized terms used in this Warrant shall have the same meanings
ascribed to such terms in the Purchase Agreement. 
 Section 1. Definitions. As used in this Warrant, the following terms have
the respective meanings set forth below: 

 (a) “After-Tax Basis” when referring to a payment that is required
hereunder (the “target amount”), means a total payment (the “total amount”) that, after deduction of all federal, state and local taxes that are required to be paid by the recipient in respect of the receipt or accrual of such
total amount, is equal to the target amount. 
 (b) “Board” means the Board of Directors of the Issuer.

 (c) “Business Day” means any day other than a Saturday, Sunday or other day on which commercial
banks in New York, New York are authorized or required by law to close. 
 (d) “Change of Control”
means any Fundamental Transaction other than (i) any reorganization, recapitalization or reclassification of the Issuer’s Common Stock or business combination in which the Issuer is the publicly traded surviving entity in which holders of
the Issuer’s voting power immediately prior to such reorganization, recapitalization or reclassification or business combination continue after such reorganization, recapitalization or reclassification or business combination to hold publicly
traded securities representing more than fifty percent (50%) of the voting power of the Issuer, or (ii) pursuant to a migratory merger effected solely for the purpose of changing the jurisdiction of incorporation of the Issuer. 

(e) “Commission” means the United States Securities and Exchange Commission or any other federal agency then
administering the Securities Act, the Exchange Act and other federal securities laws. 
 (f) “Common
Stock” means (except where the context otherwise indicates) the common stock of the Issuer, par value $0.01 per share, and any capital stock into which such Common Stock may thereafter be changed, and shall also include
(i) capital stock of the Issuer of any other class (regardless of how denominated) issued to the holders of Common Stock upon any reclassification thereof which is also not preferred as to dividends or liquidation over any other class of stock
of the Issuer and which is not subject to redemption and (ii) shares of capital stock of any successor or acquiring corporation (as defined in Section 4(a) hereof) received by or distributed to the holders of Common Stock in the
circumstances contemplated by Section 4(a) hereof. 
 (g) “Continuously Effective”, with
respect to the Registration Statement, means that the Issuer shall use commercially reasonable efforts to, except as contemplated by Section 8(b)(ii), cause the Registration Statement to remain effective and available for Transfers of
Warrant Stock thereunder. 
 (h) “Convertible Securities” means evidences of indebtedness, shares of
stock or other securities that are convertible into or exchangeable for, with or without payment of additional consideration in cash or property, shares of Common Stock, either immediately or upon the occurrence of a specified date or a specified
event. 
 (i) “Exchange Act” means the Securities Exchange Act of 1934, as amended, or any successor
federal statute, and the rules and regulations of the Commission thereunder, all as the same shall be in effect from time to time. 
 (j)
“Exercise Price” means, in respect of a share of Common Stock at any date herein specified, the initial Exercise Price set forth in the preamble of this Warrant as adjusted from time to time pursuant to
Section 4 hereof. 
 (k) “Expiration Date” means March 31, 2012. 
  

 2 

 (l) “Fundamental Company Transaction” means the occurrence of any
of the following: 
 (i) the Issuer shall transfer or otherwise dispose (including without limitation by repurchase), in any
transaction or series of transactions, of equity securities of the Company or any of its Subsidiaries such that following such transaction or series of transactions, the Issuer shall fail to hold, directly or indirectly, (A) equity securities
of the Company and its Subsidiaries entitling the Issuer to elect a majority of the members of the board of directors (or similar governing bodies) of such entities, or (B) at least fifty percent (50%) of the voting equity securities of
the Company or any of its Subsidiaries (including by reason of any amalgamation, merger, consolidation, recapitalization, stock sale, reorganization, recapitalization, spin-off or other business combination); provided, that any such
transaction or series of transactions shall not constitute a Fundamental Company Transaction unless (1) the assets held by the entity or entities that issued the transferred or disposed equity or voting securities in the transaction or series
of transactions constitute more than fifty percent (50%) of the consolidated assets of the Company and its Subsidiaries, or (2) the entity or entities that issued the transferred or disposed equity or voting securities in the transaction
or series of transactions generate more than fifty percent (50%) of the aggregate amount of the consolidated revenue of the Issuer and its Subsidiaries as of the date hereof; 
 (ii) the consummation of a stock purchase or other business combination (including any amalgamation, merger, consolidation,
recapitalization, stock sale, reorganization, recapitalization, spin-off or other business combination) with another Person or Persons whereby, in any transaction or series of transactions, such other Person or Persons acquire directly and not
through the acquisition of the Issuer or any of its other Subsidiaries (A) more than fifty percent (50%) of the outstanding equity securities of the Company or (B) more than fifty percent (50%) of the outstanding equity
securities of the Company or the Company Subsidiaries, which equity securities so transferred or disposed represent direct or indirect ownership of either (1) more than fifty percent (50%) of the consolidated assets of the Company and its
Subsidiaries on the date hereof, or (2) more than fifty percent (50%) of the aggregate amount of the consolidated revenue of the Company and its Subsidiaries as of the date hereof; provided, that a spin-off in which the consolidated
revenue of the Company and its Subsidiaries does not constitute more than twenty five percent (25%) of the aggregate amount of the consolidated revenue generated as a result of the operation of the businesses and assets that were spun-off by
the Issuer shall not constitute a Fundamental Company Transaction if at least two of Messrs. Martin Franklin, Ian Ashken and Gary Kiedaisch remain on the board of directors (or similar governing bodies) of the new entity that holds such businesses
and assets so spun-off through the expiration of the Earn-Out Period (as defined in the Purchase Agreement); 
 (iii) a sale
of all or substantially all of the consolidated assets of the Company and its Subsidiaries; or 
 (iv) any dissolution or
liquidation of the Company or its Subsidiaries. 
 (m) “Fundamental Transaction” means that
(i) the Issuer shall, directly or indirectly, in one or more related transactions, (A) consolidate or merge with or into (whether or not the Issuer is the surviving corporation) another Person or Persons, or (B) sell, assign,
transfer, convey or otherwise dispose of all or substantially all of the properties or assets of the Issuer to 

  

 3 

 
another Person, or (C) allow another Person to make a purchase, tender or exchange offer that is accepted by the holders of more than fifty percent
(50%) of the outstanding shares of Voting Stock (not including any shares of Voting Stock held by the Person or Persons making or party to, or associated or affiliated with the Persons making or party to, such purchase, tender or exchange
offer), or (D) consummate a stock purchase or other business combination (including, without limitation, a reorganization, recapitalization, spin-off or scheme of arrangement) with another Person whereby such other Person acquires more than
fifty percent (50%) of the outstanding shares of Voting Stock (not including any shares of Voting Stock held by the other Person or other Persons making or party to, or associated or affiliated with the other Persons making or party to, such
stock purchase agreement or other business combination), or (E) reorganize, recapitalize or reclassify its Common Stock, or (ii) any “person” or “group” (as these terms are used for purposes of Sections 13(d) and 14(d)
of the Exchange Act is or shall become the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of more than fifty percent (50%) of the aggregate Voting Stock of the Issuer. 
 (n) “Holder” means (a) with respect to this Warrant, the Person in whose name the Warrant set forth herein is
registered on the books of the Issuer maintained for such purpose and (b) with respect to any shares of Warrant Stock, the Person or Persons in whose name(s) such Warrant Stock is registered on the books of the Issuer maintained for such
purpose. 
 (o) “Lien” means any mortgage, pledge, hypothecation, hypothec, right of others, claim,
security interest, encumbrance, lease, sublease, occupancy agreement, adverse claim or interest, easement, covenant, encroachment, burden, title defect, title retention agreement, voting trust agreement, interest, equity, option, lien, right of
first refusal, charge or other restrictions or limitations of any nature whatsoever, other than restrictions on the offer and sale of securities under federal and state securities Laws. For the avoidance of doubt, “Lien” shall not be
deemed to include any license of Intellectual Property. 
 (p) “NASD” means the National Association of
Securities Dealers, Inc., or any successor corporation thereto. 
 (q) “Original Issue Date” means the
date on which this Warrant is issued, as set forth on the cover page of this Warrant. 
 (r) “Person”
means any individual, sole proprietorship, partnership, joint venture, trust, unincorporated association, corporation, limited liability company, entity or government (whether federal, state, county, city or otherwise, including any instrumentality,
division, agency or department thereof). 
 (s) “Securities Act” means the Securities Act of 1933, as
amended, or any successor federal statute, and the rules and regulations of the Commission thereunder, all as the same shall be in effect at the time. 
 (t) “Selling Holders” means, with respect to the Registration Statement (as defined herein), the Holders who are selling at any given time thereunder. 
 (u) “Stock Purchase Rights” means any options, warrants or other securities or rights to subscribe to or
exercisable for the purchase of shares of Common Stock or Convertible Securities, whether or not immediately exercisable. 
 (v)
“Subsidiary” means, with respect to any Person, any corporation, limited liability company, partnership, association or other business entity of which (i) if a corporation, a 

  

 4 

 
majority of the total voting power of shares of stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors,
managers or trustees thereof is at the time owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination thereof, or (ii) if a limited liability company, partnership,
association or other business entity (other than a corporation), a majority of the partnership or other similar ownership interest thereof is at the time owned or controlled, directly or indirectly, by any Person or one or more Subsidiaries of that
Person or a combination thereof and for this purpose, a Person or Persons owns a majority ownership interest in such a business entity (other than a corporation) if such Person or Persons shall be allocated a majority of such business entity’s
gains or losses or shall be or control any managing director or general partner of such business entity (other than a corporation); and the term “Subsidiary” shall include all Subsidiaries of such Subsidiary. 
 (w) “Trading Day” means any day on which the Common Stock is traded on its principal market; provided,
however, that “Trading Day” shall not include any day on which the Common Stock is scheduled to trade on such exchange or market for less than 4.5 hours or any day that the Common Stock is suspended from trading during the final
hour of trading on such exchange or market (or if such exchange or market does not designate in advance the closing time of trading on such exchange or market, then during the hour ending at 4:00:00 p.m., New York Time). 
 (x) “Transfer” or “transfer” means any sale, assignment or transfer or any other
disposition of this Warrant or any shares of Warrant Stock or of any interest in either thereof, which would constitute a “sale” thereof within the meaning of the Securities Act. 
 (y) “Voting Stock” of a Person means capital stock of such Person of the class or classes pursuant to which the
holders thereof have the general right to elect, or the general right to appoint, at least a majority of the board of directors, managers or trustees of such Person (irrespective of whether or not at the time capital stock of any other class or
classes shall have or might have voting by reason of the happening of any contingency). 
 (z) “Warrant
Price” means an amount equal to (i) the number of shares of Common Stock being purchased upon exercise of this Warrant, which number shall not be less than all the shares of Common Stock for which this Warrant is able to be
exercised at the time of such exercise, multiplied by (ii) the Exercise Price as of the date of such exercise. 
 (aa)
“Warrants” means this Warrant and all warrants issued upon the permitted Transfer of this Warrant. All Warrants shall be identical as to terms and conditions and date. 
 (bb) “Warrant Stock” shall be deemed to include not only shares of Common Stock issued, issuable or both upon
exercise of the Warrants, but also (i) any other securities issued as (or issuable upon the conversion or exercise of any warrant, right or other security which is issued as) a dividend or other distribution with respect to, or in exchange by
the Issuer generally for, or in replacement by the Issuer generally of, any shares of Warrant Stock and (ii) any securities issued in exchange for any such Warrant Stock in any merger or reorganization of the Issuer, but in either such case
only so long as such securities have not been registered and Transferred pursuant to the Securities Act or Transferred in a transaction exempt from the registration and prospectus delivery requirements of the Securities Act so that all transfer
restrictions with respect to such securities are removed in connection with such Transfer. 
  

 5 

 Section 2. Exercise of Warrant. 
 (a) Right of Exercise by the Holder. 
 (i) At any time from and after the one (1) year anniversary of the Original Issue Date, the Holder shall have the right to exercise this Warrant, in whole and not in part, for the number of shares of Common Stock purchasable hereunder
in accordance with the terms of this Warrant at the Exercise Price as of the date of such exercise. 
 (ii) If at any time from and after the
Original Issue Date any Change of Control shall be effected, then the Holder shall have the right to exercise this Warrant, in whole and not in part, for the number of shares of Common Stock purchasable hereunder in accordance with the terms of this
Warrant, at the Exercise Price as of the effective date of such Change of Control. If the Holder does not exercise this Warrant prior to the consummation of any transaction that constitutes a Change of Control, this Warrant shall expire upon the
consummation of such transaction and the term “Expiration Date” in this Warrant shall mean the date when such transaction is consummated. 
 (iii) If at any time from and after the Original Issue Date, the Issuer executes a Fundamental Company Transaction, then the Holder shall have the right to exercise this Warrant, in whole and not in part, for the number of shares of Common
Stock purchasable hereunder in accordance with the terms of this Warrant, at the Exercise Price as of the effective date of such Fundamental Company Transaction. 
 (b) Manner of Exercise. 
 (i) In order to exercise this Warrant, the Holder shall (A) deliver to
the Issuer at the Designated Office a written notice of the Holder’s election to exercise this Warrant in full (an “Exercise Notice”), together with this Warrant, and (B) either pay to the Issuer the
Warrant Price or provide in the Exercise Notice that the Holder elects to exercise by Cashless Exercise (the date on which both such delivery and payment shall have first taken place being hereinafter sometimes referred to as the
“Exercise Date”). Such Exercise Notice shall be in the form of the subscription form appearing at the end of this Warrant as Annex A, duly executed by the Holder or its duly authorized agent or
attorney. Payment of the Warrant Price shall be made by (1) delivery of a certified check made to the order of the Issuer, (2) wire transfer in the amount of such Warrant Price to an account designated in writing by the Issuer, or
(3) Cashless Exercise pursuant to Section 2(b)(ii). 
 (ii) At any time that the Holder is able to exercise this Warrant,
the Holder may exercise this Warrant in a “cashless” or “net issue” exercise (a “Cashless Exercise”) by delivering to the Issuer (A) the Exercise Notice, which shall state the
Holder’s intention to exercise by a Cashless Exercise, and (B) the Warrant, pursuant to which the Holder shall surrender the right to receive upon exercise of this Warrant a number of shares of Warrant Stock having a value (as determined
below) equal to the Warrant Price, in which case the number of shares of Warrant Stock to be issued to the Holder upon such Cashless Exercise shall be calculated using the following formula: 
 X = Y * (A - B) 
       A 
 with X = the number of shares of Warrant Stock to be issued to the Holder. 
  

 6 

 Y = the number of shares of Warrant Stock with respect to which the Warrant is being exercised.

 A = the fair value per share of Common Stock on the Exercise Date; and 
 B = the then-current Exercise Price of this Warrant. 
 Solely for the purposes of this paragraph, “fair value” shall be determined to be the closing price of the Common Stock on its principal trading market on the date on which the Exercise Notice is received by the Issuer. For
example, if the number of shares of Common Stock subject to the Exercise Notice is one hundred (100), the fair value of each such share of Common Stock on the Exercise Date is Fifty Five Dollars ($55), and the Exercise Price of the Warrant is Forty
Dollars ($40), then the number of shares of Warrant Stock to be issued to the Holder would be Twenty Seven (27). In addition to issuing such number of shares to the Holders, the Issuer would pay (pursuant to Section 2(f)) to the Holder an
amount in cash equal to the fractional share caused by the exercise of the Warrant (0.27 shares) multiplied by the fair value of one (1) share of Common Stock ($55 per share), or Fourteen Dollars Eighty Five Cents ($14.85). 
 (iii) Upon receipt of such Exercise Notice, Warrant and payment, the Issuer shall, as promptly as practicable, and in any event within two
(2) Business Days thereafter, properly record (or cause to be recorded) in the Issuer’s record books the Holder’s ownership of the aggregate number of full shares of Common Stock issuable upon such exercise and provide the Holder with
evidence of such ownership and recordation in form and substance acceptable to such Holder. This Warrant shall be deemed to have been exercised and such certificate or certificates shall be deemed to have been issued, and the Holder or any other
Person so designated to be named therein shall be deemed to have become a holder of record of such shares for all purposes, as of the Exercise Date. 
 (c) Right of Mandatory Exercise by the Issuer. If at any time from and after the one (1) year anniversary of the Original Issue Date, the closing price of the Common Stock on its principal trading market,
for each Trading Day of any three (3) consecutive Trading Day period, equals or exceeds Fifty Dollars and Ninety Nine Cents ($50.99) per share (subject to equitable adjustment for stock splits, stock dividends, combinations and capital
reorganizations, as applicable) (the day following each such three (3) consecutive Trading Day period a “Mandatory Exercise Eligibility Date”), the Issuer shall have the right to require the Holder to
exercise this Warrant in whole and not in part, as designated in the Mandatory Exercise Notice (as defined below) into fully paid, validly issued and nonassessable shares of Common Stock in accordance with the terms of this Warrant at the Exercise
Price as of the Mandatory Exercise Eligibility Date (a “Mandatory Exercise”). The Issuer may exercise its right under this Section 2(c) by delivering within two (2) Trading Days after the
Mandatory Exercise Eligibility Date a written notice thereof pursuant to Section 12 hereof, to the Holder of this Warrant (the “Mandatory Exercise Notice”, and the date the Holder receives such
notice is referred to as the “Mandatory Exercise Notice Date”). The Mandatory Exercise Notice shall be irrevocable and shall state (i) the Trading Day selected for the Mandatory Exercise in accordance with
this Section 2(c), which Trading Day shall be at least twenty (20) Business Days but not more than sixty (60) Business Days following the Mandatory Exercise Notice Date (the “Mandatory Exercise
Date”), (ii) the aggregate number of Warrant Shares subject to Mandatory Exercise from the Holder, which number of Warrant Shares shall be issued to the Holder on the Mandatory Exercise Date. For any Mandatory Exercise of
this Warrant, payment of the Warrant Price shall be made by (A) delivery of a certified check made to the order of the Issuer, (B) wire transfer in the amount of such Warrant Price to an account designated in writing by the Issuer, or
(C) Cashless Exercise pursuant to Section 2(b)(ii). 
  

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 (d) Payment of Taxes. All shares of Common Stock issuable upon the exercise of this Warrant
pursuant to the terms hereof shall be validly issued, fully paid and nonassessable, issued without violation of any preemptive rights and free and clear of all Liens (other than any created by actions of the Holder). The Issuer shall pay all
expenses in connection with, and all taxes and other governmental charges that may be imposed with respect to, the issue or delivery of any shares of Common Stock issued upon the exercise of this Warrant to a Holder (each, an
“Issuance or Delivery Tax”), but not with respect to any actual or deemed disposition of Common Stock acquired or deemed acquired pursuant to the exercise of this Warrant. Any such Issuance or Delivery Tax that
is imposed by law upon the Holder shall be paid by the Holder and the Issuer shall reimburse the Holder therefor on an After-Tax Basis; provided, however, that in the event certificates for Warrant Stock are to be issued in a name
other than the name of the Holder, this Warrant when surrendered for exercise shall be accompanied by an Assignment Form in substantially the form of Annex B hereto, duly executed by the Holder; and the Issuer may require, as a condition
thereto, the payment of a sum sufficient to reimburse it for any transfer tax incidental thereto. 
 (e) Fractional Shares. The Issuer
shall not be required to issue or record a fractional share of Common Stock upon the exercise of this Warrant. As to any fraction of a share that the Holder would otherwise be entitled to purchase upon such exercise, the Issuer shall pay a cash
adjustment in respect of such final fraction in an amount equal to the same fraction of the market value of one share of Common Stock as of the closing date on the principal trading market for the Common Stock on the day immediately prior to such
payment. 
 (f) Continued Validity and Application. A Holder of shares of Warrant Stock issued upon the exercise of this Warrant,
including any transferee of such shares (other than a transferee in whose hands such shares no longer constitute Warrant Stock as defined herein), shall continue, with respect to such shares, to be entitled to all rights granted to Holders of
Warrant Stock, as well as any other rights ancillary thereto or necessary for enforcement of such rights, and to be subject to all obligations that are applicable to such Holder by the terms of this Warrant. 
 Section 3. Transfer, Division and Combination. 
 (a) Transfer. This Warrant may be transferred by the Holder, in whole or in part, to any Affiliate of the Holder at any time after the first anniversary of the date of issuance of this Warrant without the
consent of the Company. Any other transfer by the Holder hereof may only be made with the prior consent of the Company, which consent shall not be unreasonably withheld or delayed (it being understood and agreed that a delay in response of more than
ten (10) days shall be unreasonable). Any such transfer will be made in accordance with the Securities Act and any other applicable securities laws. Each transfer of this Warrant and all rights hereunder shall be registered on the books of the
Issuer to be maintained for such purpose, upon surrender of this Warrant at the Designated Office, together with a written assignment of this Warrant in the form of Annex B hereto duly executed by the Holder or its agent or attorney. Upon
such surrender and delivery, the Issuer shall execute and deliver a new Warrant in the name of the transferee and this Warrant shall promptly be cancelled. No transfer of this Warrant may be made to any Person who conducts business (directly or
indirectly) in competition with the Business of the Issuer (as defined in the Purchase Agreement). 
  

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 (b) Expenses. The Issuer shall prepare, issue and deliver at its own expense any new Warrant
required to be issued under this Section 3. 
 (c) Maintenance of Books. The Issuer agrees to maintain, at the Designated
Office, books for the registration and transfer of the Warrant. 
 (d) Affiliate. Shall mean, with respect to any party, any Person
directly or indirectly controlling, controlled by, or under common control with such party. With respect to Pure Fishing Holdings, LLC, “Affiliate” shall also mean any Person who is a member of such limited liability
company as of the Original Issue Date. 
 Section 4. Antidilution and Other Adjustments. The Exercise Price and number and kind
of shares or other securities to be issued upon exercise of this Warrant shall be subject to adjustment from time to time upon the occurrence of certain events during the period that this Warrant remains outstanding, as follows: 
 (a) Reclassification. If any Fundamental Transaction which does not constitute a Change of Control shall be effected, then, as a condition of such
Fundamental Transaction, lawful and adequate provision shall be made whereby the Holder shall thereafter have the right to purchase and receive upon the basis and upon the terms and conditions herein specified and in lieu of the shares of Common
Stock immediately theretofore issuable upon exercise of this Warrant, such shares of stock as would have been issuable or payable with respect to or in exchange for a number of shares of Common Stock equal to the number of shares of Common Stock
immediately theretofore issuable upon exercise of this Warrant, had such Fundamental Transaction not taken place, and in any such case appropriate provision shall be made with respect to the rights and interests of the Holder to the end that the
provisions hereof (including, without limitation, provision for adjustment of the Exercise Price) shall thereafter be applicable, the equivalent in relation to any shares of stock thereafter deliverable upon the conversion hereof. The Company shall
not effect any such Fundamental Transaction unless prior to or simultaneously with the consummation thereof the successor corporation (if other than the Company) resulting from such consolidation or merger, or the corporation purchasing or otherwise
acquiring such assets or other appropriate corporation or entity shall assume the obligation to deliver to the Holder, at the last address of the Holder appearing on the books of the Company, such shares of stock, securities or assets as, in
accordance with the foregoing provisions, the Holder may be entitled to purchase and receive, and the other obligations under this Warrant. The provisions of this Section 4(a) shall similarly apply to any successive reorganizations,
reclassifications, consolidations, mergers, sales, transfers or other dispositions. In the event that the Fundamental Transaction involves a “spin-off” or “split-off” of part of the Company into another stand-alone company (the
“Newco”), the Warrant will be subdivided pro rata into two Warrants, one issued by the Issuer and one issued by the Newco, based on the relative values of the Issuer and the Newco on the date of the spin-off or split-off, as the
case may be, in each case subject to the other terms and conditions set forth in this Warrant. 
 (b) Stock Splits, Combinations;
Dividends and Distributions. If the shares of Common Stock are subdivided or combined into a greater or smaller number of shares of Common Stock, or if a dividend or distribution is paid on the Common Stock or any preferred stock issued by the
Issuer in cash, property or shares of Common Stock (including any such reclassification in connection with a consolidation or merger in which the Issuer is the continuing corporation), then the Exercise Price in effect immediately prior to the date
upon which such change shall become effective, shall be adjusted by the Issuer so that the Holder thereafter exercising this Warrant shall be entitled to receive the number of shares of Common Stock or 

  

 9 

 
other capital stock which the Holder would have received if the Warrant had been converted immediately prior to such event upon payment of an Exercise Price
that has been adjusted to reflect a fair allocation of the economics of such event to the Holder (including reducing the Exercise Price to reflect the value of property or amount of cash distribution that such Holder would have received), without
regard to any limitation specified in this Section 4. Such adjustments shall be made successively whenever any event listed above shall occur. 
 (c) Adjustments. An adjustment to the Exercise Price shall become effective immediately after the payment date in the case of each dividend or distribution and immediately after the effective date of each other
event which requires an adjustment. In the event that, as a result of an adjustment made pursuant to this Section 4, the Holder shall become entitled to receive any shares of capital stock of the Issuer other than shares of Common Stock,
the number of such other shares so receivable upon exercise of this Warrant shall be subject thereafter to adjustment from time to time in a manner and on terms as nearly equivalent as practicable to the provisions contained in this Warrant.

 (d) Notice of Events. In case at any time: 
 (i) the Issuer shall declare any dividend upon its Common Stock or any other class or series of capital stock of the Issuer payable in cash or stock or make any other distribution to the holders of its Common Stock or
any such other class or series of capital stock; 
 (ii) the Issuer shall offer for subscription pro rata to the holders of its Common
Stock or any other class or series of capital stock of the Issuer any additional shares of stock of any class or other rights; or 
 (iii)
there shall be (A) any Fundamental Transaction or (B) a Change of Control and the Holder does not elect to exercise this Warrant pursuant to Section 2(a)(ii); 
 then, in any one or more of such cases, the Issuer shall give, pursuant to Section 12 hereof, (A) at least ten (10) Business Days’ prior written notice of the date on which the books of the
Issuer shall close or a record shall be taken for such dividend, distribution or subscription rights or for determining rights to vote in respect of any event set forth in subsections (i) and (ii) of this Section 4(d) and
(B) in the case of any event set forth in subsection (iii) of this Section 4(d), at least ten (10) Business Days’ prior written notice of the date when the same shall take place. Such notice in accordance with the
foregoing clause (A) shall also specify, in the case of any such dividend, distribution or subscription rights, the date on which the holders of Common Stock or such other class or series of capital stock shall be entitled thereto and such
notice in accordance with the foregoing clause (B) shall also specify the date on which the holders of Common Stock and such other series or class of capital stock shall be entitled to exchange their Common Stock and other stock for securities
or other property deliverable upon consummation of the applicable event set forth in subsection (iii) of this Section 4(d). 
 (e) Notice of Adjustment. Upon any adjustment of the Exercise Price, then and in each such case the Issuer shall give prompt written notice thereof pursuant to Section 12, which notice shall state the Conversion Price
resulting from such adjustment and setting forth in reasonable detail the method upon which such calculation is based. 
 (f) Other
Provisions Applicable to Adjustments Under this Section. The following provisions shall be applicable to the adjustments provided for pursuant to this Section 4: 
  

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 (i) Record Date. In case the Issuer shall take a record of the holders of the Common Stock for the
purpose of entitling them (A) to receive a dividend or other distribution payable in Common Stock, Convertible Securities or Stock Purchase Rights or (B) to subscribe for or purchase Common Stock, Convertible Securities or Stock Purchase
Rights, then all references in this Section 4 to the date of the issuance or sale of such shares of Common Stock, Convertible Securities or Stock Purchase Rights shall be deemed to be references to such record date. 
 (ii) Fractional Interests. In computing adjustments under this Section 4, fractional interests in Common Stock shall be taken into
account to the nearest 1/100th of a share. 
 (iii) When Adjustment Not Required. If the Issuer shall take a record of the holders of
its Common Stock for the purpose of entitling them to receive a dividend or distribution to which the provisions of Section 4 would apply, but shall, thereafter and before the distribution to stockholders thereof, legally abandon its
plan to pay or deliver such dividend or distribution, then thereafter no adjustment shall be required by reason of the taking of such record and any such adjustment previously made in respect thereof shall be rescinded and annulled. 
 (iv) Maximum Exercise Price. Except as provided above, at no time shall the Exercise Price per share of Common Stock exceed the amount set forth
in the preamble of this Warrant. 
 (v) Independent Application. Except as otherwise provided herein, all subsections of this
Section 4 are intended to operate independently of one another (but without duplication). If an event occurs that requires the application of more than one subsection, all applicable subsections shall be given independent effect without
duplication. 
 (g) Indemnification Under the Purchase Agreement. If at any time the Holder or any Member (as defined in the Purchase
Agreement) shall settle any Losses (as defined in the Purchase Agreement) to the Issuer or any other party under the Purchase Agreement by using the offset mechanism set forth in Section 7.6 of the Purchase Agreement, then for each One Thousand
Dollars ($1,000.00) of settled Losses under the Purchase Agreement, the number of shares of Common Stock issuable upon full exercise of this Warrant shall be reduced by one one-thousandth (1/1,000) of one percent (0.001%) of the original number
of shares of Common Stock for which this Warrant was originally exercisable by the Holder on the Original Issue Date; provided, that if a Member elects to use such offset mechanism only such Member’s Warrant shall be so reduced
(or, until the first anniversary of the Original Issue Date, the Warrant held by Pure Fishing Holdings, LLC shall be so reduced). By way of example and not of limitation, if the value of settled Losses under the Purchase Agreement shall be equal to
One Million Dollars ($1,000,000), the number of shares of Common Stock issuable upon full exercise of this Warrant would be reduced by one percent (1%). If the Issuer shall assert any claims against the Holder or any Member for Losses in excess of
Five Million Dollars ($5,000,000) pursuant to the Purchase Agreement, then the right of any Holder against whom such claim has been asserted to exercise the Warrant to purchase Warrant Stock held by it shall be deferred until such time as such
Holder informs the Issuer that it will settle any such claim by the payment of cash to the Issuer or such other Buyer Indemnified Party (as defined in the Purchase Agreement) to the extent that any of such claims are finally resolved in accordance
with Article VII of the Purchase Agreement in the favor of the Issuer or such other Buyer Indemnified Party. 
  

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 Section 5. No Impairment. The Issuer shall not by any action, including, without limitation,
amending its charter documents or through any reorganization, reclassification, transfer of assets, consolidation, merger, dissolution, issue or sale of securities or any other similar voluntary action, avoid or seek to avoid the observance or
performance of any of the terms of this Warrant, but will at all times in good faith assist in the carrying out of all such terms and in the taking of all such actions as may be necessary or appropriate to protect the rights of the Holder against
impairment. Without limiting the generality of the foregoing, the Issuer shall take such commercially reasonable action as may be appropriate in order that the Issuer may validly and legally issue fully paid and nonassessable shares of Common Stock
upon the exercise of this Warrant, free and clear of all Liens, and shall use commercially reasonable efforts to obtain all such authorizations, exemptions or consents from any public regulatory body having jurisdiction thereof as may be necessary
to enable the Issuer to perform its obligations under this Warrant. 
 Section 6. Reservation and Authorization of Common Stock,
Registration with or Approval of any Governmental Authority. From and after the Original Issue Date, the Issuer shall at all times reserve and keep available for issuance upon the exercise of the Warrants such number of its authorized but
unissued shares of Common Stock as will be sufficient to permit the exercise in full of the Warrant. All shares of Common Stock issuable pursuant to the terms hereof, when issued upon exercise of this Warrant with payment therefor in accordance with
the terms hereof, shall be duly and validly issued and fully paid and nonassessable, not subject to preemptive rights and shall be free and clear of all Liens. Before taking any action that would result in an adjustment in the number of shares of
Common Stock for which this Warrant is exercisable or in the Exercise Price, the Issuer shall obtain all such authorizations or exemptions thereof, or consents thereto, as may be necessary from any public regulatory body or bodies having
jurisdiction over such action. If any shares of Common Stock required to be reserved for issuance upon exercise of Warrants require registration or qualification with any governmental authority under any federal or state law before such shares may
be so issued, the Issuer will use commercially reasonable efforts to cause such shares to be duly registered. 
 Section 7. Notice of
Corporate Actions; Taking of Record; Transfer Books. 
 (a) Notices of Corporate Actions. In the event of: (i) any taking by
the Issuer of a record of the holders of any class of securities for the purpose of determining the holders thereof who are entitled to receive any dividend or distribution, or any right to subscribe for, purchase or otherwise acquire any shares of
capital stock of any class or any other securities, (ii) any capital reorganization of the Issuer, any reclassification or recapitalization of the capital stock of the Issuer or any consolidation or merger involving the Issuer and any other
Person or any transfer or other disposition of all or substantially all the assets of the Issuer to another Person, (iii) any voluntary or involuntary dissolution, liquidation or winding-up of the Issuer, (iv) any amendment of the
Certificate of Incorporation of the Issuer or (v) any registration or public offering of Common Stock, the Issuer shall mail to the Holder in accordance with the provisions of Section 12 hereof a notice specifying (A) the date
or expected date on which any such record is to be taken for the purpose of such dividend, distribution or right, and the amount and character of such dividend, distribution or right and (B) the date or expected date on which any such
reorganization, reclassification, recapitalization, consolidation, merger, transfer, disposition, dissolution, liquidation, winding-up, amendment or offering is to take place or become effective, the time, if any such time is to be fixed, as of
which the holders of record of Common Stock shall be entitled to exchange their shares of Common Stock for the securities or other property deliverable upon such reorganization, reclassification, recapitalization, consolidation, merger, transfer,
disposition, dissolution, liquidation or winding-up and a 

  

 12 

 
description in reasonable detail of the transaction. Such notice shall be mailed to the extent practicable at least thirty (30), but not more than ninety
(90) days prior to the date therein specified. In the event that the Issuer at any time sends any other notice to the holders of its Common Stock, it shall concurrently send a copy of such notice to the Holder of this Warrant. 
 (b) Taking of Record. In the case of all dividends or other distributions by the Issuer to the holders of its Common Stock with respect to which
any provision of any Section hereof refers to the taking of a record of such holders, the Issuer will in each such case take such a record and will take such record as of the close of business on a Business Day. 
 (c) Closing of Transfer Books. The Issuer shall not at any time, except upon dissolution, liquidation or winding up of the Issuer, close its stock
transfer books or Warrant transfer books so as to result in preventing or delaying the exercise or transfer of this Warrant. 
 Section 8. Registration Rights. 
 (a) Certain Definitions. For the purposes of this Section 8:

 (i) The Holders of this Warrant and the Warrant Stock are collectively referred to as “WS
Holders”. 
 (ii) Each WS Holder shall be deemed to “hold”, as of any specified date, (i) the
number of shares of Warrant Stock held by such WS Holder as of such date, or (ii) the number of shares of Warrant Stock issuable upon exercise of this Warrant. 
 (iii) The total number of shares of Warrant Stock deemed “outstanding”, as of any specified date, will be equal to (i) the total number of shares of Warrant Stock outstanding as of such date, or
(ii) the number of shares of Warrant Stock issuable upon exercise of this Warrant. 
 (b) Registration of Warrant Stock.

 (i) The Issuer shall (A) no later than the first (1st) anniversary of the Original Issue Date of this Warrant, file a registration statement (or any necessary amendments to a
previously filed registration statement) for the sale or other disposition of all of the Warrant Stock (which registration statement shall specify that the registered offering is being made on a delayed or continued basis pursuant to Rule 415 under
the Securities Act) (the “Registration Statement”); and (B) use commercially reasonable efforts to keep such Registration Statement Continuously Effective until the Expiration Date or such earlier date as
of which all Warrant Stock covered by the Registration Statement either (x) shall have been disposed of in the manner described therein or (y) may be sold immediately pursuant to Rule 144 under the Securities Act, and without volume
restrictions (such period, the “Effective Period”). 
 (ii) The Issuer shall be entitled to suspend for
up to 90 days the ability of WS Holders to sell under the Registration Statement if the Board determines, in its good faith reasonable judgment (with the concurrence of the managing underwriter, if any), that the Transfer of Warrant Stock at such
time would materially interfere with, or require premature disclosure of, any financing, acquisition, reorganization or other material transaction involving the Issuer or any of its Subsidiaries and the Issuer promptly gives notice to Pure Fishing
and each WS Holder of such determination; provided, however, that the Issuer shall have the ability to suspend the effectiveness of the Registration Statement pursuant to this Section 8.2(b)(ii) only once during any given
12-month period. 
  

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 (iii) The Registration Statement shall be on Form S-3 or such other appropriate registration statement
form of the Commission as shall be selected by the Issuer. If any offering to be made pursuant to the Registration Statement involves an underwritten offering (whether on a “firm”, “best efforts” or “all reasonable
efforts” basis or otherwise), or an agented offering, the holders of a majority of the shares of Warrant Stock shall have the right to select the underwriter or underwriters and manager or managers to administer such underwritten offering or
the placement agent or agents for such agented offering; provided, however, that each Person so selected shall be approved by the Issuer, which approval shall not be unreasonably withheld. 
 (c) Registration Procedures. In connection with the filing of the Registration Statement, the Issuer shall, as expeditiously as practicable:

 (i) Before filing the Registration Statement or related prospectus or any amendments or supplements thereto, the Issuer shall furnish to
counsel for Pure Fishing, copies of all such documents in the form substantially as proposed to be filed with the Commission at least two (2) Business Days prior to filing for review and comment by Pure Fishing or its counsel. 
 (ii) Prepare and file with the Commission such amendments and supplements to the Registration Statement and the prospectus used in connection with the
Registration Statement as may be necessary to comply with the provisions of the Securities Act and rules promulgated thereunder with respect to the disposition of all securities covered by the Registration Statement. If a WS Holder wishes to make
any sales under the Registration Statement through the means of an underwritten offering, the Issuer shall amend the Registration Statement or supplement the related prospectus whenever required by the terms of the underwriting agreement. Subject to
Rule 415 under the Securities Act, the Issuer shall amend the Registration Statement or supplement the related prospectus so that it will remain current and in compliance with the requirements of the Securities Act throughout the Effective Period,
and if during such period any event or development occurs as a result of which the Registration Statement or related prospectus contains a misstatement of a material fact or omits to state a material fact required to be stated therein or necessary
to make the statements therein, in light of the circumstances under which they were made, not misleading, the Issuer shall promptly notify each Warrant Holder and WS Holder, amend the Registration Statement or supplement the related prospectus so
that each will thereafter comply with the Securities Act and furnish to each Warrant Holder and WS Holder such amended or supplemented prospectus, which each such Warrant Holder and WS Holder shall thereafter use in the Transfer of Warrant Stock
covered by the Registration Statement. Pending such amendment or supplement each such Selling Holder shall cease making offers or Transfers of Warrant Stock pursuant to the prior prospectus. In the event that any Warrant Stock included in the
Registration Statement remains unsold at the end of the Effective Period, the Issuer may withdraw the Registration Statement or file a post-effective amendment to the Registration Statement for the purpose of removing such Warrant Stock from
registered status. 
 (iii) Furnish to each WS Holder, without charge, such numbers of copies of the Registration Statement, any
pre-effective or post-effective amendment thereto, the prospectus, including each preliminary prospectus and any amendments or supplements thereto, in each case in conformity with the requirements of the Securities Act and the rules thereunder, and
such other related documents as each WS Holder may reasonably request in order to facilitate the disposition of securities owned by it and covered by the Registration Statement. 
  

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 (iv) Use commercially reasonable efforts (A) to register and qualify the securities covered by the
Registration Statement under such other securities or blue sky laws of such states or jurisdictions (including foreign jurisdictions) as shall be reasonably requested by the Holder, and (B) to obtain the withdrawal of any order suspending the
effectiveness of the Registration Statement, or the lifting of any suspension of the qualification (or exemption from qualification) of the offer and transfer of the Warrant Stock in any jurisdiction, at the earliest possible moment;
provided, however, that the Issuer shall not be required in connection therewith or as a condition thereto to qualify to do business or to file a general consent to service of process in any such states or jurisdictions. 
 (v) In the event that any WS Holder shall choose to enter into an underwriting agreement or agency agreement with respect to any portion of the offering
to be made pursuant to the Registration Statement, enter into and perform the Issuer’s obligations under an underwriting or agency agreement (including indemnification and contribution obligations of underwriters or agents), in usual and
customary form, with the managing underwriter or underwriters of or agents for such offering. The Issuer shall also cooperate with the Selling Holders and the managing underwriter for such offering in the marketing of the Warrant Stock, including
making available the Issuer’s officers, accountants, counsel, premises, books and records for such purpose; provided, however that the Issuer shall not be required to incur any out-of-pocket expense (other than out-of-pocket
expenses that the relevant WS Holder has agreed to reimburse) pursuant to this Section 8(c)(v). 
 (vi) Promptly notify the
Selling Holders of any stop order issued or threatened to be issued by the Commission in connection with the Registration Statement (and take all reasonable actions required to prevent the entry of such stop order or to remove it if entered).

 (vii) Make generally available to the Issuer’s security holders copies of all periodic reports, proxy statements, and other
information referred to in Section 8(h) and an earnings statement satisfying the provisions of Section 11(a) of the Securities Act no later than 90 days following the end of the twelve (12)-month period beginning with the first
month of the Issuer’s first fiscal quarter commencing after the effective date of the Registration Statement. 
 (viii) Make available
for inspection by Pure Fishing, any underwriter participating in any offering pursuant to the Registration Statement and the representatives of Pure Fishing and such underwriter, all financial and other information as shall be reasonably requested
by them, and provide Pure Fishing, any underwriter participating in such offering and any of their representatives the opportunity to discuss the business affairs of the Issuer with its principal executives and independent public accountants who
have certified the audited financial statements included in the Registration Statement, in each case all as necessary to enable them to exercise their due diligence responsibility under the Securities Act; provided, however, that
information that the Issuer determines, in good faith, to be confidential and which the Issuer advises any such Person in writing is confidential shall not be disclosed unless such Person signs a confidentiality agreement reasonably satisfactory to
the Issuer or the related Selling Holder agrees to be responsible for such Person’s breach of confidentiality on terms reasonably satisfactory to the Issuer. 
 (ix) Provide and cause to be maintained a transfer agent and registrar for all Warrant Stock from and after a date not later than the effective date of the Registration Statement. 
  

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 (x) Use commercially reasonable efforts to cause the Warrant Stock covered by the Registration Statement
(A) if the Common Stock is then listed on a securities exchange or included for quotation in a recognized trading market, to continue to be so listed or included for a reasonable period of time after the offering, and (B) to be registered
with or approved by such other United States, state or foreign governmental agencies or authorities as may be necessary by virtue of the business and operations of the Issuer to enable the WS Holders to consummate the disposition of such Warrant
Stock. 
 (d) Selling Holders’ Obligations. It shall be a condition precedent to the obligations of the Issuer to take any action
pursuant to this Section 8 with respect to the Registration Statement that each Holder of Warrant Stock shall furnish to the Issuer such information regarding the Holder, the number of Shares of Warrant Stock owned by it, and the
intended method of disposition of the Warrant Stock as shall be required to effect the registration of such Holder’s Warrant Stock, and to cooperate with the Issuer in preparing the Registration Statement and any related prospectuses.

 (e) Expenses of Registration. Expenses incurred in connection with the Registration Statement shall be allocated and paid as
follows: 
 (i) The Issuer shall bear and pay all expenses incurred in connection with the Registration Statement, including all
registration, filing and NASD fees, all fees and expenses of complying with securities or blue sky laws or similar non-U.S. laws, all word processing, duplicating and printing expenses, messenger and delivery expenses, the fees and disbursements of
counsel for the Issuer, and of the Issuer’s independent public accountants (the “Registration Expenses”), but excluding underwriting discounts and commissions relating to the Registration Statement (which
shall be paid by the Selling Holders). 
 (ii) Any failure of the Issuer to pay any Registration Expenses as required by this
Section 8(e) shall not relieve the Issuer of its obligations under this Section 8. 
 (f) Indemnification;
Contribution. In connection with the Registration Statement, 
 (i) To the extent permitted by applicable law, the Issuer shall indemnify
and hold harmless each Selling Holder, each Person, if any, who controls such Selling Holder within the meaning of the Securities Act, and each officer, director, partner, and employee of such Selling Holder and such controlling Person, against any
and all losses, claims, damages, liabilities and expenses (joint or several), including reasonable attorneys’ fees and disbursements and reasonable expenses of investigation, incurred by such party pursuant to any actual or threatened action,
suit, proceeding or investigation, or to which any of the foregoing Persons may become subject under the Securities Act, the Exchange Act or other federal or state laws, insofar as such losses, claims, damages, liabilities and expenses arise out of
or are based upon any of the following statements, omissions or violations (collectively a “Violation”): 
 (A) any untrue statement or alleged untrue statement of a material fact contained in the Registration Statement, including any preliminary prospectus or final prospectus contained therein, or any amendments or
supplements thereto; 
 (B) the omission or alleged omission to state therein a material fact required to be stated in the
Registration Statement, or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading; or 
  

 16 

 (C) any violation or alleged violation by the Issuer of the Securities Act, the Exchange
Act, any applicable state securities law or any rule or regulation promulgated under the Securities Act, the Exchange Act or any applicable state securities law; 
 provided, however, that the indemnification required by this Section 8(f)(i) shall not apply to amounts paid in settlement of any such loss, claim, damage, liability or expense if such settlement is effected
without the consent of the Issuer (which consent shall not be unreasonably withheld or delayed), nor shall the Issuer be liable in any such case for any such loss, claim, damage, liability or expense to the extent that it is determined by a court of
competent jurisdiction by a final non-appealable order to have solely arisen out of or be based upon a Violation which occurred in reliance upon and in conformity with information furnished to the Issuer by the indemnified party expressly for use in
connection with the Registration Statement; provided, further, that the indemnity contained in this Section 8(f)(i) shall not apply to any underwriter to the extent that any such loss is based on or arises out of an untrue
statement or alleged untrue statement of a material fact, or an omission or alleged omission to state a material fact, contained in or omitted from any preliminary prospectus if the final prospectus shall correct such untrue statement or alleged
untrue statement, or such omission or alleged omission, and a copy of the final prospectus was not sent or given to the Person claiming a loss at or prior to the confirmation of sale to such Person if the underwriter was under an obligation to
deliver such final prospectus and failed to do so. 
 (ii) To the extent permitted by applicable law, each Selling Holder shall indemnify and
hold harmless the Issuer, each of its directors, each of its officers who shall have signed the Registration Statement, each Person, if any, who controls the Issuer within the meaning of the Securities Act, any other Selling Holder, any controlling
Person of any such other Selling Holder and each officer, director, partner, and employee of such other Selling Holder and such controlling Person, against any and all losses, claims, damages, liabilities and expenses (joint and several), including
attorneys’ fees and disbursements and expenses of investigation, incurred by such party pursuant to any actual or threatened action, suit, proceeding or investigation, or to which any of the foregoing Persons may otherwise become subject under
the Securities Act, the Exchange Act or other federal or state laws, insofar as such losses, claims, damages, liabilities and expenses are determined by a court of competent jurisdiction by a final non-appealable order to have solely arisen out of
or be based upon a Violation that occurred in reliance upon and in conformity with information furnished by such Selling Holder expressly for use in connection with such Registration Statement; provided, however, that (x) the
indemnification required by this Section 8(f)(ii) shall not apply to amounts paid in settlement of any such loss, claim, damage, liability or expense if settlement is effected without the consent of the relevant Selling Holder, which
consent shall not be unreasonably withheld, and (y) in no event shall the amount of any indemnity under this Section 8(f)(ii) exceed the net proceeds from the applicable offering received by such Selling Holder. 
 (iii) Promptly after receipt by an indemnified party under this Section 8(f) of notice of the commencement of any action, suit, proceeding,
investigation or threat thereof made in writing for which such indemnified party may make a claim under this Section 8(f), such indemnified party shall deliver to the indemnifying party a written notice of the commencement thereof and
the indemnifying party shall have the right to participate in, and, to the extent the indemnifying party so desires, jointly with any other indemnifying party similarly noticed, to assume the defense thereof with counsel mutually satisfactory to the
parties; provided, however, that an indemnified party shall have the right to retain its own counsel, with the fees and disbursements and expenses to be paid by the indemnifying party, if representation of such indemnified party by the
counsel retained by the indemnifying party would be inappropriate due 

  

 17 

 
to actual or likely conflicts of interest between such indemnified party and any other party represented by such counsel in such proceeding. The failure to
deliver written notice to the indemnifying party within a reasonable time following the commencement of any such action, if prejudicial to its ability to defend such action, shall relieve such indemnifying party of any liability to the indemnified
party under this Section 8(f) but shall not relieve the indemnifying party of any liability that it may have to any indemnified party otherwise than pursuant to this Section 8(f). Any fees and expenses incurred by the
indemnified party (including any fees and expenses incurred in connection with investigating or preparing to defend such action or proceeding) shall be paid to the indemnified party, as incurred, within thirty (30) days of written notice
thereof to the indemnifying party (regardless of whether it is ultimately determined that an indemnified party is not entitled to indemnification hereunder). Any such indemnified party shall have the right to employ separate counsel in any such
action, claim or proceeding and to participate in the defense thereof, but the fees and expenses of such counsel shall be the expenses of such indemnified party unless (A) the indemnifying party has agreed to pay such fees and expenses or
(B) the indemnifying party shall have failed to promptly assume the defense of such action, claim or proceeding or (C) the named parties to any such action, claim or proceeding (including any impleaded parties) include both such
indemnified party and the indemnifying party, and such indemnified party shall have been advised by counsel that there may be one or more legal defenses available to it which are different from or in addition to those available to the indemnifying
party and that the assertion of such defenses would create a conflict of interest such that counsel employed by the indemnifying party could not faithfully represent the indemnified party (in which case, if such indemnified party notifies the
indemnifying party in writing that it elects to employ separate counsel at the expense of the indemnifying party, the indemnifying party shall not have the right to assume the defense of such action, claim or proceeding on behalf of such indemnified
party, it being understood, however, that the indemnifying party shall not, in connection with any one such action, claim or proceeding or separate but substantially similar or related actions, claims or proceedings in the same jurisdiction arising
out of the same general allegations or circumstances, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (together with appropriate local counsel) at any time for all such indemnified parties, unless in the
reasonable judgment of such indemnified party, based on advice of outside counsel, a conflict of interest likely exists between such indemnified party and any other of such indemnified parties with respect to such action, claim or proceeding, in
which event the indemnifying party shall be obligated to pay the fees and expenses of such additional counsel or counsels). No indemnifying party shall be liable to an indemnified party for any settlement of any action, proceeding or claim without
the written consent of the indemnifying party, which consent shall not be unreasonably withheld. 
 (iv) If the indemnification required by
this Section 8(f) from the indemnifying party is unavailable to an indemnified party hereunder in respect of any losses, claims, damages, liabilities or expenses referred to in this Section 8(f): 
 (A) The indemnifying party, in lieu of indemnifying such indemnified party, shall contribute to the amount paid or payable by such
indemnified party as a result of such losses, claims, damages, liabilities or expenses in such proportion as is appropriate to reflect the relative fault of the indemnifying party and indemnified parties in connection with the actions which resulted
in such losses, claims, damages, liabilities or expenses, as well as any other relevant equitable considerations. The relative fault of such indemnifying party and indemnified parties shall be determined by reference to, among other things, whether
any Violation has been committed by, or relates to information supplied by, such indemnifying party or indemnified parties, and the parties’ 

  

 18 

 
relative intent, knowledge, access to information and opportunity to correct or prevent such Violation. The amount paid or payable by a party as a result of
the losses, claims, damages, liabilities and expenses referred to above shall be deemed to include, subject to the limitations set forth in Section 8(f)(i) and Section 8(f)(ii), any legal or other fees or expenses reasonably
incurred by such party in connection with any investigation or proceeding. 
 (B) The parties hereto agree that it would not
be just and equitable if contribution pursuant to this Section 8(f)(iv) were determined by pro rata allocation or by any other method of allocation which does not take into account the equitable considerations referred to in
Section 8(f)(iv)(A) above. No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent
misrepresentation. 
 (v) The indemnification required by this Section 8(f) shall be made by periodic payments of the amount
thereof during the course of the investigation or defense, as and when bills are received or expense, loss, damage or liability is incurred. 
 (vi) The obligations of the Issuer and the Selling Holders under this Section 8(f) shall survive the completion of any offering of Warrant Stock pursuant to the Registration Statement, and otherwise. 
 (g) Holdback. Each WS Holder, if so requested by the managing underwriter in connection with a registered offering by the Issuer of Common Stock,
Convertible Securities Stock Purchase Rights, shall not effect any public sale or distribution of shares of Common Stock (excluding any sale pursuant to Rule 144 or Rule 144A under the Securities Act and any sale as part of such underwritten or
agented registration), during the seven (7) days prior to and the 90-day period beginning on the date such registration statement is declared effective under the Securities Act by the Commission, provided, however, that such WS
Holder is timely notified of such period in writing by such managing underwriter, and provided, further, that such WS Holder is given the right to participate as a seller in such underwritten or agented offering on the same terms as
the Issuer, or such other Persons on whose behalf the Registration Statement has been filed have agreed to sell their securities in such offering. Notwithstanding the foregoing, this Section 8(g) shall not be applicable to or otherwise
be binding on the holders of Warrant Stock unless the Issuer causes all of its executive officers and directors to be similarly bound. 
 (h)
Additional Covenants of the Issuer. The Issuer hereby agrees and covenants that it shall file as and when applicable, on a timely basis, all reports required to be filed by it under the Exchange Act. If the Issuer is not required to file
reports pursuant to the Exchange Act or fails to file required reports, upon the request of any WS Holder, the Issuer shall make available to such requesting WS Holder the information specified in subparagraph (c)(2) of Rule 144 of the Securities
Act, and take such further action as may be reasonably required from time to time and as may be within the reasonable control of the Issuer, to enable WS Holders to Transfer the Warrant Stock without registration under the Securities Act within the
limitation of the exemptions provided by Rule 144 under the Securities Act or any similar rule or regulation hereafter adopted by the Commission. In addition, promptly upon the request of any WS Holder, the Issuer shall provide such WS Holder with
such financial statements, reports and other information as may be required to permit such WS Holder to Transfer shares of Warrant Stock to Qualified Institutional Buyers pursuant to Rule 144A of the Securities Act. 
  

 19 

 Section 9. Loss or Mutilation. Upon receipt by the Issuer from any Warrant Holder of evidence
reasonably satisfactory to it of the ownership of and the loss, theft, destruction or mutilation of this Warrant and an indemnity reasonably satisfactory to it (it being understood that the written indemnification agreement of or affidavit of loss
of Pure Fishing shall be a sufficient indemnity) and, in case of mutilation, upon surrender and cancellation hereof, the Issuer will execute and deliver in lieu hereof a new Warrant of like tenor to such Holder; provided, however, in
the case of mutilation, no indemnity shall be required if this Warrant in identifiable form is surrendered to the Issuer for cancellation. 
 Section 10. Office of the Issuer. As long as any of the Warrants remain outstanding, the Issuer shall maintain an office or agency, which may be the principal executive offices of the Issuer (the “Designated
Office”), where the Warrants may be presented for exercise, registration of transfer, division or combination as provided in this Warrant. Such Designated Office shall initially be the office of the Issuer at 555 Theodore Fremd
Avenue, Suite B-302, Rye, New York 10580. The Issuer may from time to time change the Designated Office to another office of the Issuer or its agent within the United States by notice given to all registered holders of Warrants at least ten
(10) Business Days prior to the effective date of such change. 
 Section 11. Certain Covenants of the Issuer. From the date
hereof until the Expiration Date, the Issuer covenants and agrees as follows: 
 (a) Compliance with Laws; Preservation of Corporate
Existence. The Issuer will use commercially reasonable efforts to comply in all material respects with all applicable securities laws, rules, regulations and orders and preserve and maintain its legal existence, and will preserve and maintain
its rights, franchises, qualifications and privileges in all material respects. 
 (b) Taxes. The Issuer will pay when due all taxes,
assessments, charges and levies imposed upon it or any of its properties or which it is required to withhold and pay over in connection with the issuance of this Warrant, except where such taxes, assessments or charges shall be contested in good
faith by appropriate proceedings and where adequate reserves therefor have been set aside on its books. 
 (c) Additional Information.
The Issuer shall notify Pure Fishing if at any time it ceases to be subject to the reporting requirements of the Exchange Act. During any period that the Issuer shall not be subject to such requirements, the Issuer shall, until the earlier of the
Expiration Date or the date upon which Pure Fishing has exercised this Warrant in full, (i) provide to Pure Fishing information that is comparable in all material respects to the information that the Issuer would have been required to file with
the Commission were it still subject to such requirements, and (ii) notify Pure Fishing of such information on the same schedule that it would have been required to file such information with the Commission. 
 (d) Rights Agreements. If the Issuer shall adopt a stockholder rights plan or other agreement pursuant to which holders of any Issuer security
(including “rights” that are issued to holders of Common Stock) shall have the right to acquire additional shares of Common Stock, other securities or property upon the acquisition by holders of in excess of a specified percentage of
Common Stock, such plan shall specify that the acquisition by Pure Fishing of Common Stock pursuant to the exercise of this Warrant shall not trigger such right to receive Common Stock, other securities or property. 
  

 20 

 Section 12. Miscellaneous. 
 (a) Nonwaiver. No course of dealing or any delay or failure to exercise any right hereunder on the part of the Issuer or the Holder of this Warrant
shall operate as a waiver of such right or otherwise prejudice the rights, powers or remedies of such Person. 
 (b) Notice Generally.
Any notice, demand, request, consent, approval, declaration, delivery or communication hereunder to be made pursuant to the provisions of this Warrant shall be sufficiently given or made if in writing and either delivered by facsimile or electronic
mail transmission with receipt acknowledged, in person or sent by overnight courier, registered mail or certified mail, return receipt requested, postage prepaid, addressed as follows: 
 if to any Holder of this Warrant or of Warrant Stock issued upon the exercise hereof, at its last known address appearing on the books of the Issuer maintained for such purpose; 
 if to the Issuer, at its Designated Office, with a copy to: 
  

									
		 	 Kaye Scholer LLC
	 		 		 	
		 	3 First National Plaza, Suite 4100	 		 		 	
		 	70 West Madison Street	 		 		 	
		 	Chicago, Illinois 60602-4231	 		 		 	
		 	Facsimile: (312) 583-2360	 		 		 	
		 	Attention: Gary R. Silverman	 		 		 	

 or at such other address as may be substituted by notice given as herein provided. The giving of any notice
required hereunder may be waived in writing by the party entitled to receive such notice. Every notice, demand, request, consent, approval, declaration, delivery or other communication hereunder shall be deemed to have been duly given or served on
the date on which it was sent by facsimile or electronic mail transmission, or personally delivered, with receipt acknowledged, or four (4) Business Days after the same shall have been deposited in the United States mail, or one
(1) Business Day after the same shall have been delivered to Federal Express or another overnight courier service. 
 (c) Limitation
of Liability. No provision hereof, in the absence of affirmative action by the Holder of this Warrant to purchase shares of Common Stock, and no enumeration herein of the rights or privileges of the Holder hereof, shall give rise to any
liability of such Holder to pay the Exercise Price for any Warrant Stock other than pursuant to an exercise of this Warrant, whether such liability is asserted by the Issuer or by creditors of the Issuer. 
 (d) Remedies. Each Holder of Warrants and/or Warrant Stock, in addition to being entitled to exercise its rights granted by law, including
recovery of damages, shall be entitled to specific performance of its rights provided under this Warrant. The Issuer agrees that monetary damages would not be adequate compensation for any loss incurred by reason of a breach by it of the provisions
of this Warrant and hereby agrees, in an action for specific performance, to waive the defense that a remedy at law would be adequate. 
 (e)
Successors and Assigns. This Warrant and the rights evidenced hereby shall inure to the benefit of and be binding upon the successors of the Issuer and the permitted transferees, successors and assigns of the Holder hereof. The provisions of
this Warrant are intended to be for the benefit of all Holders from time to time of this Warrant and to the extent applicable, all Holders of shares of Warrant Stock issued upon the exercise hereof (including permitted transferees), and shall be
enforceable by any such Holder. 
  

 21 

 (f) Amendment. This Warrant may be modified or amended or the provisions hereof waived with the
written consent of the Issuer and the Holder, or, after exercise of this Warrant, the Holders of a majority of the Warrant Stock. 
 (g)
Severability. Wherever possible, each provision of this Warrant shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Warrant shall be prohibited by or invalid under applicable
law, such provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this Warrant. 
 (h) Headings. The headings used in this Warrant are for the convenience of reference only and shall not, for any purpose, be deemed a part of this
Warrant. 
 (i) Governing Law. All matters relating to the interpretation, construction, validity and enforcement of this Warrant
shall be governed by and construed in accordance with the domestic laws of the State of New York without giving effect to any choice or conflict of law provision or rule (whether of the State of New York or any other jurisdiction) that would cause
the application of laws of any jurisdiction other than the State of New York. 
 [SIGNATURE PAGE
FOLLOWS] 
  

 22 

 IN WITNESS WHEREOF, the Issuer has caused this Warrant to be duly executed and attested as of the date
first set forth above. 
  

			
	JARDEN CORPORATION
		
	By:	 	 /s/ Ian Ashken

	Name:	 	Ian Ashken
	Title:	 	Chief Financial Officer

 WARRANT SIGNATURE PAGE 

 ANNEX A 
 SUBSCRIPTION FORM 
 The undersigned registered owner of this Warrant exercises this Warrant for the
purchase of              shares Common Stock of Jarden Corporation and herewith makes payment therefor pursuant to Section 2(b) of the Warrant, all at the price and on the terms
and conditions specified in this Warrant and requests that certificates for the shares of Common Stock hereby purchased (and any securities or other property issuable upon such exercise) be issued in the name of and delivered to
                                        
            , whose address is
                                        
                                        
                    , and represents that the Warrant being here delivered is not subject to any lien or encumbrance, other than any lien or
encumbrance created by this Warrant. 
  

					
	  

	(Name of Registered Owner)
	
	  

	(Signature of Registered Owner)
	
	  

	(Street Address)
	
	  

	(City)	 	(State)	 	(Zip Code)

 ANNEX B 
 ASSIGNMENT FORM 
 FOR VALUE RECEIVED the undersigned registered owner of this Warrant hereby sells,
assigns and transfers unto the Assignee named below all of the rights of the undersigned under this Warrant, with respect to the number of shares of Common Stock set forth below: 
  

			
	 Name and Address of Assignee
	  	 Number of Shares of
 Common Stock

		  	

 and does hereby irrevocably constitute and appoint
                                        
     attorney-in-fact to register such transfer onto the books of Jarden Corporation maintained for the purpose, with full power of substitution in the premises. 
  

									
	Dated:	 	  
	 		 	Print Name:	 	  

					
	 	 	 	 		 	Signature:	 	  

		 		 		 	Witness:

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