Document:

Exhibit 10.3 -  Schedule 3

		

			Exhibit 10.3

		

		
			
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						Schedule (Lease Intended as Security)

					
					
						Schedule

				
	
					
						Banc of America Leasing & Capital, LLC

					
					
						to Master Lease Agreement

					
					
						Number 003

				

		
			 
		

		
			 
		

		
			 
		

		
			This Schedule ("Schedule"), dated as of November 3, 2016, between Banc of America Leasing & Capital, LLC ("Lessor") and Private National Mortgage Acceptance Company, LLC ("Lessee") is executed pursuant to Master Lease Agreement Number 30350-90000 dated December 9, 2015 (the “Master Lease”), incorporated in this Schedule by this reference.   Unless otherwise defined in this Schedule, capitalized terms used in this Schedule have the respective meanings assigned to such terms in the Master Lease.  If any provision of this Schedule conflicts with any provision of the Master Lease, the provisions contained in this Schedule shall prevail.  Lessee hereby authorizes Lessor to insert the serial numbers and other identification data of the Equipment, dates, and other omitted factual matters or descriptions in this Schedule.
		

		
			 
		

		
			1.     Description of Equipment; Location.  The Equipment subject to this Schedule, which has a cost to Lessor in the aggregate of $4,300,000.00, which may include taxes, shipping, installation and other related expenses, if any (collectively "Lessor’s Cost"), are as follows:
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						Quantity

					
					
						Description

					
					
						Serial Number

					
					
						Lessor's Cost

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						See attached Exhibit A

					
						 

					
					
						 

				

		
			 
		

		
			 
		

		
			Location of Equipment.  The Equipment will be located or (in the case of over-the-road vehicles) based at the following locations:
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						Location

					
					
						Address

					
					
						City

					
					
						County

					
					
						State

					
					
						ZIP

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						See attached Exhibit A

					
					
						 

					
					
						 

					
					
						 

				

		
			 
		

		
			 
		

		
			2.     Acceptance.  Lessee acknowledges and represents that the Equipment (a) has been delivered to, received and inspected by Lessee, (b) is in good operating order, repair, condition and appearance, (c) is of the manufacture, design and capacity selected by Lessee and are suitable for the purposes for which the Equipment are leased, and are acceptable and satisfactory to Lessee, (d) do not require any additions or modifications to make them suitable for use, other than ancillary modifications or additions normally made by lessees of similar assets, and are available for use and lease by Lessee and Lessor, and (e) have been irrevocably accepted as "Equipment" leased by Lessee under this Schedule as of the date written below (the "Acceptance Date").  Lessee hereby authorizes and directs Lessor to reimburse Lessee or pay Vendors for the purchase price of the Equipment in accordance with Vendors’ invoices therefor, receipt and approval of which are hereby reaffirmed by Lessee. 
		

		
			 
		

		
			3.     Lease Term.  The original Lease Term for the Lease of Equipment under this Schedule consist of:  (i) an "Interim Term" (if any) beginning on the Acceptance Date, and continuing through and including the day preceding the Base Date; and (ii) a "Base Term" of thirty-six (36) months, beginning on  November 3, 2016  (the "Base Date").
		

		
			 
		

		
			4.     Rent.    Rent payable under this Schedule consists of:  (i) “Interim Rent”, which shall be due Lessor for each day of the interim Term and shall equal the daily equivalent of the initial Base Rent, and payable on the Base Date; and (ii) “Base Rent”, which shall be payable in arrears in thirty-six (36) consecutive monthly installments of the payment amount and interest (the "Payments") commencing on December 3, 2016 (the “Initial Payment”).  Each Payment shall be in the principal amount of $119,444.44, plus interest as described in the following paragraph, and due and payable on the same day of the month as the Initial Payment set forth above in each succeeding payment period (each, a "Payment Date") during the Lease Term.  All interest hereunder shall be calculated on the basis of a year of 360 days comprised of 12 months of 30 days each.
		

		
			 
		

		
			 
		

		
			

		 

 

		

			 

		

		

		
			Interest shall accrue on the entire Lessor’s Cost of this Schedule outstanding for any calendar month or portion thereof as reduced by each Payment of principal, at a per annum rate of interest equal to (i) two percent (2%) plus the rate of interest equal to the “average of interbank offered rates for dollar deposits in the London Market based on quotations of sixteen (16) major banks” for a term of thirty days as published in the Wall Street Journal under a heading entitled “Money Rates, London Interbank Offered Rates (LIBOR)” or any future or substitute heading, on the fifteenth day of the month preceding the month in which the Payment Date occurs for the applicable Payment, or (ii) if less, the highest rate of interest permitted by applicable law (the "Interest Rate").
		

		
			 
		

		
			5.     Tax Exemption; Personal Property Taxes.  Lessor will invoice Lessee for all sales and use taxes as and when due and payable in accordance with applicable law, unless Lessee timely delivers to Lessor a valid exemption certificate with respect to such taxes.  Delivery of such certificate shall constitute Lessee's representation and warranty that no such taxes shall become due and payable with respect to the Equipment, and Lessee shall indemnify and hold harmless Lessor from and against any and all liability or damages, including late charges and interest which Lessor may incur by reason of the assessment of such taxes.  Notwithstanding any provision to the contrary in this Lease, Lessee shall file directly with all appropriate taxing authorities all declarations, returns, inventories and other documentation with respect to any personal property taxes due or to become due with respect to the Equipment ("Taxes") and shall pay on or before the date when due all such Taxes assessed, billed or otherwise payable with respect to such Equipment directly to such taxing authorities. Upon request by Lessor, Lessee shall provide Lessor with copies of satisfactory documentation and proof of payment of such Taxes, and any penalties and interest thereon, and any other liabilities and damages that Lessor may incur arising out of the failure of Lessee to pay when due such Taxes.  The indemnity and covenants set forth herein shall continue in full force and effect and shall survive the expiration or earlier termination of this Lease.
		

		
			 
		

		
			6.     Status of Lease as “Lease Intended as Security.”  Any provision of the Master Lease to the contrary notwithstanding, Lessor and Lessee acknowledge and agree that the Lease of Equipment under this Schedule is and is intended to be a transaction which creates a security interest in personal property in favor of Lessor, and shall be construed to constitute a lease intended as security for all commercial law and federal income and state tax purposes.  Lessee and Lessor further acknowledge and agree that:  (i) any right, title or interest of Lessor in and to the Equipment is held for collateral security purposes and that Lessor shall be entitled to all of the rights and remedies of a secured party under Article 9 of the UCC and otherwise provided under applicable law;  (ii) Section 7(c) of the Master Lease shall not be applicable to the Lease evidenced by this Schedule;  (iii) Lessee shall be treated for both federal and state income tax purposes as the owner of the Equipment and shall be entitled to take all of the tax benefits (including, without limitation, all depreciation deductions) that may be available with respect to the Equipment;  (iv) upon the payment and performance of all of Lessee’s Obligations under this Schedule, and provided that there then exists no Event of Default, Lessee shall not be obligated to return the Equipment to Lessor pursuant to the provisions of Section 8 of the Master Lease;  and (v) the last sentence of Section 12(a) of the Master Lease as it relates to the Lease evidenced by this Schedule is deleted and replaced with the following:  “Any payments received by Lessor after the occurrence of an Event of Default, including proceeds of any disposition of Equipment, shall be applied in the following order: (A) to all costs, and (including Attorneys’ Fees), charges and expenses incurred in taking, removing, holding, repairing and selling or leasing the Equipment or other Collateral or enforcing the provisions hereof; (B) to the extent not previously paid by Lessee, to pay Lessor for any damages then remaining unpaid hereunder; and (C) the balance, if any, shall be paid to Lessee and/or other parties lawfully entitled thereto.”  
		

		
			 
		

		
			7.     Further Representations and Agreements.  Lessee represents, warrants and agrees as follows: (a) all representations and warranties of Lessee contained in the Master Lease are restated as of the Acceptance Date and are true and correct as of such date;  (b) there has been no material adverse change in the operations, business, properties or condition (financial or otherwise) of Lessee or any Guarantor since November 16, 2015; (c) there exists no Default or Event of Default as of the Acceptance Date; and  (d) the operation and maintenance of any Equipment in the ordinary course by Lessee do not require the entry into any software or other intellectual property rights agreement with any licensor or other person, except as disclosed to Lessor in writing prior to the Acceptance Date.
		

		
			 
		

		
			8.    End of Lease Term Purchase.  At the end of the Base Term, or within 15 days thereafter, Lessee shall purchase the Equipment on an "AS IS, WHERE IS" quitclaim basis, without representations or warranties of any kind, express or implied, for the cash amount of one dollar ($1.00) ("Purchase Price").  Lessee shall pay Lessor the Purchase Price on or before the expiration of the Base Term in immediately available funds.
		

		
			 
		

		
			 
		

		
			 
		

		
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						BANC OF AMERICA LEASING & CAPITAL, LLC

					
					
						Private National Mortgage Acceptance Company, LLC

					
						 

				
	
					
						By: /s/ Erin M. Parks 

					
					
						By: /s/ Pamela Marsh 

				
	
					
						Printed Name: Erin M. Parks

					
					
						Printed Name: Pamela Marsh

				
	
					
						Title: Assistant Vice President

					
					
						Title: Managing Director, Treasurer

				
	
					
						 

					
					
						Acceptance Date:  November 3, 2016

					
						 

				

		
			 
		

		
			Where multiple counterpart originals of this Schedule have been executed by Lessee and Lessor, only the counterpart marked “Lessor's Copy” shall be deemed chattel paper evidencing the Lease of Equipment subject to this Schedule, and a security interest in such chattel paper and Lease may be perfected through the transfer and possession of the “Lessor’s Copy” of such Schedule only, without the need to transfer possession of the Master Lease, any Related Agreement or any other document executed and delivered in connection with this Lease.Exhibit 4.4

 

NEITHER
THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS DOCUMENT NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE CONVERTIBLE
HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. EXCEPT AS PROVIDED HEREIN,
THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION
STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE
SELECTED BY THE HOLDER AND REASONABLY APPROVED BY THE COMPANY), IN A GENERALLY ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED
UNDER SAID ACT OR (II) UNLESS SOLD PURSUANT TO RULE 144 OR RULE 144A UNDER SAID ACT. NOTWITHSTANDING THE FOREGOING, THE SECURITIES
MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES.

 

 

 

SPORTS
FIELD HOLDINGS, INC.

 

COMMON
STOCK PURCHASE WARRANT

 

	Number
    of shares: ______	Holder:
    Spartan Capital Securities, LLC
	 	 
	Exercise
    Price per Share: $______	Warrant No.:

 

Expiration
Date: _________

 

FOR
VALUE RECEIVED, Sports Field Holdings, Inc., a corporation incorporated under the laws of the State of Nevada (the “Company”),
hereby certifies that Spartan Capital Securities, LLC, or his/her registered assigns (the “Warrant Holder”),
is entitled, subject to the terms set forth below, to purchase from the Company ____________ (_____________) shares (the “Warrant
Shares”) of common stock, $0.00001 par value (the “Common Stock”), of the Company at an exercise
price of ________ and __/100 Dollars ($_____) per share (as adjusted from time to time as provided in Section 6, per Warrant Share
(the “Exercise Price”), at any time and from time to time from and after the date thereof and through and including
5:00 p.m. New York City time on the Expiration Date.

 

This
Warrant is subject to the following terms and conditions:

 

1.        Registration of Warrant. The Company shall register this Warrant upon records to be maintained by the Company for that
purpose (the “Warrant Register”), in the name of the record Warrant Holder hereof from time to time. The Company
may deem and treat the registered Warrant Holder of this Warrant as the absolute owner hereof for the purpose of any exercise
hereof or any distribution to the Warrant Holder, and for all other purposes, and the Company shall not be affected by notice
to the contrary.

 

     

     

    

 

2.        Investment Representation. The Warrant Holder by accepting this Warrant represents that the Warrant Holder is acquiring
this Warrant for its own account for investment purposes and not with the view to any offering or distribution and that the Warrant
Holder will not sell or otherwise dispose of this Warrant or the underlying Warrant Shares in violation of applicable securities
laws. The Warrant Holder acknowledges that the certificates representing any Warrant Shares will bear a legend indicating that
they have not been registered under the United States Securities Act of 1933, as amended (the “1933 Act”) and
may not be sold by the Warrant Holder except pursuant to an effective registration statement or pursuant to an exemption from
registration requirements of the 1933 Act and in accordance with federal and state securities laws. If this Warrant was acquired
by the Warrant Holder pursuant to the exemption from the registration requirements of the 1933 Act afforded by Regulation S thereunder,
the Warrant Holder acknowledges and covenants that this Warrant may not be exercised by or on behalf of a Person (as defined herein)
during the one year distribution compliance period (as defined in Regulation S) following the date hereof. “Person”
means an individual, partnership, firm, limited liability company, trust, joint venture, association, corporation, or any other
legal entity.

 

3.        Validity of Warrant and Issue of Shares. The Company represents and warrants that this Warrant has been duly authorized
and validly issued and warrants and agrees that all of Common Stock that may be issued upon the exercise of the rights represented
by this Warrant will, when issued upon such exercise, be duly authorized, validly issued, fully paid and nonassessable and free
from all taxes, liens and charges with respect to the issue thereof. The Company further warrants and agrees that during the period
within which the rights represented by this Warrant may be exercised, the Company will at all times have authorized and reserved
a sufficient number of Common Stock to provide for the exercise of the rights represented by this Warrant.

 

4.        Registration
of Transfers and Exchange of Warrants.

 

a.
Subject to compliance with the legend set forth on the face of this Warrant, the Company shall register the transfer of any portion
of this Warrant in the Warrant Register, upon surrender of this Warrant with the Form of Assignment attached hereto duly completed
and signed, to the Company at the office specified in or pursuant to Section 8. Upon any such registration or transfer, a new
warrant to purchase Common Stock, in substantially the form of this Warrant (any such new warrant, a “New Warrant”),
evidencing the portion of this Warrant so transferred shall be issued to the transferee and a New Warrant evidencing the remaining
portion of this Warrant not so transferred, if any, shall be issued to the transferring Warrant Holder. The acceptance of the
New Warrant by the transferee thereof shall be deemed the acceptance of such transferee of all of the rights and obligations of
a Warrant Holder of a Warrant.

 

    	 	2	 

     

    

 

b.
This Warrant is exchangeable, upon the surrender hereof by the Warrant Holder to the office of the Company specified in or pursuant
to Section 8 for one or more New Warrants, evidencing in the aggregate the right to purchase the number of Warrant Shares which
may then be purchased hereunder. Any such New Warrant will be dated the date of such exchange.

 5.        Exercise of Warrants.

 

a.
Exercise of this Warrant shall be made upon surrender of this Warrant with the Form of Election to Purchase attached hereto duly
completed and signed to the Company, at its address set forth in Section 8. Payment upon exercise may be made at the written option
of the Warrant Holder either in (i) cash, wire transfer or by certified or official bank check payable to the order of the Company
equal to the applicable aggregate purchase price, (ii) by delivery of Warrant Shares issuable upon exercise of the Warrants in
accordance with Section (b) below or (iii) by a combination of any of the foregoing methods, for the number of Warrant Shares
specified in such form (as such exercise number shall be adjusted to reflect any adjustment in the total number of Warrant Shares
issuable to the Warrant Holder per the terms of this Warrant) and the Warrant Holder shall thereupon be entitled to receive the
number of duly authorized, validly issued, fully-paid and non-assessable Warrant Shares determined as provided herein. The Company
shall promptly (but in no event later than five (5) business days after the Date of Exercise as defined herein) issue or cause
to be issued and cause to be delivered to or upon the written order of the Warrant Holder and in such name or names as the Warrant
Holder may designate (subject to the restrictions on transfer described in the legend set forth on the face of this Warrant),
a certificate for the Warrant Shares issuable upon such exercise, with such restrictive legend as required by the 1933 Act, as
applicable. Any person so designated by the Warrant Holder to receive Warrant Shares shall be deemed to have become holder of
record of such Warrant Shares as of the Date of Exercise of this Warrant. Notwithstanding the foregoing, payment upon exercise
may be made in the manner described in Section 5(b) below only with respect to Warrant Shares not included for unrestricted
public resale in an effective registration statement.

 

b.
If the closing price (as quoted by the OTC Markets or other principal trading market, if applicable) reported on the day immediately
preceding the Date of Exercise (the “Fair Market Value”) of one share of Common Stock is greater than the Exercise
Price of one Warrant Share (at the date of calculation as set forth below), in lieu of exercising this Warrant for cash, the Warrant
Holder may elect to receive shares equal to the number of shares of Common Stock computed using the following formula:

 

X=Y
(A-B)

 A

 

Where
X= the number of shares of Common Stock to be issued to the Warrant Holder

 

Y=     the
number of shares of Common Stock purchasable under the Warrant or, if only a portion of the Warrant is being exercised, the portion
of the Warrant being exercised (at the date of such calculation)

 

    	 	3	 

     

    

 

A=     Fair
Market Value

 

B=     Exercise
Price (as adjusted to the date of such calculation)

 

For
purposes of Rule 144 promulgated under the 1933 Act, it is intended, understood and acknowledged that the Warrant Shares issued
in a cashless exercise transaction in the manner described above shall be deemed to have been acquired by the Warrant Holder,
and the holding period for the Warrant Shares shall be deemed to have commenced, on the date this Warrant was originally issued.

 

c.
A “Date of Exercise” means the date on which the Company shall have received (i) this Warrant (or any New Warrant,
as applicable), with the Form of Election to Purchase attached hereto (or attached to such New Warrant) appropriately completed
and duly signed, and (ii) payment of the Exercise Price for the number of Warrant Shares so indicated by the Warrant Holder to
be purchased.

 

d.
This Warrant shall be exercisable at any time and from time to time for such number of Warrant Shares as is indicated in the attached
Form of Election to Purchase. If less than all of the Warrant Shares which may be purchased under this Warrant are exercised at
any time, the Company shall issue or cause to be issued, at its expense, a New Warrant evidencing the right to purchase the remaining
number of Warrant Shares for which no exercise has been evidenced by this Warrant.

 

6.        Adjustment of Exercise Price and Number of Shares. The character of the shares of stock or other securities at the time
issuable upon exercise of this Warrant and the Exercise Price therefor, are subject to adjustment upon the occurrence of the following
events:

 

a.Adjustment
for Stock Splits, Stock Dividends, Recapitalizations, Etc. The Exercise Price of this Warrant and the number of shares of
Common Stock or other securities at the time issuable upon exercise of this Warrant shall be appropriately adjusted to reflect
any stock dividend, stock split, combination of shares, reclassification, recapitalization or other similar event affecting the
number of outstanding shares of stock or securities.

 

b.Adjustment
for Reorganization, Consolidation, Merger, Etc. In case of any consolidation or merger of the Company with or into any other
corporation, entity or person, or any other corporate reorganization, in which the Company shall not be the continuing or surviving
entity of such consolidation, merger or reorganization (any such transaction being hereinafter referred to as a “Reorganization”),
then, in each case, the holder of this Warrant, on exercise hereof at any time after the consummation or effective date of such
Reorganization (the “Effective Date”), shall receive, in lieu of the shares of stock or other securities at
any time issuable upon the exercise of the Warrant issuable on such exercise prior to the Effective Date, the stock and other
securities and property (including cash) to which such holder would have been entitled upon the Effective Date if such holder
had exercised this Warrant immediately prior thereto (all subject to further adjustment as provided in this Warrant).

 

    	 	4	 

     

    

 

c.Certificate
as to Adjustments. In case of any adjustment or readjustment in the price or kind of securities issuable on the exercise of
this Warrant, the Company will promptly give written notice thereof to the holder of this Warrant in the form of a certificate,
certified and confirmed by the Board of Directors of the Company, setting forth such adjustment or readjustment and showing in
reasonable detail the facts upon which such adjustment or readjustment is based.

 

7.        Fractional Shares. The Company shall not be required to issue or cause to be issued fractional Warrant Shares on the exercise
of this Warrant. The number of full Warrant Shares that shall be issuable upon the exercise of this Warrant shall be computed
on the basis of the aggregate number of Warrants Shares purchasable on exercise of this Warrant so presented. If any fraction
of a Warrant Share would, except for the provisions of this Section 7, be issuable on the exercise of this Warrant, the Company
shall, at its option, (i) pay an amount in cash equal to the Exercise Price multiplied by such fraction or (ii) round the number
of Warrant Shares issuable, up to the next whole number.

 

8.        Notice. All notices and other communications hereunder shall be in writing and shall be deemed to have been given (i) on
the date they are delivered if delivered in person; (ii) on the date initially received if delivered by facsimile transmission
followed by registered or certified mail confirmation; (iii) on the date delivered by an overnight courier service; or (iv) on
the third business day after it is mailed by registered or certified mail, return receipt requested with postage and other fees
prepaid as follows:

 

If
to the Company:

 

Sports
Field Holdings, Inc.

4320
Winfield Road, Suite 200

Warrenville,
IL 60555

 

If
to the Warrant Holder:

 

Spartan
Capital Securities, LLC

Attn:
John Lowry

45
Broadway – 9th Floor

New
York, NY 10006

 

9.        Miscellaneous.

 

a.
This Warrant shall be binding on and inure to the benefit of the parties hereto and their respective successors and permitted
assigns. This Warrant may be amended only in writing and signed by the Company and the Warrant Holder.

 

b.
Nothing in this Warrant shall be construed to give to any person or corporation other than the Company and the Warrant Holder
any legal or equitable right, remedy or cause of action under this Warrant; this Warrant shall be for the sole and exclusive benefit
of the Company and the Warrant Holder.

 

    	 	5	 

     

    

 

c.
This Warrant shall be governed by, construed and enforced in accordance with the internal laws of the State of New Jersey without
regard to the principles of conflicts of law thereof.

 

d.
The headings herein are for convenience only, do not constitute a part of this Warrant and shall not be deemed to limit or affect
any of the provisions hereof.

 

e.
In case any one or more of the provisions of this Warrant shall be invalid or unenforceable in any respect, the validity and enforceablilty
of the remaining terms and provisions of this Warrant shall not in any way be affected or impaired thereby and the parties will
attempt in good faith to agree upon a valid and enforceable provision which shall be a commercially reasonably substitute therefore,
and upon so agreeing, shall incorporate such substitute provision in this Warrant.

 

f.
The Warrant Holder shall not, by virtue hereof, be entitled to any voting or other rights of a shareholder of the Company, either
at law or equity, and the rights of the Warrant Holder are limited to those expressed in this Warrant.

 

[-Signature
page follows-]

 

    	 	6	 

     

    

 

IN
WITNESS WHEREOF, the Company has caused this Warrant to be duly executed by the authorized officer as of the date first above
stated.

 

	 	SPORTS FIELD HOLDINGS, INC.
	 	 	 
	 	By:  	 
	 	Name:  	Jeromy Olson
	 	Title:	Chief Executive Officer

 

 

     

     

    

 

FORM
OF ELECTION TO PURCHASE

 

(To
be executed by the Warrant Holder to exercise the right to purchase shares of Common Stock under the foregoing Warrant)

 

To:
SPORTS FIELD HOLDINGS, INC.

 

The
undersigned, pursuant to the provisions set forth in the attached Warrant (No.____), hereby irrevocably elects to purchase (check
applicable box):

 

___________ shares of the Common Stock covered by such Warrant; or

	___	the
    maximum number of shares of Common Stock covered by such Warrant pursuant to the cashless exercise procedure set forth therein.

 

The
undersigned herewith makes payment of the full purchase price for such shares at the price per share provided for in such Warrant,
which is $___________. Such payment takes the form of (check applicable box or boxes):

 

___
$__________ in lawful money of the United States; and/or

	___	the
    cancellation of such portion of the attached Warrant as is exercisable for a total of _______ shares of Common Stock (using
    a Fair Market Value of $_______ per share for purposes of this calculation); and/or

 

	___	the
    cancellation of such number of shares of Common Stock as is necessary, in accordance with the formula set forth in Section
    5 of the Warrant, to exercise this Warrant with respect to the maximum number of shares of Common Stock purchasable pursuant
    to the cashless exercise procedure set forth in Section 5(b).

 

After
application of the cashless exercise feature as described above, _____________ shares of Common Stock are required to be delivered
pursuant to the instructions below.

 

The
undersigned requests that the certificates for such shares be issued in the name of, and delivered to ___________________________________,
whose address is _____________________________________________________________.

 

[-Signature
page follows-]

 

     

     

    

 

The
undersigned represents and warrants that all offers and sales by the undersigned of the securities issuable upon exercise of the
within Warrant shall be made pursuant to registration of the Common Stock under the Securities Act of 1933, as amended (the “Securities
Act”), or pursuant to an exemption from registration under the Securities Act.

 

	 

         

         
	 	Name
    of Warrant Holder
	 	 	(Print)___________________________________
	 	 	(By:)____________________________________
	 	 	(Name:)_________________________________
	 	 	(Title:)__________________________________
	 	 	 
	 	 	Signatures
    must conform in all respects to the name of the Warrant Holder on the face of the Warrant.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     

     

    

 

FORM
OF ASSIGNMENT

 

(To
be executed by the Warrant Holder to assign the right to purchase shares of Common Stock under the foregoing Warrant)

 

FOR
VALUE RECEIVED, the undersigned hereby sells, assigns, and transfers unto the person(s) named below under the heading “Transferees”
the right represented by the within Warrant to purchase the percentage and number of shares of Common Stock of Sports Field Holdings,
Inc. to which the within Warrant relates specified under the headings “Percentage Transferred” and “Number Transferred,”
respectively, opposite the name(s) of such person(s) and appoints each such person Attorney to transfer its respective right on
the books of Sports Field Holdings, Inc.., with full power of substitution in the premises.

 

	Transferees	 	Percentage
    Transferred	 	Number
    Transferred
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 

	Dated:
    __________________, _______	 	 
	 	 	(Signature
        must conform to name of holder as specified

        on
        the face of the warrant)

	 	 	 
	Signed
        in the presence of:

         

         
	 	 
	 	 	 
	 	 	 
	(Name)	 	 
	 	 	(address)
	 	 	 
	ACCEPTED
    AND AGREED:	 	 
	[TRANSFEREE]	 	 
	 	 	(address)
	 	 	 
	 	 	 
	(Name)

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