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Exhibit 4.3  

No
sale, offer to sell or transfer of the securities represented by this warrant or any interest therein shall be made unless a registration statement under the Federal Securities Act of 1933, as
amended, with respect to such transaction is then in effect, or the issuer has received an opinion of counsel satisfactory to it that such transfer does not require registration under that Act. 

        This
Warrant will be void after 5:00 p.m. New York time on December 9, 2009 (i.e. five years from the first closing date of the Offering). 

 
 
COMMON STOCK PURCHASE WARRANT  

WARRANT NO. 1  

To
Subscribe for and Purchase Shares of 

Real-Estateforlease.com

(Transferability
Restricted as Provided in Paragraph 2 Below) 

        THIS CERTIFIES THAT, for value received, FORDHAM FINANCIAL MANAGEMENT, INC., or registered assigns, is entitled to subscribe for
and purchase from Real-Estateforlease.com, Inc., a corporation incorporated under the laws of the State of Delaware (the "Company") 769,500 fully paid and non-assessable
shares of Common Stock of the Company at the "Warrant Price" as hereinafter defined and during the period hereinafter set forth, subject, however, to the provisions and upon the terms and conditions
hereinafter set forth. This Warrant is one of an issue of the Company's Common Stock purchase warrants (herein called the "Warrants"), identical in all respects except as to the names of the holders
thereof and the number of Common Shares purchasable thereunder and issued pursuant to the Placement Agent Agreement. 

        1.     As
used herein: 

        (a)   "Common
Stock" or "Common Shares" shall initially refer to the Company's Common Stock, $0.001 par value, per share as more fully set forth in Section 5 hereof. 

        (b)   "Warrant
Price" shall be $1.75 which is subject to adjustment pursuant to Section 4 hereof. 

        (c)   "Placement
Agent" shall refer to FORDHAM FINANCIAL MANAGEMENT, INC. 

        (d)   "Placement
Agent Agreement" shall refer to the Placement Agent Agreement dated November 22, 2004 between the Company and the Placement Agent. 

        (e)   "Warrants"
shall refer to Warrants to purchase Common Shares issued to the Placement Agent or its designees by the Company pursuant to the Placement Agent Agreement, as
such may be adjusted from time to time pursuant to the terms of Section 4 and including any Warrants represented by any certificate issued from time to time in connection with the transfer,
partial exercise, exchange of any Warrants or in connection with a lost, stolen, mutilated or destroyed Warrant certificate, if any, or to reflect an adjusted number of Common Shares. 

        (f)    "Underlying
Securities" shall refer to and include the Common Stock issuable or issued upon exercise of the Warrants. 

        (g)   "Holders"
shall mean the registered holder of such Warrants or any issued Underlying Securities. 

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        (h)   "Memorandum"
shall mean the Company's Confidential Private Placement Memorandum dated November 22, 2004, which is being used (or was used) in connection with the
private offering of Series A Preferred Stock pursuant to the Placement Agent Agreement. 

        (i)    "Placement
Agent Securities" shall refer and mean the warrants and shares of Common Stock issued and/or issuable upon exercise of the Warrants. 

        (j)    "Offering"
means the private offering of Series A Preferred Stock in accordance with the Memorandum. 

        (k)   "Series A
Preferred Stock" means the Company's Series A Convertible Preferred Stock, par value $0.001 per share. 

        2.    Exercise and Payment.    

        (a)   The
purchase rights represented by this Warrant may be exercised by the Holder, in whole or in part, by the surrender of this Warrant at the principal office of the
Company, and by the payment to the Company, by certified, cashier's or other check acceptable to the Company, of an amount equal to the aggregate Warrant Price of the shares being purchased. 

        (b)    Net Issue Exercise.    In lieu of exercising this Warrant pursuant to Section 2(a), the Holder may elect
to receive shares of Common Stock equal to the value of this Warrant (or of any portion thereof remaining unexercised) by surrender of this Warrant at the principal office of the Company together with
notice of such election, in which event the Company shall issue to the Holder a number of shares of the Company's 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 Holder.
	 	 	Y	 = 	the number of shares of Common Stock purchasable under this Warrant (at the date of such calculation).
	 	 	A	 = 	the fair market value of one share of the Company's Common Stock (at the date of such calculation).
	 	 	B	 = 	Warrant Price (as adjusted to the date of such calculation).

        (c)    Fair Market Value.    For purposes of this Section 2, fair market value of one share of the Company's
Common Stock shall mean: (i) The average of the closing bid and asked prices of the Company's Common Stock quoted in the Over The Counter Market Summary or the closing price quoted on any exchange on
which the Common Stock is listed, whichever is applicable, as published in the [city] Edition of The Wall Street Journal for the [number] trading days
prior to the date of determination of fair market value; or (ii) If the Company's Common Stock is not traded Over The Counter or on an exchange, the per share fair market value of the Common Stock
shall be as determined by an independent appraiser appointed in good faith by the Company's Board of Directors. The cost of such appraisal shall be borne by the Company. 

        (d)    Stock Certificate.    In the event of any exercise of the rights represented by this Warrant, certificates for
the shares of Common Stock so purchased shall be delivered to the Holder within a reasonable time and, unless this Warrant has been fully exercised or has expired, a new Warrant representing the
Aggregate Price with respect to which this Warrant shall not have been exercised shall also be issued to Holder within such time. 

        (e)    Stock Fully Paid; Reservation of Shares.    The Company covenants and agrees that all Common Stock which may be
issued upon the exercise of the rights represented by this Warrant 

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will,
upon issuance, be fully paid and nonassessable and free from all taxes, liens and charges with respect to the issue thereof (excluding taxes based on the income of Holder). The Company further
covenants 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 for issuance a sufficient
number of shares of its Common Stock as would be required upon the full exercise of the rights represented by this Warrant. 

        3.     Subject
to the provisions of Section 8 hereof, (i) this Warrant is exchangeable at the option of the Holder at the aforesaid office of the Company for other
Warrants of different denominations entitling the Holder thereof to purchase in the aggregate the same number of Common Shares as are purchasable hereunder; and (ii) this Warrant may be divided
or combined with other Warrants which carry the same rights, in either case, upon presentation hereof at the aforesaid office of the Company together with a written notice, signed by the Holder
hereof, specifying the names and denominations in which new Warrants are to be issued, and the payment of any transfer tax due in connection therewith. 

        4.     Subject
and pursuant to the provisions of this Section 4, the Warrant Price and number of Common Shares subject to this Warrant shall be subject to adjustment from
time to time as set forth hereinafter in this Section 4. 

        (a)   In
case the Company shall sell or issue either any of its Common Shares or any rights, options, warrants or obligations or securities containing the right to subscribe
for or purchase any Common Shares ("Options") or exchangeable for or convertible into Common Shares ("Convertible Securities"), at a price per share, as determined pursuant to Section 4(b),
less than the Warrant Price then in effect on the date of such sale or issuance, then the number of Common Shares purchasable upon exercise of this Warrant shall be determined by multiplying the
number of Common Shares theretofore purchasable upon exercise of this Warrant by a fraction, (a) the numerator of which shall be the number of Common Shares outstanding on the date of issuance
of such Common Shares, Options or Convertible Securities and (b) the denominator of which shall be the number of Common Shares outstanding on the date prior to the date of issuance of such
Common Shares or Convertible Securities plus the number of Common Shares which the aggregate consideration received by the Company upon such issuance would purchase on such date at the Warrant Price
then in effect. 

        (b)   The
following provisions, in addition to other provisions of this Section 4, shall be applicable in determining any adjustment under Section 4(a): 

        (1)   In
case of the issuance or sale of Common Shares part or all of which shall be for cash, the cash consideration received by the Company therefor shall be deemed to be
the amount of cash proceeds of such sale of shares less any compensation paid or discount allowed in the sale, underwriting or purchase thereof by underwriters or dealers or others performing similar
services or any expenses incurred in connection therewith, plus the amounts, if any, determined as provided in Section 4(b)(2). 

        (2)   In
case of the issuance or sale of Common Shares wholly or partly for a consideration other than cash, the amount of the consideration other than cash received by the
Company for such shares shall be deemed to be the fair value of such consideration as determined by a resolution adopted by the Board of Directors of the Company acting in good faith, less any
compensation paid or incurred by the Company for any Underwriting of, or otherwise in connection with such issuance, provided, however, the amount of such consideration other than cash shall in no
event exceed the cost thereof as recorded on the books of the Company. In case of the issuance or sale of Common Shares (otherwise than upon conversion or exchange) together with other stock or
securities or other assets of the Company for a consideration which is received for both such Common Shares and other securities or assets, the Board of Directors of the Company acting in good faith
shall 

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determine
what part of the consideration so received is to be deemed to be the consideration for the issuance of such Common Shares, less any compensation paid or incurred by the Company for any
underwriting of, or otherwise in connection with such issuance, provided, however, the amount of such consideration other than cash shall in no event exceed the cost thereof as recorded on the books
of the Company. In case at any time the Company shall declare a dividend or make any other distribution upon any stock of the Company payable in Common Stock, then such common stock issuable in
payment of such dividend or distribution shall be deemed to have been issued or sold without consideration. 

        (3)   The
price per share of any Common Shares sold or issued by the Company (other than pursuant to Options or Convertible Securities) shall be equal to a price calculated by
dividing (A) the amount of the consideration received by the Company, as determined pursuant to Sections 4(b)(1) and 4(b)(2), upon such sale of issuance by (B) the number of Common
Shares sold or issued. 

        (4)   In
case the Company shall at any time after the date hereof issue any Options or Convertible Securities the following provisions shall apply in making any adjustment
pursuant to this Section 4: 

          (i)  The
price per share for which Common Stock is issuable upon the exercise of the Options or upon conversion or exchange of the Convertible Securities shall be determined
by dividing (A) the total
amount, if any, received or receivable by the Company as consideration for the issuance of such Options or Convertible Securities, plus the minimum aggregate amount of additional consideration, if
any, payable to the Company upon the exercise of such Options or the conversion or exchange of such Convertible Securities, by (B) the aggregate maximum number of shares of Common Stock
issuable upon the exercise of such Option or upon the conversion or exchange of such Convertible Securities. 

         (ii)  In
determining the price per share for which Common Stock is issuable upon exercise of the Options or conversion or exchange of the Convertible Securities as set forth
in Section 4(b)(4)(i) and in computing any adjustment pursuant to Section 4(a): (A) the aggregate maximum number of shares of Common Stock issuable upon the exercise of
such Convertible Securities shall be considered to be outstanding at the time such Options or Convertible Securities were issued and to have been issued for such price per share as determined pursuant
to Section 4(b)(4)(i) and (B) the consideration for the issuance of such Options or Convertible Securities and the amount of additional consideration payable to the Company upon
exercise of such Options or upon the conversion or exchange of such Convertible Securities shall be determined in the same manner as the consideration received upon the issuance or sale of Common
Shares as provided in Sections 4(b)(1) and 4(b)(2). 

        (iii)  On
the expiration of such Options or the termination of any right to convert or exchange any Convertible Securities, the number of Common Shares subject to this
Warrant shall forthwith be readjusted to such number of Common Shares as would have obtained had the adjustments made upon the issuance of such Options or Convertible Securities been made upon the
basis of the delivery of only the number of shares of Common Stock actually delivered upon the exercise of such Options or upon conversion or exchange of such Convertible Securities. 

        (iv)  If
the minimum purchase price per share of Common Stock provided for in any Option or the rate at which any Convertible Securities are convertible into or exchangeable
for Common Stock shall change or a different purchase price or rate shall become effective at any time or from time to time (other than pursuant to any 

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anti-dilution
provisions of such Options or Convertible Securities) then, upon such change becoming effective, the number of Common Shares subject to this Warrant shall forthwith be
increased or decreased to such number of shares as would have been obtained had the adjustments made upon the granting or issuance of such Options or Convertible Securities been made upon the basis of
(l) the issuance of the number of shares of Common Stock theretofore actually delivered upon the exercise of such Options or upon the conversion or exchange of such Convertible Securities, and
the total consideration received therefor, and (2) the granting or issuance at the time of such change of any such Options or Convertible Securities then still outstanding for the
consideration, if any, received by the Company therefor and to be received on the basis of such changed price or rate of exchange or conversion. 

        (5)   Except
as otherwise specifically provided herein the date of issuance or sale of Common Stock shall be deemed to be the date the Company is legally obligated to issue
such Common Shares, or pursuant
to paragraph 4(b)(4), the date the Company is legally obligated to issue any Option or Convertible Security. In case at any time the Company shall take a record date for the purpose of
determining the Holders of Common Stock entitled (i) to receive a dividend or other distribution payable in Common Stock or in Options or Convertible Securities or (ii) to subscribe for
or purchase Common Stock, Options or Convertible Securities then such record date shall be deemed to be the date of issue or sale of the Common Shares, Options or Convertible Securities deemed to have
been issued or sold upon the declaration of such dividend or the making of such distribution or the granting of such right of subscription or purchase, as the case may be. 

        (6)   The
number of shares of Common Stock outstanding at any given time shall not include treasury shares and the disposition of any such treasury shares shall be considered
an issue or sale of Common Stock for the purposes of this Section 4. 

        (7)   Anything
hereinabove to the contrary notwithstanding, no adjustment shall be made pursuant to Section 4(a) to the Warrant Price, or to the number of Underlying
Securities upon: 

          (i)  The
issuance or sale by the Company of any Common Shares, shares of Series A Preferred Stock (or Common Shares issuable upon conversion of such Series A
Preferred Stock), Options or Convertible Securities pursuant to (A) the Warrants, (B) the Offering, (C) the Placement Agent Agreement, (D) dividends on shares of
Series A Preferred Stock payable in shares of Series A Preferred Stock (including the issuance of shares of Common Stock issuable upon the conversion of such Series A Preferred
Stock), (E) the conversion or exchange of any security which is outstanding on any closing date of the Offering which is convertible or exchangable into shares of Common Stock, (F) the
exercise of any right, warrant or option which is outstanding on any closing date of the Offering or (G) the Stock Option Plans of the Company and its Subsidiaries as described in the
Memorandum. 

         (ii)  The
issuance or sale of Common Shares pursuant to the exercise of Options or conversion or exchange of Convertible Securities hereinafter issued for which an adjustment
has been made (or was not required to be made) pursuant to the provisions of Section 4 hereof. 

        (iii)  The
increase in the number of Common Shares subject to any Option or Convertible Security referred to in subsections (i) and (ii) hereof pursuant to the
provisions of such Option or Convertible Securities designed to protect against dilution. 

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        (c)   If
the Company shall at any time subdivide its outstanding Common Shares by recapitalization, reclassification or split-up thereof, the number of Common
Shares subject to this Warrant immediately prior to such subdivision shall be proportionately increased, and if the Company shall at any time combine the outstanding Common Shares by recapitalization,
reclassification or combination thereof, the number of Common Shares subject to this Warrant immediately prior to such combination shall be proportionately decreased. Any such adjustment to the
Warrant Price pursuant to this Section shall become effective at the close of business on the record date for such recapitalization, reclassification, subdivision or combination. 

        (d)   If
the Company after the date hereof shall distribute to all of the holders of its Common Shares any securities or other assets (other than a distribution of Common
Shares or a cash distribution made as a dividend payable out of earnings or out of any earned surplus legally available for dividends under the laws of the State of Delaware), the Board of Directors
of the Company shall be required to make such equitable adjustment in the Warrant Price in effect immediately prior to the record date of such distribution as may be necessary to preserve to the
Holder of this Warrant rights substantially proportionate to those enjoyed hereunder by such Holder immediately prior to the happening of such distribution. Any such adjustment made in good faith by
the Board of Directors shall be final and binding upon the Holders and shall become effective as of the record date for such distribution. 

        (e)   No
adjustment in the number of Common Shares subject to this Warrant shall be required under this Section 4 hereof unless such adjustment would require an
increase or decrease in such number of shares of at least 1% of the then adjusted number of Common Shares issuable upon exercise of this Warrant, provided, however, that any adjustments which by
reason of the foregoing are not required at the time to be made shall be carried forward and taken into account and included in determining the amount of any subsequent adjustment; and provided
further, however, that in case the Company shall at any time subdivide or combine the outstanding Common Shares or issue any additional Common Shares as a dividend, said percentage shall forthwith be
proportionately increased in the case of a combination or decreased in the case of a subdivision or dividend of Common Shares so as to appropriately reflect the same. If the Company shall make a
record of the Holders of its Common Shares for the purpose of entitling them to receive any dividend or distribution and legally abandon its plan to pay or deliver such dividend or distribution then
no adjustment in the number of Common Shares subject to the Warrant shall be required by reason of the making of such record. 

        (f)    Whenever
the number of Common Shares purchasable upon the exercise of this Warrant is adjusted, as provided in Section 4, the Warrant Price shall be adjusted (to
the nearest one tenth of a cent by multiplying such Warrant Price immediately prior to such adjustment by a fraction, the numerator of which shall be the number of Common Shares purchasable upon the
exercise of this Warrant immediately prior to such adjustment, and the denominator of which shall be the number of Common Shares so purchasable immediately thereafter. 

        (g)   In
case of any reclassification of the outstanding Common Shares (other than a change covered by Section 4(c) hereof or which solely affects the par value of such
Common Shares) or in the case of any merger or consolidation of the Company with or into another corporation (other than a consolidation or merger in which the Company is the continuing corporation
and which does not result in any reclassification or capital reorganization of the outstanding Common Shares), or in the case of any sale or conveyance to another corporation of the property of the
Company as an entirety or substantially as an entirety in connection with which the Company is dissolved, the Holder of this Warrant shall have the right thereafter (until the expiration of the right
of exercise of this Warrant) to receive upon the exercise hereof, for the same aggregate Warrant Price payable hereunder immediately prior to such event, the kind and amount of shares of stock or
other securities or property receivable upon such reclassification, capital reorganization, 

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merger
or consolidation, or upon the dissolution following any sale or other transfer, by a Holder of the number of Common Shares of the Company obtainable upon the exercise of this Warrant
immediately prior to such event; and if any reclassification also results in a change in Common Shares covered by Section 4(c), the such adjustment shall be made pursuant to both this
Section 4(g) and Section 4(c). The provisions of this Section 4(g) shall similarly apply to successive re-classifications, or capital reorganizations, mergers or
consolidations, sales or other transfers. 

        If
the Company after the date hereof shall issue or agree to issue the Common Shares, Options or Convertible Securities, other than as described in this Section 4, and such
issuance or agreement would materially affect the rights of the Holder of this Warrant, the Warrant Price and the number of Common Shares obtainable upon exercise of this Warrant shall be adjusted in
such manner, if any, and at such time, as the Board of Directors of the Company, in good faith, may determine to be equitable in the circumstances. The minutes or unanimous consent approving such
action shall set forth the Board's determination as to whether an adjustment is warranted and the manner of such adjustment. In the absence of such determination, any Holder may request in writing
that the Board make such determination. Any such determination made in good faith by the directors shall be final and binding upon the Holders. If the Board fails, however, to make such determination
within sixty (60) days after such request, such failure shall be deemed a determination that an adjustment is required. 

        (h)   (1)
Upon occurrence of each event requiring an adjustment of the Warrant Price and of the number of Common Shares obtainable upon exercise of this Warrant in accordance
with, and as required by, the terms of this Section 4, the Company shall forthwith employ a firm of certified public accountants (who may be the regular accountants for the Company) who shall
compute the adjusted Warrant Price and the adjusted number of Common Shares purchasable at such adjusted Warrant Price by reason of such event in accordance with the provisions of this
Section 4. The Company shall mail forthwith to the Holder of this Warrant a copy of such computation which shall be conclusive and shall be binding upon such Holder unless contested by such
Holder by written notice to the Company within thirty (30) days after receipt thereof by such Holder. 

        (2)   In
case the Company after the date hereof shall propose (i) to pay any dividend payable in stock to the Holders of its Common Shares or to make any other
distribution (other than cash dividends) to the Holders of its Common Shares rights to subscribe to or purchase any additional shares of any class or any other rights or options, or (iii) to
effect any reclassification of Common Shares (other than a reclassification involving merely the subdivision or combination of outstanding Common Shares) or (iv) any capital reorganization or
any consolidation or merger, or any sale, transfer or other disposition of its property, assets and business substantially as an entirety, or the liquidation, dissolution or winding up of the Company,
then in each such case, the Company shall obtain the computation described in Section 4(h)(1) hereof and if an adjustment to the Warrant Price is required under this Section 4, the
Company shall notify the registered Holder of this Warrant of such proposed action, which shall specify the record date for any such action or if no record date is established with respect thereto,
the date on which such action shall occur or commence, or the date of participation therein by the Holders of Common Shares if any such date is to be fixed, and shall also set forth such facts with
respect thereto as shall be reasonably necessary to indicate the effect of such action on the Warrant Price and the number, or kind, or class of shares or other securities or property obtainable upon
exercise of this Warrant after giving affect to any adjustment which will be required as a result of such action. Such notice shall be given at least twenty (20) days prior to the record date
for determining Holders of the Common Shares for purposes of any such action, and in the case of any action for which a record date is not established then such notice shall be mailed at least twenty
(20) days prior to the taking of such proposed action. 

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        (3)   Failure
to file any certificate or notice or to mail any notice, or any defect in any certificate or notice, or any defect in any certificate or notice, pursuant to this
Section 4(h), shall not effect the legality or validity of the adjustment in the Warrant Price or in the number, or kind, or class or shares or other securities or property obtainable upon
exercise of this Warrant or of any transaction giving rise thereto. 

        (i)    The
Company shall not be required to issue fractional Common Shares upon any exercise of this Warrant. As to any final fraction of a Common Share which the Holder of
this Warrant would otherwise be entitled to purchase upon such exercise, the Company shall pay the Holder the cash equivalent of such fraction of a Common Share. 

        (j)    Irrespective
of any adjustments pursuant to this Section 4 in the Warrant Price or in the number, or kind, or class of shares or other securities or other
property obtainable upon exercise of this Warrant, this Warrant may continue to express the Warrant Price and the number of Common Shares obtainable upon exercise at the same price and number of
Common Shares as are stated herein. 

        5.     For
the purposes of this Warrant, the terms "Common Shares" or "Common Stock" or "Warrant Shares" shall mean (i) the class of stock designated as the common stock,
$0.001 par value, of the Company on the date set forth on the first page hereof or (ii) any other class of stock resulting from successive changes or re-classifications of such
Common Stock consisting solely of changes in par value, or from no par value to par value, or from par value to no par value. If at any time, as a result of an adjustment made pursuant to
Section 4, the securities or other property obtainable upon exercise of this Warrant shall include shares or other securities of the Company other than Common Shares or securities of another
corporation or other property, thereafter, the number of such other shares or other securities or property so obtainable shall be subject to adjustment from time to time in a manner and on terms as
nearly equivalent as practicable to the provisions with respect to the Common Shares contained in Section 4 and all other provisions of this Warrant with respect to Common Shares shall apply on
like terms to any such other shares or other securities or property. Subject to the foregoing, and unless the context requires otherwise, all references herein to Common Shares shall, in the event of
an adjustment pursuant to Section 4, be deemed to refer also to any other securities or property then obtainable as a result of such adjustments. 

        6.     The
Company covenants and agrees that: 

        (a)   During
the period within which the rights represented by the Warrant may be exercised, the Company shall, at all times, reserve and keep available out of its authorized
capital stock, solely for the purposes of issuance upon exercise of this Warrant, such number of its Common Shares as shall be issuable upon the exercise of this Warrant; and if at any time the number
of authorized Common Shares shall not be sufficient to effect the exercise of this Warrant, the Company will take such corporate action as may be necessary to increase its authorized but unissued
Common Shares to such number of shares as shall be sufficient for such purpose; the Company shall have analogous obligations with respect to any other securities or property issuable upon exercise of
this Warrant; 

        (b)   All
Common Shares which may be issued upon exercise of the rights represented by this Warrant will, upon issuance be validly issued, fully paid, nonassessable and free
from all taxes, liens and charges with respect to the issuance thereof; and 

        (c)   All
original issue taxes payable in respect of the issuance of Common Shares upon the exercise of the rights represented by this Warrant shall be borne by the Company
but in no event shall the Company be responsible or liable for income taxes or transfer taxes upon the transfer of any Warrants. 

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        7.     Until
exercised, this Warrant shall not entitle the Holder hereof to any voting rights or other rights as a stockholder of the Company. 

        8.     In
no event shall this Warrant be sold, transferred, assigned or hypothecated except in conformity with the applicable provisions of the Securities Act of 1933, as
amended and as then in force (the "Act"), or any similar Federal statute then in force, and all applicable "Blue Sky" laws. 

        9.     The
Holder of this Warrant, by acceptance hereof, agrees that, prior to the disposition of this Warrant or of any Common Shares theretofore purchased upon the exercise
hereof, under circumstances that might require registration of such securities under the Act, or any similar Federal statute then in force, such Holder will give written notice to the Company
expressing such Holder's intention of effecting such disposition, and describing briefly such Holder's intention as to the disposition to be made of this Warrant and/or the securities theretofore
issued upon exercise hereof. Promptly upon receiving such notice, the Company shall present copies thereof to its counsel and the provisions of the following subdivisions shall apply: 

        (a)   If,
in the opinion of such counsel, the proposed disposition does not require registration under the Act or qualification pursuant to Regulation A promulgated
under the Act, or any similar Federal statute then in force, of this Warrant and/or the securities issuable or issued upon the exercise of this Warrant, the Company shall, as promptly as practicable,
notify the Holder hereof of such opinion, whereupon such Holder shall be entitled to dispose of this Warrant and/or such Common Shares theretofore issued upon the exercise hereof, all in accordance
with the terms of the notice delivered by such Holder to the Company. 

        (b)   If,
in the opinion of such counsel, such proposed disposition requires such registration or qualification under the Act, or similar Federal statute then in effect, of
this Warrant and/or the Common Shares issuable or issued upon the exercise of this Warrant, the Company shall promptly give written notice to the Holder of the Warrant, at the address thereof shown on
the books of the Company. 

        It
should be noted that Section 2 of the Placement Agent Agreement provides for the following registration rights: 

        "Commencing
12 months after the final closing date of this offering and expiring four years thereafter, upon request of the Placement Agent or the holders of a majority of the
Placement Agent Securities, on one occasion only at the Company's sole expense, the Company shall file a registration statement under the Act with the Securities and Exchange Commission (the
"Commission") to register the Placement Agent Securities for resale unless such shares can be resold without volume restriction pursuant to Rule 144. The Company agrees to register such
securities expeditiously and, where possible, within forty-five (45) business days after receipt of such request. The Company agrees to use its "best efforts" to cause the
registration statement to become effective as soon as possible and to keep such registration statement current until the earlier of (i) 18 months from the initial effective date of the
registration statement or (ii) the sale of all registered securities, so that the holders of Placement Agent Securities can publicly offer their shares for sale. The Placement Agent may demand
registration without the holders of the Placement Agent Securities being required to exercise the Placement Agent Warrants and acquire the underlying securities. Commencing 12 months after the
final closing date of this Offering and expiring four years thereafter, in the event that the Company should file a Registration Statement with the Commission pursuant to the Act, regardless of
whether some of the holders of the Placement Agent Securities shall have theretofore availed themselves of the right provided in the preceding paragraph, the Company, at its own expense, will offer to
said holders the opportunity to register for resale to the public the Placement Agent Securities. This paragraph is not applicable to a Registration Statement filed by the Company with the SEC on
Form S-8 or 

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any
other inappropriate form. The piggy-back registration rights described in this paragraph shall be unlimited until such time as the current holders of the Placement Agent Securities
have notified the Company that they no longer own such securities." 

        10.   The
Company agrees to indemnify, defend and hold harmless the holder of this Warrant, or of Underlying Securities issuable or issued upon the exercise hereof, from and
against any claims and liabilities caused by any untrue statement of a material fact, or omission to state a material fact required to be stated, in any such registration statement, prospectus,
notification or offering circular under Regulation A, except insofar as such claims or liabilities are caused by any such untrue statement or omission based on information furnished in writing
to the Company by such holder, or by any other such holder affiliated with the holder who seeks indemnification, as to which the holder hereof, by acceptance hereof, agrees to indemnify, defend and
hold harmless the Company. 

        11.   If
this Warrant, or any of the Underlying Securities issuable pursuant hereto, require qualification or registration with, or approval of, any governmental official or
authority (other than registration under the Act, or any similar Federal statute at the time in force), before such shares may be issued on the exercise hereof, the Company, at its expense, will take
all requisite action in connection with such qualification, and will use its best efforts to cause such securities to be duly registered or approved, as may be required. 

        12.   This
Warrant is exchangeable, upon its surrender by the registered holder at such office or agency of the Company as may be designated by the Company, for new Warrants
of like tenor, representing, in the aggregate, the right to subscribe for and purchase the number of Common Shares that may be subscribed for and purchased hereunder, each of such new Warrants to
represent the right to subscribe for and purchase such number of Common Shares as shall be designated by the registered holder at the time of such surrender. Upon receipt of evidence satisfactory to
the Company of the loss, theft, destruction or mutilation of this Warrant, and, in the case of any such loss, theft or destruction, upon delivery of a bond of indemnity satisfactory to the Company, or
in the case of such mutilation, upon surrender or cancellation of this Warrant, the Company will issue to the registered holder a new Warrant of like tenor, in lieu of this Warrant, representing the
right to subscribe for and purchase the number of Common Shares that may be subscribed for and purchased hereunder. Nothing herein is intended to authorize the transfer of this Warrant except as
permitted by applicable law. 

        13.   Every
Holder hereof, by accepting the same, agrees with any subsequent Holder hereof and with the Company that this Warrant and all rights hereunder are issued and shall
be held subject to all of the terms, conditions, limitations and provisions set forth in this Warrant, and further agrees that the Company and its transfer agent may deem and treat the registered
Holder of this Warrant as the absolute owner hereof for all purposes and shall not be affected by any notice to the contrary. 

        14.   All
notices required hereunder shall be given by first-class mail, postage prepaid; if given by the holder hereof, addressed to the Company at 8040 Airport Rd., Suite T,
Georgetown, TX 78628 with a copy to the Company's counsel at Winstead Sechrest & Minick P.C., 401 Congress Ave., Suite 2100, Austin, TX 78701 or such other address as the Company may designate
in writing to the holder hereof; and if given by the Company, addressed to the holder at the address of the holder shown on the books of the Company. 

        15.   The
Company will not merge or consolidate with or into any other corporation, or sell or otherwise transfer its property assets and business substantially as an entirety
to another corporation, unless the corporation resulting from such merger or consolidation (if not the Company), or such transferee corporation, as the case may be, shall expressly assume, by
supplemental agreement satisfactory in form to the Placement Agent, the due and punctual performance and observance of each and even covenant and condition of this Warrant to be performed and observed
by the Company. 

10

 

        16.   The
Placement Agent is an accredited investor as such term is defined in the Securities Act of 1993, as amended (the "Securities Act"), or Regulation D
promulgated by the Securities and Exchange Commission thereunder, and under applicable state securities laws. The Placement Agent is an accredited investor because it meets one or more of the
following criteria: 

        (a)   It
is a bank as defined in Section 3(a)(2) of the Securities Act, whether acting in its individual or fiduciary capacity. 

        (b)   It
is a savings and loan association or other institution as defined in Section 3(a)(5)(A) of the Securities Act, whether acting in its individual or fiduciary
capacity. 

        (c)   It
is a broker or dealer registered under Section 15 of the Securities Exchange Act of 1934, as amended. 

        (d)   It
is an insurance company as defined in Section 2(13) of the Securities Act. 

        (e)   It
is an investment company registered under the Investment Company Act of 1940, as amended, or a business development company as defined in section 2(a)(48) of
that Act. 

        (f)    It
is a Small Business Investment Company licensed by the U.S. Small Business Administration under section 301(c) or (d) of the Small Business Investment
Act of 1958. 

        (g)   It
is a plan established by a state, its political subdivisions or any agency or instrumentality of a state or its political subdivisions, for the benefit of its
employees, and that such plan has total assets in excess of $5,000,000. 

        (h)   (i) It
is an employee benefit plan within the meaning of Title I of the Employee Retirement Income Security Act of 1974, with the investment decisions being made
by a plan fiduciary, as defined in section 3(21) of such Act, and the plan fiduciary is either a bank, insurance company, or registered investment adviser, or (ii) it is an employee
benefit plan that has total assets in excess of $5,000,000, or (iii) it is a self-directed employee benefit plan and the investment decisions are made solely by persons that are
accredited investors. 

        (i)    It
is a private business development company as defined in section 202(a)(22) of the Investment Advisors Act of 1940, as amended. 

        (j)    It
is an organization described in Section 501(c)(3) of the Internal Revenue Code, corporation, Massachusetts or similar business trust, or partnership, not
formed for the specific purpose of acquiring the securities offered, with total assets in excess of $5,000,000. 

        (k)   It
is a trust, with total assets in excess of $5,000,000, not formed for the specific purpose of acquiring the securities offered, whose purchase is directed by a
sophisticated person as described in Rule 506(b)(2)(ii) of Regulation D. 

        (l)    It
is an entity in which all the equity owners are accredited investors. 

        17.   The
validity, construction and enforcement of this Warrant shall be governed by the laws of the State of New York and
jurisdiction is hereby vested in the Courts of said State in the event of the institution of any legal action under this Warrant. 

11

 

        IN WITNESS WHEREOF, Real-Estateforlease.com, Inc. has caused this Warrant to be signed by its duly authorized officers
under its corporate seal, to be dated December 9, 2004. 

	 	 	Real-Estateforlease.com, Inc.
	

 	
 	

By:	
 	

/s/  FRANK DELAPE      
 Frank DeLape, Chairman
	Witness:	 	 	 	 
	

/s/  BELINDA LONG      
	
 	

 	
 	

 

12

 
PURCHASE FORM

To Be Executed

Upon Exercise of Warrant, except for Cashless Exercise  

        The undersigned hereby exercises the right to purchase            Common Shares evidenced by the within Warrant, according to
the terms and conditions
thereof, and herewith makes payment of the purchase price in full. The undersigned requests that certificates for such shares shall be issued in the name set forth below. 

	Dated:                        , 200  	 	 
	 	 	Signature
	

 	
 	

 
 Print Name of Signatory
	

 	
 	

Name to whom certificates are to

be issued if different from above
	

 	
 	

Address:
	 	 	 
 
 

	

 	
 	

 
 Social Security No.

or other identifying number

        If
said number of shares shall not be all the shares purchasable under the within Warrant, the undersigned requests that a new Warrant for the unexercised portion shall be registered in
the name of: 

	 	 	 
 (Please Print)
	

 	
 	

Address:
	 	 	 
 

	

 	
 	

 
 Social Security No.

or other identifying number
	

 	
 	

 
 Signature

13

 
PURCHASE FORM

To Be Executed Upon

Cashless Exercise of this Warrant  

        The undersigned hereby exercises the right to purchase            Common Shares evidenced by the within Warrant
No.             according to the
terms and conditions thereof and the undersigned hereby submits warrants to purchase            Common Shares as evidenced by the within Warrant
No.             to be in full payment
of the            Common Shares exercised and purchased herein. The undersigned represents that certificates for such purchased shares shall be issued in the name set forth below:

	Dated:                        , 200  	 	 
	 	 	Signature
	

 	
 	

 
 Print Name of Signatory
	

 	
 	

Name to whom certificates are to

be issued if different from above
	

 	
 	

Address:
	 	 	 
 
 

	

 	
 	

 
 Social Security No.

or other identifying number

        If
said number of shares shall not be all the shares purchasable under the within Warrant, the undersigned requests that a new Warrant for the unexercised portion shall be registered in
the name of: 

	 	 	 
 (Please Print)
	

 	
 	

Address:
	 	 	 
 

	

 	
 	

 
 Social Security No.

or other identifying number
	

 	
 	

 
 Signature

14

 
FORM OF ASSIGNMENT  

        FOR VALUE RECEIVED,                        hereby sells assigns
and transfers to                        , Soc. Sec. No.
[                        ] the within
Warrant, together with all rights, title and interest therein, and does hereby irrevocably constitute and
appoint                        attorney to transfer such Warrant on the register of the within named
Company, with full power of substitution. 

	 	 	 
 Signature
	Dated:                        , 200  	 	 
	

Signature Guaranteed:	
 	

 
	

 
	
 	

 

15

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COMMON STOCK PURCHASE WARRANT WARRANT NO. 1QuickLinks
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Exhibit 4.4  

No
sale, offer to sell or transfer of the securities represented by this warrant or any interest therein shall be made unless a registration statement under the Federal Securities Act of 1933, as
amended, with respect to such transaction is then in effect, or the issuer has received an opinion of counsel satisfactory to it that such transfer does not require registration under that Act. 

        This
Warrant will be void after 5:00 p.m. New York time on December 9, 2009 (i.e. five years from the first closing date of the Offering). 

 
 
COMMON STOCK PURCHASE WARRANT  

WARRANT NO. 2  

To
Subscribe for and Purchase Shares of 

Real-Estateforlease.com

(Transferability
Restricted as Provided in Paragraph 2 Below) 

        THIS CERTIFIES THAT, for value received, FORDHAM FINANCIAL MANAGEMENT, INC., or registered assigns, is entitled to subscribe for
and purchase from Real-Estateforlease.com, Inc., a corporation incorporated under the laws of the State of Delaware (the "Company") 168,750 fully paid and non-assessable
shares of Common Stock of the Company at the "Warrant Price" as hereinafter defined and during the period hereinafter set forth, subject, however, to the provisions and upon the terms and conditions
hereinafter set forth. This Warrant is one of an issue of the Company's Common Stock purchase warrants (herein called the "Warrants"), identical in all respects except as to the names of the holders
thereof and the number of Common Shares purchasable thereunder and issued pursuant to the Placement Agent Agreement. 

        1.     As
used herein: 

        (a)   "Common
Stock" or "Common Shares" shall initially refer to the Company's Common Stock, $0.001 par value, per share as more fully set forth in Section 5 hereof. 

        (b)   "Warrant
Price" shall be $1.75 which is subject to adjustment pursuant to Section 4 hereof. 

        (c)   "Placement
Agent" shall refer to FORDHAM FINANCIAL MANAGEMENT, INC. 

        (d)   "Placement
Agent Agreement" shall refer to the Placement Agent Agreement dated November 22, 2004 between the Company and the Placement Agent. 

        (e)   "Warrants"
shall refer to Warrants to purchase Common Shares issued to the Placement Agent or its designees by the Company pursuant to the Placement Agent Agreement, as
such may be adjusted from time to time pursuant to the terms of Section 4 and including any Warrants represented by any certificate issued from time to time in connection with the transfer,
partial exercise, exchange of any Warrants or in connection with a lost, stolen, mutilated or destroyed Warrant certificate, if any, or to reflect an adjusted number of Common Shares. 

        (f)    "Underlying
Securities" shall refer to and include the Common Stock issuable or issued upon exercise of the Warrants. 

        (g)   "Holders"
shall mean the registered holder of such Warrants or any issued Underlying Securities. 

1

 

        (h)   "Memorandum"
shall mean the Company's Confidential Private Placement Memorandum dated November 22, 2004, which is being used (or was used) in connection with the
private offering of Series A Preferred Stock pursuant to the Placement Agent Agreement. 

        (i)    "Placement
Agent Securities" shall refer and mean the warrants and shares of Common Stock issued and/or issuable upon exercise of the Warrants. 

        (j)    "Offering"
means the private offering of Series A Preferred Stock in accordance with the Memorandum. 

        (k)   "Series A
Preferred Stock" means the Company's Series A Convertible Preferred Stock, par value $0.001 per share. 

        2.    Exercise and Payment.    The purchase rights represented by this Warrant may be exercised by the holder hereof,
in whole or in part at any time, and from time to time, during the period commencing December 9, 2004 (the "Commencement Date") until December 9, 2009 (the "Expiration Date"), by the
presentation of this Warrant, with the purchase form attached duly executed, at the Company's office (or such office or agency of the Company as it may designate in writing to the Holder hereof by
notice pursuant to Section 14 hereof), and upon payment by the Holder to the Company in cash, or by certified check or bank draft of the Warrant Price for the Common Shares. At the option of
the Holder of this Warrant, the Warrant Price may be paid through a cashless exercise of this Warrant. The purchase price of the Common Shares issuable pursuant to the Warrants, shall be payable in
cash, by certified bank check and/or in lieu of cash, a warrant holder may exercise its Warrants through a cashless exercise. In this respect, at any time prior to the Expiration Date, the Holder may,
at its option, exchange the Warrants, in whole or in part, into the number of fully paid and non-assessable Common Shares determined in accordance with this Section 2, by
surrendering the Warrants which shall represent the right to subscribe for and acquire the number of Common Shares (rounded to the next highest integer) equal to (A) the number of Common Shares
specified by the Holder in its purchase form (the "Total Share Number") less (B) the number of Warrant Shares equal to the quotient obtained by dividing (i) the product of the Total
Share Number and the Warrant Price as of the date hereof (i.e. initially $1.75 per share) per share by (ii) the Market Price of a share of Common Stock. The Market Price of any shares of Common
Stock to purchase shares so surrendered shall be based upon the value of the Common Stock at the close of business on the day before exercise based upon the following: (i) if the shares of
Common Stock are not listed and traded upon a recognized securities exchange and there is no report of stock prices with respect to the shares of Common Stock published by a recognized stock quotation
service, on the basis of the most recent purchases and sales of the shares of Common Stock by the Company in arms-length transactions; or (ii) if the shares of Common Stock are not
then listed and traded upon a recognized securities exchange or quoted on the NASDAQ Stock Market, and there are reports of stock prices by a recognized quotation service, upon the basis of the last
reported sale or transaction price of such stock as reported by a recognized quotation service, or, if there is no last reported sale or transaction price on the day before exercise, then upon the
basis of the mean of the last reported closing bid and closing asked prices for such stock on the date nearest preceding that day; or (iii) if the shares of Common Stock shall be then listed
and traded upon a recognized securities exchange or quoted on the NASDAQ Stock Market, upon the basis of the last reported sale or transaction price at which shares of Common Stock were traded on such
recognized securities exchange or NASDAQ Stock Market or, if the shares of Common Stock were not traded on the day before exercise, upon the basis of the last reported sale or transaction price on the
date nearest preceding that date. In the event the Company is acquired for either stock, notes, securities, cash or any combination thereof, the holders of the Warrants shall have the option to use
the buyout price as the value of the Common stock. All documentation and procedures to be followed in connection with such "cashless exercise" shall be approved in advance by the Company, which
approval shall be expeditiously provided and not unreasonably withheld. The Company agrees that the Holder hereof shall be deemed the record owner 

2

 

of
such Common Shares as of the close of business on the date on which this Warrant shall have been presented and payment made for such Common Shares as aforesaid. Certificates for the Common Shares
so purchased shall be delivered to the Holder hereof within a reasonable time, not exceeding five (5) days, after the rights represented by this Warrant shall have been so exercised. If this
Warrant shall be exercised in part only, the Company shall, upon surrender of this Warrant for cancellation, deliver a new Warrant evidencing the rights of the Holder hereof to purchase the balance of
the Common Shares which such Holder is entitled to purchase hereunder. Exercise in full of the rights represented by this Warrant shall not extinguish the registration rights granted under
Section 9 hereof
and Section 2 of the Placement Agent Agreement. 

        3.     Subject
to the provisions of Section 8 hereof, (i) this Warrant is exchangeable at the option of the Holder at the aforesaid office of the Company for other
Warrants of different denominations entitling the Holder thereof to purchase in the aggregate the same number of Common Shares as are purchasable hereunder; and (ii) this Warrant may be divided
or combined with other Warrants which carry the same rights, in either case, upon presentation hereof at the aforesaid office of the Company together with a written notice, signed by the Holder
hereof, specifying the names and denominations in which new Warrants are to be issued, and the payment of any transfer tax due in connection therewith. 

        4.     Subject
and pursuant to the provisions of this Section 4, the Warrant Price and number of Common Shares subject to this Warrant shall be subject to adjustment from
time to time as set forth hereinafter in this Section 4. 

        (a)   In
case the Company shall sell or issue either any of its Common Shares or any rights, options, warrants or obligations or securities containing the right to subscribe
for or purchase any Common Shares ("Options") or exchangeable for or convertible into Common Shares ("Convertible Securities"), at a price per share, as determined pursuant to Section 4(b),
less than the Warrant Price then in effect on the date of such sale or issuance, then the number of Common Shares purchasable upon exercise of this Warrant shall be determined by multiplying the
number of Common Shares theretofore purchasable upon exercise of this Warrant by a fraction, (a) the numerator of which shall be the number of Common Shares outstanding on the date of issuance
of such Common Shares, Options or Convertible Securities and (b) the denominator of which shall be the number of Common Shares outstanding on the date prior to the date of issuance of such
Common Shares or Convertible Securities plus the number of Common Shares which the aggregate consideration received by the Company upon such issuance would purchase on such date at the Warrant Price
then in effect. 

        (b)   The
following provisions, in addition to other provisions of this Section 4, shall be applicable in determining any adjustment under Section 4(a): 

        (1)   In
case of the issuance or sale of Common Shares part or all of which shall be for cash, the cash consideration received by the Company therefor shall be deemed to be
the amount of cash proceeds of such sale of shares less any compensation paid or discount allowed in the sale, underwriting or purchase thereof by underwriters or dealers or others performing similar
services or any expenses incurred in connection therewith, plus the amounts, if any, determined as provided in Section 4(b)(2). 

        (2)   In
case of the issuance or sale of Common Shares wholly or partly for a consideration other than cash, the amount of the consideration other than cash received by the
Company for such shares shall be deemed to be the fair value of such consideration as determined by a resolution adopted by the Board of Directors of the Company acting in good faith, less any
compensation paid or incurred by the Company for any Underwriting of, or otherwise in connection with such issuance, provided, however, the amount of such consideration other than cash shall in no
event exceed the cost thereof as recorded on the books of the Company. In case of the issuance or sale of Common Shares (otherwise than 

3

 

upon
conversion or exchange) together with other stock or securities or other assets of the Company for a consideration which is received for both such Common Shares and other securities or assets,
the Board of Directors of the Company acting in good faith shall determine what part of the consideration so received is to be deemed to be the consideration for the issuance of such Common Shares,
less any compensation paid or incurred by the Company for any underwriting of, or otherwise in connection with such issuance, provided, however, the amount of such consideration other than cash shall
in no event exceed the cost thereof as recorded on the books of the Company. In case at any time the Company shall declare a dividend or make any other distribution upon any stock of the Company
payable in Common Stock, then such common stock issuable in payment of such dividend or distribution shall be deemed to have been issued or sold without consideration. 

        (3)   The
price per share of any Common Shares sold or issued by the Company (other than pursuant to Options or Convertible Securities) shall be equal to a price calculated by
dividing (A) the amount of the consideration received by the Company, as determined pursuant to Sections 4(b)(1) and 4(b)(2), upon such sale of issuance by (B) the number of Common
Shares sold or issued. 

        (4)   In
case the Company shall at any time after the date hereof issue any Options or Convertible Securities the following provisions shall apply in making any adjustment
pursuant to this Section 4: 

          (i)  The
price per share for which Common Stock is issuable upon the exercise of the Options or upon conversion or exchange of the Convertible Securities shall be determined
by dividing (A) the total amount, if any, received or receivable by the Company as consideration for the issuance of such Options or Convertible Securities, plus the minimum aggregate amount of
additional consideration, if any, payable to the Company upon the exercise of such Options or the conversion or exchange of such Convertible Securities, by (B) the aggregate maximum number of
shares of Common Stock issuable upon the exercise of such Option or upon the conversion or exchange of such Convertible Securities. 

         (ii)  In
determining the price per share for which Common Stock is issuable upon exercise of the Options or conversion or exchange of the Convertible Securities as set forth
in Section 4(b)(4)(i) and in computing any adjustment pursuant to Section 4(a): (A) the aggregate maximum number of shares of Common Stock issuable upon the exercise of
such Convertible Securities shall be considered to be outstanding at the time such Options or Convertible Securities were issued and to have been issued for such price per share as determined pursuant
to Section 4(b)(4)(i) and (B) the consideration for the issuance of such Options or Convertible Securities and the amount of additional consideration payable
to the Company upon exercise of such Options or upon the conversion or exchange of such Convertible Securities shall be determined in the same manner as the consideration received upon the issuance or
sale of Common Shares as provided in Sections 4(b)(1) and 4(b)(2). 

        (iii)  On
the expiration of such Options or the termination of any right to convert or exchange any Convertible Securities, the number of Common Shares subject to this
Warrant shall forthwith be readjusted to such number of Common Shares as would have obtained had the adjustments made upon the issuance of such Options or Convertible Securities been made upon the
basis of the delivery of only the number of shares of Common Stock actually delivered upon the exercise of such Options or upon conversion or exchange of such Convertible Securities. 

4

 

        (iv)  If
the minimum purchase price per share of Common Stock provided for in any Option or the rate at which any Convertible Securities are convertible into or exchangeable
for Common Stock shall change or a different purchase price or rate shall become effective at any time or from time to time (other than pursuant to any anti-dilution provisions of such
Options or Convertible Securities) then, upon such change becoming effective, the number of Common Shares subject to this Warrant shall forthwith be increased or decreased to such number of shares as
would have been obtained had the adjustments made upon the granting or issuance of such Options or Convertible Securities been made upon the basis of (l) the issuance of the number of shares of
Common Stock theretofore actually delivered upon the exercise of such Options or upon the conversion or exchange of such Convertible Securities, and the total consideration received therefor, and
(2) the granting or issuance at the time of such change of any such Options or Convertible Securities then still outstanding for the consideration, if any, received by the Company therefor and
to be received on the basis of such changed price or rate of exchange or conversion. 

        (5)   Except
as otherwise specifically provided herein the date of issuance or sale of Common Stock shall be deemed to be the date the Company is legally obligated to issue
such Common Shares, or pursuant to paragraph 4(b)(4), the date the Company is legally obligated to issue any Option or Convertible Security. In case at any time the Company shall take a record
date for the purpose of determining the Holders of Common Stock entitled (i) to receive a dividend or other distribution payable in Common Stock or in Options or Convertible Securities or
(ii) to subscribe for or purchase Common Stock, Options or Convertible Securities then such record date shall be deemed to be the date of issue or sale of the Common Shares, Options or
Convertible Securities deemed to have been issued or sold upon the declaration of such dividend or the making of such distribution or the granting of such right of subscription or purchase, as the
case may be. 

        (6)   The
number of shares of Common Stock outstanding at any given time shall not include treasury shares and the disposition of any such treasury shares shall be considered
an issue or sale of Common Stock for the purposes of this Section 4. 

        (7)   Anything
hereinabove to the contrary notwithstanding, no adjustment shall be made pursuant to Section 4(a) to the Warrant Price, or to the number of Underlying
Securities upon: 

          (i)  The
issuance or sale by the Company of any Common Shares, shares of Series A Preferred Stock (or Common Shares issuable upon conversion of such Series A
Preferred Stock), Options or Convertible Securities pursuant to (A) the Warrants, (B) the Offering, (C) the Placement Agent Agreement, (D) dividends on shares of
Series A Preferred Stock payable in shares of Series A Preferred Stock (including the issuance of shares of Common Stock issuable upon the conversion of such Series A Preferred
Stock), (E) the conversion or exchange of any security which is outstanding on any closing date of the Offering which is convertible or exchangable into shares of Common Stock, (F) the
exercise of any right, warrant or option which is outstanding on any closing date of the Offering or (G) the Stock Option Plans of the Company and its Subsidiaries as described in the
Memorandum. 

         (ii)  The
issuance or sale of Common Shares pursuant to the exercise of Options or conversion or exchange of Convertible Securities hereinafter issued for which an adjustment
has been made (or was not required to be made) pursuant to the provisions of Section 4 hereof. 

5

  

        (iii)  The
increase in the number of Common Shares subject to any Option or Convertible Security referred to in subsections (i) and (ii) hereof pursuant to the
provisions of such Option or Convertible Securities designed to protect against dilution. 

        (c)   If
the Company shall at any time subdivide its outstanding Common Shares by recapitalization, reclassification or split-up thereof, the number of Common
Shares subject to this Warrant immediately prior to such subdivision shall be proportionately increased, and if the Company shall at any time combine the outstanding Common Shares by recapitalization,
reclassification or combination thereof, the number of Common Shares subject to this Warrant immediately prior to such combination shall be proportionately decreased. Any such adjustment to the
Warrant Price pursuant to this Section shall become effective at the close of business on the record date for such recapitalization, reclassification, subdivision or combination. 

        (d)   If
the Company after the date hereof shall distribute to all of the holders of its Common Shares any securities or other assets (other than a distribution of Common
Shares or a cash distribution made as a dividend payable out of earnings or out of any earned surplus legally available for dividends under the laws of the State of Delaware), the Board of Directors
of the Company shall be required to make such equitable adjustment in the Warrant Price in effect immediately prior to the record date of such distribution as may be necessary to preserve to the
Holder of this Warrant rights substantially proportionate to those enjoyed hereunder by such Holder immediately prior to the happening of such distribution. Any such adjustment made in good faith by
the Board of Directors shall be final and binding upon the Holders and shall become effective as of the record date for such distribution. 

        (e)   No
adjustment in the number of Common Shares subject to this Warrant shall be required under this Section 4 hereof unless such adjustment would require an
increase or decrease in such number of shares of at least 1% of the then adjusted number of Common Shares issuable upon exercise of this Warrant, provided, however, that any adjustments which by
reason of the foregoing are not required at the time to be made shall be carried forward and taken into account and included in determining the amount of any subsequent adjustment; and provided
further, however, that in case the Company shall at any time subdivide or combine the outstanding Common Shares or issue any additional Common Shares as a dividend, said percentage shall forthwith be
proportionately increased in the case of a combination or decreased in the case of a subdivision or dividend of Common Shares so as to appropriately reflect the same. If the Company shall make a
record of the Holders of its Common Shares for the purpose of entitling them to receive any dividend or distribution and legally abandon its plan to pay or deliver such dividend or distribution then
no adjustment in the number of Common Shares subject to the Warrant shall be required by reason of the making of such record. 

        (f)    Whenever
the number of Common Shares purchasable upon the exercise of this Warrant is adjusted, as provided in Section 4, the Warrant Price shall be adjusted (to
the nearest one tenth of a cent by multiplying such Warrant Price immediately prior to such adjustment by a fraction, the numerator of which shall be the number of Common Shares purchasable upon the
exercise of this Warrant immediately prior to such adjustment, and the denominator of which shall be the number of Common Shares so purchasable immediately thereafter. 

        (g)   In
case of any reclassification of the outstanding Common Shares (other than a change covered by Section 4(c) hereof or which solely affects the par value of such
Common Shares) or in the case of any merger or consolidation of the Company with or into another corporation (other than a consolidation or merger in which the Company is the continuing corporation
and which does not result in any reclassification or capital reorganization of the outstanding Common Shares), or in the case of any sale or conveyance to another corporation of the property of the
Company as an entirety or substantially as an entirety in connection with which the Company is 

6

 

dissolved,
the Holder of this Warrant shall have the right thereafter (until the expiration of the right of exercise of this Warrant) to receive upon the exercise hereof, for the same aggregate
Warrant Price payable hereunder immediately prior to such event, the kind and amount of shares of stock or other securities or property receivable upon such reclassification, capital reorganization,
merger or consolidation, or upon the dissolution following any sale or other transfer, by a Holder of the number of Common Shares of the Company obtainable upon the exercise of this Warrant
immediately prior to such event; and if any reclassification also results in a change in Common Shares covered by Section 4(c), the such adjustment shall be made pursuant to both this
Section 4(g) and Section 4(c). The provisions of this Section 4(g) shall similarly apply to successive re-classifications, or capital reorganizations, mergers or
consolidations, sales or other transfers. 

        If
the Company after the date hereof shall issue or agree to issue the Common Shares, Options or Convertible Securities, other than as described in this Section 4, and such
issuance or agreement would materially affect the rights of the Holder of this Warrant, the Warrant Price and the number of Common Shares obtainable upon exercise of this Warrant shall be adjusted in
such manner, if any, and at such time, as the Board of Directors of the Company, in good faith, may determine to be equitable in the circumstances. The minutes or unanimous consent approving such
action shall set forth the Board's determination as to whether an adjustment is warranted and the manner of such adjustment. In the absence of such determination, any Holder may request in writing
that the Board make such determination. Any such determination made in good faith by the directors shall be final and binding upon the Holders. If the Board fails, however, to make such determination
within sixty (60) days after such request, such failure shall be deemed a determination that an adjustment is required. 

        (h)   (1)
Upon occurrence of each event requiring an adjustment of the Warrant Price and of the number of Common Shares obtainable upon exercise of this Warrant in accordance
with, and as required by, the terms of this Section 4, the Company shall forthwith employ a firm of certified public accountants (who may be the regular accountants for the Company) who shall
compute the adjusted Warrant Price and the adjusted number of Common Shares purchasable at such adjusted Warrant Price by reason of such event in accordance with the provisions of this
Section 4. The Company shall mail forthwith to the
Holder of this Warrant a copy of such computation which shall be conclusive and shall be binding upon such Holder unless contested by such Holder by written notice to the Company within thirty
(30) days after receipt thereof by such Holder. 

        (2)   In
case the Company after the date hereof shall propose (i) to pay any dividend payable in stock to the Holders of its Common Shares or to make any other
distribution (other than cash dividends) to the Holders of its Common Shares rights to subscribe to or purchase any additional shares of any class or any other rights or options, or (iii) to
effect any reclassification of Common Shares (other than a reclassification involving merely the subdivision or combination of outstanding Common Shares) or (iv) any capital reorganization or
any consolidation or merger, or any sale, transfer or other disposition of its property, assets and business substantially as an entirety, or the liquidation, dissolution or winding up of the Company,
then in each such case, the Company shall obtain the computation described in Section 4(h)(1) hereof and if an adjustment to the Warrant Price is required under this Section 4, the
Company shall notify the registered Holder of this Warrant of such proposed action, which shall specify the record date for any such action or if no record date is established with respect thereto,
the date on which such action shall occur or commence, or the date of participation therein by the Holders of Common Shares if any such date is to be fixed, and shall also set forth such facts with
respect thereto as shall be reasonably necessary to indicate the effect of such action on the Warrant Price and the number, or kind, or class of shares or other securities or property obtainable upon
exercise of this Warrant after giving affect to any adjustment which will be required as a result of such action. Such notice shall be given at least twenty (20) days prior to the record date
for determining Holders of the 

7

 

Common
Shares for purposes of any such action, and in the case of any action for which a record date is not established then such notice shall be mailed at least twenty (20) days prior to the
taking of such proposed action. 

        (3)   Failure
to file any certificate or notice or to mail any notice, or any defect in any certificate or notice, or any defect in any certificate or notice, pursuant to this
Section 4(h), shall not effect the legality or validity of the adjustment in the Warrant Price or in the number, or kind, or class or shares or other securities or property obtainable upon
exercise of this Warrant or of any transaction giving rise thereto. 

        (i)    The
Company shall not be required to issue fractional Common Shares upon any exercise of this Warrant. As to any final fraction of a Common Share which the Holder of
this Warrant would otherwise be entitled to purchase upon such exercise, the Company shall pay the Holder the cash equivalent of such fraction of a Common Share. 

        (j)    Irrespective
of any adjustments pursuant to this Section 4 in the Warrant Price or in the number, or kind, or class of shares or other securities or other
property obtainable upon exercise of this Warrant, this Warrant may continue to express the Warrant Price and the number of Common Shares obtainable upon exercise at the same price and number of
Common Shares as are stated herein. 

        5.     For
the purposes of this Warrant, the terms "Common Shares" or "Common Stock" or "Warrant Shares" shall mean (i) the class of stock designated as the common stock,
$0.001 par value, of the Company on the date set forth on the first page hereof or (ii) any other class of stock resulting from successive changes or re-classifications of such
Common Stock consisting solely of changes in par value, or from no par value to par value, or from par value to no par value. If at any time, as a result of an adjustment made pursuant to
Section 4, the securities or other property obtainable upon exercise of this Warrant shall include shares or other securities of the Company other than Common Shares or securities of another
corporation or other property, thereafter, the number of such other shares or other securities or property so obtainable shall be subject to adjustment from time to time in a manner and on terms as
nearly equivalent as practicable to the provisions with respect to the Common Shares contained in Section 4 and all other provisions of this Warrant with respect to Common Shares shall apply on
like terms to any such other shares or other securities or property. Subject to the foregoing, and unless the context requires otherwise, all references herein to Common Shares shall, in the event of
an adjustment pursuant to Section 4, be deemed to refer also to any other securities or property then obtainable as a result of such adjustments. 

        6.     The
Company covenants and agrees that: 

        (a)   During
the period within which the rights represented by the Warrant may be exercised, the Company shall, at all times, reserve and keep available out of its authorized
capital stock, solely for the purposes of issuance upon exercise of this Warrant, such number of its Common Shares as shall be issuable upon the exercise of this Warrant; and if at any time the number
of authorized Common Shares shall not be sufficient to effect the exercise of this Warrant, the Company will take such corporate action as may be necessary to increase its authorized but unissued
Common Shares to such number of shares as shall be sufficient for such purpose; the Company shall have analogous obligations with respect to any other securities or property issuable upon exercise of
this Warrant; 

        (b)   All
Common Shares which may be issued upon exercise of the rights represented by this Warrant will, upon issuance be validly issued, fully paid, nonassessable and free
from all taxes, liens and charges with respect to the issuance thereof; and 

        (c)   All
original issue taxes payable in respect of the issuance of Common Shares upon the exercise of the rights represented by this Warrant shall be borne by the Company
but in no event 

8

 

shall
the Company be responsible or liable for income taxes or transfer taxes upon the transfer of any Warrants. 

        7.     Until
exercised, this Warrant shall not entitle the Holder hereof to any voting rights or other rights as a stockholder of the Company. 

        8.     In
no event shall this Warrant be sold, transferred, assigned or hypothecated except in conformity with the applicable provisions of the Securities Act of 1933, as
amended and as then in force (the "Act"), or any similar Federal statute then in force, and all applicable "Blue Sky" laws. 

        9.     The
Holder of this Warrant, by acceptance hereof, agrees that, prior to the disposition of this Warrant or of any Common Shares theretofore purchased upon the exercise
hereof, under circumstances that might require registration of such securities under the Act, or any similar Federal statute then in force, such Holder will give written notice to the Company
expressing such Holder's intention of effecting such disposition, and describing briefly such Holder's intention as to the disposition to be made of this Warrant and/or the securities theretofore
issued upon exercise hereof. Promptly upon receiving such notice, the Company shall present copies thereof to its counsel and the provisions of the following subdivisions shall apply: 

        (a)   If,
in the opinion of such counsel, the proposed disposition does not require registration under the Act or qualification pursuant to Regulation A promulgated
under the Act, or any similar Federal statute then in force, of this Warrant and/or the securities issuable or issued upon the exercise of this Warrant, the Company shall, as promptly as practicable,
notify the Holder hereof of such opinion, whereupon such Holder shall be entitled to dispose of this Warrant and/or such Common Shares theretofore issued upon the exercise hereof, all in accordance
with the terms of the notice delivered by such Holder to the Company. 

        (b)   If,
in the opinion of such counsel, such proposed disposition requires such registration or qualification under the Act, or similar Federal statute then in effect, of
this Warrant and/or the Common Shares issuable or issued upon the exercise of this Warrant, the Company shall promptly give written notice to the Holder of the Warrant, at the address thereof shown on
the books of the Company. 

        It
should be noted that Section 2 of the Placement Agent Agreement provides for the following registration rights: 

        "Commencing
12 months after the final closing date of this offering and expiring four years thereafter, upon request of the Placement Agent or the holders of a majority of the
Placement Agent Securities, on one occasion only at the Company's sole expense, the Company shall file a registration statement under the Act with the Securities and Exchange Commission (the
"Commission") to register the Placement Agent Securities for resale unless such shares can be resold without volume restriction pursuant to Rule 144. The Company agrees to register such
securities expeditiously and, where possible, within forty-five (45) business days after receipt of such request. The Company agrees to use its "best efforts" to cause the
registration statement to become effective as soon as possible and to keep such registration statement current until the earlier of (i) 18 months from the initial effective date of the
registration statement or (ii) the sale of all registered securities, so that the holders of Placement Agent Securities can publicly offer their shares for sale. The Placement Agent may demand
registration without the holders of the Placement Agent Securities being required to exercise the Placement Agent Warrants and acquire the underlying securities. Commencing 12 months after the
final closing date of this Offering and expiring four years thereafter, in the event that the Company should file a Registration Statement with the Commission pursuant to the Act, regardless of
whether some of the holders of the Placement Agent Securities shall have theretofore availed themselves of the right provided in the preceding 

9

 

paragraph,
the Company, at its own expense, will offer to said holders the opportunity to register for resale to the public the Placement Agent Securities. This paragraph is not applicable to a
Registration Statement filed by the Company with the SEC on Form S-8 or any other inappropriate form. The piggy-back registration rights described in this paragraph
shall be unlimited until such time as the current holders of the Placement Agent Securities have notified the Company that they no longer own such securities." 

        10.   The
Company agrees to indemnify, defend and hold harmless the holder of this Warrant, or of Underlying Securities issuable or issued upon the exercise hereof, from and
against any claims and liabilities caused by any untrue statement of a material fact, or omission to state a material fact required to be stated, in any such registration statement, prospectus,
notification or offering circular under Regulation A, except insofar as such claims or liabilities are caused by any such untrue statement or omission based on information furnished in writing
to the Company by such holder, or by any other such holder affiliated with the holder who seeks indemnification, as to which the holder hereof, by acceptance hereof, agrees to indemnify, defend and
hold harmless the Company. 

        11.   If
this Warrant, or any of the Underlying Securities issuable pursuant hereto, require qualification or registration with, or approval of, any governmental official or
authority (other than registration under the Act, or any similar Federal statute at the time in force), before such shares may be issued on the exercise hereof, the Company, at its expense, will take
all requisite action in connection with such qualification, and will use its best efforts to cause such securities to be duly registered or approved, as may be required. 

        12.   This
Warrant is exchangeable, upon its surrender by the registered holder at such office or agency of the Company as may be designated by the Company, for new Warrants
of like tenor, representing, in the aggregate, the right to subscribe for and purchase the number of Common Shares that may be subscribed for and purchased hereunder, each of such new Warrants to
represent the right to subscribe for and purchase such number of Common Shares as shall be designated by the registered holder at the time of such surrender. Upon receipt of evidence satisfactory to
the Company of the loss, theft, destruction or mutilation of this Warrant, and, in the case of any such loss, theft or destruction, upon delivery of a bond of indemnity satisfactory to the Company, or
in the case of such mutilation, upon surrender or cancellation of this Warrant, the Company will issue to the registered holder a new Warrant of like tenor, in lieu of this Warrant, representing the
right to subscribe for and purchase the number of Common Shares that may be subscribed for and purchased hereunder. Nothing herein is intended to authorize the transfer of this Warrant except as
permitted by applicable law. 

        13.   Every
Holder hereof, by accepting the same, agrees with any subsequent Holder hereof and with the Company that this Warrant and all rights hereunder are issued and shall
be held subject to all of the terms, conditions, limitations and provisions set forth in this Warrant, and further agrees that the Company and its transfer agent may deem and treat the registered
Holder of this Warrant as the absolute owner hereof for all purposes and shall not be affected by any notice to the contrary. 

        14.   All
notices required hereunder shall be given by first-class mail, postage prepaid; if given by the holder hereof, addressed to the Company at 8040 Airport Rd., Suite T,
Georgetown, TX 78628 with a copy to the Company's counsel at Winstead Sechrest & Minick P.C., 401 Congress Ave., Suite 2100, Austin, TX 78701 or such other address as the Company may designate
in writing to the holder hereof; and if given by the Company, addressed to the holder at the address of the holder shown on the books of the Company. 

        15.   The
Company will not merge or consolidate with or into any other corporation, or sell or otherwise transfer its property assets and business substantially as an entirety
to another corporation, unless the corporation resulting from such merger or consolidation (if not the Company), or such transferee corporation, as the case may be, shall expressly assume, by
supplemental agreement 

10

 

satisfactory
in form to the Placement Agent, the due and punctual performance and observance of each and even covenant and condition of this Warrant to be performed and observed by the Company. 

        16.   The
Placement Agent is an accredited investor as such term is defined in the Securities Act of 1993, as amended (the "Securities Act"), or Regulation D
promulgated by the Securities and Exchange Commission thereunder, and under applicable state securities laws. The Placement Agent is an accredited investor because it meets one or more of the
following criteria: 

        (a)   It
is a bank as defined in Section 3(a)(2) of the Securities Act, whether acting in its individual or fiduciary capacity. 

        (b)   It
is a savings and loan association or other institution as defined in Section 3(a)(5)(A) of the Securities Act, whether acting in its individual or fiduciary
capacity. 

        (c)   It
is a broker or dealer registered under Section 15 of the Securities Exchange Act of 1934, as amended. 

        (d)   It
is an insurance company as defined in Section 2(13) of the Securities Act. 

        (e)   It
is an investment company registered under the Investment Company Act of 1940, as amended, or a business development company as defined in section 2(a)(48) of
that Act. 

        (f)    It
is a Small Business Investment Company licensed by the U.S. Small Business Administration under section 301(c) or (d) of the Small Business Investment
Act of 1958. 

        (g)   It
is a plan established by a state, its political subdivisions or any agency or instrumentality of a state or its political subdivisions, for the benefit of its
employees, and that such plan has total assets in excess of $5,000,000. 

        (h)   (i) It
is an employee benefit plan within the meaning of Title I of the Employee Retirement Income Security Act of 1974, with the investment decisions being made
by a plan fiduciary, as defined in section 3(21) of such Act, and the plan fiduciary is either a bank, insurance company, or registered investment adviser, or (ii) it is an employee
benefit plan that has total assets in excess of $5,000,000, or (iii) it is a self-directed employee benefit plan and the investment decisions are made solely by persons that are
accredited investors. 

        (i)    It
is a private business development company as defined in section 202(a)(22) of the Investment Advisors Act of 1940, as amended. 

        (j)    It
is an organization described in Section 501(c)(3) of the Internal Revenue Code, corporation, Massachusetts or similar business trust, or partnership, not
formed for the specific purpose of acquiring the securities offered, with total assets in excess of $5,000,000. 

        (k)   It
is a trust, with total assets in excess of $5,000,000, not formed for the specific purpose of acquiring the securities offered, whose purchase is directed by a
sophisticated person as described in Rule 506(b)(2)(ii) of Regulation D. 

        (l)    It
is an entity in which all the equity owners are accredited investors. 

        17.   The
validity, construction and enforcement of this Warrant shall be governed by the laws of the State of New York and
jurisdiction is hereby vested in the Courts of said State in the event of the institution of any legal action under this Warrant. 

11

 

        IN WITNESS WHEREOF, Real-Estateforlease.com, Inc. has caused this Warrant to be signed by its duly authorized officers
under its corporate seal, to be dated January 10, 2005. 

	 	 	Real-Estateforlease.com, Inc.
	

 	
 	

By:	
 	

/s/  FRANK DELAPE      
 Frank DeLape, Chairman
	Witness:	 	 	 	 
	

/s/  BELINDA LONG      
	
 	

 	
 	

 

12

 
PURCHASE FORM

To Be Executed

Upon Exercise of Warrant, except for Cashless Exercise  

        The undersigned hereby exercises the right to purchase            Common Shares evidenced by the within Warrant, according to
the terms and conditions
thereof, and herewith makes payment of the purchase price in full. The undersigned requests that certificates for such shares shall be issued in the name set forth below. 

	Dated:                        , 200  	 	 
	 	 	Signature
	

 	
 	

 
 Print Name of Signatory
	

 	
 	

Name to whom certificates are to

be issued if different from above
	

 	
 	

Address:
	 	 	 
 
 

	

 	
 	

 
 Social Security No.

or other identifying number

        If
said number of shares shall not be all the shares purchasable under the within Warrant, the undersigned requests that a new Warrant for the unexercised portion shall be registered in
the name of: 

	 	 	 
 (Please Print)
	

 	
 	

Address:
	 	 	 
 

	

 	
 	

 
 Social Security No. or other identifying number
	

 	
 	

 
 Signature

13

 
PURCHASE FORM

To Be Executed Upon

Cashless Exercise of this Warrant  

        The undersigned hereby exercises the right to purchase            Common Shares evidenced by the within Warrant
No.             according to the
terms and conditions thereof and the undersigned hereby submits warrants to purchase            Common Shares as evidenced by the within Warrant
No.             to be in full payment
of the            Common Shares exercised and purchased herein. The undersigned represents that certificates for such purchased shares shall be issued in the name set forth below:

	Dated:                        , 200  	 	 
	 	 	Signature
	

 	
 	

 
 Print Name of Signatory
	

 	
 	

Name to whom certificates are to

be issued if different from above
	

 	
 	

Address:
	 	 	 
 
 

	

 	
 	

 
 Social Security No.

or other identifying number

        If
said number of shares shall not be all the shares purchasable under the within Warrant, the undersigned requests that a new Warrant for the unexercised portion shall be registered in
the name of: 

	 	 	 
 (Please Print)
	

 	
 	

Address:
	 	 	 
 

	

 	
 	

 
 Social Security No.

or other identifying number
	

 	
 	

 
 Signature

14

 
FORM OF ASSIGNMENT  

        FOR VALUE RECEIVED,                        hereby sells assigns
and transfers to                        , Soc. Sec. No.
[                        ] the within
Warrant, together with all rights, title and interest therein, and does hereby irrevocably constitute and
appoint                        attorney to transfer such Warrant on the register of the within named
Company, with full power of substitution. 

	 	 	 
 Signature
	Dated:                        , 200  	 	 
	

Signature Guaranteed:	
 	

 
	

 
	
 	

 

15

QuickLinks

COMMON STOCK PURCHASE WARRANT WARRANT NO. 2

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