Document:

exv10w13

 

Exhibit 10.13

Form of Voting Common Stock Purchase Warrant

NEITHER THIS WARRANT NOR ANY SHARES ACQUIRED UPON EXERCISE OF THIS WARRANT HAVE BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933 (THE “ACT”) OR UNDER ANY STATE SECURITIES LAWS. NEITHER THIS
WARRANT NOR ANY SUCH SHARES MAY BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE
OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT AND STATE SECURITIES LAWS OR THE AVAILABILITY
OF AN EXEMPTION FROM SUCH REGISTRATION.

For the Purchase of                      Shares

AXCESS INTERNATIONAL, INC.

Voting Common Stock Purchase Warrant

The following recitals are true and constitute the basis for this Warrant:

	A.	 	This Warrant is issued to                      or their successors in interest, assigns or transferees
(collectively, the “Warrant Holder”), in consideration for their Participation in the 2007
Preferred Equity transactions by Axcess International, Inc., a Delaware corporation (the
“Company”).;
	 
	B.	 	The total number of shares of the Company’s Voting Common Stock (as defined in Section 9(a)
hereof) (the “Warrant Shares”) to be issued to the
Warrant Holder is                      shares
(***                      ***); and
	 
	C.	 	This Warrant shall be exercisable at any time and from time to time on or prior to the August
8, 2012.
	 
	D.	 	This Warrant shall be callable by the Company if and when the Company’s common stock share
price exceeds $5.00 per share for at least 20 consecutive trading days. The Company shall
notify the holder and the holder shall have twenty (20) business days to acknowledge and fund
the exercised of the warrant.

          THIS CERTIFIES THAT, for value received, the Warrant Holder is entitled to purchase from the
Company,                      Warrant Shares at the exercise price of Two Dollars and No Cents ($2.00) per
share (the “Exercise Price”).

          Section 1. Exercise of Warrant.

          The rights represented by this Warrant may be exercised by the Warrant Holder, in whole or in
part, by delivering to the Company a duly executed notice of exercise in the form of ANNEX
A hereto and delivering a check payable to (or wire transfer to the account of) the Company in
an amount equal to the product of (x) the Exercise Price times (y) the number of Warrant Shares as
to which this Warrant is being exercised (such product, the “Total Exercise Price”). This Warrant
shall be deemed to have been exercised immediately prior to the close of business on the date of
delivery of a duly executed notice of exercise together with the amount (in cash) payable upon
exercise of this Warrant and, as of such moment, (i) the rights of the Warrant Holder, as such,
with respect to the number of Warrant Shares as to which this Warrant is being exercised shall
cease, and (ii) such Warrant Holder shall be deemed to be the record holder of the shares of Voting
Common Stock issuable upon such exercise. As soon as practicable after the exercise, in whole or in
part, of this Warrant, and in any event within 10 business days thereafter, the Company at its
expense (including the payment by it of any applicable issuance or stamp taxes) will cause to be
issued in the name of and delivered to the Warrant Holder, or as the Warrant Holder (upon payment
by the Warrant Holder of any applicable transfer taxes) may direct, a certificate or certificates
for the number of fully paid and nonassessable shares of Voting Common Stock to which the Warrant
Holder shall be entitled upon such exercise. In the event of partial exercise of this Warrant, the
Warrant need not be delivered to the Company; provided that the Warrant Holder agrees to make a
notation of such partial exercise and, if applicable, surrender on the Warrant. If this Warrant is
delivered to the Company, the Company shall issue and deliver to the Warrant Holder a new Warrant
evidencing the rights to purchase the remaining Warrant Shares, which new Warrant shall in all
other respects be identical to this Warrant.

          Section 2. Investment Representation.

          By accepting this Warrant, the Warrant Holder represents that the Warrant Holder is acquiring
this Warrant for investment purposes and will not sell or otherwise dispose of this Warrant or the
underlying Warrant Shares in violation of applicable securities laws. The Warrant Holder
acknowledges that the certificates representing any Warrant Shares will bear a legend indicating
that they have not been registered under the Act, and may not be sold by the Warrant Holder except
pursuant to an effective registration statement or pursuant to an exemption from registration.

 

 

          Section 3. Validity of Warrant and Issue of Shares.

          The Company represents and warrants that this Warrant has been duly authorized and validly
issued and covenants and agrees that all shares of Common Stock that may be issued upon the
exercise of the rights represented by this Warrant will, when issued upon such exercise, be duly
authorized, validly issued, fully paid and nonassessable and free from all taxes, liens and charges
with respect to the issue thereof. The Company further 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 a sufficient number of shares of Common Stock to provide for the
exercise of the rights represented by this Warrant.

          The Company shall not be required upon the exercise of this Warrant to issue any fraction of
shares, but shall make any adjustment therefore by rounding the number of shares obtainable upon
exercise to the next highest whole number of shares.

          Section 4. Transfer of Rights.

          This Warrant is transferable in whole or in part, at the option of the Warrant Holder, upon
delivery of a duly executed Warrant Assignment Form in the form annexed as ANNEX B hereto.
The Company shall execute and deliver a new Warrant or Warrants in the form of this Warrant with
appropriate changes to reflect the issuance of subsequent Warrants in the name of the assignee or
assignees named in such instrument of assignment, and if the Warrant Holder’s entire interest is
not being transferred or assigned, in the name of the Warrant Holder, and this Warrant shall
promptly be canceled. Any transfer or exchange of this Warrant shall be without charge to the
Warrant Holder, and any new Warrant or Warrants issued shall be dated the date hereof. The term
“Warrant” as used herein includes any Warrants into which this Warrant may be divided or for which
it may be exchanged. The Warrant Holder (and not the Company) will be responsible for any stamp,
transfer or other taxes payable on any such transfer.

          Section 5. Lost, Mutilated or Missing Warrant.

          Upon receipt by the Company of evidence satisfactory to it of the loss, theft, destruction or
mutilation of this Warrant, and upon surrender and cancellation of this Warrant, if mutilated, the
Company shall execute and deliver a new Warrant of like denomination and date.

          Section 6. Rights of Warrant Holder.

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

          Section 7. Successors.

          All the provisions of this Warrant by or for the benefit of the Company or the Warrant Holder
shall bind and inure to the benefit of their respective successors and assigns.

          Section 8. Miscellaneous.

          (a) This Warrant shall be construed in accordance with and governed by the laws of the State
of Delaware.

          (b) The caption headings used in this Warrant are for convenience of reference only and shall
not be construed in any way to affect the interpretation of any provisions of this Warrant.

          Section 9. Notices.

          Any notice pursuant to this Warrant shall be effective if sent by first class mail, postage
prepaid, or delivered by facsimile transmission, addressed as follows:

          If to the Company, then to it at:

Axcess International Inc.

3208 Commander Drive

Dallas, Texas 75006

Attention: Chief Financial Officer

Facsimile No.: (972) 407-9085

          (or to such other address as the Company may have furnished in writing to the Warrant Holder
for this purpose); and

          If to the Warrant Holder, then to it at such address as such Warrant Holder may have furnished
in writing to the Company for this purpose.

          IN WITNESS WHEREOF, the Company, intending to be legally bound hereby, has caused this Warrant
to be signed by its President and Chief Executive Officer and attested by its Secretary or
Assistant Secretary as of the date set forth below.exv4w1

 

Exhibit 4.1

SPECIMEN UNIT CERTIFICATE

	 	 	 	 	 
	No.                    

	 	HCM ACQUISITION COMPANY
	                     UNIT(S)
	 

	 	Incorporated under the Laws of the State of Delaware	 	 

UNIT(S) EACH CONSISTING OF ONE SHARE OF COMMON STOCK AND ONE WARRANT TO

PURCHASE ONE SHARE OF COMMON STOCK

CUSIP                     

SEE REVERSE FOR

CERTAIN DEFINITIONS

THIS CERTIFIES THAT                                                             IS
THE OWNER OF                                                                                 UNIT(S).
Each Unit (“Unit”) consists of one (1) share of common stock, par value $0.001 per share (“Common
Stock”), of HCM Acquisition Company, a Delaware corporation (the “Corporation”), and one warrant
(each, a “Warrant”). Each Warrant entitles the holder to purchase one (1) share of Common Stock
for $7.50 per share (subject to adjustment). Each Warrant will become exercisable on the later of
(i) the Corporation’s completion of an initial business combination and (ii) one year from the date
of the prospectus with respect to the Corporation’s initial public offering (the “IPO”), provided
in each case that the Company has an effective registration statement under the Securities Act of
1933, as amended, covering the share of Common Stock issuable upon exercise of the Warrant, and
will expire unless exercised before 5:00 p.m., New York time, on the date that is five years from
the date of the prospectus with respect to the IPO, or earlier upon redemption or liquidation of
the Corporation’s trust account. The Common Stock and Warrant comprising each Unit represented by
this certificate are not transferable separately prior to the thirty-fifth day following the date
of the prospectus with respect to the IPO unless Citigroup Global Markets Inc. informs the
Corporation of its decision to allow earlier separate trading, subject to the Corporation’s filing
of a Current Report on Form 8-K with the Securities and Exchange Commission containing an audited
balance sheet reflecting the Corporation’s receipt of the gross proceeds of the IPO, and (ii)
issuance of a press release announcing when separate trading will begin. The terms of the Warrants
are governed by a warrant agreement (the “Warrant Agreement”), dated as of                     , by and
between the Corporation and American Stock Transfer & Trust Company, as amended, restated or
supplemented from time to time, and are subject to the terms and provisions contained therein, all
of which terms and provisions the holder of this certificate consents to by acceptance hereof.
Copies of the Warrant Agreement will be on file at the office of the Corporation, and will be
available to any Warrant holder on written request and without cost.

This Certificate is not valid unless countersigned by the Transfer Agent and Registrar of the
Corporation.

WITNESS the seal of the Corporation and the facsimile signature of its duly authorized officer.

Dated:                     

	 	 	 	 	 
	 
	 	HCM ACQUISITION COMPANY	 	 
	 
	 	 	 	 
	President
	 	 
	 	Secretary
	 
	 	CORPORATE SEAL	 	 
	 	 	 	 	 
	 
	 	Delaware	 	 

 

 

 

          The following abbreviations, when used in the inscription on the face of this certificate,
shall be construed as though they were written out in full according to applicable laws or
regulations:

	 	 	 	 	 	 	 
	TEN COM

	 	as tenants in common
	 	Unif Gift Min Act -
	 	                     Custodian                     
	 
	 	 	 	 	 	 
	TEN ENT

	 	tenants by the entireties
	 	 	 	      (Cust) (Minor)
	 
	 	 	 	 	 	 
	 

	 	as joint tenants with right
	 	 	 	Under Uniform Gifts to Minors
	 

	 	of survivorship and not as
	 	 	 	Act:                                         
	JT TEN

	 	tenants in common
	 	 	 	           (State)

          Additional abbreviations may also be used though not in the above list.

HCM ACQUISITION COMPANY

          The Corporation will furnish without charge to each stockholder who so requests the powers,
designations, preferences and relative, participating, option or other special rights of each class
of stock or series thereof of the Corporation and the qualifications, limitations, or restrictions
of such preferences and/or rights. This certificate and the Units represented hereby are issued
and shall be held subject to the terms and conditions applicable to the securities underlying and
comprising the Units.

For Value Received,                 hereby sell, assign and transfer unto

PLEASE INSERT SOCIAL SECURITY OR OTHER

           IDENTIFYING NUMBER OF ASSIGNEE

 

 

(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)

                    Units represented by the within Certificate, and do hereby irrevocably constitute and
appoint                                          Attorney, to transfer the said Units on the books of the within named
Corporation with full power of substitution in the premises.

	 	 	 	 	 	 	 
	Dated                     

	 	 	 	By:	 	 
	 

	 	 	 	 	 	 
	 	 	 	 	NOTICE: THE SIGNATURE TO THIS
ASSIGNMENT MUST CORRESPOND WITH THE
NAME AS WRITTEN UPON THE FACE OF THE
CERTIFICATE IN EVERY PARTICULAR,
WITHOUT ALTERATION OR ENLARGEMENT
OR ANY CHANGE WHATEVER.

Signature(s) Guaranteed:

	 	 	 
	 

THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION
(BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH
MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO
S.E.C. RULE 17Ad-15).

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