Document:

WARRANT

            	 
      
	
              April
      1, 2009

            	
              SUSPECT
      DETECTION SYSTEMS INC.

            	
              450,000
      Shares

            
	 
      	 
      	 
      

    

    WARRANT TO PURCHASE COMMON
STOCK

     

    VOID
AFTER 5:30 P.M., EASTERN

    TIME
ON THE EXPIRATION DATE

     

    THIS
WARRANT AND ANY SHARES ACQUIRED UPON THE EXERCISE OF THIS WARRANT HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), AND MAY NOT BE
SOLD, PLEDGED, HYPOTHECATED, DONATED OR OTHERWISE TRANSFERRED WITHOUT COMPLIANCE
WITH THE REGISTRATION OR QUALIFICATION PROVISIONS OF APPLICABLE FEDERAL AND
STATE SECURITIES LAWS OR APPLICABLE EXEMPTIONS THEREFROM.

     

    FOR VALUE
RECEIVED, SUSPECT DETECTION SYSTEMS, INC., a Delaware corporation (the “Company”), hereby
agrees to sell upon the terms and on the conditions hereinafter set forth, but
no later than 5:30 p.m., Eastern Time, on the Expiration Date (as hereinafter
defined) to L.A. Investments Ltd. (the “Holder”), under the
terms as hereinafter set forth, Four Hundred Fifty Thousand (450,000) fully paid and
non-assessable shares of the Company’s Common Stock (the “Warrant Stock”), at a
purchase price of fifteen cents ($0.15) per share (the “Warrant Price”),
pursuant to this warrant (this “Warrant”).  The
number of shares of Warrant Stock to be so issued and Warrant Price are subject
to adjustment in certain events as hereinafter set forth.

     

    1.     Exercise of
Warrant.

     

    a. The
Holder may exercise this Warrant according to its terms by (i) surrendering this
Warrant, properly endorsed, to the Company at the address set forth in Section
10, (ii) the subscription form attached hereto having then been duly executed by
the Holder (the “Form
of Exercise”), and (iii) payment of the purchase price being made to the
Company for the number of shares of the Warrant Stock specified in the
subscription form, or as otherwise provided in this Warrant, prior to 5:30 p.m.,
Eastern Time, on April 1, 2011 (the “Expiration
Date”).  Such exercise shall be effected by the surrender of
the Warrant, together with a duly executed copy of the Form of Exercise, to
Company at its principal office and the payment to the Company of an amount
equal to the aggregate Warrant Price for the number of shares of Warrant Stock
being purchased in cash, certified check or wire transfer.

     

    b. This
Warrant may be exercised in whole or in part so long as any exercise in part
hereof would not involve the issuance of fractional shares of Warrant
Stock.  If exercised in part, the Company shall deliver to the Holder
a new Warrant, identical in form, in the name of the Holder, evidencing the
right to purchase the number of shares of Warrant Stock as to which this Warrant
has not been exercised, which new Warrant shall be signed by the Chairman, Chief
Executive Officer or President and the Secretary or Assistant Secretary of the
Company.  The term Warrant as used herein shall include any subsequent
Warrant issued as provided herein.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    c. No
fractional shares or scrip representing fractional shares shall be issued upon
the exercise of this Warrant.  The Company shall pay cash in lieu of
fractions with respect to the Warrants based upon the fair market value of such
fractional shares of Common Stock (which shall be the closing price of such
shares on the exchange or market on which the Common Stock is then traded) at
the time of exercise of this Warrant.

     

    d. In the
event of any exercise of the rights represented by this Warrant, a certificate
or certificates for the Warrant Stock so purchased, registered in the name of
the Holder, shall be delivered to the Holder within a reasonable time after such
rights shall have been so exercised.  The person or entity in whose
name any certificate for the Warrant Stock is issued upon exercise of the rights
represented by this Warrant shall for all purposes be deemed to have become the
holder of record of such shares immediately prior to the close of business on
the date on which the Warrant was surrendered and payment of the Warrant Price
and any applicable taxes was made, irrespective of the date of delivery of such
certificate, except that, if the date of such surrender and payment is a date
when the stock transfer books of the Company are closed, such person shall be
deemed to have become the holder of such shares at the opening of business on
the next succeeding date on which the stock transfer books are open. The Company
shall pay any and all documentary stamp or similar issue or transfer taxes
payable in respect of the issue or delivery of shares of Common Stock on
exercise of this Warrant.

     

    2.    
Disposition of Warrant Stock
and Warrant.

     

    a. The
Holder hereby acknowledges that this Warrant and any Warrant Stock purchased
pursuant hereto are, as of the date hereof, not registered: (i) under the
Securities Act of 1933, as amended (the “Act”), on the ground
that the issuance of this Warrant is exempt from registration under Section 4(2)
of the Act as not involving any public offering or (ii) under any applicable
state securities law because the issuance of this Warrant does not involve any
public offering; and that the Company’s reliance on the Section 4(2) exemption
of the Act and under applicable state securities laws is predicated in part on
the representations hereby made to the Company by the Holder that it is
acquiring this Warrant and will acquire the Warrant Stock for investment for its
own account, with no present intention of dividing its participation with others
or reselling or otherwise distributing the same, subject, nevertheless, to any
requirement of law that the disposition of its property shall at all times be
within its control.

     

    The
Holder hereby agrees that it will not sell or transfer all or any part of this
Warrant and/or Warrant Stock unless and until it shall first have given notice
to the Company describing such sale or transfer and furnished to the Company
either (i) an opinion, reasonably satisfactory to counsel for the Company, of
counsel (skilled in securities matters, selected by the Holder and reasonably
satisfactory to the Company) to the effect that the proposed sale or transfer
may be made without registration under the Act and without registration or
qualification under any state law, or (ii) an interpretative letter from the
Securities and Exchange Commission to the effect that no enforcement action will
be recommended if the proposed sale or transfer is made without registration
under the Act.

     

    
      
         

      

      
        -2-

        
          

        

      

      
         

      

    

    b. If, at
the time of issuance of the shares issuable upon exercise of this Warrant, no
registration statement is in effect with respect to such shares under applicable
provisions of the Act, the Company may at its election require that the Holder
provide the Company with written reconfirmation of the Holder’s investment
intent and that any stock certificate delivered to the Holder of a surrendered
Warrant shall bear legends reading substantially as follows:

     

    “THE
SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AND MAY NOT BE SOLD, TRANSFERRED, PLEDGED OR OTHERWISE
DISPOSED OF IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THE
SECURITIES ACT OF 1933 OR AN OPINION OF COUNSEL SATISFACTORY TO THE ISSUER OF
THIS CERTIFICATE THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT.”

     

    In
addition, so long as the foregoing legend may remain on any stock certificate
delivered to the Holder, the Company may maintain appropriate “stop transfer”
orders with respect to such certificates and the shares represented thereby on
its books and records and with those to whom it may delegate registrar and
transfer functions.

     

    3. Reservation of
Shares.  The Company hereby agrees that at all times there
shall be reserved for issuance upon the exercise of this Warrant such number of
shares of its Common Stock as shall be required for issuance upon exercise of
this Warrant.  The Company further agrees that all shares which may be
issued upon the exercise of the rights represented by this Warrant will be duly
authorized and will, upon issuance and against payment of the exercise price, be
validly issued, fully paid and non-assessable, free from all taxes, liens,
charges and preemptive rights with respect to the issuance thereof, other than
taxes, if any, in respect of any transfer occurring contemporaneously with such
issuance and other than transfer restrictions imposed by federal and state
securities laws.

     

    4. Exchange, Transfer or
Assignment of Warrant.  This Warrant is exchangeable, without
expense, at the option of the Holder, upon presentation and surrender hereof to
the Company or at the office of its stock transfer agent, if any, for other
Warrants of different denominations, entitling the Holder or Holders thereof to
purchase in the aggregate the same number of shares of Common Stock purchasable
hereunder.  Upon surrender of this Warrant to the Company or at the
office of its stock transfer agent, if any, with the Assignment Form annexed
hereto duly executed and funds sufficient to pay any transfer tax, the Company
shall, without charge, execute and deliver a new Warrant in the name of the
assignee named in such instrument of assignment and this Warrant shall promptly
be canceled.  This Warrant may be divided or combined with other
Warrants that carry the same rights upon presentation hereof at the office of
the Company or at the office of its stock transfer agent, if any, together with
a written notice specifying the names and denominations in which new Warrants
are to be issued and signed by the Holder hereof.

     

    

    
      
         

      

      
        -3-

        
          

        

      

      
         

      

    

     

    5. Loss, Theft, Destruction or
Mutilation.  Upon receipt by the Company of evidence
satisfactory to it, in the exercise of its reasonable discretion, of the
ownership and the loss, theft, destruction or mutilation of this Warrant and, in
the case of loss, theft or destruction, of indemnity reasonably satisfactory to
the Company and, in the case of mutilation, upon surrender and cancellation
thereof, the Company will execute and deliver in lieu thereof, without expense
to the Holder, a new Warrant of like tenor dated the date hereof.

     

    6. Warrant Holder Not a
Stockholder.  The Holder of this Warrant, as such, shall not be
entitled by reason of this Warrant to any rights whatsoever as a stockholder of
the Company.

     

    7. Notices.  Any
notice required or contemplated by this Warrant shall be deemed to have been
duly given if transmitted by registered or certified mail, return receipt
requested, or nationally recognized overnight delivery service, to the Company at its
principal executive offices, or to the Holder at the name and address set forth
in the Warrant Register maintained by the Company.

     

    8. Choice of
Law.  THIS WARRANT IS ISSUED UNDER AND SHALL FOR ALL PURPOSES
BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE
OF NEW YORK, WITHOUT GIVING EFFECT TO PRINCIPLES OF CONFLICTS OF
LAW.

     

    9. Jurisdiction and
Venue.  The parties hereby irrevocably consent to the in
personam jurisdiction and venue of the courts of the State of New York and of
any federal court located in such State in connection with any action or
proceeding arising out of or relating to this Warrant.  EACH PARTY
HERETO WAIVES TRIAL BY JURY IN ANY ACTION, SUIT OR PROCEEDING ARISING OUT OF
THIS WARRANT .

     

    [REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK]

     

     

     

     

     

     

     

     

     

    
      
         

      

      
        -4-

        
          

        

      

      
         

      

       

    

    IN
WITNESS WHEREOF, the Company has duly caused this Warrant to be signed on its
behalf, in its corporate name and by its duly authorized officer, as of this 1st
day of April, 2009.

     

    

    
      	 
      	
              SUSPECT
      DETECTION SYSTEMS, INC.

            
	 	 
	 	 
	 
      	
              By:     
      /s/ Asher Zwebner               

            
	 
      	
              Name:
      Asher Zwebner

            
	 
      	
              Title: 
      Chief
      Executive Officer

            

    

    

    

    
      
         

      

      
        -5-

        
          

        

      

      
         

      

    

     

    FORM OF
EXERCISE

     

    (to be
executed by the registered holder hereof)

     

    

     

    The
undersigned hereby exercises the right to purchase _________ shares of common
stock (“Common
Stock”), of Suspect Detection Systems, Inc. evidenced by the within
Warrant Certificate for a Warrant Price of $______ per share and herewith makes
payment of the purchase price in full of (i) $__________ in
cash.  Kindly issue certificates for shares of Common Stock (and for
the unexercised balance of the Warrants evidenced by the within Warrant
Certificate, if any) in accordance with the instructions given
below.

     

     

    Dated:____________________
, 20___ .

    

    
      	
              ______________________________

            
	 
      
	
              Instructions
      for registration of stock

            
	 
      
	 
      
	
              _____________________________

            
	
              Name
      (Please Print)

            
	 
      
	
              Social
      Security or other identifying Number:

            
	 
      
	
              Address:____________________________

            
	
              City/State
      and Zip Code

            
	 
      
	 
      
	
              Instructions
      for registration of certificate representing

            
	
              the
      unexercised balance of Warrants (if any)

            
	 
      
	 
      
	
              _____________________________

            
	
              Name
      (Please Print)

            
	 
      
	
              Social
      Security or other identifying Number: ________

            
	 
      
	
              Address:____________________________

            
	
              City,
      State and Zip Code

            

    

    

    

    
      
         

      

      
        -6-Unassociated Document

    

    DOT
VN, INC.

    100%
CONVERTIBLE PROMISSORY NOTE

    

     

    
      	$2,884,658.16	
              SAN DIEGO,
      CALIFORNIA 

            	
              APRIL 20,
      2009

            

    

     

    DOT VN, INC., a Delaware
corporation (the “Maker” or the “Company”), hereby promises to pay to the
order of THOMAS JOHNSON,
(the “Holder”), an individual or his assigns the sum of Two Million Eight
Hundred Eighty-Four Thousand, Six Hundred Fifty-Eight Dollars and Sixteen
Cents  ($2,884,658.16), with interest
at the rate of eight (8%) per annum accruing from the date of this 100%
Convertible Note  (“Note”)  until paid in
full.  All outstanding principal and accrued and unpaid interest shall
become due October 16,
2009 (the “Due Date”).

    

    All
payments due and owing under this Note shall be subject to the terms and
conditions set forth herein.

    

    
      	
               
      

            	
              1.

            	
              Agreement.

            

    

    

    The Note
is issued in connection with certain Executive Employment Agreements between
Company and Holder, which are hereby incorporated by reference, in satisfaction
of (i) accrued salary and interest accrued from January 31, 2003 through June
30, 2007 and replaces that certain 100% Convertible Promissory Note dated August
14, 2008 and due March 31, 2009, which is deemed extinguished ($2,280,631.28)
and (ii) accrued salary and interest accruing since July 1, 2007 through April
17, 2009 ($604,026.88).

    

    
      	
               
      

            	
              2.

            	
              Register.

            

    

    

    The
Company shall keep at its principal office a register in which the Company shall
provide for the registration of the Holder of the Note or for the registration
of a transfer of the Note to a different Holder.

    

    
      	
               
      

            	
              3.

            	
              Loss Theft,
      Destruction or Mutilation of the
Note.

            

    

    

    Upon
receipt of evidence reasonably satisfactory to the Company of the loss, theft,
destruction or mutilation of the Note and, in the case of any such loss, theft
or destruction, upon receipt of an indemnity bond in such reasonable amount as
the Company may determine (or if such Note is held by the original Holder, of an
unsecured indemnity agreement reasonably satisfactory to the Company) or, in the
case of any such mutilation, upon surrender and cancellation of such Note, the
Company will make and deliver, in lieu of such lost, stolen, destroyed or
mutilated Note, a new Note of like tenor and unpaid principal amount and dated
as of the date to which interest has been paid on the Note so lost, stolen,
destroyed or mutilated.

    

    
      	
               
      

            	
              4.

            	
              Registered
      Holder.

            

    

    

    The
Company may deem and treat the person in whose name any Note is registered as
the absolute owner and Holder of such Note for the purpose of receiving payment
of the principal of and interest on such Note and for the purpose of any
notices, waivers or consents thereunder, whether or not such Note shall be
overdue, and the Company shall not be affected by notice to the
contrary.  Payments with respect to any Note shall be made only to the
registered Holder thereof.

    

    
      	
               
      

            	
              5.

            	
              Surrender of the
      Note.

            

    

    

    The
Company may, as a condition of payment of all or any of the principal of, and
interest on, the Note, or its conversion, require Holder to present the Note for
notation of such payment and, if the Note be paid in full or converted at the
election of Holder as herein provided, require the surrender
hereof.

    

    
      
         

      

      
        Page -
1

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              6.

            	
              Conversion.

            

    

    

    At any
time prior to or at the Due Date, at the option of the Holder, all principal and
accrued interest due on this Note (the “Convertible Amount”) may be converted at
$0.30 per share of common stock (the “Conversion Price”). The Conversion Price
shall be adjusted downward in the event the Company issues common stock (or
securities exercisable for or convertible into or exchangeable for common stock)
at a price below the Conversion Price times Ninty percent (90%), to a price
equal to such issue price times One hundred Ten percent (110%).  The
preceding adjustments shall be effective immediately at the time of the issuance
of any security (or of any reduction in effective price of any security) on or
before the Due Date.  In addition, the Conversion Price shall be
appropriately adjusted in the case of stock splits, stock dividends,
recapitalizations and the like.  If, on or prior to the Due Date,
Holder has not elected  to convert this Note, all outstanding
principal and accrued and unpaid interest shall become due and
payable.

    

    
      	
               
      

            	
              7.

            	
              Mechanics of
      Conversion.

            

    

    

    Upon the
Company’s receipt of written notice of Holder’s election to convert the Note,
the principal amount of this Note plus any accrued interest shall be deemed
converted into such number of shares of the Company’s Common Stock as determined
pursuant to Section 6, and no further payments shall thereafter accrue or be
owing under the Note.  The entire balance due and owing under the Note
must be converted to Common Stock; no partial conversions will be
allowed.  Holder shall return this Note to the Company at the address
set forth below, or such other place as the Company may require in
writing.   Within ten (10) days after receipt of this Note, the
Company shall cause to be issued in the name of and delivered to Holder at the
address set forth above, or to such other address as to which Holder shall have
notified the Company in writing, a certificate and a warrant evidencing the
securities to which Holder is entitled.  No fractional securities will
be issued upon conversion of the Note.  If on conversion of the Note a
fraction of a security results, the Company shall round up the total number of
securities to be issued to Holder to the nearest whole number.

    

    
      	
               
      

            	
              8.

            	
              Notices.

            

    

    

    Any
notice required or desired to be given under this Agreement shall be in writing
and shall be deemed given when personally delivered, one business day after
deposit with a reputable overnight courier service for next business day
delivery, or three days after being sent by certified or registered mail postage
prepaid to the addresses set forth below, or such other address as to which one
party may have notified the other in such manner.

    

    
      
        
          	
                  If
      to Holder:

                	
                  At
      the address shown on the Company’s records

                
	 
      	 
      
	
                  If
      to the Company:

                	
                  Dot
      VN, Inc.

                
	 
      	
                  9449
      Balboa Ave., Suite 114

                
	 
      	
                  San
      Diego, CA 92123

                

        

      

    
      	
               
      

            	
              9.

            	
              Default.

            

    

    

    Upon an
Event of Default (as defined in the Agreement) that is not cured within any
applicable cure period set forth in the Agreement, and at the option of Holder,
or Holder’s successors or assigns, Holder may (i) accelerate all amounts due and
owing under this Note and demand payment immediately and/or (ii) declare the
right to exercise any and all remedies available to Holder under applicable
law.

    

    
      
         

      

      
        Page -
2

        
          

        

      

      
         

      

    

    
      	
              10.

            	
              Miscellaneous.

            

    

    

    (a)           Interest
hereunder shall be calculated based on eight percent (8%) per annum calculated
using a 360-day year composed of twelve 30-day months, payable in full, unless
otherwise converted to common stock in the Company, at maturity or
conversion.

    

    (b)           The
Company agrees that all Conversion Shares at the time of issuance will be fully
paid and non-assessable.  Maker shall pay upon demand any and all
expenses, including reasonable attorney fees, incurred or paid by Holder of this
Note without suit or action in attempting to collect funds due under this Note
or in connection with the issuance of the Conversion Shares.  In the
event an action is instituted to enforce or interpret any of the terms of this
Note, the prevailing party shall be entitled to recover its costs, including
reasonable attorney’s fees.

    

    (c)           All
parties to this Note hereby waive presentment, dishonor, notice of dishonor and
protest.  All parties hereto consent to, and Holder is hereby
expressly authorized to make, without notice, any and all renewals, extensions,
modifications or waivers of the time for or the terms of payment of any sum or
sums due hereunder, or under any documents or instruments relating to or
securing this Note, or of the performance of any covenants, conditions or
agreements hereof or thereof or the taking or release of collateral securing
this Note.  Any such action taken by Holder shall not discharge the
liability of any party to this Note.

    

    (d)           The
Company may prepay the amount due and owing under this Note.

    

    (e)           This
Note shall be governed by and construed in accordance with the laws of the State
of California without regard to conflict of law principles.

    

    (f)           All
payments due and owing under this Note shall be delivered to Holder at the
address set forth below unless Holder provides the Company with written notice
of a change of such instructions.

    

    (g)           Capitalized
terms used but not defined in this Note have the meanings assigned to them in
the Agreement.

    

    IN WITNESS WHEREOF, the parties execute
this Note as of this 20th day of
April, 2009.

    

    
      
        
          
            	“Company”
      and “Maker”	 	 	 “Holder”	 
	DOT
      VN, INC.	 	 	 	 
	 	 	 	 	 
	
                    /s/
      Lee Johnson

                  	 	 	
                    /s/
      Thomas Johnson

                  	 
	
                    By:
      Lee Johnson

                  	 	 	
                    Thomas
      Johnson

                  	 
	
                    Its:  President

                  	 	 	 	 

          

        

      

     

     

    Page -
3

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