Document:

Unassociated Document

    EXHIBIT
      10.13

    

    

    THIS
      NOTE AND THE SECURITIES ISSUABLE HEREUNDER HAVE NOT BEEN REGISTERED UNDER THE
      SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
      ACT”),
      OR ANY STATE SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD, PLEDGED, OR OTHERWISE
      TRANSFERRED OR DISPOSED OF UNLESS AND UNTIL THIS NOTE AND/OR SUCH SECURITIES
      ARE
      REGISTERED UNDER THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS OR
      AN
      EXEMPTION FROM SUCH REGISTRATION IS AVAILABLE.

    

    CONVERTIBLE
      PROMISSORY NOTE

    

    

    
      	$400,000	
              December
                23,
                2005

            

    

    

    FOR
      VALUE
      RECEIVED, the undersigned, GABRIEL TECHNOLOGIES CORPORATION, a Delaware
      corporation (“Maker”),
      promises to pay to the order of CTSL INVESTMENT, LLC, an Iowa limited liability
      company (“Payee”),
      the
      principal sum of Four Hundred Thousand Dollars ($400,000) (the “Principal”),
      plus
      an amount equal to 150% of the principal sum (the “Note
      Obligation”).
      All
      amounts due under this Note shall be payable as and at such time or times as
      are
      set forth in Paragraph 1 hereof. All payments on this Note shall be due and
      payable in lawful money of the United States of America at 675 South Fork Drive,
      Des Moines, Iowa 50263 (or
      such
      other place as Payee may from time to time designate in writing).

    

    1. Payments.
      The
      Principal and the Note Obligation shall become due and payable on December
      31,
      2006. Payment hereunder shall terminate the right to convert this Note. This
      Note shall be prepayable by the Maker as set forth in Paragraph 3
      hereof.

    

    2. Events
      of Default and Remedies.
      In the
      event Maker fails to pay any amount due under this Note within ten Business
      Days
      (as hereafter defined) after such amount is due, the holder of this Note may
      (i)
      offset against this Note any sum or sums owed by the holder hereof to Maker,
      or
      (ii) proceed to protect and enforce his rights either by suit in equity and/or
      by action at law, or by other appropriate proceedings, whether for the specific
      performance of any covenant or agreement contained in this Note or to enforce
      any other legal or equitable right of the holder of this Note. As used herein,
      a
“Business
      Day”
is
      any
      day other than a Saturday, Sunday or a legal holiday for financial institutions
      in Omaha, Nebraska.

    

    3. Prepayments.
      The
      Principal and Note Obligation on this Note may be voluntarily prepaid in whole
      or in part at any time prior to conversion of this Note in accordance with
      Section 4 hereof. At any time prior to payment of the Principal and Note
      Obligation on this Note, the holder hereof shall have the option of exercising
      its Optional Conversion rights under Section 4(a), and Maker shall have the
      option of exercising its Mandatory Conversion rights under Section
      4(c).

    
      
         

      

      
        -1-

        
          

        

      

      
         

      

    

    4. Conversion.

    

    (a) Conversion
      by Payee. Unpaid
      Principal and Note Obligation on this Note shall be convertible at the option
      of
      Payee or other holder hereof (the “Optional
      Conversion”),
      at
      any time, in whole or in part, in lieu of and in satisfaction of such unpaid
      Principal and unpaid Note Obligation. This Note shall be convertible into that
      number of fully paid and nonassessable shares of Common Stock (as defined in
      Section 5) as is equal to the quotient of the unpaid Principal plus the unpaid
      Note Obligation divided by the applicable Conversion Price (as defined in
      Section 5) in
      effect
      from time to time. Upon any Optional Conversion, the outstanding Principal
      and
      unpaid Note Obligation due under this Note shall be reduced in full by an amount
      equal to the number of shares of Common Stock issued upon such conversion
      multiplied by the applicable Conversion Price.

    

    (b) Conversion
      Procedures. If
      Payee
      desires to convert this Note into Common Stock, it shall surrender this Note
      to
      Maker at its principal executive offices, accompanied by proper instruments
      of
      transfer to Maker or in blank, accompanied by irrevocable written notice
      (“Optional Conversion Notice”) to Maker that Payee elects so to convert this
      Note and the name or names (with address) in which a certificate or certificates
      for Common Stock are to be issued. Maker shall, as soon as practicable after
      such written notice and compliance with any other conditions herein contained,
      deliver at such office to Payee, certificates for the number of full shares
      of
      Common Stock to which it shall be entitled. Such conversion shall be deemed
      to
      have been made as of the date of such surrender of this Note, and the person
      or
      persons entitled to receive Common Stock or other securities deliverable upon
      conversion shall be treated for all purposes as the record holder or holders
      thereof on such date.

    

    (c) Conversion
      by Maker. Notwithstanding
      anything to the contrary in this Note, up to the entire amount of the unpaid
      Principal and Note Obligation on the Note may be converted at the Maker’s
      election (“Mandatory Conversion”) provided: (i) no event of default has occurred
      and is continuing; (ii) the closing sales price of the Common Stock on its
      principal trading market for ten consecutive trading days (the “Trading Period”)
      is greater than 150% of the Maximum Conversion Price on each trading day during
      the Trading Period; [and
      (iii) the Common Stock issuable upon conversion of the then-outstanding
      principal and unpaid Note Obligation are included for unrestricted resale in
      a
      registration statement effective as of the date notice is given by the Maker
      to
      the holder of its election to convert the Note pursuant to this Section 4(c)
      (“Mandatory Conversion Notice”) and through the date the shares issuable upon
      Mandatory Conversion of the Note are delivered to such
      holder.]
      The
      Mandatory Conversion Notice must be given no later than the third trading day
      following the Trading Period. This Note shall be convertible into that number
      of
      fully paid and nonassessable shares of Common Stock (as defined in Section
      5) as
      is
      equal to the quotient of the unpaid Principal plus the unpaid Note Obligation
      divided by the applicable Conversion Price (as defined in Section 5) in
      effect
      from time to time. Upon any Mandatory Conversion, the outstanding Principal
      and
      unpaid Note Obligation due under this Note shall be reduced in full by an amount
      equal to the number of shares of Common Stock issued upon such conversion
      multiplied by the applicable Conversion Price. If Maker desires to effect a
      Mandatory Conversion of all or part of this Note into Common Stock, it shall
      provide the Mandatory Conversion Notice to the holder of this Note. Maker shall,
      within five Business Days thereafter, deliver to the holder of this Note (in
      exchange therefor) certificates for the number of full shares of Common Stock
      to
      which it shall be entitled. Such conversion shall be deemed to have been made
      as
      of the date of the Mandatory Conversion Notice, and the person or persons
      entitled to receive Common Stock or other securities deliverable upon conversion
      shall be treated for all purposes as the record holder or holders thereof on
      such date.

    
      
         

      

      
        -2-

        
          

        

      

      
         

      

    

    (d) Certain
      Adjustments. The
      applicable Conversion Price and the number of securities issuable upon
      conversion of this Note shall be subject to adjustment from time to time as
      follows:

    

    (i) In
      case
      Maker shall at any time after the date hereof (1) pay a dividend or make a
      distribution on its capital stock that is paid or made in shares of stock of
      Maker, (2) subdivide its outstanding shares of Common Stock into a greater
      number of shares or (3) combine its outstanding shares of Common Stock into
      a
      smaller number of shares, then in each such case the applicable Conversion
      Price
      in effect immediately prior thereto and the securities issuable shall be
      adjusted retroactively as provided below so that Payee thereafter shall be
      entitled to receive the number of shares of Common Stock of Maker and other
      shares and rights to purchase stock or other securities which Payee would have
      owned or have been entitled to receive after the happening of any of the events
      described above had this Note been converted immediately prior to the happening
      of such event or any record date with respect thereto. In the event of the
      redemption of any shares referred to in clause (1), Payee shall have the right
      to receive, in lieu of any such shares or rights, any cash, property or
      securities paid in respect of such redemption. An adjustment made pursuant
      to
      this subparagraph (i) shall become effective immediately after the record date
      in the case of a dividend or distribution and shall become effective immediately
      after the effective date in the case of a subdivision or
      combination.

    

    (ii) Whenever
      the Conversion Price is adjusted as provided above, Maker shall compute the
      adjusted Conversion Price in accordance herewith and mail to Payee a notice
      stating that the Conversion Price has been adjusted and setting forth the
      adjusted Conversion Price.

    

    (iii) In
      the
      event that at any time, as a result of any adjustment made pursuant to this
      Section, Payee shall become entitled to receive any shares of Maker other than
      shares of Common Stock or to receive any other securities, the number of such
      other shares or securities so receivable upon conversion of this Note shall
      be
      subject to adjustment from time to time in a manner and on terms as nearly
      equivalent as practicable to the provisions contained in these provisions with
      respect to Common Stock.

    

    (e) No
      Fractional Shares. No
      fractional shares or scrip representing fractional shares of Common Stock shall
      be issued upon conversion of this Note. All calculations of the number of shares
      of Common Stock to be issued upon conversion of this Note shall be rounded
      to
      the nearest whole share.

    
      
         

      

      
        -3-

        
          

        

      

      
         

      

    

    (f) Reclassification,
      Consolidation, Merger or Sale of Assets. In
      case
      of any reclassification of Common Stock, any consolidation of Maker with, or
      merger of Maker into, any other person, any merger of another person into Maker
      (other than a merger which does not result in any reclassification, conversion,
      exchange or cancellation of outstanding shares of Common Stock of Maker), any
      sale or transfer of all or substantially all of the assets of Maker or any
      compulsory share exchange pursuant to which share exchange the Common Stock
      is
      converted into other securities, cash or other property, then lawful provision
      shall be made as part of the terms of such transaction whereby Payee shall
      have
      the right thereafter, during the period this Note shall be convertible
      hereunder, to convert this Note only into the kind and amount of securities,
      cash and other property receivable upon such reclassification, consolidation,
      merger, sale, transfer or share exchange by a holder of the number of shares
      of
      Common Stock of Maker into which this Note might have been converted immediately
      prior to such reclassification, consolidation, merger, sale, transfer or share
      exchange assuming such holder of Common Stock of Maker (i) is not a person
      with
      which Maker consolidated or into which Maker merged or which merged into Maker,
      to which such sale or transfer was made or a party to such share exchange,
      as
      the case may be (“constituent
      person”),
      or an
      affiliate of a constituent person and (ii) failed to exercise his rights of
      election, if any, as to the kind or amount of securities, cash and other
      property receivable upon such reclassification, consolidation, merger, sale,
      transfer or share exchange (provided that if the kind or amount of securities,
      cash and other property receivable upon such reclassification, consolidation,
      merger, sale, transfer or share exchange is not the same for each share of
      Common Stock of Maker held immediately prior to such consolidation, merger,
      sale
      or transfer by other than a constituent person or an affiliate thereof and
      in
      respect of which such rights of election shall not have been exercised
      (“non-electing
      share”),
      then
      the kind and amount of securities, cash and other property receivable upon
      such
      reclassification, consolidation, merger, sale, transfer or share exchange by
      each non-electing share shall be deemed to be the kind and amount so receivable
      per share by a plurality of the non-electing shares). Maker, the person formed
      by such consolidation or resulting from such merger or which acquires such
      assets or which acquires Maker’s shares, as the case may be, shall make
      provisions in its certificate or articles of incorporation or other constituent
      document to establish such right. Such certificate or articles of incorporation
      or other constituent document shall provide for adjustments which, for events
      subsequent to the effective date of such certificate or articles of
      incorporation or other constituent document, shall be as nearly equivalent
      as
      may be practicable to the adjustments provided for herein. The above provisions
      shall similarly apply to successive reclassifications, consolidations, mergers,
      sales, transfers or share exchanges.

    

    (g) Reservation
      of Shares; Transfer Taxes; Etc. Maker
      shall at all times reserve and keep available, out of its authorized and
      unissued stock, solely for the purpose of effecting the conversion of this
      Note,
      such number of shares of its Common Stock and other securities free of
      preemptive rights as shall from time to time be sufficient to effect the
      conversion of this Note. Maker shall from time to time, in accordance with
      the
      laws of the State of Delaware, increase the authorized number of shares of
      Common Stock if at any time the number of shares of Common Stock not outstanding
      shall not be sufficient to permit the conversion of this Note. If the Common
      Stock is listed on the New York Stock Exchange, the Nasdaq National Market,
      or
      any other national securities exchange, Maker will, if permitted by the rules
      of
      such exchange, list and keep listed on such exchange, upon official notice
      of
      issuance, all shares of Common Stock issuable upon conversion of this Note.
      Maker shall pay any and all issue or other taxes that may be payable in respect
      of any issue or delivery of shares of Common Stock or other securities upon
      conversion of this Note by Payee.

    
      
         

      

      
        -4-

        
          

        

      

      
         

      

    

    5. Defined
      Terms.
      As used
      in this Note, the following terms have the respective meanings set forth
      below:

    

    (a) “Common
      Stock”
shall
      mean the common stock of Maker, par value $0.001, and any capital stock into
      which such common stock shall have been changed and any other stock resulting
      from any reclassification of such stock which is not preferred as to dividends
      or assets over any other class of stock which shall be in effect from time
      to
      time.

    

    (b) “Conversion
      Price”
shall
      mean, subject to adjustment as provided in Section 4(d) hereof,

    

    
      	 	
              i.

            	
              the
                average of the last reported sale prices on the principal trading
                market
                for the Common Stock for the ten (10) trading days immediately preceding
                the date of delivery of the applicable Optional Conversion Notice
                or
                Mandatory Conversion Notice, or

            

    

    

    
      	 	
              ii.

            	
              if
                the Conversion Price cannot be calculated as of such date on the
                foregoing
                basis, the fair market value of one share of Common Stock as reasonably
                determined in good faith by the Board of Directors of the
                Company;

            

    

    

    [provided,
      however, that in the event of an Optional Conversion of all or part of this
      Note, such Conversion Price shall not be less than $0.50 nor greater than $1.00,
      and in the event of a Mandatory Conversion, such Conversion Price shall be
      $1.20.]

    

    The
      manner of determining the Conversion Price of the Common Stock set forth in
      the
      foregoing definition shall apply with respect to any other security in respect
      of which a determination as to Conversion Price must be made
      hereunder.

    

    6. No
      Impairment.
      Maker
      will not, by amendment of its certificate or articles of incorporation or
      through any reorganization, transfer of assets, merger, dissolution, issuance
      or
      sale of securities or any other voluntary action or inaction, intentionally
      avoid or seek to avoid the observance or performance of any of the material
      terms to be observed or performed hereunder by Maker but will at all times
      in
      good faith assist in the carrying out of all the provisions of this
      Note.

    

    7. Cumulative
      Rights.
      No
      delay on the part of the holder of this Note in the exercise of any power or
      right under this Note, or under any document or instrument executed in
      connection herewith, shall operate as a waiver thereof, nor shall a single
      or
      partial exercise of any other power or right.

    

    8. Waiver.
      Maker,
      and each surety, endorser, guarantor, and other party ever liable for the
      payment of any sum of money payable on this Note, jointly and severally waive
      demand, presentment, protest, notice of nonpayment, notice of intention to
      accelerate, notice of acceleration, notice of protest, and any and all lack
      of
      diligence or delay in collection or the filing of suit hereon which may occur;
      agree that their liability on this Note shall not be affected by any renewal
      or
      extension in the time of payment hereof, by any indulgences, or by any release
      or change in any security for the payment of this Note; and hereby consent
      to
      any and all renewals, extensions, indulgences, releases, or changes hereof
      or
      hereto, regardless of the number of such renewals, extensions, indulgences,
      releases, or changes.

    
      
         

      

      
        -5-

        
          

        

      

      
         

      

    

    9. Attorneys’
      Fees and Costs.
      In the
      event that this Note is placed in the hands of attorneys for collection, or
      in
      the event this Note is collected in whole or in part through legal proceedings
      of any nature, then and in any such case Maker promises to pay all costs of
      collection, including, but not limited to, reasonable attorneys’ fees, incurred
      by the holder hereof on account of such collection.

    

    10. NO
      ORAL AGREEMENTS.
      THIS
      NOTE (ALONG WITH THE OTHER DOCUMENTS AND INSTRUMENTS EXECUTED AND DELIVERED
      PURSUANT THERETO) REPRESENTS THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY
      NOT
      BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL
      AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE
      PARTIES.

    

    11. Governing
      Law.
      This
      Note shall be governed by and construed in accordance with the laws of the
      State
      of Delaware.

    

    12. Severability.
      If any
      provision of this Note shall be held to be unenforceable by a court of competent
      jurisdiction, such provisions shall be severed from this Note and the remainder
      of this Note shall continue in full force and effect.

    

    13. Assignment.
      This
      Note, or any portion hereof, may be assigned by Payee without the consent of
      Maker. Any such assignment by Payee shall be in compliance with the Securities
      Act and applicable state securities laws.

    

    14. Notice.
      All
      notices, requests and demands to or upon the respective parties hereto to be
      effective shall be in writing (including by facsimile and electronic
      transmission) and, unless otherwise expressly provided herein, shall be deemed
      to have been duly given or made (i) in the case of delivery by hand, when
      delivered, (ii) in the case of delivery by mail, three (3) days after being
      deposited in the mails, postage prepaid, or (iii) in the case of delivery by
      facsimile or electronic transmission, when sent and receipt has been confirmed,
      addressed as follows:

    

    
      	 	
              If
                to Maker:

            	
              Gabriel
                Technologies Corporation

            

    

    4538
      South 140th
      Street

    Omaha,
      NE
      68137

    Facsimile:
      ________________

    

    

    
      	 	
              Attention:

            	
              President

            

    

    

    If
      to
      Payee:

    CTSL
      Investment, LLC

    675
      South
      Fork Drive

    Des
      Moines, Iowa 50263

    Facsimile:
      ____________________

    Attention:
      ____________________

    
      
         

      

      
        -6-

        
          

        

      

      
         

      

    

    15. Limitation
      on Interest.
      It is
      the intent of Payee and Maker in the execution of this Note and all other
      instruments now or hereafter securing this Note to contract in strict compliance
      with applicable usury law. In furtherance thereof, Payee and Maker stipulate
      and
      agree that none of the terms and provisions contained in this Note, or in any
      other instrument executed in connection herewith, shall ever be construed to
      create a contract to pay for the use, forbearance or detention of money,
      interest at a rate in excess of the maximum interest rate permitted to be
      charged by applicable law; that neither Maker nor any guarantors, endorsers
      or
      other parties now or hereafter becoming liable for payment of this Note shall
      ever be obligated or required to pay interest on this Note at a rate in excess
      of the maximum interest that may be lawfully charged under applicable law;
      and
      that the provisions of this paragraph shall control over all other provisions
      of
      this Note and any other instruments now or hereafter executed in connection
      herewith which may be in apparent conflict herewith. The holder of this Note
      expressly disavows any intention to charge or collect excessive unearned
      interest or finance charges in the event the maturity of this Note is
      accelerated. If the interest received for the actual period of existence of
      the
      loan evidenced by this Note exceeds the applicable maximum lawful rate, the
      holder of this Note shall, at its option, either refund to Maker the amount
      of
      such excess or credit the amount of such excess against the principal balance
      of
      this Note then outstanding and thereby shall render inapplicable any and all
      penalties of any kind provided by applicable law as a result of such excess
      interest. In the event that Payee or any other holder of this Note shall
      contract for, charge or receive any amount or amounts and/or any other thing
      of
      value which are determined to constitute interest which would increase the
      effective interest rate on this Note to a rate in excess of that permitted
      to be
      charged by applicable law, an amount equal to interest in excess of the lawful
      rate shall, upon such determination, at the option of the holder of this Note,
      be either immediately returned to Maker or credited against the principal
      balance of this Note then outstanding, in which event any and all penalties
      of
      any kind under applicable law as a result of such excess interest shall be
      inapplicable. The term “applicable law” as used in this Note shall mean the laws
      of the State of Delaware or the laws of the United States, whichever laws allow
      the greater rate of interest, as such laws now exist or may be changed or
      amended or come into effect in the future.

    

    IN
      WITNESS WHEREOF, the undersigned has executed this Note as of the day and year
      first above written.

    

    

    MAKER:

    

    GABRIEL
      TECHNOLOGIES CORPORATION

    

    

    

    By: /s/
      Keith R.
      Feilmeier                                                 
 

    Name:
      ___________________________________

    Title: President                                                                  
       

     

     

    -7-Unassociated Document

    EXHIBIT
      10.14

    

    

    The
      securities represented by this certificate have not been registered under the
      Securities Act of 1933, as amended, and may not be sold, exchanged or
      transferred in any manner in the absence of such registration or an opinion
      of
      counsel reasonably acceptable to the Company that no such registration is
      required.

    

    

    WARRANT
      CERTIFICATE

    

    GABRIEL
      TECHNOLOGIES CORPORATION

    

    

    
      	No.
              A-1	
              500,000
                Warrants

            

    

    Date:
      December 23,
      2005.

    

    THIS
      CERTIFIES THAT,
      for
      value received, CTSL
      INVESTMENT, LLC,
      or
      its
      registered assigns, is entitled to purchase from GABRIEL
      TECHNOLOGIES CORPORATION,
      a
      Delaware corporation (the “Company”), at any time or from time to time during
      the period specified in Paragraph 2, 500,000 fully paid and nonassessable shares
      of the Company’s Common Stock, par value $0.001 per share (the “Common Stock”),
      at an exercise price per share equal to $1.00 (the “Exercise Price”). The term
“Warrant Shares,” as used herein, refers to the shares of Common Stock
      purchasable hereunder. The Warrant Shares and the Exercise Price are subject
      to
      adjustment as provided in Paragraph 4.

    

    This
      Warrant is subject to the following terms, provisions, and
      conditions:

    

    1. Manner
      of Exercise; Issuance of Certificates; Payment for Shares.
      Subject to the provisions of this Warrant Certificate, this Warrant may be
      exercised by the holder of this Warrant and/or any permitted transferee
      specified in Section 7 below (the “holder”), in whole or in part, by the
      surrender of this Warrant together with a completed exercise agreement in the
      form attached to this Warrant Certificate (the “Exercise Agreement”), to the
      Company during normal business hours on any business day at the Company’s
      principal executive offices (or such other office or agency of the Company
      as it
      may designate by notice to the holder), and upon payment of the Exercise Price.
      At the option of the holder, the Exercise Price may be paid to the Company
      in
      cash, by certified or official bank check or by wire transfer for the account
      of
      the Company. The Warrant Shares so purchased shall be deemed to be issued to
      the
      holder or such holder’s designee, as the record owner of such shares, as of the
      close of business on the date on which this Warrant shall have been surrendered,
      the completed Exercise Agreement shall have been delivered, and payment shall
      have been made for such shares as set forth above. Certificates for the Warrant
      Shares so purchased shall be delivered to the holder within a reasonable time
      after this Warrant shall have been so exercised. The certificates so delivered
      shall be in such denominations as may be requested by the holder and shall
      be
      registered in the name of the holder or such other name as shall be designated
      by such holder.

    
      
         

      

      
        -1-

        
          

        

      

      
         

      

    

    2. Period
      of Exercise. This
      Warrant may be exercised, at the option of the holder, in whole or in part,
      at
      any time from the date of the execution of this Warrant and (b) ending at 5:00
      p.m., Central time, on the fifth anniversary of the date of this Warrant (the
      “Exercise Period”).

    

    3. Certain
      Agreements of the Company. The Company
      hereby covenants and agrees as follows:

    

    (a) Shares to
      be Fully Paid. All
      Warrant Shares will, upon issuance in accordance with the terms of this Warrant,
      be validly issued, fully paid and nonassessable and free from all taxes, liens
      and charges with respect to the issue thereof.

    

    (b) Reservation
      of Shares. During
      the Exercise Period, the Company shall at all times have authorized, and
      reserved for the purpose of issuance upon exercise of this Warrant, a sufficient
      number of shares of Common Stock to provide for the exercise of this
      Warrant.

    

    (c) Successors
      and Assigns.
      This
      Warrant will be binding upon any entity succeeding to the Company by merger,
      consolidation or acquisition of all or substantially all of the Company’s
      assets.

    

    4. Antidilution
      Provisions.
      During
      the Exercise Period, the Exercise Price and the number of Warrant Shares shall
      be subject to adjustment from time to time as provided in this Paragraph 4.
      In
      the event that any adjustment of the Exercise Price as required herein results
      in a fraction of a cent, such Exercise Price shall be rounded up to the nearest
      cent.

    

    (a) Subdivision
      or Combination of Common Stock. During
      the Exercise Period, if the Company subdivides (by any stock split, stock
      dividend, recapitalization, reorganization, reclassification or otherwise)
      any
      shares of Common Stock into a greater number of shares, then, after the date
      of
      record for effecting such subdivision, the Exercise Price in effect immediately
      prior to such subdivision will be proportionately reduced. During the Exercise
      Period, if the Company combines (by reverse stock split, recapitalization,
      reorganization, reclassification or otherwise) any shares of Common Stock into
      a
      smaller number of shares, then, after the date of record for effecting such
      combination, the Exercise Price in effect immediately prior to such combination
      will be proportionately increased.

    

    (b) Adjustment
      in Number
      of Shares. Upon
      each
      adjustment of the Exercise Price pursuant to the provisions of this Paragraph
      4,
      the number of shares of Common Stock issuable upon exercise of this Warrant
      shall be adjusted by multiplying a number equal to the Exercise Price in effect
      immediately prior to such adjustment by the number of shares of Common Stock
      issuable upon exercise of this Warrant immediately prior to such adjustment
      and
      dividing the product so obtained by the adjusted Exercise
      Price.

    
      
         

      

      
        -2-

        
          

        

      

      
         

      

    

    (c) Consolidation,
      Merger or Sale. During
      the Exercise Period, in case of any consolidation of the Company with, or merger
      of the Company into any other corporation, or in case of any sale or conveyance
      of all or substantially all of the assets of the Company other than in
      connection with a plan of complete liquidation of the Company, then as a
      condition of such consolidation, merger or sale or conveyance, adequate
      provision will be made whereby the holder of this Warrant will have the right
      to
      acquire and receive upon exercise of this Warrant in lieu of the shares of
      Common Stock immediately theretofore acquirable upon the exercise of this
      Warrant, such shares of stock, securities or assets as may be issued or payable
      with respect to or in exchange for the number of shares of Common Stock
      immediately theretofore acquirable and receivable upon exercise of this Warrant
      had such consolidation, merger or sale or conveyance taken place. In any such
      case, the Company will make appropriate provision to insure that the provisions
      of this Paragraph 4 will thereafter be applicable as nearly as may be in
      relation to any shares of stock or securities thereafter deliverable upon the
      exercise of this Warrant.

    

    (d) Notice
      of Adjustment. Upon
      the
      occurrence of any event that requires any adjustment of the Exercise Price,
      then, and in each such case, the Company shall give notice thereof to the
      holder, which notice shall state the Exercise Price resulting from such
      adjustment and the increase or decrease in the number of Warrant Shares
      purchasable at such price upon exercise, setting forth in reasonable detail
      the
      method of calculation and the facts upon which such calculation is based. Such
      calculation shall be certified by independent public accountants then engaged
      by
      the Company.

    

    (e) Minimum
      Adjustment of Exercise Price. No
      adjustment of the Exercise Price shall be made in an amount of less than 1%
      of
      the Exercise Price in effect at the time such adjustment is otherwise required
      to be made, but any such lesser adjustment shall be carried forward and shall
      be
      made at the time and together with the next subsequent adjustment which,
      together with any adjustments so carried forward, shall amount to not less
      than
      1% of such Exercise Price.

    

    (f) No
      Fractional Shares. No
      fractional shares of Common Stock are to be issued upon the exercise of this
      Warrant, but the Company shall pay a cash adjustment in respect of any
      fractional shares which would otherwise be issuable in an amount equal to the
      same fraction of the Market Price (as defined herein) of a share of Common
      Stock
      on the date of such exercise.

    

    (g) Other
      Notices.
      In
      case:

    

    (i) the
      Company shall declare any dividend upon the Common Stock payable in shares
      of
      stock of any class or make any other distribution (including dividends or
      distributions payable in cash out of retained earnings) to the holders of the
      Common Stock;

    

    (ii) the
      Company shall offer for subscription pro rata to the holders of the Common
      Stock
      any additional shares of stock of any class or other rights;

    
      
         

      

      
        -3-

        
          

        

      

      
         

      

    

    (iii) there
      shall be any capital reorganization of the Company, or reclassification of
      the
      Common Stock, or consolidation or merger of the Company with or into or sale
      of
      all or substantially all its assets to, another corporation or entity;
      or

    

    (iv) there
      shall be a voluntary or involuntary dissolution, liquidation or winding-up
      of
      the Company;

    

    then,
      in
      each such case, the Company shall give to the holder (a) notice of the date
      on
      which the books of the Company shall close or a record shall be taken for
      determining the holders of Common Stock entitled to receive any such dividend,
      distribution, or subscription rights or for determining the legal holders of
      Common Stock entitled to vote in respect of any such reorganization,
      reclassification, consolidation, merger, sale, dissolution, liquidation or
      winding up and (b) in the case of any such reorganization, reclassification,
      consolidation, merger, sale, dissolution, liquidation or winding-up, notice
      of
      the date (or, if not then known, a reasonable approximation thereof by the
      Company) when the same shall take place. Such notice shall also specify the
      date
      on which the holders of Common Stock shall be entitled to receive such dividend,
      distribution, or subscription rights or to exchange their Common Stock for
      stock
      or other securities or property deliverable upon such reorganization,
      reclassification, consolidation, merger, sale, dissolution, liquidation, or
      winding-up, as the case may be. Such notice shall be given at least 30 days
      prior to the record date or the date on which the Company’s books are closed in
      respect thereto. Failure to give any such notice or any defect therein shall
      not
      affect the validity of the proceedings referred to in clauses (i), (ii), (iii)
      and (iv) above.

    

    
      	 	
              (h)

            	
              Certain
                Definitions:

            

    

    

    (i) “Market
      Price” as of any date, means (a) the average of the last reported sale prices on
      the principal trading market for the Common Stock for the ten (10) trading
      days
      immediately preceding the date of any such determination, or (b) if market
      value
      cannot be calculated as of such date on the foregoing basis, Market Price shall
      be the fair market value as reasonably determined in good faith by the Board
      of
      Directors of the Company. The manner of determining the Market Price of the
      Common Stock sets forth in the foregoing definition shall apply with respect
      to
      any other security in respect of which a determination as to market value must
      be made hereunder.

    

    (ii) “Common
      Stock” for the purposes of this Paragraph 4, includes the Common Stock, par
      value $0.001 per share, or shares resulting from any subdivision or combination
      of such Common Stock, or in the case of any reorganization, reclassification,
      consolidation, or sale of the character referred to in Paragraph 4(c), the
      stock
      or other securities or property provided for in such Paragraph.

    

    5. Issue
      Tax. The
      issuance of certificates for Warrant Shares upon the exercise of this Warrant
      shall be made without charge to the holder or such shares for any issuance
      tax
      or other costs in respect thereof, provided that the Company shall not be
      required to pay any tax that may be payable in respect of any transfer involved
      in the issuance and delivery of any certificate in a name other than the holder
      of this Warrant.

    
      
         

      

      
        -4-

        
          

        

      

      
         

      

    

    6. No
      Rights or Liabilities as a Shareholder. This
      Warrant shall not entitle the holder to any voting rights or other rights as
      a
      shareholder of the Company. No provision of this Warrant, in the absence of
      affirmative action by the holder to purchase Warrant Shares, and no mere
      enumeration herein of the rights or privileges of the holder, shall give rise
      to
      any liability of such holder for the Exercise Price or as a shareholder of
      the
      Company, whether such liability is asserted by the Company or by creditors
      of
      the Company.

    

    7. Transfer
      and Replacement of Warrant.

    

    (a) Restriction
      on Transfer. This
      Warrant and the rights granted to the holder are transferable, in whole or
      in
      part, upon surrender of this Warrant, together with a properly executed
      assignment in the form attached hereto, at the office of the Company referred
      to
      in Paragraph 7(d) below, provided, however,
      that
      any transfer or assignment shall be subject to the conditions set forth in
      Paragraph 7(e). Until due presentment for registration of transfer on the books
      of the Company, the Company may treat the registered holder as the owner and
      holder of this Warrant for all purposes, and the Company shall not be affected
      by any notice to the contrary.

    

    (b) Replacement
      of Warrant. Upon
      receipt of evidence reasonably 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 an indemnity agreement reasonably
      satisfactory in form and amount to the Company, or, in the case of any such
      mutilation, upon surrender and cancellation of this Warrant, the Company, at
      its
      expense, will execute and deliver, in lieu thereof, a new Warrant of like
      tenor.

    

    (c) Cancellation;
      Payment of Expenses. Upon
      the
      surrender of this Warrant in connection with any transfer or replacement as
      provided in this Paragraph 7, this Warrant shall be promptly canceled by the
      Company. The Company shall pay all taxes (other than securities transfer taxes)
      and all other expenses (other than legal expenses, if any, incurred by the
      Holder) in connection with the preparation, execution, and delivery of Warrants
      pursuant to this Paragraph 7.

    

    (d) Register.
      The Company shall
      maintain, at its principal executive offices (or such other office of the
      Company as it may designate by notice to the holder), a register for this
      Warrant, in which the Company shall record the name and address of the person
      in
      whose name this Warrant has been issued, as well as the name and address of
      each
      transferee and each prior owner of this Warrant.

    

    (e) Exercise
      or Transfer Without Registration. If,
      at
      the time of the surrender of this Warrant in connection with any exercise,
      transfer, or exchange of this Warrant, this Warrant (or in the case of any
      exercise, the Warrant Shares issuable hereunder) shall not be registered under
      the Securities Act and under applicable state securities or blue sky laws,
      the
      Company may require, as a condition of allowing such exercise, transfer, or
      exchange (i) that the holder or transferee of this Warrant, as the case may
      be,
      furnish to the Company a written opinion of counsel, which opinion and counsel
      are reasonably acceptable to the Company, to the effect that such exercise,
      transfer or exchange may be made without registration under said Act and under
      applicable state securities or blue sky laws, and (ii) that the holder or
      transferee execute and deliver to the Company an investment letter in form
      and
      substance acceptable to the Company. The first holder of this Warrant, by taking
      and holding the same, represents to the Company that such holder is acquiring
      this Warrant for investment and not with a view to the distribution
      thereof.

     

    
      
         

      

      
        -5-

        
          

        

      

      
         

      

    

     

    8. Notices.
      All
      notices, requests and other communications required or permitted to be given
      or
      delivered hereunder to the holder of this Warrant shall be in writing, and
      shall
      be personally delivered, or shall be sent by certified or registered mail or
      by
      recognized overnight mail courier, postage prepaid and addressed, to such holder
      at the address shown for such holder on the books of the Company, or at such
      other address as shall have been furnished to the Company by notice from such
      holder. All notices, requests, and other communications required or permitted
      to
      be given or delivered hereunder to the Company shall be in writing, and shall
      be
      personally delivered, or shall be sent by certified or registered mail or by
      recognized overnight mail courier, postage prepaid and addressed to the office
      of the Company at:

    

    Gabriel
      Technologies Corporation

    4538
      South 140th
      Street

    Omaha,
      NE
      68137

    
      	 	
              Attention:

            	
              President

            

    

    

    or
      at
      such other address as shall have been furnished to the holder of this Warrant
      by
      notice from the Company. Any such notice, request or other communication may
      be
      sent by facsimile, but shall in such case be subsequently confirmed by a writing
      personally delivered or sent by certified or registered mail or by recognized
      overnight mail courier as provided above. All notices, requests and other
      communications shall be deemed to have been given either at the time of the
      receipt thereof by the person entitled to receive such notice at the address
      of
      such person for purposes of this Paragraph 8 or, if mailed by registered or
      certified mail or with a recognized overnight mail courier upon deposit with
      the
      United States Post Office or such overnight mail courier, if postage is prepaid
      and the mailing is properly addressed, as the case may be.

    

    9. Governing Law.
      THIS
      WARRANT SHALL BE GOVERNED AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE
      INTERNAL LAWS OF THE STATE OF DELAWARE WITHOUT REGARD TO THE BODY OF LAW
      CONTROLLING CONFLICTS OF LAW.

    

    
      	 	
              10.

            	
              Miscellaneous.

            

    

    

    (a) Amendments.
      This
      Warrant and any provision it may only be amended by an instrument signed by
      the
      Company and the holder.

    

    (b) Descriptive
      Headings. The
      descriptive headings of the several paragraphs of this Warrant are inserted
      for
      purposes of reference only, and shall not affect the meaning or construction
      of
      any of the provisions of this Warrant.

    
      
         

      

      
        -6-

        
          

        

      

      
         

      

    

    (c) Severability
      and Savings Clause.
      If any
      one or more of the provisions contained in this Agreement is for any reason
      (i)
      objected to, contested or challenged by any court, government authority, agency,
      department, commission or instrumentality of the United States or any state
      or
      political subdivision thereof, or any securities industry self-regulatory
      organization (collectively, “Governmental Authority”), or (ii) held to be
      invalid, illegal or unenforceable in any respect, the Company and the holder
      agree to negotiate in good faith to modify such objected to, contested,
      challenged, invalid, illegal or unenforceable provision. It is the intention
      of
      Company and the holder that there shall be substituted for such objected to,
      contested, challenged, invalid, illegal or unenforceable provision a provision
      as similar to such provision as may be possible and yet be acceptable to any
      objecting Governmental Authority and be valid, legal and enforceable. Further,
      should any provisions of this Agreement ever be reformed or rewritten by a
      judicial body, those provisions as rewritten will be binding, but only in that
      jurisdiction, on the holder and the Company as if contained in the original
      Agreement. The invalidity, illegality or unenforceability of any one or more
      provisions of this Warrant will not affect the validity and enforceability
      of
      any other provisions of this Warrant.

    

    WITNESS
      the
      signature of a proper officer of the Company as of the date first above
      written.

    

    GABRIEL
      TECHNOLOGIES CORPORATION

    

    By: /s/
      Keith R.
      Feilmeier                                                       
 

    Name:______________________________________

    Title: President                                                                        
       

    

    

    

    ATTEST:

    

     

    KR
      Feilmeier                                           
 

    Secretary

     

    -7-

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