Document:

Form of Securities Purchase Agreement

 

Exhibit 10.7

 

 

 

 

 

 

 

 

WEED
Inc.

 

____________________________

 

SECURITIES
PURCHASE AGREEMENT

 

__________________________

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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SECURITIES
PURCHASE AGREEMENT

 

This
Securities Purchase Agreement (this “Agreement”) is
made and entered into effective as of the Xh. Day of XXXXXX, 2017
(the “Effective Date”) by and between WEED Inc., a
Nevada corporation (the “Company”), formerly United
Mines Inc. and XXXXX XXXXXXX, an individual (the
“Purchaser”). The Company and Purchaser shall each be
referred to as a “Party” and collectively as the
“Parties.”

 

1.
PURCHASE OF SHARES: On the Closing Date (as hereinafter defined),
subject to the terms and conditions set forth in this Agreement,
the Purchaser hereby agrees to purchase, and the Company hereby
agrees to sell, (a) (XX,XXX) shares of common stock of the Company,
par value $0.001 (the “Shares”), and (b) Warrants to
purchase XXXX XXXXXX (XX,XXX) shares of common stock of the Company
(the “Warrants”), in form and substance substantially
as set forth in Exhibit A attached hereto, for a total purchase
price of XXXXXX XXXXXX Dollars ($XX,XXX.XX) (the “Purchase
Price”). The Shares and the Warrants shall collectively be
referred to herein as the “Securities.”

 

2.
CLOSING AND DELIVERY:

 

a) Upon
the terms and subject to the conditions set forth herein, the
consummation of the purchase and sale of the Securities (the
“Closing”) shall take place as follows: (a) Purchaser
will pay $XXXXXX, as the full Purchase Price, on or before XXXXXXXX
Xth. 2017,
and will be issued XXXXX XXXXXXXXX (XX,XXX) Shares, and all XX,XXX
of the Warrants at the exercise price of $3.00, valid for 2 years
from date of this Agreement. All shares and warrants due shall be
delivered within ten (10) business days of delivery of payment. The
Closing shall take place at the offices of counsel for the Company
or by the exchange of documents and instruments by mail, courier,
facsimile, email or wire transfer to the extent mutually acceptable
to the Parties hereto. The $XX,XXX has been acknowledged and
received.

 

 (i)
The Company shall deliver to the Purchaser (A) a certificate
representing the applicable number of Shares, free from
restrictions on transfer except as set forth in this Agreement, and
(B) on the Closing Date, the Warrants.

 

(ii)
The Purchaser shall deliver to the Company the applicable portion
of the Purchase Price.

 

3.
REPRESENTATIONS, WARRANTIES AND AGREEMENTS BY PURCHASER: The
Purchaser hereby represents, warrants and agrees as
follows:

 

a)
Purchase for Own Account. Purchaser represents that he is acquiring
the Securities solely for his own account and beneficial interest
for investment and not for sale or with a view to distribution of
the Securities or any part thereof, has no present intention of
selling (in connection with a distribution or otherwise), granting
any participation in, or otherwise distributing the same, and does
not presently have reason to anticipate a change in such
intention.

 

b)
Ability to Bear Economic Risk. Purchaser acknowledges that an
investment in the Securities involves a high degree of risk, and
represents that he is able, without materially impairing his
financial condition, to hold the Securities for an indefinite
period of time and to suffer a complete loss of his
investment.

 

c)
Access to Information. The Purchaser acknowledges that the
Purchaser has been furnished with such financial and other
information concerning the Company, the directors and officers of
the Company, and the business and proposed business of the Company
as the Purchaser considers necessary in connection with the
Purchaser’s investment in the Securities. Purchaser has also
had an opportunity to review the Company’s filings with the
Securities and Exchange Commission. As a result, the Purchaser is
thoroughly familiar with the proposed business, operations,
properties and financial condition of the Company and has discussed
with officers of the Company any questions the Purchaser may have
had with respect thereto.

 

 

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The
Purchaser understands:

 

(i) The
risks involved in this investment, including the speculative nature
of the investment;

 

(ii)
The financial hazards involved in this investment, including the
risk of losing the Purchaser’s entire
investment;

 

(iii)
The lack of liquidity and restrictions on transfer of the
Securities; and

 

(iv)
The tax consequences of this investment.

 

The
Purchaser has consulted with the Purchaser’s own legal,
accounting, tax, investment and other advisers with respect to the
tax treatment of an investment by the Purchaser in the Securities
and the merits and risks of an investment in the
Securities.

 

d)
Securities Part of Private Placement. The Purchaser has been
advised that the Securities have not been registered under the
Securities Act of 1933, as amended (the “Act”), or
qualified under the securities law of any state, on the ground,
among others, that no distribution or public offering of the
Securities is to be effected and the Securities will be issued by
the Company in connection with a transaction that does not involve
any public offering within the meaning of section 4(2) of the Act
and/or Regulation D as promulgated by the Securities and Exchange
Commission under the Act, and under any applicable state blue sky
authority. The Purchaser understands that the Company is relying in
part on the Purchaser’s representations as set forth herein
for purposes of claiming such exemptions and that the basis for
such exemptions may not be present if, notwithstanding the
Purchaser’s representations, the Purchaser has in mind merely
acquiring the Securities for resale on the occurrence or
nonoccurrence of some predetermined event. The Purchaser has no
such present intention.

 

e)
Purchaser Not Affiliated with Company. The Purchaser, either alone
or with the Purchaser’s professional advisers (i) are
unaffiliated with, have no equity interest in, and are not
compensated by, the Company or any affiliate or selling agent of
the Company, directly or indirectly, (ii) has such knowledge and
experience in financial and business matters that the Purchaser is
capable of evaluating the merits and risks of an investment in the
Securities; and (iii) has the capacity to protect the
Purchaser’s own interests in connection with the
Purchaser’s proposed investment in the
Securities.

 

f)
Further Limitations on Disposition. Purchaser further acknowledges
that the Securities are restricted securities under Rule 144 of the
Act, and, therefore any certificates reflecting the ownership
interest in the Shares or the Warrants will contain a restrictive
legend substantially similar to the following:

 

THESE
SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
1933, AS AMENDED (THE “ACT”). THEY MAY NOT BE SOLD,
OFFERED FOR SALE, PLEDGED, HYPOTHECATED OR OTHERWISE DISPOSED OF
EXCEPT PURSUANT TO (i) AN EFFECTIVE REGISTRATION STATEMENT UNDER
THE ACT AND ANY APPLICABLE STATE LAWS, (ii) TO THE EXTENT
APPLICABLE, RULE 144 UNDER THE ACT (OR ANY SIMILAR RULE UNDER THE
ACT RELATING TO THE DISPOSITION OF SECURITIES), OR (iii) AN OPINION
OF COUNSEL, IF SUCH OPINION SHALL BE REASONABLY SATISFACTORY TO
COUNSEL TO THE ISSUER, THAT AN EXEMPTION FROM REGISTRATION UNDER
THE ACT AND APPLICABLE STATE LAW IS AVAILABLE.

 

Without
in any way limiting the representations set forth above, Purchaser
further agrees not to make any disposition of all or any portion of
the Securities unless and until:

 

(i)
There is then in effect a Registration Statement under the Act
covering such proposed disposition and such disposition is made in
accordance with such Registration Statement; or

 

 

 

 

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(ii)
Purchaser shall have obtained the consent of the Company and
notified the Company of the proposed disposition and shall have
furnished the Company with a detailed statement of the
circumstances surrounding the proposed disposition, and if
reasonably requested by the Company, Purchaser shall have furnished
the Company with an opinion of counsel, reasonably satisfactory to
the Company, that such disposition will not require registration
under the Act or any applicable state securities laws.

 

Notwithstanding
the provisions of subparagraphs (i) and (ii) above, no such
registration statement or opinion of counsel shall be necessary for
a transfer by such Purchaser to a partner (or retired partner) of
Purchaser, or transfers by gift, will or intestate succession to
any spouse or lineal descendants or ancestors, if all transferees
agree in writing to be subject to the terms hereof to the same
extent as if they were Purchasers hereunder as long as the consent
of the Company is obtained.

 

g)
Accredited Investor Status. Purchaser is an “accredited
investor” as such term is defined in Rule 501 under the Act
because Purchaser either:

 

(i) has
a net worth of at least $1,000,000 (including home and personal
property), or

 

 (ii)
had an individual income of more than $200,000 in each of the two
most recent calendar years, and reasonably expects to have an
individual income in excess of $200,000 in the current calendar
year; or along with Purchaser’s spouse had joint income in
excess of $300,000 in each of the two most recent calendar years,
and reasonably expects to have a joint income in excess of $300,000
in the current calendar year.

 

For
purposes of this Agreement, “individual income” means
“adjusted gross income” as reported for Federal income
tax purposes, exclusive of any income attributable to a spouse or
to property owned by a spouse: (i) the amount of any interest
income received which is tax-exempt under Section 103 of the
Internal Revenue Code of 1986, as amended, (the
“Code”), (ii) the amount of losses claimed as a limited
partner in a limited partnership (as reported on Schedule E of form
1040), (iii) any deduction claimed for depletion under Section 611
et seq. of the Code and (iv) any amount by which income from
long-term capital gains has been reduced in arriving at adjusted
gross income pursuant to the provisions of Sections 1202 of the
Internal Revenue Code as it was in effect prior to enactment of the
Tax Reform Act of 1986.

 

For
purposes of this Agreement, “joint income” means,
“adjusted gross income,” as reported for Federal income
tax purposes, including any income attributable to a spouse or to
property owned by a spouse, and increased by the following amounts:
(i) the amount of any interest income received which is tax-exempt
under Section 103 of the Internal Revenue Code of 1986, as amended
(the “Code”), (ii) the amount of losses claimed as a
limited partner in a limited partnership (as reported on Schedule E
of Form 1040), (iii) any deduction claimed for depletion under
Section 611 et seq. of the Code and (iv) any amount by which income
from long-term capital gains has been reduced in arriving at
adjusted gross income pursuant to the provisions of Section 1202 of
the Internal Revenue Code as it was in effect prior to enactment of
the Tax Reform Act of 1986.

 

For the
purposes of this Agreement, “net worth” means (except
as otherwise specifically defined) the excess of total assets at
fair market value, including home and personal property, over total
liabilities, including mortgages and income taxes on unrealized
appreciation of assets.

 

h) No
Backup Withholding. The Social Security Number shown in this
Agreement is correct, and the Purchaser is not subject to backup
withholding because (i) the Purchaser has not been notified that he
or she is subject to backup withholding as a result of a failure to
report all interest and dividends or (ii) the Internal Revenue
Service has notified the Purchaser that he or she is no longer
subject to backup withholding.

 

 

 

 

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j)
Purchase Price Arbitrarily Determined. The Purchaser acknowledges
that the Purchase Price of the Shares and the exercise price of the
Warrants being offered hereby was determined by management and
bears no relationship to the Company’s current assets, book
value, net worth or operations, or stock market price, and may not
be indicative of our actual value. Although the Company’s
common stock trades on the OTC Markets Pink Sheets, volume has been
light since inception and thus no indication as to the market value
of the Shares.

 

4.
REPRESENTATIONS, WARRANTIES AND AGREEMENTS BY COMPANY: The Company
hereby represents, warrants and agrees as follows:

 

a)
Authority of Company. The Company has all requisite authority to
execute and deliver this Agreement and to carry out and perform its
obligations under the terms of this Agreement.

 

b)
Authorization. All actions on the part of the Company necessary for
the authorization, execution, delivery and performance of this
Agreement by the Company and the performance of the Company’s
obligations hereunder has been taken or will be taken prior to the
issuance of the Securities. This Agreement, when executed and
delivered by the Company, shall constitute valid and binding
obligations of the Company enforceable in accordance with their
terms, subject to laws of general application relating to
bankruptcy, insolvency, the relief of debtors and, with respect to
rights to indemnity, subject to federal and state securities
laws.

 

Upon
their issuance the Securities will be validly issued, fully paid
and nonassessable, will not violate any preemptive rights, rights
of first refusal, or any other rights granted by the Company, will
be issued in compliance with all applicable federal and state
securities laws, and will be free of any liens or encumbrances,
other than any liens or encumbrances created by or imposed upon the
Purchaser through no action of the Company; provided, however, that
the Securities may be subject to restrictions on transfer under
state and/or federal securities laws as set forth herein or as
otherwise required by such laws at the time the transfer is
proposed.

 

c)
Governmental Consents. All consents, approvals, orders, or
authorizations of, or registrations, qualifications, designations,
declarations, or filings with, any governmental authority required
on the part of the Company in connection with the valid execution
and delivery of this Agreement, the offer, sale or issuance of the
Securities, or the consummation of any other transaction
contemplated hereby shall have been obtained, except for notices
required or permitted to be filed with certain state and federal
securities commissions, which notices will be filed on a timely
basis.

 

d) Use
of Proceeds. The Company intends to use the proceeds from this
offering for general working capital purposes at the discretion of
the Company’s management.

 

5.
INDEMNIFICATION: The Purchaser hereby agrees to indemnify and
defend the Company and its officers and directors and hold them
harmless from and against any and all liability, damage, cost or
expense incurred on account of or arising out of:

 

(a) Any
breach of or inaccuracy in the Purchaser’s representations,
warranties or agreements herein;

 

(b) Any
disposition of any Securities contrary to any of the
Purchaser’s representations, warranties or agreements
herein;

 

(c) Any
action, suit or proceeding based on (i) a claim that any of said
representations, warranties or agreements were inaccurate or
misleading or otherwise cause for obtaining damages or redress from
the Company or any director or officer of the Company under the
Act, or (ii) any disposition of any Securities.

 

 

 

 

 

 

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6.
MISCELLANEOUS:

 

a)
Binding Agreement. The terms and conditions of this Agreement shall
inure to the benefit of and be binding upon the respective
successors and assigns of the Parties. Nothing in this Agreement,
expressed or implied, is intended to confer upon any third party
any rights, remedies, obligations, or liabilities under or by
reason of this Agreement, except as expressly provided in this
Agreement.

 

b)
Governing Law; Venue. This Agreement shall be governed by and
construed under the laws of the State of Arizona as applied to
agreements among Arizona residents, made and to be performed
entirely within the State of Arizona. The Parties agree that any
action brought to enforce the terms of this Agreement will be
brought in the appropriate federal or state court having
jurisdiction over Pima County, Arizona, United States of
America.

 

c)
Counterparts. This Agreement may be executed in one or more
counterparts, each of which shall be deemed an original, but all of
which together shall constitute one and the same
instrument.

 

d)
Titles and Subtitles. The titles and subtitles used in this
Agreement are used for convenience only and are not to be
considered in construing or interpreting this
Agreement.

 

e)
Notices. All notices required or permitted hereunder shall be in
writing and shall be deemed effectively given: (a) upon personal
delivery to the Party to be notified, (b) when sent by confirmed
facsimile if sent during normal business hours of the recipient, if
not, then on the next business day, or (c) one (1) day after
deposit with a nationally recognized overnight courier, specifying
next day delivery, with written verification of receipt. All
communications shall be sent as follows:

 

If to
the Company: WEED, Inc. 4920 N. Post Trail, Tucson, AZ
85750

 

Telephone
(520) 818-8582 Attn: Glenn E. Martin

 

If to
Purchaser: XXXXXX XXXXXX XXXXXXX. XXXXX,XX 00000

 

Telephone:
(XXX) XXX-XXXX  email:
XXXXXX@XXXXXXX.com

 

or at
such other address as the Company or Purchaser may designate by ten
(10) days advance written notice to the other Party
hereto.

 

f)
Modification; Waiver. No modification or waiver of any provision of
this Agreement or consent to departure therefrom shall be effective
unless in writing and approved by the Company and the
Purchaser.

 

g)
Entire Agreement; Successors. This Agreement and the Exhibits
hereto constitute the full and entire understanding and agreement
between the Parties with regard to the subjects hereof and no Party
shall be liable or bound to the other Party in any manner by any
representations, warranties, covenants and agreements except as
specifically set forth herein. The representations, warranties and
agreements contained in this Agreement shall be binding on the
Purchaser’s successors, assigns, heirs and legal
representatives and shall inure to the benefit of the respective
successors and assigns of the Company and its directors and
officers.

 

h)
Expenses. Each Party shall pay their own expenses in connection
with this Agreement. In addition, should either Party commence any
action, suit or proceeding to enforce this Agreement or any term or
provision hereof, then in addition to any other damages or awards
that may be granted to the prevailing Party, the prevailing Party
shall be entitled to have and recover from the other Party such
prevailing Party’s reasonable attorneys’ fees and costs
incurred in connection therewith.

 

i)
Currency. All currency is expressed in U.S. dollars.

 

 

 

 

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IN
WITNESS WHEREOF, the Parties have executed this Securities Purchase
Agreement as of the date first written above.

 

 

	
 “Company”

	
 

	
 “Purchaser”

	
 

	
 

 

 

 

	
 

	
 

	
 

	
 

WEED
Inc., a Nevada corporation

By:
Glenn E. Martin

Its:
Chief Executive Officer

  

	
 

	
 

By: XXXXX XXXXXXXX,
an indiviDUAL

 

	
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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A-1

 

Exhibit
A

 

Form of
Warrant sent separately

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Page 8 of
8Form of Warrant Agreement

 

Exhibit
10.8

 

WEED INC.

 

 

THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED (“THE
ACT”), OR THE SECURITIES LAWS OF ANY STATE, AND MAY NOT BE
OFFERED, SOLD, TRANSFERRED, PLEDGED, HYPOTHECATED OR OTHERWISE
DISPOSED OF EXCEPT PURSUANT TO (i) AN EFFECTIVE REGISTRATION
STATEMENT UNDER THE ACT AND ANY APPLICABLE STATE LAWS, (ii) TO THE
EXTENT APPLICABLE, RULE 144 UNDER THE ACT (OR ANY SIMILAR RULE
UNDER THE ACT RELATING TO THE DISPOSITION OF SECURITIES), OR (iii)
AN OPINION OF COUNSEL, IF SUCH OPINION SHALL BE REASONABLY
SATISFACTORY TO COUNSEL TO THE ISSUER, THAT AN EXEMPTION FROM
REGISTRATION UNDER THE ACT AND APPLICABLE STATE LAW IS
AVAILABLE.

 

WEED No. XXXX

 

STOCK PURCHASE WARRANT

 

THIS IS
TO CERTIFY that, for value received, XXXXXX., a Arizona corporation
and/or assigns (the “Holder”) is entitled, subject to
the terms and conditions set forth herein, to purchase from WEED
Inc., a Nevada corporation (the “Company”) up to
XXXXXXXXXXXXXXXX (XXX,XXX) fully paid and nonassessable shares of
common stock of the Company (the “Warrant Securities”)
at the initial price of $3.00 (Three Dollars) per share but subject
to adjustment as provided in Section 3 below, (the “Exercise
Price”), upon payment by cashier’s check or wire
transfer of the Exercise Price for such shares of the Common Stock
to the Company at the Company’s offices.

 

1.   
        Exercisability. This
Warrant may be exercised in whole or in part at any time, or from
time to time, between the date hereof and 5:00 p.m. Pacific
Standard Time on XXXXXXX., 2019, by presentation and surrender
hereof to the Company of a notice of election to purchase duly
executed and accompanied by payment by check or wire transfer of
the Exercise Price.

 

2.   
        Manner of Exercise.
In case of the purchase of less than all the Warrant Securities,
the Company shall cancel this Warrant upon the surrender hereof and
shall execute and deliver a new warrant of like tenor for the
balance of the Warrant Securities. Upon the exercise of this
Warrant, the issuance of certificates for securities, properties or
rights underlying this Warrant shall be made forthwith (and in any
event within three (3) business days thereafter) without charge to
the Holder including, without limitation, any tax that may be
payable in respect of the issuance thereof: provided, however, that
the Company shall not be required to pay any tax in respect of
income or capital gain of the Holder.

 

 

 

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If and
to the extent this Warrant is exercised, in whole or in part, the
Holder shall be entitled to receive a certificate or certificates
representing the Warrant Securities so purchased, upon presentation
and surrender to the Company of the form of election to purchase
attached hereto duly executed, and accompanied by payment of the
purchase price.

 

3.   
        Adjustment in Number of
Shares.

 

(A)           Adjustment
for Reclassifications. In case at any time or from time to
time after the issue date the holders of the Common Stock of the
Company (or any shares of stock or other securities at the time
receivable upon the exercise of this Warrant) shall have received,
or, on or after the record date fixed for the determination of
eligible stockholders, shall have become entitled to receive,
without payment therefore, other or additional stock or other
securities or property (including cash) by way of stock split,
spin-off, reclassification, combination of shares or similar
corporate rearrangement (exclusive of any stock dividend of its or
any subsidiary’s capital stock), then and in each such case
the Holder of this Warrant, upon the exercise hereof as provided in
Section 1, shall be entitled to receive the amount of stock and
other securities and property which such Holder would hold on the
date of such exercise if on the issue date he had been the holder
of record of the number of shares of Common Stock of the Company
called for on the face of this Warrant and had thereafter, during
the period from the issue date, to and including the date of such
exercise, retained such shares and/or all other or additional stock
and other securities and property receivable by him as aforesaid
during such period, giving effect to all adjustments called for
during such period. In the event of any such adjustment, the
Exercise Price shall be adjusted proportionally.

 

(B)           Adjustment
for Reorganization, Consolidation, Merger. In case of any
reorganization of the Company (or any other corporation the stock
or other securities of which are at the time receivable on the
exercise of this Warrant) after the issue date, or in case, after
such date, the Company (or any such other corporation) shall
consolidate with or merge into another corporation or convey all or
substantially all of its assets to another corporation, then and in
each such case the Holder of this Warrant, upon the exercise hereof
as provided in Section 1 at any time after the consummation of such
reorganization, consolidation, merger or conveyance, shall be
entitled to receive, in lieu of the stock or other securities or
property to which such Holder would be entitled had the Holder
exercised this Warrant immediately prior thereto, all subject to
further adjustment as provided herein; in each such case, the terms
of this Warrant shall be applicable to the shares of stock or other
securities or property receivable upon the exercise of this Warrant
after such consummation.

 

4.   
        No Requirement to
Exercise.

 

Nothing
contained in this Warrant shall be construed as requiring the
Holder to exercise this Warrant prior to or in connection with the
effectiveness of a registration statement.

 

 

 

 

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5.   
        No Stockholder
Rights. Unless and until this Warrant is exercised, this
Warrant shall not entitle the Holder hereof to any voting rights or
other rights as a stockholder of the Company, or to any other
rights whatsoever except the rights herein expressed, and, no
dividends shall be payable or accrue in respect of this
Warrant.

 

6.            Registration
Rights. If the Company at any time proposes to register any
of its securities under the Act, including under an S-1
Registration Statement or otherwise, it will each such time give
written notice to all holders of outstanding warrants of its
intention so to do. Upon the written request of a holder or holders
of any such warrants given within 30 days after receipt of any such
notice, the Company will use its best efforts to cause all shares
underlying the exercise of such warrants to be registered under the
Act (with the securities which the Company at the time propose to
register); provided, however, that the Company may, as a condition
precedent to its effective such registration, require each Holder
to agree with the Company and the managing underwriter or
underwriters of the offering to be made by the Company in
connection with such registration that such Holder will not sell
any securities of the same class or convertible into the same class
as those registered by the Company (including any class into which
the securities registered by the Company are convertible) for such
reasonable period after such registration becomes effective (not
exceeding 90 days) as shall then be specified in writing by such
underwriter or underwriters if in the opinion of such underwriter
or underwriters the Company's offering would be materially
adversely affected in the absence of such an agreement. All
expenses incurred by the Company in complying with this Section,
including without limitation all registration and filing fees,
listing fees, printing expenses, fees and disbursements of all
independent accountants, or counsel for the Company and the expense
of any special audits incident to or required by any such
registration and the expenses of complying with the securities or
blue sky laws of any jurisdiction shall be paid by the
Company.

 

7.   
        Exchange. This
Warrant is exchangeable upon the surrender hereof by the Holder to
the Company for new warrants of like tenor representing in the
aggregate the right to purchase the number of Warrant Securities
purchasable hereunder, each of such new warrants to represent the
right to purchase such number of Warrant Securities as shall be
designated by the Holder at the time of such
surrender.

 

Upon
receipt by the Company of evidence reasonably satisfactory to it of
the loss, theft, destruction or mutilation of this Warrant, and, in
case of loss, theft or destruction, of indemnity or security
reasonably satisfactory to it and reimbursement to the company of
all reasonable expenses incidental thereto, and upon surrender and
cancellation hereof, if mutilated, the Company will make and
deliver a new warrant of like tenor and amount, in lieu
hereof.

 

8.   
        Elimination of Fractional
Interests. The Company shall not be required to issue
certificates representing fractions of securities upon the exercise
of this Warrant, nor shall it be required to issue scrip or pay
cash in lieu of fractional interests. All fractional interests
shall be eliminated by rounding any fraction up to the nearest
whole number of securities, properties or rights receivable upon
exercise of this Warrant.

 

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9.   
        Reservation of
Securities. The Company shall at all times reserve and keep
available out of its authorized shares of Common Stock or other
securities, solely for the purpose of issuance upon the exercise of
this Warrant, such number of shares of Common Stock or other
securities, properties or rights as shall be issuable upon the
exercise hereof. The Company covenants and agrees that, upon
exercise of this Warrant and payment of the Principal Value, all
shares of Common Stock and other securities issuable upon such
exercise shall be duly and validly issued, fully paid,
non-assessable and not subject to the preemptive rights of any
stockholder.

 

10.   
        Notices to Holder.
If at any time prior to the expiration of this Warrant or its
exercise, any of the following events shall occur:

 

(a)           the
Company shall take a record of the holders of any class of its
securities for the purpose of entitling them to receive a dividend
or distribution payable otherwise than in cash, or a cash dividend
or distribution payable otherwise than out of current or retained
earnings, as indicated by the accounting treatment of such dividend
or distribution on the books of the Company; or

 

(b)        
the Company shall offer to all the holders of a class of its
securities any additional shares of capital stock of the Company or
securities convertible into or exchangeable for shares of capital
stock of the Company, or any option or warrant to subscribe
therefor; or

 

(c)           a
dissolution, liquidation or winding up of the Company (other than
in connection with a consolidation or merger) or a sale of all or
substantially all of its property, assets and business as an
entirety shall be proposed.

 

then,
in any one or more said events, the Company shall give written
notice of such event to the Holder at least fifteen (15) days prior
to the date fixed as a record date or the date of closing the
transfer books for the determination of the stockholder entitled to
such dividend, distribution, convertible or exchangeable securities
or subscription rights, or entitled to vote on such proposed
dissolution, liquidation, winding up or sale. Such notice shall
specify such record date or the date of closing the transfer books,
as the case may be.

 

11.   
        Transferability.
This Warrant may not be transferred or assigned by the Holder
without prior written approval by the Company.

 

12.        
Informational
Requirements. The Company will transmit to the Holder such
information, documents and reports as are generally distributed to
stockholders of the Company concurrently with the distribution
thereof to such stockholders.

 

 

 

 

 

 

 Page
4 of 6

 

 

13.   
        Notice. Notices to
be given to the Company or the Holder shall be deemed to have been
sufficiently given if delivered personally or sent by overnight
courier or messenger, or by facsimile transmission. Notices shall
be deemed to have been received on the date of personal delivery or
facsimile transmission. The address of the Company and of the
Holder shall be as set forth in the Company’s books and
records.

 

14.            Consent
to Jurisdiction and Service. The Company consents to the
jurisdiction of any court of the State of Arizona, and of any
federal court located in Arizona, in any action or proceeding
arising out of or in connection with this Warrant. The Company
waives personal service of any summons, complaint or other process
in connection with any such action or proceeding and agrees that
service thereof may be made at the location provided in Section 13
hereof, or, in the alternative, in any other form or manner
permitted by law. Pima County, Arizona shall be proper
venue.

 

15.            Successors.
All the covenants and provisions of this Warrant shall be binding
upon and inure to the benefit of the Company, the Holder and their
respective legal representatives, successors and
assigns.

 

16.            Attorneys
Fees. In the event the Investors or any holder hereof shall
refer this Warrant to an attorney to enforce the terms hereof, the
Company agrees to pay all the costs and expenses incurred in
attempting or effecting collection hereunder, including reasonable
attorney's fees, whether or not suit is instituted.

 

17.       
    Governing Law. THIS
WARRANT SHALL BE GOVERNED, CONSTRUED AND INTERPRETED UNDER THE LAWS
OF THE STATE OF ARIZONA, WITHOUT GIVING EFFECT TO THE RULES
GOVERNING CONFLICTS OF LAW.

 

IN
WITNESS WHEREOF, the Company has caused this Warrant to be executed
by the signature of its President and to be delivered in Tucson,
Arizona.

 

 

	
Dated: XXXXXXXXXX
2017 

	
 

	
 WEED
Inc.

A Nevada
corporation

	
 

	
 

	
 

	
 

 

 

 

	
 

	
 

	
 

	
By:   
Glenn E. Martin

Its:     
Chief Executive Officer & President

	
 

 

 

 

 Page
5 of 6

 

 

[FORM
OF ELECTION TO PURCHASE]

 

 

The
undersigned, the holder of the attached Warrant, hereby irrevocably
elects to exercise the purchase right represented by this Warrant
Certificate for, and to purchase securities of WEED, Inc. and
herewith makes payment of $__________ therefor, and requests that
the certificates for such securities be issued in the name of, and
delivered to ___________________, whose address is
______________________________.

 

 

 

 

Dated:                       

____________________,
20___

                                                         

 

	
 

	
 

	
 

	
 

	
 

	
 

By:

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

Its:

	
 

	
 

	
 

	

(Signature must
conform in all respects to name of holder as specified on the face
of the Warrant Certificate)   

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	

(Insert Social
Security or Other Identifying Number
of Holder)

	
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Page 6 of
6

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