Document:

Exhibit 4

EXHIBIT

4.1

(Share Certificate)

 

 

 

EPICEDGE, INC.

 

No shareholder has any

preemptive right to acquire any unissued or treasury securities of the

Corporation.  A complete statement of

the denial of preemptive rights is set forth in the Corporation's Articles of

Incorporation, as amended (the "Articles of Incorporation"), on file

in the office of the Secretary of State of the State of Texas.  The Corporation will furnish a copy of the

Articles of Incorporation to the record holder of this certificate, without

charge, on request to the Corporation at its principal place of business or

registered office.  The Articles of

Incorporation authorize the Corporation to issue shares of more than one class

of stock and the board of directors of the Corporation have been granted the

authority to fix and determine the designations, preferences, limitations and

relative rights thereof.  The

Corporation will furnish a full statement of the designations, preferences,

limitations and relative rights of the shares of each class authorized to be

issued to the record holder of this certificate, without charge, upon written

request to the Corporation at its principal place of business or registered

office.

 

The following abbreviations,

when used in the inscription on the face of this certificate, shall be

construed as though they were written out in full according to applicable laws

or regulations:

 

	

  TEN COM

  	

  —

  	

  as tenants in common

  	

   

  	

  UNIF

  GIFT MIN ACT — 

  	

   

  	

  Custodian

  	

   

  
	

  TEN ENT

  	

  —

  	

  as tenants by the

  entireties

  	

   

  	

   

  	

  (Cust)

  	

   

  	

  (Minor)

  
	

  JT TEN

  	

  —

  	

  as joint tenants with

  right of

  	

   

  	

   

  	

  Under Uniform Gifts to

  Minors

  
	

   

  	

   

  	

  survivorship and not as

  tenants in common

  	

   

  	

   

  	

     Act

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

  (State)

  
												

 

Additional

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

 

ASSIGNMENT

 

	

  For Value Received,

  	

   

  	

  hereby

  sell, assign and transfer unto

  

 

	

  PLEASE INSERT SOCIAL SECURITY OR OTHER

  INDENTIFYING NUMBER OF ASSIGNEE

  	

   

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  
	

   

  
	

  PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING

  POSTAL ZIP CODE, OF ASSIGNEE

  
	

   

  
	

   

  
	

   

  
	

   

  
	

   

  
	

   

  	

  Shares

  
	

  of the Capital Stock

  represented by the within Certificate and do hereby irrevocably constitute

  and appoint

  	

   

  
	

   

  	

  Attorney

  
	

  to transfer the said

  shares on the books of the within-named Corporation, with full power of

  substitution in the premises.

  	

   

  
	

   

  	

   

  
	

   

  
	

  Dated

  	

   

  	

   

  
	

   

  	

  X

  	

   

  
	

   

  	

  (SIGNATURE)

  
	

  NOTICE:

  THE SIGNATURE(S) TO

  THIS ASSIGNMENT MUST

  CORRESPOND WITH THE

  NAME(S) AS WRITTEN

  UPON THE FACE OF THE

  CERTIFICATE IN EVERY

  PARTICULAR WITHOUT

  ALTERATION OR EN-

  LARGEMENT OR ANY

  CHANGE WHATEVER.

  	

   

  
	

   

  	

  X

  	

   

  
	

   

  	

  (SIGNATURE)

  
	

   

  	

   

  
	

   

  	

  THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE

  GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS ASSOCIATIONS AND CREDIT

  UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE PROGRAM), PURSUANT

  TO S.E.C. RULE 17Ad-15.

  
	

   

  	

   

  
	

   

  	

  SIGNATURE(S)

  GUARANTEED BY:WARRANT CERTIFICATE

EXHIBIT 4.6

 

WARRANT CERTIFICATE

 

THIS WARRANT AND THE

SECURITIES ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE NOT BEEN REGISTERED

UNDER THE SECURITIES ACT OF 1993 OR ANY STATE SECURITIES LAWS.  THIS WARRANT IS NOT TRANSFERABLE AND SUCH

SECURITIES ISSUABLE UPON EXERCISE OF THIS WARRANT MAY NOT BE SOLD OR OTHERWISE

TRANSFERRED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS TO OR SUCH

SECURITIES UNDER SAID ACT AND ANY APPLICABLE STATE SECURITIES LAWS OR AN

OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY THAT SUCH

REGISTRATION IS NOT REQUIRED.

 

EXERCISABLE

ONLY ON OR BEFORE FEBRUARY 18, 2005

 

WARRANT

TO PURCHASE 22,000 SHARES OF COMMON STOCK

OF

DESIGN

AUTOMATION SYSTEMS, INC.

 

This Warrant Certificate

certifies that for value received, Aspen Finance Group (the "Holder")

is the holder of one Warrant (the "Warrant"), entitling the Holder to

purchase from Design Automation Systems, Inc., a Texas corporation d/b/a

EpicEdge (the "Company"), subject to the terms set forth below,

twenty-two thousand (22,000) shares (each, a "Warrant Share" and

collectively, the "Warrant Shares") of the Company's Common Stock,

($.001) par value (the "Common Stock"), at any time on or after the

date hereof and on or before 5:00 p.m., Eastern Standard time, on February 18,

2005 (the "Expiration Date"), at the exercise price per whole Warrant

Share (the "Exercise Price") of $15.00 subject to certain adjustments

as to the number of Warrant Shares and the number and kind of other securities

purchasable upon exercise of each Warrant represented hereby, and as to the

Exercise Price, all as set forth below.

 

1.             Exercise. 

Subject to the provisions of this Warrant Certificate, the Warrant

represented hereby may be exercised by Holder from time to time upon surrender

of this certificate to the Company (such surrender being deemed to have

occurred at such time as this certificate is actually received by the Company

at the address specified below), with the form of election to purchase attached

hereto properly completed and executed, and upon payment in full to the Company

of the Exercise Price for the Warrant Shares so purchased.  The rights of purchase represented by the

Warrant Shares evidenced hereby are exercisable at the election of Holder

during the period specified herein in whole or, from time to time, in part and,

in the event that less than all of the Warrant Shares represented by this

certificate are exercised, the Company shall execute and deliver to Holder

within ten (10) days a new certificate representing the number of Warrant

Shares represented hereby which remain unexercised.  Payment of the 

 

 

Exercise Price shall be made by check or

other comparable means selected by Holder in lawful money of the United States

of America or upon withholding of such number of Warrant Shares having a fair

market value equal to the Exercise Price. 

Upon such surrender of this Warrant Certificate and payment of the

Exercise Price as aforesaid, the Company shall issue and cause to be delivered

with all reasonable dispatch to Holder a certificate for the Warrant Shares so

purchased upon such exercise of all or a portion of the Warrant Shares

represented hereby.  Such certificate

shall be deemed to have been issued and the Holder shall become the holder of

record of such Warrant Shares as of the date of the surrender of the Warrant

and payment of the Exercise Price as aforesaid.  In satisfaction of its obligation to sell and deliver the Warrant

Shares upon exercise of these Warrants, the Company shall deliver authorized

and newly issued shares of Common Stock, or shares of Common Stock held in the

treasury of the Company.

 

2.             Adjustment of Exercise Price.

 

2.1           Stock Split or Combination.  The Exercise Price shall be adjusted from

time to time in the case of any stock split, dividend payable in Common Stock,

subdivision of the number of shares of the Common Stock or similar event

involving Common Stock (a "Split") or any reverse stock split,

combination or similar event involving the Common Stock (a

"Combination"), and, accordingly, the Exercise Price shall be

proportionately decreased in the case of a Split or increased in the case of a

Combination, as of the close of business on the date the Split or Combination

becomes effective, computed to the nearest cent.

 

2.2           Adjustment of Number of Shares.  Upon each adjustment of the Exercise Price

as provided in Paragraph 2.1, the Holder shall thereafter be entitled to

purchase, at the Exercise Price resulting from such adjustment, the number of

Warrant Shares (calculated to the nearest Warrant Share as provided in

Paragraph 3) obtained by multiplying the Exercise Price in effect immediately

prior to such adjustment by the number of Warrant Shares purchasable pursuant

hereto immediately prior to such adjustment and dividing the product thereof by

the Exercise Price resulting from such adjustment.

 

3.             Fractional Interests.  The Company shall not be required to issue fractions of Warrant

Shares on the exercise of this Warrant. 

If any fractions of a Warrant Share would, except for the provision of

this paragraph, be issued upon the exercise of this Warrant, the Company

will:  (i) if the fraction of a Warrant

Share otherwise issuable is equal to or less than one-half, round down and

issue to the Holder only the largest whole number of Warrant Shares to which

the Holder is otherwise entitled; or (ii) if the fraction of a Warrant Share

otherwise issuable is greater than one-half, round up and issue to the Holder

an additional Warrant Share in addition to the largest whole number of Warrant

Shares to which the Holder is otherwise entitled.

 

4.             General Restrictions.  Certificates delivered upon the exercise of this Warrant may bear

a legend restricting transfer if appropriate under applicable law or

regulation.

 

5.             Reservation of Shares.  The Company at all times until the Expiration Date will reserve

and keep available a sufficient number of shares of Common Stock out of its

authorized and unissued shares of Common Stock or out of Common Stock held in

its treasury or a

 

2

 

combination thereof, to provide for the

exercise of the rights of purchase represented by this Warrant.

 

6.             No Rights as Shareholder.  The Holder of this Warrant shall not, by

reason of the ownership or possession of this Warrant Certificate, have any

right whatsoever as a shareholder of the Company or any rights whatsoever

except as expressly provided herein.

 

7.             Governing Law. 

This Warrant shall be governed by and construed in all respects by the

laws of the State of Texas.

 

8.             Amendment. 

Neither this Warrant nor any term hereof may be amended, waived,

discharged or terminated orally, except by a written instrument signed by the

party against which enforcement of the amendment, waiver, discharge or

termination is sought.

 

9.             Notices. 

All notices and other communications herein provided for shall be deemed

to have been given or made to the Company when delivered to the addresses

specified below.

 

Design

Automation Systems, Inc.

3200

Wilcrest, Suite 370

Houston,

Texas 77042

Attention:

Charles H. Leaver, Jr., President

 

IN WITNESS WHEREOF, Design

Automation Systems, Inc. has caused this certificate to be executed by the

manual signature of its President.

 

	

   

  	

  Design Automation Systems,

  Inc.

  
	

   

  	

   

  
	

  Dated: February 18, 2000

  	

  By:

  	

  /s/ [ILLEGIBLE]

  
	

   

  	

  President

  

 

3

 

[FORM

OF ELECTION TO PURCHASE]

 

(To

be executed upon exercise of Warrant)

 

The undersigned hereby

irrevocably elects to exercise the right, represented by the Warrant evidenced

by the within Certificate, to purchase Warrant Shares and herewith tenders

payment for such Warrant Shares to the order of Design Automation Systems, Inc.

in the amount of $             (in cash

or through the withholding of Warrant Shares having a fair market value equal

to the Exercise Price) in accordance with the terms thereof.

 

	

  Signature:

  	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  (Signature must conform in

  all respects to name of Holder as specified on the face of the Warrant

  Certificate.)

  
	

   

  	

   

  
	

  Date:

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