Document:

Form of Warrant to Purchase Class A Common Stock of Qorvis Media Group, Inc.

 EXHIBIT 4.3 
  

CLASS A COMMON STOCK PURCHASE WARRANT 
  
 THIS WARRANT AND THE SHARES OF CLASS A COMMON STOCK WHICH MAY BE PURCHASED PURSUANT TO THE EXERCISE OF THIS WARRANT HAVE BEEN ACQUIRED SOLELY FOR INVESTMENT AND HAVE
NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR ANY STATE SECURITIES LAWS. SUCH SECURITIES MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF SUCH REGISTRATION OR AN OPINION OF
COUNSEL SATISFACTORY TO THE COMPANY AND ITS COUNSEL THAT SUCH SALE, OFFER, PLEDGE OR HYPOTHECATION IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS OF THE ACT AND OF ANY APPLICABLE STATE SECURITIES LAWS UNLESS SOLD PURSUANT TO
RULE 144 OF THE ACT. 
  
 Void After [DATE] 
  
 QORVIS MEDIA GROUP, INC. 
  
 WARRANT TO PURCHASE SHARES OF CLASS A COMMON STOCK 
  
 For value received, [NAME] (the “Holder”) is entitled to
subscribe for and purchase up to [AMOUNT] shares (as adjusted pursuant to Section 3 hereof) of the Class A Common Stock (the “Common Stock”), $0.01 par value (the “Shares”), of Qorvis Media Group, Inc., a Delaware
corporation (the “Company”), at the price of $1.00 per share (the “Exercise Price”) (as adjusted pursuant to Section 3 hereof), subject to the provisions and upon the terms and conditions hereinafter set forth.

  
 1. Exercise and Payment. 
  
 1.1 Exercise. The purchase rights represented by this
Warrant may be exercised by the Holder, in whole or in part, by the surrender of a duly executed exercise notice in the form attached hereto as Exhibit A at the principal office of the Company, and by the payment to the Company, by check or
wire transfer, of an amount equal to the aggregate Exercise Price of the shares being purchased. 
  
 1.2 Stock Certificate. In the event of the exercise of this Warrant, a certificate for the shares of Common Stock so purchased
shall be delivered to the Holder within a reasonable time, which shall in no event be later than thirty (30) days thereafter. 
  
 2. Stock Fully Paid; Reservation of Shares. All of the Shares issuable upon the exercise of this Warrant will, upon issuance and receipt of the
Exercise Price therefor, be fully paid and nonassessable. During the period within which this Warrant may be exercised, the Company shall at all times have authorized and reserved for issuance sufficient shares of its Common Stock to provide for the
exercise of this Warrant. 

 3. Adjustment of Exercise Price and Number of Shares. Subject to Section 9 hereof, the number and
kind of securities purchasable upon the exercise of this Warrant and the Exercise Price therefor shall be subject to adjustment from time to time upon the occurrence of certain events, as follows: 
  
 3.1 Reclassification, Consolidation or Merger. In
case of any reclassification or change of the Common Stock (other than a change in par value, or as a result of a subdivision or combination), or in case of any Merger Event (as defined herein), the Company or the successor corporation, as the case
may be, shall execute a new warrant, providing that the Holder shall have the right to exercise such new warrant, and procure upon such exercise and payment of the same aggregate Exercise Price, in lieu of the shares of Common Stock theretofore
issuable upon exercise of this Warrant, the kind and amount of shares of stock, other securities, money and property receivable upon such reclassification, change, or Merger Event by a holder of an equivalent number of shares of Common Stock. Such
new warrant shall provide for adjustments which shall be as nearly equivalent as may be practicable to the adjustments provided for in this Section 3. 
  
 3.2 Stock Splits, Dividends and Combinations. In the event that the Company shall at any time subdivide the outstanding shares of
Common Stock, or shall issue a stock dividend on its outstanding shares of Common Stock, the number of Shares issuable upon exercise of this Warrant immediately prior to such subdivision or to the issuance of such stock dividend shall be
proportionately increased and the Exercise Price shall be proportionately decreased so that the Holder of the Warrant after such time shall be entitled to receive the number of shares of Common Stock which such Holder would have owned or been
entitled to receive had such Warrant been exercised immediately prior to such event, and in the event that the Company shall at any time combine the outstanding shares of Common Stock, the number of Shares issuable upon exercise of this Warrant
immediately prior to such combination shall be proportionately decreased, and the Exercise Price shall be proportionately increased so that the Holder of the Warrant after such time shall be entitled to receive the number of shares of Common Stock
which such Holder would have owned or been entitled to receive had such Warrant been exercised prior to such event, in either case effective at the close of business on the date of such subdivision, stock dividend or combination, as the case may be.

  
 4. Notice of Adjustments. In the event that: (i) the
Company shall declare any dividend or distribution upon its Common Stock, whether in cash, property, stock or other securities; (ii) the Company shall offer for subscription pro rata to the holders of its Common Stock any additional shares of stock
of any class or other rights; (iii) there shall be any merger or consolidation of the Company with or into a third party pursuant to which the Company’s stockholders prior to the transaction own less than fifty percent (50%) of the surviving
entity or the sale of all or substantially all of the assets of the Company (a “Merger Event”); or (iv) there shall be any voluntary or involuntary dissolution, liquidation or winding up of the Company; then, in connection with each
such event, the Company shall send to the Holder: 
  
 (a) At least ten (10) days prior written notice of the date on which the books of the Company shall close or a record shall be taken for such dividend, distribution, subscription rights (specifying the date on which the holders of Common
Stock shall be entitled thereto) or for determining rights to vote in respect of such Merger Event, dissolution, liquidation or winding up; and 
  

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 (b) In the case of any such Merger Event, dissolution, liquidation or winding up, at
least ten (10) days prior written notice of the date when the same shall take place (and specifying the date on which the holders of Common Stock shall be entitled to exchange their Common Stock for securities or other property deliverable upon such
Merger Event, dissolution, liquidation or winding up). 
  
 Each
such written notice shall set forth, in reasonable detail, (i) the event requiring the adjustment, (ii) the amount of the adjustment, (iii) the method by which such adjustment was calculated, (iv) the Exercise Price, and (v) the number of shares
subject to purchase hereunder after giving effect to such adjustment, and shall be given by first class mail, postage prepaid, addressed to the Holder, at the address as shown on the books of the Company. 
  
 5. Fractional Shares. No fractional shares of Common Stock will be
issued in connection with any exercise hereunder. In lieu of such fractional shares the Company shall make a cash payment therefor based upon the Exercise Price then in effect. 
  
 6. Representations and Warranties of the Holder. The Holder hereby represents and warrants to the Company, with
respect to its acquisition of the Warrant, as follows: 
  
 6.1 Experience. The Holder has sufficient knowledge and experience in financial and business matters so that he is capable of evaluating the merits and risks of his investment in the Company and has the capacity to protect his own
interests. 
  
 6.2 Investment. The Holder
is acquiring the Warrant and the Shares for investment for its own account, not as a nominee or agent, and not with the view to, or for resale in connection with, any distribution thereof. The Holder understands that the Warrant and the Shares have
not been, and will not be, registered under the Act by reason of a specific exemption from the registration provisions of the Act, the availability of which depends upon, among other things, the bona fide nature of the investment intent and the
accuracy of such Holder’s representations as expressed herein. 
  
 6.3 Rule 144. The Holder acknowledges that the. Warrant and the Shares must be held indefinitely unless subsequently registered under the Act or unless an exemption from such registration is available. The
Holder is aware of the provisions of Rule 144 promulgated under the Act which permit limited resale of shares purchased in a private placement subject to the satisfaction of certain conditions, including, among other things, the existence of a
public market for the shares, the availability of certain current public information about the Company, the resale occurring not less than one (1) year after a party has purchased and paid for the security to be sold, the sale being effected through
a “broker’s transaction” or in transactions directly with a “market maker” and the number of shares being sold during any three-month period not exceeding specified limitations. 
  
 6.4 No Public Market. The Holder understands that no
public market now exists for any of the securities issued by the Company and that the Company has made no assurances that a public market will ever exist for the Company’s securities. 
  
 6.5 No Solicitation. The Holder knows of no public
solicitation or advertisement of an offer in connection with the proposed issuance and sale of the Warrant or the Shares. 
  

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 6.6 Residence. The residence of the Holder for securities law purposes is set
forth herein on page 6. 
  
 7. Restrictions on Transfer.

  
 7.1 Restrictive Legend. Each
certificate representing (i) the Shares and (ii) any other securities issued in respect of the Shares upon any stock split, stock dividend, recapitalization, merger, consolidation or similar event, (collectively, the “Restricted
Securities”) shall (unless otherwise permitted by the provisions of Section 7.2 below) be stamped or otherwise imprinted with a legend in substantially the following form (in addition to any legend required under applicable state securities
laws): 
  
 THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE BEEN
ACQUIRED FOR INVESTMENT AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933. THESE SHARES MAY NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN EXEMPTION THEREFROM UNDER SAID ACT. 
  
 7.2 Notice of Proposed Transfers. The holder of each
certificate representing Restricted Securities by acceptance thereof agrees to comply in all respects with the provisions of this Section 7. Prior to any proposed transfer of any Restricted Securities, unless there is in effect a registration
statement under the Act covering the proposed transfer, the holder thereof shall give written notice to the Company of such Holder’s intention to effect such transfer. Each such notice shall describe the manner and circumstances of the proposed
transfer in sufficient detail, and shall, if the Company so requests, be accompanied by either (i) an unqualified written opinion of legal counsel who shall be reasonably satisfactory to the Company, addressed to the Company and reasonably
satisfactory in form and substance to the Company’s counsel, to the effect that the proposed transfer of the Restricted Securities may be effected without registration under the Act, or (ii) a “No Action” letter from the
Securities and Exchange Commission (the “Commission”) to the effect that the transfer of such securities without registration will not result in a recommendation by the staff of the Commission that action be taken with respect
thereto, whereupon the holder of such Restricted Securities shall be entitled to transfer such Restricted Securities in accordance with the terms of the notice delivered by the holder to the Company; provided, however, that no opinion or No Action
letter need be obtained with respect to a transfer to (A) the immediate family of Holder upon the Holder’s death, by will or intestacy, or to a trust for the benefit of the Holder’s immediate family, (B) a partner, active or retired, of a
holder of Restricted Securities, (C) the estate of any such partner, or (D) an “affiliate” of a holder of Restricted Securities as that term is defined in Rule 405 promulgated by the Commission under the Act, provided that in such
cases the transferee agrees in writing to be subject to the terms hereof. Each certificate evidencing the Restricted Securities transferred as above provided shall bear the appropriate restrictive legend set forth in Section 7.1 above, except that
such certificate shall not bear such restrictive legend if in the opinion of counsel for the Company such legend is not required in order to establish compliance with any provisions of the Act. 
  
 8. Rights of Stockholders. No holder of this Warrant shall be
entitled, as a Warrant holder, to vote or receive dividends or be deemed the holder of Common Stock or any other securities of the Company which may at any time be issuable on the exercise hereof for any purpose, nor shall anything 
  

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 contained herein be construed to confer upon the Holder, as such, any of the rights of a stockholder of the Company or
any right to vote for the election of directors or upon any matter submitted to stockholders at any meeting thereof, or to give or withhold consent to any corporate action (whether upon any recapitalization, issuance of stock, reclassification of
stock, change of par value, consolidation, merger, conveyance, or otherwise) or to receive notice of meetings, or to receive dividends or subscription rights or otherwise until the Warrant shall have been exercised and the Shares purchasable upon
the exercise hereof shall have become deliverable, as provided herein. 
  
 9. Expiration of Warrant. Notwithstanding any other provision of this Warrant, this Warrant shall expire and shall no longer be exercisable at [TIME], California time, on [DATE]. 
  
 10. Miscellaneous. 
  
 10.1 Governing Law. This Agreement shall be governed
in all respects by the laws of the State of Delaware. 
  
 10.2 Successors and Assigns. Except as otherwise provided herein, the provisions hereof shall inure to the benefit of, and be binding upon, the successors, assigns, heirs, executors, and administrators of the Company and the Holder.

  
 10.3 Entire Agreement, Amendment. This
Warrant constitutes the full and entire understanding and agreement between the parties with regard to the subjects hereof. Neither this Warrant nor any term hereof may be amended, waived, discharged, or terminated other than by a written instrument
signed by the party against whom enforcement of any such amendment, waiver, discharge or termination is sought. 
  
 10.4 Notices, etc.. All notices and other communications required or permitted hereunder shall be in writing and shall be
deemed effectively given upon delivery to the party to be notified in person or by courier service or by registered or certified mail, postage prepaid, addressed (a) to the Holder, at the address set forth on the last page of this Warrant or at such
other address as such Holder shall have furnished the Company in writing, or (b) if to the Company, at the address set forth on the last page of this Warrant and addressed to the attention of the Chief Executive Officer, or at such other address as
the Company shall have furnished to the Holder. 
  

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 Issued this [DATE]. 
  

			
	 QORVIS MEDIA GROUP, INC.

	
	 201 Third Street, 7th Floor
 San Francisco California 94103

		
	 By:
	 	 
	 	 	

		
	 Title:
	 	 Vice President

		
	 [NAME]
	 	 
		
	 Address:
	 	 
	
	                                      
                                        
                         
	 [NAME]
	 	 

  
  
  
  
  
  
  
  

 6 

 EXHIBIT A 
  

NOTICE OF EXERCISE 
  

	TO:	QORVIS MEDIA GROUP, INC. 201 

 Third Street, 7th Floor

 San Francisco, California 94103 
 Attention: Jeffrey M. Cohen 
  
 1. The undersigned hereby
elects to purchase          shares of Class A Common Stock (the “Common Stock”) of QORVIS MEDIA GROUP, INC. pursuant to the terms of the attached Warrant. 
  
 2. The undersigned elects to exercise the attached Warrant and tenders
herewith payment in full for the purchase price of the shares being purchased, together with all applicable transfer taxes, if any. 
  
 3. Please issue a certificate or certificates representing said shares of Common Stock in the name of the undersigned or in such other name as is
specified below: 
  
                                       
                                        
         
 (Name) 
  
                                       
                                        
         
  
                                       
                                        
         
 (Address) 
  
 4. The undersigned hereby represents and warrants that the aforesaid shares of Common Stock are being acquired for the
account of the undersigned for investment and not with a view to, or for resale, in connection with the distribution thereof, and that the undersigned has no present intention of distributing or reselling such shares. In support thereof, the
undersigned has executed and delivered herewith an Investment Representation Statement in substantially the form attached to the Warrant as Exhibit B. 
  

			
		
	  	 	  
	

	 (Signature)

		
	 Title:
	 	 
	 	 	

  

			
	
	                                      
                                        
                         
	(Date)

  

 7 

 EXHIBIT B 
  

INVESTMENT REPRESENTATION STATEMENT 
  

					
			
	PURCHASER	 	:	  	[NAME]
			
	COMPANY	 	:	  	QORVIS MEDIA GROUP, INC.
			
	SECURITY	 	:	  	CLASS A COMMON STOCK ISSUED UPON EXERCISE OF THE COMMON STOCK PURCHASE WARRANT ISSUED ON [DATE]
			
	AMOUNT	 	:	  	             SHARES
			
	DATE	 	:	  	                                    ,
                

  
 In connection with the
acquisition of the above-listed Securities, I, the Purchaser, represent to the Company the following: 
  
 (a) I am aware of the Company’s business affairs and financial condition, and have acquired sufficient information about the Company to reach an
informed and knowledgeable decision to acquire the Securities. I am acquiring these Securities for my own account for investment purposes only and not with a view to, or for the resale in connection with, any “distribution” thereof
for purposes of the Securities Act of 1933, as amended (the “Securities Act”). 
  
 (b) I understand that the Securities have not been registered under the Securities Act in reliance upon a specific exemption therefrom, which exemption
depends upon, among other things, the bona fide nature of my investment intent as expressed herein. In this connection, I understand that, in the view of the Securities and Exchange Commission (the “SEC”), the statutory basis for
such exemption may be unavailable if my representation was predicated solely upon a present intention to hold these Securities for the minimum capital gains period specified under tax statutes, for a deferred sale, for or until an increase or
decrease in the market price of the Securities, or for a period of one year or any other fixed period in the future. 
  
 (c) I further understand that the Securities must be held indefinitely unless subsequently registered under the Securities Act or unless an exemption from
registration is otherwise available. Moreover, I understand that the Company is under no obligation to register the Securities. In addition, I understand that the certificate evidencing the Securities will be imprinted with a legend which prohibits
the transfer of the Securities unless they are registered or such registration is not required in the opinion of counsel for the Company. 
  
 (d) I am familiar with the provisions of Rule 144, promulgated under the Securities Act, which, in substance, permit limited public resale of
“restricted securities” acquired, directly or indirectly, from the issuer thereof, in a nonpublic offering subject to the satisfaction of certain conditions. 
  

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 The Securities may be resold in certain limited circumstances subject to the provisions of Rule 144,
which requires among other things: (1) the availability of certain public information about the Company, (2) the resale occurring not less than one year after the party has purchased, and made full payment for, within the meaning of Rule 144, the
securities to be sold; and, in the case of an affiliate, or of a nonaffiliate who has held the securities less than two years, (2) the sale being made through a broker in an unsolicited “broker’s transaction” or in transactions
directly with a market maker (as said term is defined under the Securities Exchange Act of 1934) and the amount of securities being sold during any three month period not exceeding the specified limitations stated therein, if applicable. 

 
 (e) I agree, in connection with the Company’s initial underwritten
public offering of the Company’s securities, (1) not to sell, make short sale of, loan, grant any options for the purchase of, or otherwise dispose of any shares of Common Stock of the Company held by me (other than those shares included in the
registration) without the prior written consent of the Company and the underwriters managing such initial underwritten public offering of the Company’s securities for one hundred eighty (180) days from the effective date of such registration,
and (2)1 further agree to execute any agreement reflecting the above as may be requested by the underwriters at the time of the public offering. 
  
 (f) I further understand that in the event all of the applicable requirements of Rule 144 are not satisfied, registration under the Securities Act,
compliance with Regulation A, or some other registration exemption will be required; and that, notwithstanding the fact that Rule 144 and Regulation A are not exclusive, the Staff of the SEC has expressed its opinion that persons proposing to sell
private placement securities other than in a registered offering and otherwise than pursuant to Rule 144 will have a substantial burden of proof in establishing that an exemption from registration is available for such offers or sales, and that such
persons and their respective brokers who participate in such transactions do so at their own risk. 
  
 Date:
                                ,
            , 
  

	
	
	 
	

	(Signature)

  

 9Form of Warrant to Purchase Class A Common Stock of PRN Corporation

 EXHIBIT 4.4 
  
 THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, NOR UNDER ANY STATE SECURITIES LAW AND MAY NOT BE
PLEDGED, SOLD, ASSIGNED OR TRANSFERRED UNLESS (i) A REGISTRATION STATEMENT WITH RESPECT THERETO IS EFFECTIVE UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND ANY APPLICABLE STATE SECURITIES LAW REQUIREMENTS HAVE BEEN MET OR (ii) EXEMPTIONS FROM THE
REGISTRATION REQUIREMENTS UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND THE REGISTRATION OR QUALIFICATION REQUIREMENTS OF APPLICABLE STATE SECURITIES LAW ARE AVAILABLE. 
  
 Void after January 14, 2012 
  
 PRN CORPORATION 
 WARRANT TO PURCHASE
CLASS A COMMON STOCK 
  
 This warrant
(“Warrant”) certifies that, for value received, <<Name>> or its registered assigns (the “Holder”) has the right to purchase, in connection with a Qualified Public Offering (hereinafter defined) on or before the
Expiration Date (hereinafter defined), an aggregate of <<Alpha_Shares>> (<<Shares>>) (the “Shares”) of Class A Common Stock (the “Common Stock”) of PRN Corporation, a Delaware corporation
(the “Company”), at an exercise price per Share determined as hereafter provided (the “Per Share Exercise Price”), subject to the provisions and upon the terms and conditions hereinafter set forth. 
  
 1. Exercise and Payment. 
  
 1.1 Exercise. The purchase rights represented by this Warrant shall
become exercisable in accordance with Section 1.2 hereof only in the event of a consummation of a Qualified Public Offering (as defined in the Company’s Amended and Restated Certificate of Incorporation with respect to the Series E
Preferred Stock), in which event subject to and effective immediately prior to the consummation of such Qualified Public Offering this Warrant may be exercised by the surrender of a duly executed exercise notice in the form attached hereto as
Exhibit A (the “Notice of Exercise”) at the principal office of the Company; provided, that if such Notice of Exercise is not received upon the consummation of a Qualified Public Offering, this Warrant shall be deemed
exercised pursuant to section 1.2 hereof irrespective of Holder’s failure to deliver such Notice of Exercise. 
  
 1.2 Net Exercise. This Warrant shall be exercised on a net exercise basis pursuant to this Section 1.2. Upon exercise, the Holder will receive,
without the payment by the Holder of any additional consideration, a number of Shares (rounded down to the nearest whole share) equal to the value of this Warrant by the surrender of this Warrant to the Company (the “Net Exercise”).
Thereupon the Company will issue to the Holder such number of Shares as is computed using the following formula: 
  

			
	 X =
	  	Y (A-B)
	 	  	    A

  

			
		
	 where X =
	  	the number of Shares to be issued to the Holder upon the Net Exercise pursuant to this Section;
		
	 Y =
	  	the number of Shares under this Warrant;
		
	 A =
	  	the Market Price (as defined below) of one of the Company’s Shares; and
		
	 B =
	  	the Per Share Exercise Price in effect under this Warrant.

 For purposes of this Section 1.2, “Market Price” means, as to a Share, the per share
offering price to the public in a Qualified Public Offering (as defined in the Company’s Amended and Restated Certificate of Incorporation with respect to the Series E Preferred Stock). 
  
 1.3 Stock Certificate. In the event of the exercise of this Warrant,
the Company shall deliver to the Holder promptly following such exercise a certificate for the Shares so purchased. 
  
 1.4 Restated Investor Rights Agreement. The Common Stock issuable upon exercise of this Warrant is entitled to the registration rights and subject
to the restrictions on transfer set forth in that certain Restated Investor Rights Agreement, dated as of August 14, 2001, as amended, between the Company and the original Holder of this Warrant (the “Investor Rights Agreement”).

  
 2. Per Share Exercise Price. 
  
 2.1 Initial Per Share Exercise Price. The Per Share Exercise Price
shall initially be $0.01 per Share and shall be subject to adjustment as specified in Section 3. 
  
 3. Adjustment of Exercise Price and Number of Shares. The number and kind of securities purchasable upon the exercise of this Warrant and the Per
Share Exercise Price therefor shall be subject to adjustment from time to time upon the occurrence of certain events, as follows: 
  
 3.1 Reclassification, Consolidation or Merger. In case of any reclassification or change of the Common Stock (other than a change in par value, or
as a result of an event referred to in Section 3.2), or in case of any Merger Event (as defined herein), the Company or the successor corporation, as the case may be, shall execute a new warrant, providing that the Holder shall have the right to
exercise such new warrant, and procure upon such exercise and payment of the same aggregate Per Share Exercise Price, in lieu of the shares of Common Stock theretofore issuable upon exercise of this Warrant, the kind and amount of shares of stock,
other securities, money and property which such Holder would have owned or been entitled to receive had such Warrant been exercised in full immediately prior to such reclassification, change, or Merger Event. Such new warrant shall provide for
adjustments which shall be as nearly equivalent as may be practicable to the adjustments provided for in this Section 3. 
  
 3.2 Stock Splits, Dividends and Combinations. In the event that the Company shall at any time, subdivide the outstanding shares of Common Stock, or
shall issue a stock dividend on its outstanding shares of Common Stock, the number of Shares issuable upon exercise of this Warrant immediately prior to such subdivision or to the issuance of such stock dividend shall be proportionately increased
and the Per Share Exercise Price shall be proportionately decreased so that the Holder of the Warrant after such time shall be entitled to receive the number of shares of Common Stock which such Holder would have owned or been entitled to receive
had such Warrant been exercised immediately prior to such event, and in the event that the Company shall at any time combine the outstanding shares of Common Stock, the number of Shares issuable upon exercise of this Warrant immediately prior to
such combination shall be proportionately decreased, and the Per Share Exercise Price shall be proportionately increased so that the Holder of the Warrant after such time shall be entitled to receive the number of shares of Common Stock which such
Holder would have owned or been entitled to receive had such Warrant been exercised prior to such event, in either case effective at the close of business on the date of such subdivision, stock dividend or combination, as the case may be.

  
 4. Stock Fully Paid; Reservation of Shares. All of the
Shares issuable upon the exercise of this Warrant will, upon issuance and receipt of the Exercise Price therefor, be fully paid and nonassessable. During the period within which this Warrant may be exercised, the Company shall at all times have
authorized and reserved for issuance sufficient shares of its Common Stock to provide for the exercise of this Warrant. 
  

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 5. Notice of Adjustments. In the event that: (i) the Company shall declare any dividend or
distribution upon shares of its capital stock, whether in cash, property, stock or other securities; (ii) the Company shall offer for subscription pro rata to the holders of its Common Stock any additional shares of stock of any class or other
rights; (iii) there shall be any merger or consolidation of the Company with or into a third party pursuant to which the Company’s stockholders prior to the transaction own less than fifty percent (50%) of the surviving entity or the sale of
all or substantially all of the assets of the Company (a “Merger Event”); or (iv) there shall be any voluntary or involuntary dissolution, liquidation or winding up of the Company; then, in connection with each such event, the
Company shall send to the Holder: 
  
 (a) At least fifteen (15)
days prior written notice of the date on which the books of the Company shall close or a record shall be taken for such dividend, distribution, subscription rights (specifying the date on which the Holders of capital stock shall be entitled thereto)
or for determining rights to vote in respect of such Merger Event, dissolution, liquidation or winding up; and 
  
 (b) In the case of any such Merger Event, dissolution, liquidation or winding up, at least fifteen (15) days prior written notice of the date when the
same shall take place (and specifying the date on which the Holders of capital stock shall be entitled to exchange their capital stock for securities or other property deliverable upon such Merger Event, dissolution, liquidation or winding up).

  
 Each such written notice shall set forth, in reasonable
detail, (i) the event requiring the adjustment, (ii) the amount of the adjustment, (iii) the method by which such adjustment was calculated, (iv) the Per Share Exercise Price, and (v) the number of shares subject to purchase hereunder after giving
effect to such adjustment, and shall be given by first class mail, postage prepaid, addressed to the Holder, at the address as shown on the books of the Company. 
  
 6. Fractional Shares. No fractional shares of Common Stock will be issued in connection with any exercise hereunder.
In lieu of such fractional shares the Company shall make a cash payment therefor based upon the fair market value per share on the date of exercise, as determined by the Board of Directors of the Company in good faith. 
  
 7. Representations and Warranties of the Holder. The Holder hereby
represents and warrants to the Company, with respect to its acquisition of the Warrant, as follows: 
  
 7.1 Experience. The Holder has sufficient knowledge and experience in financial and business matters such that the Holder is capable of evaluating
the merits and risks of its investment in the Company and has the capacity to protect its own interests. 
  
 7.2 Investment. The Holder is acquiring the Warrant and the Shares for investment for its own account, not as a nominee or agent, and not with the
view to, or for resale in connection with, any distribution thereof. The Holder understands that the Warrant and the Shares have not been, and will not be, registered under the Securities Act of 1933, as amended (the “Act”) by
reason of a specific exemption from the registration provisions of the Act, the availability of which depends upon, among other things, the bona fide nature of the investment intent and the accuracy of such Holder’s representations as expressed
herein. 
  
 7.3 Rule 144. The Holder acknowledges that the
Warrant and the Shares must be held indefinitely unless subsequently registered under the Act or unless an exemption from such registration is available. The Holder is aware of the provisions of Rule 144 promulgated under the Act which permit
limited resale of shares purchased in a private placement subject to the satisfaction of certain conditions, including, among other things, the existence of a public market for the shares, the availability of certain current public information about
the Company, the resale occurring not less than one (1) year after a party has purchased and paid for the security to be sold, the sale being effected through a “broker’s transaction” or in transactions directly with a “market
maker” and the number of shares being sold during any three-month period not exceeding specified limitations. 
  

 3 

 7.4 No Public Market. The Holder understands that no public market now exists for any of the
securities issued by the Company and that the Company has made no assurances that a public market will ever exist for the Company’s securities. 
  
 7.5 No Solicitation. The Holder knows of no public solicitation or advertisement of an offer in connection with the proposed issuance and sale of
the Warrant or the Shares. 
  
 8. Restrictions on Transfer.

  
 8.1 Restrictive Legend. Each certificate representing
(i) the Common Stock, and (ii) any other securities issued in respect of such Common Stock upon any stock split, stock dividend, recapitalization, merger, consolidation or similar event, (collectively, the “Restricted Securities”)
shall (unless otherwise permitted by the provisions of Section 8.2 below) be stamped or otherwise imprinted with a legend in substantially the following form (in addition to any legend required under applicable state securities laws): 
  
 THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE BEEN ACQUIRED FOR INVESTMENT
AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933. THESE SHARES MAY NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN EXEMPTION THEREFROM UNDER SAID ACT. 
  
 8.2 Notice of Proposed Transfers. The Holder of each certificate representing Restricted Securities by acceptance
thereof agrees to comply in all respects with the provisions of this Section 8. Prior to any proposed transfer of any Restricted Securities, unless there is in effect a registration statement under the Act covering the proposed transfer, the Holder
thereof shall give written notice to the Company of such holder’s intention to effect such transfer. Each such notice shall describe the manner and circumstances of the proposed transfer in sufficient detail, and shall, if the Company
reasonably requests, be accompanied by a written opinion of legal counsel who shall be reasonably satisfactory to the Company, addressed to the Company and reasonably satisfactory in form and substance to the Company’s counsel, to the effect
that the proposed transfer of the Restricted Securities may be effected without registration under the Act; provided, however, that no opinion need be obtained with respect to a transfer (i) by a Holder that is an entity to any affiliated
partnerships, limited liability companies and other entities, as well as the current or former constituent partners or members of affiliated entities, or to the estate of any such current or former partner or member, (ii) by gift, will or intestate
succession by any such current or former partner or member or affiliate, or by any other individual, or (iii) by any such current or former partner or member or affiliate, or any other individual, to his or her spouse, ancestors, lineal descendants
and siblings as well as trusts for the benefit of the individual and such other foregoing persons, provided that in any such case the transferee agrees in writing to be subject to the terms hereof. Each certificate evidencing the Restricted
Securities transferred as above provided shall bear the appropriate restrictive legend set forth in Section 8.1 above, except that such certificate shall not bear such restrictive legend if in the opinion of counsel for the Company such legend is
not required in order to establish compliance with any provisions of the Act. 
  
 9. Rights of Holders. No Holder of this Warrant shall be entitled by virtue of this Warrant to vote or receive dividends or be deemed the Holder of Common Stock or any other securities of the Company which may
at any time be issuable on the exercise hereof for any purpose, nor shall anything contained herein be construed to confer upon the Holder, as such, any of the rights of a stockholder of the Company or any right to vote for the election of directors
or upon any matter submitted to stockholders at any meeting thereof, or to give or withhold consent to any corporate action (whether upon any recapitalization, issuance of stock, reclassification of stock, change of par value, consolidation, merger,
conveyance, or otherwise) or to receive notice of meetings, or to receive dividends or subscription rights or otherwise until the Warrant shall have been exercised and the Shares purchasable upon the exercise hereof shall have become deliverable, as
provided herein; provided, however, that this Warrant shall not limit any other voting rights or notice rights of the Holder of this Warrant expressly granted under the Corporation’s Certificate of Incorporation or under other instrument or
agreement pursuant to which the Holder is a party or has been duly assigned such rights. 
  

 4 

 10. Expiration of Warrant. Notwithstanding any other provision of this Warrant, this Warrant shall
expire and shall no longer be exercisable at 5:00 p.m., California time, on January 14, 2012 (the “Expiration Date”). 
  
 11. Miscellaneous. 
  
 11.1 Governing Law. This Agreement shall be governed as to matters of corporate law by the Delaware General Corporate Law and, as to matters other
than corporate law, by the laws of the State of California, in each case as such laws apply to contracts entered into and wholly to be performed within such State by residents thereof. 
  
 11.2 Successors and Assigns. Except as otherwise provided herein, the provisions hereof shall inure to the benefit
of, and be binding upon, the successors, assigns, heirs, executors, and administrators of the Company and the Holder. This Warrant and the Shares issued on exercise hereof are freely assignable by the Holder hereof. 
  
 11.3 Entire Agreement; Amendment. This Warrant, together with the
Restated Investor Rights Agreement, constitutes the full and entire understanding and agreement between the parties with regard to the subjects hereof. Neither this Warrant nor any term hereof may be amended, waived, discharged, or terminated other
than by a written instrument signed by the party against whom enforcement of any such amendment, waiver, discharge or termination is sought. 
  
 11.4 Market Standoff Agreement. The Holder hereby agrees that if so requested by the Company or any representative of the underwriters in
connection with the initial underwritten public offering of any securities of the Company under the Act, the Holder shall not sell or otherwise transfer any shares represented by this Warrant or other securities of the Company (other than to
affiliates thereof that agree to be bound by such restrictions) during the period of time (not to exceed 180 days) following the effective date of the registration statement of the Company filed under the Act that is agreed to by the Company and
such representatives of the underwriters as the lock-up period; provided, however, that the restriction in this Section 11.4 in respect of the sale or transfer by the Holder of shares represented by this Warrant or other securities of the Company
shall be conditioned on the Company exercising commercially reasonable efforts to ensure that each director and officer of the Company and each holder of one percent (1%) or more of any class of the Company’s securities is subject to
restrictions of like terms and duration. The Company may impose stop-transfer instructions with respect to securities subject to the foregoing restrictions until the end of such period of time. 
  
 11.5 Notices, etc. All notices and other communications required or
permitted hereunder shall be in writing and shall be deemed effectively given upon delivery to the party to be notified in person or by courier service or by registered or certified mail, postage prepaid, addressed (a) to the Holder, at the address
set forth on the last page of this Warrant or at such other address as such Holder shall have furnished the Company in writing, or (b) if to the Company, at the address set forth on the last page of this Warrant and addressed to the attention of the
President, or at such other address as the Company shall have furnished to the Holder. 
  

 5 

					
	 Issued this _____ day of May, 2004.                    
	 	“COMPANY”
		
	 	 	PRN Corporation
			
	 	 	By:	 	  

	 	 	 	 	Charles Nooney, Chief Executive Officer

  
 Signature Page to
Common Stock Warrant 
  

 6 

 EXHIBIT A 
  

NOTICE OF EXERCISE 
  

	 	TO:	PRN Corporation 

	 	    	600 Harrison Street, 4th Floor

	 	    	San Francisco, CA 94107 

  
 1. Net Exercise. This Warrant is hereby exercised by Net Exercise (as defined in the Warrant). 
  
 2. Please issue a certificate or certificates representing said shares of
Common Stock in the name of the undersigned or in such other name as is specified below: 
  

					
	 Name:
	 	  

	  	 
	 Address:
	 	  

	  	 
	 	 	  

	  	 

  
 3. The undersigned
hereby represents and warrants that: 
  
 (a) Experience.
The Holder has sufficient knowledge and experience in financial and business matters so that the Holder is capable of evaluating the merits and risks of his investment in the Company and has the capacity to protect his own interests. 
  
 (b) Investment. The Holder is acquiring the Shares for investment for
its own account, not as a nominee or agent, and not with the view to, or for resale in connection with, any distribution thereof in violation of the Act. The Holder understands that the Shares have not been, and will not be, registered under the
Securities Act of 1933, as amended (the “Act”) by reason of a specific exemption from the registration provisions of the Act, the availability of which depends upon, among other things, the bona fide nature of the investment intent
and the accuracy of such Holder’s representations as expressed herein. 
  
 (c) Rule 144. The Holder acknowledges that the Shares must be held indefinitely unless subsequently registered under the Act or unless an exemption from such registration is available. The Holder is aware of
the provisions of Rule 144 promulgated under the Act which permit limited resale of shares purchased in a private placement subject to the satisfaction of certain conditions, including, among other things, the existence of a public market for the
shares, the availability of certain current public information about the Company, the resale occurring not less than one (1) year after a party has purchased and paid for the security to be sold, the sale being effected through a “broker’s
transaction” or in transactions directly with a “market maker” and the number of shares being sold during any three-month period not exceeding specified limitations. 
  
 (d) No Public Market. The Holder understands that no public market now exists for any of the securities issued by the
Company and that the Company has made no assurances that a public market will ever exist for the Company’s securities. 
  
 (e) No Solicitation. The Holder knows of no public solicitation or advertisement of an offer in connection with the proposed issuance and sale of
the Shares. 
  
 (f) Residence. The principal executive
offices of the Holder are located in the State of                     . 
  

 7 

 4. Market Standoff Agreement. The Holder hereby agrees that if so requested by the Company or any
representative of the underwriters in connection with the initial underwritten public offering of any securities of the Company under the Act, the Holder shall not sell or otherwise transfer any shares represented by this Warrant or other securities
of the Company (other than to affiliates thereof that agree to be bound by such restrictions) during the period of time (not to exceed 180 days) following the effective date of the registration statement of the Company filed under the Act that is
agreed to by the Company and such representatives of the underwriters as the lock-up period; provided however, that the restriction in this Section 4 in respect of the sale or transfer by the Holder of shares represented by this Warrant or other
securities of the Company shall be conditioned on the Company exercising commercially reasonable efforts to ensure that each director and officer of the Company and each holder of one percent (1%) or more of any class of the Company’s
securities is subject to restrictions of like terms and duration. The Company may impose stop-transfer instructions with respect to securities subject to the foregoing restrictions until the end of such period of time. 
  
 Date:
                    , 200         
  

			
	Name	 	 
		
	 By:
	 	  

		
	 Its:
	 	  

  

 8

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