Document:

exv4w4

 

EXHIBIT 4.4

THE SECURITIES REPRESENTED BY THIS CERTIFICATE WERE ORIGINALLY ISSUED ON AND
HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR UNDER ANY
APPLICABLE STATE SECURITIES LAW, AND IN THE ABSENCE OF SUCH REGISTRATION MAY NOT BE
SOLD OR TRANSFERRED UNLESS THE ISSUER OF THIS WARRANT HAS RECEIVED AN OPINION OF ITS
COUNSEL, OR OF COUNSEL REASONABLY SATISFACTORY TO IT, THAT THE PROPOSED SALE OR
TRANSFER WILL NOT VIOLATE THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT OR ANY
APPLICABLE STATE SECURITIES LAW.

Certificate No. W-                    

Issue Date:                                         

WARRANT TO PURCHASE COMMON STOCK

WIRELESS RONIN® TECHNOLOGIES, INC.

     This
is to certify that
                                         his/her/its permitted assigns (“Holder”) is entitled to
purchase, subject to the provisions of this Warrant, from Wireless Ronin® Technologies, Inc., a
Minnesota corporation, its successors and assigns (the “Company”), at any time on or after the
Issue Date and for a period of Five years thereafter (the
“Exercise Period”) up to
                                         shares
(the “Warrant Shares”) of the common stock, $.01 par value, of the Company (the “Common Stock”) for
an exercise price of $1.00 per share of Common Stock to be issued hereunder . The number of shares
of Common Stock to be received upon the exercise of this Warrant and the exercise price to be paid
for a share of Common Stock may be adjusted from time to time as herein set forth. The exercise
price for the shares of Common Stock in effect at any time is hereinafter sometimes referred to as
the “Exercise Price.”

     Certain capitalized terms used herein are defined in paragraph 8.

     1. Method of Exercise. Subject to the other provisions of this Warrant, this Warrant
may only be exercised in whole or in part during the Exercise Period by (i) payment of the Exercise
Price, and (ii) presentation and surrender of this Warrant to the Company with the Exercise Notice
substantially in the form attached hereto as Exhibit A duly executed. Upon receipt by the
Company of this Warrant and the Exercise Notice in proper form for exercise, the Holder shall be
deemed to be the Holder of record of the shares of Common Stock issuable upon such exercise,
notwithstanding that the stock transfer books of the Company shall then be closed or that
certificates representing such shares of Common Stock shall not then be actually delivered to the
Holder. The Company shall use its best efforts to issue the proper stock certificate within ten
(10) business days of receiving all required documentation. Such stock certificate shall bear such
legends as the Company may deem necessary or appropriate.

 

 

     2. Payment of Taxes. All shares of Common Stock issuable upon the exercise of this
Warrant pursuant to the terms hereof shall be validly issued, fully paid and nonassessable. The
Company shall pay all expenses in connection with, and all taxes and other governmental charges
that may be imposed with respect to, the issue or delivery thereof, unless such tax or charge is
imposed by law upon Holder, in which case such taxes or charges shall be paid by Holder.

     3. Reservation of Shares.

          (a) Number of Shares. From and after the date hereof, the Company shall at all times
reserve and keep available for issuance and delivery upon exercise of this Warrant such number of
shares of its Common Stock as shall be sufficient to permit the exercise in full of this Warrant.
All shares of Common Stock which shall be so issuable, when issued upon exercise of this Warrant
and payment therefor in accordance with the terms of this Warrant, shall be duly and validly issued
and fully paid and nonassessable.

          (b) Authorizations, Exemptions and Registration. (A) Before taking any action which
would result in an adjustment in the number of shares of Common Stock for which this Warrant is
exercisable or (B) if any shares of Common Stock required to be reserved for issuance upon exercise
of this Warrant require registration or qualification with any governmental authority under any
federal or state law (other than as provided elsewhere in this Warrant) before such shares may be
so issued, the Company shall obtain all such authorizations or exemptions thereof, or consents
thereto, as may be necessary from any public regulatory body or bodies having jurisdiction thereof.

     4. Fractional Shares. No fractional shares or scrip representing fractional shares
shall be issued upon the exercise of this Warrant. With respect to any fraction of a share called
for upon exercise hereof, the Company shall pay to the Holder an amount in cash equal to such
fraction multiplied by the current Market Price of a full share.

     5. Exchange, Assignment or Loss of Warrant.

          (a) Exchange. This Warrant is exchangeable, without expense, at the option of the
Holder, upon presentation and surrender hereof to the Company for other Warrants in identical form
of different denominations entitling the Holder thereof to purchase in the aggregate the same
number of shares of Common Stock purchasable hereunder.

          (b) Assignment. This Warrant may only be assigned or transferred by the Holder in
accordance with the terms of this Warrant and upon the consent of the Company, which shall not be
unreasonably withheld. Any assignment shall be made by surrender of this Warrant to the Company
with the Assignment Form substantially in the form attached hereto as Exhibit B duly
executed. The Company shall, within ten days of receipt of the Warrant and Assignment Form and
without charge, either, (i) consent to such assignment and execute and deliver a new Warrant in
identical form in the name of the assignee named in such instrument of assignment and this Warrant
shall promptly be canceled or (ii) notify the Holder that that

 

 

Company is withholding its consent to such assignment. This Warrant may be divided or may be
combined with other Warrants which carry the same rights upon presentation hereof at the office of
the Company together with a written notice specifying the names and the denominations in which new
Warrants are to be issued and signed by the Holder hereof. The term “Warrant” as used herein
includes any Warrants issued in substitution for or replacement of this Warrant or into which this
Warrant may be divided or exchanged.

          (c) Loss. Upon receipt by the Company of evidence satisfactory to it of the loss,
theft, destruction, or mutilation of this Warrant, and (in the case of loss, theft or destruction)
of reasonably satisfactory indemnification, and upon surrender and cancellation of this Warrant if
mutilated, the Company will execute and will deliver a new Warrant in identical form. Any such new
Warrant executed and delivered shall constitute an additional contractual obligation on the part of
the Company, whether or not this Warrant so lost, stolen, destroyed or mutilated shall be at any
time enforceable by anyone.

     6. Rights of the Holder. The Holder, by virtue hereof, shall not be entitled to any
rights of a stockholder in the Company, either at law or in equity, and the rights of the Holder
are limited to those expressed in this Warrant.

     7. Exercise Price. The initial Exercise Price for each Warrant Share will be $___.
In order to prevent dilution of the exercise rights granted hereunder, the Exercise Price will be
subject to adjustment from time to time pursuant to this paragraph 7.

          (a) Adjustments for Other Dividends and Distributions. In the event the Company at
any time prior to the expiration of this Warrant makes or issues, or fixes a record date for the
determination of holders of Common Stock entitled to receive, a dividend or other distribution
payable in securities of the Company other than shares of Common Stock, then and in each such event
provision shall be made so that the Holder shall receive upon exercise thereof, in addition to the
number of shares of Common Stock receivable thereupon, the amount of securities of the Company
which the Holder would have received had this Warrant been exercised for Common Stock on the date
of such event and had the Holder thereafter, during the period from the date of such event to and
including the exercise date, retained such securities receivable by the Holder as aforesaid during
such period, subject to all other adjustments called for during such period under this paragraph 7
with respect to the rights of the Holder of this Warrant.

          (b) Subdivision or Combination of Common Stock. If the Company at any time subdivides
(by any stock split, stock dividend, recapitalization or otherwise) one or more classes of its
outstanding shares of Common Stock into a greater number of shares, the number of shares of Common
Stock for which this Warrant is exercisable shall immediately be proportionately increased, and if
the Company at any time combines (by reverse stock split or otherwise) one or more classes of its
outstanding shares of Common Stock into a smaller number of shares, the number of shares of Common
Stock for which this Warrant is exercisable shall immediately be proportionately decreased.

 

 

          (c) Reorganization, Reclassification, Consolidation, Merger or Sale. Any capital
reorganization, reclassification, consolidation, merger or sale of all or substantially all of the
Company’s assets to another Person which is effected in such a way that holders of Common Stock are
entitled to receive (either directly or upon subsequent liquidation) stock, securities or assets
with respect to or in exchange for Common Stock is referred to herein as an “Organic Change”.
Prior to the consummation of any Organic Change, the Company will make appropriate provisions to
insure that the Holder will thereafter have the right to acquire and receive, in lieu of or in
addition to the shares of Common Stock immediately theretofore acquirable and receivable upon the
exercise of this Warrant, such shares of stock, securities or assets as the Holder would have
received in connection with such Organic Change if the Holder had exercised this Warrant
immediately prior to such Organic Change. In any such case, the Company will make appropriate
provisions to insure that the provisions of this paragraph 7 will thereafter be applicable to this
Warrant. The Company will not effect any such consolidation, merger or sale, unless prior to the
consummation thereof, the successor corporation (if other than the Company) resulting from
consolidation or merger or the corporation purchasing such assets assumes by written instrument,
the obligation to deliver to each such holder such shares of stock, securities or assets as, in
accordance with the foregoing provisions, such holder may be entitled to acquire.

          (d) Certain Events. If any event occurs of the type contemplated by the provisions of
this paragraph 7 but not expressly provided for by such provisions, then the Company’s board of
directors and the Company will make an appropriate adjustment in the Exercise Price so as to
protect the rights of the Holder hereunder.

          (e) Registration Under the Securities Act of 1933. If prior to the expiration of this
Warrant, by exercise or by its terms, the Company proposes to register any of the securities of the
Company under the Securities Act of 1933 (the “Securities Act”) on Form S-1, Form S-2, Form S-3,
Form S-18, or on any other form upon which securities similar to the Warrant Shares may be
registered, the rights of the Holder and the obligations of the Company in connection therewith
shall be governed by the terms of a registration agreement.

     8. Definitions.

          “Common Stock” means, collectively, the Company’s Common Stock, $.01 par value, and any
capital stock of any class of the Company hereafter authorized which is not limited to a fixed sum
or percentage of par or stated value in respect to the rights of the holders thereof to participate
in dividends or in the distribution of assets upon any liquidation, dissolution or winding up of
the Company.

          “Market Price” of any security means the average of the closing prices of such security’s
sales on all securities exchanges on which such security may at the time be listed, or, if there
has been no sales on any such exchange on any day, the average of the highest bid and lowest asked
prices on all such exchanges at the end of such day, or, if on any day such security is not so
listed, the average of the representative bid and asked prices quoted in the NASDAQ System as of
4:00 P.M., New York time, or, if on any day such security is not quoted in the NASDAQ System, the
average of the highest bid and lowest asked prices on such day in the

 

 

domestic over-the-counter market as reported by the National Quotation Bureau, Incorporated, or any
similar successor organization, in each such case averaged over a period of 21 days consisting of
the day as of which “Market Price” is being determined and the 20 consecutive business days prior
to such day. If at any time such security is not listed on any securities exchange or quoted in
the NASDAQ System or the over-the-counter market, the “Market Price” will be the fair value thereof
determined by the Company’s board of directors.

          “Person” means an individual, a partnership, a limited liability company, a corporation, an
association, a joint stock company, a trust, a joint venture, an unincorporated organization and a
governmental entity or any department, agency or political subdivision thereof.

          “Subsidiary” means any corporation of which the shares of stock having a majority of the
general voting power in electing the board of directors are, at the time as of which any
determination is being made, owned by the Company either directly or indirectly through
Subsidiaries.

     9. Notices. Except as otherwise expressly provided, all notices referred to herein
will be in writing and will be delivered by registered or certified mail, return receipt requested,
postage prepaid and will be deemed to have been given when so mailed (i) to the Company, at its
principal executive offices and (ii) to Holder, at Holder’s address as it appears in the stock
records of the Company (unless otherwise indicated by Holder).

     10. Applicable Law. This Warrant shall be governed by and construed in accordance
with the laws of the State of Minnesota.

[Remainder of Page Intentionally Left Blank]

 

 

     IN WITNESS WHEREOF, Wireless Ronin® Technologies, Inc. has caused this Warrant to be signed by
its duly authorized officer under its corporate seal, attested by its duly authorized officer, and
dated as of the date set forth above.

	 	 	 	 	 	 	 	 	 
	Holder:	 	 	 	Wireless Ronin® Technologies, Inc.
	 
	 	 	 	 	 	 	 	 
	Name

	 	 	 	 	 	Name	 	 
	 

	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Signature

	 	 	 	 	 	Signature	 	 
	 

	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Its

	 	 	 	 	 	Its	 	 
	 

	 	 
	 	 	 	 	 	 

 

 

EXHIBIT A

EXERCISE NOTICE

[To be executed only upon exercise of Warrant]

     The undersigned registered owner of this Warrant irrevocably exercises this Warrant for the
purchase of                      Shares of Common Stock of Wireless Ronin® Technologies, Inc., and herewith makes
payment therefor, all at the price and on the terms and conditions specified in this Warrant and
requests that certificates for the shares of Common Stock hereby purchased (and any securities or
property issuable upon such exercise) be issued in the name of and delivered to
                                         whose address is                                          and, if such shares of Common
Stock shall not include all of the shares of Common Stock issuable as provided in this Warrant,
that a new Warrant of like tenor and date for the balance of the shares of Common Stock issuable
hereunder be delivered to the undersigned.

	 	 	 	 	 	 	 	 	 
	Dated:
	 	 	 	 	 	 	 	 
	 

	 	 

	 	 	 	 

(Name of Registered Owner)
	 	 
	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 

(Signature of Registered Owner)
	 	 
	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 

(Street Address)
	 	 
	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 

(City) (State) (Zip Code)
	 	 

 

 

EXHIBIT B

ASSIGNMENT FORM

     FOR VALUE RECEIVED the undersigned registered owner of this Warrant, conditioned upon the
consent of Wireless Ronin® Technologies, Inc. which must be obtained pursuant to paragraph 5(b) of
this Warrant, hereby sells, assigns and transfers unto the Assignee named below all of the rights
of the undersigned under this Warrant, with respect to the number of shares of Common Stock set
forth below:

	 	 	 
	 

	 	No. of Shares of
	Name and Address of Assigns

	 	Common Stock
	 

	 	 

and if such shares of Common Stock shall not include all of the shares of Common Stock issuable as
provided in this Warrant, then new Warrants of like tenor and date shall be issued. The
undersigned does hereby irrevocably constitute and appoint                                         
attorney-in-fact to register such transfer on the books of Wireless Ronin® Technologies, Inc.,
maintained for the purpose, with full power of substitute in the premises.

	 	 	 	 	 	 	 	 	 
	Dated:
	 	 	 	 	 	 	 	 
	 

	 	 

	 	 	 	 

(Name of Registered Owner)
	 	 
	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 

(Signature of Registered Owner)exv4w5

 

EXHIBIT 4.5

WIRELESS RONIN TECHNOLOGIES, INC.

[DATE]

Convertible Debenture Note

Wireless Ronin Technologies, with offices located at 14700 Martin Drive, Eden Prairie, MN 55344, a
Minnesota C corporation, herein referred to as “Issuer/Borrower”, is borrowing from
                     
                   
herein referred to as “Lender” the amount of                     
                     dollars ($                    )
herein referred to as “Loan Amount”. The Loan Amount shall be repaid from the Issuer/Borrower’s
sale of equity and/or from current and future contracts and sales.

This loan, herein referred to as “Note” will mature on                    
                     ,                     . At the sole discretion
of Issuer/Borrower, this note may automatically be extended for an additional 90-days after the
                     
                   
expiration date.

In consideration for the Loan Amount, Lender will receive interest on the Loan Amount at maturity,
Twenty-Five Percent (25%) Warrant Coverage, as well as                      Shares of Issuer/Borrower stock.
Lender has the option, prior to the maturity date of the note, to convert in whole or in part into
securities at a price of $1.00 per share or the current offering price, whichever is less.

The interest on the Note will be at the rate of                    
                      Percent (                    %) per annum and will be due
at maturity. If the Issuer/Borrower elects to enact its right to extend the maturity date of this
note for the additionally prescribed Ninety (90) day period, the interest on the Loan Amount for
the additional 90 day period, and for that period alone, shall increase to the rate of Sixteen
Percent (16%) per annum. The new maturity date would be                   
                      .

The
Issuer/Borrower shall issue 5 year Warrants to purchase
                     shares of the Issuer/Borrower’s
voting Common stock at the conversion price of $                     per share. If Issuer/Borrower elects to
extend the maturity date of this note the Issuer/Borrower shall issue additional warrant coverage
of 50% of the loaned amount exercisable at $                     per share.

Lender has the Option, at anytime up to the maturity date of the loan, to convert in whole or in
part into securities at a price of $                     per share or the current offering price, whichever is
less.

This Note shall be governed by and construed in accordance with the laws of the State of Minnesota.

CONFIDENTIAL

	 	 	 	 	 	 	 
	Wireless Ronin Technologies	 	 	 	[Name]
	Issuer/Borrower	 	 	 	Lender
	 
	 	 	 	 	 	 
	By
	 	 	 	 	 	 
	 

	 	 
	 	 	 	 
	Its:

	 	 	 	 	 	Signature
	 
	 	 	 	 	 	 
	[Date]	 	 	 	[Date]

 

 

WIRELESS RONIN TECHNOLOGIES, INC.

[DATE]

Convertible Debenture Note Extension

Wireless Ronin Technologies, with
offices located at 14700 Martin Drive, Eden Prairie MN 55344, a
Minnesota C corporation, herein referred to as “Issuer/Borrower”, borrowed from                                         
herein referred to as “Lender” the amount of
                                         dollars ($                    ) herein
referred to as “Loan Amount” per a Convertible Debenture Note dated                                         , which will
mature on                                        .

The Issuer/Borrower and Lender do hereby agree to extend the maturity date of the Convertible
Debenture Note to                                         . In consideration of extending the Convertible Debenture Note,
Lender will receive interest on the Loan Amount at the rate of
            

(    %) per annum.

Issuer/Borrower
has the option to call the Note in whole or in part prior to                                          and the
Lender has the option to convert the Note, in whole or in part, prior to                                         , into
common stock at a price of $1.00 per share or the current offering price, whichever is less.

This Note shall be governed and
construed in accordance with the laws of the State of Minnesota.

CONFIDENTIAL

	 	 	 	 	 	 	 
	Wireless Ronin Technologies	 	 	 	[Name]
	Issuer/Borrower	 	 	 	Lender
	 
	 	 	 	 	 	 
	By
	 	 	 	 	 	 
	 

	 	 
	 	 	 	 
	Its:

	 	 	 	 	 	Signature
	 
	 	 	 	 	 	 
	[Date]	 	 	 	[Date]

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