Document:

Exhibit
10.69

 

THE WARRANTS REPRESENTED BY THIS CERTIFICATE
AND THE UNDERLYING SHARES WHICH MAY BE ACQUIRED UPON EXERCISE HEREOF HAVE BEEN ACQUIRED FOR INVESTMENT ONLY AND NOT WITH A VIEW
TO DISTRIBUTION THEREOF. THE SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED OR QUALIFIED UNDER THE SECURITIES
LAWS OF ANY JURISDICTION. THE WARRANTS REPRESENTED BY THIS CERTIFICATE AND THE UNDERLYING SHARES WHICH MAY BE ACQUIRED UPON EXERCISE
MAY NOT BE SOLD OR OFFERED FOR SALE UNLESS AN APPROPRIATE REGISTRATION STATEMENT UNDER APPLICABLE SECURITIES LAWS IS THEN IN EFFECT
WITH RESPECT THERETO, OR UNLESS AN OPINION OF COUNSEL IN FORM AND SUBSTANCE SATISFACTORY TO THE ISSUER IS PROVIDED THAT REGISTRATION
IS NOT REQUIRED UNDER SUCH LAWS.

 

	 	Warrant to Purchase
	 	 
	Date: November __, 2012	[_____________]
	 	 
	 	Shares of Common Stock,
	 	as herein described

 

No. 323

 

OurPet’s

Company

 

 

Common Stock Purchase Warrant

 

 

Article 1.      General
Provisions.

 

This certifies that
____________________ (the “Holder”), is entitled to purchase, at any time on or after ________________,
2012 (the “Effective Date”) and on or before ___________, 2017 (the “Expiration Date”),
that number of fully paid and non-assessable shares of Common Stock, without par value, of OurPet’s
Company, a corporation incorporated under the laws of the State of Colorado (the “Company”), as
set forth above, at the exercise price of $0.50 U.S. per share, all subject to adjustment as hereinafter provided.

 

    	 

    	 

    

 

Article 2.       Duration
and Exercise of Warrants.

 

Section 2.01       Duration of Warrants.
This Warrant may be exercised at any time on or after the Effective Date and prior to the close of business on the Expiration
Date.

 

Section 2.02       Terms of Exercise.
This Warrant shall entitle the holder hereof to purchase the number of shares of Common Stock set forth in Article 1,
subject to adjustment as herein provided (the “Warrant Shares”), upon payment of the amount per share
set forth in Section 1.01, subject to adjustment as herein provided (the “Exercise Price”).

 

Section 2.03       Exercise of Warrant.

 

(a)         This
warrant may be exercised in whole or in part by surrendering it, together with a subscription in the form attached hereto duly
executed, accompanied by a certified or official bank check (or such other form of payment as the Company may accept) in payment
of the Exercise Price. Warrants may be surrendered at the Company’s corporate offices indicated in Section 7.02 hereof,
or as such corporate office may be relocated from time to time.

 

(b)         Notwithstanding
the foregoing, the Holder may, without the payment of cash or other consideration (other than the surrender of the right to purchase
certain Warrant Shares implicit in the following formula), exercise this Warrant for “Net Warrant Shares”. The Holder
shall provide written notice to the Company specifying the gross number of Warrant Shares as to which this Warrant is then exercised.
The number of Net Warrant Shares deliverable upon such exercise will be determined by the following formula: Net Warrant Shares
= [WS x (CP - EP)]/CP, where “WS” is the gross number of Warrant Shares as to which this Warrant is to be exercised;
“CP” is the average market price of the Common Stock on the ten (10) trading days preceding the date of the request
to exercise this Warrant; and “EP” shall mean the then applicable Exercise Price.

 

(c)         This
Warrant shall be exercisable during the period provided in Section 2.01 at any time or in whole or from time to time in
part. As soon as practicable after the Warrant has been so exercised, the Company shall issue and deliver or cause to be delivered
to, or upon the order of, the holder of the Warrant, in such name or names as may be directed by such holder, a certificate or
certificates for the number of full Warrant Shares to which such holder is entitled and, if this Warrant shall not have been exercised
in full, a new Warrant for the number of shares of Common Stock as to which this Warrant shall not have been exercised, subject
to the surrender of the right to purchase certain Warrant Shares implicit in the exercise of this Warrant under Section 2.03(b).
This Warrant, when so surrendered, shall be cancelled by or on behalf of the Company.

 

Section 2.04      Common Stock Issued
Upon Exercise of Warrant.

 

(a)         All Warrant
Shares shall be duly authorized, validly issued, fully paid and nonassessable. The Company shall pay all documentary stamp taxes
attributable to the initial issuance of Warrant Shares. The Company shall not be required, however, to pay any tax imposed in connection
with any transfer involved in the issue of the Warrant Shares in a name other than that of that holder of this Warrant upon exercise.
In such case, the Company shall not be required to issue any certificate for Warrant Shares until the person or persons requesting
the same shall have paid to the Company the amount of any such tax or shall have established to the Company’s satisfaction
that the tax has been paid or that no tax is due.

 

    	 

    	 

    

 

(b)         Irrespective
of the date of issue of certificates for any Warrant Shares acquired upon exercise of this Warrant, each person in whose name any
certificate is issued shall be deemed to have become the holder of record of the Warrant Shares represented thereby on the date
on which this Warrant was exercised and payment of the Exercise Price was tendered as provided in Section 2.03 with respect
to such Warrant Shares.

 

Article 3.       Anti-Dilution
Provisions.

 

Section 3.01      Adjustment of Exercise
Price and Number of Warrant Shares. The Exercise Price shall be subject to adjustment from time to time as provided in
this Article 3. Upon each adjustment of the Exercise Price, the holder of this Warrant shall be entitled to purchase, at
the Exercise Price resulting from such adjustment, the number of Warrant Shares, calculated to the nearest full share, obtained
by multiplying the Exercise Price in effect immediately prior to such adjustment by the number of Warrant Shares purchasable pursuant
to the provisions of this Warrant immediately prior to such adjustment and dividing the product thereof by the Exercise Price resulting
from such adjustment.

 

Section 3.02      Stock Dividends.
If the Company shall declare a dividend or any other distribution upon any capital stock which is payable in shares of Common Stock,
the Exercise Price shall be reduced to the quotient obtained by dividing (i) the number of shares of Common Stock outstanding immediately
prior to such declaration multiplied by the then effective Exercise Price by (ii) the total Common Stock and all convertible securities
issuable in payment of any dividend or other distribution upon the capital stock of the Company shall be deemed to have been issued
or sold without consideration.

 

Section 3.03      Stock Splits and
Reverse Stock Splits. If the Company shall subdivide its outstanding shares of Common Stock into a greater number of shares,
the Exercise Price shall be proportionately reduced and the number of Warrant Shares issuable upon exercise of this Warrant shall
be proportionately increased. If the Company shall combine the outstanding shares of Common Stock into a smaller number of shares,
the Exercise Price shall be proportionately increased and the number of Warrant Shares issuable upon exercise of this Warrant shall
be proportionately decreased.

 

Section 3.04      Reorganizations.
If any capital reorganization or reclassification of the Company, or any consolidation or merger of the Company with another
corporation, shall be affected in such a way that the holders of the Common Stock shall be entitled to receive securities or assets
with respect to or in exchange for shares of Common Stock, adequate provision shall be made, prior to and as a condition of such
reorganization, reclassification, consolidation or merger whereby the holder of this Warrant shall have the right to receive,
upon the terms and conditions specified herein and in lieu of the Warrant Shares otherwise receivable upon the exercise of this
Warrant, such securities or assets as may be issued or payable with respect to or in exchange for the number of outstanding shares
of Common Stock equal to the number of Warrant Shares otherwise receivable had such reorganization, reclassification, consolidation
or merger not taken place. In any such case appropriate provision shall be made with respect to the rights and interests of such
holder so that the provisions of this Warrant shall be applicable with respect to any securities or assets thereafter deliverable
upon exercise of this Warrant. The Company shall not affect any such consolidation or merger unless prior to or simultaneously
with the consummation thereof the survivor or successor corporation resulting from such consolidation or merger shall assume by
written instrument delivered to the holder of this Warrant the obligation to deliver to such holder such securities or assets
as such holder may be entitled to receive.

 

    	 

    	 

    

 

Section 3.05      Form of Warrant.
This Warrant need not be changed because of any adjustment to the Exercise Price or any change in the amount or nature of securities
issuable or deliverable pursuant to this Article 3. The Company may, however, in its discretion, at any time change the
form of Warrants to reflect any such change in the amount or nature of securities issuable or deliverable upon exercise, provided
such change in form does not otherwise affect the substance thereof.

 

Article 4.      Other
Provisions for Protection of Warrantholders.

 

Section 4.01      Reservation of Shares.
The Company shall at all times reserve and keep available such number of shares of its authorized but unissued Common Stock as
shall from time to time be sufficient to permit the exercise of all outstanding Warrants. If at any time the number of authorized
but unissued shares of Common Stock shall not be sufficient for such purpose, the Company will take such action as, in the opinion
of its counsel, may be necessary to increase its authorized but unissued Common Stock to such number of shares as shall be sufficient
for such purpose.

 

Section 4.02      Lost and Misplaced
Warrant Certificates. If any Warrant becomes lost, stolen, mutilated or destroyed, the Company will, on such terms as to
indemnify or otherwise as it may in its discretion impose, issue a new Warrant of like denomination, tenor and dates as the Warrant
so lost, stolen, mutilated or destroyed. Any such new Warrant shall constitute an original contractual obligation of the Company,
whether or not the allegedly lost, stolen, mutilated or destroyed Warrant shall at any time be enforceable by anyone.

 

Section 4.03      Enforcement of Warrant
Rights. All rights of action are vested in the respective holders of the Warrants. Any holder of any Warrant may, in his
own behalf and for his own benefit, enforce, and may institute and maintain any suit, action or proceeding against the Company
suitable to enforce, or otherwise in respect of, his right to exercise his Warrant for the purchase of the number of Warrant Shares
issuable or deliverable in exchange therefor.

 

Article 5.       Transfer
and Ownership of Warrants.

 

Section 5.01      Negotiability and
Ownership. The Warrants have been, and, if the Warrants are exercised, the Warrant Shares will be, acquired for the account
of the holder for investment and not with a view to resale or further distribution thereof. This Warrant shall be transferable
by the holder hereof only in compliance with applicable securities laws. Any attempted transfer in contravention of this Section
shall be null and void. Any such transferee may be required to execute an investment letter containing representations and warranties
as to his or her investment intent, financial sophistication and ability to bear the risk of any investment in the Warrants or
the Warrant Shares and to satisfy the Company of the bona fide nature of such representations.

 

    	 

    	 

    

 

Section 5.02      Exchange of Warrants.
At any time after the issuance and prior to expiration, this Warrant may be surrendered at the corporate offices of the Company
for exchange and, upon cancellation hereof, one or more new Warrants shall be issued as requested by the holder for the same aggregate
number of shares.

 

Article 6.       Miscellaneous
Provisions.

 

Section 6.01      Closing of Books.
The Company will at no time close its transfer books against the transfer of any warrant or of any shares of Common Stock issued
or issuable upon the exercise of any warrant in any manner which interferes with the timely exercise of this Warrant.

 

Section 6.02      Modification and
Waiver. This Warrant and any provision hereof may be changed, waived, discharged or terminated only by an instrument in
writing signed by the party against which enforcement of the same is sought.

 

Section 6.03      Descriptive Headings
and Governing Law. The description headings of the several articles, sections and paragraphs of this Warrant are inserted
for convenience only and do not constitute a part of this Warrant. This Warrant shall be construed and enforced in accordance with,
and the rights of the parties shall be governed by, the laws of the State of Ohio, without regard to conflict of laws principles.

 

Section 6.04      Notices to Warrant
Holders. Any notice or other document required or permitted to be given or delivered to the Holder shall be delivered at,
or sent by certified or registered mail to, such holder at its, his or her address appearing on the Company’s Warrant register.
Any notice or other document required or permitted to be given or delivered to the Company shall be delivered at, or sent by certified
or registered mail to, the Company at 1300 East Street, Fairport Harbor, Ohio, 44077. Any notice so addressed and mailed by registered
or certified mail shall be deemed to be given when so mailed. Any notice so addressed and otherwise delivered shall be deemed to
be given when actually received by the addressee.

 

IN WITNESS WHEREOF,
this Warrant has been executed on behalf of the Company on October 31, 2008.

 

	 	OURPET’S COMPANY	 
	 	 
	 	 	 
	 	By:	 	 
	 	 	Scott R. Mendes, Chief Financial Officer	 

 

    	 

    	 

    

 

ASSIGNMENT

 

To be executed by the registered holder
to effect a transfer of the within Warrant, subject to the restrictions imposed by Section 5.01 of the Warrant.

 

FOR VALUE RECEIVED, the undersigned
registered holder hereby sells, assigns and transfers unto

 

	 	 	 
	 	 	 
	 	 	 
	 	(Address)	 
	 	 	 
	 	 	 

 

the right to purchase the Common Stock
evidenced by the within Warrant, and does irrevocably constitute and appoint ________________________ to transfer the said right
on the books of the Company, with full power of substitution.

 

	Dated: 	 	 

 

	SIGNATURE 	 	 

 

NOTICE:
The signature to this Assignment must correspond with the name as written upon the face of the within Warrant, in every particular,
without alteration or change whatsoever, and must be guaranteed by a bank or trust company, or be a firm having membership on a
registered national securities exchange.

 

    	 

    	 

    

 

EXERCISE OF WARRANT

 

The undersigned, registered
holder or assignee of such registered holder of the within Warrant, hereby (1) subscribes for ________________ shares of Common
Stock which the undersigned is entitled to purchase under the terms of the within Warrant, (2) makes the full cash payment therefore
called for by the within Warrant, and (3) directs that the Common Stock issuable upon exercise of said Warrant be issued as described
hereunder.

 

	 	 
	 	 
	 	 
	 	(Address)
	 	 
	 	 
	 	(Signature)

 

	Dated:	 	 

 

NOTICE:
The signature to this Assignment must correspond with the name as written upon the face of the within Warrant, in every particular,
without alteration or change whatsoever, and must be guaranteed by a bank or trust company, or be a firm having membership on a
registered national securities exchange.

 

[This form shall be modified by the
Holder and the Company as appropriate in the event Holder exercises the Warrant, in whole or in part, in accordance with Section
2.03(b) of the Warrant.]NEITHER THE ISSUANCE AND SALE OF THIS NOTE
NOR THE SECURITIES INTO WHICH THIS NOTE IS CONVERTIBLE HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE
STATE SECURITIES LAWS.  THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF (I) AN
EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (II) AN OPINION OF COUNSEL,
IN A FORM REASONABLY ACCEPTABLE TO THE COMPANY, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT.  NOTWITHSTANDING THE FOREGOING,
THIS NOTE MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THIS NOTE.
 ANY TRANSFEREE OF THIS NOTE SHOULD CAREFULLY REVIEW THE TERMS OF THIS NOTE.  THE PRINCIPAL AMOUNT REPRESENTED BY THIS
NOTE AND, ACCORDINGLY, THE SECURITIES ISSUABLE UPON CONVERSION HEREOF MAY BE LESS THAN THE AMOUNTS SET FORTH ON THE FACE HEREOF
PURSUANT TO THIS NOTE.

 

Loreto
Resources Corporation

10% CONVERTIBLE PROMISSORY NOTE

 

	 	 
	Issuance Date:  _______________, 2012	Principal Amount: U.S. $_______________

 

FOR VALUE RECEIVED, Loreto Resources
Corporation, a Nevada corporation (the "Company"), hereby promises to pay to ____________________ or
registered assigns ("Holder") the amount set out above as the Principal Amount (as reduced pursuant to the terms
hereof pursuant to redemption, conversion or otherwise, the "Principal") when due, whether upon the Maturity Date
(as defined below), acceleration, redemption or otherwise (in each case in accordance with the terms hereof) and to pay interest
at the rate of 10.00% per annum ("Interest") from the date set out above as the Issuance Date (the "Issuance
Date") until the same becomes due and payable on the Maturity Date.

 

1.         PAYMENTS
OF PRINCIPAL AND INTEREST; MATURITY.  Payment in full of all unpaid Principal and all accrued and unpaid Interest is due
no later than _______________, 2014 (the "Maturity Date"), unless this Note is repaid earlier in accordance
with Section 2 herein or converted in accordance with Section 3 herein; provided, however, that
the Corporation and Holders of a majority in interest of these Notes may mutually agree to extend the term of the Note beyond the
Maturity Date. All Interest shall be paid in shares of the Corporation’s common stock (“Interest Shares”).
The amount of Interest Shares to be delivered shall be determined by dividing the amount of Interest required to be paid by (i)
in the event of a mandatory conversion in accordance with Section 3 herein, the Conversion Price (defined below), or (ii) if no
mandatory conversion, (a) a number equal to the volume weighted average price of the Corporation’s common stock as reported
by Bloomberg L.P. for the ten trading days preceding but not including the relevant payment date, or (b) if no such pricing is
available, a number determined in good faith by the Board of Directors of the Corporation to be the fair market value of the common
stock at the payment date.

 

    	 

    	 

    
 

 

2.         PREPAYMENT. The Company and
the Holder understand and agree that the Principal and any accrued Interest may be prepaid by the Company at any time without penalty.

 

3.         Mandatory
Conversion. Upon the closing of the next securities offering or other financing by the Company in which the Company
raises a minimum of US one million dollars ($1,000,000), which offering closes concurrent with the closing of a related merger
or other acquisition transaction (the “Financing”), the entire unpaid Principal
and accrued but unpaid Interest shall be automatically, and without any action or notice by the Company or the Holder, converted
into the securities or instruments issued by the Company in the Financing (the “Conversion Securities”)
at a price (the “Conversion Price”) equal to either (a) the price per share
of stock (or unit of stock and other securities) paid by investors in the Financing, if the Financing is an issuance of stock (or
units of stock and other securities), or (b) the price paid by investors in the Financing, expressed as a percentage of the face
amount of debt securities, if the Financing is an issuance of debt securities (or units of debt securities and other securities)
(including debt securities convertible into stock). No fraction of shares will be issued on conversion, but if shares are issuable,
the number of shares issuable shall be rounded to the nearest whole share. The number or amount of Conversion Securities issuable
upon a conversion hereunder shall be determined by the quotient obtained by dividing (x) the outstanding Principal and accrued
but unpaid Interest to be converted by (y) the Conversion Price. The Company’s calculation of the applicable Conversion Price
shall be conclusive, absent manifest error. The Company shall afford the Holder the opportunity to become a party to all agreements
and instruments for the benefit of the investors in the Financing, including, but not limited to, if applicable, any registration
rights agreement. 

 

4.         Limitation
on Conversion. The Holder shall not be entitled to convert this Note on any date, if and to the extent that the number
of shares of common stock of the Company issuable upon the conversion of this Note on such date (or issuable upon conversion or
exercise of the Conversion Securities if such securities are not shares of common stock of the Company), together with the number
of shares of common stock of the Company beneficially owned by the Holder and its affiliates otherwise than on account of ownership
of this Note on such date, would result in beneficial ownership by the Holder and its affiliates of more than 9.9% of the outstanding
shares of common stock of the Company on such date. For the purposes of the immediately preceding sentence, beneficial ownership
shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended, and Regulation 13d-3 thereunder.

 

5.         EVENT OF DEFAULT. Failure
by the Company to make payment pursuant to Section 1 hereof shall constitute an event of default ("Event of Default").
In an Event of Default, the Holder shall be entitled to all legal remedies available to it to pursue collections, and the Company
shall bear all reasonable costs of collection, including but not limited to necessary attorneys’ fees.

 

6.         NO WAIVER. No failure or delay
by the Holder in exercising any right, power or privilege under this Note shall operate as a waiver thereof, nor shall any single
or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege.
The rights and remedies herein provided shall be cumulative and not exclusive of any rights or remedies provided by applicable
law. No course of dealing between the Company and the Holder shall operate as a waiver of any rights by the Holder.

 

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7. NOTICES; PAYMENTS.

 

(a)         Notices.
 All notices or other communications which are required or permitted under this Note shall be in writing and shall
be sufficient if transmitted by hand delivery, by facsimile transmission, by registered or certified mail, postage pre-paid, by
electronic mail, or by nationally recognized overnight courier, to the persons at the addresses
set forth below (or at such other address as may be provided hereunder), and shall be deemed to have been delivered (i) if transmitted
by hand delivery, as of the date delivered, (ii) if transmitted by facsimile or electronic mail, as of the date so transmitted
with an automated confirmation of delivery, (iii) if transmitted by nationally recognized overnight courier,
as of the Business Day (as defined below) immediately following the date of delivery to the carrier, and (iv) if transmitted by
registered or certified mail, postage pre-paid, on the fifth Business Day following posting with the U.S. Postal Service:

 

If to the Company to:

 

Loreto Resources Corporation

c/o Gottbetter &
Partners, LLP

488 Madison Avenue,
12th Floor

New York, NY 10022

Attention: Adam
S. Gottbetter, Esq.

Fax (212) 400-6901

 

			If to the Holder to:

 

_________________________

_________________________

_________________________

Attention:________________

Fax:_____________________

 

Unless a specific notice is otherwise required
under this Note, the Company shall provide the Holder with prompt written notice of all actions taken pursuant to this Note, including
in reasonable detail a description of such action and the reason therefore.

 

         (b)         Payments.  Except
as otherwise provided in this Note, whenever any payment of cash is to be made by the Company to the Holder, such payment shall
be made in lawful money of the United States of America by a check drawn on the account of the Company and sent via overnight courier
service to the Holder at the address noted in paragraph (a) above; provided that the Holder may elect to receive a payment via
wire transfer of immediately available funds by providing the Company with prior written notice setting out such request and the
Holder's wire transfer instructions.  Whenever any amount expressed to be due by the terms of this Note is due on any day
which is not a Business Day, the same shall instead be due on the next succeeding day which is a Business Day. For the purposes
of this Section 7, the term "Business Day" means any day of the year other than a Saturday, a Sunday or a day
on which the U.S. Securities and Exchange Commission is required or authorized to close.

 

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8.         TRANSFER.  The Holder
acknowledges and agrees that this Note may only be offered, sold, assigned or transferred by the Holder if consented to in writing
by the Company.

 

9.         CONSTRUCTION; HEADINGS.  This
Note shall be deemed to be jointly drafted by the Company and the Holder and shall not be construed against any person as the drafter
hereof. The headings in this Note are for convenience of reference and shall not form part of, or affect the interpretation of,
this Note.

 

10.         SEVERABILITY. In the event
that one or more of the provisions of this Note shall for any reasons be held invalid, illegal, or unenforceable in any respect,
such invalidity, illegality or unenforceability shall not affect any other provision of this Note, but this Note shall be construed
as if such invalid, illegal or unenforceable provision had never been contained herein.

 

11.         GOVERNING LAW. This Note
and the rights and obligations of the Company and the Holder shall be governed by and construed in accordance with the laws of
the State of New York.

 

 

 

[SIGNATURE PAGE FOLLOWS]

 

 

 

 

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IN WITNESS WHEREOF, the Company has caused
this Note to be duly executed as of the Issuance Date set out above.

 

	 	Loreto Resources Corporation
	 	 
	 	 
	 	By	 	 
	 	Name:  Adam Zive
	 	Title:    Chief Executive Officer

 

 

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